Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number File No. 811-09301

TIAA-CREF FUNDS

(Exact name of Registrant as specified in charter)

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

(Address of Principal Executive Offices) (Zip code)

Stewart P. Greene, Esq.

c/o TIAA-CREF

730 Third Avenue

New York, New York 10017-3206

(Name and address of agent for service)

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

Date of fiscal year end: March 31

Date of reporting period: December 31, 2012

Item 1. Schedule of Investments.

TIAA-CREF FUNDS - Real Estate Securities Fund

TIAA-CREF FUNDS
REAL ESTATE SECURITIES FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


SHARES			COMPANY		VALUE

COMMON STOCKS - 97.2%

CASINOS & GAMING - 0.3%
	75,000	*	Penn National Gaming, Inc	$	3,683,250

			TOTAL CASINOS & GAMING		3,683,250


DIVERSIFIED REITS - 4.1%
	350,000		iShares Dow Jones US Real Estate Index Fund		22,652,000
	500,000		NRDC Acquisition Corp		6,430,000
	290,000		Vornado Realty Trust		23,223,200

			TOTAL DIVERSIFIED REITS		52,305,200


HOTELS, RESORTS & CRUISE LINES - 1.0%
	220,000		Starwood Hotels & Resorts Worldwide, Inc		12,619,200

			TOTAL HOTELS, RESORTS & CRUISE LINES		12,619,200


INDUSTRIAL REITS - 6.6%
	1,685,000		AMB Property Corp		61,485,650
	240,000		EastGroup Properties, Inc		12,914,400
	325,000	*	First Industrial Realty Trust, Inc		4,576,000
	2,000,000		Global Logistic Properties		4,625,425

			TOTAL INDUSTRIAL REITS		83,601,475


OFFICE REITS - 8.7%
	500,000		Boston Properties, Inc		52,905,000
	300,000		Digital Realty Trust, Inc		20,367,000
	80,000		Kilroy Realty Corp		3,789,600
	696,000		Mission West Properties, Inc		6,340,560
	360,000		SL Green Realty Corp		27,594,000

			TOTAL OFFICE REITS		110,996,160


OTHER DIVERSIFIED FINANCIAL SERVICES - 0.0%
	211,200	*,b,g,m	People’s Choice Financial Corp		0

			TOTAL OTHER DIVERSIFIED FINANCIAL SERVICES		0


REAL ESTATE OPERATING COMPANIES - 1.6%
	3,817,056	a	Thomas Properties Group, Inc		20,650,273

			TOTAL REAL ESTATE OPERATING COMPANIES		20,650,273


RESIDENTIAL REITS - 19.4%
	650,000		American Campus Communities, Inc		29,984,500
	250,000		Apartment Investment & Management Co (Class A)		6,765,000
	445,000		AvalonBay Communities, Inc		60,337,550
	125,000		BRE Properties, Inc (Class A)		6,353,750
	350,000		Camden Property Trust		23,873,500
	250,000		Education Realty Trust, Inc		2,660,000

TIAA-CREF FUNDS - Real Estate Securities Fund


SHARES			COMPANY	VALUE

	270,000		Equity Lifestyle Properties, Inc	$	18,168,300
	830,000		Equity Residential		47,036,100
	130,000		Essex Property Trust, Inc		19,064,500
	120,000		Home Properties, Inc		7,357,200
	500,000		Post Properties, Inc		24,975,000

			TOTAL RESIDENTIAL REITS		246,575,400


RETAIL REITS - 25.9%
	1,100,000		DDR Corp		17,226,000
	350,000		Equity One, Inc		7,353,500
	300,000		Federal Realty Investment Trust		31,206,000
	2,000,000		General Growth Properties, Inc		39,700,000
	210,000		Macerich Co		12,243,000
	300,000		Realty Income Corp		12,063,000
	260,000		Regency Centers Corp		12,251,200
	1,000,000		Simon Property Group, Inc		158,090,000
	220,000		Tanger Factory Outlet Centers, Inc		7,524,000
	400,000		Taubman Centers, Inc		31,488,000

			TOTAL RETAIL REITS		329,144,700


SPECIALIZED REITS - 29.6%
	790,000		American Tower Corp		61,043,300
	700,000		CubeSmart		10,199,000
	110,000		Entertainment Properties Trust		5,072,100
	400,000		Extra Space Storage, Inc		14,556,000
	1,150,000		HCP, Inc		51,957,000
	960,000		Health Care REIT, Inc		58,838,400
	1,300,000		Host Marriott Corp		20,371,000
	250,000		Plum Creek Timber Co, Inc		11,092,500
	425,000		Public Storage, Inc		61,608,000
	150,000		Rayonier, Inc		7,774,500
	1,400,000	*	Strategic Hotels & Resorts, Inc		8,960,000
	550,000	*	Sunstone Hotel Investors, Inc		5,890,500
	520,000		Ventas, Inc		33,654,400
	850,000		Weyerhaeuser Co		23,647,000

			TOTAL SPECIALIZED REITS		374,663,700


			TOTAL COMMON STOCKS		1,234,239,358

			(Cost $1,054,107,324)

PRINCIPAL

ISSUER

RATE

MATURITY
DATE

SHORT-TERM INVESTMENTS - 1.7%

TREASURY DEBT - 1.7%

22,000,000

United States Treasury Bill

0.014

01/17/13

21,999,853

TOTAL SHORT-TERM INVESTMENTS

21,999,853

(Cost $21,999,853)

TIAA-CREF FUNDS - Real Estate Securities Fund

SHARES

COMPANY

VALUE

TOTAL INVESTMENTS - 98.9%

1,256,239,211

(Cost $1,076,107,177)

OTHER ASSETS & LIABILITIES, NET - 1.1%

14,442,110

NET ASSETS - 100.0%

1,270,681,321

Abbreviation(s):

REIT

Real Estate Investment Trust

Non-income producing.

Affiliated Holding.

In bankruptcy.

Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 12/31/2012, the aggregate value of these securities amounted to $0 or 0.0% of net assets.

Indicates a security that has been deemed illiquid.

TIAA-CREF FUNDS - Bond Fund

TIAA-CREF FUNDS
BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BONDS - 95.7%

CORPORATE BONDS - 47.7%

AUTOMOBILES & COMPONENTS - 0.1%
$	1,868,000		Delphi Corp	5.875	%	05/15/19	$	2,003,430
	468,000		Ford Motor Co	7.450		07/16/31		594,360
	745,000	g	Hyundai Motor Manufacturer	4.500		04/15/15		793,738

			TOTAL AUTOMOBILES & COMPONENTS					3,391,528


BANKS - 5.4%
	1,190,000	g	Abbey National Treasury Services plc	3.875		11/10/14		1,234,754
	950,000	g	Akbank TAS	3.875		10/24/17		976,904
	250,000	g	Banco Bradesco S.A.	4.500		01/12/17		266,250
	845,000	g	Banco de Bogota S.A.	5.000		01/15/17		910,487
	2,840,000	g	Banco de Credito del Peru	5.375		09/16/20		3,145,300
	1,000,000		Banco de Oro Unibank, Inc	3.875		04/22/16		1,013,928
	7,000,000	g	Banco del Estado de Chile	2.000		11/09/17		6,988,345
	600,000	g	Banco del Estado de Chile	3.875		02/08/22		636,797
	1,055,000		Banco do Brasil S.A.	3.875		01/23/17		1,102,475
	1,500,000	g	Banco do Brasil S.A.	5.875		01/26/22		1,653,750
	845,000		Banco do Brasil S.A.	3.875		10/10/22		851,337
	900,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand	4.125		11/09/22		915,750
	1,635,000		Bancolombia S.A.	5.950		06/03/21		1,888,425
	1,600,000		Bancolombia S.A.	5.125		09/11/22		1,664,000
	2,350,000	g	Bank Nederlandse Gemeenten	1.375		09/27/17		2,361,045
	2,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.350		02/23/17		2,080,548
	1,320,000	g	BBVA Banco Continental S.A.	5.000		08/26/22		1,409,100
	2,475,000	g	Caixa Economica Federal	2.375		11/06/17		2,456,438
	730,000		Capital One Capital V	8.875		05/15/40		730,000
	1,500,000		Citigroup, Inc	2.250		08/07/15		1,536,192
	665,000		Citigroup, Inc	6.000		12/13/13		696,829
	1,615,000		Citigroup, Inc	5.000		09/15/14		1,699,122
	7,000,000		Citigroup, Inc	4.450		01/10/17		7,754,600
	225,000		Citigroup, Inc	6.125		05/15/18		269,642
	370,000		Citigroup, Inc	5.375		08/09/20		436,026
	8,625,000		Citigroup, Inc	4.500		01/14/22		9,622,947
	1,950,000		Citigroup, Inc	5.875		01/30/42		2,406,583
	735,000	g	Depfa ACS Bank	5.125		03/16/37		573,810
	600,000		Deutsche Bank AG	3.875		08/18/14		629,814
	935,000		Discover Bank	7.000		04/15/20		1,160,986
	2,325,000	g	HSBC Bank plc	3.100		05/24/16		2,458,153
	1,320,000	g	HSBC Bank plc	4.125		08/12/20		1,469,106
	225,000	g,i	HSBC Capital Funding LP	4.610		12/30/49		224,573
	1,700,000		HSBC Holdings plc	4.000		03/30/22		1,861,272
	675,000		HSBC Holdings plc	6.500		09/15/37		842,528

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,000,000	g	Hutchison Whampoa International 11 Ltd	4.625	%	01/13/22	$	2,230,884
	1,335,000	g	ICICI Bank Ltd	5.500		03/25/15		1,411,341
	1,500,000	g	ICICI Bank Ltd	4.750		11/25/16		1,572,341
	895,000		JPMorgan Chase & Co	5.125		09/15/14		951,872
	2,150,000		JPMorgan Chase & Co	1.100		10/15/15		2,149,933
	925,000		JPMorgan Chase & Co	5.500		10/15/40		1,130,771
	4,500,000		JPMorgan Chase & Co	5.400		01/06/42		5,422,968
	3,150,000	g	Korea Exchange Bank	3.125		06/26/17		3,278,945
	470,000	i	Manufacturers & Traders Trust Co	5.629		12/01/21		483,607
	4,525,000	g	Mizuho Corporate Bank Ltd	1.550		10/17/17		4,529,539
	2,950,000	g	PKO Finance AB	4.630		09/26/22		3,104,875
	700,000		PNC Bank NA	2.700		11/01/22		700,222
	1,675,000	i	PNC Financial Services Group, Inc	2.854		11/09/22		1,684,752
	1,255,000		PNC Funding Corp	5.125		02/08/20		1,492,604
	835,000	g,i	Rabobank Nederland NV	11.000		12/30/49		1,129,337
	2,570,000	g	State Bank of India	4.125		08/01/17		2,646,586
	560,000	g	Sumitomo Mitsui Banking Corp	3.150		07/22/15		589,819
	310,000		Toronto-Dominion Bank	2.500		07/14/16		326,135
	925,000	g	Turkiye Is Bankasi	6.000		10/24/22		974,719
	1,750,000		Union Bank NA	2.125		06/16/17		1,799,530
	945,000		Union Bank of California NA	5.950		05/11/16		1,076,396
	1,550,000		UnionBanCal Corp	3.500		06/18/22		1,634,844
	2,500,000		US Bancorp	1.650		05/15/17		2,547,250
	950,000		US Bancorp	2.950		07/15/22		959,715
	1,490,000		Wachovia Bank NA	5.850		02/01/37		1,848,659
	4,650,000		Wells Fargo & Co	1.500		07/01/15		4,730,115
	2,575,000		Wells Fargo & Co	2.100		05/08/17		2,662,220
	2,000,000		Wells Fargo & Co	1.500		01/16/18		2,003,280
	2,145,000		Westpac Banking Corp	3.000		08/04/15		2,265,480

			TOTAL BANKS					123,266,555


CAPITAL GOODS - 1.4%
	675,000	g	Alpek S.A. de C.V.	4.500		11/20/22		703,688
	2,250,000		Caterpillar Financial Services Corp	0.700		11/06/15		2,244,254
	2,850,000		Caterpillar Financial Services Corp	1.250		11/06/17		2,847,854
	3,125,000		Caterpillar, Inc	1.500		06/26/17		3,164,953
	1,000,000	g	Cemex Finance LLC	9.375		10/12/22		1,125,000
	1,250,000		Deere & Co	2.600		06/08/22		1,265,751
	375,000		Harsco Corp	5.125		09/15/13		383,887
	468,000		Huntington Ingalls Industries, Inc	6.875		03/15/18		508,950
	1,291,000	g	Myriad International Holding BV	6.375		07/28/17		1,455,602
	5,100,000	g	Schneider Electric S.A.	2.950		09/27/22		5,140,290
	2,000,000		Seagate HDD Cayman	7.750		12/15/18		2,197,500
	1,468,000	g	Sealed Air Corp	8.125		09/15/19		1,651,500
	1,468,000	g	Sealed Air Corp	8.375		09/15/21		1,677,190
	2,146,000		Tomkins LLC	9.000		10/01/18		2,403,520
	1,950,000	g	Turlock Corp	1.500		11/02/17		1,953,984
	675,000	g	Turlock Corp	4.000		11/02/32		694,245
	1,975,000		United Technologies Corp	1.800		06/01/17		2,032,982
	1,050,000		United Technologies Corp	4.500		06/01/42		1,166,719

			TOTAL CAPITAL GOODS					32,617,869

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
$	1,450,000		eBay, Inc	0.700	%	07/15/15	$	1,455,427
	2,200,000		eBay, Inc	1.350		07/15/17		2,225,621
	745,000	g	National Agricultural Cooperative Federation	4.250		01/28/16		795,435
	1,495,000		Republic Services, Inc	3.800		05/15/18		1,643,581
	2,400,000		Republic Services, Inc	3.550		06/01/22		2,502,278
	845,000		Republic Services, Inc	6.200		03/01/40		1,060,458
	1,500,000		Waste Management, Inc	2.600		09/01/16		1,571,354
	1,585,000		Waste Management, Inc	6.125		11/30/39		2,006,602

			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					13,260,756


CONSUMER DURABLES & APPAREL - 0.3%
	725,000	g	Grupo Aval Ltd	5.250		02/01/17		775,750
	2,870,000		Hanesbrands, Inc	6.375		12/15/20		3,157,000
	1,670,000		Phillips-Van Heusen Corp	7.375		05/15/20		1,872,487

			TOTAL CONSUMER DURABLES & APPAREL					5,805,237


CONSUMER SERVICES - 0.7%
	900,000		Ameristar Casinos, Inc	7.500		04/15/21		975,375
	1,350,000		DineEquity, Inc	9.500		10/30/18		1,533,938
	2,000,000		GlaxoSmithKline Capital plc	1.500		05/08/17		2,029,078
	1,775,000	g	SABMiller Holdings, Inc	3.750		01/15/22		1,916,700
	1,250,000	g	SABMiller Holdings, Inc	4.950		01/15/42		1,416,907
	1,900,000	g	Transnet Ltd	4.500		02/10/16		2,019,985
	1,325,000	g	Transnet SOC Ltd	4.000		07/26/22		1,333,281
	1,000,000		Walt Disney Co	0.450		12/01/15		995,074
	2,800,000		Walt Disney Co	1.125		02/15/17		2,802,128

			TOTAL CONSUMER SERVICES					15,022,466


DIVERSIFIED FINANCIALS - 9.1%
	750,000		Abbey National Treasury Services plc	4.000		04/27/16		793,033
	2,350,000	g	Ajecorp BV	6.500		05/14/22		2,538,000
	1,500,000		American Express Centurion Bank	0.875		11/13/15		1,498,897
	1,500,000		American Express Centurion Bank	6.000		09/13/17		1,813,471
	1,575,000	g	American Express Co	2.650		12/02/22		1,568,728
	2,975,000		American Express Credit Corp	1.750		06/12/15		3,037,308
	1,000,000		American Express Credit Corp	2.800		09/19/16		1,058,045
	2,325,000	g	Bangkok Bank PCL	2.750		03/27/18		2,351,472
	1,490,000	g	Bangkok Bank PCL	4.800		10/18/20		1,637,443
	2,710,000		Bank of America Corp	4.875		01/15/13		2,713,637
	4,775,000		Bank of America Corp	1.500		10/09/15		4,799,414
	1,690,000		Bank of America Corp	5.300		03/15/17		1,900,760
	5,750,000		Bank of America Corp	3.875		03/22/17		6,235,996
	1,125,000		Bank of America Corp	6.000		09/01/17		1,317,392
	1,160,000		Bank of America Corp	5.750		12/01/17		1,352,090
	5,375,000		Bank of America Corp	5.700		01/24/22		6,463,701
	2,150,000		Bank of America Corp	5.875		02/07/42		2,682,316
	1,250,000		Bank of New York Mellon Corp	1.200		02/20/15		1,263,421
	2,950,000		Bank of New York Mellon Corp	2.300		07/28/16		3,083,499
	1,200,000	i	Bank of New York Mellon Corp	1.969		06/20/17		1,237,555
	580,000		Bank of New York Mellon Corp	5.450		05/15/19		693,073
	1,950,000	g	BBVA Bancomer S.A.	4.500		03/10/16		2,071,875

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,300,000	g	BBVA Bancomer S.A.	6.750	%	09/30/22	$	2,587,500
	1,925,000		Berkshire Hathaway, Inc	1.900		01/31/17		1,989,915
	1,125,000		BlackRock, Inc	3.500		12/10/14		1,188,129
	1,400,000		BlackRock, Inc	4.250		05/24/21		1,579,199
	1,175,000		BlackRock, Inc	3.375		06/01/22		1,247,944
	890,000		Capital One Bank USA NA	8.800		07/15/19		1,205,146
	600,000		Capital One Financial Corp	3.150		07/15/16		637,012
	4,600,000		Capital One Financial Corp	4.750		07/15/21		5,304,545
	1,050,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.375		01/19/17		1,128,000
	1,750,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.875		02/08/22		1,883,217
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.950		11/09/22		384,013
	1,500,000		Credit Suisse	5.000		05/15/13		1,524,695
	1,420,000		Credit Suisse	5.500		05/01/14		1,510,870
	1,600,000		Ford Motor Credit Co LLC	4.250		02/03/17		1,714,066
	2,500,000		Ford Motor Credit Co LLC	3.000		06/12/17		2,568,563
	800,000		Ford Motor Credit Co LLC	6.625		08/15/17		934,773
	525,000		Ford Motor Credit Co LLC	4.250		09/20/22		555,127
	465,000		General Electric Capital Corp	2.800		01/08/13		465,132
	3,865,000		General Electric Capital Corp	1.875		09/16/13		3,903,117
	1,450,000		General Electric Capital Corp	2.300		04/27/17		1,503,477
	15,000,000		General Electric Capital Corp	1.600		11/20/17		15,009,735
	7,775,000		General Electric Capital Corp	4.650		10/17/21		8,871,555
	810,000		General Electric Capital Corp	6.875		01/10/39		1,101,032
	3,960,000		Goldman Sachs Group, Inc	3.300		05/03/15		4,127,338
	135,000		Goldman Sachs Group, Inc	6.450		05/01/36		148,073
	335,000		Goldman Sachs Group, Inc	6.750		10/01/37		379,665
	1,500,000		Goldman Sachs Group, Inc	6.250		02/01/41		1,840,382
	3,875,000		HSBC Finance Corp	4.750		07/15/13		3,955,871
	448,000	g	Hyundai Capital America, Inc	3.750		04/06/16		472,805
	600,000	g	Hyundai Capital Services, Inc	4.375		07/27/16		645,249
	400,000	g	Hyundai Capital Services, Inc	3.500		09/13/17		422,404
	575,000	g	International Lease Finance Corp	6.500		09/01/14		613,812
	4,850,000		International Lease Finance Corp	5.875		08/15/22		5,137,178
	400,000		Jefferies Group, Inc	6.250		01/15/36		414,000
	3,725,000		John Deere Capital Corp	0.875		04/17/15		3,741,379
	1,250,000		John Deere Capital Corp	0.950		06/29/15		1,256,932
	2,000,000		John Deere Capital Corp	1.400		03/15/17		2,019,118
	7,550,000		John Deere Capital Corp	2.750		03/15/22		7,694,137
	1,975,000		Landwirtschaftliche Rentenbank	5.125		02/01/17		2,316,359
	1,000,000	g	Lukoil International Finance BV	6.125		11/09/20		1,156,250
	802,000		MBNA Corp	6.125		03/01/13		808,741
	1,235,000		Merrill Lynch & Co, Inc	5.450		02/05/13		1,240,361
	1,565,000		Merrill Lynch & Co, Inc	6.400		08/28/17		1,837,866
	1,175,000		Merrill Lynch & Co, Inc	6.875		04/25/18		1,416,408
	3,000,000		Morgan Stanley	2.875		01/24/14		3,050,412
	2,000,000		Morgan Stanley	6.375		07/24/42		2,344,610
	445,000		NASDAQ OMX Group, Inc	5.550		01/15/20		484,754
	1,065,000		National Rural Utilities Cooperative Finance Corp	5.500		07/01/13		1,091,759
	565,000		National Rural Utilities Cooperative Finance Corp	10.375		11/01/18		835,193
	3,550,000	g	NongHyup Bank	2.250		09/19/17		3,547,419
	1,850,000		Northern Trust Corp	4.625		05/01/14		1,949,558
	1,385,000	g	Odebrecht Finance Ltd	5.125		06/26/22		1,502,725

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	900,000	g	Odebrecht Finance Ltd	7.125	%	06/26/42	$	1,044,000
	2,830,000	g	Reliance Holdings USA	4.500		10/19/20		2,963,197
	8,000,000		Royal Bank of Canada	1.200		09/19/17		8,019,200
	1,900,000		Sasol Financing International plc	4.500		11/14/22		1,909,500
	1,500,000		Sberbank of Russia Via SB Capital S.A.	5.180		06/28/19		1,642,500
	2,050,000	g	Sberbank of Russia Via SB Capital S.A.	6.125		02/07/22		2,342,125
	925,000		State Street Corp	4.300		05/30/14		974,923
	4,700,000	g	Temasek Financial I Ltd	2.375		01/23/23		4,629,058
	10,625,000		Toyota Motor Credit Corp	0.875		07/17/15		10,668,765
	1,250,000		Toyota Motor Credit Corp	2.050		01/12/17		1,292,824
	1,400,000	g	UBS AG.	1.875		01/23/15		1,434,062
	400,000		Waha Aerospace BV	3.925		07/28/20		433,500
	740,000	g	Waha Aerospace BV	3.925		07/28/20		801,975

			TOTAL DIVERSIFIED FINANCIALS					205,514,275


ENERGY - 5.2%
	1,275,000		Anadarko Petroleum Corp	5.950		09/15/16		1,467,692
	365,000		Anadarko Petroleum Corp	6.950		06/15/19		461,293
	625,000		Anadarko Petroleum Corp	6.450		09/15/36		782,979
	625,000		Apache Corp	1.750		04/15/17		641,789
	1,320,000		Apache Corp	4.750		04/15/43		1,436,961
	400,000		Baker Hughes, Inc	3.200		08/15/21		426,442
	1,715,000		Bill Barrett Corp	7.625		10/01/19		1,809,325
	5,400,000		BP Capital Markets plc	3.200		03/11/16		5,760,304
	3,500,000		BP Capital Markets plc	1.846		05/05/17		3,577,959
	3,500,000		Chevron Corp	2.355		12/05/22		3,505,743
	1,540,000		Cimarex Energy Co	5.875		05/01/22		1,686,300
	1,500,000		Cloud Peak Energy Resources LLC	8.250		12/15/17		1,605,000
	1,050,000	g	CNOOC Finance 2012 Ltd	3.875		05/02/22		1,115,812
	450,000	g	CNOOC Finance 2012 Ltd	5.000		05/02/42		522,624
	1,400,000		ConocoPhillips	4.600		01/15/15		1,512,974
	1,140,000		ConocoPhillips	6.500		02/01/39		1,616,678
	2,875,000		Devon Energy Corp	1.875		05/15/17		2,930,855
	1,400,000		Devon Energy Corp	3.250		05/15/22		1,461,167
	500,000		Devon Energy Corp	5.600		07/15/41		593,924
	725,000		Devon Energy Corp	4.750		05/15/42		775,615
	1,138,232		Dolphin Energy Ltd	5.888		06/15/19		1,283,356
	550,000	g	Dolphin Energy Ltd	5.500		12/15/21		641,437
	990,000	g	Empresa Nacional del Petroleo	6.250		07/08/19		1,138,272
	855,000	g	Empresa Nacional del Petroleo	4.750		12/06/21		916,238
	480,000		Enbridge Energy Partners LP	5.200		03/15/20		541,408
	335,000		Enterprise Products Operating LLC	5.600		10/15/14		362,656
	170,000		Enterprise Products Operating LLC	5.000		03/01/15		183,924
	575,000		Enterprise Products Operating LLC	4.050		02/15/22		635,584
	615,000		Enterprise Products Operating LLC	6.125		10/15/39		742,977
	705,000		Enterprise Products Operating LLC	5.950		02/01/41		851,125
	300,000		Enterprise Products Operating LLC	5.700		02/15/42		351,348
	1,500,000		Enterprise Products Operating LLC	4.450		02/15/43		1,518,761
	810,000		EOG Resources, Inc	4.100		02/01/21		923,574
	1,600,000	g	Gazprom Neft OAO	4.375		09/19/22		1,636,000
	1,450,000	g	Gazprom OAO Via Gaz Capital S.A.	4.950		05/23/16		1,556,938
	465,000		Hess Corp	8.125		02/15/19		611,990

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,295,000		Hess Corp	5.600	%	02/15/41	$	1,531,568
	1,200,000		Marathon Petroleum Corp	3.500		03/01/16		1,277,411
	1,200,000		Newfield Exploration Co	5.750		01/30/22		1,320,000
	400,000		Newfield Exploration Co	5.625		07/01/24		432,000
	500,000		Noble Holding International Ltd	3.450		08/01/15		526,888
	1,320,000		Noble Holding International Ltd	4.900		08/01/20		1,484,650
	1,800,000		Noble Holding International Ltd	3.950		03/15/22		1,894,162
	1,800,000	g	Novatek OAO via Novatek Finance Ltd	4.422		12/13/22		1,811,250
	365,000		Pemex Project Funding Master Trust	5.750		03/01/18		426,138
	400,000		Pemex Project Funding Master Trust	6.625		06/15/35		508,000
	250,000		Pemex Project Funding Master Trust	6.625		06/15/38		316,875
	1,775,000	g	Pertamina Persero PT	4.875		05/03/22		1,939,188
	1,800,000	g	Pertamina Persero PT	6.000		05/03/42		2,031,750
	1,500,000	g	Pertamina PT	5.250		05/23/21		1,672,500
	1,640,000		Petrobras International Finance Co	3.875		01/27/16		1,730,205
	1,800,000		Petrobras International Finance Co	3.500		02/06/17		1,887,745
	1,210,000		Petrobras International Finance Co	7.875		03/15/19		1,511,382
	1,048,000		Petrobras International Finance Co	6.875		01/20/40		1,331,343
	925,000		Petroleos Mexicanos	4.875		03/15/15		996,688
	170,000		Petroleos Mexicanos	8.000		05/03/19		222,275
	925,000		Petroleos Mexicanos	6.000		03/05/20		1,105,375
	735,000		Petroleos Mexicanos	5.500		01/21/21		858,847
	1,000,000		Petroleos Mexicanos	4.875		01/24/22		1,128,500
	1,175,000		Petroleos Mexicanos	5.500		06/27/44		1,292,500
	1,315,000	g	Petroleum Co of Trinidad & Tobago Ltd	9.750		08/14/19		1,747,635
	1,425,000	g	Petronas Capital Ltd	5.250		08/12/19		1,691,307
	1,400,000	g	Phillips 66	1.950		03/05/15		1,428,470
	1,200,000	g	Phillips 66	4.300		04/01/22		1,340,903
	1,825,000		Plains All American Pipeline LP	2.850		01/31/23		1,808,157
	625,000		Precision Drilling Corp	6.500		12/15/21		665,625
	675,000	g	PTTEP Canada International Finance Ltd	5.692		04/05/21		780,461
	957,000		Ras Laffan Liquefied Natural Gas Co Ltd	5.298		09/30/20		1,074,233
	1,600,000	g	Rosneft Oil Co via Rosneft International Finance Ltd	3.149		03/06/17		1,624,000
	2,000,000	g	Rosneft Oil Co via Rosneft International Finance Ltd	4.199		03/06/22		2,035,000
	1,870,000	g	SandRidge Energy, Inc	8.000		06/01/18		1,982,200
	1,325,000	g	Schlumberger Investment S.A.	2.400		08/01/22		1,313,666
	4,500,000		Southwestern Energy Co	7.500		02/01/18		5,514,552
	415,000		Statoil ASA	2.900		10/15/14		431,887
	675,000		Statoil ASA	1.200		01/17/18		675,125
	1,700,000		Statoil ASA	2.450		01/17/23		1,696,019
	2,000,000		Total Capital International S.A.	1.500		02/17/17		2,015,500
	150,000		TransCanada Pipelines Ltd	4.000		06/15/13		152,418
	1,915,000		TransCanada Pipelines Ltd	7.690		06/30/16		2,326,556
	660,000		TransCanada Pipelines Ltd	5.850		03/15/36		833,290
	235,000		Vale Overseas Ltd	5.625		09/15/19		267,197
	6,950,000		Vale Overseas Ltd	4.375		01/11/22		7,419,174
	480,000		Vale Overseas Ltd	6.875		11/21/36		594,998
	515,000		Valero Energy Corp	4.500		02/01/15		550,857
	1,500,000		WPX Energy, Inc	6.000		01/15/22		1,616,250

			TOTAL ENERGY					118,409,744

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

FOOD & STAPLES RETAILING - 0.5%
$	500,000		CVS Caremark Corp	3.250	%	05/18/15	$	530,086
	2,314,000		CVS Caremark Corp	5.750		06/01/17		2,766,551
	4,750,000		CVS Caremark Corp	4.125		05/15/21		5,357,663
	3,000,000		CVS Caremark Corp	2.750		12/01/22		3,011,163
	190,000		Kroger Co	5.000		04/15/13		192,427

			TOTAL FOOD & STAPLES RETAILING					11,857,890


FOOD, BEVERAGE & TOBACCO - 1.4%
	1,300,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.	3.375		11/01/22		1,280,500
	2,500,000		Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		2,647,748
	2,500,000		Anheuser-Busch InBev Worldwide, Inc	1.375		07/15/17		2,526,325
	5,090,000		Anheuser-Busch InBev Worldwide, Inc	2.500		07/15/22		5,121,863
	1,400,000		Anheuser-Busch InBev Worldwide, Inc	3.750		07/15/42		1,406,472
	1,025,000	g	BRF-Brasil Foods S.A.	5.875		06/06/22		1,130,063
	1,000,000		Coca-Cola Co	0.750		03/13/15		1,007,617
	1,500,000		Diageo Capital plc	1.500		05/11/17		1,521,210
	650,000		General Mills, Inc	5.200		03/17/15		713,884
	1,000,000		General Mills, Inc	3.150		12/15/21		1,045,289
	2,380,000	g	Grupo Bimbo SAB de C.V.	4.500		01/25/22		2,600,895
	850,000	g	Heineken NV	4.000		10/01/42		822,086
	1,250,000		HJ Heinz Co	1.500		03/01/17		1,267,414
	505,000		Kraft Foods, Inc	6.125		02/01/18		614,469
	1,450,000		Kraft Foods, Inc	5.375		02/10/20		1,750,529
	1,060,000		Kraft Foods, Inc	6.500		02/09/40		1,423,952
	105,000		PepsiAmericas, Inc	4.375		02/15/14		109,403
	78,000		PepsiCo, Inc	7.900		11/01/18		105,257
	468,000	g	Pernod-Ricard S.A.	5.750		04/07/21		559,787
	565,000		Philip Morris International, Inc	4.875		05/16/13		574,149
	1,110,000		Philip Morris International, Inc	6.875		03/17/14		1,195,201
	200,000		Philip Morris International, Inc	6.375		05/16/38		272,344
	1,400,000		TreeHouse Foods, Inc	7.750		03/01/18		1,519,000

			TOTAL FOOD, BEVERAGE & TOBACCO					31,215,457


HEALTH CARE EQUIPMENT & SERVICES - 0.8%
	600,000		Becton Dickinson and Co	1.750		11/08/16		617,720
	630,000		Boston Scientific Corp	4.500		01/15/15		669,655
	1,500,000		Covidien International Finance S.A.	1.350		05/29/15		1,520,298
	750,000		Covidien International Finance S.A.	3.200		06/15/22		785,173
	3,821,000	g	Fresenius Medical Care Capital Trust	5.750		02/15/21		4,088,470
	1,000,000	g	Fresenius Medical Care II	5.625		07/31/19		1,073,750
	1,130,000	g	Fresenius Medical Care US Finance, Inc	6.500		09/15/18		1,262,775
	3,600,000		HCA, Inc	6.500		02/15/20		4,050,000
	1,403,000		HCA, Inc	7.875		02/15/20		1,560,838
	925,000		McKesson Corp	0.950		12/04/15		926,301
	572,000		McKesson Corp	3.250		03/01/16		613,129
	675,000		McKesson Corp	2.700		12/15/22		675,222
	395,000		Medtronic, Inc	4.750		09/15/15		437,698
	605,000		Quest Diagnostics, Inc	6.400		07/01/17		712,719

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					18,993,748


HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,950,000		Colgate-Palmolive Co	2.300		05/03/22		1,967,002
	800,000		Ecolab, Inc	1.450		12/08/17		796,366

			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					2,763,368

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

INSURANCE - 2.5%
$	565,000		ACE INA Holdings, Inc	5.875	%	06/15/14	$	606,756
	750,000		Aetna, Inc	1.500		11/15/17		751,516
	310,000		Aetna, Inc	6.500		09/15/18		385,428
	285,000		Aetna, Inc	6.625		06/15/36		383,607
	775,000		Allstate Corp	7.450		05/16/19		1,016,312
	875,000		American Financial Group, Inc	9.875		06/15/19		1,135,961
	2,850,000		American International Group, Inc	3.650		01/15/14		2,926,223
	500,000		Chubb Corp	6.000		05/11/37		652,452
	235,000		CIGNA Corp	5.125		06/15/20		268,181
	2,000,000		CIGNA Corp	4.500		03/15/21		2,240,338
	1,125,000		Hartford Financial Services Group, Inc	4.000		03/30/15		1,188,772
	1,300,000		Hartford Financial Services Group, Inc	4.000		10/15/17		1,420,123
	1,275,000		Lincoln National Corp	7.000		06/15/40		1,659,470
	175,000	g	MetLife Institutional Funding II	1.625		04/02/15		178,283
	1,125,000		Metlife, Inc	6.750		06/01/16		1,332,389
	1,655,000		Metlife, Inc	5.700		06/15/35		2,020,672
	7,500,000		Metlife, Inc	4.125		08/13/42		7,501,005
	450,000		Principal Financial Group, Inc	1.850		11/15/17		452,381
	1,125,000	g	Principal Life Global Funding I	5.125		10/15/13		1,165,955
	1,500,000		Progressive Corp	3.750		08/23/21		1,649,000
	750,000		Prudential Financial, Inc	3.875		01/14/15		793,529
	630,000		Prudential Financial, Inc	7.375		06/15/19		800,016
	950,000		Prudential Financial, Inc	6.200		11/15/40		1,149,123
	5,750,000	i	Prudential Financial, Inc	5.625		06/15/43		5,958,725
	1,190,000	g	Prudential Funding LLC	6.750		09/15/23		1,411,290
	525,000	g	Swiss Re Treasury US Corp	2.875		12/06/22		525,399
	1,325,000	g	Swiss Re Treasury US Corp	4.250		12/06/42		1,312,986
	615,000		Travelers Cos, Inc	5.800		05/15/18		744,989
	1,450,000		UnitedHealth Group, Inc	0.850		10/15/15		1,454,743
	1,100,000		UnitedHealth Group, Inc	1.400		10/15/17		1,101,720
	1,375,000		UnitedHealth Group, Inc	3.950		10/15/42		1,369,214
	270,000		Unum Group	5.625		09/15/20		308,497
	500,000		WellPoint, Inc	5.875		06/15/17		593,442
	3,000,000		WellPoint, Inc	3.125		05/15/22		3,031,335
	435,000		WellPoint, Inc	5.850		01/15/36		513,522
	1,500,000		WellPoint, Inc	4.625		05/15/42		1,549,224
	3,350,000		Willis Group Holdings plc	4.125		03/15/16		3,573,174
	410,000		WR Berkley Corp	5.375		09/15/20		458,656

			TOTAL INSURANCE					55,584,408


MATERIALS - 2.6%
	170,000		Airgas, Inc	4.500		09/15/14		179,407
	2,300,000		Airgas, Inc	2.900		11/15/22		2,271,542
	1,410,000	g	Anglo American Capital plc	2.150		09/27/13		1,419,998
	1,050,000	g	Anglo American Capital plc	2.625		04/03/17		1,069,265
	1,800,000	g	Anglo American Capital plc	2.625		09/27/17		1,836,947
	310,000		ArcelorMittal	4.250		08/05/15		313,123
	750,000		ArcelorMittal	5.000		02/25/17		757,046

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	468,000		Ball Corp	6.750	%	09/15/20	$	515,970
	1,750,000		Barrick Gold Corp	3.850		04/01/22		1,852,421
	1,850,000		Barrick North America Finance LLC	4.400		05/30/21		2,028,780
	3,375,000	g	Braskem Finance Ltd	5.375		05/02/22		3,493,125
	2,000,000		CF Industries, Inc	6.875		05/01/18		2,443,226
	1,000,000		Clorox Co	3.800		11/15/21		1,088,998
	800,000		Corning, Inc	1.450		11/15/17		803,147
	1,475,000	g	Corp Nacional del Cobre de Chile-CODELCO	3.750		11/04/20		1,594,951
	1,650,000	g	Corp Nacional del Cobre de Chile-CODELCO	3.875		11/03/21		1,797,891
	650,000	g	Corp Nacional del Cobre de Chile-CODELCO	3.000		07/17/22		657,220
	4,025,000	g	Corp Nacional del Cobre de Chile-CODELCO	4.250		07/17/42		4,097,241
	468,000		Crown Americas LLC	6.250		02/01/21		513,045
	335,000		Eastman Chemical Co	5.500		11/15/19		391,226
	2,500,000		Freeport-McMoRan Copper & Gold, Inc	1.400		02/13/15		2,494,760
	468,000		Graphic Packaging International, Inc	9.500		06/15/17		505,440
	6,000,000		International Paper Co	4.750		02/15/22		6,789,216
	530,000		International Paper Co	7.300		11/15/39		718,447
	1,000,000		LyondellBasell Industries NV	5.000		04/15/19		1,105,000
	1,750,000		LyondellBasell Industries NV	6.000		11/15/21		2,051,875
	1,500,000		Newmont Mining Corp	3.500		03/15/22		1,547,046
	2,000,000		Praxair, Inc	2.450		02/15/22		2,010,178
	2,050,000		Precision Castparts Corp	2.500		01/15/23		2,063,136
	400,000		Precision Castparts Corp	3.900		01/15/43		410,354
	500,000		Rio Tinto Finance USA Ltd	2.250		09/20/16		518,714
	2,650,000		Sherwin-Williams Co	1.350		12/15/17		2,644,178
	1,305,000	g	Sociedad Quimica y Minera de Chile S.A.	5.500		04/21/20		1,476,632
	875,000		Teck Resources Ltd	2.500		02/01/18		893,206
	1,925,000		Teck Resources Ltd	3.750		02/01/23		1,974,432
	275,000		Teck Resources Ltd	6.000		08/15/40		311,256
	1,500,000		Teck Resources Ltd	5.400		02/01/43		1,586,963

			TOTAL MATERIALS					58,225,402


MEDIA - 3.0%
	2,000,000		AMC Entertainment, Inc	8.750		06/01/19		2,215,000
	1,125,000		CBS Corp	1.950		07/01/17		1,146,135
	3,960,000		CCO Holdings LLC	6.625		01/31/22		4,326,300
	44,000		Comcast Cable Communications Holdings, Inc	8.375		03/15/13		44,694
	2,500,000		Comcast Corp	4.650		07/15/42		2,635,157
	1,150,000		DIRECTV Holdings LLC	2.400		03/15/17		1,177,965
	2,375,000		DIRECTV Holdings LLC	3.800		03/15/22		2,450,181
	1,633,000		DIRECTV Holdings LLC	5.150		03/15/42		1,651,670
	1,200,000		Discovery Communications LLC	3.300		05/15/22		1,232,540
	1,000,000		Discovery Communications LLC	4.950		05/15/42		1,068,798
	1,770,000		DISH DBS Corp	4.625		07/15/17		1,845,225
	2,000,000	g	DISH DBS Corp	5.000		03/15/23		2,000,000
	1,000,000		Echostar DBS Corp	6.625		10/01/14		1,075,000
	4,650,000		Lamar Media Corp	9.750		04/01/14		5,091,750
	2,000,000		Lamar Media Corp	7.875		04/15/18		2,210,000
	10,375,000		NBC Universal Media LLC	2.875		01/15/23		10,419,146
	695,000		News America, Inc	7.250		05/18/18		874,956
	4,500,000	g	News America, Inc	3.000		09/15/22		4,520,255
	110,000		News America, Inc	7.625		11/30/28		141,787

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	85,000		News America, Inc	6.550	%	03/15/33	$	102,308
	730,000		News America, Inc	6.650		11/15/37		943,301
	600,000		News America, Inc	6.900		08/15/39		785,561
	965,000		Nielsen Finance LLC	7.750		10/15/18		1,078,388
	1,000,000	g	Nielsen Finance LLC	4.500		10/01/20		995,000
	990,000		Time Warner Cable, Inc	8.750		02/14/19		1,335,668
	2,075,000		Time Warner Cable, Inc	8.250		04/01/19		2,761,279
	1,700,000		Time Warner Cable, Inc	4.500		09/15/42		1,657,920
	960,000		Time Warner, Inc	3.150		07/15/15		1,015,195
	4,000,000		Time Warner, Inc	4.700		01/15/21		4,553,804
	565,000		Time Warner, Inc	6.500		11/15/36		706,730
	525,000		Time Warner, Inc	4.900		06/15/42		563,192
	2,450,000		Viacom, Inc	1.250		02/27/15		2,473,919
	1,585,000		Viacom, Inc	2.500		12/15/16		1,652,637

			TOTAL MEDIA					66,751,461


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.6%
	3,500,000	g	AbbVie, Inc	1.200		11/06/15		3,523,384
	2,775,000	g	AbbVie, Inc	1.750		11/06/17		2,805,184
	200,000	g	AbbVie, Inc	2.900		11/06/22		203,676
	4,500,000		Amgen, Inc	3.625		05/15/22		4,835,907
	6,405,000	g	Aristotle Holding, Inc	2.100		02/12/15		6,524,485
	1,775,000	g	Aristotle Holding, Inc	3.900		02/15/22		1,913,897
	2,000,000	g	CFR International S.p.A	5.125		12/06/22		2,073,572
	1,904,000		Endo Pharmaceuticals Holdings, Inc	7.000		07/15/19		2,030,140
	480,000		Life Technologies Corp	3.500		01/15/16		505,203
	1,450,000		Mead Johnson Nutrition Co	5.900		11/01/39		1,758,105
	875,000		Merck & Co, Inc	3.600		09/15/42		863,318
	1,828,000	g	Mylan, Inc	7.875		07/15/20		2,160,259
	1,350,000		NBTY, Inc	9.000		10/01/18		1,525,500
	2,180,000		Novartis Capital Corp	2.900		04/24/15		2,291,740
	575,000		Novartis Capital Corp	3.700		09/21/42		572,508
	650,000		Watson Pharmaceuticals, Inc	1.875		10/01/17		658,547
	875,000		Watson Pharmaceuticals, Inc	3.250		10/01/22		893,242

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					35,138,667


REAL ESTATE - 1.2%
	220,000		AMB Property LP	7.625		08/15/14		240,661
	345,000		AMB Property LP	4.500		08/15/17		376,223
	1,750,000		AvalonBay Communities, Inc	2.850		03/15/23		1,727,716
	2,500,000		Brandywine Operating Partnership LP	4.950		04/15/18		2,734,395
	630,000		Camden Property Trust	4.625		06/15/21		694,618
	2,000,000		Developers Diversified Realty Corp	4.750		04/15/18		2,216,546
	40,000		Federal Realty Investment Trust	5.650		06/01/16		44,999
	75,000		Federal Realty Investment Trust	5.900		04/01/20		88,550
	450,000		Federal Realty Investment Trust	3.000		08/01/22		445,442
	2,250,000		HCP, Inc	2.625		02/01/20		2,241,218
	500,000		Healthcare Realty Trust, Inc	5.750		01/15/21		561,942
	2,250,000		Highwoods Properties, Inc	5.850		03/15/17		2,537,543
	2,068,000		Host Hotels & Resorts LP	5.875		06/15/19		2,254,120
	290,000		Kilroy Realty Corp	5.000		11/03/15		316,348
	2,375,000		Liberty Property LP	4.125		06/15/22		2,496,310

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	175,000		Liberty Property LP	3.375	%	06/15/23	$	173,156
	650,000		National Retail Properties, Inc	5.500		07/15/21		740,495
	55,000		Nationwide Health Properties, Inc	6.250		02/01/13		55,224
	350,000		Regency Centers LP	5.250		08/01/15		381,657
	40,000		Regency Centers LP	5.875		06/15/17		46,261
	105,000		Simon Property Group LP	5.250		12/01/16		120,134
	2,075,000		Simon Property Group LP	2.800		01/30/17		2,189,511
	470,000		Simon Property Group LP	10.350		04/01/19		672,094
	1,000,000		Simon Property Group LP	2.750		02/01/23		999,439
	340,000		Ventas Realty LP	3.125		11/30/15		358,439
	1,050,000		Ventas Realty LP	2.000		02/15/18		1,050,678
	750,000		Ventas Realty LP	4.000		04/30/19		806,206
	350,000		Ventas Realty LP	4.250		03/01/22		371,156

			TOTAL REAL ESTATE					26,941,081


RETAILING - 1.3%
	1,870,000		AmeriGas Partners LP	6.250		08/20/19		2,000,900
	1,667,000		AutoNation, Inc	5.500		02/01/20		1,789,941
	1,868,000		Limited Brands, Inc	6.625		04/01/21		2,138,860
	425,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		499,381
	2,725,000		Macy’s Retail Holdings, Inc	3.875		01/15/22		2,904,493
	5,050,000		Macy’s Retail Holdings, Inc	2.875		02/15/23		4,945,127
	1,660,000		O’Reilly Automotive, Inc	4.625		09/15/21		1,817,697
	4,488,000		O’Reilly Automotive, Inc	3.800		09/01/22		4,669,701
	4,490,000	g	QVC Inc	7.375		10/15/20		4,995,740
	2,400,000	g	QVC, Inc	7.500		10/01/19		2,647,965
	375,000	g	QVC, Inc	5.125		07/02/22		393,070
	350,000		Wal-Mart Stores, Inc	4.250		04/15/21		406,467
	705,000		Wal-Mart Stores, Inc	5.000		10/25/40		853,019

			TOTAL RETAILING					30,062,361


SOFTWARE & SERVICES - 1.0%
	1,780,000		Baidu, Inc	2.250		11/28/17		1,791,036
	1,800,000		Fidelity National Information Services, Inc	5.000		03/15/22		1,930,500
	4,000,000		International Business Machines Corp	0.550		02/06/15		4,000,744
	2,375,000		International Business Machines Corp	1.250		02/06/17		2,400,078
	2,750,000		Microsoft Corp	2.125		11/15/22		2,723,064
	630,000		Oracle Corp	3.750		07/08/14		661,419
	2,725,000		Oracle Corp	1.200		10/15/17		2,733,088
	4,375,000		Oracle Corp	2.500		10/15/22		4,414,414
	2,000,000		SunGard Data Systems, Inc	7.375		11/15/18		2,142,500

			TOTAL SOFTWARE & SERVICES					22,796,843


TECHNOLOGY HARDWARE & EQUIPMENT - 1.0%
	1,125,000		Amphenol Corp	4.750		11/15/14		1,198,696
	1,870,000		Brocade Communications Systems, Inc	6.875		01/15/20		2,014,925
	100,000	g	CC Holdings GS V LLC	2.381		12/15/17		100,489
	1,000,000	g	CC Holdings GS V LLC	3.849		04/15/23		1,017,311
	4,925,000		General Electric Co	0.850		10/09/15		4,942,361
	415,000		General Electric Co	5.250		12/06/17		489,347
	1,950,000		General Electric Co	2.700		10/09/22		1,987,649
	850,000		General Electric Co	4.125		10/09/42		874,351

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE		VALUE

$	650,000		Hewlett-Packard Co	2.350	%	03/15/15	$	652,894
	1,868,000		Jabil Circuit, Inc	5.625		12/15/20		2,073,480
	1,185,000		L-3 Communications Corp	4.950		02/15/21		1,337,042
	1,900,000		Scientific Games Corp	8.125		09/15/18		2,090,000
	468,000		Scientific Games Corp	9.250		06/15/19		520,650
	450,000		Xerox Corp	8.250		05/15/14		490,854
	2,500,000		Xerox Corp	4.500		05/15/21		2,647,117

			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					22,437,166


TELECOMMUNICATION SERVICES - 2.4%
	2,715,000		America Movil SAB de C.V.	3.125		07/16/22		2,759,656
	1,225,000		America Movil SAB de C.V.	4.375		07/16/42		1,272,934
	900,000		American Tower Corp	4.700		03/15/22		995,773
	2,635,000		AT&T, Inc	2.500		08/15/15		2,747,193
	6,000,000		AT&T, Inc	2.950		05/15/16		6,352,332
	3,450,000		AT&T, Inc	2.625		12/01/22		3,455,675
	1,700,000		AT&T, Inc	6.300		01/15/38		2,179,783
	1,218,000	g	AT&T, Inc	4.350		06/15/45		1,223,476
	1,500,000		Axiata SPV1 (Labuan) Ltd	5.375		04/28/20		1,707,045
	1,235,000		BellSouth Corp	5.200		09/15/14		1,326,533
	2,260,000		Cellco Partnership	8.500		11/15/18		3,109,082
	250,000	g	Deutsche Telekom International Finance BV	2.250		03/06/17		256,372
	630,000		Deutsche Telekom International Finance BV	8.750		06/15/30		943,894
	875,000	g	Deutsche Telekom International Finance BV	4.875		03/06/42		934,051
	2,760,000	g	Oi S.A.	5.750		02/10/22		2,877,300
	775,000	g	SK Telecom Co Ltd	2.125		05/01/18		779,238
	240,000		Sprint Nextel Corp	6.000		12/01/16		261,000
	680,000		Telecom Italia Capital S.A.	6.175		06/18/14		716,720
	1,510,000		Telecom Italia Capital S.A.	6.999		06/04/18		1,725,930
	1,095,000		Telecom Italia Capital S.A.	7.175		06/18/19		1,270,748
	2,500,000		Telefonica Emisiones SAU	3.992		02/16/16		2,601,250
	650,000		Telefonica Emisiones SAU	5.462		02/16/21		693,063
	925,000		Telefonos de Mexico SAB de C.V.	5.500		11/15/19		1,085,931
	760,000		Verizon Communications, Inc	5.250		04/15/13		770,404
	3,000,000		Verizon Communications, Inc	0.700		11/02/15		3,000,753
	1,110,000		Verizon Communications, Inc	6.100		04/15/18		1,364,842
	276,000		Verizon Communications, Inc	8.750		11/01/18		383,218
	2,500,000		Verizon Communications, Inc	2.450		11/01/22		2,500,835
	445,000		Verizon New England, Inc	4.750		10/01/13		458,802
	1,300,000	g	Vimpelcom Holdings	6.255		03/01/17		1,391,000
	1,500,000	g	Vimpelcom Holdings	7.504		03/01/22		1,719,375
	250,000		Virgin Media Finance plc	5.250		02/15/22		265,000
	1,000,000		Virgin Media Secured Finance plc	5.250		01/15/21		1,167,631

			TOTAL TELECOMMUNICATION SERVICES					54,296,839


TRANSPORTATION - 1.1%
	1,635,000	g	Asciano Finance	5.000		04/07/18		1,766,842
	1,500,000		Burlington Northern Santa Fe LLC	3.450		09/15/21		1,614,333
	1,400,000		Burlington Northern Santa Fe LLC	5.050		03/01/41		1,589,323
	1,375,000		CSX Corp	4.100		03/15/44		1,357,319
	1,750,000	g	DP World Ltd	6.850		07/02/37		2,049,688
	335,000		Embraer Overseas Ltd	6.375		01/15/20		386,925

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE		VALUE

$	3,675,000		Embraer S.A.	5.150	%	06/15/22	$	4,024,125
	700,000	g	ERAC USA Finance LLC	3.300		10/15/22		708,714
	750,000	g	ERAC USA Finance LLC	5.625		03/15/42		830,913
	1,000,000		Hertz Corp	7.500		10/15/18		1,105,000
	1,390,000	g	Kazakhstan Temir Zholy Finance BV	6.375		10/06/20		1,681,900
	1,050,000	g	Kazakhstan Temir Zholy Finance BV	6.950		07/10/42		1,320,375
	415,000		Norfolk Southern Corp	5.750		04/01/18		495,617
	1,100,000		Norfolk Southern Corp	3.000		04/01/22		1,128,317
	746,000	g	Norfolk Southern Corp	2.903		02/15/23		750,920
	160,000		Norfolk Southern Corp	5.590		05/17/25		196,489
	1,275,000	g	TAM Capital 3, Inc	8.375		06/03/21		1,405,688
	1,525,000		Union Pacific Corp	4.750		09/15/41		1,710,593
	1,125,000		United Parcel Service, Inc	3.625		10/01/42		1,101,054

			TOTAL TRANSPORTATION					25,224,135


UTILITIES - 4.4%
	675,000	g	Abu Dhabi National Energy Co	2.500		01/12/18		681,750
	1,000,000	g	Abu Dhabi National Energy Co	6.250		09/16/19		1,201,250
	726,000	g	Abu Dhabi National Energy Co	5.875		12/13/21		866,481
	2,125,000	g	Abu Dhabi National Energy Co	3.625		01/12/23		2,188,750
	1,385,000		AES Corp	7.375		07/01/21		1,537,350
	730,000		AGL Capital Corp	5.250		08/15/19		870,052
	1,285,000		Alliant Energy Corp	4.000		10/15/14		1,354,103
	2,000,000		American Electric Power Co, Inc	2.950		12/15/22		2,000,640
	775,000		Atmos Energy Corp	8.500		03/15/19		1,040,699
	2,525,000	g	Calpine Corp	7.500		02/15/21		2,790,125
	1,515,000		Carolina Power & Light Co	5.300		01/15/19		1,822,048
	225,000		Carolina Power & Light Co	5.700		04/01/35		274,426
	159,000		CenterPoint Energy Resources Corp	4.500		01/15/21		180,823
	660,000		CenterPoint Energy Resources Corp	6.250		02/01/37		820,408
	1,350,000	g	Centrais Eletricas Brasileiras S.A.	5.750		10/27/21		1,451,250
	2,000,000	g	CEZ AS.	4.250		04/03/22		2,140,880
	820,000	g	CEZ AS.	5.625		04/03/42		951,468
	550,000	g	China Resources Gas Group Ltd	4.500		04/05/22		604,939
	1,300,000	g	Colbun S.A.	6.000		01/21/20		1,446,003
	3,550,000	g	Comision Federal de Electricidad	4.875		05/26/21		4,020,375
	675,000	g	Comision Federal de Electricidad	5.750		02/14/42		764,437
	1,850,000		Commonwealth Edison Co	4.000		08/01/20		2,068,084
	395,000		Commonwealth Edison Co	5.900		03/15/36		509,576
	415,000		Connecticut Light & Power Co	5.500		02/01/19		497,834
	275,000		Consolidated Edison Co of New York, Inc	4.450		06/15/20		319,845
	640,000		Consolidated Edison Co of New York, Inc	5.700		06/15/40		817,246
	225,000		Consolidated Natural Gas Co	5.000		12/01/14		241,988
	750,000		Detroit Edison Co	3.950		06/15/42		759,948
	650,000		Dominion Resources, Inc	4.050		09/15/42		641,773
	1,160,000		Duke Energy Carolinas LLC	5.750		11/15/13		1,211,886
	260,000		Duke Energy Carolinas LLC	4.300		06/15/20		296,445
	2,000,000		Duke Energy Corp	3.950		09/15/14		2,106,110
	1,164,000	g	Eskom Holdings Ltd	5.750		01/26/21		1,319,685
	335,000		Florida Power Corp	6.400		06/15/38		451,212
	1,410,000		FPL Group Capital, Inc	2.600		09/01/15		1,469,049
	630,000		Indiana Michigan Power Co	7.000		03/15/19		796,159

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	555,000		Integrys Energy Group, Inc	4.170	%	11/01/20	$	618,586
	1,150,000	g	Israel Electric Corp Ltd	6.700		02/10/17		1,242,000
	2,000,000	g	Israel Electric Corp Ltd	7.250		01/15/19		2,173,000
	195,000	g	Kansas Gas & Electric	6.700		06/15/19		248,222
	1,000,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		1,068,999
	775,000		Kinder Morgan Energy Partners LP	9.000		02/01/19		1,044,583
	1,955,000	g	Korea Hydro & Nuclear Power Co Ltd	3.125		09/16/15		2,041,407
	1,710,000	g	Korea Hydro & Nuclear Power Co Ltd	4.750		07/13/21		1,934,231
	2,085,000	g	Korea Hydro & Nuclear Power Co Ltd	3.000		09/19/22		2,051,052
	4,030,000		LG&E and KU Energy LLC	3.750		11/15/20		4,255,926
	1,500,000	g	Majapahit Holding BV	7.750		01/20/20		1,886,250
	1,160,000		Midamerican Energy Holdings Co	5.950		05/15/37		1,432,257
	185,000		National Fuel Gas Co	5.250		03/01/13		186,370
	630,000		Nevada Power Co	6.500		08/01/18		791,561
	1,335,000		NiSource Finance Corp	5.400		07/15/14		1,422,652
	1,975,000		Northern States Power Co	5.350		11/01/39		2,470,046
	150,000		Oncor Electric Delivery Co LLC	7.250		01/15/33		196,401
	1,000,000		Oncor Electric Delivery Co LLC	4.550		12/01/41		1,012,224
	950,000		ONEOK Partners LP	3.375		10/01/22		968,093
	695,000		Pacific Gas & Electric Co	8.250		10/15/18		946,264
	500,000		PacifiCorp	6.000		01/15/39		663,385
	885,000		Pepco Holdings, Inc	2.700		10/01/15		916,078
	2,700,000	g	Perusahaan Listrik Negara PT	5.500		11/22/21		3,051,000
	1,425,000	g	Perusahaan Listrik Negara PT	5.250		10/24/42		1,467,750
	1,450,000		PG&E Corp	5.750		04/01/14		1,536,791
	135,000		Potomac Electric Power Co	7.900		12/15/38		218,786
	3,875,000		PPL Capital Funding, Inc	4.200		06/15/22		4,167,183
	1,000,000		PPL Electric Utilities Corp	3.000		09/15/21		1,059,266
	565,000		Progress Energy, Inc	7.050		03/15/19		710,072
	1,780,000		Public Service Co of Oklahoma	5.150		12/01/19		2,078,138
	440,000		Public Service Electric & Gas Co	5.300		05/01/18		528,144
	1,190,000		Public Service Electric & Gas Co	5.375		11/01/39		1,493,233
	1,500,000		QEP Resources, Inc	5.375		10/01/22		1,608,750
	468,000		Questar Market Resources, Inc	6.875		03/01/21		539,370
	970,000		San Diego Gas & Electric Co	3.950		11/15/41		999,827
	630,000		Sempra Energy	6.000		10/15/39		796,493
	450,000		Tampa Electric Co	4.100		06/15/42		471,826
	430,000		Veolia Environnement	5.250		06/03/13		436,669
	850,000		Virginia Electric and Power Co	4.750		03/01/13		856,017
	845,000		Virginia Electric and Power Co	2.950		01/15/22		889,848
	480,000		Williams Partners LP	3.800		02/15/15		507,546
	850,000		Williams Partners LP	4.000		11/15/21		909,157
	950,000		Williams Partners LP	3.350		08/15/22		965,952
	940,000		Williams Partners LP	6.300		04/15/40		1,149,183
	650,000		Xcel Energy, Inc	4.800		09/15/41		729,391

			TOTAL UTILITIES					99,255,076


			TOTAL CORPORATE BONDS					1,078,832,332

			(Cost $1,016,744,224)

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

GOVERNMENT BONDS - 34.6%

AGENCY SECURITIES - 0.3%
$	5,222,182		AMAL Ltd	3.465	%	08/21/21	$	5,664,808
	940,308		Cal Dive I- Title XI, Inc	4.930		02/01/27		1,084,856
	468,125		Totem Ocean Trailer Express, Inc	4.514		12/18/19		505,838

			TOTAL AGENCY SECURITIES					7,255,502


FOREIGN GOVERNMENT BONDS - 4.9%
	1,500,000	g	Barbados Government International Bond	7.000		08/04/22		1,522,500
	475,000		Brazilian Government International Bond	5.875		01/15/19		587,575
	1,760,000		Brazilian Government International Bond	2.625		01/05/23		1,767,040
	170,000		Brazilian Government International Bond	7.125		01/20/37		260,100
	1,970,000		Brazilian Government International Bond	5.625		01/07/41		2,580,700
	805,000		Chile Government International Bond	3.875		08/05/20		907,638
	515,000		Chile Government International Bond	2.250		10/30/22		511,138
	875,000		Colombia Government International Bond	4.375		07/12/21		1,007,562
	800,000		Colombia Government International Bond	6.125		01/18/41		1,098,400
	3,350,000	g	Costa Rica Government International Bond	4.250		01/26/23		3,380,150
	2,450,000	g	Croatia Government International Bond	6.250		04/27/17		2,686,425
	1,000,000	g	Croatia Government International Bond	6.375		03/24/21		1,137,500
	3,135,000		Eksportfinans ASA	2.000		09/15/15		3,000,715
	1,550,000	g	El Salvador Government International Bond	5.875		01/30/25		1,567,050
	395,000		European Investment Bank	4.875		02/15/36		468,479
	3,325,000		Export-Import Bank of Korea	1.250		11/20/15		3,330,526
	580,000		Export-Import Bank of Korea	3.750		10/20/16		623,178
	1,425,000		Export-Import Bank of Korea	5.125		06/29/20		1,637,465
	1,965,000		Export-Import Bank of Korea	4.375		09/15/21		2,171,101
	300,000		Federative Republic of Brazil	6.000		01/17/17		354,000
	1,000,000	g	Iceland Government International Bond	4.875		06/16/16		1,050,658
	1,220,000	g	Iceland Government International Bond	5.875		05/11/22		1,362,069
	1,000,000	g	Indonesia Government International Bond	3.750		04/25/22		1,066,250
	2,010,000		Israel Government International Bond	4.000		06/30/22		2,188,388
	845,000		Italy Government International Bond	5.375		06/12/17		904,319
	355,000		Italy Government International Bond	6.875		09/27/23		412,281
	2,075,000		Korea Development Bank	3.000		09/14/22		2,066,982
	1,210,000	g	Korea Housing Finance Corp	3.500		12/15/16		1,282,570
	1,000,000	g	Lithuania Government International Bond	5.125		09/14/17		1,127,500
	615,000	g	Lithuania Government International Bond	6.625		02/01/22		786,462
	20,900,000		Mexican Bonos	7.750		12/14/17		1,799,729
	3,000,000		Mexico Government International Bond	3.625		03/15/22		3,281,250
	500,000		Mexico Government International Bond	6.750		09/27/34		720,000
	1,000,000		Mexico Government International Bond	6.050		01/11/40		1,341,000
	900,000		Mexico Government International Bond	4.750		03/08/44		1,017,000
	2,850,000	g	Mongolia Government International Bond	5.125		12/05/22		2,793,000
	2,550,000	g	Morocco Government International Bond	4.250		12/11/22		2,569,125
	800,000	g	Morocco Government International Bond	5.500		12/11/42		818,000
	800,000	g	Namibia International Bonds	5.500		11/03/21		896,000
	2,000,000	g	Nederlandse Waterschapsbank NV	2.125		02/09/17		2,072,880
	1,500,000		Panama Government International Bond	5.200		01/30/20		1,791,750
	100,000		Peruvian Government International Bond	7.125		03/30/19		130,900
	450,000		Peruvian Government International Bond	7.350		07/21/25		652,050
	1,500,000		Poland Government International Bond	3.875		07/16/15		1,608,750
	1,250,000		Poland Government International Bond	6.375		07/15/19		1,558,400

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,833,000		Poland Government International Bond	5.125	%	04/21/21	$	2,173,938
	250,000		Poland Government International Bond	5.000		03/23/22		295,250
	3,220,000		Poland Government International Bond	3.000		03/17/23		3,211,950
	620,000		Province of Quebec Canada	7.500		09/15/29		942,283
	1,390,000	g	Qatar Government International Bond	4.500		01/20/22		1,595,025
	620,000	g	Qatar Government International Bond	6.400		01/20/40		866,884
	880,000	g	Republic of Ghana	8.500		10/04/17		1,016,400
	1,050,000	g	Republic of Indonesia	5.250		01/17/42		1,219,312
	925,000		Republic of Korea	5.750		04/16/14		981,594
	3,500,000	g	Republic of Latvia	2.750		01/12/20		3,461,500
	2,075,000	g	Republic of Serbia	5.250		11/21/17		2,152,813
	860,000	g	Republic of Serbia	7.250		09/28/21		989,000
	900,000		Republic of Turkey	6.000		01/14/41		1,122,750
	1,825,000	g	Republic of Zambia	5.375		09/20/22		1,818,156
	900,000	g	Romanian Government International Bond	6.750		02/07/22		1,093,500
	750,000	g	Russian Foreign Bond - Eurobond	3.625		04/29/15		792,375
	750,000	g	Russian Foreign Bond - Eurobond	3.250		04/04/17		796,875
	800,000	g	Russian Foreign Bond - Eurobond	5.000		04/29/20		944,000
	900,000	g	Russian Foreign Bond - Eurobond	4.500		04/04/22		1,030,500
	1,470,000	g	Russian Foreign Bond - Eurobond	5.625		04/04/42		1,826,475
	1,500,000	g	Slovakia Government International Bond	4.375		05/21/22		1,633,980
	240,000		South Africa Government International Bond	6.875		05/27/19		300,960
	1,175,000		South Africa Government International Bond	5.500		03/09/20		1,392,375
	1,000,000		South Africa Government International Bond	4.665		01/17/24		1,130,000
	500,000		South Africa Government International Bond	6.250		03/08/41		662,500
	2,000,000	g	Sri Lanka Government International Bond	6.250		07/27/21		2,179,058
	875,000	g	Sri Lanka Government International Bond	5.875		07/25/22		931,875
	1,220,000		Svensk Exportkredit AB	5.125		03/01/17		1,417,152
	227,000		United Mexican States	5.875		02/17/14		238,350
	500,000		United Mexican States	5.950		03/19/19		615,000
	1,032,000		United Mexican States	5.125		01/15/20		1,233,240
	3,500,000		Uruguay Government International Bond	4.125		11/20/45		3,494,750

			TOTAL FOREIGN GOVERNMENT BONDS					109,456,375


MORTGAGE BACKED - 26.7%
	403,920	i	Federal Home Loan Mortgage Corp (FHLMC)	2.386		02/01/36		428,376
	170,029	i	FHLMC	2.850		07/01/36		181,840
	402,055	i	FHLMC	2.605		09/01/36		428,981
	569,286	i	FHLMC	2.637		09/01/36		608,294
	392,140	i	FHLMC	2.794		09/01/36		414,563
	1,027,774	i	FHLMC	2.890		03/01/37		1,098,828
	703,561	i	FHLMC	5.925		04/01/37		764,232
	172,752	i	FHLMC	5.921		05/01/37		186,607
	111,585	i	FHLMC	2.760		06/01/37		119,027
	508,790	i	FHLMC	3.407		08/01/37		539,388
	512,967	i	FHLMC	2.070		09/01/37		540,047
	8,883,672	i	FHLMC (Interest Only)	6.351		09/15/41		2,175,448
	12,140		Federal Home Loan Mortgage Corp Gold (FGLMC)	7.500		01/01/16		12,330
	853		FGLMC	7.500		05/01/16		917
	930		FGLMC	7.500		06/01/16		994
	547,719		FGLMC	4.500		09/01/18		595,099
	621,083		FGLMC	4.500		01/01/19		677,139

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	718,234		FGLMC	4.500	%	05/01/19	$	765,552
	211,784		FGLMC	4.500		01/01/20		225,736
	377,060		FGLMC	5.000		05/01/20		407,792
	88,294		FGLMC	4.500		07/01/20		95,932
	13,697		FGLMC	7.000		10/01/20		15,958
	1,963,743		FGLMC	4.500		06/01/21		2,096,183
	1,085,141		FGLMC	4.500		06/01/21		1,158,326
	850,235		FGLMC	4.000		07/01/24		899,141
	263,886		FGLMC	4.500		09/01/24		280,776
	3,000,000	h	FGLMC	5.000		01/15/28		3,213,516
	716		FGLMC	6.500		10/01/28		818
	16,121		FGLMC	6.500		01/01/29		18,368
	3,986		FGLMC	6.500		03/01/29		4,685
	35,271		FGLMC	6.500		07/01/29		41,297
	2,846		FGLMC	8.000		01/01/31		3,491
	26,356		FGLMC	6.500		09/01/31		30,574
	46,468		FGLMC	8.000		09/01/31		57,630
	273,999		FGLMC	7.000		12/01/31		324,722
	405,567		FGLMC	6.000		03/01/33		450,990
	423,834		FGLMC	4.500		07/01/33		456,137
	1,092,072		FGLMC	5.000		09/01/33		1,216,197
	360,472		FGLMC	5.500		09/01/33		404,167
	474,473		FGLMC	5.500		09/01/33		531,988
	478,224		FGLMC	5.500		09/01/33		539,480
	681,648		FGLMC	5.500		10/01/33		764,275
	1,269,670		FGLMC	5.500		12/01/33		1,383,105
	2,017,443		FGLMC	7.000		12/01/33		2,390,921
	631,916		FGLMC	5.000		01/01/34		686,299
	705,970		FGLMC	5.000		05/01/34		763,196
	452,984		FGLMC	6.000		09/01/34		498,338
	1,878,885		FGLMC	5.000		12/01/34		2,031,188
	183,242		FGLMC	5.500		12/01/34		202,877
	1,028,513		FGLMC	4.500		04/01/35		1,106,260
	815,301		FGLMC	6.000		05/01/35		896,931
	837,210		FGLMC	7.000		05/01/35		992,198
	158,873		FGLMC	6.000		07/01/35		173,985
	93,307		FGLMC	5.500		08/01/35		101,352
	138,370		FGLMC	5.000		10/01/35		149,413
	211,552		FGLMC	5.000		02/01/36		228,436
	52,575		FGLMC	6.500		05/01/36		59,798
	365,340		FGLMC	6.500		10/01/36		415,533
	959,213		FGLMC	5.500		04/01/37		1,036,218
	740,424		FGLMC	6.000		08/01/37		814,557
	312,124		FGLMC	6.000		09/01/37		343,375
	60,393		FGLMC	6.500		11/01/37		68,733
	870,590		FGLMC	5.000		04/01/38		958,355
	1,882,961		FGLMC	4.500		05/01/39		2,020,590
	379,317		FGLMC	4.000		06/01/39		405,061
	666,038		FGLMC	5.000		07/01/39		716,697
	4,387,085		FGLMC	4.500		11/01/40		4,924,358
	4,956,263		FGLMC	4.500		12/01/40		5,541,557
	5,000,000	h	FGLMC	4.000		01/15/43		5,337,500

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,262		Federal National Mortgage Association (FNMA)	5.000	%	06/01/13	$	1,304
	1,162,046		FNMA	4.440		07/01/13		1,161,644
	722		FNMA	6.000		09/01/13		724
	945,795		FNMA	4.764		10/01/13		965,833
	706		FNMA	6.500		12/01/13		720
	800,272		FNMA	4.801		02/01/14		819,214
	3,424,999		FNMA	4.640		11/01/14		3,605,318
	8,346		FNMA	6.500		10/01/16		8,929
	76,528		FNMA	6.500		11/01/16		81,874
	48,741		FNMA	6.500		04/01/17		52,845
	153,904		FNMA	5.000		12/01/17		167,253
	68,376		FNMA	5.500		04/01/18		73,617
	728,913		FNMA	5.500		04/01/18		789,690
	44,243		FNMA	5.500		05/01/18		47,634
	274,657		FNMA	4.500		10/01/18		296,206
	738,838		FNMA	5.000		11/01/18		802,924
	38,285		FNMA	6.000		01/01/19		41,820
	87,227		FNMA	4.500		05/01/19		94,071
	221,481		FNMA	4.500		06/01/19		238,858
	158,616		FNMA	5.000		03/01/20		172,375
	113,412		FNMA	4.500		11/01/20		122,310
	291,757		FNMA	5.000		12/01/20		317,064
	254,404		FNMA	5.000		03/01/21		276,470
	199,960		FNMA	5.500		08/01/21		216,632
	181,950		FNMA	4.500		06/01/23		195,828
	455,202		FNMA	5.000		07/01/23		492,908
	320,181		FNMA	5.000		07/01/23		346,703
	144,886		FNMA	5.000		11/01/23		159,211
	128,704		FNMA	5.500		02/01/24		141,128
	210,720		FNMA	4.000		05/01/24		225,771
	73,175		FNMA	5.500		07/01/24		80,239
	1,235		FNMA	8.000		07/01/24		1,477
	200,399		FNMA	4.500		08/01/24		215,652
	1,688,103		FNMA	4.000		09/01/24		1,808,679
	843,724		FNMA	5.000		03/01/25		925,036
	1,826,602		FNMA	5.000		10/01/25		2,002,637
	944,523		FNMA	3.000		05/01/27		1,014,801
	12,000,000	h	FNMA	2.500		01/25/28		12,547,500
	11,000,000	h	FNMA	3.000		01/25/28		11,610,157
	11,000,000	h	FNMA	4.000		01/25/28		11,778,593
	4,000,000	h	FNMA	4.500		01/25/28		4,302,500
	1,110		FNMA	7.500		01/01/29		1,334
	2,875		FNMA	6.500		04/01/29		3,325
	11,878		FNMA	7.500		07/01/29		12,379
	849		FNMA	7.500		07/01/29		851
	587		FNMA	7.500		02/01/31		624
	4,674		FNMA	7.500		03/01/31		5,707
	2,663		FNMA	7.500		05/01/31		2,919
	2,014		FNMA	6.500		09/01/31		2,380
	24,647		FNMA	6.500		11/01/31		28,209
	52,945		FNMA	6.000		01/01/32		59,294
	423,776		FNMA	6.500		07/01/32		482,723

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	176,471		FNMA	5.500	%	01/01/33	$	193,947
	72,529		FNMA	5.000		02/01/33		79,020
	555,123		FNMA	4.500		03/25/33		576,309
	254,514		FNMA	5.000		08/01/33		277,292
	191,753		FNMA	5.000		10/01/33		208,915
	300,747		FNMA	5.000		10/01/33		327,663
	71,502		FNMA	5.000		03/01/34		77,901
	113,915		FNMA	5.000		03/01/34		124,111
	241,235		FNMA	5.000		03/01/34		262,825
	85,698		FNMA	5.000		03/01/34		93,368
	696,227		FNMA	5.000		04/01/34		756,798
	1,996,835		FNMA	5.000		08/01/34		2,170,147
	342,347		FNMA	6.000		11/01/34		379,820
	106,896		FNMA	6.000		12/01/34		119,369
	647,021		FNMA	6.000		05/01/35		720,942
	16,571		FNMA	7.500		06/01/35		18,441
	70,826		FNMA	5.500		10/01/35		80,142
	89,346		FNMA	5.000		11/01/35		96,365
	647,950	i	FNMA	2.705		02/01/36		687,217
	158,342		FNMA	5.000		02/01/36		169,693
	1,307		FNMA	5.000		02/01/36		1,401
	415,948		FNMA	6.500		02/01/36		469,408
	395,737	i	FNMA	2.760		07/01/36		423,215
	370,671		FNMA	6.500		09/01/36		417,041
	108,025		FNMA	7.000		02/01/37		128,574
	273,157		FNMA	6.500		03/01/37		306,993
	645,017		FNMA	7.000		04/01/37		767,719
	857,669		FNMA	6.500		08/01/37		963,777
	230,103		FNMA	6.500		08/01/37		258,786
	549,015		FNMA	6.000		09/01/37		626,974
	389,077		FNMA	6.000		09/01/37		436,400
	718,479		FNMA	6.500		09/01/37		807,367
	1,102,446	i	FNMA	2.481		10/01/37		1,184,592
	187,972		FNMA	7.000		11/01/37		223,730
	105,940		FNMA	6.500		01/01/38		124,823
	16,695		FNMA	6.500		03/01/38		18,757
	256,527	i	FNMA	4.917		10/01/38		274,944
	2,129,899		FNMA	5.500		08/01/39		2,363,731
	57,734,299		FNMA	4.000		12/01/39		61,896,112
	5,000,000		FNMA	4.000		02/25/40		5,414,085
	4,362,624		FNMA	4.500		03/01/40		4,843,613
	4,215,733		FNMA	4.500		09/01/40		4,568,546
	7,782,634		FNMA	4.500		09/01/40		8,433,960
	679,512		FNMA	4.000		11/01/40		729,156
	4,049,674		FNMA	4.500		11/01/40		4,446,804
	29,225,741		FNMA	4.500		04/01/41		31,726,430
	11,701,332		FNMA	3.500		02/01/42		12,704,657
	6,755,568		FNMA	3.500		07/01/42		7,288,377
	10,961,474		FNMA	3.500		09/01/42		11,901,360
	3,983,621		FNMA	3.500		10/01/42		4,305,276
	19,052,692		FNMA	3.500		11/01/42		20,686,357
	10,115,369		FNMA	3.500		11/01/42		10,913,164

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	49,000,000	h	FNMA	3.000	%	01/25/43	$	51,342,813
	45,000,000	h	FNMA	5.000		01/25/43		48,740,625
	26,000,000	h	FNMA	5.500		01/25/43		28,246,561
	31,000,000	h	FNMA	6.000		01/25/43		33,857,812
	10,000,000	h	FNMA	6.500		01/25/43		11,132,812
	194		Government National Mortgage Association (GNMA)	7.000		01/15/28		233
	1,863		GNMA	7.000		02/15/28		2,229
	1,850		GNMA	7.000		06/15/28		2,214
	655		GNMA	7.000		06/15/28		783
	4,099		GNMA	6.500		09/15/28		4,743
	20,800		GNMA	6.500		09/15/28		24,068
	10,112		GNMA	6.500		11/15/28		11,886
	3,376		GNMA	7.500		11/15/28		3,922
	606		GNMA	8.500		07/15/30		617
	18,680		GNMA	8.500		10/15/30		20,348
	12,919		GNMA	8.500		10/20/30		16,189
	1,832		GNMA	8.500		12/15/30		2,122
	2,953		GNMA	7.000		06/20/31		3,566
	2,096		GNMA	6.500		07/15/31		2,485
	11,130		GNMA	7.000		07/15/31		13,266
	7,505		GNMA	7.000		07/15/31		8,946
	9,951		GNMA	7.500		02/15/32		10,265
	1,470		GNMA	6.500		03/15/33		1,751
	285,278		GNMA	5.500		07/15/33		315,199
	816,024		GNMA	5.500		09/15/33		927,114
	232,702		GNMA	5.500		02/20/35		258,795
	1,538,596		GNMA	5.500		05/20/35		1,711,123
	532,970		GNMA	5.500		02/20/36		599,524
	89,782		GNMA	6.000		10/20/36		100,424
	92,703		GNMA	6.000		01/20/37		103,691
	307,251		GNMA	6.000		02/20/37		343,670
	154,115		GNMA	5.500		07/15/38		169,123
	719,588		GNMA	5.500		07/20/38		789,778
	12,949		GNMA	6.000		08/15/38		14,456
	273,045		GNMA	6.000		08/20/38		304,726
	279,044		GNMA	6.500		11/20/38		316,807
	1,454,059		GNMA	5.000		06/15/39		1,624,064
	1,526,196		GNMA	4.500		07/20/39		1,674,318
	582,834		GNMA	4.000		08/15/39		641,423
	756,146		GNMA	4.000		10/15/40		839,956
	22,700,873		GNMA	4.000		01/20/42		24,732,666
	28,307,554		GNMA	3.500		03/15/42		30,785,067
	6,000,000	h	GNMA	6.000		01/15/43		6,693,281
	17,000,000	h	GNMA	4.500		01/20/43		18,612,345
	13,000,000	h	GNMA	5.000		01/20/43		14,216,718
	2,550,091		GNMA	6.500		01/15/44		2,752,462

			TOTAL MORTGAGE BACKED					604,879,966


MUNICIPAL BONDS - 0.5%
	445,000		Charlotte-Mecklenburg Hospital Authority	5.000		08/01/15		479,256
	1,655,000		Grant County Public Utility District No 2	5.630		01/01/27		2,059,465
	1,900,000		State of California	5.450		04/01/15		2,086,922

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,900,000		State of California	5.950	%	04/01/16	$	2,131,192
	2,470,000		State of California	7.625		03/01/40		3,568,409

			TOTAL MUNICIPAL BONDS					10,325,244


U.S. TREASURY SECURITIES - 2.2%
	76,000		United States Treasury Bond	4.500		02/15/36		100,023
	2,030,000		United States Treasury Bond	2.750		08/15/42		1,960,219
	1,000,000		United States Treasury Bond	2.750		11/15/42		963,438
	45,127,000	l	United States Treasury Note	0.375		11/15/15		45,169,329
	1,756,000		United States Treasury Note	0.625		11/30/17		1,750,102
	44,000		United States Treasury Note	2.625		11/15/20		48,290

			TOTAL U.S. TREASURY SECURITIES					49,991,401


			TOTAL GOVERNMENT BONDS					781,908,488

			(Cost $758,876,384)

STRUCTURED ASSETS - 13.4%

ASSET BACKED - 7.5%
	50,000	g,i,m	ARTS Ltd	0.558		06/15/13		48,500
			Series - 2005 BA (Class B)
	55,677	g	Asset Backed Funding Corp NIM Trust	5.900		07/26/35		0
			Series - 2006 WMC1 (Class N1)
	550,000	g	Avis Budget Rental Car Funding AESOP LLC	2.980		11/20/14		552,940
			Series - 2011 1A (Class B)
	9,300,000	g	Avis Budget Rental Car Funding AESOP LLC	4.740		11/20/17		10,023,196
			Series - 2011 3A (Class B)
	9,800,000	g	Avis Budget Rental Car Funding AESOP LLC	3.040		03/20/19		9,809,388
			Series - 2012 3A (Class B)
	611,108	i	Bear Stearns Asset Backed Securities Trust	0.580		11/25/39		585,658
			Series - 2005 SD3 (Class 2A1)
	11,450,000	g,i,m	BlueMountain CLO Ltd	3.364		07/20/23		11,621,750
			Series - 2012 1A (Class B)
	12,924,766	g,m	Capital Automotive REIT	4.700		07/15/42		13,209,515
			Series - 2012 1A (Class A)
	12,800,000	g,m	Carlyle Global Market Strategies	4.370		07/20/23		12,838,400
			Series - 2012 2A (Class B2)
	397,489	i	CIT Group Home Equity Loan Trust	6.200		02/25/30		396,245
			Series - 2002 1 (Class AF6)
	5,800,000	g,m	Commercial Industrial Finance Corp	2.661		08/14/24		5,887,000
			Series - 2012 1A (Class A1F)
	288,603	i	Countrywide Asset-Backed Certificates	5.683		10/25/46		288,467
			Series - 2006 15 (Class A2)
	376,303	g,i	Credit-Based Asset Servicing and Securitization LLC	6.159		12/25/36		364,200
			Series - 2007 MX1 (Class A1)
	6,410,000	g,i	DB/UBS Mortgage Trust	5.557		11/10/46		7,516,392
			Series - 2011 LC1A (Class C)
	12,082,525	g	Dominos Pizza Master Issuer LLC	5.216		01/25/42		13,578,040
			Series - 2012 1A (Class A2)
	5,000,000	g,m	Dryden XXIII Senior Loan Fund	4.070		07/17/23		5,087,500
			Series - 2012 23A (Class A2B)
	1,373,692	g,i	Flagstar Home Equity Loan Trust	5.781		01/25/35		1,350,987
			Series - 2007 1A (Class AF3)

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	11,440,000		Ford Credit Auto Owner Trust	2.930	%	10/15/18	$	11,777,915
			Series - 2012 B (Class D)
	7,800,000		Ford Credit Auto Owner Trust	2.430		01/15/19		7,899,356
			Series - 2012 C (Class D)
	2,800,000	g	Ford Credit Floorplan Master Owner Trust	2.960		02/15/16		2,833,177
			Series - 2011 1 (Class D)
	5,900,000	g	Hertz Vehicle Financing LLC	4.170		03/25/16		6,132,501
			Series - 2011 1A (Class B1)
	9,285,000	g	Hertz Vehicle Financing LLC	5.930		03/25/16		9,933,854
			Series - 0 2A (Class B2)
	3,207,159		Lehman XS Trust	6.500		06/25/46		1,986,293
			Series - 2006 13 (Class 2A1)
	324,659	i	Long Beach Mortgage Loan Trust	0.960		02/25/35		321,218
			Series - 2005 1 (Class M1)
	430,010	i	Park Place Securities, Inc	1.155		09/25/34		427,790
			Series - 2004 WHQ1 (Class M1)
	1,000,000	g	Rental Car Finance Corp	4.380		02/25/16		1,048,082
			Series - 2011 1A (Class B1)
	93,519	i	Residential Asset Securities Corp	6.489		10/25/30		91,145
			Series - 2001 KS2 (Class AI6)
	351,014	i	Residential Asset Securities Corp	0.640		04/25/35		343,224
			Series - 2005 KS3 (Class M3)
	1,281,190		Residential Funding Mortgage Securities II, Inc	5.500		08/25/25		1,275,483
			Series - 2006 HI5 (Class A3)
	745,167		Residential Funding Mortgage Securities II, Inc	5.960		02/25/36		768,705
			Series - 2006 HI3 (Class A3)
	185,000	i	Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		184,063
			Series - 2006 HI1 (Class M2)
	695,350	i	Securitized Asset Backed Receivables LLC	0.510		10/25/35		668,892
			Series - 2006 OP1 (Class A2C)
	2,161,506	g	Sierra Receivables Funding Co LLC	3.350		04/20/26		2,241,049
			Series - 2011 1A (Class A)
	1,803,579	g	Sierra Receivables Funding Co LLC	4.230		04/20/26		1,845,884
			Series - 2011 1A (Class B)
	1,572,113	g	Sierra Receivables Funding Co LLC	4.250		05/20/28		1,596,638
			Series - 2011 2A (Class B)
	1,090,806	g,m	Sierra Receivables Funding Co LLC	4.360		07/20/28		1,123,313
			Series - 2011 3A (Class B)
	5,313,554	g	Sierra Receivables Funding Co LLC	3.420		03/20/29		5,444,066
			Series - 2012 2A (Class B)
	4,715,000	g	SLM Student Loan Trust	4.370		04/17/28		5,203,238
			Series - 2011 A (Class A2)
	1,480,000	g	SLM Student Loan Trust	3.740		02/15/29		1,604,333
			Series - 2011 B (Class A2)
	5,213,000	g	SLM Student Loan Trust	4.540		10/17/44		5,824,120
			Series - 2011 C (Class A2B)
	4,233,000	g	SLM Student Loan Trust	3.830		01/17/45		4,571,890
			Series - 2012 A (Class A2)
	832,039	i	Soundview Home Equity Loan Trust	0.510		11/25/35		805,883
			Series - 2005 OPT3 (Class A4)
	299,222	i	Structured Asset Investment Loan Trust	0.610		05/25/35		296,945
			Series - 2005 4 (Class M1)

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	532,899	i	Structured Asset Investment Loan Trust	0.490	%	12/25/35	$	529,223
			Series - 2005 10 (Class A5)
	298,956	g,i	Wachovia Loan Trust	0.570		05/25/35		253,396
			Series - 2005 SD1 (Class A)
	364,083	i	Wells Fargo Home Equity Trust	0.350		07/25/36		359,567
			Series - 2006 2 (Class A3)
	565,000		World Financial Network Credit Card Master Trust	6.750		04/15/19		623,224
			Series - 2010 A (Class B)

			TOTAL ASSET BACKED					171,172,645


OTHER MORTGAGE BACKED - 5.9%
	6,500,000	g	7 WTC Depositor LLC Trust	4.082		03/13/31		6,862,537
			Series - 2012 7WTC (Class A)
	8,706,000		Banc of America Commercial Mortgage, Inc	5.675		07/10/46		9,844,318
			Series - 2006 4 (Class AM)
	4,590,000	i	Bear Stearns Commercial Mortgage Securities	5.582		09/11/41		5,127,255
			Series - 2006 PW13 (Class AM)
	5,025,000	i	Bear Stearns Commercial Mortgage Securities	5.568		10/12/41		5,635,834
			Series - 2006 T24 (Class AM)
	116,261		Citicorp Mortgage Securities, Inc	5.750		11/25/36		117,101
			Series - 2006 6 (Class A2)
	23,059	g,i	Citigroup Commercial Mortgage Trust	0.349		04/15/22		22,783
			Series - 2007 FL3A (Class A2)
	2,260,000	i	Commercial Mortgage Pass Through Certificates	5.650		12/10/49		2,584,089
			Series - 2007 C9 (Class AM)
	707,579		Countrywide Alternative Loan Trust	5.500		08/25/16		731,979
			Series - 2004 30CB (Class 1A15)
	636,458		Countrywide Home Loan Mortgage Pass Through Trust	5.250		02/25/16		647,438
			Series - 2005 6 (Class 1A10)
	223,294		Countrywide Home Loan Mortgage Pass Through Trust	5.250		05/25/35		224,264
			Series - 2005 12 (Class 1A5)
	27,718		Countrywide Home Loan Mortgage Pass Through Trust	5.500		09/25/35		27,684
			Series - 2005 J3 (Class 1A1)
	411,843	g,i	Credit Suisse Mortgage Capital Certificates	0.389		04/15/22		391,227
			Series - 2007 TF2A (Class A1)
	1,600,000	g	Credit Suisse Mortgage Capital Certificates	5.626		05/15/23		1,826,285
			Series - 2006 OMA (Class D)
	1,050,000	g	Credit Suisse Mortgage Capital Certificates	5.383		02/15/40		1,097,642
			Series - 2009 RR1 (Class A3C)
	580,000		CS First Boston Mortgage Securities Corp	4.052		05/15/38		584,277
			Series - 2003 C3 (Class B)
	1,390,000	g	GS Mortgage Securities Corp II	2.933		06/05/31		1,465,167
			Series - 2012 SHOP (Class A)
	4,255,000	g	GS Mortgage Securities Corp II	3.551		04/10/34		4,596,379
			Series - 2012 ALOH (Class A)
	12,600,000	g	GS Mortgage Securities Corp II	4.049		04/10/34		13,685,389
			Series - 2012 ALOH (Class B)
	1,375,000	g,i,m	GS Mortgage Securities Corp II	4.276		04/10/34		1,435,772
			Series - 2012 GSMS (Class C)
	795,000	g,i	GS Mortgage Securities Corp II	5.227		12/10/43		889,856
			Series - 2010 C2 (Class C)

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,170,000	g,i	GS Mortgage Securities Corp II	5.227	%	12/10/43	$	1,361,851
			Series - 2010 C2 (Class B)
	999,642	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	0.584		07/15/19		973,567
			Series - 2007 FL1A (Class A1)
	5,360,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		05/15/45		6,021,579
			Series - 2006 LDP8 (Class AM)
	1,010,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	5.252		07/15/46		1,112,649
			Series - 2011 C4 (Class C)
	88,822	i	JP Morgan Mortgage Trust	4.295		04/25/35		89,966
			Series - 2005 A2 (Class 5A1)
	155,429		MASTER Asset Securitization Trust	5.000		05/25/35		155,598
			Series - 2005 1 (Class 2A5)
	571,063	i	Merrill Lynch Mortgage Trust	5.107		07/12/38		622,862
			Series - 2005 CIP1 (Class AM)
	2,675,000	g,i	Morgan Stanley Capital I	5.254		09/15/47		3,001,342
			Series - 2011 C1 (Class C)
	550,000	g,i	Morgan Stanley Capital I	5.254		09/15/47		585,723
			Series - 2011 C1 (Class D)
	415,000	i	Morgan Stanley Capital I	5.544		11/12/49		452,194
			Series - 2007 T25 (Class AM)
	1,419,530		Residential Accredit Loans, Inc	4.350		03/25/34		1,456,507
			Series - 2004 QS4 (Class A1)
	2,657,055	i	Residential Accredit Loans, Inc	0.400		05/25/46		1,770,773
			Series - 2006 QO5 (Class 2A1)
	1,982,814	g,i	Springleaf Mortgage Loan Trust	2.667		09/25/57		2,006,183
			Series - 2012 1A (Class A)
	911,839	g,i	Springleaf Mortgage Loan Trust	2.220		10/25/57		939,285
			Series - 0 2A (Class A)
	65,592	i	Structured Adjustable Rate Mortgage Loan Trust	0.970		03/25/35		65,551
			Series - 2005 6XS (Class A3)
	20,165,000		Wachovia Bank Commercial Mortgage Trust	5.342		12/15/43		23,103,928
			Series - 2007 C30 (Class A5)
	21,325,000		Wachovia Bank Commercial Mortgage Trust	5.383		12/15/43		22,748,337
			Series - 2007 C30 (Class AM)
	4,857,000	i	Wachovia Bank Commercial Mortgage Trust	5.968		06/15/45		5,485,564
			Series - 2006 C26 (Class AM)
	1,200,000		Wachovia Bank Commercial Mortgage Trust	5.500		04/15/47		1,385,684
			Series - 2007 C31 (Class A5)
	1,765,000		Wachovia Bank Commercial Mortgage Trust	5.339		11/15/48		1,979,483
			Series - 2006 C29 (Class AM)
	45,992		Wells Fargo Mortgage Backed Securities Trust	5.500		04/25/35		45,932
			Series - 2005 2 (Class 1A1)

			TOTAL OTHER MORTGAGE BACKED					133,161,834


			TOTAL STRUCTURED ASSETS					304,334,479

			(Cost $294,249,182)

			TOTAL BONDS					2,165,075,299

			(Cost $2,069,869,790)

TIAA-CREF FUNDS - Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

SHORT-TERM INVESTMENTS - 18.1%

GOVERNMENT AGENCY DEBT - 0.1%
$	2,500,000		Federal Home Loan Bank (FHLB)	0.060	%	02/05/13	$	2,499,854

			TOTAL GOVERNMENT AGENCY DEBT					2,499,854


TREASURY DEBT - 18.0%
	8,700,000		United States Treasury Bill	0.025		01/10/13		8,699,946
	84,400,000	d	United States Treasury Bill	0.024-0.100		01/17/13		84,396,996
	30,000,000	d	United States Treasury Bill	0.117		02/07/13		29,996,393
	25,000,000	d	United States Treasury Bill	0.038-0.090		03/07/13		24,998,550
	30,000,000		United States Treasury Bill	0.045		03/14/13		29,997,930
	49,000,000	d	United States Treasury Bill	0.080		03/28/13		48,995,933
	50,000,000	d	United States Treasury Bill	0.100		04/04/13		49,992,000
	81,000,000		United States Treasury Bill	0.080		05/02/13		80,977,077
	50,000,000	d	United States Treasury Bill	0.076		06/06/13		49,977,949

			TOTAL TREASURY DEBT					408,032,774


			TOTAL SHORT-TERM INVESTMENTS					410,532,628

			(Cost $410,526,679)

			TOTAL INVESTMENTS - 113.8%					2,575,607,927
			(Cost $2,480,396,469)
			OTHER ASSETS & LIABILITIES, NET - (13.8)%					(312,999,977	)

			NET ASSETS - 100.0%				$	2,262,607,950



				Abbreviation(s):
	REIT			Real Estate Investment Trust

	d			All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.
	g			Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 12/31/2012, the aggregate value of these securities amounted to $499,149,347 or 22.1% 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 reflects the rate at period end.
	l			All or a portion of these securities have been segregated by the custodian to cover collateral requirements on swap agreements.
	m			Indicates a security that has been deemed illiquid.

TIAA-CREF FUNDS - Bond Index Fund

TIAA-CREF FUNDS
BOND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BONDS - 99.3%

CORPORATE BONDS - 22.9%

AUTOMOBILES & COMPONENTS - 0.1%
$	50,000		BorgWarner, Inc	4.625	%	09/15/20	$	55,020
	500,000		Ford Motor Co	7.450		07/16/31		635,000
	400,000		Honeywell International, Inc	5.400		03/15/16		457,521
	300,000		Honeywell International, Inc	5.300		03/01/18		358,615
	400,000		Honeywell International, Inc	5.000		02/15/19		475,703
	282,000		Honeywell International, Inc	5.700		03/15/37		371,427
	210,000		Johnson Controls, Inc	5.500		01/15/16		237,047
	150,000		Johnson Controls, Inc	2.600		12/01/16		156,267
	160,000		Johnson Controls, Inc	4.250		03/01/21		175,153
	270,000		Johnson Controls, Inc	6.000		01/15/36		321,019

			TOTAL AUTOMOBILES & COMPONENTS					3,242,772


BANKS - 2.3%
	100,000		Allied World Assurance Co Ltd	7.500		08/01/16		118,152
	1,800,000		Asian Development Bank	0.875		06/10/14		1,814,058
	1,750,000		Asian Development Bank	2.500		03/15/16		1,861,482
	2,000,000		Asian Development Bank	1.125		03/15/17		2,036,318
	75,000		Asian Development Bank	5.820		06/16/28		98,531
	200,000	g	Banco de Credito e Inversiones	3.000		09/13/17		203,811
	500,000		Banco do Brasil S.A.	3.875		01/23/17		522,500
	100,000		Bancolombia S.A.	4.250		01/12/16		104,500
	200,000		Bancolombia S.A.	5.950		06/03/21		231,000
	450,000		Bancolombia S.A.	5.125		09/11/22		468,000
	500,000		BB&T Corp	5.200		12/23/15		557,431
	100,000		BB&T Corp	3.200		03/15/16		106,435
	200,000		BB&T Corp	2.150		03/22/17		206,856
	70,000		BB&T Corp	4.900		06/30/17		79,110
	150,000		BB&T Corp	1.600		08/15/17		151,801
	300,000		BB&T Corp	1.450		01/12/18		301,340
	400,000		BB&T Corp	6.850		04/30/19		509,359
	200,000		BB&T Corp	3.950		03/22/22		215,977
	150,000		BBVA US Senior SAU	3.250		05/16/14		150,134
	500,000		BBVA US Senior SAU	4.664		10/09/15		512,658
	460,000		BHP Billiton Finance Ltd	5.400		03/29/17		539,272
	400,000		BHP Billiton Finance USA Ltd	5.500		04/01/14		424,876
	300,000		BHP Billiton Finance USA Ltd	1.000		02/24/15		302,223
	500,000		BHP Billiton Finance USA Ltd	1.625		02/24/17		511,293
	450,000		BHP Billiton Finance USA Ltd	6.500		04/01/19		573,885
	100,000		BHP Billiton Finance USA Ltd	3.250		11/21/21		107,625
	800,000		BHP Billiton Finance USA Ltd	2.875		02/24/22		835,296
	200,000		BHP Billiton Finance USA Ltd	4.125		02/24/42		212,336
	300,000		Citigroup, Inc	2.250		08/07/15		307,238

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	1,396,000	Citigroup, Inc	6.000	%	12/13/13	$	1,462,817
	528,000	Citigroup, Inc	5.500		10/15/14		566,460
	350,000	Citigroup, Inc	2.650		03/02/15		360,418
	1,750,000	Citigroup, Inc	3.953		06/15/16		1,883,632
	200,000	Citigroup, Inc	4.450		01/10/17		221,560
	11,000	Citigroup, Inc	6.000		08/15/17		12,960
	915,000	Citigroup, Inc	6.125		11/21/17		1,088,994
	407,000	Citigroup, Inc	6.125		05/15/18		487,753
	2,810,000	Citigroup, Inc	5.375		08/09/20		3,311,439
	3,900,000	Citigroup, Inc	4.500		01/14/22		4,351,246
	1,070,000	Citigroup, Inc	6.875		03/05/38		1,408,609
	200,000	Citigroup, Inc	5.875		01/30/42		246,829
	250,000	Comerica Bank	5.750		11/21/16		289,255
	50,000	Comerica Bank	5.200		08/22/17		57,900
	200,000	Compass Bank	5.500		04/01/20		198,264
	700,000	Deutsche Bank AG	3.875		08/18/14		734,783
	900,000	Deutsche Bank AG	3.450		03/30/15		948,913
	600,000	Deutsche Bank AG	3.250		01/11/16		634,920
	215,000	Discover Bank	7.000		04/15/20		266,965
	450,000	Fifth Third Bancorp	3.625		01/25/16		480,791
	200,000	Fifth Third Bancorp	3.500		03/15/22		209,615
	140,000	Fifth Third Bancorp	8.250		03/01/38		200,196
	250,000	Fifth Third Bank	4.750		02/01/15		268,151
	100,000	First Horizon National Corp	5.375		12/15/15		109,317
	200,000	First Niagara Financial Group, Inc	7.250		12/15/21		238,584
	600,000	HSBC Bank USA NA	4.625		04/01/14		626,816
	750,000	HSBC Bank USA NA	4.875		08/24/20		835,829
	266,000	HSBC Bank USA NA	5.875		11/01/34		312,224
	33,000	HSBC Bank USA NA	7.000		01/15/39		44,612
	150,000	HSBC Holdings plc	4.875		01/14/22		174,085
	1,925,000	HSBC Holdings plc	6.500		09/15/37		2,402,764
	550,000	HSBC Holdings plc	6.100		01/14/42		731,812
	700,000	HSBC USA, Inc	2.375		02/13/15		720,038
	500,000	HSBC USA, Inc	1.625		01/16/18		500,454
	2,475,000	JPMorgan Chase & Co	2.050		01/24/14		2,513,724
	634,000	JPMorgan Chase & Co	5.125		09/15/14		674,287
	225,000	JPMorgan Chase & Co	3.700		01/20/15		236,898
	800,000	JPMorgan Chase & Co	1.875		03/20/15		814,383
	1,610,000	JPMorgan Chase & Co	3.400		06/24/15		1,698,642
	700,000	JPMorgan Chase & Co	5.150		10/01/15		769,403
	500,000	JPMorgan Chase & Co	1.100		10/15/15		499,985
	1,250,000	JPMorgan Chase & Co	3.450		03/01/16		1,327,514
	300,000	JPMorgan Chase & Co	3.150		07/05/16		317,835
	850,000	JPMorgan Chase & Co	2.000		08/15/17		868,272
	335,000	JPMorgan Chase & Co	6.000		01/15/18		401,058
	180,000	JPMorgan Chase & Co	4.950		03/25/20		208,782
	700,000	JPMorgan Chase & Co	4.400		07/22/20		790,191
	1,820,000	JPMorgan Chase & Co	4.250		10/15/20		2,024,071
	750,000	JPMorgan Chase & Co	4.625		05/10/21		855,127
	1,950,000	JPMorgan Chase & Co	4.350		08/15/21		2,180,562
	1,000,000	JPMorgan Chase & Co	4.500		01/24/22		1,131,237
	2,150,000	JPMorgan Chase & Co	3.250		09/23/22		2,214,029

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	958,000		JPMorgan Chase & Co	5.500	%	10/15/40	$	1,171,112
	200,000		JPMorgan Chase & Co	5.400		01/06/42		241,021
	50,000		KeyBank NA	5.800		07/01/14		53,558
	600,000		KeyCorp	3.750		08/13/15		642,079
	150,000		KeyCorp	5.100		03/24/21		174,751
	280,000	i	Manufacturers & Traders Trust Co	5.629		12/01/21		288,107
	250,000		National Australia Bank	2.000		03/09/15		255,980
	250,000		National Australia Bank	2.750		03/09/17		262,976
	250,000		National Australia Bank Ltd	1.600		08/07/15		253,755
	250,000		National Bank of Canada	1.500		06/26/15		254,283
	500,000		National Bank of Canada	1.450		11/07/17		500,557
	600,000		Nordic Investment Bank	3.625		06/17/13		609,312
	500,000		Nordic Investment Bank	2.250		03/15/16		527,350
	500,000		Nordic Investment Bank	0.750		01/17/18		497,250
	350,000		Northern Trust Corp	2.375		08/02/22		345,818
	100,000		People’s United Financial, Inc	3.650		12/06/22		100,520
	750,000		PNC Bank NA	2.700		11/01/22		750,238
	150,000	i	PNC Financial Services Group, Inc	2.854		11/09/22		150,873
	580,000		PNC Funding Corp	5.400		06/10/14		618,613
	700,000		PNC Funding Corp	2.700		09/19/16		739,567
	645,000		PNC Funding Corp	5.125		02/08/20		767,115
	50,000		PNC Funding Corp	4.375		08/11/20		57,028
	400,000		PNC Funding Corp	3.300		03/08/22		421,686
	740,000		Rabobank Nederland NV	2.125		10/13/15		763,756
	250,000		Regions Financial Corp	7.750		11/10/14		277,200
	1,250,000		Royal Bank of Scotland Group plc	2.550		09/18/15		1,279,262
	250,000		Royal Bank of Scotland Group plc	6.400		10/21/19		295,410
	150,000		Santander Holdings USA, Inc	3.000		09/24/15		152,751
	250,000		Sovereign Bank	8.750		05/30/18		294,370
	250,000		Sumitomo Mitsui Banking Corp	1.800		07/18/17		254,762
	250,000		Sumitomo Mitsui Banking Corp	3.200		07/18/22		256,294
	100,000		SunTrust Banks, Inc	3.600		04/15/16		106,815
	150,000		SunTrust Banks, Inc	3.500		01/20/17		161,088
	100,000		SunTrust Banks, Inc	6.000		09/11/17		118,162
	300,000		SunTrust Banks, Inc	7.250		03/15/18		367,163
	50,000		SVB Financial Group	5.375		09/15/20		56,112
	200,000		Svenska Handelsbanken AB	3.125		07/12/16		212,220
	300,000		Svenska Handelsbanken AB	2.875		04/04/17		316,980
	300,000		Toronto-Dominion Bank	2.500		07/14/16		315,614
	650,000		Toronto-Dominion Bank	2.375		10/19/16		683,042
	315,000		Union Bank of California NA	5.950		05/11/16		358,799
	60,000		UnionBanCal Corp	5.250		12/16/13		62,365
	225,000		UnionBanCal Corp	3.500		06/18/22		237,316
	300,000		US Bancorp	2.200		11/15/16		312,572
	940,000		US Bancorp	1.650		05/15/17		957,766
	325,000		US Bancorp	3.000		03/15/22		338,009
	200,000		US Bancorp	2.950		07/15/22		202,045
	970,000		US Bank NA	6.300		02/04/14		1,028,653
	250,000	i	US Bank NA	3.778		04/29/20		265,064
	692,000		Wachovia Bank NA	4.800		11/01/14		742,761
	1,110,000		Wachovia Bank NA	5.850		02/01/37		1,377,189
	2,600,000		Wells Fargo & Co	1.250		02/13/15		2,624,383

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,000,000		Wells Fargo & Co	1.500	%	07/01/15	$	1,017,229
	650,000	i	Wells Fargo & Co	3.676		06/15/16		702,718
	300,000		Wells Fargo & Co	5.125		09/15/16		337,884
	1,250,000		Wells Fargo & Co	2.100		05/08/17		1,292,340
	500,000		Wells Fargo & Co	1.500		01/16/18		500,820
	1,200,000		Wells Fargo & Co	4.600		04/01/21		1,380,289
	2,000,000		Wells Fargo & Co	3.500		03/08/22		2,133,304
	264,000		Wells Fargo & Co	5.375		02/07/35		320,243
	20,000		Western Union Co	5.930		10/01/16		21,973
	500,000		Western Union Co	2.875		12/10/17		495,424
	100,000		Western Union Co	3.650		08/22/18		102,218
	400,000		Western Union Co	5.253		04/01/20		430,029
	100,000		Westpac Banking Corp	1.850		12/09/13		101,461
	1,455,000		Westpac Banking Corp	3.000		08/04/15		1,536,724
	500,000		Westpac Banking Corp	1.125		09/25/15		504,632
	150,000		Westpac Banking Corp	3.000		12/09/15		159,094
	400,000		Westpac Banking Corp	2.000		08/14/17		412,025
	75,000		Westpac Banking Corp	4.875		11/19/19		87,499
	185,000		Zions Bancorporation	7.750		09/23/14		202,049

			TOTAL BANKS					95,817,929


CAPITAL GOODS - 0.8%
	250,000		Agilent Technologies, Inc	6.500		11/01/17		302,211
	100,000		Agilent Technologies, Inc	5.000		07/15/20		114,658
	100,000		Agilent Technologies, Inc	3.200		10/01/22		101,177
	200,000		Applied Materials, Inc	4.300		06/15/21		223,294
	100,000		Applied Materials, Inc	5.850		06/15/41		122,018
	200,000		Arrow Electronics, Inc	5.125		03/01/21		215,582
	225,000		Avnet, Inc	6.625		09/15/16		254,479
	300,000		Avnet, Inc	4.875		12/01/22		305,870
	100,000		Cameron International Corp	6.375		07/15/18		120,965
	150,000		Cameron International Corp	3.600		04/30/22		156,666
	100,000		Cameron International Corp	5.950		06/01/41		124,917
	100,000		Carlisle Cos, Inc	5.125		12/15/20		110,854
	100,000		Carlisle Cos, Inc	3.750		11/15/22		99,037
	136,000		Caterpillar Financial Services Corp	6.125		02/17/14		144,996
	150,000		Caterpillar Financial Services Corp	1.375		05/20/14		151,822
	600,000		Caterpillar Financial Services Corp	0.700		11/06/15		598,468
	250,000		Caterpillar Financial Services Corp	2.050		08/01/16		258,791
	300,000		Caterpillar Financial Services Corp	1.750		03/24/17		308,077
	500,000		Caterpillar Financial Services Corp	1.625		06/01/17		509,404
	500,000		Caterpillar Financial Services Corp	5.850		09/01/17		600,399
	500,000		Caterpillar Financial Services Corp	1.250		11/06/17		499,624
	200,000		Caterpillar Financial Services Corp	5.450		04/15/18		238,900
	1,361,000		Caterpillar Financial Services Corp	7.150		02/15/19		1,772,098
	50,000		Caterpillar, Inc	5.700		08/15/16		58,005
	150,000		Caterpillar, Inc	1.500		06/26/17		151,918
	200,000		Caterpillar, Inc	3.900		05/27/21		224,378
	200,000		Caterpillar, Inc	2.600		06/26/22		201,708
	438,000		Caterpillar, Inc	3.803		08/15/42		436,364
	75,000		CRH America, Inc	5.300		10/15/13		77,477
	150,000		CRH America, Inc	4.125		01/15/16		156,180

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	350,000		CRH America, Inc	6.000	%	09/30/16	$	393,269
	450,000		Danaher Corp	5.625		01/15/18		541,215
	150,000		Deere & Co	2.600		06/08/22		151,890
	218,000		Deere & Co	5.375		10/16/29		279,067
	150,000		Deere & Co	3.900		06/09/42		153,307
	200,000		Dover Corp	4.875		10/15/15		222,381
	150,000		Dover Corp	5.450		03/15/18		177,828
	100,000		Dover Corp	5.375		03/01/41		126,799
	200,000		Eaton Corp	5.600		05/15/18		236,617
	300,000		Emerson Electric Co	5.250		10/15/18		362,904
	400,000		Emerson Electric Co	4.875		10/15/19		478,879
	100,000		Energizer Holdings, Inc	4.700		05/19/21		107,173
	100,000		Energizer Holdings, Inc	4.700		05/24/22		107,082
	150,000		Flowserve Corp	3.500		09/15/22		150,647
	100,000		FMC Technologies, Inc	2.000		10/01/17		100,923
	100,000		FMC Technologies, Inc	3.450		10/01/22		102,064
	300,000		General Dynamics Corp	2.250		07/15/16		314,417
	600,000		General Dynamics Corp	1.000		11/15/17		596,710
	600,000		General Dynamics Corp	2.250		11/15/22		587,151
	225,000		General Dynamics Corp	3.600		11/15/42		216,450
	265,000		Goodrich Corp	6.125		03/01/19		327,609
	185,000		Harsco Corp	5.125		09/15/13		189,385
	100,000		IDEX Corp	4.500		12/15/20		106,557
	200,000		IDEX Corp	4.200		12/15/21		208,960
	100,000		Illinois Tool Works, Inc	6.250		04/01/19		124,522
	200,000		Illinois Tool Works, Inc	4.875		09/15/41		234,485
	500,000		Illinois Tool Works, Inc	3.900		09/01/42		513,749
	170,000		Ingersoll-Rand Global Holding Co Ltd	6.875		08/15/18		207,585
	695,000		John Deere Capital Corp	2.950		03/09/15		728,339
	800,000		John Deere Capital Corp	5.500		04/13/17		940,594
	250,000		John Deere Capital Corp	1.200		10/10/17		250,391
	200,000		John Deere Capital Corp	3.150		10/15/21		210,901
	200,000		John Deere Capital Corp	2.800		01/27/23		204,662
	100,000		Joy Global, Inc	5.125		10/15/21		110,235
	200,000		Kennametal, Inc	2.650		11/01/19		200,294
	150,000		Kennametal, Inc	3.875		02/15/22		156,631
	100,000		KLA-Tencor Corp	6.900		05/01/18		120,124
	100,000		Legrand France S.A.	8.500		02/15/25		132,637
	400,000		Lockheed Martin Corp	7.650		05/01/16		484,405
	200,000		Lockheed Martin Corp	3.350		09/15/21		211,351
	350,000		Lockheed Martin Corp	4.850		09/15/41		386,221
	258,120	g	Lockheed Martin Corp	4.070		12/15/42		253,674
	100,000		Mosaic Co	4.875		11/15/41		108,164
	100,000		National Oilwell Varco, Inc	1.350		12/01/17		100,636
	300,000		National Oilwell Varco, Inc	2.600		12/01/22		304,211
	300,000		National Oilwell Varco, Inc	3.950		12/01/42		303,967
	250,000		Parker Hannifin Corp	3.500		09/15/22		271,499
	275,000	g	Pentair Finance S.A.	1.350		12/01/15		274,756
	225,000	g	Pentair Finance S.A.	2.650		12/01/19		222,651
	50,000		Raytheon Co	4.400		02/15/20		57,223
	450,000		Raytheon Co	3.125		10/15/20		478,755
	500,000		Raytheon Co	2.500		12/15/22		493,211

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		Raytheon Co	7.200	%	08/15/27	$	278,306
	100,000		Raytheon Co	4.700		12/15/41		113,166
	100,000		Rockwell Automation, Inc	6.250		12/01/37		136,757
	100,000		Rockwell Collins, Inc	3.100		11/15/21		105,053
	200,000		Roper Industries, Inc	1.850		11/15/17		199,851
	100,000		Roper Industries, Inc	6.250		09/01/19		119,513
	200,000		Roper Industries, Inc	3.125		11/15/22		201,310
	100,000		Snap-on, Inc	4.250		01/15/18		111,912
	250,000		Stanley Black & Decker, Inc	3.400		12/01/21		260,958
	600,000		Stanley Black & Decker, Inc	2.900		11/01/22		606,350
	100,000		Stanley Black & Decker, Inc	5.200		09/01/40		115,829
	250,000		Textron, Inc	5.600		12/01/17		283,057
	600,000	g	Turlock Corp	1.500		11/02/17		601,226
	325,000	g	Turlock Corp	2.750		11/02/22		323,997
	150,000	g	Turlock Corp	4.000		11/02/32		154,277
	250,000	g	Turlock Corp	4.150		11/02/42		252,826
	100,000	g	Tyco Flow Control Finance	1.875		09/15/17		100,294
	100,000	g	Tyco Flow Control Finance	3.150		09/15/22		99,948
	21,000		Tyco International Finance S.A.	3.375		10/15/15		22,275
	83,000		Tyco International Finance S.A.	8.500		01/15/19		108,577
	500,000		United Technologies Corp	4.875		05/01/15		549,076
	300,000		United Technologies Corp	1.200		06/01/15		304,295
	250,000		United Technologies Corp	1.800		06/01/17		257,340
	500,000		United Technologies Corp	5.375		12/15/17		594,304
	490,000		United Technologies Corp	4.500		04/15/20		575,678
	325,000		United Technologies Corp	3.100		06/01/22		344,171
	280,000		United Technologies Corp	5.400		05/01/35		346,814
	280,000		United Technologies Corp	6.050		06/01/36		368,551
	145,000		United Technologies Corp	5.700		04/15/40		186,443
	1,350,000		United Technologies Corp	4.500		06/01/42		1,500,067
	100,000		Valmont Industries, Inc	6.625		04/20/20		117,738
	100,000		Xylem, Inc	3.550		09/20/16		106,533
	100,000		Xylem, Inc	4.875		10/01/21		113,533

			TOTAL CAPITAL GOODS					32,525,519


COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	700,000	g	ADT Corp	2.250		07/15/17		694,441
	125,000	g	ADT Corp	3.500		07/15/22		121,574
	200,000	g	ADT Corp	4.875		07/15/42		189,836
	200,000		Celgene Corp	1.900		08/15/17		203,590
	200,000		Celgene Corp	3.950		10/15/20		217,057
	300,000		Celgene Corp	3.250		08/15/22		305,815
	30,000		Corp Andina de Fomento	5.125		05/05/15		32,453
	500,000		Corp Andina de Fomento	3.750		01/15/16		527,652
	527,000		Corp Andina de Fomento	4.375		06/15/22		570,616
	1,000,000		Council Of Europe Development Bank	2.625		02/16/16		1,057,800
	500,000		Council Of Europe Development Bank	1.500		06/19/17		510,950
	350,000		Daimler Finance North America LLC	6.500		11/15/13		367,408
	150,000	g	Daimler Finance North America LLC	2.250		07/31/19		151,135
	300,000		Daimler Finance North America LLC	8.500		01/18/31		466,930
	300,000		eBay, Inc	0.700		07/15/15		301,123
	300,000		eBay, Inc	1.350		07/15/17		303,494

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		eBay, Inc	3.250	%	10/15/20	$	215,716
	400,000		eBay, Inc	2.600		07/15/22		404,096
	200,000		eBay, Inc	4.000		07/15/42		194,785
	150,000		Equifax, Inc	6.300		07/01/17		175,090
	200,000		Equifax, Inc	3.300		12/15/22		198,388
	25,000		Howard Hughes Medical Institute	3.450		09/01/14		26,261
	200,000		McGraw-Hill Cos, Inc	5.900		11/15/17		232,307
	300,000		Moody’s Corp	4.500		09/01/22		320,744
	44,000		Quest Diagnostics, Inc	5.450		11/01/15		48,857
	200,000		Quest Diagnostics, Inc	4.700		04/01/21		223,949
	150,000		Quest Diagnostics, Inc	6.950		07/01/37		192,970
	329,000	g	Reed Elsevier Capital, Inc	3.125		10/15/22		322,966
	63,000		Republic Services, Inc	5.500		09/15/19		74,607
	265,000		Republic Services, Inc	5.000		03/01/20		307,317
	580,000		Republic Services, Inc	5.250		11/15/21		683,588
	250,000		Republic Services, Inc	3.550		06/01/22		260,654
	30,000		Republic Services, Inc	6.200		03/01/40		37,649
	150,000		SAIC, Inc	4.450		12/01/20		162,482
	100,000		Svensk Exportkredit AB	3.250		09/16/14		104,650
	500,000		Svensk Exportkredit AB	1.750		05/30/17		513,200
	300,000		Thomson Corp	5.700		10/01/14		324,312
	345,000		Thomson Reuters Corp	6.500		07/15/18		431,147
	145,000		Thomson Reuters Corp	5.850		04/15/40		179,427
	200,000	g	URS Corp	5.000		04/01/22		205,893
	25,000		Vanderbilt University	5.250		04/01/19		29,957
	500,000		Waste Management, Inc	5.000		03/15/14		524,832
	310,000		Waste Management, Inc	4.600		03/01/21		351,270
	350,000		Waste Management, Inc	2.900		09/15/22		346,307
	255,000		Waste Management, Inc	6.125		11/30/39		322,829

			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					13,438,124


CONSUMER DURABLES & APPAREL - 0.1%
	100,000		Hasbro, Inc	6.125		05/15/14		107,079
	100,000		Hasbro, Inc	6.350		03/15/40		123,501
	200,000		Leggett & Platt, Inc	3.400		08/15/22		205,732
	100,000		Mattel Inc	4.350		10/01/20		107,857
	100,000		Mattel, Inc	5.450		11/01/41		112,963
	100,000		Newell Rubbermaid, Inc	4.700		08/15/20		110,449
	200,000		Newell Rubbermaid, Inc	4.000		06/15/22		211,350
	150,000		NVR, Inc	3.950		09/15/22		155,438
	800,000		Rio Tinto Finance USA plc	1.625		08/21/17		809,989
	400,000		Rio Tinto Finance USA plc	3.500		03/22/22		420,871
	200,000		Rio Tinto Finance USA plc	4.750		03/22/42		221,137
	150,000		Rio Tinto Finance USA plc	4.125		08/21/42		152,603
	220,000		VF Corp	6.450		11/01/37		294,852
	200,000		Whirlpool Corp	8.600		05/01/14		219,008
	150,000		Whirlpool Corp	4.700		06/01/22		159,421

			TOTAL CONSUMER DURABLES & APPAREL					3,412,250


CONSUMER SERVICES - 0.3%
	200,000		Board of Trustees of The Leland Stanford Junior University	3.625		05/01/14		208,550

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	100,000	Board of Trustees of The Leland Stanford Junior University	4.750	%	05/01/19	$	118,091
	100,000	Cintas Corp No 2	4.300		06/01/21		111,281
	200,000	Cintas Corp No 2	3.250		06/01/22		205,338
	500,000	Continental Airlines 2012 Class A Pass Thru Trusts	4.150		04/11/24		526,250
	100,000	Cornell University	5.450		02/01/19		120,676
	100,000	Darden Restaurants, Inc	6.200		10/15/17		118,232
	200,000	Darden Restaurants, Inc	3.350		11/01/22		193,525
	100,000	Darden Restaurants, Inc	6.800		10/15/37		118,623
	75,000	Dartmouth College	4.750		06/01/19		87,991
	300,000	Dun & Bradstreet Corp	3.250		12/01/17		303,178
	100,000	George Washington University	3.485		09/15/22		105,781
	175,000	GlaxoSmithKline Capital plc	0.750		05/08/15		175,854
	300,000	GlaxoSmithKline Capital plc	1.500		05/08/17		304,362
	300,000	GlaxoSmithKline Capital plc	2.850		05/08/22		311,596
	100,000	Hyatt Hotels Corp	3.875		08/15/16		106,485
	150,000	Johns Hopkins University	5.250		07/01/19		179,856
	200,000	Marriott International, Inc	3.000		03/01/19		205,841
	200,000	Marriott International, Inc	3.250		09/15/22		200,059
	250,000	Massachusetts Institute of Technology	5.600		07/01/11		362,780
	300,000	McDonald’s Corp	1.875		05/29/19		305,259
	720,000	McDonald’s Corp	3.500		07/15/20		798,046
	550,000	McDonald’s Corp	2.625		01/15/22		564,684
	280,000	McDonald’s Corp	6.300		03/01/38		390,244
	200,000	President and Fellows of Harvard College	4.875		10/15/40		242,542
	100,000	Princeton University	4.950		03/01/19		119,126
	220,000	Princeton University	5.700		03/01/39		296,492
	200,000	Starwood Hotels & Resorts Worldwide, Inc	3.125		02/15/23		198,253
	700,000	Walt Disney Co	4.500		12/15/13		727,178
	350,000	Walt Disney Co	0.875		12/01/14		352,887
	70,000	Walt Disney Co	5.625		09/15/16		81,436
	200,000	Walt Disney Co	1.100		12/01/17		200,420
	850,000	Walt Disney Co	2.550		02/15/22		869,772
	200,000	Walt Disney Co	2.350		12/01/22		201,837
	200,000	Walt Disney Co	7.000		03/01/32		287,430
	100,000	Walt Disney Co	4.375		08/16/41		110,459
	100,000	Walt Disney Co	4.125		12/01/41		107,060
	200,000	Walt Disney Co	3.700		12/01/42		200,211
	2,000	Wyndham Worldwide Corp	6.000		12/01/16		2,262
	250,000	Wyndham Worldwide Corp	2.950		03/01/17		255,642
	200,000	Wyndham Worldwide Corp	4.250		03/01/22		206,503
	200,000	Yale University	2.900		10/15/14		208,692
	330,000	Yum! Brands, Inc	6.250		03/15/18		401,184
	50,000	Yum! Brands, Inc	3.875		11/01/20		54,318
	100,000	Yum! Brands, Inc	6.875		11/15/37		136,545

		TOTAL CONSUMER SERVICES					11,382,831


DIVERSIFIED FINANCIALS - 4.6%
	300,000	Abbey National Treasury Services plc	2.875		04/25/14		306,269
	300,000	Abbey National Treasury Services plc	4.000		04/27/16		317,213
	150,000	ABN Amro Bank NV	4.650		06/04/18		153,291
	500,000	African Development Bank	3.000		05/27/14		518,600

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000		African Development Bank	1.250	%	09/02/16	$	255,925
	700,000		African Development Bank	1.125		03/15/17		712,390
	20,000		Ahold Finance USA LLC	6.875		05/01/29		25,520
	600,000		American Express Centurion Bank	0.875		11/13/15		599,559
	400,000		American Express Co	6.150		08/28/17		481,989
	190,000		American Express Co	7.000		03/19/18		240,052
	293,000	g	American Express Co	2.650		12/02/22		291,833
	329,400	g	American Express Co	4.050		12/03/42		330,879
	200,000		American Express Credit Corp	1.750		06/12/15		204,189
	1,750,000		American Express Credit Corp	2.750		09/15/15		1,834,669
	1,600,000		American Express Credit Corp	2.800		09/19/16		1,692,872
	400,000		American Express Credit Corp	2.375		03/24/17		418,527
	295,000		Ameriprise Financial, Inc	5.300		03/15/20		349,192
	250,000		Australia & New Zealand Banking Group Ltd	1.875		10/06/17		254,877
	4,220,000		Bank of America Corp	4.500		04/01/15		4,498,208
	2,045,000		Bank of America Corp	3.700		09/01/15		2,161,849
	550,000		Bank of America Corp	3.625		03/17/16		582,778
	1,200,000		Bank of America Corp	6.500		08/01/16		1,385,711
	585,000		Bank of America Corp	5.300		03/15/17		657,955
	1,000,000		Bank of America Corp	3.875		03/22/17		1,084,521
	575,000		Bank of America Corp	6.000		09/01/17		673,334
	590,000		Bank of America Corp	5.750		12/01/17		687,701
	320,000		Bank of America Corp	5.650		05/01/18		372,302
	600,000		Bank of America Corp	5.490		03/15/19		666,491
	2,300,000		Bank of America Corp	5.875		01/05/21		2,753,746
	500,000		Bank of America Corp	5.700		01/24/22		601,274
	700,000		Bank of America Corp	5.875		02/07/42		873,312
	400,000		Bank of Montreal	0.800		11/06/15		399,428
	450,000		Bank of Montreal	2.500		01/11/17		471,707
	200,000		Bank of Montreal	1.400		09/11/17		200,760
	400,000		Bank of Montreal	2.550		11/06/22		395,999
	100,000		Bank of New York Mellon Corp	1.500		01/31/14		101,170
	530,000		Bank of New York Mellon Corp	4.300		05/15/14		557,013
	300,000		Bank of New York Mellon Corp	1.700		11/24/14		306,806
	1,150,000		Bank of New York Mellon Corp	2.300		07/28/16		1,202,042
	100,000	i	Bank of New York Mellon Corp	1.969		06/20/17		103,130
	500,000		Bank of New York Mellon Corp	1.300		01/25/18		498,380
	500,000		Bank of New York Mellon Corp	3.550		09/23/21		544,778
	40,000		Bank of Nova Scotia	2.250		01/22/13		40,044
	220,000		Bank of Nova Scotia	2.375		12/17/13		224,180
	900,000		Bank of Nova Scotia	3.400		01/22/15		948,850
	100,000		Bank of Nova Scotia	2.050		10/07/15		103,348
	200,000		Bank of Nova Scotia	0.750		10/09/15		198,904
	500,000		Bank of Nova Scotia	2.900		03/29/16		529,934
	150,000		Bank of Nova Scotia	2.550		01/12/17		157,837
	400,000		Bank of Nova Scotia	1.375		12/18/17		400,554
	200,000		Bank of Nova Scotia	4.375		01/13/21		231,595
	510,000		Barclays Bank plc	5.200		07/10/14		542,649
	500,000		Barclays Bank plc	2.750		02/23/15		517,917
	1,900,000		Barclays Bank plc	5.000		09/22/16		2,129,685
	80,000		Bear Stearns Cos LLC	5.300		10/30/15		88,655
	116,000		Bear Stearns Cos LLC	5.550		01/22/17		130,814

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	50,000		Berkshire Hathaway, Inc	3.200	%	02/11/15	$	52,639
	700,000		Berkshire Hathaway, Inc	1.900		01/31/17		723,605
	200,000		Berkshire Hathaway, Inc	3.750		08/15/21		220,311
	275,000		BlackRock, Inc	3.500		12/10/14		290,432
	210,000		BlackRock, Inc	6.250		09/15/17		256,638
	390,000		BlackRock, Inc	5.000		12/10/19		466,647
	125,000		BlackRock, Inc	3.375		06/01/22		132,760
	100,000		Block Financial LLC	5.125		10/30/14		105,291
	200,000		Block Financial LLC	5.500		11/01/22		205,772
	480,000		BNP Paribas	3.250		03/11/15		500,967
	800,000		BNP Paribas	3.600		02/23/16		846,758
	700,000		BNP Paribas	5.000		01/15/21		786,202
	500,000		BNP Paribas S.A.	2.375		09/14/17		507,173
	400,000		Canadian Imperial Bank of Commerce	0.900		10/01/15		401,724
	425,000		Canadian Imperial Bank of Commerce	2.350		12/11/15		445,985
	810,000		Capital One Bank USA NA	8.800		07/15/19		1,096,819
	700,000		Capital One Financial Corp	7.375		05/23/14		761,480
	300,000		Capital One Financial Corp	2.150		03/23/15		306,222
	600,000		Capital One Financial Corp	1.000		11/06/15		597,973
	250,000		Capital One Financial Corp	3.150		07/15/16		265,421
	250,000		Capital One Financial Corp	4.750		07/15/21		288,290
	146,875		Carobao Leasing LLC	1.829		09/07/24		149,200
	200,000		Charles Schwab Corp	0.850		12/04/15		200,455
	100,000		Charles Schwab Corp	4.450		07/22/20		113,006
	200,000	g	Charles Schwab Corp	3.225		09/01/22		202,971
	120,000		CME Group, Inc	5.750		02/15/14		126,726
	350,000		CME Group, Inc	3.000		09/15/22		355,126
	400,000		Commonwealth Bank of Australia	1.950		03/16/15		410,456
	250,000		Commonwealth Bank of Australia	1.250		09/18/15		252,731
	250,000		Commonwealth Bank of Australia	1.900		09/18/17		255,606
	400,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.375		01/19/17		429,714
	600,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.875		02/08/22		645,674
	375,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.950		11/09/22		384,013
	2,080,000		Credit Suisse	5.500		05/01/14		2,213,105
	2,250,000		Credit Suisse	5.400		01/14/20		2,529,878
	250,000		Diageo Investment Corp	2.875		05/11/22		258,069
	100,000		Diageo Investment Corp	4.250		05/11/42		106,555
	155,000		Digital Realty Trust LP	4.500		07/15/15		164,921
	300,000		Digital Realty Trust LP	3.625		10/01/22		294,639
	100,000		Discover Financial Services	5.200		04/27/22		113,871
	90,000		Eaton Vance Corp	6.500		10/02/17		108,587
	500,000		Excalibur One 77B LLC	1.491		01/01/25		496,256
	750,000		FMS Wertmanagement AoeR	1.000		11/21/17		749,025
	3,000,000		Ford Motor Credit Co LLC	2.750		05/15/15		3,061,710
	300,000		Ford Motor Credit Co LLC	2.500		01/15/16		303,697
	800,000		Ford Motor Credit Co LLC	3.000		06/12/17		821,940
	1,000,000		Ford Motor Credit Co LLC	5.000		05/15/18		1,103,436
	1,000,000		Ford Motor Credit Co LLC	5.875		08/02/21		1,164,538
	450,000		Ford Motor Credit Co LLC	4.250		09/20/22		475,823
	125,000		Franklin Resources, Inc	3.125		05/20/15		131,532
	150,000		Franklin Resources, Inc	2.800		09/15/22		151,834
	2,335,000		General Electric Capital Corp	5.500		06/04/14		2,492,634

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		General Electric Capital Corp	2.150	%	01/09/15	$	205,427
	1,605,000		General Electric Capital Corp	3.500		06/29/15		1,705,508
	350,000		General Electric Capital Corp	1.625		07/02/15		355,808
	400,000		General Electric Capital Corp	2.250		11/09/15		413,086
	750,000		General Electric Capital Corp	1.000		12/11/15		753,018
	1,050,000		General Electric Capital Corp	2.950		05/09/16		1,106,036
	200,000		General Electric Capital Corp	2.900		01/09/17		211,468
	800,000		General Electric Capital Corp	2.300		04/27/17		829,505
	1,625,000		General Electric Capital Corp	5.625		09/15/17		1,917,048
	500,000		General Electric Capital Corp	1.600		11/20/17		500,325
	200,000		General Electric Capital Corp	2.100		12/11/19		200,565
	630,000		General Electric Capital Corp	5.500		01/08/20		745,738
	1,855,000		General Electric Capital Corp	4.375		09/16/20		2,070,265
	250,000		General Electric Capital Corp	4.625		01/07/21		283,574
	300,000		General Electric Capital Corp	5.300		02/11/21		348,235
	200,000		General Electric Capital Corp	4.650		10/17/21		228,207
	1,900,000		General Electric Capital Corp	3.150		09/07/22		1,941,217
	2,025,000		General Electric Capital Corp	6.750		03/15/32		2,629,936
	1,200,000		General Electric Capital Corp	5.875		01/14/38		1,447,502
	927,000		General Electric Capital Corp	6.875		01/10/39		1,260,070
	340,000	i	Goldman Sachs Capital II	4.000		06/01/43		265,567
	1,250,000		Goldman Sachs Group, Inc	3.300		05/03/15		1,302,821
	1,630,000		Goldman Sachs Group, Inc	3.700		08/01/15		1,720,286
	500,000		Goldman Sachs Group, Inc	1.600		11/23/15		503,513
	1,875,000		Goldman Sachs Group, Inc	3.625		02/07/16		1,984,731
	550,000		Goldman Sachs Group, Inc	5.950		01/18/18		640,031
	60,000		Goldman Sachs Group, Inc	6.150		04/01/18		70,486
	1,195,000		Goldman Sachs Group, Inc	7.500		02/15/19		1,503,615
	2,505,000		Goldman Sachs Group, Inc	5.375		03/15/20		2,870,805
	1,150,000		Goldman Sachs Group, Inc	6.000		06/15/20		1,366,444
	1,300,000		Goldman Sachs Group, Inc	5.250		07/27/21		1,481,969
	2,325,000		Goldman Sachs Group, Inc	5.750		01/24/22		2,748,643
	65,000		Goldman Sachs Group, Inc	6.450		05/01/36		71,294
	1,850,000		Goldman Sachs Group, Inc	6.250		02/01/41		2,269,804
	1,200,000		HSBC Finance Corp	5.500		01/19/16		1,340,946
	782,000		HSBC Finance Corp	6.676		01/15/21		927,742
	150,000	g	ING (US) FINANCE	5.500		07/15/22		162,781
	125,000		Invesco Finance plc	3.125		11/30/22		126,261
	130,000		Jefferies Group, Inc	3.875		11/09/15		134,225
	425,000		Jefferies Group, Inc	8.500		07/15/19		507,875
	500,000		Jefferies Group, Inc	6.875		04/15/21		560,000
	100,000		Jefferies Group, Inc	6.450		06/08/27		106,500
	125,000		John Deere Capital Corp	0.875		04/17/15		125,550
	100,000		John Deere Capital Corp	2.000		01/13/17		103,472
	300,000		John Deere Capital Corp	1.400		03/15/17		302,868
	350,000		John Deere Capital Corp	1.700		01/15/20		346,415
	1,500,000		KFW	3.250		03/15/13		1,508,850
	600,000		KFW	0.625		04/24/15		604,191
	1,500,000		KFW	1.250		02/15/17		1,530,615
	600,000		KFW	2.625		01/25/22		635,222
	750,000		KFW	2.000		10/04/22		751,607
	100,000		Korea Finance Corp	3.250		09/20/16		104,942

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	700,000		Korea Finance Corp	2.250	%	08/07/17	$	708,687
	635,000		Kreditanstalt fuer Wiederaufbau	3.500		05/16/13		642,405
	1,750,000		Kreditanstalt fuer Wiederaufbau	4.000		10/15/13		1,800,557
	1,000,000		Kreditanstalt fuer Wiederaufbau	1.375		01/13/14		1,010,880
	3,000,000		Kreditanstalt fuer Wiederaufbau	1.250		10/26/15		3,058,566
	1,350,000		Kreditanstalt fuer Wiederaufbau	4.875		01/17/17		1,568,835
	1,105,000		Kreditanstalt fuer Wiederaufbau	4.500		07/16/18		1,303,679
	6,925,000		Kreditanstalt fuer Wiederaufbau	4.000		01/27/20		8,056,427
	1,125,000		Landwirtschaftliche Rentenbank	4.125		07/15/13		1,147,882
	1,025,000		Landwirtschaftliche Rentenbank	5.125		02/01/17		1,202,161
	1,000,000		Landwirtschaftliche Rentenbank	1.375		10/23/19		997,800
	203,000		Lazard Group LLC	7.125		05/15/15		225,672
	700,000		Lloyds TSB Bank plc	4.200		03/28/17		776,048
	1,260,000		Merrill Lynch & Co, Inc	6.400		08/28/17		1,479,687
	1,050,000		Merrill Lynch & Co, Inc	6.875		04/25/18		1,265,727
	1,000,000		Merrill Lynch & Co, Inc	6.110		01/29/37		1,091,550
	300,000		Morgan Stanley	4.750		04/01/14		310,643
	3,300,000		Morgan Stanley	6.000		05/13/14		3,494,601
	100,000		Morgan Stanley	2.875		07/28/14		102,201
	720,000		Morgan Stanley	6.000		04/28/15		784,230
	200,000		Morgan Stanley	3.800		04/29/16		209,957
	970,000		Morgan Stanley	5.450		01/09/17		1,073,384
	300,000		Morgan Stanley	4.750		03/22/17		327,288
	550,000		Morgan Stanley	5.550		04/27/17		609,749
	245,000		Morgan Stanley	5.950		12/28/17		277,439
	796,000		Morgan Stanley	7.300		05/13/19		967,315
	300,000		Morgan Stanley	5.625		09/23/19		339,294
	590,000		Morgan Stanley	5.500		01/26/20		661,858
	200,000		Morgan Stanley	5.750		01/25/21		228,407
	1,200,000		Morgan Stanley	5.500		07/28/21		1,362,449
	2,500,000		Morgan Stanley	4.875		11/01/22		2,588,485
	600,000		Morgan Stanley	7.250		04/01/32		754,852
	500,000		Morgan Stanley	6.375		07/24/42		586,153
	400,000	i	Murray Street Investment Trust	4.647		03/09/17		432,659
	220,000		NASDAQ OMX Group, Inc	5.550		01/15/20		239,653
	150,000		National Rural Utilities Cooperative Finance Corp	3.875		09/16/15		161,883
	735,000		National Rural Utilities Cooperative Finance Corp	10.375		11/01/18		1,086,490
	350,000		National Rural Utilities Cooperative Finance Corp	3.050		02/15/22		367,176
	250,000		Nomura Holdings, Inc	5.000		03/04/15		265,065
	260,000		Nomura Holdings, Inc	4.125		01/19/16		271,380
	430,000		Nomura Holdings, Inc	6.700		03/04/20		501,833
	400,000		Northern Trust Corp	4.625		05/01/14		421,526
	300,000		NYSE Euronext	2.000		10/05/17		304,974
	150,000		Oesterreichische Kontrollbank AG.	3.625		06/17/13		152,180
	1,000,000		Oesterreichische Kontrollbank AG.	1.375		01/21/14		1,010,110
	800,000		Oesterreichische Kontrollbank AG.	5.000		04/25/17		929,600
	600,000		ORIX Corp	5.000		01/12/16		649,890
	200,000		ORIX Corp	3.750		03/09/17		211,121
	500,000		PACCAR Financial Corp	0.700		11/16/15		499,277
	300,000		PACCAR Financial Corp	1.600		03/15/17		304,701
	200,000		Principal Life Income Funding Trusts	5.550		04/27/15		221,023
	500,000		Rabobank Nederland NV	4.500		01/11/21		561,991

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	350,000	Rabobank Nederland NV	5.250	%	05/24/41	$	410,988
	100,000	Raymond James Financial, Inc	4.250		04/15/16		105,138
	300,000	Raymond James Financial, Inc	5.625		04/01/24		335,808
	500,000	Royal Bank of Canada	1.125		01/15/14		503,382
	500,000	Royal Bank of Canada	1.150		03/13/15		505,427
	500,000	Royal Bank of Canada	0.800		10/30/15		499,425
	200,000	Royal Bank of Canada	0.625		12/04/15		199,488
	335,000	Royal Bank of Canada	2.625		12/15/15		353,584
	200,000	Royal Bank of Canada	2.300		07/20/16		208,426
	500,000	Royal Bank of Canada	1.200		09/19/17		501,200
	750,000	Royal Bank of Scotland plc	6.125		01/11/21		906,133
	500,000	Sasol Financing International plc	4.500		11/14/22		502,500
	80,000	SLM Corp	5.375		01/15/13		80,000
	950,000	SLM Corp	6.250		01/25/16		1,033,125
	500,000	SLM Corp	6.000		01/25/17		541,250
	150,000	SLM Corp	4.625		09/25/17		153,563
	680,000	SLM Corp	8.450		06/15/18		795,600
	200,000	SLM Corp	7.250		01/25/22		220,500
	250,000	Societe Generale S.A.	2.750		10/12/17		254,306
	350,000	State Street Corp	4.300		05/30/14		368,890
	200,000	State Street Corp	2.875		03/07/16		212,177
	300,000	State Street Corp	4.375		03/07/21		348,681
	300,000	Syngenta Finance NV	3.125		03/28/22		315,473
	150,000	TD Ameritrade Holding Corp	4.150		12/01/14		159,863
	392,000	Telefonica Europe BV	8.250		09/15/30		464,030
	50,000	Toyota Motor Credit Corp	1.375		08/12/13		50,298
	500,000	Toyota Motor Credit Corp	1.000		02/17/15		503,354
	250,000	Toyota Motor Credit Corp	3.200		06/17/15		265,102
	225,000	Toyota Motor Credit Corp	0.875		07/17/15		225,927
	700,000	Toyota Motor Credit Corp	2.800		01/11/16		736,432
	300,000	Toyota Motor Credit Corp	2.000		09/15/16		311,024
	150,000	Toyota Motor Credit Corp	2.050		01/12/17		155,139
	400,000	Toyota Motor Credit Corp	1.750		05/22/17		409,612
	500,000	Toyota Motor Credit Corp	1.250		10/05/17		503,557
	300,000	Toyota Motor Credit Corp	3.400		09/15/21		326,719
	1,500,000	UBS AG.	2.250		01/28/14		1,521,660
	330,000	UBS AG.	5.750		04/25/18		391,757
	1,375,000	UBS AG.	4.875		08/04/20		1,597,709
	500,000	Unilever Capital Corp	2.750		02/10/16		529,566
	400,000	Unilever Capital Corp	0.850		08/02/17		395,970
	250,000	Unilever Capital Corp	4.800		02/15/19		294,742
	250,000	Unilever Capital Corp	4.250		02/10/21		288,559
	30,000	Unilever Capital Corp	5.900		11/15/32		41,170

		TOTAL DIVERSIFIED FINANCIALS					182,507,307


ENERGY - 2.3%
	650,000	Anadarko Petroleum Corp	5.950		09/15/16		748,235
	700,000	Anadarko Petroleum Corp	6.375		09/15/17		836,147
	465,000	Anadarko Petroleum Corp	8.700		03/15/19		627,503
	825,000	Anadarko Petroleum Corp	6.200		03/15/40		1,017,625
	100,000	Apache Corp	1.750		04/15/17		102,686
	400,000	Apache Corp	6.900		09/15/18		510,129

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	275,000	Apache Corp	3.250	%	04/15/22	$	291,447
	300,000	Apache Corp	2.625		01/15/23		299,437
	480,000	Apache Corp	5.100		09/01/40		545,636
	300,000	Apache Corp	5.250		02/01/42		347,362
	350,000	Apache Corp	4.750		04/15/43		381,012
	300,000	Apache Corp	4.250		01/15/44		306,503
	200,000	Baker Hughes, Inc	7.500		11/15/18		264,950
	450,000	Baker Hughes, Inc	3.200		08/15/21		479,747
	215,000	Baker Hughes, Inc	5.125		09/15/40		258,776
	200,000	Boardwalk Pipelines LP	5.750		09/15/19		226,071
	250,000	BP Capital Markets plc	5.250		11/07/13		260,152
	100,000	BP Capital Markets plc	1.700		12/05/14		102,078
	395,000	BP Capital Markets plc	3.875		03/10/15		420,813
	590,000	BP Capital Markets plc	3.125		10/01/15		626,313
	700,000	BP Capital Markets plc	0.700		11/06/15		698,997
	1,000,000	BP Capital Markets plc	3.200		03/11/16		1,066,723
	200,000	BP Capital Markets plc	1.846		05/05/17		204,455
	850,000	BP Capital Markets plc	1.375		11/06/17		850,750
	300,000	BP Capital Markets plc	4.500		10/01/20		345,738
	150,000	BP Capital Markets plc	4.742		03/11/21		175,655
	650,000	BP Capital Markets plc	3.561		11/01/21		702,384
	200,000	BP Capital Markets plc	3.245		05/06/22		210,701
	850,000	BP Capital Markets plc	2.500		11/06/22		842,208
	100,000	Buckeye Partners LP	5.300		10/15/14		106,567
	200,000	Buckeye Partners LP	4.875		02/01/21		207,136
	575,000	Burlington Resources Finance Co	7.200		08/15/31		807,926
	200,000	Burlington Resources Finance Co	7.400		12/01/31		285,115
	600,000	Canadian Natural Resources Ltd	5.700		05/15/17		706,784
	850,000	Canadian Natural Resources Ltd	6.250		03/15/38		1,095,057
	45,000	Cenovus Energy, Inc	4.500		09/15/14		47,741
	340,000	Cenovus Energy, Inc	5.700		10/15/19		412,303
	125,000	Cenovus Energy, Inc	3.000		08/15/22		127,665
	200,000	Cenovus Energy, Inc	6.750		11/15/39		270,738
	200,000	Cenovus Energy, Inc	4.450		09/15/42		207,938
	500,000	Chevron Corp	1.104		12/05/17		503,491
	200,000	Chevron Corp	4.950		03/03/19		238,594
	300,000	Chevron Corp	2.355		12/05/22		300,492
	1,005,000	ConocoPhillips	4.600		01/15/15		1,086,099
	600,000	ConocoPhillips	5.750		02/01/19		737,953
	785,000	ConocoPhillips	6.500		02/01/39		1,113,239
	200,000	ConocoPhillips Co	1.050		12/15/17		199,366
	400,000	ConocoPhillips Co	2.400		12/15/22		398,730
	500,000	ConocoPhillips Holding Co	6.950		04/15/29		697,086
	300,000	DCP Midstream Operating LP	2.500		12/01/17		298,402
	200,000	DCP Midstream Operating LP	4.950		04/01/22		212,231
	150,000	Devon Energy Corp	1.875		05/15/17		152,914
	350,000	Devon Energy Corp	6.300		01/15/19		434,325
	525,000	Devon Energy Corp	3.250		05/15/22		547,938
	600,000	Devon Energy Corp	7.950		04/15/32		887,675
	200,000	Devon Energy Corp	4.750		05/15/42		213,963
	300,000	Diamond Offshore Drilling, Inc	5.875		05/01/19		370,250
	100,000	Diamond Offshore Drilling, Inc	5.700		10/15/39		128,287

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000		Ecopetrol S.A.	7.625	%	07/23/19	$	323,125
	400,000		El Paso Pipeline Partners Operating Co LLC	4.700		11/01/42		392,179
	495,000		Enbridge Energy Partners LP	5.200		03/15/20		558,327
	300,000		Enbridge Energy Partners LP	5.500		09/15/40		332,756
	300,000		EnCana Corp	3.900		11/15/21		325,843
	220,000		EnCana Corp	6.500		05/15/19		271,549
	515,000		EnCana Corp	6.625		08/15/37		656,545
	150,000		EnCana Corp	5.150		11/15/41		161,242
	400,000		EnCana Holdings Finance Corp	5.800		05/01/14		425,195
	400,000		Ensco plc	3.250		03/15/16		424,158
	700,000		Ensco plc	4.700		03/15/21		787,750
	40,000		Enterprise Products Operating LLC	5.600		10/15/14		43,302
	145,000		Enterprise Products Operating LLC	5.000		03/01/15		156,877
	200,000		Enterprise Products Operating LLC	1.250		08/13/15		201,228
	735,000		Enterprise Products Operating LLC	6.300		09/15/17		889,079
	130,000		Enterprise Products Operating LLC	6.500		01/31/19		162,917
	600,000		Enterprise Products Operating LLC	5.200		09/01/20		716,168
	400,000		Enterprise Products Operating LLC	4.050		02/15/22		442,145
	480,000		Enterprise Products Operating LLC	6.125		10/15/39		579,885
	300,000		Enterprise Products Operating LLC	4.850		08/15/42		322,006
	100,000		Enterprise Products Operating LLC	4.450		02/15/43		101,251
	300,000		EOG Resources, Inc	6.125		10/01/13		312,479
	100,000		EOG Resources, Inc	2.500		02/01/16		104,578
	440,000		EOG Resources, Inc	4.100		02/01/21		501,695
	600,000		EOG Resources, Inc	2.625		03/15/23		604,222
	50,000		EQT Corp	6.500		04/01/18		58,125
	350,000		EQT Corp	8.125		06/01/19		433,239
	200,000	g	Gulf South Pipeline Co LP	4.000		06/15/22		211,099
	400,000		Halliburton Co	6.150		09/15/19		503,707
	400,000		Halliburton Co	7.450		09/15/39		608,846
	250,000		Halliburton Co	4.500		11/15/41		279,093
	425,000		Hess Corp	8.125		02/15/19		559,345
	200,000		Hess Corp	7.875		10/01/29		278,079
	740,000		Hess Corp	5.600		02/15/41		875,182
	300,000		Husky Energy, Inc	5.900		06/15/14		321,554
	30,000		Husky Energy, Inc	7.250		12/15/19		38,959
	200,000		Husky Energy, Inc	3.950		04/15/22		214,852
	130,000		Husky Energy, Inc	6.800		09/15/37		171,920
	200,000		Magellan Midstream Partners LP	6.550		07/15/19		247,243
	125,000		Magellan Midstream Partners LP	4.250		02/01/21		138,058
	500,000		Magellan Midstream Partners LP	4.200		12/01/42		481,483
	200,000		Marathon Oil Corp	0.900		11/01/15		200,161
	400,000		Marathon Oil Corp	6.000		10/01/17		480,782
	350,000		Marathon Oil Corp	2.800		11/01/22		352,169
	255,000		Marathon Oil Corp	6.600		10/01/37		340,738
	200,000		Marathon Petroleum Corp	3.500		03/01/16		212,902
	250,000		Marathon Petroleum Corp	5.125		03/01/21		294,210
	350,000		Marathon Petroleum Corp	6.500		03/01/41		443,470
	125,000		Murphy Oil Corp	2.500		12/01/17		125,771
	200,000		Murphy Oil Corp	4.000		06/01/22		201,591
	200,000		Murphy Oil Corp	3.700		12/01/22		199,239
	200,000		Murphy Oil Corp	5.125		12/01/42		194,650

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	125,000		Nabors Industries, Inc	6.150	%	02/15/18	$	147,005
	424,000		Nabors Industries, Inc	9.250		01/15/19		560,549
	350,000		Nabors Industries, Inc	4.625		09/15/21		376,684
	935,000		Nexen, Inc	6.400		05/15/37		1,208,770
	150,000		Noble Energy, Inc	8.250		03/01/19		196,594
	350,000		Noble Energy, Inc	4.150		12/15/21		386,379
	200,000		Noble Energy, Inc	6.000		03/01/41		240,921
	100,000		Noble Holding International Ltd	3.450		08/01/15		105,377
	100,000		Noble Holding International Ltd	2.500		03/15/17		103,204
	305,000		Noble Holding International Ltd	4.900		08/01/20		343,044
	100,000		Noble Holding International Ltd	6.200		08/01/40		118,285
	400,000		Noble Holding International Ltd	5.250		03/15/42		426,512
	350,000		Occidental Petroleum Corp	2.500		02/01/16		367,659
	350,000		Occidental Petroleum Corp	1.750		02/15/17		358,903
	250,000		Occidental Petroleum Corp	1.500		02/15/18		253,210
	250,000		Occidental Petroleum Corp	3.125		02/15/22		265,922
	350,000		Occidental Petroleum Corp	2.700		02/15/23		357,131
	406,000		Panhandle Eastern Pipeline Co LP	7.000		06/15/18		494,700
	185,000		Pemex Project Funding Master Trust	5.750		03/01/18		215,988
	350,000		Petrobras International Finance Co	3.875		01/27/16		369,251
	47,000		Petrobras International Finance Co	6.125		10/06/16		53,117
	625,000		Petrobras International Finance Co	3.500		02/06/17		655,467
	1,125,000		Petrobras International Finance Co	7.875		03/15/19		1,405,210
	100,000		Petrobras International Finance Co	5.750		01/20/20		113,836
	850,000		Petrobras International Finance Co	5.375		01/27/21		956,947
	875,000		Petrobras International Finance Co	6.875		01/20/40		1,111,569
	600,000		Petrobras International Finance Co-Pifco	9.125		07/02/13		621,750
	500,000		Petrobras International Finance Co-Pifco	2.875		02/06/15		513,048
	300,000		Petrobras International Finance Co-Pifco	6.750		01/27/41		380,126
	75,000		Petro-Canada	6.800		05/15/38		102,284
	700,000		Petrohawk Energy Corp	7.250		08/15/18		790,263
	505,000		Petroleos Mexicanos	4.875		03/15/15		544,137
	80,000		Petroleos Mexicanos	8.000		05/03/19		104,600
	775,000		Petroleos Mexicanos	6.000		03/05/20		926,125
	800,000		Petroleos Mexicanos	5.500		01/21/21		934,800
	240,000		Petroleos Mexicanos	4.875		01/24/22		270,840
	300,000		Petroleos Mexicanos	1.700		12/20/22		302,263
	300,000		Petroleos Mexicanos	2.000		12/20/22		306,757
	940,000		Petroleos Mexicanos	6.500		06/02/41		1,179,700
	800,000	g	Petroleos Mexicanos	5.500		06/27/44		880,000
	250,000		Petroleos Mexicanos	5.500		06/27/44		275,000
	150,000	g	Phillips 66	4.300		04/01/22		167,613
	300,000		Pioneer Natural Resources Co	6.650		03/15/17		353,450
	375,000		Pioneer Natural Resources Co	3.950		07/15/22		392,953
	200,000		Plains All American Pipeline LP	6.125		01/15/17		235,846
	700,000		Plains All American Pipeline LP	5.000		02/01/21		810,848
	200,000		Plains All American Pipeline LP	2.850		01/31/23		198,154
	100,000		Plains All American Pipeline LP	6.650		01/15/37		130,955
	250,000		Plains All American Pipeline LP	5.150		06/01/42		281,647
	100,000		Rowan Cos, Inc	5.000		09/01/17		111,090
	250,000		Rowan Cos, Inc	4.875		06/01/22		271,517
	100,000		Rowan Cos, Inc	5.400		12/01/42		101,270

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	440,000		Shell International Finance BV	3.100	%	06/28/15	$	466,119
	300,000		Shell International Finance BV	0.625		12/04/15		301,077
	200,000		Shell International Finance BV	1.125		08/21/17		200,938
	805,000		Shell International Finance BV	4.300		09/22/19		932,588
	1,130,000		Shell International Finance BV	4.375		03/25/20		1,310,743
	200,000		Shell International Finance BV	2.375		08/21/22		200,936
	500,000		Shell International Finance BV	2.250		01/06/23		493,967
	421,000		Shell International Finance BV	6.375		12/15/38		591,491
	200,000		Shell International Finance BV	3.625		08/21/42		198,233
	200,000		Southwestern Energy Co	7.500		02/01/18		245,091
	125,000		Southwestern Energy Co	4.100		03/15/22		134,457
	210,000		Statoil ASA	2.900		10/15/14		218,545
	350,000		Statoil ASA	3.125		08/17/17		380,928
	375,000		Statoil ASA	1.200		01/17/18		375,069
	450,000		Statoil ASA	5.250		04/15/19		539,583
	250,000		Statoil ASA	3.150		01/23/22		264,216
	375,000		Statoil ASA	2.450		01/17/23		374,122
	200,000		Statoil ASA	5.100		08/17/40		240,969
	400,000		Statoil ASA	4.250		11/23/41		430,361
	550,000		Suncor Energy, Inc	6.100		06/01/18		670,900
	900,000		Suncor Energy, Inc	6.500		06/15/38		1,200,415
	100,000		Sunoco Logistics Partners Operations LP	6.100		02/15/42		115,009
	25,000		Talisman Energy, Inc	7.750		06/01/19		32,222
	250,000		Talisman Energy, Inc	3.750		02/01/21		268,257
	300,000		Talisman Energy, Inc	5.850		02/01/37		337,543
	200,000		Talisman Energy, Inc	5.500		05/15/42		220,430
	400,000		Total Capital International S.A.	0.750		01/25/16		398,481
	400,000		Total Capital International S.A.	1.550		06/28/17		406,167
	500,000		Total Capital International S.A.	2.875		02/17/22		521,911
	400,000		Total Capital International S.A.	2.700		01/25/23		407,491
	320,000		TransCanada Pipelines Ltd	4.000		06/15/13		325,157
	340,000		TransCanada Pipelines Ltd	5.850		03/15/36		429,271
	469,000		TransCanada Pipelines Ltd	7.625		01/15/39		705,543
	300,000	i	TransCanada Pipelines Ltd	6.350		05/15/67		321,564
	300,000		TransCanada PipeLines Ltd	0.875		03/02/15		301,699
	600,000		TransCanada PipeLines Ltd	3.800		10/01/20		669,539
	300,000		TransCanada PipeLines Ltd	2.500		08/01/22		300,607
	200,000		TransCanada PipeLines Ltd	6.100		06/01/40		266,525
	200,000		Transocean, Inc	2.500		10/15/17		202,104
	443,000		Transocean, Inc	6.000		03/15/18		513,787
	700,000		Transocean, Inc	6.500		11/15/20		847,786
	150,000		Transocean, Inc	6.375		12/15/21		182,296
	550,000		Transocean, Inc	3.800		10/15/22		563,713
	200,000		Transocean, Inc	6.800		03/15/38		244,834
	165,000		Vale Overseas Ltd	6.250		01/23/17		189,848
	1,045,000		Vale Overseas Ltd	4.625		09/15/20		1,129,124
	742,000		Vale Overseas Ltd	4.375		01/11/22		792,090
	150,000		Vale Overseas Ltd	8.250		01/17/34		205,140
	864,000		Vale Overseas Ltd	6.875		11/21/36		1,070,997
	680,000		Valero Energy Corp	6.125		02/01/20		826,870
	330,000		Valero Energy Corp	7.500		04/15/32		423,391
	200,000		Valero Energy Corp	6.625		06/15/37		246,408

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	840,000	Weatherford Bermuda Holdings Ltd	5.125	%	09/15/20	$	925,672
	60,000	Weatherford Bermuda Holdings Ltd	6.750		09/15/40		68,039
	150,000	Weatherford International Ltd	9.625		03/01/19		195,695
	200,000	Weatherford International Ltd	4.500		04/15/22		212,252
	500,000	Weatherford International Ltd	5.950		04/15/42		542,675
	300,000	XTO Energy, Inc	6.250		08/01/17		371,576

		TOTAL ENERGY					92,740,937


FOOD & STAPLES RETAILING - 0.2%
	550,000	CVS Caremark Corp	3.250		05/18/15		583,095
	110,000	CVS Caremark Corp	5.750		06/01/17		131,513
	185,000	CVS Caremark Corp	4.750		05/18/20		217,142
	500,000	CVS Caremark Corp	4.125		05/15/21		563,964
	200,000	CVS Caremark Corp	2.750		12/01/22		200,744
	650,000	CVS Caremark Corp	6.125		09/15/39		831,844
	105,000	Delhaize Group S.A.	6.500		06/15/17		119,189
	100,000	Delhaize Group S.A.	4.125		04/10/19		103,225
	235,000	Delhaize Group S.A.	5.700		10/01/40		220,272
	300,000	Kroger Co	6.400		08/15/17		362,107
	55,000	Kroger Co	6.800		12/15/18		68,737
	445,000	Kroger Co	6.150		01/15/20		542,233
	200,000	Kroger Co	3.400		04/15/22		206,833
	100,000	Kroger Co	6.900		04/15/38		128,907
	250,000	Kroger Co	5.000		04/15/42		266,932
	239,000	Safeway, Inc	6.350		08/15/17		271,436
	25,000	Safeway, Inc	5.000		08/15/19		26,897
	240,000	Safeway, Inc	3.950		08/15/20		240,054
	150,000	Safeway, Inc	4.750		12/01/21		154,544
	50,000	Starbucks Corp	6.250		08/15/17		60,143
	200,000	SYSCO Corp	5.250		02/12/18		238,418
	250,000	SYSCO Corp	2.600		06/12/22		255,135
	100,000	SYSCO Corp	5.375		09/21/35		122,533
	450,000	Walgreen Co	1.000		03/13/15		450,379
	200,000	Walgreen Co	1.800		09/15/17		201,115
	100,000	Walgreen Co	5.250		01/15/19		117,292
	200,000	Walgreen Co	3.100		09/15/22		201,734
	200,000	Walgreen Co	4.400		09/15/42		203,528

		TOTAL FOOD & STAPLES RETAILING					7,089,945


FOOD, BEVERAGE & TOBACCO - 1.1%
	50,000	Altria Group, Inc	4.125		09/11/15		54,272
	85,000	Altria Group, Inc	9.700		11/10/18		118,994
	348,000	Altria Group, Inc	9.250		08/06/19		484,117
	1,800,000	Altria Group, Inc	4.750		05/05/21		2,039,893
	800,000	Altria Group, Inc	2.850		08/09/22		791,623
	155,000	Altria Group, Inc	10.200		02/06/39		259,288
	300,000	Altria Group, Inc	4.250		08/09/42		290,939
	316,000	Anheuser-Busch Cos, Inc	5.500		01/15/18		378,822
	500,000	Anheuser-Busch InBev Worldwide, Inc	0.800		07/15/15		501,308
	950,000	Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		1,006,144
	175,000	Anheuser-Busch InBev Worldwide, Inc	1.375		07/15/17		176,843
	800,000	Anheuser-Busch InBev Worldwide, Inc	5.375		01/15/20		973,627

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,390,000		Anheuser-Busch InBev Worldwide, Inc	5.000	%	04/15/20	$	1,663,371
	1,750,000		Anheuser-Busch InBev Worldwide, Inc	2.500		07/15/22		1,760,955
	485,000		Anheuser-Busch InBev Worldwide, Inc	6.375		01/15/40		673,845
	100,000		Anheuser-Busch InBev Worldwide, Inc	3.750		07/15/42		100,462
	100,000		Archer-Daniels-Midland Co	5.450		03/15/18		119,708
	740,000	g	Archer-Daniels-Midland Co	4.016		04/16/43		707,702
	200,000		Beam, Inc	3.250		05/15/22		207,426
	520,000		Bottling Group LLC	6.950		03/15/14		559,148
	450,000		Bottling Group LLC	5.125		01/15/19		531,342
	200,000		Brown-Forman Corp	1.000		01/15/18		198,867
	200,000		Brown-Forman Corp	2.250		01/15/23		197,405
	400,000		Bunge Ltd	4.100		03/15/16		429,690
	100,000		Bunge Ltd	3.200		06/15/17		104,363
	100,000		Bunge Ltd	8.500		06/15/19		128,669
	325,000		Campbell Soup Co	3.050		07/15/17		351,361
	100,000		Campbell Soup Co	4.250		04/15/21		113,129
	150,000		Campbell Soup Co	2.500		08/02/22		148,658
	150,000		Campbell Soup Co	3.800		08/02/42		146,244
	325,000		Coca-Cola Co	1.500		11/15/15		332,823
	1,835,000		Coca-Cola Co	1.800		09/01/16		1,895,280
	500,000		Coca-Cola Co	1.650		03/14/18		512,166
	410,000		Coca-Cola Co	3.150		11/15/20		446,152
	150,000		Coca-Cola Enterprises, Inc	2.125		09/15/15		154,886
	100,000		Coca-Cola Enterprises, Inc	3.500		09/15/20		106,270
	100,000		Coca-Cola Enterprises, Inc	3.250		08/19/21		103,749
	100,000		Coca-Cola Femsa SAB de C.V.	4.625		02/15/20		112,758
	100,000		Coca-Cola HBC Finance BV	5.500		09/17/15		109,222
	200,000		ConAgra Foods, Inc	2.100		03/15/18		200,331
	325,000		ConAgra Foods, Inc	7.000		04/15/19		400,053
	200,000		ConAgra Foods, Inc	3.250		09/15/22		200,888
	100,000		ConAgra Foods, Inc	7.000		10/01/28		125,711
	100,000		Corn Products International, Inc	4.625		11/01/20		111,657
	350,000		Diageo Capital plc	5.500		09/30/16		406,770
	1,000,000		Diageo Capital plc	1.500		05/11/17		1,014,140
	325,000		Diageo Capital plc	5.750		10/23/17		391,549
	200,000		Diageo Capital plc	5.875		09/30/36		256,257
	100,000		Dr Pepper Snapple Group, Inc	2.900		01/15/16		105,367
	350,000		Dr Pepper Snapple Group, Inc	2.600		01/15/19		360,931
	150,000		Dr Pepper Snapple Group, Inc	2.000		01/15/20		149,546
	150,000		Dr Pepper Snapple Group, Inc	2.700		11/15/22		149,020
	150,000		Flowers Foods, Inc	4.375		04/01/22		153,766
	342,000		Fortune Brands, Inc	5.375		01/15/16		382,060
	725,000		General Mills, Inc	5.200		03/17/15		796,255
	210,000		General Mills, Inc	5.650		02/15/19		255,322
	200,000		General Mills, Inc	3.150		12/15/21		209,058
	150,000		General Mills, Inc	5.400		06/15/40		184,106
	100,000		Hershey Co	1.500		11/01/16		102,002
	150,000		Hershey Co	4.125		12/01/20		171,726
	50,000		HJ Heinz Co	5.350		07/15/13		51,274
	100,000		HJ Heinz Co	2.000		09/12/16		103,188
	325,000		HJ Heinz Co	2.850		03/01/22		331,010
	100,000		HJ Heinz Finance Co	6.750		03/15/32		127,600

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000		Ingredion, Inc	1.800	%	09/25/17	$	248,356
	100,000		JM Smucker Co	3.500		10/15/21		106,248
	200,000		Kellogg Co	1.125		05/15/15		201,939
	100,000		Kellogg Co	1.875		11/17/16		102,715
	200,000		Kellogg Co	1.750		05/17/17		203,248
	600,000		Kellogg Co	4.000		12/15/20		668,363
	300,000		Kellogg Co	3.125		05/17/22		314,396
	100,000		Kellogg Co	7.450		04/01/31		137,914
	100,000	g	Kraft Foods Group, Inc	1.625		06/04/15		101,777
	600,000	g	Kraft Foods Group, Inc	2.250		06/05/17		620,590
	1,025,000	g	Kraft Foods Group, Inc	3.500		06/06/22		1,094,051
	300,000	g	Kraft Foods Group, Inc	6.500		02/09/40		394,308
	400,000	g	Kraft Foods Group, Inc	5.000		06/04/42		449,800
	803,000		Kraft Foods, Inc	6.500		08/11/17		980,770
	250,000		Kraft Foods, Inc	6.125		02/01/18		304,193
	1,200,000		Kraft Foods, Inc	5.375		02/10/20		1,448,713
	945,000		Kraft Foods, Inc	6.500		02/09/40		1,269,467
	200,000		Lorillard Tobacco Co	3.500		08/04/16		211,640
	300,000		Lorillard Tobacco Co	2.300		08/21/17		303,349
	270,000		Lorillard Tobacco Co	6.875		05/01/20		329,097
	150,000		Molson Coors Brewing Co	3.500		05/01/22		158,361
	300,000		Molson Coors Brewing Co	5.000		05/01/42		336,199
	45,000		PepsiAmericas, Inc	4.375		02/15/14		46,887
	245,000		PepsiCo, Inc	0.875		10/25/13		246,122
	850,000		PepsiCo, Inc	2.500		05/10/16		895,217
	250,000		PepsiCo, Inc	1.250		08/13/17		250,939
	840,000		PepsiCo, Inc	7.900		11/01/18		1,133,539
	100,000		PepsiCo, Inc	4.500		01/15/20		115,644
	400,000		PepsiCo, Inc	3.125		11/01/20		428,668
	200,000		PepsiCo, Inc	3.000		08/25/21		211,785
	400,000		PepsiCo, Inc	2.750		03/05/22		410,925
	310,000		PepsiCo, Inc	4.875		11/01/40		362,547
	400,000		PepsiCo, Inc	4.000		03/05/42		413,728
	200,000		PepsiCo, Inc	3.600		08/13/42		194,867
	500,000		Philip Morris International, Inc	1.125		08/21/17		498,403
	1,300,000		Philip Morris International, Inc	5.650		05/16/18		1,576,102
	200,000		Philip Morris International, Inc	2.900		11/15/21		208,006
	200,000		Philip Morris International, Inc	2.500		08/22/22		200,919
	240,000		Philip Morris International, Inc	6.375		05/16/38		326,812
	150,000		Philip Morris International, Inc	4.375		11/15/41		160,807
	200,000		Philip Morris International, Inc	4.500		03/20/42		217,347
	150,000		Philip Morris International, Inc	3.875		08/21/42		150,813
	100,000		Ralcorp Holdings, Inc	6.625		08/15/39		120,342
	400,000		Reynolds American, Inc	1.050		10/30/15		399,876
	50,000		Reynolds American, Inc	6.750		06/15/17		60,381
	200,000		Reynolds American, Inc	7.750		06/01/18		256,611
	400,000		Reynolds American, Inc	3.250		11/01/22		401,798
	65,000		Reynolds American, Inc	7.250		06/15/37		85,237
	400,000		Reynolds American, Inc	4.750		11/01/42		403,551
	133,000		Sara Lee Corp	4.100		09/15/20		140,214
	400,000		Tyson Foods, Inc	4.500		06/15/22		433,006

			TOTAL FOOD, BEVERAGE & TOBACCO					46,067,695

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

HEALTH CARE EQUIPMENT & SERVICES - 0.4%
$	100,000	Allergan, Inc	5.750	%	04/01/16	$	115,069
	250,000	Allergan, Inc	3.375		09/15/20		270,402
	200,000	AmerisourceBergen Corp	5.875		09/15/15		226,473
	100,000	AmerisourceBergen Corp	3.500		11/15/21		107,339
	200,000	Baxter International, Inc	4.625		03/15/15		216,597
	200,000	Baxter International, Inc	5.900		09/01/16		235,805
	420,000	Baxter International, Inc	4.500		08/15/19		484,595
	116,000	Baxter International, Inc	6.250		12/01/37		158,638
	150,000	Baxter International, Inc	3.650		08/15/42		147,221
	25,000	Becton Dickinson & Co	5.000		05/15/19		29,633
	150,000	Becton Dickinson & Co	3.250		11/12/20		161,015
	850,000	Becton Dickinson and Co	3.125		11/08/21		908,222
	100,000	Bio-Rad Laboratories, Inc	4.875		12/15/20		105,725
	300,000	Boston Scientific Corp	6.400		06/15/16		344,841
	650,000	Boston Scientific Corp	6.000		01/15/20		758,194
	200,000	Cardinal Health, Inc	4.000		06/15/15		214,934
	100,000	Cardinal Health, Inc	4.625		12/15/20		113,490
	100,000	Cardinal Health, Inc	3.200		06/15/22		103,082
	100,000	CareFusion Corp	5.125		08/01/14		106,260
	100,000	CareFusion Corp	6.375		08/01/19		119,245
	100,000	Coventry Health Care, Inc	6.300		08/15/14		108,020
	100,000	Coventry Health Care, Inc	5.450		06/15/21		118,856
	450,000	Covidien International Finance S.A.	6.000		10/15/17		545,067
	650,000	Covidien International Finance S.A.	3.200		06/15/22		680,483
	100,000	Covidien International Finance S.A.	6.550		10/15/37		139,774
	225,000	CR Bard, Inc	1.375		01/15/18		226,188
	100,000	CR Bard, Inc	4.400		01/15/21		113,859
	100,000	DENTSPLY International, Inc	4.125		08/15/21		106,245
	225,000	Express Scripts	6.250		06/15/14		242,298
	300,000	Express Scripts, Inc	3.125		05/15/16		316,288
	100,000	Kaiser Foundation Hospitals	3.500		04/01/22		105,447
	100,000	Kaiser Foundation Hospitals	4.875		04/01/42		113,610
	200,000	Laboratory Corp of America Holdings	3.125		05/15/16		210,723
	100,000	Laboratory Corp of America Holdings	2.200		08/23/17		102,644
	200,000	Laboratory Corp of America Holdings	3.750		08/23/22		212,093
	100,000	McKesson Corp	0.950		12/04/15		100,141
	430,000	McKesson Corp	3.250		03/01/16		460,918
	25,000	McKesson Corp	5.700		03/01/17		29,535
	180,000	McKesson Corp	4.750		03/01/21		209,062
	100,000	McKesson Corp	2.700		12/15/22		100,033
	100,000	McKesson Corp	6.000		03/01/41		132,085
	250,000	Medco Health Solutions, Inc	2.750		09/15/15		260,595
	250,000	Medco Health Solutions, Inc	7.125		03/15/18		311,624
	205,000	Medtronic, Inc	4.750		09/15/15		227,160
	200,000	Medtronic, Inc	5.600		03/15/19		242,482
	1,305,000	Medtronic, Inc	4.450		03/15/20		1,515,901
	200,000	Medtronic, Inc	4.500		03/15/42		227,212
	150,000	PerkinElmer, Inc	5.000		11/15/21		166,307
	235,000	Quest Diagnostics, Inc	6.400		07/01/17		276,841
	20,000	St. Jude Medical, Inc	3.750		07/15/14		20,944

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	450,000	St. Jude Medical, Inc	2.500	%	01/15/16	$	466,473
	150,000	Stryker Corp	3.000		01/15/15		156,794
	150,000	Stryker Corp	2.000		09/30/16		156,192
	90,000	Stryker Corp	4.375		01/15/20		101,465
	165,000	Thermo Fisher Scientific, Inc	5.000		06/01/15		180,347
	550,000	Thermo Fisher Scientific, Inc	2.250		08/15/16		569,465
	150,000	Thermo Fisher Scientific, Inc	1.850		01/15/18		152,054
	455,000	Thermo Fisher Scientific, Inc	4.700		05/01/20		522,419
	250,000	Thermo Fisher Scientific, Inc	3.150		01/15/23		255,494
	100,000	Zimmer Holdings, Inc	1.400		11/30/14		100,752
	150,000	Zimmer Holdings, Inc	3.375		11/30/21		155,468
	106,000	Zimmer Holdings, Inc	5.750		11/30/39		129,317

		TOTAL HEALTH CARE EQUIPMENT & SERVICES					15,495,455


HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	100,000	Avon Products, Inc	5.625		03/01/14		104,431
	100,000	Avon Products, Inc	6.500		03/01/19		107,883
	25,000	Clorox Co	5.000		01/15/15		26,944
	350,000	Clorox Co	3.550		11/01/15		371,479
	400,000	Colgate-Palmolive Co	1.300		01/15/17		406,866
	200,000	Colgate-Palmolive Co	2.300		05/03/22		201,744
	200,000	Colgate-Palmolive Co	1.950		02/01/23		194,509
	60,000	Colgate-Palmolive Co	6.450		06/16/28		78,668
	150,000	Ecolab, Inc	2.375		12/08/14		154,836
	300,000	Ecolab, Inc	1.000		08/09/15		300,838
	100,000	Ecolab, Inc	3.000		12/08/16		106,271
	250,000	Ecolab, Inc	1.450		12/08/17		248,864
	350,000	Ecolab, Inc	4.350		12/08/21		390,663
	100,000	Ecolab, Inc	5.500		12/08/41		119,304
	200,000	Estee Lauder Cos, Inc	2.350		08/15/22		198,022
	100,000	Estee Lauder Cos, Inc	6.000		05/15/37		127,035
	425,000	Procter & Gamble Co	3.500		02/15/15		451,244
	1,325,000	Procter & Gamble Co	4.700		02/15/19		1,565,444
	800,000	Procter & Gamble Co	2.300		02/06/22		814,104
	225,000	Procter & Gamble Co	5.550		03/05/37		301,856

		TOTAL HOUSEHOLD & PERSONAL PRODUCTS					6,271,005

INSURANCE - 1.2%
	85,000	ACE INA Holdings, Inc	5.875		06/15/14		91,282
	200,000	ACE INA Holdings, Inc	5.600		05/15/15		222,005
	100,000	ACE INA Holdings, Inc	2.600		11/23/15		104,980
	25,000	ACE INA Holdings, Inc	5.800		03/15/18		30,475
	500,000	ACE INA Holdings, Inc	5.900		06/15/19		617,581
	400,000	Aegon NV	4.625		12/01/15		436,057
	125,000	Aetna, Inc	1.500		11/15/17		125,253
	200,000	Aetna, Inc	6.500		09/15/18		248,663
	250,000	Aetna, Inc	3.950		09/01/20		272,466
	500,000	Aetna, Inc	2.750		11/15/22		495,883
	240,000	Aetna, Inc	6.625		06/15/36		323,038
	350,000	Aetna, Inc	4.500		05/15/42		367,212
	500,000	Aetna, Inc	4.125		11/15/42		495,812
	200,000	Aflac, Inc	8.500		05/15/19		272,387

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	300,000		Aflac, Inc	4.000	%	02/15/22	$	323,617
	125,000		Aflac, Inc	6.900		12/17/39		166,219
	300,000		Alleghany Corp	4.950		06/27/22		328,606
	1,100,000		Allstate Corp	7.450		05/16/19		1,442,507
	175,000		Allstate Corp	5.550		05/09/35		214,113
	100,000		Allstate Corp	5.200		01/15/42		118,684
	100,000		American Financial Group, Inc	9.875		06/15/19		129,824
	600,000		American International Group, Inc	3.650		01/15/14		616,047
	700,000		American International Group, Inc	3.800		03/22/17		757,634
	1,350,000		American International Group, Inc	8.250		08/15/18		1,773,746
	900,000		American International Group, Inc	6.400		12/15/20		1,116,718
	900,000		American International Group, Inc	4.875		06/01/22		1,027,459
	500,000		American International Group, Inc	6.250		05/01/36		643,185
	328,000		American International Group, Inc	6.820		11/15/37		442,732
	200,000		Aon Corp	3.125		05/27/16		210,555
	50,000		Aon Corp	5.000		09/30/20		57,061
	200,000		Aon Corp	6.250		09/30/40		259,935
	100,000	g	Aon plc	4.250		12/12/42		95,371
	100,000		Assurant, Inc	6.750		02/15/34		111,421
	270,000		AXA S.A.	8.600		12/15/30		338,412
	50,000		Axis Specialty Finance	5.875		06/01/20		56,762
	333,000		Berkshire Hathaway Finance Corp	4.850		01/15/15		361,268
	300,000		Berkshire Hathaway Finance Corp	2.450		12/15/15		315,383
	300,000		Berkshire Hathaway Finance Corp	1.600		05/15/17		305,784
	750,000		Berkshire Hathaway Finance Corp	5.400		05/15/18		902,156
	200,000		Berkshire Hathaway Finance Corp	3.000		05/15/22		208,369
	300,000		Berkshire Hathaway Finance Corp	4.400		05/15/42		310,367
	200,000		Boardwalk Pipelines LP	3.375		02/01/23		196,431
	40,000		Chubb Corp	5.750		05/15/18		49,160
	350,000		Chubb Corp	6.000		05/11/37		456,717
	300,000	i	Chubb Corp	6.375		03/29/67		327,000
	540,000		CIGNA Corp	5.125		06/15/20		616,246
	400,000		CIGNA Corp	4.500		03/15/21		448,068
	200,000		CIGNA Corp	5.375		02/15/42		232,853
	200,000		Cincinnati Financial Corp	6.920		05/15/28		245,356
	200,000		CNA Financial Corp	5.850		12/15/14		217,136
	40,000		CNA Financial Corp	6.500		08/15/16		46,149
	200,000		CNA Financial Corp	5.750		08/15/21		234,581
	250,000		Fidelity National Financial, Inc	5.500		09/01/22		276,706
	335,000		Genworth Financial, Inc	4.950		10/01/15		354,340
	260,000		Genworth Financial, Inc	7.200		02/15/21		280,800
	300,000		Genworth Financial, Inc	7.625		09/24/21		331,071
	375,000		Hartford Financial Services Group, Inc	4.000		03/30/15		396,257
	200,000		Hartford Financial Services Group, Inc	5.375		03/15/17		225,970
	250,000		Hartford Financial Services Group, Inc	5.125		04/15/22		288,462
	330,000		Hartford Financial Services Group, Inc	6.625		03/30/40		414,251
	300,000		Humana, Inc	6.450		06/01/16		340,761
	100,000		Humana, Inc	3.150		12/01/22		99,443
	100,000		Humana, Inc	8.150		06/15/38		141,474
	200,000		Humana, Inc	4.625		12/01/42		201,961
	100,000		Infinity Property & Casualty Corp	5.000		09/19/22		104,324
	300,000		Lincoln National Corp	4.300		06/15/15		322,720

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		Lincoln National Corp	8.750	%	07/01/19	$	267,459
	400,000		Lincoln National Corp	4.200		03/15/22		429,137
	30,000		Lincoln National Corp	6.150		04/07/36		35,057
	150,000		Lincoln National Corp	7.000		06/15/40		195,232
	100,000		Loews Corp	5.250		03/15/16		111,452
	100,000		Manulife Financial Corp	3.400		09/17/15		105,151
	100,000		Manulife Financial Corp	4.900		09/17/20		111,915
	100,000		Markel Corp	7.125		09/30/19		120,422
	150,000		Markel Corp	4.900		07/01/22		163,098
	200,000		Marsh & McLennan Cos, Inc	5.375		07/15/14		213,500
	150,000		Marsh & McLennan Cos, Inc	2.300		04/01/17		153,017
	125,000		Marsh & McLennan Cos, Inc	9.250		04/15/19		168,608
	150,000		Marsh & McLennan Cos, Inc	4.800		07/15/21		168,787
	200,000		Memorial Sloan-Kettering Cancer Center	4.125		07/01/52		197,882
	280,000		Metlife, Inc	5.000		06/15/15		308,251
	575,000		Metlife, Inc	6.750		06/01/16		680,999
	175,000		Metlife, Inc	1.756		12/15/17		177,755
	1,050,000		Metlife, Inc	4.750		02/08/21		1,219,178
	700,000		Metlife, Inc	3.048		12/15/22		714,047
	50,000		Metlife, Inc	6.375		06/15/34		65,241
	405,000		Metlife, Inc	5.700		06/15/35		494,485
	130,000		Metlife, Inc	5.875		02/06/41		164,603
	200,000		Metlife, Inc	4.125		08/13/42		200,027
	200,000		Montpelier Re Holdings Ltd	4.700		10/15/22		204,617
	20,000		Nationwide Financial Services	6.750		05/15/37		20,845
	250,000		OneBeacon US Holdings, Inc	4.600		11/09/22		257,051
	100,000		PartnerRe Ltd	5.500		06/01/20		111,598
	100,000	g	Primerica, Inc	4.750		07/15/22		109,497
	100,000		Principal Financial Group, Inc	1.850		11/15/17		100,529
	130,000		Principal Financial Group, Inc	8.875		05/15/19		174,440
	100,000		Principal Financial Group, Inc	3.300		09/15/22		101,443
	150,000		Principal Financial Group, Inc	3.125		05/15/23		148,932
	100,000		Principal Financial Group, Inc	6.050		10/15/36		123,764
	100,000		Principal Financial Group, Inc	4.625		09/15/42		101,634
	200,000		Principal Financial Group, Inc	4.350		05/15/43		199,189
	120,000		Progressive Corp	6.250		12/01/32		154,413
	300,000	i	Progressive Corp	6.700		06/15/37		324,000
	100,000		Protective Life Corp	7.375		10/15/19		121,553
	295,000		Prudential Financial, Inc	5.100		09/20/14		315,754
	200,000		Prudential Financial, Inc	4.750		09/17/15		219,229
	300,000		Prudential Financial, Inc	3.000		05/12/16		316,744
	60,000		Prudential Financial, Inc	6.100		06/15/17		70,771
	1,020,000		Prudential Financial, Inc	7.375		06/15/19		1,295,263
	300,000		Prudential Financial, Inc	4.500		11/16/21		337,393
	400,000		Prudential Financial, Inc	5.750		07/15/33		455,843
	450,000		Prudential Financial, Inc	6.200		11/15/40		544,321
	125,000	i	Prudential Financial, Inc	5.875		09/15/42		131,250
	500,000	i	Prudential Financial, Inc	5.625		06/15/43		518,150
	150,000		Reinsurance Group of America, Inc	5.625		03/15/17		169,429
	100,000		Reinsurance Group of America, Inc	5.000		06/01/21		110,110
	100,000		StanCorp Financial Group, Inc	5.000		08/15/22		105,091
	200,000		Swiss Re Solutions Holding Corp	6.450		03/01/19		232,963

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	200,000	Swiss Re Solutions Holding Corp	7.000	%	02/15/26	$	254,251
	250,000	Torchmark Corp	3.800		09/15/22		256,198
	100,000	Transatlantic Holdings, Inc	5.750		12/14/15		110,490
	20,000	Transatlantic Holdings, Inc	8.000		11/30/39		26,634
	610,000	Travelers Cos, Inc	5.800		05/15/18		738,933
	130,000	Travelers Cos, Inc	5.900		06/02/19		160,939
	600,000	Travelers Cos, Inc	5.350		11/01/40		746,421
	100,000	Travelers Property Casualty Corp	6.375		03/15/33		133,123
	100,000	UnitedHealth Group, Inc	5.375		03/15/16		113,519
	325,000	UnitedHealth Group, Inc	1.400		10/15/17		325,508
	324,000	UnitedHealth Group, Inc	6.000		02/15/18		394,368
	700,000	UnitedHealth Group, Inc	4.700		02/15/21		815,498
	325,000	UnitedHealth Group, Inc	2.750		02/15/23		327,924
	365,000	UnitedHealth Group, Inc	6.625		11/15/37		482,725
	250,000	UnitedHealth Group, Inc	6.875		02/15/38		343,287
	150,000	UnitedHealth Group, Inc	4.625		11/15/41		160,141
	300,000	UnitedHealth Group, Inc	4.375		03/15/42		311,554
	350,000	UnitedHealth Group, Inc	3.950		10/15/42		348,527
	100,000	Unitrin, Inc	6.000		11/30/15		107,855
	110,000	Unum Group	5.625		09/15/20		125,684
	200,000	Verisk Analytics, Inc	5.800		05/01/21		224,129
	200,000	WellPoint, Inc	1.250		09/10/15		201,582
	700,000	WellPoint, Inc	5.875		06/15/17		830,818
	200,000	WellPoint, Inc	1.875		01/15/18		202,484
	150,000	WellPoint, Inc	3.700		08/15/21		157,764
	800,000	WellPoint, Inc	3.125		05/15/22		808,356
	200,000	WellPoint, Inc	3.300		01/15/23		205,201
	420,000	WellPoint, Inc	5.850		01/15/36		495,814
	300,000	WellPoint, Inc	4.625		05/15/42		309,845
	200,000	WellPoint, Inc	4.650		01/15/43		208,423
	200,000	Willis Group Holdings plc	5.750		03/15/21		227,607
	312,000	Willis North America, Inc	6.200		03/28/17		355,204
	165,000	WR Berkley Corp	5.375		09/15/20		184,581
	250,000	WR Berkley Corp	4.625		03/15/22		267,961
	350,000	XL Capital Ltd	6.375		11/15/24		420,693
	100,000	XL Group PLC	5.250		09/15/14		106,484

		TOTAL INSURANCE					48,616,910


MATERIALS - 1.0%
	300,000	3M Co	1.375		09/29/16		306,162
	200,000	3M Co	1.000		06/26/17		200,736
	200,000	3M Co	2.000		06/26/22		198,527
	190,000	3M Co	5.700		03/15/37		258,070
	100,000	Agrium, Inc	6.750		01/15/19		124,195
	150,000	Agrium, Inc	3.150		10/01/22		149,049
	100,000	Agrium, Inc	6.125		01/15/41		120,229
	200,000	Air Products & Chemicals, Inc	1.200		10/15/17		199,572
	150,000	Air Products & Chemicals, Inc	3.000		11/03/21		156,563
	180,000	Airgas, Inc	4.500		09/15/14		189,960
	250,000	Airgas, Inc	2.900		11/15/22		246,907
	100,000	Albemarle Corp	4.500		12/15/20		112,070
	200,000	Alcoa, Inc	5.550		02/01/17		216,508

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	430,000	Alcoa, Inc	6.150	%	08/15/20	$	469,622
	550,000	Alcoa, Inc	5.400		04/15/21		572,447
	300,000	Alcoa, Inc	5.870		02/23/22		323,595
	250,000	Alcoa, Inc	5.950		02/01/37		241,495
	100,000	Allegheny Technologies, Inc	5.950		01/15/21		110,777
	100,000	AngloGold Ashanti Holdings plc	5.375		04/15/20		103,206
	350,000	AngloGold Ashanti Holdings plc	5.125		08/01/22		354,719
	180,000	Barrick Australian Finance Pty Ltd	5.950		10/15/39		207,889
	50,000	Barrick Gold Corp	6.950		04/01/19		62,211
	250,000	Barrick Gold Corp	3.850		04/01/22		264,631
	250,000	Barrick Gold Corp	5.250		04/01/42		274,936
	1,500,000	Barrick North America Finance LLC	4.400		05/30/21		1,644,957
	110,000	Bemis Co, Inc	5.650		08/01/14		117,751
	100,000	Bemis Co, Inc	6.800		08/01/19		119,912
	200,000	Cabot Corp	3.700		07/15/22		202,795
	220,000	Celulosa Arauco y Constitucion S.A.	5.625		04/20/15		237,806
	100,000	Celulosa Arauco y Constitucion S.A.	5.000		01/21/21		106,355
	100,000	Celulosa Arauco y Constitucion S.A.	4.750		01/11/22		104,891
	350,000	CF Industries, Inc	7.125		05/01/20		440,488
	250,000	Church & Dwight Co, Inc	2.875		10/01/22		250,818
	300,000	Cliffs Natural Resources, Inc	3.950		01/15/18		301,945
	50,000	Cliffs Natural Resources, Inc	4.800		10/01/20		49,690
	200,000	Cliffs Natural Resources, Inc	4.875		04/01/21		198,633
	150,000	Cliffs Natural Resources, Inc	6.250		10/01/40		146,243
	100,000	Clorox Co	3.800		11/15/21		108,900
	100,000	Clorox Co	3.050		09/15/22		103,104
	100,000	Corning, Inc	1.450		11/15/17		100,393
	225,000	Corning, Inc	4.250		08/15/20		251,223
	100,000	Corning, Inc	5.750		08/15/40		119,216
	200,000	Corning, Inc	4.750		03/15/42		210,618
	100,000	Cytec Industries, Inc	6.000		10/01/15		110,341
	200,000	Domtar Corp	4.400		04/01/22		202,279
	100,000	Domtar Corp	6.250		09/01/42		105,240
	330,000	Dow Chemical Co	5.900		02/15/15		364,065
	591,000	Dow Chemical Co	8.550		05/15/19		797,895
	1,500,000	Dow Chemical Co	4.250		11/15/20		1,667,569
	500,000	Dow Chemical Co	4.125		11/15/21		547,762
	550,000	Dow Chemical Co	3.000		11/15/22		548,776
	350,000	Dow Chemical Co	5.250		11/15/41		390,358
	375,000	Dow Chemical Co	4.375		11/15/42		372,568
	175,000	Eastman Chemical Co	2.400		06/01/17		180,818
	165,000	Eastman Chemical Co	5.500		11/15/19		192,693
	250,000	Eastman Chemical Co	3.600		08/15/22		261,831
	150,000	Eastman Chemical Co	4.800		09/01/42		160,452
	90,000	EI du Pont de Nemours & Co	5.250		12/15/16		103,960
	700,000	EI du Pont de Nemours & Co	6.000		07/15/18		863,894
	1,420,000	EI du Pont de Nemours & Co	4.625		01/15/20		1,674,029
	100,000	FMC Corp	3.950		02/01/22		106,156
	650,000	Freeport-McMoRan Copper & Gold, Inc	3.550		03/01/22		644,654
	200,000	Georgia-Pacific LLC	7.700		06/15/15		230,760
	250,000	Georgia-Pacific LLC	7.750		11/15/29		341,892
	100,000	Hubbell, Inc	3.625		11/15/22		107,103

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		International Paper Co	7.400	%	06/15/14	$	216,616
	300,000		International Paper Co	7.950		06/15/18		387,848
	144,000		International Paper Co	9.375		05/15/19		196,374
	330,000		International Paper Co	7.500		08/15/21		431,865
	170,000		International Paper Co	7.300		11/15/39		230,445
	450,000		International Paper Co	6.000		11/15/41		532,859
	330,000		Kimberly-Clark Corp	6.250		07/15/18		413,810
	225,000		Kimberly-Clark Corp	3.625		08/01/20		248,986
	100,000		Kimberly-Clark Corp	3.875		03/01/21		112,004
	125,000		Kimberly-Clark Corp	2.400		03/01/22		126,584
	200,000		Kimberly-Clark Corp	6.625		08/01/37		290,803
	150,000		Kinross Gold Corp	5.125		09/01/21		153,903
	92,000		Lubrizol Corp	8.875		02/01/19		128,371
	150,000		Lubrizol Corp	6.500		10/01/34		206,975
	250,000		Martin Marietta Materials, Inc	6.600		04/15/18		276,773
	150,000		Methanex Corp	3.250		12/15/19		150,872
	200,000		Monsanto Co	2.750		04/15/16		211,502
	100,000		Monsanto Co	2.200		07/15/22		99,182
	150,000		Monsanto Co	5.500		08/15/25		188,315
	100,000		Monsanto Co	3.600		07/15/42		99,566
	100,000	g	NewMarket Corp	4.100		12/15/22		101,751
	200,000		Newmont Mining Corp	5.125		10/01/19		230,567
	300,000		Newmont Mining Corp	3.500		03/15/22		309,409
	298,000		Newmont Mining Corp	5.875		04/01/35		340,413
	135,000		Newmont Mining Corp	6.250		10/01/39		162,586
	300,000		Newmont Mining Corp	4.875		03/15/42		308,974
	100,000		Nucor Corp	5.750		12/01/17		119,964
	130,000		Nucor Corp	5.850		06/01/18		158,407
	300,000		Nucor Corp	4.125		09/15/22		331,777
	43,000		Owens Corning	9.000		06/15/19		53,738
	200,000		Owens Corning	4.200		12/15/22		203,397
	150,000		Packaging Corp of America	3.900		06/15/22		155,333
	100,000		Plum Creek Timberlands LP	4.700		03/15/21		111,151
	300,000		Plum Creek Timberlands LP	3.250		03/15/23		294,982
	650,000		Potash Corp of Saskatchewan, Inc	4.875		03/30/20		747,196
	150,000		PPG Industries, Inc	2.700		08/15/22		148,540
	150,000		PPG Industries, Inc	6.650		03/15/18		186,241
	300,000		PPG Industries, Inc	3.600		11/15/20		323,517
	405,000		Praxair, Inc	5.250		11/15/14		440,212
	440,000		Praxair, Inc	3.250		09/15/15		469,698
	200,000		Praxair, Inc	1.050		11/07/17		200,037
	250,000		Praxair, Inc	2.200		08/15/22		244,755
	625,000		Praxair, Inc	3.550		11/07/42		605,485
	500,000		Precision Castparts Corp	1.250		01/15/18		500,825
	275,000		Precision Castparts Corp	2.500		01/15/23		276,762
	100,000		Precision Castparts Corp	3.900		01/15/43		102,588
	150,000		Rio Tinto Finance USA Ltd	2.500		05/20/16		156,590
	1,500,000		Rio Tinto Finance USA Ltd	6.500		07/15/18		1,872,183
	570,000		Rio Tinto Finance USA Ltd	3.500		11/02/20		604,210
	200,000		Rio Tinto Finance USA Ltd	4.125		05/20/21		220,990
	200,000		Rio Tinto Finance USA Ltd	3.750		09/20/21		213,860
	250,000		Rio Tinto Finance USA Ltd	7.125		07/15/28		338,894

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	150,000		Rio Tinto Finance USA Ltd	5.200	%	11/02/40	$	176,285
	225,000		Rio Tinto Finance USA plc	2.875		08/21/22		226,488
	200,000		Rohm and Haas Co	6.000		09/15/17		236,934
	100,000		RPM International, Inc	6.125		10/15/19		116,734
	300,000		RPM International, Inc	3.450		11/15/22		293,927
	100,000		Sherwin-Williams Co	3.125		12/15/14		104,666
	175,000		Sherwin-Williams Co	1.350		12/15/17		174,616
	200,000		Sherwin-Williams Co	4.000		12/15/42		199,854
	150,000		Sonoco Products Co	5.750		11/01/40		172,659
	200,000		Southern Copper Corp	5.375		04/16/20		229,517
	100,000		Southern Copper Corp	7.500		07/27/35		128,379
	680,000		Southern Copper Corp	6.750		04/16/40		818,635
	50,000		Teck Resources Ltd	3.850		08/15/17		53,566
	100,000		Teck Resources Ltd	2.500		02/01/18		102,081
	300,000		Teck Resources Ltd	3.000		03/01/19		309,272
	600,000		Teck Resources Ltd	4.500		01/15/21		652,824
	275,000		Teck Resources Ltd	4.750		01/15/22		302,631
	100,000		Teck Resources Ltd	3.750		02/01/23		102,568
	100,000		Teck Resources Ltd	6.250		07/15/41		117,626
	200,000		Teck Resources Ltd	5.200		03/01/42		204,416
	150,000		Teck Resources Ltd	5.400		02/01/43		158,696
	450,000		Vale S.A.	5.625		09/11/42		488,520
	150,000		Valspar Corp	4.200		01/15/22		163,860
	150,000		Westlake Chemical Corp	3.600		07/15/22		150,639
	600,000	g	Xstrata Finance Canada Ltd	1.800		10/23/15		603,258

			TOTAL MATERIALS					41,782,245


MEDIA - 0.9%
	100,000		CBS Corp	1.950		07/01/17		101,879
	50,000		CBS Corp	5.750		04/15/20		59,888
	445,000		CBS Corp	4.300		02/15/21		490,908
	500,000		CBS Corp	3.375		03/01/22		519,888
	200,000		CBS Corp	7.875		07/30/30		276,148
	200,000		CBS Corp	4.850		07/01/42		208,158
	20,000		Comcast Cable Communications Holdings, Inc	8.375		03/15/13		20,315
	450,000		Comcast Cable Communications LLC	8.875		05/01/17		583,580
	975,000		Comcast Corp	5.300		01/15/14		1,022,954
	1,595,000		Comcast Corp	5.150		03/01/20		1,890,496
	1,350,000		Comcast Corp	3.125		07/15/22		1,406,477
	129,000		Comcast Corp	7.050		03/15/33		171,838
	345,000		Comcast Corp	5.650		06/15/35		404,800
	350,000		Comcast Corp	6.950		08/15/37		474,623
	780,000		Comcast Corp	6.400		03/01/40		1,010,352
	350,000		Comcast Corp	4.650		07/15/42		368,922
	91,000		COX Communications, Inc	5.450		12/15/14		99,243
	50,000		DIRECTV Holdings LLC	4.750		10/01/14		53,386
	600,000		DIRECTV Holdings LLC	3.550		03/15/15		631,174
	100,000		DIRECTV Holdings LLC	3.500		03/01/16		105,941
	500,000		DIRECTV Holdings LLC	2.400		03/15/17		512,159
	285,000		DIRECTV Holdings LLC	5.200		03/15/20		323,422
	500,000		DIRECTV Holdings LLC	4.600		02/15/21		541,270
	1,050,000		DIRECTV Holdings LLC	5.000		03/01/21		1,177,869

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000		DIRECTV Holdings LLC	3.800	%	03/15/22	$	257,914
	145,000		DIRECTV Holdings LLC	6.000		08/15/40		160,889
	100,000		DIRECTV Holdings LLC	6.375		03/01/41		115,722
	250,000		DIRECTV Holdings LLC	5.150		03/15/42		252,858
	500,000		Discovery Communications LLC	3.300		05/15/22		513,559
	100,000		Discovery Communications LLC	4.950		05/15/42		106,880
	350,000		Grupo Televisa S.A.	6.625		03/18/25		451,974
	348,000		Historic TW, Inc	6.625		05/15/29		444,070
	100,000		Interpublic Group of Cos, Inc	6.250		11/15/14		108,250
	300,000		Interpublic Group of Cos, Inc	2.250		11/15/17		295,683
	100,000		Interpublic Group of Cos, Inc	4.000		03/15/22		103,533
	235,000		NBC Universal Media LLC	3.650		04/30/15		249,997
	585,000		NBC Universal Media LLC	5.150		04/30/20		693,491
	820,000		NBC Universal Media LLC	4.375		04/01/21		921,140
	375,000		NBC Universal Media LLC	2.875		01/15/23		376,596
	95,000		NBC Universal Media LLC	6.400		04/30/40		121,896
	150,000		NBC Universal Media LLC	5.950		04/01/41		183,905
	900,000		NBC Universal Media LLC	4.450		01/15/43		911,373
	355,000		News America, Inc	7.250		05/18/18		446,920
	600,000		News America, Inc	4.500		02/15/21		685,467
	350,000	g	News America, Inc	3.000		09/15/22		351,575
	1,325,000		News America, Inc	6.200		12/15/34		1,604,771
	700,000		News America, Inc	6.150		02/15/41		886,608
	200,000		Omnicom Group, Inc	5.900		04/15/16		227,975
	200,000		Omnicom Group, Inc	4.450		08/15/20		222,547
	400,000		Omnicom Group, Inc	3.625		05/01/22		416,688
	500,000		Time Warner Cable, Inc	5.850		05/01/17		590,659
	170,000		Time Warner Cable, Inc	6.750		07/01/18		212,361
	910,000		Time Warner Cable, Inc	8.750		02/14/19		1,227,736
	1,100,000		Time Warner Cable, Inc	8.250		04/01/19		1,463,811
	800,000		Time Warner Cable, Inc	4.000		09/01/21		878,132
	500,000		Time Warner Cable, Inc	6.550		05/01/37		618,607
	175,000		Time Warner Cable, Inc	6.750		06/15/39		221,965
	690,000		Time Warner Cable, Inc	5.875		11/15/40		803,985
	300,000		Time Warner Cable, Inc	5.500		09/01/41		333,800
	250,000		Time Warner Cable, Inc	4.500		09/15/42		243,812
	490,000		Time Warner, Inc	3.150		07/15/15		518,173
	628,000		Time Warner, Inc	5.875		11/15/16		735,320
	450,000		Time Warner, Inc	4.750		03/29/21		517,145
	1,400,000		Time Warner, Inc	3.400		06/15/22		1,460,311
	785,000		Time Warner, Inc	6.500		11/15/36		981,917
	350,000		Time Warner, Inc	6.100		07/15/40		423,751
	150,000		Time Warner, Inc	6.250		03/29/41		185,206
	400,000		Time Warner, Inc	4.900		06/15/42		429,099
	406,000		Viacom, Inc	4.375		09/15/14		430,163
	300,000		Viacom, Inc	1.250		02/27/15		302,929
	400,000		Viacom, Inc	3.875		12/15/21		435,946
	500,000		Viacom, Inc	3.125		06/15/22		511,900
	200,000		Viacom, Inc	4.500		02/27/42		197,302
	504,000	g	Viacom, Inc	4.375		03/15/43		495,788
	261,000		WPP Finance 2010	4.750		11/21/21		282,688
	300,000		WPP Finance 2010	3.625		09/07/22		298,400

			TOTAL MEDIA					38,368,877

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.1%
	$1,700,000	g	AbbVie, Inc	1.200	%	11/06/15	$	1,711,358
	800,000	g	AbbVie, Inc	1.750		11/06/17		808,702
	700,000	g	AbbVie, Inc	2.000		11/06/18		709,048
	925,000	g	AbbVie, Inc	2.900		11/06/22		942,002
	1,075,000	g	AbbVie, Inc	4.400		11/06/42		1,142,869
	300,000		Amgen, Inc	2.500		11/15/16		315,202
	300,000		Amgen, Inc	2.125		05/15/17		310,782
	550,000		Amgen, Inc	5.850		06/01/17		651,329
	75,000		Amgen, Inc	4.500		03/15/20		85,323
	250,000		Amgen, Inc	3.450		10/01/20		267,604
	700,000		Amgen, Inc	4.100		06/15/21		775,489
	500,000		Amgen, Inc	3.625		05/15/22		537,323
	500,000		Amgen, Inc	6.375		06/01/37		628,994
	700,000		Amgen, Inc	6.400		02/01/39		906,261
	150,000		Amgen, Inc	4.950		10/01/41		165,357
	400,000		Amgen, Inc	5.150		11/15/41		450,146
	300,000		Amgen, Inc	5.375		05/15/43		353,708
	900,000	g	Aristotle Holding, Inc	2.750		11/21/14		928,436
	150,000	g	Aristotle Holding, Inc	3.500		11/15/16		160,375
	300,000	g	Aristotle Holding, Inc	2.650		02/15/17		311,817
	250,000	g	Aristotle Holding, Inc	4.750		11/15/21		283,706
	525,000	g	Aristotle Holding, Inc	3.900		02/15/22		566,082
	150,000	g	Aristotle Holding, Inc	6.125		11/15/41		191,356
	800,000		AstraZeneca plc	5.900		09/15/17		972,020
	250,000		AstraZeneca plc	1.950		09/18/19		253,374
	500,000		AstraZeneca plc	6.450		09/15/37		677,170
	450,000		AstraZeneca plc	4.000		09/18/42		455,155
	100,000		Biogen Idec, Inc	6.875		03/01/18		123,867
	250,000		Bristol-Myers Squibb Co	0.875		08/01/17		247,539
	300,000		Bristol-Myers Squibb Co	5.450		05/01/18		362,401
	303,000		Bristol-Myers Squibb Co	6.125		05/01/38		406,448
	250,000		Bristol-Myers Squibb Co	3.250		08/01/42		228,859
	200,000		Eli Lilly & Co	4.200		03/06/14		208,655
	375,000		Eli Lilly & Co	5.200		03/15/17		437,662
	200,000		Eli Lilly & Co	7.125		06/01/25		283,269
	250,000		Eli Lilly & Co	5.550		03/15/37		313,127
	125,000		Genentech, Inc	4.750		07/15/15		137,853
	100,000		Genentech, Inc	5.250		07/15/35		120,556
	275,000		Genzyme Corp	3.625		06/15/15		294,637
	100,000		Gilead Sciences, Inc	2.400		12/01/14		103,123
	600,000		Gilead Sciences, Inc	4.500		04/01/21		685,712
	350,000		Gilead Sciences, Inc	4.400		12/01/21		398,987
	100,000		Gilead Sciences, Inc	5.650		12/01/41		124,229
	400,000		GlaxoSmithKline Capital, Inc	4.375		04/15/14		419,795
	1,045,000		GlaxoSmithKline Capital, Inc	5.650		05/15/18		1,272,856
	350,000		GlaxoSmithKline Capital, Inc	5.375		04/15/34		425,659
	443,000		GlaxoSmithKline Capital, Inc	6.375		05/15/38		611,981
	500,000		Hospira, Inc	6.050		03/30/17		580,481
	100,000		Hospira, Inc	5.600		09/15/40		105,464

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	100,000	ICI Wilmington, Inc	5.625	%	12/01/13	$	104,417
	900,000	Johnson & Johnson	2.150		05/15/16		940,398
	600,000	Johnson & Johnson	2.950		09/01/20		648,896
	375,000	Johnson & Johnson	5.850		07/15/38		514,040
	180,000	Johnson & Johnson	4.500		09/01/40		210,524
	150,000	Johnson & Johnson	4.850		05/15/41		185,483
	115,000	Life Technologies Corp	3.500		01/15/16		121,038
	300,000	Life Technologies Corp	5.000		01/15/21		338,074
	385,000	Mead Johnson Nutrition Co	4.900		11/01/19		439,385
	785,000	Merck & Co, Inc	6.000		09/15/17		962,080
	200,000	Merck & Co, Inc	1.100		01/31/18		199,842
	1,500,000	Merck & Co, Inc	3.875		01/15/21		1,683,369
	200,000	Merck & Co, Inc	2.400		09/15/22		200,065
	150,000	Merck & Co, Inc	6.500		12/01/33		214,810
	100,000	Merck & Co, Inc	3.600		09/15/42		98,665
	300,000	Novartis Capital Corp	4.125		02/10/14		312,008
	1,245,000	Novartis Capital Corp	2.900		04/24/15		1,308,815
	390,000	Novartis Capital Corp	4.400		04/24/20		454,896
	300,000	Novartis Capital Corp	2.400		09/21/22		300,809
	100,000	Novartis Capital Corp	3.700		09/21/42		99,567
	1,460,000	Pfizer, Inc	6.200		03/15/19		1,845,405
	800,000	Sanofi-Aventis S.A.	2.625		03/29/16		842,018
	450,000	Sanofi-Aventis S.A.	4.000		03/29/21		512,926
	540,000	Schering-Plough Corp	6.550		09/15/37		773,875
	100,000	Sigma-Aldrich Corp	3.375		11/01/20		106,726
	600,000	Teva Pharmaceutical Finance Co BV	2.400		11/10/16		625,271
	400,000	Teva Pharmaceutical Finance Co BV	2.950		12/18/22		404,623
	600,000	Teva Pharmaceutical Finance Co LLC	3.000		06/15/15		630,820
	350,000	Teva Pharmaceutical Finance Co LLC	6.150		02/01/36		458,077
	200,000	Teva Pharmaceutical Finance IV LLC	2.250		03/18/20		201,785
	125,000	Watson Pharmaceuticals, Inc	5.000		08/15/14		133,162
	250,000	Watson Pharmaceuticals, Inc	1.875		10/01/17		253,287
	575,000	Watson Pharmaceuticals, Inc	3.250		10/01/22		586,988
	250,000	Watson Pharmaceuticals, Inc	4.625		10/01/42		260,283
	650,000	Wyeth LLC	5.500		02/15/16		742,418
	500,000	Wyeth LLC	5.450		04/01/17		590,720
	1,000,000	Wyeth LLC	6.450		02/01/24		1,357,416
	945,000	Wyeth LLC	5.950		04/01/37		1,260,598

		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					44,377,727


REAL ESTATE - 0.5%
	150,000	Alexandria Real Estate Equities, Inc	4.600		04/01/22		161,007
	105,000	AMB Property LP	7.625		08/15/14		114,861
	165,000	AMB Property LP	4.500		08/15/17		179,933
	384,000	AMB Property LP	6.625		05/15/18		463,805
	100,000	AvalonBay Communities, Inc	3.950		01/15/21		107,505
	225,000	AvalonBay Communities, Inc	2.950		09/15/22		224,128
	100,000	AvalonBay Communities, Inc	2.850		03/15/23		98,727
	115,000	BioMed Realty LP	6.125		04/15/20		133,883
	100,000	BioMed Realty LP	4.250		07/15/22		104,322
	25,000	Boston Properties LP	5.000		06/01/15		27,311
	150,000	Boston Properties LP	3.700		11/15/18		162,943

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	80,000		Boston Properties LP	5.875	%	10/15/19	$	95,393
	175,000		Boston Properties LP	4.125		05/15/21		190,196
	500,000		Boston Properties LP	3.850		02/01/23		525,242
	115,000		Brandywine Operating Partnership LP	5.700		05/01/17		130,224
	200,000		Brandywine Operating Partnership LP	3.950		02/15/23		198,236
	250,000		BRE Properties, Inc	3.375		01/15/23		247,457
	100,000		Camden Property Trust	4.625		06/15/21		110,257
	200,000		Camden Property Trust	2.950		12/15/22		194,996
	200,000		CommonWealth REIT	6.250		08/15/16		219,407
	100,000		CubeSmart LP	4.800		07/15/22		108,611
	500,000		DDR Corp	4.625		07/15/22		545,676
	275,000		Duke Realty LP	5.950		02/15/17		314,365
	200,000		Duke Realty LP	4.375		06/15/22		209,718
	100,000		Duke Realty LP	3.875		10/15/22		101,826
	100,000		Entertainment Properties Trust	5.750		08/15/22		103,691
	200,000		Equity One, Inc	3.750		11/15/22		197,581
	35,000		ERP Operating LP	5.250		09/15/14		37,598
	500,000		ERP Operating LP	5.125		03/15/16		557,628
	750,000		ERP Operating LP	4.625		12/15/21		844,810
	100,000	g	Essex Portfolio LP	3.625		08/15/22		99,828
	100,000		Federal Realty Investment Trust	3.000		08/01/22		98,987
	150,000		HCP, Inc	3.750		02/01/16		159,200
	430,000		HCP, Inc	6.000		01/30/17		493,962
	150,000		HCP, Inc	3.750		02/01/19		158,301
	250,000		HCP, Inc	2.625		02/01/20		249,024
	150,000		HCP, Inc	5.375		02/01/21		170,813
	400,000		HCP, Inc	3.150		08/01/22		392,004
	30,000		HCP, Inc	6.750		02/01/41		38,835
	100,000		Health Care REIT, Inc	3.625		03/15/16		105,597
	200,000		Health Care REIT, Inc	4.700		09/15/17		223,094
	150,000		Health Care REIT, Inc	2.250		03/15/18		149,874
	200,000		Health Care REIT, Inc	4.125		04/01/19		215,152
	440,000		Health Care REIT, Inc	6.125		04/15/20		515,329
	300,000		Health Care REIT, Inc	3.750		03/15/23		300,556
	200,000		Health Care REIT, Inc	5.125		03/15/43		191,960
	300,000		Healthcare Realty Trust, Inc	6.500		01/17/17		343,019
	125,000		Highwoods Properties, Inc	5.850		03/15/17		140,975
	100,000		Highwoods Realty LP	3.625		01/15/23		97,926
	350,000		Hospitality Properties Trust	5.125		02/15/15		368,145
	100,000		Hospitality Properties Trust	5.000		08/15/22		105,801
	50,000		HRPT Properties Trust	5.875		09/15/20		53,105
	250,000		Jones Lang LaSalle, Inc	4.400		11/15/22		255,388
	35,000		Kilroy Realty Corp	5.000		11/03/15		38,180
	145,000		Kimco Realty Corp	5.700		05/01/17		167,028
	220,000		Liberty Property LP	4.750		10/01/20		240,323
	150,000		Liberty Property LP	4.125		06/15/22		157,662
	100,000		Liberty Property LP	3.375		06/15/23		98,946
	125,000		Mack-Cali Realty Corp	7.750		08/15/19		154,911
	200,000		Mack-Cali Realty LP	2.500		12/15/17		202,142
	150,000		Mack-Cali Realty LP	4.500		04/18/22		159,981
	75,000		National Retail Properties, Inc	6.875		10/15/17		90,470
	100,000		National Retail Properties, Inc	3.800		10/15/22		101,546

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	20,000		Nationwide Health Properties, Inc	6.250	%	02/01/13	$	20,081
	400,000		OMEGA Healthcare Investors, Inc	6.750		10/15/22		435,000
	300,000		Post Apartment Homes LP	3.375		12/01/22		298,458
	200,000		Rayonier, Inc	3.750		04/01/22		204,355
	40,000		Realty Income Corp	5.950		09/15/16		45,813
	150,000		Realty Income Corp	2.000		01/31/18		149,875
	75,000		Realty Income Corp	5.750		01/15/21		88,053
	200,000		Realty Income Corp	3.250		10/15/22		195,783
	175,000		Regency Centers LP	5.250		08/01/15		190,829
	10,000		Regency Centers LP	5.875		06/15/17		11,565
	100,000		Senior Housing Properties Trust	6.750		12/15/21		115,318
	488,000		Simon Property Group LP	5.100		06/15/15		537,540
	295,000		Simon Property Group LP	5.250		12/01/16		337,521
	100,000		Simon Property Group LP	2.800		01/30/17		105,519
	740,000		Simon Property Group LP	10.350		04/01/19		1,058,190
	290,000		Simon Property Group LP	4.375		03/01/21		326,125
	300,000		Simon Property Group LP	3.375		03/15/22		316,835
	200,000		Simon Property Group LP	2.750		02/01/23		199,888
	300,000		Simon Property Group LP	4.750		03/15/42		321,395
	200,000		UDR, Inc	4.625		01/10/22		219,946
	100,000	g,i	USB Realty Corp	1.487		12/30/49		86,014
	55,000		Ventas Realty LP	3.125		11/30/15		57,983
	175,000		Ventas Realty LP	2.000		02/15/18		175,113
	300,000		Ventas Realty LP	4.750		06/01/21		328,073
	350,000		Ventas Realty LP	3.250		08/15/22		343,172
	100,000		Vornado Realty LP	5.000		01/15/22		110,340
	195,000		Washington Real Estate Investment Trust	4.950		10/01/20		214,081
	100,000		Washington Real Estate Investment Trust	3.950		10/15/22		102,182
	100,000		Weingarten Realty Investors	3.375		10/15/22		98,596

			TOTAL REAL ESTATE					19,743,044


RETAILING - 0.7%
	120,000		Advance Auto Parts, Inc	5.750		05/01/20		129,298
	600,000		Amazon.com, Inc	0.650		11/27/15		599,638
	600,000		Amazon.com, Inc	1.200		11/29/17		596,702
	600,000		Amazon.com, Inc	2.500		11/29/22		591,372
	150,000		AutoZone, Inc	6.500		01/15/14		158,367
	100,000		AutoZone, Inc	4.000		11/15/20		108,447
	200,000		AutoZone, Inc	3.700		04/15/22		210,260
	300,000		AutoZone, Inc	2.875		01/15/23		294,043
	300,000		Cooper US, Inc	2.375		01/15/16		310,323
	320,000		Costco Wholesale Corp	5.500		03/15/17		377,255
	500,000		Costco Wholesale Corp	1.125		12/15/17		503,348
	250,000		Costco Wholesale Corp	1.700		12/15/19		251,703
	100,000		Family Dollar Stores, Inc	5.000		02/01/21		107,945
	250,000		Gap, Inc	5.950		04/12/21		286,009
	155,000		Home Depot, Inc	5.250		12/16/13		162,170
	600,000		Home Depot, Inc	5.400		03/01/16		685,450
	400,000		Home Depot, Inc	3.950		09/15/20		457,979
	350,000		Home Depot, Inc	4.400		04/01/21		412,786
	960,000		Home Depot, Inc	5.875		12/16/36		1,261,636
	125,000		Kohl’s Corp	6.250		12/15/17		149,813

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		Kohl’s Corp	3.250	%	02/01/23	$	194,192
	150,000		Kohl’s Corp	6.000		01/15/33		172,913
	100,000		Kohl’s Corp	6.875		12/15/37		128,188
	400,000		Lowe’s Cos, Inc	2.125		04/15/16		414,945
	200,000		Lowe’s Cos, Inc	3.800		11/15/21		220,924
	850,000		Lowe’s Cos, Inc	3.120		04/15/22		894,767
	200,000		Lowe’s Cos, Inc	6.875		02/15/28		261,688
	175,000		Lowe’s Cos, Inc	5.500		10/15/35		213,281
	150,000		Lowe’s Cos, Inc	5.800		04/15/40		190,934
	150,000		Lowe’s Cos, Inc	5.125		11/15/41		175,925
	100,000		Lowe’s Cos, Inc	4.650		04/15/42		111,341
	191,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		224,428
	250,000		Macy’s Retail Holdings, Inc	3.875		01/15/22		266,467
	125,000		Macy’s Retail Holdings, Inc	2.875		02/15/23		122,404
	400,000		Macy’s Retail Holdings, Inc	6.900		04/01/29		482,611
	200,000		Macy’s Retail Holdings, Inc	6.375		03/15/37		240,756
	200,000		Macy’s Retail Holdings, Inc	4.300		02/15/43		194,600
	300,000		Nordstrom, Inc	6.250		01/15/18		363,706
	30,000		Nordstrom, Inc	4.750		05/01/20		34,829
	100,000		Nordstrom, Inc	4.000		10/15/21		111,495
	100,000		Nordstrom, Inc	7.000		01/15/38		141,652
	150,000		O’Reilly Automotive, Inc	4.875		01/14/21		166,143
	100,000		O’Reilly Automotive, Inc	3.800		09/01/22		104,049
	900,000	g	Phillips 66	2.950		05/01/17		953,853
	400,000	g	Phillips 66	5.875		05/01/42		481,334
	100,000	g	QVC, Inc	5.125		07/02/22		104,819
	288,000		Staples, Inc	9.750		01/15/14		313,112
	100,000		Target Corp	1.125		07/18/14		100,972
	1,150,000		Target Corp	3.875		07/15/20		1,289,321
	150,000		Target Corp	2.900		01/15/22		158,988
	460,000		Target Corp	7.000		07/15/31		641,341
	200,000		Target Corp	6.500		10/15/37		279,171
	150,000		Target Corp	7.000		01/15/38		220,321
	550,000		Target Corp	4.000		07/01/42		565,058
	105,000		TJX Cos, Inc	6.950		04/15/19		134,498
	650,000		Wal-Mart Stores, Inc	4.500		07/01/15		711,872
	200,000		Wal-Mart Stores, Inc	1.500		10/25/15		205,854
	200,000		Wal-Mart Stores, Inc	2.800		04/15/16		213,298
	300,000		Wal-Mart Stores, Inc	3.625		07/08/20		333,499
	1,400,000		Wal-Mart Stores, Inc	3.250		10/25/20		1,524,251
	1,950,000		Wal-Mart Stores, Inc	4.250		04/15/21		2,264,603
	69,000		Wal-Mart Stores, Inc	7.550		02/15/30		101,517
	1,095,000		Wal-Mart Stores, Inc	5.250		09/01/35		1,330,203
	160,000		Wal-Mart Stores, Inc	6.500		08/15/37		224,991
	900,000		Wal-Mart Stores, Inc	6.200		04/15/38		1,222,965
	65,000		Wal-Mart Stores, Inc	5.625		04/01/40		84,307
	345,000		Wal-Mart Stores, Inc	5.000		10/25/40		417,435

			TOTAL RETAILING					26,964,365


SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	200,000		Altera Corp	1.750		05/15/17		204,356
	85,000		Analog Devices, Inc	5.000		07/01/14		90,396

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	55,000		Broadcom Corp	1.500	%	11/01/13	$	55,463
	140,000		Broadcom Corp	2.375		11/01/15		145,948
	150,000	g	Broadcom Corp	2.500		08/15/22		148,275
	900,000		Intel Corp	1.950		10/01/16		929,793
	475,000		Intel Corp	1.350		12/15/17		474,863
	750,000		Intel Corp	2.700		12/15/22		748,951
	750,000		Intel Corp	4.000		12/15/32		745,492
	500,000		Intel Corp	4.800		10/01/41		550,303
	310,000		National Semiconductor Corp	3.950		04/15/15		333,874
	200,000		Texas Instruments, Inc	0.450		08/03/15		198,985
	200,000		Texas Instruments, Inc	2.375		05/16/16		209,319
	200,000		Texas Instruments, Inc	1.650		08/03/19		199,552

			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT					5,035,570


SOFTWARE & SERVICES - 0.4%
	285,000		Adobe Systems, Inc	3.250		02/01/15		298,447
	20,000		Adobe Systems, Inc	4.750		02/01/20		22,384
	200,000		Autodesk, Inc	1.950		12/15/17		199,006
	300,000		Baidu, Inc	2.250		11/28/17		301,860
	200,000		Baidu, Inc	3.500		11/28/22		200,561
	300,000		BMC Software, Inc	4.250		02/15/22		304,616
	200,000		BMC Software, Inc	4.500		12/01/22		205,693
	20,000		CA, Inc	6.125		12/01/14		21,795
	300,000		CA, Inc	5.375		12/01/19		341,652
	120,000		Computer Sciences Corp	6.500		03/15/18		139,975
	200,000		Computer Sciences Corp	4.450		09/15/22		208,869
	300,000		Expedia, Inc	7.456		08/15/18		357,562
	50,000		Fiserv, Inc	3.125		10/01/15		52,423
	150,000		Fiserv, Inc	3.125		06/15/16		157,571
	100,000		Fiserv, Inc	6.800		11/20/17		120,321
	550,000		Fiserv, Inc	3.500		10/01/22		559,975
	100,000		Google, Inc	1.250		05/19/14		101,235
	300,000		Google, Inc	2.125		05/19/16		313,261
	100,000		Google, Inc	3.625		05/19/21		111,284
	700,000		International Business Machines Corp	0.750		05/11/15		704,240
	250,000		International Business Machines Corp	1.950		07/22/16		259,818
	225,000		International Business Machines Corp	1.250		02/06/17		227,376
	200,000		Intuit, Inc	5.750		03/15/17		230,708
	175,000		Juniper Networks, Inc	4.600		03/15/21		185,459
	475,000		Microsoft Corp	0.875		11/15/17		472,499
	675,000		Microsoft Corp	4.200		06/01/19		778,145
	540,000		Microsoft Corp	3.000		10/01/20		582,742
	450,000		Microsoft Corp	4.000		02/08/21		515,300
	400,000		Microsoft Corp	2.125		11/15/22		396,082
	400,000		Microsoft Corp	5.300		02/08/41		501,116
	500,000		Microsoft Corp	3.500		11/15/42		483,401
	320,000		Oracle Corp	3.750		07/08/14		335,959
	1,000,000		Oracle Corp	1.200		10/15/17		1,002,968
	320,000		Oracle Corp	5.750		04/15/18		389,442
	1,365,000		Oracle Corp	3.875		07/15/20		1,539,487
	925,000		Oracle Corp	2.500		10/15/22		933,333
	550,000		Oracle Corp	6.500		04/15/38		764,784

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	470,000		Oracle Corp	6.125	%	07/08/39	$	627,255
	290,000		Symantec Corp	2.750		09/15/15		299,936
	250,000		Symantec Corp	2.750		06/15/17		257,106
	200,000		Symantec Corp	3.950		06/15/22		202,998

			TOTAL SOFTWARE & SERVICES					15,708,644


TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
	75,000		Amphenol Corp	4.750		11/15/14		79,913
	150,000		Amphenol Corp	4.000		02/01/22		158,622
	100,000	g	CC Holdings GS V LLC	2.381		12/15/17		100,489
	175,000	g	CC Holdings GS V LLC	3.849		04/15/23		178,029
	1,043,000		Cisco Systems, Inc	4.950		02/15/19		1,234,722
	1,900,000		Cisco Systems, Inc	4.450		01/15/20		2,203,179
	400,000		Cisco Systems, Inc	5.900		02/15/39		520,580
	200,000		Dell, Inc	3.100		04/01/16		210,055
	750,000		Dell, Inc	5.875		06/15/19		864,845
	510,000		Discovery Communications LLC	5.050		06/01/20		590,149
	100,000		Discovery Communications LLC	4.375		06/15/21		111,650
	100,000		Discovery Communications LLC	6.350		06/01/40		123,594
	300,000		General Electric Co	0.850		10/09/15		301,058
	750,000		General Electric Co	5.250		12/06/17		884,362
	975,000		General Electric Co	2.700		10/09/22		993,824
	825,000		General Electric Co	4.125		10/09/42		848,635
	300,000		Harris Corp	4.400		12/15/20		324,520
	575,000		Hewlett-Packard Co	4.750		06/02/14		599,382
	600,000		Hewlett-Packard Co	2.125		09/13/15		599,585
	1,900,000		Hewlett-Packard Co	3.000		09/15/16		1,912,154
	175,000		Hewlett-Packard Co	2.600		09/15/17		170,477
	700,000		Hewlett-Packard Co	3.750		12/01/20		678,229
	200,000		Hewlett-Packard Co	4.375		09/15/21		198,262
	100,000		Hewlett-Packard Co	4.650		12/09/21		100,389
	200,000		Hewlett-Packard Co	4.050		09/15/22		196,120
	150,000		Hewlett-Packard Co	6.000		09/15/41		148,485
	200,000		Ingram Micro, Inc	5.000		08/10/22		205,198
	300,000		International Business Machines Corp	2.000		01/05/16		309,981
	1,000,000		International Business Machines Corp	5.700		09/14/17		1,207,658
	200,000		International Business Machines Corp	1.875		05/15/19		202,999
	800,000		International Business Machines Corp	8.375		11/01/19		1,136,746
	500,000		International Business Machines Corp	2.900		11/01/21		525,224
	300,000		International Business Machines Corp	1.875		08/01/22		288,692
	400,000		International Business Machines Corp	7.000		10/30/25		577,473
	19,000		International Business Machines Corp	5.600		11/30/39		24,487
	385,000		International Business Machines Corp	4.000		06/20/42		407,471
	85,000		International Game Technology	7.500		06/15/19		100,618
	547,000		Koninklijke Philips Electronics NV	5.750		03/11/18		659,042
	100,000		Koninklijke Philips Electronics NV	6.875		03/11/38		135,304
	300,000		Koninklijke Philips Electronics NV	5.000		03/15/42		342,687
	100,000		L-3 Communications Corp	3.950		11/15/16		108,127
	420,000		L-3 Communications Corp	5.200		10/15/19		478,912
	100,000		Lexmark International, Inc	6.650		06/01/18		109,386
	200,000		Motorola Solutions, Inc	6.000		11/15/17		234,827
	200,000		Motorola Solutions, Inc	3.750		05/15/22		204,343

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		NetApp, Inc	2.000	%	12/15/17	$	199,287
	200,000		NetApp, Inc	3.250		12/15/22		196,884
	590,000		Pitney Bowes, Inc	4.750		01/15/16		607,252
	100,000		Tech Data Corp	3.750		09/21/17		102,581
	200,000		Telefonaktiebolaget LM Ericsson	4.125		05/15/22		207,859
	225,000		Tyco Electronics Group S.A.	6.550		10/01/17		269,800
	250,000		Tyco Electronics Group S.A.	3.500		02/03/22		256,940
	225,000		Xerox Corp	8.250		05/15/14		245,427
	330,000		Xerox Corp	4.250		02/15/15		347,057
	100,000		Xerox Corp	2.950		03/15/17		102,602
	250,000		Xerox Corp	6.350		05/15/18		288,325
	700,000		Xerox Corp	5.625		12/15/19		782,082

			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					25,196,580


TELECOMMUNICATION SERVICES - 1.3%
	200,000		America Movil SAB de C.V.	3.625		03/30/15		212,061
	500,000		America Movil SAB de C.V.	2.375		09/08/16		519,692
	1,430,000		America Movil SAB de C.V.	5.000		03/30/20		1,663,765
	450,000		America Movil SAB de C.V.	3.125		07/16/22		457,402
	440,000		America Movil SAB de C.V.	6.125		03/30/40		578,884
	525,000		America Movil SAB de C.V.	4.375		07/16/42		545,543
	650,000		American Tower Corp	4.500		01/15/18		712,539
	200,000		American Tower Corp	4.700		03/15/22		221,283
	350,000		AT&T, Inc	5.100		09/15/14		375,970
	1,265,000		AT&T, Inc	2.500		08/15/15		1,318,861
	400,000		AT&T, Inc	0.800		12/01/15		399,988
	150,000		AT&T, Inc	2.950		05/15/16		158,808
	600,000		AT&T, Inc	1.600		02/15/17		607,045
	750,000		AT&T, Inc	1.700		06/01/17		760,685
	325,000		AT&T, Inc	1.400		12/01/17		325,061
	950,000		AT&T, Inc	5.800		02/15/19		1,165,682
	500,000		AT&T, Inc	4.450		05/15/21		577,430
	3,300,000		AT&T, Inc	3.000		02/15/22		3,432,076
	400,000		AT&T, Inc	2.625		12/01/22		400,658
	217,000		AT&T, Inc	6.500		09/01/37		283,809
	1,575,000		AT&T, Inc	6.300		01/15/38		2,019,504
	322,000		AT&T, Inc	5.350		09/01/40		374,984
	1,200,000		AT&T, Inc	5.550		08/15/41		1,440,149
	516,000	g	AT&T, Inc	4.300		12/15/42		518,246
	1,354,000	g	AT&T, Inc	4.350		06/15/45		1,360,088
	250,000		British Telecommunications plc	2.000		06/22/15		257,004
	400,000		British Telecommunications plc	5.950		01/15/18		478,018
	450,000		British Telecommunications plc	9.625		12/15/30		714,906
	490,000		Cellco Partnership	5.550		02/01/14		514,375
	1,365,000		Cellco Partnership	8.500		11/15/18		1,877,831
	200,000		CenturyLink, Inc	5.800		03/15/22		211,425
	1,300,000		CenturyTel, Inc	5.150		06/15/17		1,400,654
	834,000		CenturyTel, Inc	7.600		09/15/39		865,694
	450,000		Deutsche Telekom International Finance BV	5.750		03/23/16		512,737
	850,000		Deutsche Telekom International Finance BV	6.000		07/08/19		1,036,600
	490,000		Deutsche Telekom International Finance BV	8.750		06/15/30		734,140
	495,000		France Telecom S.A.	2.125		09/16/15		509,127

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	1,000,000	France Telecom S.A.	4.125	%	09/14/21	$	1,101,943
	495,000	France Telecom S.A.	8.500		03/01/31		740,951
	100,000	France Telecom S.A.	5.375		01/13/42		115,459
	250,000	Koninklijke KPN NV	8.375		10/01/30		329,928
	150,000	Nippon Telegraph & Telephone Corp	1.400		07/18/17		151,815
	400,000	Qwest Corp	7.500		10/01/14		437,796
	300,000	Qwest Corp	6.500		06/01/17		350,281
	400,000	Qwest Corp	6.750		12/01/21		468,787
	600,000	Rogers Communications, Inc	6.800		08/15/18		758,978
	350,000	Rogers Wireless, Inc	7.500		03/15/15		398,621
	85,000	Telecom Italia Capital S.A.	6.175		06/18/14		89,590
	150,000	Telecom Italia Capital S.A.	4.950		09/30/14		156,600
	1,555,000	Telecom Italia Capital S.A.	7.175		06/18/19		1,804,578
	600,000	Telecom Italia Capital S.A.	7.721		06/04/38		649,500
	600,000	Telefonica Emisiones SAU	3.992		02/16/16		624,300
	2,020,000	Telefonica Emisiones SAU	5.134		04/27/20		2,123,525
	100,000	Telefonos de Mexico SAB de C.V.	5.500		01/27/15		108,641
	100,000	Telefonos de Mexico SAB de C.V.	5.500		11/15/19		117,398
	850,000	Verizon Communications, Inc	5.550		02/15/16		967,926
	1,400,000	Verizon Communications, Inc	3.000		04/01/16		1,490,728
	300,000	Verizon Communications, Inc	1.100		11/01/17		298,652
	1,140,000	Verizon Communications, Inc	5.500		02/15/18		1,368,994
	143,000	Verizon Communications, Inc	8.750		11/01/18		198,551
	700,000	Verizon Communications, Inc	6.350		04/01/19		884,649
	450,000	Verizon Communications, Inc	3.500		11/01/21		492,307
	500,000	Verizon Communications, Inc	2.450		11/01/22		500,167
	380,000	Verizon Communications, Inc	6.250		04/01/37		499,547
	620,000	Verizon Communications, Inc	6.400		02/15/38		839,400
	300,000	Verizon Communications, Inc	6.000		04/01/41		391,553
	1,150,000	Verizon Communications, Inc	4.750		11/01/41		1,304,421
	925,000	Verizon Communications, Inc	3.850		11/01/42		909,799
	225,000	Verizon New England, Inc	4.750		10/01/13		231,978
	200,000	Virgin Media Secured Finance plc	5.250		01/15/21		233,526
	150,000	Vodafone Group plc	5.000		12/16/13		156,411
	303,000	Vodafone Group plc	5.625		02/27/17		355,557
	250,000	Vodafone Group plc	1.625		03/20/17		253,670
	500,000	Vodafone Group plc	1.250		09/26/17		498,489
	1,200,000	Vodafone Group plc	4.625		07/15/18		1,386,257
	650,000	Vodafone Group plc	4.375		03/16/21		752,071
	500,000	Vodafone Group plc	2.500		09/26/22		498,019
	150,000	Vodafone Group plc	6.150		02/27/37		198,401

		TOTAL TELECOMMUNICATION SERVICES					54,782,488


TRANSPORTATION - 0.5%
	100,000	ABB Finance USA, Inc	1.625		05/08/17		101,301
	200,000	ABB Finance USA, Inc	2.875		05/08/22		204,768
	150,000	ABB Finance USA, Inc	4.375		05/08/42		162,824
	200,000	Boeing Capital Corp	2.125		08/15/16		208,146
	700,000	Boeing Capital Corp	2.900		08/15/18		754,709
	750,000	Boeing Co	3.750		11/20/16		828,426
	100,000	Boeing Co	5.875		02/15/40		135,050
	260,000	Burlington Northern Santa Fe Corp	5.750		03/15/18		314,549

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	555,000		Burlington Northern Santa Fe Corp	4.700	%	10/01/19	$	639,780
	150,000		Burlington Northern Santa Fe Corp	6.150		05/01/37		193,645
	360,000		Burlington Northern Santa Fe Corp	5.750		05/01/40		443,816
	300,000		Burlington Northern Santa Fe LLC	3.050		03/15/22		309,601
	150,000		Burlington Northern Santa Fe LLC	3.050		09/01/22		155,018
	250,000		Burlington Northern Santa Fe LLC	5.050		03/01/41		283,808
	200,000		Burlington Northern Santa Fe LLC	4.400		03/15/42		209,919
	150,000		Burlington Northern Santa Fe LLC	4.375		09/01/42		157,655
	200,000		Canadian National Railway Co	5.550		05/15/18		240,286
	200,000		Canadian National Railway Co	5.550		03/01/19		241,420
	100,000		Canadian National Railway Co	2.850		12/15/21		104,872
	300,000		Canadian National Railway Co	2.250		11/15/22		299,048
	200,000		Canadian National Railway Co	6.900		07/15/28		275,849
	200,000		Canadian National Railway Co	6.250		08/01/34		274,463
	250,000		Canadian National Railway Co	3.500		11/15/42		241,264
	200,000		Canadian Pacific Railway Co	7.250		05/15/19		249,630
	200,000		Canadian Pacific Railway Co	7.125		10/15/31		262,318
	100,000		Canadian Pacific Railway Ltd	5.750		01/15/42		121,933
	200,000		Carnival Corp	1.875		12/15/17		200,272
	458,085		Continental Airlines, Inc	4.750		01/12/21		498,168
	30,416		Continental Airlines, Inc	5.983		04/19/22		33,874
	200,000		Continental Airlines, Inc	4.000		10/29/24		210,500
	100,000		Con-Way, Inc	7.250		01/15/18		115,837
	850,000		CSX Corp	7.375		02/01/19		1,080,851
	100,000		CSX Corp	6.000		10/01/36		123,860
	400,000		CSX Corp	5.500		04/15/41		479,274
	350,000		CSX Corp	4.400		03/01/43		357,357
	100,000		CSX Corp	4.100		03/15/44		98,714
	432,622		Delta Air Lines, Inc	5.300		04/15/19		476,965
	200,000		Delta Air Lines, Inc	4.750		05/07/20		214,000
	165,000		Embraer Overseas Ltd	6.375		01/15/20		190,575
	100,000		Embraer S.A.	5.150		06/15/22		109,500
	134,000		FedEx Corp	8.000		01/15/19		176,478
	200,000		FedEx Corp	2.625		08/01/22		198,973
	200,000		FedEx Corp	3.875		08/01/42		195,546
	100,000		GATX Corp	3.500		07/15/16		104,236
	125,000		GATX Corp	4.750		06/15/22		131,050
	210,000		Norfolk Southern Corp	5.750		04/01/18		250,794
	100,000		Norfolk Southern Corp	3.250		12/01/21		104,648
	250,000		Norfolk Southern Corp	3.000		04/01/22		256,436
	1,291,000	g	Norfolk Southern Corp	2.903		02/15/23		1,299,514
	81,000		Norfolk Southern Corp	5.590		05/17/25		99,473
	16,000		Norfolk Southern Corp	4.837		10/01/41		17,852
	250,000		Norfolk Southern Corp	3.950		10/01/42		247,647
	650,000		Northrop Grumman Corp	3.500		03/15/21		693,132
	100,000		Northrop Grumman Corp	5.050		11/15/40		113,449
	350,000		Ryder System, Inc	3.150		03/02/15		361,481
	50,000		Ryder System, Inc	3.600		03/01/16		52,491
	150,000		Ryder System, Inc	2.500		03/01/17		152,532
	150,000		Ryder System, Inc	2.500		03/01/18		152,976
	325,000		Southwest Airlines Co	5.250		10/01/14		345,894
	300,000		Union Pacific Corp	5.750		11/15/17		359,680

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	331,000	Union Pacific Corp	4.163	%	07/15/22	$	374,425
	500,000	Union Pacific Corp	2.950		01/15/23		516,962
	200,000	Union Pacific Corp	6.625		02/01/29		270,291
	100,000	Union Pacific Corp	4.750		09/15/41		112,170
	100,000	Union Pacific Corp	4.300		06/15/42		105,576
	42,000	United Parcel Service, Inc	3.875		04/01/14		43,766
	100,000	United Parcel Service, Inc	1.125		10/01/17		100,179
	100,000	United Parcel Service, Inc	5.500		01/15/18		120,150
	300,000	United Parcel Service, Inc	5.125		04/01/19		364,867
	1,105,000	United Parcel Service, Inc	3.125		01/15/21		1,188,659
	200,000	United Parcel Service, Inc	2.450		10/01/22		200,065
	35,000	United Parcel Service, Inc	6.200		01/15/38		46,945
	450,000	United Parcel Service, Inc	3.625		10/01/42		440,422
	200,000	US Airways 2012-2, Cl A Pass Through Trust	4.625		06/03/25		203,500

		TOTAL TRANSPORTATION					21,006,104


UTILITIES - 2.0%
	370,000	AGL Capital Corp	5.250		08/15/19		440,985
	200,000	Alabama Power Co	0.550		10/15/15		199,444
	300,000	Alabama Power Co	5.200		06/01/41		365,201
	200,000	Alabama Power Co	3.850		12/01/42		197,057
	60,000	Alliant Energy Corp	4.000		10/15/14		63,227
	100,000	Ameren Corp	8.875		05/15/14		109,432
	600,000	Ameren Illinois Co	2.700		09/01/22		600,189
	250,000	American Electric Power Co, Inc	1.650		12/15/17		250,876
	250,000	American Water Capital Corp	6.085		10/15/17		298,803
	125,000	American Water Capital Corp	4.300		12/01/42		129,816
	50,000	Appalachian Power Co	3.400		05/24/15		52,827
	140,000	Appalachian Power Co	7.000		04/01/38		190,532
	150,000	Arizona Public Service Co	8.750		03/01/19		197,723
	350,000	Arizona Public Service Co	4.500		04/01/42		372,219
	60,000	Atmos Energy Corp	4.950		10/15/14		64,299
	100,000	Atmos Energy Corp	8.500		03/15/19		134,284
	100,000	Atmos Energy Corp	5.500		06/15/41		123,888
	100,000	Baltimore Gas & Electric Co	3.500		11/15/21		107,117
	785,000	Carolina Power & Light Co	5.300		01/15/19		944,098
	350,000	Carolina Power & Light Co	3.000		09/15/21		366,505
	150,000	Carolina Power & Light Co	2.800		05/15/22		154,038
	100,000	Carolina Power & Light Co	4.100		05/15/42		102,343
	100,000	CenterPoint Energy Houston Electric LLC	2.250		08/01/22		98,335
	100,000	CenterPoint Energy Houston Electric LLC	6.950		03/15/33		141,932
	100,000	CenterPoint Energy Houston Electric LLC	3.550		08/01/42		95,170
	423,000	CenterPoint Energy Resources Corp	4.500		01/15/21		481,057
	203,000	Cleco Power LLC	6.000		12/01/40		241,151
	100,000	Commonwealth Edison Co	1.625		01/15/14		101,077
	500,000	Commonwealth Edison Co	1.950		09/01/16		515,826
	775,000	Commonwealth Edison Co	4.000		08/01/20		866,359
	387,000	Commonwealth Edison Co	5.900		03/15/36		499,256
	200,000	Commonwealth Edison Co	3.800		10/01/42		196,350
	210,000	Connecticut Light & Power Co	5.500		02/01/19		251,916
	60,000	Consolidated Edison Co of New York, Inc	6.650		04/01/19		76,437
	1,390,000	Consolidated Edison Co of New York, Inc	4.450		06/15/20		1,616,671

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	325,000		Consolidated Edison Co of New York, Inc	5.700	%	06/15/40	$	415,008
	200,000		Consolidated Edison Co of New York, Inc	4.200		03/15/42		213,149
	105,000		Consolidated Natural Gas Co	5.000		12/01/14		112,928
	480,000		Constellation Energy Group, Inc	4.550		06/15/15		518,088
	250,000		Constellation Energy Group, Inc	5.150		12/01/20		285,780
	230,000		Consumers Energy Co	6.125		03/15/19		287,705
	150,000		Consumers Energy Co	2.850		05/15/22		155,043
	200,000		Delmarva Power & Light Co	4.000		06/01/42		207,983
	400,000		Detroit Edison Co	3.450		10/01/20		438,522
	100,000		Detroit Edison Co	2.650		06/15/22		101,542
	100,000		Detroit Edison Co	3.950		06/15/42		101,326
	360,000		Dominion Resources, Inc	5.150		07/15/15		397,461
	100,000		Dominion Resources, Inc	1.400		09/15/17		100,017
	1,700,000		Dominion Resources, Inc	4.450		03/15/21		1,958,502
	500,000		Dominion Resources, Inc	2.750		09/15/22		504,412
	200,000		Dominion Resources, Inc	5.950		06/15/35		253,132
	100,000		Dominion Resources, Inc	4.050		09/15/42		98,734
	790,000		Duke Energy Carolinas LLC	5.750		11/15/13		825,336
	125,000		Duke Energy Carolinas LLC	4.300		06/15/20		142,522
	600,000		Duke Energy Carolinas LLC	3.900		06/15/21		673,532
	733,000		Duke Energy Carolinas LLC	6.050		04/15/38		960,230
	500,000		Duke Energy Carolinas LLC	4.000		09/30/42		503,972
	746,000		Duke Energy Corp	5.050		09/15/19		865,350
	300,000		Duke Energy Corp	3.050		08/15/22		305,365
	250,000		Duke Energy Indiana, Inc	4.200		03/15/42		255,338
	200,000		El Paso Natural Gas Co	5.950		04/15/17		231,235
	100,000		Enbridge, Inc	5.600		04/01/17		116,232
	150,000		Energen Corp	4.625		09/01/21		156,285
	400,000		Energy Transfer Partners LP	6.125		02/15/17		462,892
	44,000		Energy Transfer Partners LP	9.700		03/15/19		59,269
	500,000		Energy Transfer Partners LP	4.650		06/01/21		549,366
	200,000		Energy Transfer Partners LP	5.200		02/01/22		228,142
	140,000		Energy Transfer Partners LP	7.500		07/01/38		181,055
	450,000		Energy Transfer Partners LP	6.500		02/01/42		550,952
	100,000		Enersis S.A.	7.375		01/15/14		105,362
	125,000		Entergy Arkansas, Inc	3.750		02/15/21		136,739
	200,000		Entergy Corp	3.625		09/15/15		209,298
	200,000		Entergy Corp	5.125		09/15/20		216,897
	300,000		Entergy Gulf States Louisiana LLC	3.950		10/01/20		325,035
	150,000		Entergy Louisiana LLC	1.875		12/15/14		153,257
	225,000		Entergy Texas, Inc	7.125		02/01/19		282,668
	75,000		Exelon Corp	4.900		06/15/15		81,640
	400,000		Exelon Generation Co LLC	5.200		10/01/19		453,457
	200,000	g	Exelon Generation Co LLC	4.250		06/15/22		207,957
	371,000	g	Exelon Generation Co LLC	5.600		06/15/42		397,685
	800,000		FirstEnergy Corp	7.375		11/15/31		1,033,268
	280,000		FirstEnergy Solutions Corp	4.800		02/15/15		300,690
	635,000		FirstEnergy Solutions Corp	6.050		08/15/21		726,769
	247,000		Florida Power & Light Co	4.950		06/01/35		288,602
	400,000		Florida Power & Light Co	5.250		02/01/41		491,324
	100,000		Florida Power & Light Co	4.125		02/01/42		104,532
	200,000		Florida Power & Light Co	4.050		06/01/42		208,296

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000		Florida Power & Light Co	3.800	%	12/15/42	$	200,569
	29,000		Florida Power Corp	5.650		06/15/18		35,079
	100,000		Florida Power Corp	3.100		08/15/21		105,052
	165,000		Florida Power Corp	6.400		06/15/38		222,239
	300,000		Florida Power Corp	3.850		11/15/42		290,966
	690,000		FPL Group Capital, Inc	2.600		09/01/15		718,897
	40,000		Georgia Power Co	1.300		09/15/13		40,238
	300,000		Georgia Power Co	0.625		11/15/15		299,354
	900,000		Georgia Power Co	5.700		06/01/17		1,079,666
	177,000		Georgia Power Co	5.950		02/01/39		225,995
	500,000		Georgia Power Co	4.300		03/15/42		524,437
	50,000		Great Plains Energy, Inc	2.750		08/15/13		50,518
	200,000		Great Plains Energy, Inc	4.850		06/01/21		220,347
	200,000	i	Great Plains Energy, Inc	5.292		06/15/22		224,752
	80,000		Indiana Michigan Power Co	7.000		03/15/19		101,100
	70,000		Integrys Energy Group, Inc	4.170		11/01/20		78,020
	100,000		Interstate Power & Light Co	6.250		07/15/39		131,177
	100,000		Kansas City Power & Light Co	5.300		10/01/41		115,060
	20,000	g	Kansas Gas & Electric	6.700		06/15/19		25,459
	250,000		Kentucky Utilities Co	5.125		11/01/40		302,963
	150,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		160,350
	400,000		Kinder Morgan Energy Partners LP	5.950		02/15/18		478,925
	500,000		Kinder Morgan Energy Partners LP	9.000		02/01/19		673,924
	100,000		Kinder Morgan Energy Partners LP	5.800		03/01/21		119,683
	700,000		Kinder Morgan Energy Partners LP	3.950		09/01/22		748,479
	350,000		Kinder Morgan Energy Partners LP	3.450		02/15/23		360,465
	535,000		Kinder Morgan Energy Partners LP	6.500		09/01/39		657,539
	300,000		Kinder Morgan Energy Partners LP	5.625		09/01/41		337,085
	200,000		Kinder Morgan Energy Partners LP	5.000		08/15/42		211,956
	320,000		LG&E and KU Energy LLC	3.750		11/15/20		337,940
	400,000		MidAmerican Energy Co	4.650		10/01/14		426,974
	350,000		Midamerican Energy Holdings Co	5.750		04/01/18		421,487
	1,032,000		Midamerican Energy Holdings Co	5.950		05/15/37		1,274,215
	300,000		Midamerican Energy Holdings Co	6.500		09/15/37		398,466
	450,000		Mississippi Power Co	4.250		03/15/42		459,551
	750,000	g	Narragansett Electric Co	4.170		12/10/42		743,137
	85,000		National Fuel Gas Co	5.250		03/01/13		85,629
	100,000		National Fuel Gas Co	4.900		12/01/21		110,415
	820,000		Nevada Power Co	6.500		08/01/18		1,030,286
	45,000		Nevada Power Co	7.125		03/15/19		57,699
	230,000		Nevada Power Co	5.375		09/15/40		275,089
	700,000		NextEra Energy Capital Holdings, Inc	1.200		06/01/15		704,980
	500,000		NextEra Energy Capital Holdings, Inc	4.500		06/01/21		555,534
	235,000		NiSource Finance Corp	5.400		07/15/14		250,429
	350,000		NiSource Finance Corp	6.400		03/15/18		421,919
	150,000		NiSource Finance Corp	6.125		03/01/22		179,766
	400,000		NiSource Finance Corp	3.850		02/15/23		411,046
	100,000		NiSource Finance Corp	5.950		06/15/41		115,483
	200,000		NiSource Finance Corp	5.250		02/15/43		211,701
	150,000		Northern States Power Co	2.150		08/15/22		148,118
	425,000		Northern States Power Co	5.350		11/01/39		531,529
	200,000		Northern States Power Co	3.400		08/15/42		188,428

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	150,000	NSTAR Electric Co	5.625	%	11/15/17	$	180,763
	200,000	NSTAR Electric Co	2.375		10/15/22		198,768
	150,000	Oglethorpe Power Corp	5.375		11/01/40		175,633
	500,000	Oglethorpe Power Corp	4.200		12/01/42		489,633
	600,000	Ohio Power Co	5.375		10/01/21		727,052
	100,000	Oklahoma Gas & Electric Co	5.250		05/15/41		120,622
	220,000	Oncor Electric Delivery Co LLC	6.375		01/15/15		242,796
	200,000	Oncor Electric Delivery Co LLC	6.800		09/01/18		248,036
	150,000	Oncor Electric Delivery Co LLC	4.100		06/01/22		163,490
	70,000	Oncor Electric Delivery Co LLC	7.250		01/15/33		91,654
	100,000	Oncor Electric Delivery Co LLC	5.250		09/30/40		110,557
	350,000	Oncor Electric Delivery Co LLC	4.550		12/01/41		354,278
	150,000	Oncor Electric Delivery Co LLC	5.300		06/01/42		171,494
	250,000	ONEOK Partners LP	3.250		02/01/16		263,759
	100,000	ONEOK Partners LP	2.000		10/01/17		100,831
	400,000	ONEOK Partners LP	3.375		10/01/22		407,618
	130,000	ONEOK Partners LP	6.650		10/01/36		161,199
	250,000	ONEOK Partners LP	6.850		10/15/37		318,471
	100,000	ONEOK Partners LP	6.125		02/01/41		119,891
	150,000	ONEOK, Inc	4.250		02/01/22		162,985
	150,000	ONEOK, Inc	6.000		06/15/35		174,021
	355,000	Pacific Gas & Electric Co	8.250		10/15/18		483,344
	720,000	Pacific Gas & Electric Co	6.050		03/01/34		927,650
	75,000	Pacific Gas & Electric Co	5.800		03/01/37		92,785
	600,000	Pacific Gas & Electric Co	5.400		01/15/40		718,535
	400,000	Pacific Gas & Electric Co	4.500		12/15/41		428,805
	150,000	Pacific Gas & Electric Co	3.750		08/15/42		143,421
	250,000	PacifiCorp	2.950		02/01/22		261,236
	550,000	PacifiCorp	6.000		01/15/39		729,724
	150,000	PECO Energy Co	2.375		09/15/22		151,284
	165,000	Pepco Holdings, Inc	2.700		10/01/15		170,794
	350,000	PG&E Corp	5.750		04/01/14		370,950
	65,000	Potomac Electric Power Co	7.900		12/15/38		105,341
	300,000	PPL Capital Funding, Inc	4.200		06/15/22		322,621
	200,000	PPL Capital Funding, Inc	3.500		12/01/22		203,579
	200,000	PPL Electric Utilities Corp	2.500		09/01/22		200,921
	200,000	PPL Energy Supply LLC	6.200		05/15/16		228,857
	225,000	PPL Energy Supply LLC	6.500		05/01/18		269,425
	100,000	PPL Energy Supply LLC	4.600		12/15/21		108,420
	300,000	Progress Energy, Inc	3.150		04/01/22		303,698
	400,000	Progress Energy, Inc	7.750		03/01/31		546,446
	200,000	PSEG Power LLC	5.320		09/15/16		226,112
	335,000	Public Service Co of Colorado	5.500		04/01/14		355,313
	150,000	Public Service Co of Colorado	2.250		09/15/22		148,884
	150,000	Public Service Co of Colorado	3.600		09/15/42		145,617
	520,000	Public Service Co of Oklahoma	5.150		12/01/19		607,096
	100,000	Public Service Co of Oklahoma	4.400		02/01/21		113,458
	150,000	Public Service Co of Oklahoma	6.625		11/15/37		194,073
	220,000	Public Service Electric & Gas Co	5.300		05/01/18		264,072
	410,000	Public Service Electric & Gas Co	5.375		11/01/39		514,475
	200,000	Public Service Electric & Gas Co	3.950		05/01/42		205,484
	100,000	Public Service Electric & Gas Co	3.650		09/01/42		98,322

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	400,000		Puget Energy, Inc	6.000	%	09/01/21	$	441,108
	250,000		Puget Sound Energy, Inc	5.757		10/01/39		316,702
	100,000		Puget Sound Energy, Inc	4.434		11/15/41		109,676
	100,000		Questar Corp	2.750		02/01/16		104,930
	150,000		San Diego Gas & Electric Co	3.000		08/15/21		158,813
	255,000		San Diego Gas & Electric Co	5.350		05/15/40		324,735
	100,000		San Diego Gas & Electric Co	3.950		11/15/41		103,075
	250,000		San Diego Gas & Electric Co	4.300		04/01/42		275,038
	300,000		SCANA Corp	4.750		05/15/21		329,586
	100,000		SCANA Corp	4.125		02/01/22		104,854
	250,000		Scottish Power Ltd	5.810		03/15/25		266,048
	600,000		Sempra Energy	2.000		03/15/14		609,078
	200,000		Sempra Energy	2.300		04/01/17		207,676
	150,000		Sempra Energy	2.875		10/01/22		150,364
	260,000		Sempra Energy	6.000		10/15/39		328,711
	50,000		South Carolina Electric & Gas Co	5.300		05/15/33		58,047
	125,000		South Carolina Electric & Gas Co	5.450		02/01/41		153,128
	250,000		South Carolina Electric & Gas Co	4.350		02/01/42		263,887
	100,000		Southern California Edison Co	5.000		01/15/16		112,126
	250,000		Southern California Edison Co	5.500		08/15/18		305,690
	280,000		Southern California Edison Co	3.875		06/01/21		315,922
	185,000		Southern California Edison Co	6.050		03/15/39		250,874
	300,000		Southern California Edison Co	4.500		09/01/40		338,293
	500,000		Southern California Edison Co	3.900		12/01/41		507,479
	200,000		Southern California Edison Co	4.050		03/15/42		207,900
	150,000		Southern California Gas Co	3.750		09/15/42		150,692
	200,000		Southern Co	2.375		09/15/15		208,281
	100,000		Southern Co	1.950		09/01/16		103,056
	108,000	g	Southern Natural Gas Co	5.900		04/01/17		126,903
	100,000		Southern Natural Gas Co	8.000		03/01/32		142,593
	550,000		Southern Natural Gas Co LLC	4.400		06/15/21		610,003
	100,000		Southern Power Co	5.150		09/15/41		112,610
	250,000		Southwest Gas Corp	3.875		04/01/22		275,923
	400,000		Southwestern Electric Power Co	6.200		03/15/40		500,604
	500,000		Southwestern Public Service Co	4.500		08/15/41		553,828
	60,000		Spectra Energy Capital LLC	6.200		04/15/18		73,057
	450,000		Spectra Energy Capital LLC	8.000		10/01/19		594,306
	150,000		System Energy Resources, Inc	4.100		04/01/23		155,121
	200,000		Tampa Electric Co	5.400		05/15/21		246,150
	100,000		Tampa Electric Co	2.600		09/15/22		100,890
	100,000		Tampa Electric Co	4.100		06/15/42		104,850
	200,000		TECO Finance, Inc	5.150		03/15/20		232,627
	200,000		Tennessee Gas Pipeline Co	7.000		10/15/28		273,293
	200,000	g	Texas Eastern Transmission LP	2.800		10/15/22		200,064
	75,000		Toledo Edison Co	7.250		05/01/20		95,337
	300,000		Toledo Edison Co	6.150		05/15/37		374,127
	770,000		Total Capital S.A.	3.125		10/02/15		819,557
	200,000		Total Capital S.A.	4.450		06/24/20		231,667
	100,000		Total Capital S.A.	4.125		01/28/21		113,310
	350,000		TransAlta Corp	6.650		05/15/18		402,280
	300,000		TransAlta Corp	4.500		11/15/22		304,138
	125,000		Transcontinental Gas Pipe Line Co LLC	4.450		08/01/42		128,669

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	100,000	Union Electric Co	8.450	%	03/15/39	$	171,252
	100,000	Union Electric Co	3.900		09/15/42		101,337
	100,000	United Utilities plc	6.875		08/15/28		119,257
	263,000	Veolia Environnement	5.250		06/03/13		267,079
	350,000	Virginia Electric and Power Co	6.000		05/15/37		460,014
	500,000	Westar Energy, Inc	4.125		03/01/42		521,792
	450,000	Western Gas Partners LP	4.000		07/01/22		473,620
	225,000	Western Massachusetts Electric Co	3.500		09/15/21		240,743
	35,000	Williams Cos, Inc	7.875		09/01/21		45,092
	175,000	Williams Cos, Inc	3.700		01/15/23		176,514
	300,000	Williams Cos, Inc	7.750		06/15/31		382,765
	245,000	Williams Partners LP	3.800		02/15/15		259,060
	70,000	Williams Partners LP	7.250		02/01/17		85,038
	530,000	Williams Partners LP	5.250		03/15/20		610,535
	100,000	Williams Partners LP	4.000		11/15/21		106,960
	200,000	Williams Partners LP	3.350		08/15/22		203,358
	335,000	Williams Partners LP	6.300		04/15/40		409,549
	250,000	Wisconsin Electric Power Co	4.500		05/15/13		253,706
	200,000	Wisconsin Electric Power Co	5.625		05/15/33		249,009
	200,000	Wisconsin Electric Power Co	3.650		12/15/42		195,569
	200,000	Wisconsin Power & Light Co	2.250		11/15/22		196,753
	200,000	Wisconsin Power & Light Co	6.375		08/15/37		276,917
	200,000	Wisconsin Public Service Corp	3.671		12/01/42		197,382
	100,000	Xcel Energy, Inc	4.700		05/15/20		116,943
	100,000	Xcel Energy, Inc	4.800		09/15/41		112,214

		TOTAL UTILITIES					82,100,863


		TOTAL CORPORATE BONDS (Cost $885,432,783)					933,675,186


GOVERNMENT BONDS - 74.3%

AGENCY SECURITIES - 4.7%
	3,000,000	Federal Farm Credit Bank (FFCB)	3.875		10/07/13		3,084,573
	500,000	FFCB	0.300		07/18/14		500,351
	2,600,000	FFCB	3.000		09/22/14		2,723,599
	1,600,000	FFCB	1.050		03/28/16		1,631,963
	7,740,000	Federal Home Loan Bank (FHLB)	3.625		10/18/13		7,950,311
	8,625,000	FHLB	3.125		12/13/13		8,865,284
	110,000	FHLB	5.250		06/18/14		118,093
	200,000	FHLB	0.400		07/02/14		200,449
	7,650,000	FHLB	2.875		06/12/15		8,118,876
	1,000,000	FHLB	5.375		05/18/16		1,164,788
	95,000	FHLB	4.750		12/16/16		110,192
	500,000	FHLB	4.875		05/17/17		589,222
	1,000,000	FHLB	0.750		09/08/17		998,766
	4,745,000	FHLB	5.000		11/17/17		5,688,534
	4,000,000	FHLB	1.625		06/14/19		4,098,152
	211,000	Federal Home Loan Mortgage Corp (FHLMC)	4.125		09/27/13		217,152
	11,207,000	FHLMC	4.500		01/15/14		11,704,849
	1,740,000	FHLMC	2.500		04/23/14		1,792,419
	5,000,000	FHLMC	1.000		08/27/14		5,064,690

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	7,000,000		FHLMC	0.375	%	08/28/14	$	7,012,285
	5,000,000		FHLMC	2.875		02/09/15		5,268,030
	108,000		FHLMC	4.375		07/17/15		118,949
	125,000		FHLMC	4.750		11/17/15		140,536
	132,000		FHLMC	4.750		01/19/16		149,378
	6,213,000		FHLMC	5.250		04/18/16		7,186,360
	127,000		FHLMC	5.500		07/18/16		149,178
	11,736,000		FHLMC	5.125		10/18/16		13,753,536
	3,000,000		FHLMC	2.375		01/13/22		3,134,025
	6,120,000		FHLMC	6.250		07/15/32		9,108,677
	96,000		Federal National Mortgage Association (FNMA)	3.875		07/12/13		97,906
	2,185,000		FNMA	1.250		08/20/13		2,199,373
	176,000		FNMA	5.125		01/02/14		184,586
	214,000		FNMA	2.750		02/05/14		220,129
	7,646,000		FNMA	2.750		03/13/14		7,878,316
	4,071,000		FNMA	2.500		05/15/14		4,197,181
	5,415,000		FNMA	3.000		09/16/14		5,671,985
	9,145,000		FNMA	4.625		10/15/14		9,852,622
	14,000,000		FNMA	2.625		11/20/14		14,624,694
	5,000,000		FNMA	2.250		03/15/16		5,281,795
	10,215,000		FNMA	5.000		03/15/16		11,689,535
	150,000		FNMA	5.000		05/11/17		177,489
	4,340,000		FNMA	5.375		06/12/17		5,218,750
	6,000,000	j	FNMA	0.000		10/09/19		5,256,342
	2,500,000		FNMA	5.625		07/15/37		3,597,883
	450,000		Private Export Funding Corp (PEFCO)	1.375		02/15/17		462,656
	590,000		PEFCO	2.250		12/15/17		629,608
	175,000		PEFCO	1.450		08/15/19		176,450
	400,000		PEFCO	2.050		11/15/22		399,210
	250,000		Federal Agricultural Mortgage Corp (FAMC)	2.375		07/22/15		261,910
	815,000		Financing Corp Fico	9.400		02/08/18		1,139,785
	815,000		Financing Corp Fico	10.350		08/03/18		1,207,886
	700,000		Tunisia Government AID Bonds	1.686		07/16/19		696,500

			TOTAL AGENCY SECURITIES					191,765,808


FOREIGN GOVERNMENT BONDS - 3.1%
	906,000		Brazilian Government International Bond	5.875		01/15/19		1,120,722
	1,590,000		Brazilian Government International Bond	4.875		01/22/21		1,915,950
	1,300,000		Brazilian Government International Bond	2.625		01/05/23		1,305,200
	100,000		Brazilian Government International Bond	8.875		04/15/24		161,000
	1,180,000		Brazilian Government International Bond	7.125		01/20/37		1,805,400
	1,330,000		Brazilian Government International Bond	5.625		01/07/41		1,742,300
	525,000		Canada Government International Bond	2.375		09/10/14		543,632
	850,000		Canada Government International Bond	0.875		02/14/17		856,885
	150,000		Chile Government International Bond	5.500		01/15/13		150,150
	345,000		Chile Government International Bond	3.875		08/05/20		388,988
	300,000		Chile Government International Bond	2.250		10/30/22		297,750
	300,000		Chile Government International Bond	3.625		10/30/42		296,250
	350,000		China Development Bank	5.000		10/15/15		385,270
	200,000		China Government International Bond	4.750		10/29/13		206,206
	900,000		Colombia Government International Bond	8.250		12/22/14		1,026,000
	450,000		Colombia Government International Bond	7.375		03/18/19		591,525

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	700,000	Colombia Government International Bond	4.375	%	07/12/21	$	806,050
	1,250,000	Colombia Government International Bond	6.125		01/18/41		1,716,250
	300,000	Development Bank of Japan	5.125		02/01/17		349,484
	450,000	European Bank for Reconstruction & Development	3.625		06/17/13		456,732
	50,000	European Bank for Reconstruction & Development	1.625		09/03/15		51,427
	1,500,000	European Bank for Reconstruction & Development	2.500		03/15/16		1,583,309
	1,000,000	European Bank for Reconstruction & Development	1.375		10/20/16		1,022,391
	1,000,000	European Investment Bank	1.500		05/15/14		1,015,111
	4,000,000	European Investment Bank	1.125		04/15/15		4,067,588
	5,000,000	European Investment Bank	1.625		09/01/15		5,144,025
	5,500,000	European Investment Bank	1.375		10/20/15		5,623,200
	4,000,000	European Investment Bank	2.250		03/15/16		4,198,800
	2,200,000	European Investment Bank	1.750		03/15/17		2,283,318
	1,000,000	European Investment Bank	2.875		09/15/20		1,081,343
	205,000	European Investment Bank	4.875		02/15/36		243,135
	95,000	Export Development Canada	3.500		05/16/13		96,151
	200,000	Export Development Canada	1.500		05/15/14		203,342
	545,000	Export Development Canada	2.250		05/28/15		569,144
	300,000	Export Development Canada	0.500		09/15/15		300,750
	250,000	Export Development Canada	1.250		10/26/16		256,411
	500,000	Export Development Canada	0.750		12/15/17		498,950
	180,000	Export-Import Bank of Korea	8.125		01/21/14		193,161
	250,000	Export-Import Bank of Korea	5.875		01/14/15		273,369
	1,090,000	Export-Import Bank of Korea	4.125		09/09/15		1,172,395
	300,000	Export-Import Bank of Korea	1.250		11/20/15		300,499
	775,000	Export-Import Bank of Korea	5.125		06/29/20		890,551
	300,000	Export-Import Bank of Korea	5.000		04/11/22		347,029
	1,590,000	Federative Republic of Brazil	6.000		01/17/17		1,876,200
	828,056	Federative Republic of Brazil	8.000		01/15/18		961,580
	100,000	Finland Government International Bond	6.950		02/15/26		140,035
	500,000	Hydro Quebec	2.000		06/30/16		521,000
	800,000	Hydro Quebec	1.375		06/19/17		810,720
	270,000	Hydro Quebec	9.400		02/01/21		398,601
	200,000	Hydro Quebec	8.500		12/01/29		322,417
	1,000,000	Inter-American Development Bank	3.000		04/22/14		1,036,183
	1,500,000	Inter-American Development Bank	2.250		07/15/15		1,571,370
	2,500,000	Inter-American Development Bank	1.750		08/24/18		2,599,245
	1,105,000	Inter-American Development Bank	3.875		09/17/19		1,291,811
	200,000	Inter-American Development Bank	3.200		08/07/42		197,879
	1,800,000	International Bank for Reconstruction & Development	1.125		08/25/14		1,825,430
	3,200,000	International Bank for Reconstruction & Development	2.375		05/26/15		3,354,902
	2,100,000	International Bank for Reconstruction & Development	2.125		03/15/16		2,210,019
	950,000	International Bank for Reconstruction & Development	1.000		09/15/16		964,665
	400,000	International Bank for Reconstruction & Development	7.625		01/19/23		598,980
	34,000	International Bank for Reconstruction & Development	4.750		02/15/35		43,216
	30,000	International Finance Corp	3.000		04/22/14		31,054
	1,700,000	International Finance Corp	2.750		04/20/15		1,793,543
	1,750,000	International Finance Corp	1.125		11/23/16		1,779,830
	800,000	Israel Government AID Bond	5.500		09/18/23		1,054,558
	400,000	Israel Government International Bond	5.125		03/26/19		467,500
	705,000	Israel Government International Bond	4.000		06/30/22		767,569
	1,000,000	Italian Republic	2.125		09/16/13		1,005,690

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	500,000	Italian Republic	3.125	%	01/26/15	$	507,791
	1,200,000	Italian Republic	5.250		09/20/16		1,275,756
	574,000	Italian Republic	5.375		06/15/33		577,631
	1,500,000	Italy Government International Bond	4.750		01/25/16		1,571,400
	430,000	Italy Government International Bond	5.375		06/12/17		460,186
	500,000	Japan Bank for International Cooperation	1.875		09/24/15		518,569
	1,900,000	Japan Bank for International Cooperation	1.125		07/19/17		1,913,623
	600,000	Japan Finance Corp	2.250		07/13/16		631,576
	700,000	Japan Finance Organization for Municipalities	5.000		05/16/17		818,321
	600,000	Korea Development Bank	8.000		01/23/14		642,985
	475,000	Korea Development Bank	4.375		08/10/15		512,879
	235,000	Korea Development Bank	3.250		03/09/16		246,118
	400,000	Korea Development Bank	3.500		08/22/17		427,973
	200,000	Korea Development Bank	3.000		09/14/22		199,227
	1,000,000	Mexico Government International Bond	5.625		01/15/17		1,160,000
	1,588,000	Mexico Government International Bond	3.625		03/15/22		1,736,875
	1,200,000	Mexico Government International Bond	6.750		09/27/34		1,728,000
	1,214,000	Mexico Government International Bond	6.050		01/11/40		1,627,974
	874,000	Mexico Government International Bond	4.750		03/08/44		987,620
	150,000	Mexico Government International Bond	5.750		10/12/10		180,375
	300,000	North American Development Bank	2.400		10/26/22		302,570
	800,000	Panama Government International Bond	5.200		01/30/20		955,600
	300,000	Panama Government International Bond	7.125		01/29/26		425,250
	692,000	Panama Government International Bond	6.700		01/26/36		982,640
	320,000	Peruvian Government International Bond	7.125		03/30/19		418,880
	925,000	Peruvian Government International Bond	7.350		07/21/25		1,340,325
	400,000	Peruvian Government International Bond	6.550		03/14/37		578,000
	500,000	Peruvian Government International Bond	5.625		11/18/50		648,250
	380,000	Poland Government International Bond	3.875		07/16/15		407,550
	1,985,000	Poland Government International Bond	6.375		07/15/19		2,474,739
	67,000	Poland Government International Bond	5.125		04/21/21		79,462
	390,000	Poland Government International Bond	5.000		03/23/22		460,590
	490,000	Poland Government International Bond	3.000		03/17/23		488,775
	1,055,000	Province of British Columbia Canada	2.850		06/15/15		1,115,873
	400,000	Province of British Columbia Canada	1.200		04/25/17		407,183
	200,000	Province of British Columbia Canada	2.650		09/22/21		210,417
	500,000	Province of British Columbia Canada	2.000		10/23/22		492,714
	730,000	Province of Manitoba Canada	2.125		04/22/13		734,103
	500,000	Province of Manitoba Canada	1.750		05/30/19		508,631
	200,000	Province of New Brunswick Canada	5.200		02/21/17		234,380
	255,000	Province of Nova Scotia Canada	2.375		07/21/15		266,756
	50,000	Province of Nova Scotia Canada	5.125		01/26/17		58,390
	200,000	Province of Nova Scotia Canada	8.250		07/30/22		289,820
	2,200,000	Province of Ontario Canada	2.950		02/05/15		2,312,303
	600,000	Province of Ontario Canada	0.950		05/26/15		607,711
	2,690,000	Province of Ontario Canada	2.700		06/16/15		2,832,010
	1,000,000	Province of Ontario Canada	2.300		05/10/16		1,052,000
	300,000	Province of Ontario Canada	1.600		09/21/16		309,545
	500,000	Province of Ontario Canada	1.100		10/25/17		500,550
	1,000,000	Province of Ontario Canada	1.650		09/27/19		999,400
	230,000	Province of Ontario Canada	4.400		04/14/20		270,859
	800,000	Province of Ontario Canada	2.450		06/29/22		810,470

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	40,000		Province of Quebec Canada	4.875	%	05/05/14	$	42,416
	385,000		Province of Quebec Canada	5.125		11/14/16		448,255
	1,135,000		Province of Quebec Canada	4.625		05/14/18		1,332,604
	1,120,000		Province of Quebec Canada	3.500		07/29/20		1,243,984
	200,000		Province of Quebec Canada	7.125		02/09/24		277,953
	201,000		Province of Quebec Canada	7.500		09/15/29		305,482
	100,000		Province of Saskatchewan Canada	8.500		07/15/22		150,657
	200,000		Region of Lombardy Italy	5.804		10/25/32		177,994
	475,000		Republic of Korea	5.750		04/16/14		504,062
	700,000		Republic of Korea	7.125		04/16/19		908,685
	300,000		South Africa Government International Bond	6.500		06/02/14		322,500
	510,000		South Africa Government International Bond	6.875		05/27/19		639,540
	225,000		South Africa Government International Bond	5.500		03/09/20		266,625
	500,000		South Africa Government International Bond	4.665		01/17/24		565,000
	300,000		South Africa Government International Bond	6.250		03/08/41		397,500
	625,000		Svensk Exportkredit AB	5.125		03/01/17		726,000
	1,280,000		United Mexican States	5.950		03/19/19		1,574,400
	868,000		United Mexican States	5.125		01/15/20		1,037,260
	261,630		Uruguay Government International Bond	8.000		11/18/22		379,887
	300,000		Uruguay Government International Bond	7.625		03/21/36		463,200
	500,000		Uruguay Government International Bond	4.125		11/20/45		499,250

			TOTAL FOREIGN GOVERNMENT BONDS					128,725,019


MORTGAGE BACKED - 29.3%
	184,209	i	Federal Home Loan Mortgage Corp (FHLMC)	4.973		04/01/35		198,502
	14,207	i	FHLMC	2.327		10/01/35		15,159
	209,640	i	FHLMC	2.386		02/01/36		222,333
	86,999	i	FHLMC	2.850		07/01/36		93,042
	209,014	i	FHLMC	2.605		09/01/36		223,012
	295,038	i	FHLMC	2.637		09/01/36		315,254
	202,333	i	FHLMC	2.794		09/01/36		213,903
	161,770	i	FHLMC	5.818		01/01/37		175,524
	27,198	i	FHLMC	5.628		02/01/37		29,320
	22,802	i	FHLMC	5.825		02/01/37		24,534
	533,799	i	FHLMC	2.890		03/01/37		570,703
	37,554	i	FHLMC	5.220		03/01/37		40,495
	555,236	i	FHLMC	5.665		04/01/37		600,206
	364,558	i	FHLMC	5.925		04/01/37		395,995
	57,230	i	FHLMC	3.176		05/01/37		60,908
	89,513	i	FHLMC	5.921		05/01/37		96,693
	57,659	i	FHLMC	2.760		06/01/37		61,505
	411,936	i	FHLMC	4.990		06/01/37		443,975
	264,410	i	FHLMC	3.407		08/01/37		280,311
	139,529	i	FHLMC	2.022		09/01/37		149,493
	265,508	i	FHLMC	2.070		09/01/37		279,525
	5,964	i	FHLMC	6.203		09/01/37		6,502
	48,656	i	FHLMC	5.330		02/01/38		52,454
	392,221	i	FHLMC	4.535		04/01/38		419,732
	440,188	i	FHLMC	4.886		04/01/38		471,675
	168,879	i	FHLMC	4.834		06/01/38		180,958
	38,219	i	FHLMC	4.705		07/01/38		40,758
	87,261		FHLMC	5.000		10/01/39		93,898

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	177,694	i	FHLMC	3.630	%	06/01/40	$	188,011
	694,273	i	FHLMC	3.371		07/01/40		733,210
	639,011	i	FHLMC	3.012		01/01/41		672,558
	96,570	i	FHLMC	2.549		05/01/41		100,618
	1,976,435	i	FHLMC	3.476		08/01/41		2,086,225
	728,067	i	FHLMC	2.902		09/01/41		761,042
	164,721	i	FHLMC	3.084		10/01/41		173,740
	17,566		Federal Home Loan Mortgage Corp Gold (FGLMC)	4.500		05/01/13		17,626
	42,007		FGLMC	5.000		07/01/14		45,011
	6,310		FGLMC	7.500		01/01/16		6,409
	57		FGLMC	7.500		05/01/16		61
	73		FGLMC	7.500		06/01/16		78
	25,827		FGLMC	5.500		05/01/17		27,777
	52,812		FGLMC	5.500		06/01/17		56,696
	32,438		FGLMC	5.000		12/01/17		34,899
	25,920		FGLMC	5.500		12/01/17		27,698
	41,974		FGLMC	5.000		03/01/18		44,975
	132,266		FGLMC	5.000		04/01/18		141,719
	122,592		FGLMC	4.500		06/01/18		130,668
	283,804		FGLMC	4.500		09/01/18		308,355
	207,053		FGLMC	4.000		11/01/18		218,787
	321,794		FGLMC	4.500		01/01/19		350,838
	43,899		FGLMC	4.000		05/01/19		46,478
	372,674		FGLMC	4.500		05/01/19		397,226
	790,703		FGLMC	4.500		06/01/19		842,795
	209,210		FGLMC	4.000		10/01/19		221,505
	83,927		FGLMC	5.500		11/01/19		91,102
	616,277		FGLMC	4.500		12/01/19		656,877
	109,257		FGLMC	4.500		01/01/20		116,455
	50,898		FGLMC	4.500		02/01/20		55,301
	2,790,751		FGLMC	4.500		02/01/20		2,974,606
	545,351		FGLMC	5.000		05/01/20		584,303
	561,578		FGLMC	5.000		05/01/20		607,350
	45,988		FGLMC	4.500		07/01/20		49,966
	529,796		FGLMC	5.000		07/01/20		569,997
	7,107		FGLMC	7.000		10/01/20		8,280
	45,391		FGLMC	5.000		12/01/20		48,835
	563,555		FGLMC	4.500		06/01/21		601,562
	1,020,456		FGLMC	4.500		06/01/21		1,089,278
	472,323		FGLMC	5.000		07/01/21		508,680
	66,002		FGLMC	5.500		07/01/21		71,232
	43,842		FGLMC	5.000		10/01/22		47,087
	36,557		FGLMC	6.000		11/01/22		40,191
	339,910		FGLMC	5.000		04/01/23		364,534
	496,060		FGLMC	4.500		05/01/23		527,965
	23,957		FGLMC	4.500		05/01/23		25,498
	258,087		FGLMC	5.000		05/01/23		277,717
	454,539		FGLMC	5.500		05/01/23		490,557
	69,948		FGLMC	5.000		10/01/23		75,016
	56,442		FGLMC	5.500		10/01/23		61,414
	53,578		FGLMC	5.000		11/01/23		57,653
	115,100		FGLMC	5.000		03/01/24		125,653

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	30,599		FGLMC	4.500	%	04/01/24	$	32,557
	13,382		FGLMC	4.500		05/01/24		14,238
	89,264		FGLMC	4.500		06/01/24		94,978
	441,434		FGLMC	4.000		07/01/24		466,826
	783,542		FGLMC	4.000		07/01/24		828,612
	238,510		FGLMC	5.500		07/01/24		258,900
	828,457		FGLMC	4.000		08/01/24		876,111
	55,212		FGLMC	4.500		09/01/24		58,746
	25,971		FGLMC	4.500		09/01/24		27,633
	136,043		FGLMC	4.500		09/01/24		144,750
	27,153		FGLMC	5.500		09/01/24		29,622
	1,000,225		FGLMC	4.000		10/01/24		1,057,759
	72,199		FGLMC	4.500		10/01/24		78,999
	33,287		FGLMC	4.500		10/01/24		35,417
	40,273		FGLMC	4.500		11/01/24		42,851
	73,310		FGLMC	4.500		12/01/24		78,002
	323,008		FGLMC	5.500		12/01/24		348,603
	57,731		FGLMC	4.500		02/01/25		61,427
	1,414,569		FGLMC	4.000		03/01/25		1,495,494
	38,842		FGLMC	4.500		06/01/25		41,328
	71,087		FGLMC	4.500		07/01/25		75,637
	1,332,792		FGLMC	3.500		10/01/25		1,401,542
	816,193		FGLMC	4.000		10/01/25		863,141
	1,285,391		FGLMC	3.500		11/01/25		1,351,696
	2,176,134		FGLMC	3.500		11/01/25		2,288,387
	571,478		FGLMC	3.500		12/01/25		600,957
	363,671		FGLMC	3.000		01/01/26		382,438
	3,936,988		FGLMC	3.500		01/01/26		4,140,070
	394,664		FGLMC	4.000		04/01/26		417,365
	731,241		FGLMC	4.000		05/01/26		773,303
	188,015		FGLMC	5.500		07/01/26		204,166
	2,466,476		FGLMC	4.000		08/01/26		2,608,350
	16,046		FGLMC	6.000		08/01/26		17,512
	593,540		FGLMC	3.000		09/01/26		624,169
	1,686,486		FGLMC	3.000		10/01/26		1,773,516
	2,588,331		FGLMC	3.500		10/01/26		2,721,846
	87,820		FGLMC	5.000		10/01/26		95,652
	28,087		FGLMC	5.500		10/01/26		30,500
	8,525,574		FGLMC	3.000		02/01/27		8,997,500
	4,466,780	m	FGLMC	2.500		05/01/27		4,670,112
	3,974,956		FGLMC	2.500		11/01/27		4,155,900
	304,373		FGLMC	6.000		12/01/27		331,424
	462,996		FGLMC	5.000		03/01/28		498,562
	45,279		FGLMC	5.500		05/01/28		48,999
	352		FGLMC	6.500		10/01/28		402
	394,156		FGLMC	5.500		01/01/29		426,784
	8,348		FGLMC	6.500		01/01/29		9,512
	71,981		FGLMC	4.000		02/01/29		77,631
	2,048		FGLMC	6.500		03/01/29		2,408
	182,290		FGLMC	4.500		04/01/29		196,497
	66,250		FGLMC	6.500		05/01/29		77,872
	18,101		FGLMC	6.500		07/01/29		21,193

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	87,102	FGLMC	5.000	%	12/01/29	$	93,727
	128,730	FGLMC	4.000		08/01/30		138,835
	737,260	FGLMC	4.500		01/01/31		797,945
	1,472	FGLMC	8.000		01/01/31		1,805
	731,589	FGLMC	4.000		03/01/31		789,014
	93,438	FGLMC	4.000		05/01/31		100,773
	745,254	FGLMC	4.500		05/01/31		819,579
	307,855	FGLMC	4.000		06/01/31		328,747
	937,219	FGLMC	4.000		08/01/31		1,010,786
	808,061	FGLMC	4.000		09/01/31		871,489
	13,668	FGLMC	6.500		09/01/31		15,855
	24,025	FGLMC	8.000		09/01/31		29,796
	380,309	FGLMC	3.500		11/01/31		406,515
	141,729	FGLMC	7.000		12/01/31		167,967
	67,849	FGLMC	6.500		01/01/32		78,707
	165,296	FGLMC	6.000		02/01/32		183,809
	4,520,330	FGLMC	3.000		03/01/32		4,747,973
	57,795	FGLMC	7.000		04/01/32		68,494
	47,958	FGLMC	6.500		05/01/32		54,506
	3,452,319	FGLMC	3.500		09/01/32		3,690,213
	60,214	FGLMC	5.500		11/01/32		65,593
	64,330	FGLMC	6.000		02/01/33		71,535
	250,560	FGLMC	5.000		03/01/33		272,124
	131,633	FGLMC	6.000		03/01/33		146,376
	29,133	FGLMC	6.000		03/01/33		32,396
	319,618	FGLMC	6.000		03/01/33		355,415
	105,171	FGLMC	5.000		04/01/33		114,222
	26,432	FGLMC	6.000		04/01/33		29,393
	1,851,484	FGLMC	5.000		06/01/33		2,003,847
	595,757	FGLMC	5.500		06/01/33		648,238
	219,536	FGLMC	4.500		07/01/33		236,268
	29,417	FGLMC	5.000		08/01/33		31,949
	258,513	FGLMC	5.000		08/01/33		281,730
	58,771	FGLMC	6.500		08/01/33		67,834
	566,874	FGLMC	5.000		09/01/33		631,306
	116,450	FGLMC	5.500		09/01/33		126,708
	187,177	FGLMC	5.500		09/01/33		209,866
	248,478	FGLMC	5.500		09/01/33		280,306
	245,954	FGLMC	5.500		09/01/33		275,767
	96,127	FGLMC	4.000		10/01/33		103,131
	52,829	FGLMC	5.000		10/01/33		57,376
	353,662	FGLMC	5.500		10/01/33		396,532
	119,571	FGLMC	5.500		12/01/33		130,105
	437,953	FGLMC	5.500		12/01/33		477,081
	1,044,586	FGLMC	7.000		12/01/33		1,237,965
	1,114,951	FGLMC	5.000		01/01/34		1,210,904
	28,939	FGLMC	5.500		02/01/34		31,488
	158,838	FGLMC	5.000		03/01/34		171,714
	186,913	FGLMC	5.500		03/01/34		203,341
	366,916	FGLMC	5.000		05/01/34		396,659
	179,166	FGLMC	4.500		06/01/34		192,710
	520,602	FGLMC	5.000		06/01/34		562,802

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	111,208	FGLMC	5.500	%	06/01/34	$	120,865
	73,206	FGLMC	6.000		06/01/34		81,405
	234,614	FGLMC	6.000		09/01/34		258,104
	35,596	FGLMC	5.000		11/01/34		38,418
	1,801,861	FGLMC	5.500		11/01/34		1,958,338
	975,846	FGLMC	5.000		12/01/34		1,054,949
	94,844	FGLMC	5.500		12/01/34		105,007
	178,888	FGLMC	5.500		12/01/34		194,647
	20,407	FGLMC	5.500		01/01/35		22,179
	79,450	FGLMC	5.500		01/01/35		86,349
	12,021	FGLMC	5.500		01/01/35		13,064
	532,774	FGLMC	4.500		04/01/35		573,047
	423,545	FGLMC	6.000		05/01/35		465,951
	66,179	FGLMC	6.000		05/01/35		72,475
	433,062	FGLMC	7.000		05/01/35		513,232
	72,382	FGLMC	5.500		06/01/35		78,668
	121,141	FGLMC	5.500		06/01/35		131,661
	2,165,179	FGLMC	5.000		07/01/35		2,337,983
	76,599	FGLMC	5.000		07/01/35		82,713
	82,283	FGLMC	6.000		07/01/35		90,110
	103,910	FGLMC	5.000		08/01/35		112,203
	47,226	FGLMC	5.500		08/01/35		51,297
	103,877	FGLMC	6.000		08/01/35		113,758
	45,932	FGLMC	4.500		09/01/35		49,375
	384,756	FGLMC	5.000		10/01/35		424,601
	72,227	FGLMC	5.000		10/01/35		77,992
	343,302	FGLMC	5.000		10/01/35		370,701
	1,602,718	FGLMC	5.500		10/01/35		1,743,905
	288,590	FGLMC	5.000		12/01/35		311,622
	57,924	FGLMC	5.000		12/01/35		62,547
	125,416	FGLMC	6.000		01/01/36		136,680
	109,083	FGLMC	5.000		02/01/36		117,789
	53,022	FGLMC	5.000		02/01/36		57,254
	67,263	FGLMC	6.000		02/01/36		73,661
	671,386	FGLMC	5.500		04/01/36		743,328
	75,713	FGLMC	5.500		05/01/36		82,288
	27,186	FGLMC	6.500		05/01/36		30,921
	2,596,480	FGLMC	6.000		06/01/36		2,829,672
	429,948	FGLMC	5.000		07/01/36		463,053
	325,760	FGLMC	6.000		07/01/36		358,376
	78,119	FGLMC	6.000		08/01/36		85,135
	61,681	FGLMC	6.000		09/01/36		67,471
	189,928	FGLMC	6.500		10/01/36		216,021
	116,485	FGLMC	5.500		11/01/36		126,055
	267,841	FGLMC	6.000		11/01/36		291,896
	1,298,848	FGLMC	6.000		12/01/36		1,415,498
	2,305,868	FGLMC	5.500		03/01/37		2,495,305
	677,198	FGLMC	6.000		03/01/37		738,018
	150,502	FGLMC	6.500		03/01/37		168,369
	863,831	FGLMC	5.500		04/01/37		933,179
	124,416	FGLMC	5.000		05/01/37		133,880
	66,323	FGLMC	5.000		06/01/37		71,368

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	446,659		FGLMC	5.500	%	06/01/37	$	482,516
	1,606,906		FGLMC	6.000		07/01/37		1,748,712
	383,911		FGLMC	6.000		08/01/37		422,349
	161,077		FGLMC	6.000		09/01/37		177,205
	1,862,092		FGLMC	5.500		10/01/37		2,026,127
	81,220		FGLMC	6.000		11/01/37		88,387
	640,580		FGLMC	6.500		11/01/37		729,050
	272,787		FGLMC	6.000		01/01/38		296,859
	1,027,396		FGLMC	6.000		02/01/38		1,118,062
	107,289		FGLMC	6.000		02/01/38		116,757
	3,295,486		FGLMC	5.000		03/01/38		3,549,232
	923,369		FGLMC	5.000		03/01/38		993,601
	89,620		FGLMC	5.000		04/01/38		100,357
	1,061,283		FGLMC	5.000		04/01/38		1,168,272
	1,788,910		FGLMC	5.500		04/01/38		1,942,026
	427,098		FGLMC	5.500		05/01/38		461,118
	48,444		FGLMC	5.500		06/01/38		52,302
	98,396		FGLMC	6.000		07/01/38		107,079
	164,567		FGLMC	5.500		08/01/38		178,653
	1,682,927		FGLMC	5.500		08/01/38		1,821,187
	185,542		FGLMC	5.000		09/01/38		199,654
	751,216		FGLMC	5.500		09/01/38		826,782
	2,594,586		FGLMC	5.500		09/01/38		2,801,256
	32,111		FGLMC	5.500		10/01/38		34,669
	999,110		FGLMC	6.000		11/01/38		1,087,280
	4,243,424		FGLMC	4.500		02/01/39		4,553,584
	2,547,550		FGLMC	5.000		02/01/39		2,741,318
	183,519		FGLMC	5.500		02/01/39		198,138
	33,347		FGLMC	4.500		03/01/39		35,785
	700,562		FGLMC	5.000		03/01/39		771,186
	148,907		FGLMC	6.000		03/01/39		162,048
	97,255		FGLMC	4.500		04/01/39		106,552
	4,618,658		FGLMC	4.500		04/01/39		5,047,174
	1,612,138		FGLMC	4.000		05/01/39		1,721,553
	3,442,843		FGLMC	4.500		05/01/39		3,694,487
	38,965		FGLMC	4.500		05/01/39		41,813
	489,693		FGLMC	4.500		05/01/39		538,845
	977,961		FGLMC	4.500		05/01/39		1,049,442
	747,803		FGLMC	5.000		05/01/39		805,382
	1,763,383		FGLMC	4.000		06/01/39		1,883,063
	9,116,010	h	FGLMC	4.500		06/01/39		9,782,317
	412,486		FGLMC	4.500		06/01/39		442,635
	171,919		FGLMC	5.000		06/01/39		189,250
	84,848		FGLMC	5.500		06/01/39		91,606
	1,898,094		FGLMC	4.000		07/01/39		2,026,917
	148,049		FGLMC	4.500		07/01/39		158,870
	75,517		FGLMC	4.500		07/01/39		81,037
	951,985		FGLMC	4.500		07/01/39		1,021,567
	541,307		FGLMC	5.000		07/01/39		582,479
	1,390,175		FGLMC	5.500		07/01/39		1,501,777
	70,853		FGLMC	4.500		08/01/39		76,032
	200,045		FGLMC	5.000		08/01/39		215,261

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	799,089	FGLMC	4.000	%	09/01/39	$	853,323
	1,318,482	FGLMC	5.000		09/01/39		1,455,025
	34,412	FGLMC	5.500		09/01/39		37,745
	3,617,859	FGLMC	6.500		09/01/39		4,117,523
	207,560	FGLMC	4.500		10/01/39		231,137
	621,231	FGLMC	4.500		10/01/39		666,638
	168,790	FGLMC	4.500		10/01/39		188,722
	103,012	FGLMC	4.000		11/01/39		110,003
	485,137	FGLMC	4.500		11/01/39		520,596
	60,668	FGLMC	5.000		11/01/39		65,283
	154,030	FGLMC	5.000		11/01/39		165,745
	1,565,331	FGLMC	4.500		12/01/39		1,722,448
	362,018	FGLMC	4.500		12/01/39		388,479
	499,092	FGLMC	4.500		12/01/39		550,700
	855,142	FGLMC	4.500		12/01/39		917,646
	1,070,437	FGLMC	5.500		12/01/39		1,156,371
	973,480	FGLMC	4.500		01/01/40		1,044,633
	61,615	FGLMC	5.000		01/01/40		67,996
	193,464	FGLMC	5.500		01/01/40		208,875
	430,912	FGLMC	5.500		03/01/40		465,505
	121,026	FGLMC	4.500		04/01/40		133,541
	647,069	FGLMC	4.500		04/01/40		696,791
	979,521	FGLMC	5.000		04/01/40		1,073,003
	402,837	FGLMC	5.000		04/01/40		437,254
	11,019,863	FGLMC	4.500		05/01/40		11,825,326
	6,336,742	FGLMC	5.000		05/01/40		6,941,492
	22,448	FGLMC	4.500		06/01/40		24,173
	3,402,362	FGLMC	5.500		06/01/40		3,690,973
	5,262,214	FGLMC	4.500		07/01/40		5,666,573
	102,583	FGLMC	4.500		08/01/40		110,466
	1,002,433	FGLMC	5.000		08/01/40		1,088,077
	210,883	FGLMC	5.000		08/01/40		228,899
	2,132,637	FGLMC	5.000		08/01/40		2,369,955
	1,341,231	FGLMC	4.000		09/01/40		1,433,097
	9,945,504	FGLMC	4.000		11/01/40		10,806,976
	5,733,926	FGLMC	4.000		12/01/40		6,230,595
	475,047	FGLMC	3.500		01/01/41		505,555
	1,346,476	FGLMC	3.500		01/01/41		1,432,949
	1,158,849	FGLMC	4.000		01/01/41		1,238,223
	978,259	FGLMC	3.500		02/01/41		1,041,083
	1,631,811	FGLMC	4.000		02/01/41		1,743,666
	4,773,823	FGLMC	4.000		02/01/41		5,100,802
	6,561,737	FGLMC	4.000		04/01/41		7,015,280
	1,599,964	FGLMC	4.500		04/01/41		1,726,409
	384,293	FGLMC	5.000		04/01/41		417,606
	1,594,506	FGLMC	4.500		05/01/41		1,720,519
	2,211,620	FGLMC	4.500		06/01/41		2,386,402
	3,503,235	FGLMC	3.500		10/01/41		3,728,217
	3,632,734	FGLMC	5.000		10/01/41		3,979,426
	2,633,053	FGLMC	4.500		12/01/41		2,841,142
	13,390,174	FGLMC	3.500		01/01/42		14,250,106
	4,042,873	FGLMC	3.500		02/01/42		4,302,511

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	4,536,524	FGLMC	3.500	%	04/01/42	$	4,837,788
	8,462,542	FGLMC	4.000		05/01/42		9,195,561
	1,328,124	FGLMC	3.000		08/01/42		1,389,846
	7,457,076	FGLMC	3.000		10/01/42		7,803,630
	639	Federal National Mortgage Association (FNMA)	5.000		06/01/13		660
	537,910	FNMA	4.440		07/01/13		537,724
	371	FNMA	6.000		09/01/13		372
	489,540	FNMA	4.764		10/01/13		499,911
	355	FNMA	6.500		12/01/13		362
	414,218	FNMA	4.801		02/01/14		424,022
	678,687	FNMA	4.640		11/01/14		714,419
	39,535	FNMA	6.000		04/01/16		42,666
	56,950	FNMA	5.500		09/01/16		61,165
	4,269	FNMA	6.500		10/01/16		4,567
	39,631	FNMA	6.500		11/01/16		42,400
	25,177	FNMA	6.500		04/01/17		27,297
	21,466	FNMA	6.000		05/01/17		23,088
	103,238	FNMA	5.000		09/01/17		112,192
	20,020	FNMA	6.000		11/01/17		21,277
	1,345,171	FNMA	5.000		12/01/17		1,461,850
	16,756	FNMA	5.000		12/01/17		18,209
	225,435	FNMA	5.000		12/01/17		244,989
	1,892,234	FNMA	5.000		01/01/18		2,056,366
	1,745,228	FNMA	4.500		02/01/18		1,882,156
	251,639	FNMA	4.500		04/01/18		271,382
	48,871	FNMA	5.000		04/01/18		53,110
	34,975	FNMA	5.500		04/01/18		37,656
	378,369	FNMA	5.500		04/01/18		409,917
	22,657	FNMA	5.500		05/01/18		24,393
	541,614	FNMA	4.500		06/01/18		584,108
	65,737	FNMA	4.000		08/01/18		70,556
	796,918	FNMA	4.000		08/01/18		855,333
	206,419	FNMA	4.500		09/01/18		222,614
	142,380	FNMA	4.500		10/01/18		153,551
	383,691	FNMA	5.000		11/01/18		416,972
	8,277	FNMA	5.000		01/01/19		8,995
	19,898	FNMA	6.000		01/01/19		21,734
	44,825	FNMA	4.500		05/01/19		48,341
	19,705	FNMA	4.500		06/01/19		21,251
	114,080	FNMA	4.500		06/01/19		123,031
	130,381	FNMA	5.000		07/01/19		141,691
	542,882	FNMA	5.000		10/01/19		589,972
	81,195	FNMA	4.500		11/01/19		87,565
	68,710	FNMA	4.500		12/01/19		74,100
	81,710	FNMA	5.000		03/01/20		88,797
	27,188	FNMA	5.000		04/01/20		29,546
	54,899	FNMA	4.500		06/01/20		58,900
	38,668	FNMA	4.500		09/01/20		41,702
	37,995	FNMA	4.500		10/01/20		40,934
	57,426	FNMA	4.500		11/01/20		61,932
	150,523	FNMA	5.000		12/01/20		163,579
	3,175,118	FNMA	5.500		01/01/21		3,439,860

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	352,581	FNMA	5.500	%	01/01/21	$	378,674
	131,053	FNMA	5.000		03/01/21		142,420
	898,489	FNMA	6.000		04/01/21		978,656
	103,271	FNMA	5.500		08/01/21		111,882
	28,857	FNMA	6.000		08/01/21		31,712
	18,353	FNMA	5.000		10/01/21		19,945
	45,688	FNMA	5.000		11/01/21		49,651
	23,179	FNMA	5.500		11/01/21		25,112
	52,480	FNMA	5.500		10/01/22		56,757
	23,656	FNMA	6.000		10/01/22		26,111
	17,499	FNMA	5.000		03/01/23		18,967
	46,863	FNMA	4.500		04/01/23		50,437
	447,679	FNMA	4.500		06/01/23		481,824
	41,044	FNMA	5.000		06/01/23		44,444
	41,162	FNMA	5.500		06/01/23		45,083
	446,422	FNMA	5.000		07/01/23		483,401
	2,991,118	FNMA	5.000		07/01/23		3,242,154
	165,724	FNMA	5.000		07/01/23		179,451
	49,912	FNMA	5.500		08/01/23		53,980
	74,969	FNMA	5.000		11/01/23		82,381
	26,654	FNMA	5.500		11/01/23		28,877
	1,059,255	FNMA	5.500		01/01/24		1,147,576
	66,616	FNMA	5.500		02/01/24		73,046
	399,693	FNMA	4.000		03/01/24		428,242
	29,862	FNMA	4.500		04/01/24		32,135
	576,346	FNMA	4.000		05/01/24		617,512
	1,751,709	FNMA	4.000		05/01/24		1,876,829
	36,233	FNMA	4.000		06/01/24		38,821
	42,428	FNMA	4.500		07/01/24		46,619
	37,604	FNMA	5.500		07/01/24		41,233
	604	FNMA	8.000		07/01/24		722
	227,934	FNMA	4.500		08/01/24		245,283
	192,804	FNMA	4.000		09/01/24		206,575
	838,997	FNMA	4.000		09/01/24		898,924
	120,913	FNMA	4.500		09/01/24		130,117
	1,843,670	FNMA	4.500		10/01/24		1,984,000
	98,622	FNMA	5.000		01/01/25		108,373
	203,068	FNMA	4.500		02/01/25		219,127
	1,444,121	FNMA	4.500		03/01/25		1,558,327
	35,183	FNMA	4.500		03/01/25		37,965
	436,904	FNMA	5.000		03/01/25		479,009
	1,198,891	FNMA	4.500		04/01/25		1,293,704
	386,671	FNMA	4.500		04/01/25		417,251
	5,316,941	FNMA	4.000		05/01/25		5,695,053
	1,426,771	FNMA	4.000		06/01/25		1,528,235
	1,353,265	FNMA	4.500		06/01/25		1,460,286
	506,610	FNMA	4.000		08/01/25		542,637
	194,719	FNMA	5.500		08/01/25		213,271
	2,392,593	FNMA	3.500		09/01/25		2,539,563
	2,464,435	FNMA	4.000		09/01/25		2,640,463
	3,065,777	FNMA	3.500		10/01/25		3,254,098
	948,453	FNMA	5.000		10/01/25		1,039,858

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	1,665,722	FNMA	4.000	%	11/01/25	$	1,784,179
	2,307,026	FNMA	3.500		12/01/25		2,448,740
	1,472,416	FNMA	3.500		02/01/26		1,562,862
	565,509	FNMA	4.000		03/01/26		605,902
	1,495,690	FNMA	4.000		06/01/26		1,602,522
	1,286,616	FNMA	3.500		08/01/26		1,365,649
	1,048,518	FNMA	3.500		09/01/26		1,112,925
	641,841	FNMA	4.000		09/01/26		687,685
	1,623,317	FNMA	3.500		10/01/26		1,723,032
	38,636	FNMA	6.000		10/01/26		42,299
	2,019,471	FNMA	3.000		11/01/26		2,133,129
	1,657,624	FNMA	3.000		12/01/26		1,750,917
	3,138,555	FNMA	3.000		04/01/27		3,317,159
	5,017,341	FNMA	3.000		04/01/27		5,302,859
	2,183,187	FNMA	3.500		05/01/27		2,332,986
	2,152,868	FNMA	2.500		06/01/27		2,252,887
	4,738,545	FNMA	3.000		06/01/27		5,008,198
	2,215,850	FNMA	2.500		07/01/27		2,318,794
	350,522	FNMA	6.000		08/01/27		383,536
	3,922,965	FNMA	2.500		09/01/27		4,105,219
	127,794	FNMA	5.500		09/01/27		139,091
	6,968,936	FNMA	2.500		10/01/27		7,292,701
	16,981	FNMA	5.500		01/01/28		18,472
	15,161	FNMA	5.000		02/01/28		16,432
	720,549	FNMA	5.000		05/01/28		780,984
	84,746	FNMA	5.500		06/01/28		92,184
	14,671	FNMA	5.500		11/01/28		15,950
	52	FNMA	7.500		01/01/29		63
	103,485	FNMA	4.000		03/01/29		111,402
	449,937	FNMA	4.500		04/01/29		487,451
	952	FNMA	6.500		04/01/29		1,101
	265,401	FNMA	4.000		05/01/29		285,703
	166,003	FNMA	4.500		06/01/29		179,844
	45,364	FNMA	4.000		07/01/29		48,835
	288	FNMA	7.500		07/01/29		289
	3,655	FNMA	7.500		07/01/29		3,809
	888,975	FNMA	4.500		08/01/29		963,096
	139,908	FNMA	4.500		09/01/29		151,574
	78,846	FNMA	4.500		11/01/29		87,169
	42,184	FNMA	4.500		01/01/30		45,675
	122,898	FNMA	4.000		03/01/30		132,300
	50,768	FNMA	4.500		05/01/30		54,969
	68,059	FNMA	4.500		06/01/30		73,691
	606,681	FNMA	4.500		08/01/30		656,885
	125,763	FNMA	4.000		09/01/30		135,384
	692,429	FNMA	4.000		10/01/30		745,397
	952,304	FNMA	4.000		11/01/30		1,025,151
	254,069	FNMA	4.500		12/01/30		276,206
	283,173	FNMA	3.500		02/01/31		302,764
	359,758	FNMA	4.000		02/01/31		387,278
	293	FNMA	7.500		02/01/31		311
	2,396	FNMA	7.500		03/01/31		2,925

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	777,965		FNMA	3.500	%	04/01/31	$	831,786
	107,270		FNMA	4.000		04/01/31		115,476
	13,402		FNMA	6.000		05/01/31		14,974
	1,389		FNMA	7.500		05/01/31		1,522
	572,167		FNMA	4.500		07/01/31		628,403
	2,600,416		FNMA	4.500		07/01/31		2,874,928
	3,540,209		FNMA	4.000		08/01/31		3,811,021
	243,099		FNMA	4.000		09/01/31		261,695
	1,033		FNMA	6.500		09/01/31		1,220
	106,373		FNMA	6.000		11/01/31		118,852
	12,802		FNMA	6.500		11/01/31		14,652
	5,276,269		FNMA	3.500		01/01/32		5,641,292
	41,756		FNMA	6.000		01/01/32		46,655
	27,431		FNMA	6.000		01/01/32		30,721
	29,441		FNMA	6.000		02/01/32		32,894
	90,604		FNMA	6.500		04/01/32		103,487
	220,153		FNMA	6.500		07/01/32		250,776
	23,454		FNMA	6.500		08/01/32		27,751
	1,715,398		FNMA	3.000		09/01/32		1,805,538
	290,255		FNMA	6.000		09/01/32		324,305
	35,158		FNMA	7.500		09/01/32		43,032
	201,311		FNMA	5.500		10/01/32		221,247
	45,696		FNMA	6.000		10/01/32		51,042
	63,204		FNMA	6.000		11/01/32		70,599
	12,814		FNMA	5.500		12/01/32		14,083
	92,270		FNMA	5.500		12/01/32		101,407
	125,841		FNMA	6.000		12/01/32		140,604
	560,955		FNMA	5.500		01/01/33		616,506
	1,265,453		FNMA	6.000		01/01/33		1,402,854
	37,505		FNMA	5.000		02/01/33		40,862
	756,471		FNMA	5.000		02/01/33		824,174
	28,419		FNMA	6.000		04/01/33		31,744
	4,671,099		FNMA	5.500		05/01/33		5,133,675
	259,376		FNMA	5.000		06/01/33		282,127
	527,139		FNMA	5.500		06/01/33		579,341
	63,366		FNMA	4.500		07/01/33		68,788
	275,037		FNMA	5.000		07/01/33		299,652
	212,138		FNMA	4.500		08/01/33		230,290
	353,663		FNMA	4.500		08/01/33		383,924
	131,420		FNMA	5.000		08/01/33		143,182
	162,420		FNMA	5.500		09/01/33		182,819
	409,468		FNMA	5.500		09/01/33		460,894
	70,699		FNMA	6.000		09/01/33		78,970
	705,889		FNMA	4.500		10/01/33		766,288
	99,013		FNMA	5.000		10/01/33		107,875
	155,293		FNMA	5.000		10/01/33		169,191
	1,014,263		FNMA	5.500		10/01/33		1,152,740
	1,860,659		FNMA	5.500		10/01/33		2,132,718
	58,168		FNMA	4.500		11/01/33		63,146
	125,061		FNMA	5.000		11/01/33		136,254
	8,864,306	h	FNMA	5.000		11/01/33		9,657,644
	1,095,996		FNMA	5.000		12/01/33		1,194,086

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,101,981		FNMA	5.500	%	12/01/33	$	1,246,923
	395,190		FNMA	5.000		02/01/34		430,559
	1,478,404		FNMA	6.000		02/01/34		1,651,374
	2,413,916		FNMA	5.000		03/01/34		2,629,957
	43,394		FNMA	5.000		03/01/34		47,278
	58,760		FNMA	5.000		03/01/34		64,019
	99,650		FNMA	5.000		03/01/34		108,364
	124,564		FNMA	5.000		03/01/34		135,712
	36,744		FNMA	5.000		03/01/34		40,032
	361,005		FNMA	5.000		04/01/34		392,411
	379,139		FNMA	5.500		04/01/34		416,685
	38,175		FNMA	4.500		05/01/34		41,441
	163,752		FNMA	4.500		05/01/34		177,456
	123,822		FNMA	5.500		07/01/34		135,465
	83,741		FNMA	5.500		07/01/34		91,615
	93,986		FNMA	7.000		07/01/34		112,295
	125,669		FNMA	5.000		08/01/34		137,183
	1,036,761		FNMA	5.000		08/01/34		1,126,745
	95,837		FNMA	6.000		08/01/34		107,050
	522,078		FNMA	6.000		08/01/34		583,161
	57,096		FNMA	4.500		09/01/34		61,874
	2,130,321		FNMA	5.500		09/01/34		2,330,633
	18,048		FNMA	5.500		11/01/34		19,745
	177,495		FNMA	6.000		11/01/34		196,923
	31,752		FNMA	5.000		12/01/34		34,593
	21,184		FNMA	5.500		12/01/34		23,176
	55,192		FNMA	6.000		12/01/34		61,632
	2,774,397		FNMA	4.500		01/01/35		3,011,787
	231,515		FNMA	5.500		01/01/35		253,827
	6,575,564		FNMA	5.500		02/01/35		7,226,737
	274,005		FNMA	5.500		02/01/35		299,769
	1,710,376		FNMA	5.500		04/01/35		1,935,340
	261,003		FNMA	6.000		04/01/35		290,235
	222,114		FNMA	6.000		04/01/35		247,566
	256,045		FNMA	5.500		05/01/35		284,601
	335,370		FNMA	6.000		05/01/35		373,686
	113,424		FNMA	5.000		06/01/35		123,804
	8,141		FNMA	7.500		06/01/35		9,059
	10,896	i	FNMA	4.686		07/01/35		11,690
	266,135		FNMA	5.000		07/01/35		294,727
	647,208		FNMA	4.500		08/01/35		700,159
	1,099,577		FNMA	5.000		08/01/35		1,193,864
	504,449		FNMA	5.000		08/01/35		547,704
	30,781		FNMA	4.500		09/01/35		33,300
	32,480		FNMA	4.500		09/01/35		35,259
	69,956		FNMA	5.500		09/01/35		76,883
	847,907		FNMA	5.000		10/01/35		920,614
	998,982		FNMA	5.500		10/01/35		1,130,377
	46,076		FNMA	5.000		11/01/35		49,696
	1,330,497		FNMA	5.500		11/01/35		1,453,939
	18,180		FNMA	4.500		12/01/35		19,667
	101,864		FNMA	5.500		12/01/35		111,320

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	710,609		FNMA	6.000	%	12/01/35	$	782,978
	335,742	i	FNMA	2.705		02/01/36		356,089
	671		FNMA	5.000		02/01/36		719
	80,944		FNMA	5.000		02/01/36		86,747
	2,702,179		FNMA	5.000		02/01/36		2,938,814
	216,013		FNMA	6.500		02/01/36		243,777
	1,625,061		FNMA	6.000		03/01/36		1,779,134
	29,848		FNMA	5.000		05/01/36		32,332
	1,987,263		FNMA	6.000		06/01/36		2,219,148
	205,392	i	FNMA	2.760		07/01/36		219,654
	120,776		FNMA	6.000		07/01/36		132,661
	899,135		FNMA	6.500		07/01/36		1,008,252
	2,011,034		FNMA	5.500		08/01/36		2,187,561
	768,898		FNMA	6.500		08/01/36		880,108
	71,066		FNMA	5.500		09/01/36		77,748
	77,111		FNMA	6.500		09/01/36		86,500
	192,100		FNMA	6.500		09/01/36		216,131
	215,111		FNMA	6.000		10/01/36		235,506
	91,955		FNMA	6.500		11/01/36		103,155
	30,436	i	FNMA	5.674		12/01/36		32,491
	661,634		FNMA	6.000		12/01/36		724,364
	74,757	i	FNMA	2.860		01/01/37		80,230
	257,253		FNMA	5.500		01/01/37		279,834
	9,629	i	FNMA	2.270		02/01/37		10,090
	1,777,725		FNMA	5.500		02/01/37		1,933,772
	39,965		FNMA	6.000		02/01/37		43,754
	55,791		FNMA	7.000		02/01/37		66,404
	19,698	i	FNMA	2.798		03/01/37		20,904
	7,885		FNMA	5.000		03/01/37		8,542
	589,626		FNMA	6.500		03/01/37		662,665
	207,408		FNMA	6.500		03/01/37		234,363
	19,403	i	FNMA	5.563		04/01/37		20,929
	333,391		FNMA	7.000		04/01/37		396,812
	648,428		FNMA	5.000		05/01/37		702,408
	21,802		FNMA	7.000		05/01/37		25,949
	94,943	i	FNMA	5.165		06/01/37		102,035
	203,903		FNMA	5.500		06/01/37		221,578
	130,154		FNMA	5.500		08/01/37		142,393
	76,012		FNMA	6.000		08/01/37		83,267
	117,981		FNMA	6.500		08/01/37		132,688
	444,963		FNMA	6.500		08/01/37		500,012
	197,165		FNMA	5.500		09/01/37		224,084
	264,556		FNMA	6.000		09/01/37		289,639
	284,311		FNMA	6.000		09/01/37		324,683
	491,327		FNMA	6.000		09/01/37		561,095
	200,565		FNMA	6.000		09/01/37		224,960
	704,625		FNMA	6.000		09/01/37		804,680
	67,632		FNMA	6.500		09/01/37		75,767
	372,012		FNMA	6.500		09/01/37		418,036
	572,490	i	FNMA	2.481		10/01/37		615,148
	159,441		FNMA	6.500		10/01/37		179,009
	1,102,321		FNMA	5.500		11/01/37		1,197,876

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,767,711		FNMA	6.000	%	11/01/37	$	3,030,119
	97,101		FNMA	7.000		11/01/37		115,573
	12,790		FNMA	6.500		01/01/38		14,612
	55,057		FNMA	6.500		01/01/38		64,870
	716,277		FNMA	5.500		02/01/38		778,256
	38,016		FNMA	6.500		02/01/38		42,842
	118,806		FNMA	7.000		02/01/38		141,407
	78,393		FNMA	5.000		03/01/38		84,919
	55,327		FNMA	5.000		03/01/38		59,933
	101,985	i	FNMA	5.009		03/01/38		109,227
	142,712		FNMA	5.500		03/01/38		155,061
	32,479		FNMA	6.000		03/01/38		36,432
	929,633		FNMA	6.500		03/01/38		1,062,232
	214,185		FNMA	6.500		03/01/38		240,644
	80,653		FNMA	6.500		03/01/38		92,150
	129,601		FNMA	6.500		03/01/38		152,635
	68,826		FNMA	5.000		04/01/38		74,556
	2,761,451		FNMA	5.500		04/01/38		3,000,397
	1,901,101		FNMA	6.000		04/01/38		2,077,187
	78,072		FNMA	4.500		05/01/38		84,361
	5,407,219		FNMA	5.000		05/01/38		5,877,637
	1,800,740		FNMA	5.000		05/01/38		1,950,648
	7,245,433		FNMA	6.000		06/01/38		7,916,527
	1,777,486		FNMA	6.000		07/01/38		1,946,010
	24,891	i	FNMA	4.792		08/01/38		26,657
	13,437	i	FNMA	5.333		08/01/38		14,467
	132,486	i	FNMA	4.917		10/01/38		141,998
	22,416		FNMA	6.000		10/01/38		24,493
	213,170		FNMA	5.500		11/01/38		231,615
	34,414		FNMA	5.000		12/01/38		37,279
	4,014,754		FNMA	5.500		12/01/38		4,387,240
	868,147		FNMA	4.500		01/01/39		938,088
	304,273		FNMA	5.000		01/01/39		329,603
	1,224,359		FNMA	5.000		01/01/39		1,326,284
	682,768		FNMA	5.500		01/01/39		741,847
	3,197,243		FNMA	5.500		01/01/39		3,474,397
	218,744		FNMA	6.000		01/01/39		239,005
	446,500		FNMA	6.000		01/01/39		487,857
	2,226,364		FNMA	4.500		02/01/39		2,405,730
	1,180,119		FNMA	4.500		02/01/39		1,275,195
	1,291,025		FNMA	4.500		02/01/39		1,395,036
	54,376		FNMA	5.500		02/01/39		59,081
	2,095,046		FNMA	4.000		04/01/39		2,247,453
	62,460		FNMA	5.500		04/01/39		68,313
	1,053,155		FNMA	4.500		05/01/39		1,138,002
	2,980,126		FNMA	4.500		05/01/39		3,299,844
	160,117		FNMA	4.500		06/01/39		173,017
	78,955	i	FNMA	3.981		07/01/39		84,297
	285,228		FNMA	4.500		07/01/39		308,207
	563,678		FNMA	4.500		07/01/39		609,090
	59,488		FNMA	5.000		07/01/39		65,593
	96,487	i	FNMA	3.522		08/01/39		102,989

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	396,644	i	FNMA	3.697	%	08/01/39	$	422,402
	6,431,350		FNMA	4.000		08/01/39		6,899,206
	931,611		FNMA	4.000		08/01/39		999,383
	1,656,689		FNMA	4.500		08/01/39		1,790,159
	3,486,895		FNMA	4.500		08/01/39		3,871,333
	69,043		FNMA	4.500		08/01/39		77,669
	6,304,061		FNMA	5.000		08/01/39		6,828,862
	64,894		FNMA	5.000		08/01/39		70,297
	2,191,277		FNMA	4.000		09/01/39		2,350,684
	134,026		FNMA	5.000		09/01/39		145,183
	754,382		FNMA	5.500		09/01/39		849,126
	914,561		FNMA	6.000		09/01/39		1,001,271
	3,731,991		FNMA	6.500		10/01/39		4,190,045
	99,754		FNMA	5.000		11/01/39		110,739
	2,818,701		FNMA	4.000		12/01/39		3,023,751
	234,870		FNMA	4.500		12/01/39		261,499
	10,430,084		FNMA	4.500		12/01/39		11,270,380
	806,879		FNMA	4.500		12/01/39		871,885
	119,933	i	FNMA	3.689		01/01/40		126,992
	161,840		FNMA	4.500		01/01/40		174,878
	219,611		FNMA	5.000		01/01/40		242,149
	2,323,695		FNMA	6.000		02/01/40		2,540,592
	1,946,273		FNMA	4.500		03/01/40		2,103,073
	827,624		FNMA	4.500		03/01/40		896,887
	99,686		FNMA	5.000		03/01/40		111,037
	87,758		FNMA	4.500		04/01/40		95,102
	3,154,388		FNMA	5.000		04/01/40		3,478,101
	3,467,627		FNMA	5.000		04/01/40		3,790,525
	525,435	i	FNMA	3.508		05/01/40		557,259
	622,513	i	FNMA	3.608		05/01/40		659,100
	1,014,428	i	FNMA	3.740		05/01/40		1,076,659
	82,846		FNMA	4.500		05/01/40		91,980
	279,535		FNMA	4.500		07/01/40		302,929
	240,620		FNMA	4.500		07/01/40		260,757
	267,887		FNMA	5.000		07/01/40		298,392
	151,733	i	FNMA	3.422		08/01/40		159,655
	2,167,519		FNMA	4.500		08/01/40		2,341,530
	2,294,048		FNMA	5.000		08/01/40		2,531,009
	3,903,970		FNMA	4.500		09/01/40		4,230,691
	1,788,142		FNMA	4.500		09/01/40		1,937,791
	6,482,039		FNMA	6.000		09/01/40		7,096,605
	604,864		FNMA	3.500		10/01/40		645,387
	2,853,629		FNMA	4.000		10/01/40		3,062,112
	4,677,929		FNMA	4.500		10/01/40		5,069,423
	3,919,784		FNMA	3.500		11/01/40		4,182,388
	3,139,365		FNMA	4.000		11/01/40		3,368,723
	4,644,920		FNMA	4.000		11/01/40		4,984,272
	5,484,753		FNMA	4.000		11/01/40		5,885,462
	525,496		FNMA	4.500		11/01/40		577,029
	859,718	i	FNMA	3.239		12/01/40		908,152
	1,382,763		FNMA	4.000		12/01/40		1,510,144
	6,943,357		FNMA	4.500		12/01/40		7,524,444

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	147,897		FNMA	3.500	%	01/01/41	$	157,806
	417,665	i	FNMA	3.156		02/01/41		438,842
	856,551		FNMA	3.500		02/01/41		913,935
	4,299,669		FNMA	4.000		02/01/41		4,613,798
	4,149,494		FNMA	4.000		03/01/41		4,452,650
	3,374,956		FNMA	4.500		04/01/41		3,657,404
	997,051		FNMA	4.500		05/01/41		1,082,363
	3,438,476		FNMA	4.500		06/01/41		3,732,688
	1,127,532	i	FNMA	3.236		07/01/41		1,187,725
	3,446,830		FNMA	4.500		07/01/41		3,741,757
	8,900,289		FNMA	4.000		09/01/41		9,553,314
	5,158,639		FNMA	4.500		09/01/41		5,600,036
	2,982,448		FNMA	5.500		09/01/41		3,244,245
	2,235,743	i	FNMA	2.951		10/01/41		2,342,418
	382,055	i	FNMA	3.173		10/01/41		403,028
	2,185,672		FNMA	3.500		11/01/41		2,332,101
	2,819,092	i	FNMA	2.845		12/01/41		2,955,553
	3,010,096		FNMA	4.000		12/01/41		3,230,950
	5,629,001	m	FNMA	3.500		03/01/42		6,018,427
	3,151,561		FNMA	3.500		04/01/42		3,421,791
	4,625,471		FNMA	5.000		04/01/42		5,210,006
	5,572,751		FNMA	5.000		05/01/42		6,083,692
	2,816,489		FNMA	3.000		06/01/42		2,954,146
	16,009,488		FNMA	3.500		06/01/42		17,117,057
	16,158,877		FNMA	4.000		06/01/42		17,536,360
	24,108,290		FNMA	3.500		07/01/42		25,776,150
	9,770,191		FNMA	3.500		09/01/42		10,446,113
	12,439,984		FNMA	3.000		10/01/42		13,047,994
	2,045,139		FNMA	3.500		02/01/32		2,186,626
	15,000,000	h	FNMA	3.000		01/01/43		15,733,132
	19,142		Government National Mortgage Association (GNMA)	5.000		02/15/18		20,561
	71,610		GNMA	4.500		02/15/19		78,403
	26,800		GNMA	4.500		01/20/24		29,225
	144,001		GNMA	4.000		04/15/24		155,277
	20,831		GNMA	4.500		07/15/24		22,732
	490,489		GNMA	4.000		08/15/24		528,896
	129,299		GNMA	4.500		08/15/24		141,100
	464,150		GNMA	4.000		09/15/24		500,494
	57,797		GNMA	4.500		01/15/25		63,054
	472,759		GNMA	4.000		08/15/25		509,778
	259,213		GNMA	3.500		03/15/26		278,422
	380,351		GNMA	4.000		04/15/26		410,134
	295,153		GNMA	4.000		06/20/26		315,294
	447,562		GNMA	3.500		11/20/26		479,045
	1,769,834		GNMA	3.000		12/15/26		1,891,086
	4,674,572		GNMA	2.500		04/20/27		4,942,240
	10,757		GNMA	6.500		09/15/28		12,447
	1,698		GNMA	6.500		09/15/28		1,964
	5,261		GNMA	6.500		11/15/28		6,184
	1,349		GNMA	7.500		11/15/28		1,568
	9,420		GNMA	8.500		10/15/30		10,261
	6,705		GNMA	8.500		10/20/30		8,402

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	928	GNMA	8.500	%	12/15/30	$	1,075
	1,210	GNMA	7.000		06/20/31		1,461
	1,073	GNMA	6.500		07/15/31		1,272
	3,877	GNMA	7.000		07/15/31		4,622
	5,728	GNMA	7.000		07/15/31		6,828
	5,147	GNMA	7.500		02/15/32		5,309
	512,609	GNMA	6.000		10/15/32		578,014
	86,420	GNMA	5.500		12/20/32		95,497
	160,798	GNMA	5.500		05/15/33		179,121
	31,587	GNMA	5.000		07/15/33		34,777
	148,133	GNMA	5.500		07/15/33		163,670
	28,103	GNMA	5.000		07/20/33		30,958
	179,807	GNMA	5.000		08/15/33		199,762
	64,085	GNMA	5.000		08/15/33		70,717
	422,418	GNMA	5.500		09/15/33		479,924
	357,910	GNMA	6.000		11/20/33		403,018
	156,488	GNMA	5.500		05/20/34		176,037
	234,854	GNMA	6.000		09/20/34		263,737
	22,446	GNMA	5.000		10/20/34		24,747
	615,430	GNMA	5.500		11/15/34		679,019
	194,681	GNMA	6.500		01/15/35		221,956
	120,362	GNMA	5.500		02/20/35		133,857
	2,493,158	GNMA	5.000		03/20/35		2,748,813
	806,216	GNMA	5.000		04/15/35		887,627
	852,122	GNMA	5.500		05/20/35		947,673
	35,091	GNMA	5.000		09/20/35		38,645
	27,821	GNMA	5.000		11/15/35		30,491
	31,944	GNMA	5.000		11/15/35		35,010
	276,667	GNMA	5.500		02/20/36		311,215
	30,124	GNMA	5.500		03/15/36		33,040
	98,321	GNMA	5.500		05/20/36		108,158
	25,149	GNMA	6.500		06/15/36		29,522
	966,336	GNMA	5.500		06/20/36		1,063,011
	42,519	GNMA	5.000		09/15/36		46,700
	47,464	GNMA	6.000		09/15/36		52,986
	86,881	GNMA	6.000		10/20/36		97,180
	45,199	GNMA	5.000		12/15/36		49,576
	47,669	GNMA	5.500		01/15/37		52,311
	47,363	GNMA	6.000		01/20/37		52,977
	1,508,064	GNMA	5.500		02/15/37		1,654,928
	158,401	GNMA	6.000		02/20/37		177,176
	1,216,738	GNMA	6.000		04/15/37		1,360,831
	30,644	GNMA	6.500		04/15/37		34,784
	577,754	GNMA	6.000		04/20/37		644,790
	78,375	GNMA	6.000		06/15/37		87,493
	97,703	GNMA	6.000		08/20/37		109,040
	73,169	GNMA	6.500		08/20/37		83,070
	374,834	GNMA	6.500		11/20/37		425,559
	380,493	GNMA	6.000		12/15/37		424,760
	29,097	GNMA	5.000		02/20/38		31,826
	795,518	GNMA	5.000		04/15/38		867,894
	33,812	GNMA	5.500		05/20/38		37,110

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	100,142		GNMA	5.500	%	06/15/38	$	110,426
	283,957		GNMA	6.000		06/20/38		316,905
	656,578		GNMA	5.500		07/15/38		720,520
	2,525,331		GNMA	5.000		07/20/38		2,762,188
	2,407,965		GNMA	5.500		07/20/38		2,642,845
	74,579		GNMA	5.500		08/15/38		81,842
	422,082		GNMA	6.000		08/15/38		471,188
	1,034,989		GNMA	6.000		08/15/38		1,155,402
	239,930		GNMA	6.000		08/20/38		267,769
	968,853		GNMA	6.000		09/20/38		1,081,269
	188,912		GNMA	5.000		10/15/38		206,100
	39,572		GNMA	5.500		10/15/38		44,959
	59,626		GNMA	6.500		10/20/38		67,770
	38,068		GNMA	6.500		10/20/38		43,220
	18,655		GNMA	5.500		11/15/38		20,471
	144,116		GNMA	6.500		11/20/38		163,618
	1,418,109		GNMA	6.000		12/15/38		1,583,095
	18,842		GNMA	6.500		12/15/38		21,457
	100,450		GNMA	5.000		01/15/39		109,966
	4,893,186		GNMA	4.500		01/20/39		5,358,248
	382,288		GNMA	6.500		01/20/39		434,022
	185,164		GNMA	5.000		02/15/39		202,704
	73,944		GNMA	6.000		02/15/39		82,547
	238,587		GNMA	4.500		03/15/39		262,307
	1,482,463		GNMA	4.500		03/15/39		1,629,846
	49,638		GNMA	4.500		03/20/39		54,455
	66,011	i	GNMA	5.000		03/20/39		70,111
	724,052		GNMA	5.500		03/20/39		794,678
	95,741		GNMA	4.500		04/15/39		105,259
	1,284,464		GNMA	5.500		04/15/39		1,416,377
	31,570		GNMA	5.000		04/20/39		34,867
	138,379		GNMA	4.000		05/15/39		152,289
	2,763,330		GNMA	4.500		05/15/39		3,038,054
	1,688,609		GNMA	5.000		05/15/39		1,848,571
	136,362		GNMA	4.000		05/20/39		148,567
	405,803		GNMA	4.500		05/20/39		445,187
	49,003		GNMA	4.500		06/15/39		53,874
	6,062,019		GNMA	4.500		06/15/39		6,664,691
	72,981		GNMA	5.000		06/15/39		79,895
	4,800,184		GNMA	5.000		06/15/39		5,361,410
	3,994,316		GNMA	5.000		06/15/39		4,461,322
	155,956		GNMA	5.000		06/15/39		170,145
	73,990		GNMA	5.000		06/15/39		80,999
	73,042		GNMA	4.000		06/20/39		79,580
	51,366		GNMA	5.000		06/20/39		56,696
	108,404		GNMA	4.500		07/15/39		119,181
	195,657		GNMA	4.500		07/15/39		215,108
	5,646,099		GNMA	4.500		07/15/39		6,276,232
	66,851		GNMA	5.000		07/15/39		73,183
	808,715		GNMA	4.500		07/20/39		887,203
	734,899		GNMA	5.000		07/20/39		811,150
	66,176		GNMA	5.500		07/20/39		72,714

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	300,471		GNMA	4.000	%	08/15/39	$	330,677
	1,313,596		GNMA	5.000		08/15/39		1,438,033
	80,802		GNMA	5.500		08/15/39		88,671
	128,885		GNMA	6.000		08/15/39		143,880
	195,831		GNMA	4.000		08/20/39		214,086
	213,774		GNMA	5.000		08/20/39		235,954
	123,224		GNMA	5.000		09/15/39		134,897
	291,095		GNMA	5.000		09/20/39		322,946
	82,083		GNMA	4.500		10/15/39		90,243
	42,119		GNMA	5.000		10/15/39		46,109
	80,318		GNMA	4.500		10/20/39		87,952
	118,955		GNMA	4.500		11/15/39		132,231
	116,654		GNMA	4.500		11/20/39		128,616
	142,925		GNMA	5.000		11/20/39		158,161
	222,738		GNMA	4.500		12/15/39		244,882
	4,372,281		GNMA	4.500		12/15/39		4,806,963
	113,657		GNMA	4.500		12/20/39		125,312
	4,388,919		GNMA	5.000		12/20/39		4,856,767
	3,776,733		GNMA	4.500		01/20/40		4,164,009
	56,286		GNMA	5.500		01/20/40		61,776
	2,480,919		GNMA	5.500		02/15/40		2,722,526
	219,876		GNMA	4.000		03/15/40		241,618
	71,321		GNMA	5.000		03/15/40		78,456
	64,852		GNMA	4.500		04/15/40		71,583
	1,292,891		GNMA	5.000		04/15/40		1,422,235
	167,035		GNMA	4.500		04/20/40		184,696
	29,897		GNMA	4.500		05/15/40		32,889
	751,618		GNMA	5.000		05/15/40		826,811
	1,648,845	i	GNMA	3.000		05/20/40		1,750,910
	35,875		GNMA	4.500		05/20/40		39,554
	82,466		GNMA	4.500		06/15/40		91,026
	12,147,108		GNMA	4.500		06/15/40		13,426,236
	75,484		GNMA	4.500		06/15/40		83,319
	789,718		GNMA	5.000		06/20/40		872,187
	509,566		GNMA	4.500		07/15/40		562,456
	1,908,967		GNMA	4.500		07/15/40		2,107,104
	5,732,918		GNMA	4.500		07/20/40		6,339,074
	176,147		GNMA	5.000		07/20/40		195,195
	1,225,946		GNMA	4.000		08/15/40		1,353,783
	3,765,130		GNMA	4.000		08/15/40		4,148,328
	347,230		GNMA	4.500		08/15/40		385,982
	446,002		GNMA	4.500		08/20/40		493,159
	339,704		GNMA	4.500		09/20/40		375,625
	94,663		GNMA	5.500		09/20/40		104,015
	138,030		GNMA	6.500		09/20/40		158,003
	98,121		GNMA	4.000		10/15/40		108,997
	341,667		GNMA	6.000		10/20/40		383,233
	1,112,825		GNMA	4.000		11/15/40		1,228,865
	3,959,269		GNMA	4.000		11/20/40		4,344,399
	990,766		GNMA	3.500		12/15/40		1,078,408
	1,622,669		GNMA	5.500		12/20/40		1,780,948
	4,043,992		GNMA	4.000		01/15/41		4,461,890

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	10,345,458		GNMA	4.000	%	01/20/41	$	11,364,723
	1,043,443		GNMA	4.000		02/15/41		1,145,401
	3,360,182		GNMA	4.500		02/20/41		3,706,844
	1,913,036		GNMA	4.500		03/15/41		2,110,791
	4,507,615		GNMA	4.500		04/20/41		4,939,118
	922,533		GNMA	5.000		04/20/41		1,019,438
	490,530	i	GNMA	4.000		06/20/41		526,392
	1,192,609		GNMA	4.000		07/15/41		1,309,142
	1,594,234		GNMA	4.000		07/20/41		1,748,879
	5,198,062		GNMA	4.500		07/20/41		5,717,701
	5,047,818		GNMA	5.000		07/20/41		5,574,899
	1,482,656		GNMA	4.500		08/15/41		1,623,572
	2,504,598		GNMA	5.000		08/20/41		2,767,687
	284,046	i	GNMA	3.000		09/20/41		302,213
	6,803,048		GNMA	4.000		09/20/41		7,462,963
	470,848		GNMA	4.000		10/15/41		516,856
	752,863	i	GNMA	2.500		10/20/41		790,902
	446,360	i	GNMA	3.500		10/20/41		476,514
	8,557,106		GNMA	4.000		10/20/41		9,314,948
	1,390,530		GNMA	5.500		10/20/41		1,527,904
	2,198,073		GNMA	3.500		11/15/41		2,390,451
	5,382,164		GNMA	5.000		11/20/41		5,939,312
	1,901,774		GNMA	6.000		11/20/41		2,122,436
	4,629,843		GNMA	3.500		01/20/42		5,036,697
	2,280,549	i	GNMA	3.000		02/20/42		2,429,972
	2,338,284		GNMA	3.500		03/20/42		2,543,764
	5,484,605		GNMA	4.500		03/20/42		6,050,439
	4,219,981		GNMA	3.500		04/15/42		4,589,319
	4,799,251		GNMA	3.500		05/20/42		5,220,992
	4,869,525		GNMA	3.500		05/20/42		5,359,832
	6,448,196		GNMA	4.000		05/20/42		7,025,393
	1,973,184	i	GNMA	2.000		07/20/42		2,061,782
	4,880,161		GNMA	3.500		07/20/42		5,309,012
	19,672,720		GNMA	3.500		08/20/42		21,401,489
	7,908,765		GNMA	6.000		08/20/42		8,826,418
	6,985,268		GNMA	3.000		11/20/42		7,437,327
	1,323,529		GNMA	6.500		01/15/44		1,428,562

			TOTAL MORTGAGE BACKED					1,196,496,041


MUNICIPAL BONDS - 0.9%
	500,000		American Municipal Power	6.270		02/15/50		597,805
	300,000		American Municipal Power-Ohio, Inc	7.834		02/15/41		420,099
	500,000		Bay Area Toll Authority	6.263		04/01/49		692,440
	200,000		Central Puget Sound Regional Transit Authority	5.491		11/01/39		249,290
	150,000		Colorado Bridge Enterprise	6.078		12/01/40		193,906
	200,000		Commonwealth of Massachusetts	4.200		12/01/21		227,896
	500,000		Commonwealth of Massachusetts	5.731		06/01/40		655,500
	195,000		Commonwealth of Pennsylvania	5.850		07/15/30		235,227
	200,000		County of Clark NV	6.820		07/01/45		286,302
	200,000		District of Columbia	5.591		12/01/34		249,660
	100,000		East Baton Rouge Sewerage Commission	6.087		02/01/45		112,975
	400,000		Government Development Bank for Puerto Rico	3.670		05/01/14		398,652

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	500,000		Government Development Bank for Puerto Rico	4.375	%	02/01/19	$	490,005
	100,000		Kentucky Asset Liability Commission	3.165		04/01/18		104,685
	30,000		Los Angeles Unified School District	5.750		07/01/34		35,968
	100,000		Massachusetts School Building Authority	5.715		08/15/39		128,974
	100,000		Metropolitan Government of Nashville & Davidson County	6.731		07/01/43		120,813
	940,000		Metropolitan Transportation Authority	6.648		11/15/39		1,214,818
	250,000		Municipal Electric Authority of Georgia	6.637		04/01/57		298,628
	500,000		Municipal Electric Authority of Georgia	6.655		04/01/57		593,720
	972,000		New Jersey Economic Development Authority	7.425		02/15/29		1,243,810
	35,000		New Jersey State Turnpike Authority	7.414		01/01/40		51,658
	800,000		New Jersey Transportation Trust Fund Authority	5.754		12/15/28		960,048
	1,100,000		New York City Municipal Water Finance Authority	5.790		06/15/41		1,258,884
	500,000		New York City Municipal Water Finance Authority	5.440		06/15/43		626,620
	600,000		New York State Dormitory Authority	5.289		03/15/33		711,402
	130,000		New York State Dormitory Authority	5.628		03/15/39		160,259
	400,000		New York State Urban Development Corp	5.838		03/15/40		502,608
	100,000		Ohio State University	4.910		06/01/40		118,126
	250,000		Oregon School Boards Association	5.680		06/30/28		299,098
	100,000		Oregon State Department of Transportation	5.834		11/15/34		131,099
	200,000		Port Authority of New York & New Jersey	6.040		12/01/29		252,706
	100,000		Salt River Project Agricultural Improvement & Power District	4.839		01/01/41		119,689
	800,000		Santa Clara Valley Transportation Authority	5.876		04/01/32		978,208
	300,000		State of California	5.750		03/01/17		344,106
	100,000		State of California	6.200		10/01/19		121,887
	100,000		State of California	5.700		11/01/21		119,154
	100,000	i	State of California	5.650		04/01/39		101,207
	285,000		State of California	7.550		04/01/39		410,913
	2,900,000		State of California	7.300		10/01/39		4,018,530
	1,740,000		State of California	7.625		03/01/40		2,513,778
	300,000		State of Connecticut	5.090		10/01/30		344,691
	250,000		State of Connecticut	5.850		03/15/32		317,220
	100,000		State of Illinois	4.511		03/01/15		106,281
	400,000		State of Illinois	4.961		03/01/16		438,124
	2,200,000		State of Illinois	5.100		06/01/33		2,176,152
	1,295,000		State of Illinois	6.725		04/01/35		1,482,127
	300,000		State of Oregon	5.762		06/01/23		374,250
	600,000		State of Texas	4.631		04/01/33		692,202
	50,000		State of Texas	5.517		04/01/39		65,118
	1,000,000		State of Texas	4.681		04/01/40		1,171,540
	100,000		State of Utah	3.539		07/01/25		107,376
	200,000		State of Washington	5.090		08/01/33		237,536
	200,000		State Public School Building Authority	5.000		09/15/27		233,158
	2,000,000		Tennessee Valley Authority	4.500		04/01/18		2,358,324
	750,000		Tennessee Valley Authority	3.875		02/15/21		870,339
	500,000		Tennessee Valley Authority	5.880		04/01/36		694,712
	500,000		Tennessee Valley Authority	5.500		06/15/38		678,498
	300,000		Tennessee Valley Authority	3.500		12/15/42		298,123
	1,000,000		Tennessee Valley Authority	4.625		09/15/60		1,197,706
	200,000		University of California	5.770		05/15/43		246,662
	100,000		University of Pennsylvania	4.674		09/01/12		111,622

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	200,000	University of Southern California	5.250	%	10/01/11	$	256,276
	700,000	University of Texas	4.794		08/15/46		829,493
	150,000	Virginia Commonwealth Transportation Board	5.350		05/15/35		182,235

		TOTAL MUNICIPAL BONDS					37,820,918


U.S. TREASURY SECURITIES - 36.3%
	278,400	United States Treasury Bond	7.500		11/15/16		352,829
	160,000	United States Treasury Bond	8.750		05/15/17		216,350
	139,200	United States Treasury Bond	8.875		08/15/17		191,443
	1,681,000	United States Treasury Bond	9.000		11/15/18		2,464,766
	151,300	United States Treasury Bond	8.125		08/15/19		220,224
	375,700	United States Treasury Bond	7.875		02/15/21		565,428
	125,000	United States Treasury Bond	8.125		05/15/21		191,836
	122,000	United States Treasury Bond	8.125		08/15/21		188,519
	13,379,100	United States Treasury Bond	8.000		11/15/21		20,659,217
	1,500,000	United States Treasury Bond	6.375		08/15/27		2,272,734
	16,000,000	United States Treasury Bond	5.250		11/15/28		22,104,992
	26,060,000	United States Treasury Bond	5.250		02/15/29		36,089,035
	24,429,000	United States Treasury Bond	5.375		02/15/31		34,872,398
	4,644,000	United States Treasury Bond	4.375		02/15/38		6,025,590
	6,983,000	United States Treasury Bond	3.500		02/15/39		7,894,065
	241,000	United States Treasury Bond	4.500		08/15/39		319,363
	850,000	United States Treasury Bond	4.375		11/15/39		1,105,797
	915,000	United States Treasury Bond	4.625		02/15/40		1,236,251
	3,380,000	United States Treasury Bond	4.375		05/15/40		4,399,810
	12,585,000	United States Treasury Bond	3.875		08/15/40		15,125,597
	11,185,000	United States Treasury Bond	4.250		11/15/40		14,281,847
	5,075,000	United States Treasury Bond	4.750		02/15/41		6,996,365
	26,350,000	United States Treasury Bond	4.375		05/15/41		34,329,096
	10,000,000	United States Treasury Bond	3.750		08/15/41		11,753,120
	2,300,000	United States Treasury Bond	3.125		11/15/41		2,407,454
	4,550,000	United States Treasury Bond	3.125		02/15/42		4,757,594
	7,500,000	United States Treasury Bond	3.000		05/15/42		7,640,625
	10,000,000	United States Treasury Bond	2.750		08/15/42		9,656,250
	5,000,000	United States Treasury Bond	2.750		11/15/42		4,817,190
	196,000	United States Treasury Note	3.125		09/30/13		200,280
	13,700,000	United States Treasury Note	0.250		10/31/13		13,708,563
	1,000,000	United States Treasury Note	0.250		11/30/13		1,000,586
	8,284,000	United States Treasury Note	2.000		11/30/13		8,420,554
	683,000	United States Treasury Note	1.500		12/31/13		691,884
	37,000,000	United States Treasury Note	0.250		01/31/14		37,023,125
	49,000,000	United States Treasury Note	0.250		02/28/14		49,026,803
	36,150,000	United States Treasury Note	1.250		03/15/14		36,599,055
	10,000,000	United States Treasury Note	0.250		03/31/14		10,004,690
	18,000,000	United States Treasury Note	0.250		04/30/14		18,007,740
	4,693,000	United States Treasury Note	1.875		04/30/14		4,795,842
	750,000	United States Treasury Note	4.750		05/15/14		796,289
	15,000,000	United States Treasury Note	0.250		05/31/14		15,007,035
	11,198,000	United States Treasury Note	2.250		05/31/14		11,516,449
	15,000,000	United States Treasury Note	0.250		06/30/14		15,005,865
	6,784,000	United States Treasury Note	2.625		06/30/14		7,026,209
	2,000,000	United States Treasury Note	0.125		07/31/14		1,996,640

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	185,000	United States Treasury Note	2.625	%	07/31/14	$	191,959
	117,000	United States Treasury Note	4.250		08/15/14		124,578
	10,000,000	United States Treasury Note	0.250		08/31/14		10,002,730
	5,583,000	United States Treasury Note	2.375		08/31/14		5,780,588
	14,000,000	United States Treasury Note	0.250		09/15/14		14,003,276
	4,910,000	United States Treasury Note	2.375		09/30/14		5,092,205
	87,000,000	United States Treasury Note	0.250		10/31/14		87,020,358
	9,860,000	United States Treasury Note	2.375		10/31/14		10,239,768
	16,000,000	United States Treasury Note	0.375		11/15/14		16,037,504
	1,280,000	United States Treasury Note	2.125		11/30/14		1,325,400
	9,000,000	United States Treasury Note	0.250		12/15/14		9,000,000
	6,310,000	United States Treasury Note	2.250		01/31/15		6,568,319
	5,000,000	United States Treasury Note	0.375		03/15/15		5,010,155
	100	United States Treasury Note	2.500		03/31/15		105
	7,170,000	United States Treasury Note	2.500		04/30/15		7,535,225
	1,240,000	United States Treasury Note	2.125		05/31/15		1,293,765
	20,000,000	United States Treasury Note	0.375		06/15/15		20,031,240
	3,120,000	United States Treasury Note	1.875		06/30/15		3,240,900
	6,895,000	United States Treasury Note	1.750		07/31/15		7,147,095
	19,000,000	United States Treasury Note	0.250		08/15/15		18,965,857
	1,775,000	United States Treasury Note	4.250		08/15/15		1,955,690
	11,340,000	United States Treasury Note	1.250		08/31/15		11,615,528
	2,500,000	United States Treasury Note	0.250		09/15/15		2,494,530
	18,805,000	United States Treasury Note	1.250		09/30/15		19,275,125
	35,000,000	United States Treasury Note	0.250		10/15/15		34,920,690
	27,300,000	United States Treasury Note	1.250		10/31/15		27,993,174
	20,000,000	United States Treasury Note	0.375		11/15/15		20,018,760
	23,550,000	United States Treasury Note	1.375		11/30/15		24,241,781
	5,000,000	United States Treasury Note	2.125		12/31/15		5,261,330
	5,400,000	United States Treasury Note	2.000		01/31/16		5,667,046
	10,650,000	United States Treasury Note	2.125		02/29/16		11,229,924
	250,000	United States Treasury Note	2.625		02/29/16		267,520
	9,000,000	United States Treasury Note	2.250		03/31/16		9,536,481
	14,000,000	United States Treasury Note	2.000		04/30/16		14,729,526
	164,000	United States Treasury Note	5.125		05/15/16		189,625
	11,250,000	United States Treasury Note	1.750		05/31/16		11,751,851
	5,000,000	United States Treasury Note	1.500		06/30/16		5,182,810
	10,750,000	United States Treasury Note	1.500		07/31/16		11,146,406
	970,000	United States Treasury Note	3.250		07/31/16		1,065,939
	14,000,000	United States Treasury Note	1.000		08/31/16		14,266,868
	14,200,000	United States Treasury Note	1.000		09/30/16		14,470,680
	23,050,000	United States Treasury Note	1.000		10/31/16		23,489,379
	173,000	United States Treasury Note	4.625		11/15/16		200,194
	15,250,000	United States Treasury Note	0.875		11/30/16		15,465,650
	4,000,000	United States Treasury Note	0.875		12/31/16		4,055,000
	50,300,000	United States Treasury Note	0.875		01/31/17		50,968,034
	16,250,000	United States Treasury Note	0.875		02/28/17		16,463,281
	220,000	United States Treasury Note	3.000		02/28/17		242,000
	21,300,000	United States Treasury Note	1.000		03/31/17		21,681,078
	16,500,000	United States Treasury Note	0.875		04/30/17		16,702,389
	30,400,000	United States Treasury Note	0.625		05/31/17		30,447,485
	11,000,000	United States Treasury Note	0.750		06/30/17		11,065,318

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

$	20,200,000	United States Treasury Note	0.500	%	07/31/17	$	20,078,477
	17,300,000	United States Treasury Note	0.625		08/31/17		17,283,773
	16,000,000	United States Treasury Note	0.625		09/30/17		15,971,248
	61,750,000	United States Treasury Note	0.750		10/31/17		61,952,602
	8,414,000	United States Treasury Note	4.250		11/15/17		9,852,272
	20,500,000	United States Treasury Note	0.625		11/30/17		20,431,141
	31,000,000	United States Treasury Note	0.750		12/31/17		31,050,871
	8,044,000	United States Treasury Note	2.750		12/31/17		8,850,910
	8,127,000	United States Treasury Note	2.625		01/31/18		8,893,986
	6,172,000	United States Treasury Note	2.625		04/30/18		6,764,129
	6,266,000	United States Treasury Note	3.875		05/15/18		7,281,775
	7,862,000	United States Treasury Note	2.375		05/31/18		8,517,990
	13,065,000	United States Treasury Note	2.250		07/31/18		14,072,429
	13,350,000	United States Treasury Note	1.500		08/31/18		13,822,470
	2,802,400	United States Treasury Note	2.750		02/15/19		3,103,002
	3,000,000	United States Treasury Note	1.000		06/30/19		2,991,093
	1,750,000	United States Treasury Note	1.000		08/31/19		1,739,747
	1,377,000	United States Treasury Note	3.625		02/15/20		1,608,939
	1,132,000	United States Treasury Note	3.500		05/15/20		1,314,270
	7,342,000	United States Treasury Note	2.625		08/15/20		8,062,434
	5,650,000	United States Treasury Note	2.625		11/15/20		6,200,875
	5,900,000	United States Treasury Note	3.625		02/15/21		6,925,585
	27,610,000	United States Treasury Note	2.125		08/15/21		29,025,012
	6,070,000	United States Treasury Note	2.000		11/15/21		6,299,998
	25,250,000	United States Treasury Note	1.625		11/15/22		24,973,816

		TOTAL U.S. TREASURY SECURITIES					1,487,704,357


		TOTAL GOVERNMENT BONDS					3,042,512,143

		(Cost $2,971,904,458)

STRUCTURED ASSETS - 2.1%

ASSET BACKED - 0.3%
	800,000	Ally Auto Receivables Trust	0.800		10/16/17		800,702
		Series - 2012 4 (Class A4)
	340,000	AmeriCredit Automobile Receivables Trust	5.190		08/17/15		354,082
		Series - 2010 1 (Class C)
	590,000	AmeriCredit Automobile Receivables Trust	3.340		04/08/16		612,592
		Series - 2010 3 (Class C)
	500,000	AmeriCredit Automobile Receivables Trust	2.670		01/08/18		514,229
		Series - 2012 1 (Class C)
	850,000	Capital One Multi-Asset Execution Trust	5.050		12/17/18		962,013
		Series - 2006 A3 (Class A3)
	500,000	Capital One Multi-Asset Execution Trust	5.750		07/15/20		608,018
		Series - 2007 A7 (Class A7)
	600,000	Centerpoint Energy Transistion	3.460		08/15/19		660,754
		Series - 0 1 (Class A2)
	600,000	CenterPoint Energy Transition Bond Co LLC	2.161		10/15/21		625,864
		Series - 2012 1 (Class A2)
	135,000	CitiBank Credit Card Issuance Trust	4.900		06/23/16		143,876
		Series - 2009 A4 (Class A4)
	750,000	CitiBank Credit Card Issuance Trust	5.650		09/20/19		908,424
		Series - 2007 A8 (Class A8)

100

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	310,000		CitiBank Credit Card Issuance Trust	5.350	%	02/07/20	$	374,139
			Series - 2008 A1 (Class A1)
	375,000		Detroit Edison Securitization Funding LLC	6.620		03/01/16		408,202
			Series - 2001 1 (Class A6)
	2,500,000		Discover Card Master Trust	5.650		03/16/20		3,025,283
			Series - 2007 A1 (Class A1)
	260,000		Ford Credit Auto Owner Trust	3.560		01/15/17		273,863
			Series - 2010 B (Class D)
	1,000,000		Nissan Auto Receivables Owner Trust	0.730		05/16/16		1,005,039
			Series - 2012 A (Class A3)
	400,000		Nissan Auto Receivables Owner Trust	1.000		07/16/18		404,322
			Series - 2012 A (Class A4)
	25,798	i	Residential Asset Securities Corp	6.489		10/25/30		25,144
			Series - 2001 KS2 (Class AI6)
	15,000	i	Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		14,924
			Series - 2006 HI1 (Class M2)
	1,600,000		Santander Drive Auto Receivables Trust	0.620		07/15/16		1,600,205
			Series - 2012 6 (Class A3)
	400,000		Santander Drive Auto Receivables Trust	0.830		12/15/16		402,101
			Series - 2012 5 (Class A3)
	200,000		Santander Drive Auto Receivables Trust	3.300		09/17/18		206,040
			Series - 2012 5 (Class D)
	15,000	g	Vornado DP LLC	4.004		09/13/28		16,945
			Series - 2010 VNO (Class A2FX)

			TOTAL ASSET BACKED					13,946,761


OTHER MORTGAGE BACKED - 1.8%
	1,000,000	i	Banc of America Commercial Mortgage, Inc	5.077		11/10/42		1,019,608
			Series - 2005 1 (Class A4)
	105,000	i	Banc of America Commercial Mortgage, Inc	5.889		07/10/44		119,961
			Series - 2006 3 (Class A4)
	450,000		Banc of America Commercial Mortgage, Inc	5.356		10/10/45		515,616
			Series - 2006 6 (Class A4)
	318,382		Banc of America Commercial Mortgage, Inc	5.379		09/10/47		334,584
			Series - 2006 5 (Class AAB)
	175,795		Banc of America Commercial Mortgage, Inc	5.449		01/15/49		180,396
			Series - 2007 1 (Class A3)
	125,000		Banc of America Merrill Lynch Commercial Mortgage, Inc	4.811		12/10/42		133,165
			Series - 2004 6 (Class A5)
	1,350,000	i	Banc of America Merrill Lynch Commercial Mortgage, Inc	5.190		09/10/47		1,503,972
			Series - 2005 6 (Class A4)
	475,000		Banc of America Merrill Lynch Commercial Mortgage, Inc	5.620		02/10/51		500,909
			Series - 2007 5 (Class A3)
	320,000		Bear Stearns Commercial Mortgage Securities	5.201		12/11/38		366,711
			Series - 2006 PW14 (Class A4)
	280,000	i	Bear Stearns Commercial Mortgage Securities	5.452		03/11/39		315,923
			Series - 2006 PW11 (Class A4)
	200,000	i	Bear Stearns Commercial Mortgage Securities	5.715		06/11/40		236,908
			Series - 2007 PW16 (Class A4)

101

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	355,000		Bear Stearns Commercial Mortgage Securities	4.674	%	06/11/41	$	384,747
			Series - 2005 PWR8 (Class A4)
	532,497	i	Bear Stearns Commercial Mortgage Securities	5.468		06/11/41		559,764
			Series - 2004 PWR4 (Class A3)
	825,000	i	Bear Stearns Commercial Mortgage Securities	5.582		09/11/41		921,565
			Series - 2006 PW13 (Class AM)
	495,000		Bear Stearns Commercial Mortgage Securities	5.537		10/12/41		570,099
			Series - 2006 T24 (Class A4)
	660,000	i	Bear Stearns Commercial Mortgage Securities	4.750		02/13/46		701,527
			Series - 2004 T16 (Class A6)
	1,000,000	i	Bear Stearns Commercial Mortgage Securities	5.694		06/11/50		1,181,724
			Series - 2007 PW17 (Class A4)
	198,981		Bear Stearns Commercial Mortgage Securities	5.736		06/11/50		207,050
			Series - 2007 PW17 (Class A3)
	550,000		Citigroup Commercial Mortgage Trust	4.733		10/15/41		581,819
			Series - 2004 C2 (Class A5)
	750,000	i	Citigroup Commercial Mortgage Trust	6.096		12/10/49		905,074
			Series - 2008 C7 (Class A4)
	106,202		Citigroup Commercial Mortgage Trust	5.205		12/11/49		107,718
			Series - 2007 CD4 (Class A2B)
	585,000		Citigroup, Inc	5.322		12/11/49		671,059
			Series - 2007 CD4 (Class A4)
	550,000	i	Citigroup/Deutsche Bank Commercial Mortgage Trust	5.219		07/15/44		580,278
			Series - 2005 CD1 (Class AJ)
	300,000	i	Commercial Mortgage Loan Trust	6.006		12/10/49		338,527
			Series - 2008 LS1 (Class ASM)
	525,000	i	Commercial Mortgage Pass Through Certificates	5.748		06/10/46		596,243
			Series - 2006 C7 (Class A4)
	255,000	i	Commercial Mortgage Pass Through Certificates	5.800		12/10/49		302,998
			Series - 2007 C9 (Class A4)
	302,000	i	Credit Suisse First Boston Mortgage Securities Corp	5.253		08/15/36		308,525
			Series - 2003 C4 (Class B)
	2,789,000		Credit Suisse First Boston Mortgage Securities Corp	4.829		11/15/37		2,983,650
			Series - 2004 C5 (Class A4)
	500,000	i	Credit Suisse Mortgage Capital Certificates	5.409		02/15/39		564,149
			Series - 0 C1 (Class A4)
	85,451		Credit Suisse Mortgage Capital Certificates	5.439		09/15/39		86,514
			Series - 2006 C4 (Class AAB)
	190,000		Credit Suisse Mortgage Capital Certificates	5.467		09/15/39		215,710
			Series - 2006 C4 (Class A3)
	2,100,000		Credit Suisse Mortgage Capital Certificates	5.509		09/15/39		2,270,822
			Series - 2006 C4 (Class AM)
	250,000	i	CS First Boston Mortgage Securities Corp	5.416		05/15/36		262,406
			Series - 2004 C2 (Class A2)
	178,655		CS First Boston Mortgage Securities Corp	3.936		05/15/38		179,193
			Series - 2003 C3 (Class A5)
	290,000		CS First Boston Mortgage Securities Corp	4.052		05/15/38		292,138
			Series - 2003 C3 (Class B)
	625,000	i	CS First Boston Mortgage Securities Corp	5.100		08/15/38		686,974
			Series - 2005 C5 (Class A4)
	220,000	i	CS First Boston Mortgage Securities Corp	5.100		08/15/38		234,554
			Series - 2005 C5 (Class AJ)

102

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	257,386	i	GE Capital Commercial Mortgage Corp	5.275	%	11/10/45	$	266,676
			Series - 2005 C4 (Class ASB)
	1,000,000	i	GE Capital Commercial Mortgage Corp	5.307		11/10/45		1,118,365
			Series - 2005 C4 (Class A4)
	326,127		GMAC Commercial Mortgage Securities, Inc	5.023		04/10/40		333,689
			Series - 2003 C3 (Class A4)
	176,668	i	Greenwich Capital Commercial Funding Corp	5.317		06/10/36		184,124
			Series - 0 GG1 (Class A7)
	1,835,000	i	Greenwich Capital Commercial Funding Corp	5.224		04/10/37		2,027,460
			Series - 2005 GG5 (Class A5)
	600,000	i	Greenwich Capital Commercial Funding Corp	5.277		04/10/37		649,558
			Series - 2005 GG5 (Class AM)
	725,000	i	Greenwich Capital Commercial Funding Corp	5.867		07/10/38		832,597
			Series - 2006 GG7 (Class A4)
	550,000		Greenwich Capital Commercial Funding Corp	5.444		03/10/39		633,447
			Series - 2007 GG9 (Class A4)
	610,000		Greenwich Capital Commercial Funding Corp	5.475		03/10/39		664,076
			Series - 2007 GG9 (Class AM)
	1,000,000		Greenwich Capital Commercial Funding Corp	5.736		12/10/49		1,178,804
			Series - 2007 GG11 (Class A4)
	1,825,000	i	GS Mortgage Securities Corp II	5.553		04/10/38		2,054,658
			Series - 2006 GG6 (Class A4)
	740,000	i	GS Mortgage Securities Corp II	5.622		04/10/38		815,661
			Series - 2006 GG6 (Class AM)
	446,511		GS Mortgage Securities Corp II	5.535		11/10/39		463,108
			Series - 2006 GG8 (Class AAB)
	1,350,000		GS Mortgage Securities Corp II	5.560		11/10/39		1,557,143
			Series - 2006 GG8 (Class A4)
	90,000	g	JP Morgan Chase Commercial Mortgage Securities Corp	5.633		12/05/27		107,609
			Series - 2009 IWST (Class A2)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.115		07/15/41		527,883
			Series - 2004 LN2 (Class A2)
	1,125,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.429		12/12/43		1,283,825
			Series - 2006 CB17 (Class A4)
	1,000,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.200		12/15/44		1,114,570
			Series - 2005 LDP5 (Class A4)
	200,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.871		04/15/45		223,650
			Series - 2006 LDP7 (Class AM)
	2,315,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.447		05/15/45		2,405,262
			Series - 2006 LDP8 (Class A3B)
	300,000		JP Morgan Chase Commercial Mortgage Securities Corp	3.483		06/15/45		326,886
			Series - 2012 CBX (Class A4)
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp	4.171		08/15/46		569,440
			Series - 2011 C5 (Class A3)
	557,948		JP Morgan Chase Commercial Mortgage Securities Corp	5.134		05/15/47		588,242
			Series - 2006 LDP9 (Class A2)
	1,480,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.336		05/15/47		1,693,095
			Series - 2006 LDP9 (Class A3)
	950,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		06/12/47		1,093,406
			Series - 2007 CB18 (Class A4)
	450,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.812		06/15/49		482,726
			Series - 2007 LD11 (Class A3)

103

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	360,000	i	JP Morgan Chase Commercial Mortgage Securities Corp	5.812	%	06/15/49	$	419,814
			Series - 2007 LD11 (Class A4)
	400,000	i	LB-UBS Commercial Mortgage Trust	5.020		08/15/29		421,215
			Series - 2004 C6 (Class A6)
	545,000		LB-UBS Commercial Mortgage Trust	4.742		02/15/30		582,614
			Series - 2005 C1 (Class A4)
	415,000	i	LB-UBS Commercial Mortgage Trust	5.150		04/15/30		454,092
			Series - 2005 C2 (Class A5)
	380,000		LB-UBS Commercial Mortgage Trust	5.156		02/15/31		424,243
			Series - 2006 C1 (Class A4)
	125,000		LB-UBS Commercial Mortgage Trust	5.372		09/15/39		143,716
			Series - 2006 C6 (Class A4)
	1,405,000		LB-UBS Commercial Mortgage Trust	5.424		02/15/40		1,631,050
			Series - 2007 C1 (Class A4)
	970,000		LB-UBS Commercial Mortgage Trust	5.430		02/15/40		1,113,239
			Series - 2007 C2 (Class A3)
	400,000		LB-UBS Commercial Mortgage Trust	5.455		02/15/40		449,502
			Series - 2007 C1 (Class AM)
	875,000		LB-UBS Commercial Mortgage Trust	4.843		07/15/40		912,151
			Series - 2005 C3 (Class AJ)
	400,000	i	LB-UBS Commercial Mortgage Trust	5.866		09/15/45		476,891
			Series - 2007 C7 (Class A3)
	345,612	i	Merrill Lynch	5.382		07/12/46		356,392
			Series - 2006 3 (Class ASB)
	425,000	i	Merrill Lynch	5.485		07/12/46		386,019
			Series - 2006 3 (Class AJ)
	225,000	i	Merrill Lynch Mortgage Trust	5.263		11/12/37		235,996
			Series - 2005 CKI1 (Class AJ)
	150,000	i	Merrill Lynch Mortgage Trust	5.263		11/12/37		166,722
			Series - 2005 CKI1 (Class A6)
	290,000	i	Merrill Lynch Mortgage Trust	5.107		07/12/38		316,305
			Series - 2005 CIP1 (Class AM)
	158,680	i	Merrill Lynch Mortgage Trust	5.639		05/12/39		159,483
			Series - 2006 C1 (Class A2)
	235,000	i	Merrill Lynch Mortgage Trust	5.684		05/12/39		269,574
			Series - 2006 C1 (Class A4)
	450,000	i	Merrill Lynch Mortgage Trust	5.849		06/12/50		478,521
			Series - 2007 C1 (Class A3)
	475,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.482		02/12/39		535,382
			Series - 2006 1 (Class A4)
	440,000	i	Merrill Lynch/Countrywide Commercial Mortgage Trust	5.949		08/12/49		460,079
			Series - 2007 8 (Class AM)
	150,000	i	Morgan Stanley Capital I	5.283		04/15/38		153,340
			Series - 2003 IQ5 (Class C)
	375,000		Morgan Stanley Capital I	4.970		04/14/40		394,807
			Series - 2004 HQ4 (Class A7)
	505,000	i	Morgan Stanley Capital I	5.270		06/13/41		533,476
			Series - 2004 T15 (Class A4)
	1,255,000		Morgan Stanley Capital I	5.168		01/14/42		1,345,680
			Series - 2005 HQ5 (Class A4)
	590,000		Morgan Stanley Capital I	5.364		03/15/44		680,334
			Series - 2007 IQ13 (Class A4)

104

TIAA-CREF FUNDS - Bond Index Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	225,000	i	Morgan Stanley Capital I	5.731	%	07/12/44	$	258,056
			Series - 2006 HQ9 (Class A4)
	750,000		Morgan Stanley Capital I	3.244		03/15/45		803,281
			Series - 2012 C4 (Class A4)
	1,550,000	i	Morgan Stanley Capital I	5.692		04/15/49		1,799,823
			Series - 2007 IQ14 (Class A4)
	205,000	i	Morgan Stanley Capital I	5.544		11/12/49		223,373
			Series - 2007 T25 (Class AM)
	1,750,000		Morgan Stanley Capital I	5.809		12/12/49		2,078,422
			Series - 2007 IQ16 (Class A4)
	245,000		Morgan Stanley Capital I	4.770		07/15/56		255,332
			Series - 0 IQ9 (Class AJ)
	750,000		Morgan Stanley Capital I Trust 2007-HQ13	5.569		12/15/44		847,350
			Series - 2007 HQ13 (Class A3)
	500,000	i	TIAA Seasoned Commercial Mortgage Trust	5.565		08/15/39		545,054
			Series - 2007 C4 (Class AJ)
	100,000		UBS Commercial Mortgage Trust	4.822		05/10/45		111,035
			Series - 2012 C1 (Class B)
	400,000		UBS-Citigroup Commercial Mortgage Trust	3.595		01/10/45		438,437
			Series - 2011 C1 (Class A3)
	100,000		Wachovia Bank Commercial Mortgage Trust	5.342		12/15/43		114,574
			Series - 2007 C30 (Class A5)
	1,000,000	i	Wachovia Bank Commercial Mortgage Trust	5.293		12/15/44		1,115,115
			Series - 2005 C22 (Class A4)
	730,228	i	Wachovia Bank Commercial Mortgage Trust	5.343		12/15/44		805,634
			Series - 2005 C22 (Class AM)
	109,254		Wachovia Bank Commercial Mortgage Trust	5.576		03/15/45		111,441
			Series - 2006 C24 (Class APB)
	750,000		Wachovia Bank Commercial Mortgage Trust	5.678		05/15/46		880,204
			Series - 2007 C34 (Class A3)
	300,000	i	Wachovia Bank Commercial Mortgage Trust	5.603		10/15/48		328,582
			Series - 2006 C28 (Class AM)
	200,000	i	Wachovia Bank Commercial Mortgage Trust	5.921		02/15/51		232,715
			Series - 2007 C33 (Class A5)
	1,225,000	i	Wachovia Bank Commercial Mortgage Trust	5.921		02/15/51		1,437,196
			Series - 2007 C33 (Class A4)
	1,250,000		WFRBS Commercial Mortgage Trust 2011-C5	2.684		11/15/44		1,324,048
			Series - 2011 C5 (Class A2)
	400,000		WFRBS Commercial Mortgage Trust 2012-C8	3.001		08/15/45		417,802
			Series - 2012 C8 (Class A3)

			TOTAL OTHER MORTGAGE BACKED					72,746,651


			TOTAL STRUCTURED ASSETS					86,693,412

			(Cost $83,022,676)

			TOTAL BONDS					4,062,880,741

			(Cost $3,940,359,917)

105

TIAA-CREF FUNDS - Bond Index Fund

SHARES

COMPANY

RATE

MATURITY
DATE

VALUE

PREFERRED STOCKS - 0.0%

INSURANCE - 0.0%

8,000

Prudential Financial, Inc

5.750

12/15/52

204,000

TOTAL INSURANCE

204,000

TOTAL PREFERRED STOCKS

204,000

(Cost $200,000)

PRINCIPAL

ISSUER

SHORT-TERM INVESTMENTS - 1.7%

GOVERNMENT AGENCY DEBT - 0.1%

6,000,000

Federal Home Loan Bank (FHLB)

0.040

02/13/13

5,999,713

TOTAL GOVERNMENT AGENCY DEBT

5,999,713

TREASURY DEBT - 1.6%

30,000,000

United States Treasury Bill

0.020

01/03/13

29,999,967

25,000,000

United States Treasury Bill

0.030

01/24/13

24,999,521

6,000,000

United States Treasury Bill

0.090

05/16/13

5,997,936

TOTAL TREASURY DEBT

60,997,424

TOTAL SHORT-TERM INVESTMENTS

66,997,137

(Cost $66,997,176)

TOTAL INVESTMENTS - 101.0%

4,130,081,878

(Cost $4,007,557,093)

OTHER ASSETS & LIABILITIES, NET - (1.0)%

(39,860,124)

NET ASSETS - 100.0%

4,090,221,754

Abbreviation(s):

REIT

Real Estate Investment Trust

All or a portion of these securities were purchased on a delayed delivery basis.

Floating or variable rate security. Coupon reflects the rate at period end.

Zero coupon.

Indicates a security that has been deemed illiquid.

106

TIAA-CREF FUNDS - Bond Plus Fund

TIAA-CREF FUNDS
BOND PLUS FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BANK LOAN OBLIGATIONS - 4.9%

AUTOMOBILES & COMPONENTS - 0.4%
$	2,353,190	i	Allison Transmission Holdings, Inc	4.250	%	08/23/19	$	2,370,462
	1,902,769	i	Delphi Automotive LLP	3.500		03/31/17		1,910,704

			TOTAL AUTOMOBILES & COMPONENTS					4,281,166


CAPITAL GOODS - 0.6%
	798,000	i	FMG Resources August 2006 Pty Ltd	5.250		10/18/17		803,985
	1,496,250	i	Generac Power Systems, Inc	6.250		05/30/18		1,527,417
	986,486	i	Huntington Ingalls Industries, Inc	2.750		03/30/16		986,486
	975,000	i	Sequa Corp	5.250		05/19/17		980,177
	150,000	h,i	Silver II Borrower Sarl	5.000		12/13/19		151,313
	1,964,925	i	TransDigm, Inc	4.000		02/14/17		1,974,081
	997,485	i	TransDigm, Inc	4.000		02/14/17		1,003,720

			TOTAL CAPITAL GOODS					7,427,179


CONSUMER SERVICES - 0.4%
	1,409,558	i	Burger King Corp	3.750		09/27/19		1,414,139
	2,222,983	i	DineEquity, Inc	4.250		10/19/17		2,238,967
	600,000	h,i	MGM Resorts International	4.250		12/20/19		605,850
	389,018	i	Penn National Gaming, Inc	3.750		07/16/18		389,870
	1,290,765	i	Wendy’s International, Inc	4.750		05/15/19		1,303,272

			TOTAL CONSUMER SERVICES					5,952,098


DIVERSIFIED FINANCIALS - 0.6%
	299,250	i	Fox Acquisition Sub LLC	5.500		07/14/17		302,991
	2,202,648	i	Pinafore LLC	4.250		09/29/16		2,213,199
	3,000,000	i	Schaeffler Finance BV	6.000		01/27/17		3,022,920
	1,943,947	i	TransUnion LLC	5.500		02/10/18		1,969,860

			TOTAL DIVERSIFIED FINANCIALS					7,508,970


ENERGY - 0.2%
	2,986,139	i	Arch Coal, Inc	5.750		05/16/18		3,012,745

			TOTAL ENERGY					3,012,745


FOOD, BEVERAGE & TOBACCO - 0.3%
	3,355,657	i	Del Monte Foods Co	4.500		03/08/18		3,357,772

			TOTAL FOOD, BEVERAGE & TOBACCO					3,357,772


HEALTH CARE EQUIPMENT & SERVICES - 1.0%
	2,985,000	i	Bausch & Lomb, Inc	5.250		05/17/19		3,006,313
	2,666,839	i	Capsugel Holdings US, Inc	4.750		08/01/18		2,692,681
	2,152,295	i	Fresenius US Finance I, Inc, Term Loan D1	3.500		09/10/14		2,150,509
	773,858	i	Fresenius US Finance I, Inc, Term Loan D2	3.500		09/10/14		773,216
	3,000,000	i	HCA, Inc	3.482		05/01/18		3,006,240

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					11,628,959

107

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

INSURANCE - 0.1%
$	1,225,000	h,i	Compass Investors, Inc	5.250	%	11/29/19	$	1,220,921

			TOTAL INSURANCE					1,220,921


MATERIALS - 0.2%
	2,210,893	i	Ashland, Inc	3.750		08/23/18		2,233,002

			TOTAL MATERIALS					2,233,002


MEDIA - 0.3%
	997,436	i	CSC Holdings LLC	1.966		03/29/16		1,000,997
	1,546,990	i	CSC Holdings LLC	1.995		03/29/16		1,553,998
	1,492,500	i	MTL Publishing LLC	5.500		06/29/18		1,509,291

			TOTAL MEDIA					4,064,286


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.2%
	1,731,515	i	NBTY, Inc	4.250		10/01/17		1,746,873

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					1,746,873


RETAILING - 0.2%
	1,987,519	i	Academy Ltd	4.750		08/03/18		1,997,814

			TOTAL RETAILING					1,997,814


SOFTWARE & SERVICES - 0.3%
	972,537	i,m	IMS Health, Inc	4.500		08/26/17		979,218
	1,492,509	i	Lawson Software, Inc	5.250		04/05/18		1,504,763
	800,000	h,i	RP Crown Parent LLCRP Crown Parent LLC	6.750		12/14/18		799,000

			TOTAL SOFTWARE & SERVICES					3,282,981


TELECOMMUNICATION SERVICES - 0.1%
	997,494	i	Windstream Corp	4.000		08/08/19		1,003,110

			TOTAL TELECOMMUNICATION SERVICES					1,003,110


UTILITIES - 0.0%
	249,375	i	Calpine Corp	4.500		10/09/19		251,390

			TOTAL UTILITIES					251,390


			TOTAL BANK LOAN OBLIGATIONS					58,969,266

			(Cost $58,466,518)

BONDS - 92%

CORPORATE BONDS - 44.4%

AUTOMOBILES & COMPONENTS - 0.2%
	1,000,000		DaimlerChrysler Group LLC	8.000		06/15/19		1,090,000
	1,000,000		Delphi Corp	5.875		05/15/19		1,072,500
	500,000		Ford Motor Co	7.450		07/16/31		635,000

			TOTAL AUTOMOBILES & COMPONENTS					2,797,500

108

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BANKS - 6.7%
$	545,000	g	Abbey National Treasury Services plc	3.875	%	11/10/14	$	565,496
	750,000	g	Akbank TAS	5.000		10/24/22		791,918
	750,000	g	Alfa Bond Issuance plc for OJSC Alfa Bank	7.750		04/28/21		830,625
	2,000,000	g	Australia & New Zealand Banking Group Ltd	2.400		11/23/16		2,103,600
	575,000	g	Banco Davivienda S.A.	5.875		07/09/22		598,000
	750,000		Banco de Oro Unibank, Inc	3.875		04/22/16		760,446
	750,000	g	Banco del Estado de Chile	2.000		11/09/17		748,751
	285,000		Banco do Brasil S.A.	3.875		10/10/22		287,137
	600,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand	4.125		11/09/22		610,500
	865,000		Bancolombia S.A.	5.950		06/03/21		999,075
	725,000		Bancolombia S.A.	5.125		09/11/22		754,000
	590,000	g	Bank Nederlandse Gemeenten	1.375		09/27/17		592,773
	6,450,000	g	Bank of Montreal	2.625		01/25/16		6,837,645
	1,450,000	g	Bank of Nova Scotia	1.450		07/26/13		1,458,990
	1,500,000	g	Bank of Nova Scotia	1.650		10/29/15		1,543,650
	4,800,000	g	Bank of Nova Scotia	2.150		08/03/16		5,039,520
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.350		02/23/17		1,040,274
	480,000	g	BBVA Banco Continental S.A.	5.000		08/26/22		512,400
	1,000,000	g	Caixa Economica Federal	2.375		11/06/17		992,500
	3,000,000	g	Canadian Imperial Bank of Commerce	2.000		02/04/13		3,004,200
	1,750,000	g	Canadian Imperial Bank of Commerce	2.750		01/27/16		1,862,000
	350,000		Capital One Capital V	8.875		05/15/40		350,000
	1,000,000		Citigroup, Inc	2.250		08/07/15		1,024,128
	416,000		Citigroup, Inc	6.000		12/13/13		435,911
	285,000		Citigroup, Inc	5.000		09/15/14		299,845
	8,210,000		Citigroup, Inc	4.450		01/10/17		9,095,038
	93,000		Citigroup, Inc	6.125		05/15/18		111,452
	4,250,000		Citigroup, Inc	4.500		01/14/22		4,741,742
	300,000		Citigroup, Inc	5.875		01/30/42		370,243
	2,700,000	g	Depfa ACS Bank	5.125		03/16/37		2,107,874
	250,000		Deutsche Bank AG	3.875		08/18/14		262,422
	345,000		Discover Bank	7.000		04/15/20		428,385
	1,000,000	g	HSBC Bank plc	3.100		05/24/16		1,057,270
	500,000	g	HSBC Bank plc	4.125		08/12/20		556,480
	275,000	g,i	HSBC Capital Funding LP	4.610		12/30/49		274,478
	1,150,000		HSBC USA, Inc	2.375		02/13/15		1,182,920
	1,000,000		HSBC USA, Inc	1.625		01/16/18		1,000,908
	1,025,000	g	ICICI Bank Ltd	4.750		11/25/16		1,074,433
	1,000,000	g	Itau Unibanco Holding S.A.	5.125		05/13/23		1,023,750
	335,000		JPMorgan Chase & Co	5.125		09/15/14		356,287
	2,948,000		JPMorgan Chase & Co	3.150		07/05/16		3,123,259
	1,875,000		JPMorgan Chase & Co	3.250		09/23/22		1,930,839
	475,000		JPMorgan Chase & Co	5.500		10/15/40		580,666
	750,000		JPMorgan Chase & Co	5.400		01/06/42		903,828
	1,000,000	i	Malayan Banking Bhd	3.250		09/20/22		997,314
	250,000	i	Manufacturers & Traders Trust Co	5.629		12/01/21		257,238
	1,150,000	g	PKO Finance AB	4.630		09/26/22		1,210,375
	750,000	i	PNC Financial Services Group, Inc	2.854		11/09/22		754,367
	700,000	g,i	Rabobank Nederland NV	11.000		12/30/49		946,750
	750,000	g	State Bank of India	4.125		08/01/17		772,350

109

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	125,000	g	Sumitomo Mitsui Banking Corp	3.150	%	07/22/15	$	131,656
	425,000		Toronto-Dominion Bank	2.500		07/14/16		447,120
	2,000,000	g	Toronto-Dominion Bank	1.625		09/14/16		2,062,600
	1,000,000	g	Turkiye Halk Bankasi AS.	4.875		07/19/17		1,065,000
	925,000	g	Turkiye Is Bankasi	6.000		10/24/22		974,719
	500,000		Union Bank NA	2.125		06/16/17		514,152
	100,000		Union Bank of California NA	5.950		05/11/16		113,904
	400,000		UnionBanCal Corp	3.500		06/18/22		421,895
	1,000,000		US Bancorp	1.650		05/15/17		1,018,900
	475,000		US Bancorp	2.950		07/15/22		479,857
	350,000		Wachovia Bank NA	5.850		02/01/37		434,249
	500,000		Wells Fargo & Co	1.500		07/01/15		508,615
	650,000		Wells Fargo & Co	2.100		05/08/17		672,017
	1,250,000		Wells Fargo & Co	1.500		01/16/18		1,252,050
	1,150,000		Wells Fargo & Co	3.500		03/08/22		1,226,650

			TOTAL BANKS					80,487,436


CAPITAL GOODS - 2.1%
	155,000		Access Midstream Partners LP	4.875		05/15/23		157,325
	250,000		Alliant Techsystems, Inc	6.875		09/15/20		274,687
	800,000	g	Alpek S.A. de C.V.	4.500		11/20/22		834,000
	825,000	g,o	Alphabet Holding Co, Inc	7.750		11/01/17		849,750
	225,000		Anixter, Inc	5.625		05/01/19		236,813
	2,000,000		Caterpillar Financial Services Corp	0.700		11/06/15		1,994,892
	700,000		Caterpillar Financial Services Corp	1.250		11/06/17		699,473
	1,200,000		Caterpillar, Inc	1.375		05/27/14		1,214,612
	950,000		Caterpillar, Inc	1.500		06/26/17		962,146
	540,000	g	Cemex Finance LLC	9.375		10/12/22		607,500
	500,000		Chesapeake Midstream Partners LP	6.125		07/15/22		538,750
	1,600,000		Danaher Corp	1.300		06/23/14		1,617,547
	650,000		Deere & Co	2.600		06/08/22		658,191
	840,000	g,o	EPE Holdings LLC	8.125		12/15/17		832,650
	800,000		General Dynamics Corp	3.600		11/15/42		769,600
	500,000		Harsco Corp	5.125		09/15/13		511,850
	837,500		Huntington Ingalls Industries, Inc	6.875		03/15/18		910,781
	750,000	g	Hyva Global BV	8.625		03/24/16		712,500
	660,000	g	Rexel S.A.	6.125		12/15/19		693,000
	100,000	g	Schaeffler Finance BV	7.750		02/15/17		111,000
	600,000	g	Schaeffler Finance BV	8.500		02/15/19		678,000
	1,000,000	g	Schneider Electric S.A.	2.950		09/27/22		1,007,900
	500,000		Seagate HDD Cayman	7.750		12/15/18		549,375
	500,000		Seagate HDD Cayman	6.875		05/01/20		531,875
	1,420,000		Seagate HDD Cayman	7.000		11/01/21		1,522,950
	947,000	g	Sealed Air Corp	8.125		09/15/19		1,065,375
	947,000	g	Sealed Air Corp	8.375		09/15/21		1,081,947
	75,000	g	Silver II Borrower	7.750		12/15/20		77,625
	1,000,000		SPX Corp	6.875		09/01/17		1,115,000
	772,000		Tomkins LLC	9.000		10/01/18		864,640
	500,000		TransDigm, Inc	7.750		12/15/18		553,125
	575,000	g	Turlock Corp	1.500		11/02/17		576,175
	150,000	g	Turlock Corp	4.000		11/02/32		154,277
	875,000		United Technologies Corp	1.800		06/01/17		900,688

			TOTAL CAPITAL GOODS					25,866,019

110

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

COMMERCIAL & PROFESSIONAL SERVICES - 0.4%
$	475,000	g	ADT Corp	2.250	%	07/15/17	$	471,228
	1,225,000	g	Clean Harbors, Inc	5.125		06/01/21		1,267,875
	475,000		eBay, Inc	0.700		07/15/15		476,778
	725,000		eBay, Inc	1.350		07/15/17		733,443
	670,000		Republic Services, Inc	3.800		05/15/18		736,588
	375,000		Republic Services, Inc	6.200		03/01/40		470,618
	335,000		Waste Management, Inc	6.125		11/30/39		424,108

			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					4,580,638


CONSUMER DURABLES & APPAREL - 0.2%
	275,000		DR Horton, Inc	4.750		05/15/17		292,188
	500,000		Hanesbrands, Inc	6.375		12/15/20		550,000
	500,000		Phillips-Van Heusen Corp	7.375		05/15/20		560,625
	265,000		PVH Corp	4.500		12/15/22		267,650
	1,100,000		Whirlpool Corp	8.600		05/01/14		1,204,546

			TOTAL CONSUMER DURABLES & APPAREL					2,875,009


CONSUMER SERVICES - 0.6%
	795,000		Ameristar Casinos, Inc	7.500		04/15/21		861,581
	500,000		DineEquity, Inc	9.500		10/30/18		568,125
	585,000		Marina District Finance Co, Inc	9.500		10/15/15		567,450
	500,000	g	MGM Resorts International	6.750		10/01/20		510,625
	1,445,000	g	Six Flags Entertainment Corp	5.250		01/15/21		1,445,000
	1,000,000		Speedway Motorsports, Inc	6.750		02/01/19		1,060,000
	310,000	g	Transnet Ltd	4.500		02/10/16		329,576
	665,000	g	Transnet SOC Ltd	4.000		07/26/22		669,156
	1,000,000		Walt Disney Co	1.125		02/15/17		1,000,760

			TOTAL CONSUMER SERVICES					7,012,273


DIVERSIFIED FINANCIALS - 6.6%
	335,000		Abbey National Treasury Services plc	4.000		04/27/16		354,221
	700,000	g	Ajecorp BV	6.500		05/14/22		756,000
	600,000		American Express Centurion Bank	0.875		11/13/15		599,559
	875,000		American Express Centurion Bank	6.000		09/13/17		1,057,858
	1,000,000		American Express Credit Corp	5.875		05/02/13		1,018,056
	1,375,000		American Express Credit Corp	1.750		06/12/15		1,403,798
	250,000		American Express Credit Corp	2.800		09/19/16		264,511
	750,000	g	Bangkok Bank PCL	2.750		03/27/18		758,539
	235,000		Bank of America Corp	4.875		01/15/13		235,315
	25,000		Bank of America Corp	4.900		05/01/13		25,341
	2,125,000		Bank of America Corp	1.500		10/09/15		2,135,865
	3,475,000		Bank of America Corp	3.750		07/12/16		3,714,521
	650,000		Bank of America Corp	5.300		03/15/17		731,061
	25,000		Bank of America Corp	6.000		09/01/17		29,275
	350,000		Bank of America Corp	5.750		12/01/17		407,958
	625,000		Bank of America Corp	5.700		01/24/22		751,593
	1,100,000		Bank of America Corp	5.875		02/07/42		1,372,348
	500,000		Bank of New York Mellon Corp	1.200		02/20/15		505,369
	200,000		Bank of New York Mellon Corp	2.300		07/28/16		209,051

111

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,350,000	i	Bank of New York Mellon Corp	1.969	%	06/20/17	$	1,392,250
	275,000		Bank of New York Mellon Corp	5.450		05/15/19		328,612
	1,000,000	g	BBVA Bancomer S.A.	6.750		09/30/22		1,125,000
	925,000		Berkshire Hathaway, Inc	1.900		01/31/17		956,193
	500,000		BlackRock, Inc	3.500		12/10/14		528,057
	825,000		BlackRock, Inc	1.375		06/01/15		837,872
	1,350,000		BlackRock, Inc	4.250		05/24/21		1,522,799
	500,000		BlackRock, Inc	3.375		06/01/22		531,040
	2,000,000	g	Caisse Centrale Desjardins du Quebec	2.550		03/24/16		2,116,600
	3,000,000	g	Caisse Centrale Desjardins du Quebec	1.600		03/06/17		3,077,400
	250,000		Capital One Bank USA NA	8.800		07/15/19		338,524
	1,575,000		Capital One Financial Corp	3.150		07/15/16		1,672,155
	1,000,000		Celanese US Holdings LLC	4.625		11/15/22		1,047,500
	225,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.875		02/08/22		242,128
	300,000		Countrywide Financial Corp	6.250		05/15/16		329,312
	1,000,000		Credit Suisse	5.500		05/01/14		1,063,993
	1,500,000		Ford Motor Credit Co LLC	3.000		06/12/17		1,541,138
	1,000,000		Ford Motor Credit Co LLC	5.750		02/01/21		1,151,326
	650,000		Ford Motor Credit Co LLC	4.250		09/20/22		687,300
	225,000		General Electric Capital Corp	2.800		01/08/13		225,064
	850,000		General Electric Capital Corp	1.875		09/16/13		858,383
	950,000		General Electric Capital Corp	2.300		04/27/17		985,037
	5,815,000		General Electric Capital Corp	4.650		10/17/21		6,635,125
	400,000		General Electric Capital Corp	6.875		01/10/39		543,720
	275,000	i	Goldman Sachs Capital II	4.000		06/01/43		214,797
	275,000		Goldman Sachs Group, Inc	3.300		05/03/15		286,621
	150,000		Goldman Sachs Group, Inc	6.450		05/01/36		164,525
	375,000		Goldman Sachs Group, Inc	6.750		10/01/37		424,998
	500,000		Goldman Sachs Group, Inc	6.250		02/01/41		613,461
	825,000	g	Grupo Aval Ltd	4.750		09/26/22		835,312
	1,165,000		HSBC Finance Corp	4.750		07/15/13		1,189,314
	200,000	g	International Lease Finance Corp	6.500		09/01/14		213,500
	150,000		International Lease Finance Corp	8.625		09/15/15		168,563
	2,070,000		International Lease Finance Corp	5.750		05/15/16		2,181,964
	1,000,000		International Lease Finance Corp	5.875		08/15/22		1,059,212
	625,000	g	Inversiones CMPC S.A.	4.500		04/25/22		640,471
	100,000		Jefferies Group, Inc	6.250		01/15/36		103,500
	1,750,000		John Deere Capital Corp	0.875		04/17/15		1,757,695
	1,250,000		John Deere Capital Corp	0.950		06/29/15		1,256,933
	1,705,000		John Deere Capital Corp	2.250		06/07/16		1,783,877
	500,000		John Deere Capital Corp	1.400		03/15/17		504,780
	375,000		John Deere Capital Corp	2.750		03/15/22		382,159
	3,000,000		KFW	2.625		01/25/22		3,176,109
	300,000		Kreditanstalt fuer Wiederaufbau	4.875		01/17/17		348,630
	750,000	g	Lukoil International Finance BV	6.125		11/09/20		867,188
	275,000		MBNA Corp	6.125		03/01/13		277,311
	1,650,000		Merrill Lynch & Co, Inc	5.450		02/05/13		1,657,163
	800,000		Merrill Lynch & Co, Inc	6.400		08/28/17		939,484
	1,000,000		Morgan Stanley	2.875		01/24/14		1,016,804
	1,000,000		Morgan Stanley	5.500		07/28/21		1,135,374
	500,000		Morgan Stanley	6.375		07/24/42		586,152
	175,000		NASDAQ OMX Group, Inc	5.550		01/15/20		190,633

112

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	400,000		National Rural Utilities Cooperative Finance Corp	5.500	%	07/01/13	$	410,050
	250,000		National Rural Utilities Cooperative Finance Corp	10.375		11/01/18		369,554
	720,000	g	Odebrecht Finance Ltd	6.000		04/05/23		832,500
	730,000	g	Reliance Holdings USA	4.500		10/19/20		764,358
	400,000		Sasol Financing International plc	4.500		11/14/22		402,000
	575,000		Sberbank of Russia Via SB Capital S.A.	5.180		06/28/19		629,625
	825,000	g	Sberbank of Russia Via SB Capital S.A.	6.125		02/07/22		942,563
	450,000		State Street Corp	4.300		05/30/14		474,287
	3,275,000	g	Temasek Financial I Ltd	2.375		01/23/23		3,225,567
	500,000		Toyota Motor Credit Corp	2.050		01/12/17		517,130
	1,000,000		UBS AG.	2.250		01/28/14		1,014,440

			TOTAL DIVERSIFIED FINANCIALS					79,625,371


ENERGY - 5.1%
	160,000		Anadarko Petroleum Corp	6.950		06/15/19		202,211
	260,000		Anadarko Petroleum Corp	6.450		09/15/36		325,719
	325,000		Apache Corp	1.750		04/15/17		333,730
	855,000		Apache Corp	4.750		04/15/43		930,759
	500,000		Arch Coal, Inc	8.750		08/01/16		520,000
	833,000		Arch Coal, Inc	7.000		06/15/19		774,690
	215,000	g	Ashland, Inc	4.750		08/15/22		223,600
	350,000		Baker Hughes, Inc	3.200		08/15/21		373,136
	1,000,000		BP Capital Markets plc	5.250		11/07/13		1,040,607
	2,045,000		BP Capital Markets plc	3.200		03/11/16		2,181,449
	1,250,000		BP Capital Markets plc	1.846		05/05/17		1,277,843
	400,000		Chaparral Energy, Inc	7.625		11/15/22		420,000
	770,000		Cimarex Energy Co	5.875		05/01/22		843,150
	500,000		Cloud Peak Energy Resources LLC	8.250		12/15/17		535,000
	950,000		Concho Resources, Inc	5.500		04/01/23		995,125
	575,000		ConocoPhillips	6.500		02/01/39		815,430
	500,000		Consol Energy Inc	8.250		04/01/20		541,250
	1,340,000		Continental Resources, Inc	5.000		09/15/22		1,443,850
	580,000	g	Crosstex Energy LP	7.125		06/01/22		604,650
	575,000		Crosstex Energy, Inc	8.875		02/15/18		621,000
	625,000		Devon Energy Corp	1.875		05/15/17		637,142
	700,000		Devon Energy Corp	3.250		05/15/22		730,584
	500,000		Devon Energy Corp	5.600		07/15/41		593,923
	300,000		Devon Energy Corp	4.750		05/15/42		320,944
	300,000	g	Drill Rigs Holdings, Inc	6.500		10/01/17		298,500
	500,000	g	Empresa Nacional del Petroleo	6.250		07/08/19		574,885
	470,000	g	Empresa Nacional del Petroleo	4.750		12/06/21		503,663
	250,000		Encore Acquisition Co	9.500		05/01/16		268,750
	275,000		Enterprise Products Operating LLC	5.600		10/15/14		297,703
	75,000		Enterprise Products Operating LLC	5.000		03/01/15		81,143
	115,000		Enterprise Products Operating LLC	6.125		10/15/39		138,931
	135,000		Enterprise Products Operating LLC	5.950		02/01/41		162,981
	425,000		Enterprise Products Operating LLC	5.700		02/15/42		497,743
	750,000		Enterprise Products Operating LLC	4.450		02/15/43		759,380
	350,000		EOG Resources, Inc	4.100		02/01/21		399,075
	500,000		Gaz Capital S.A.	6.212		11/22/16		560,000
	500,000	g	Gazprom Neft OAO	4.375		09/19/22		511,250
	350,000	g	Gazprom OAO Via Gaz Capital S.A.	4.950		05/23/16		375,813

113

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	850,000	g	Halcon Resources Corp	8.875	%	05/15/21	$	901,000
	175,000		Hess Corp	8.125		02/15/19		230,319
	285,000		Hess Corp	6.000		01/15/40		347,682
	715,000	g	KMG Finance Sub BV	6.375		04/09/21		874,981
	750,000		Marathon Petroleum Corp	3.500		03/01/16		798,382
	275,000		MarkWest Energy Partners LP	6.750		11/01/20		299,750
	425,000		MarkWest Energy Partners LP	5.500		02/15/23		461,125
	300,000		Newfield Exploration Co	5.750		01/30/22		330,000
	900,000		Newfield Exploration Co	5.625		07/01/24		972,000
	125,000		Noble Holding International Ltd	3.450		08/01/15		131,722
	350,000		Noble Holding International Ltd	4.900		08/01/20		393,657
	1,500,000	g	Novatek OAO via Novatek Finance Ltd	4.422		12/13/22		1,509,375
	1,225,000		Occidental Petroleum Corp	1.500		02/15/18		1,240,729
	350,000		Occidental Petroleum Corp	4.100		02/01/21		400,189
	500,000		Peabody Energy Corp	7.375		11/01/16		572,500
	150,000		Pemex Project Funding Master Trust	6.625		06/15/35		190,500
	125,000		Pemex Project Funding Master Trust	6.625		06/15/38		158,438
	875,000	g	Pertamina Persero PT	4.875		05/03/22		955,937
	900,000	g	Pertamina Persero PT	6.000		05/03/42		1,015,875
	675,000	g	Pertamina PT	5.250		05/23/21		752,625
	500,000	g	Pertamina PT	6.500		05/27/41		592,500
	500,000		Petrobras International Finance Co	7.875		03/15/19		624,538
	494,000		Petrobras International Finance Co	6.875		01/20/40		627,560
	325,000		Petroleos Mexicanos	5.500		01/21/21		379,762
	475,000		Petroleos Mexicanos	4.875		01/24/22		536,038
	540,000		Petroleos Mexicanos	6.500		06/02/41		677,700
	575,000		Petroleos Mexicanos	5.500		06/27/44		632,500
	430,000	g	Petroleum Co of Trinidad & Tobago Ltd	9.750		08/14/19		571,470
	700,000	g	Phillips 66	1.950		03/05/15		714,235
	625,000	g	Phillips 66	4.300		04/01/22		698,387
	2,025,000		Plains All American Pipeline LP	2.850		01/31/23		2,006,311
	2,685,000		Plains Exploration & Production Co	6.500		11/15/20		2,973,638
	800,000		Precision Drilling Trust	6.625		11/15/20		860,000
	500,000	g	PTTEP Canada International Finance Ltd	5.692		04/05/21		578,119
	100,000		Range Resources Corp	7.250		05/01/18		105,000
	500,000		Range Resources Corp	5.750		06/01/21		535,000
	600,000		Regency Energy Partners LP	6.500		07/15/21		657,000
	200,000		Regency Energy Partners LP	5.500		04/15/23		213,500
	800,000	g	Rosneft Oil Co via Rosneft International Finance Ltd	3.149		03/06/17		812,000
	1,325,000	g	Rosneft Oil Co via Rosneft International Finance Ltd	4.199		03/06/22		1,348,188
	500,000	g	SandRidge Energy, Inc	8.000		06/01/18		530,000
	600,000	g	Schlumberger Investment S.A.	2.400		08/01/22		594,868
	675,000		SESI LLC	7.125		12/15/21		750,937
	250,000		Shell International Finance BV	3.100		06/28/15		264,840
	525,000		Shell International Finance BV	4.300		09/22/19		608,210
	125,000		Shell International Finance BV	6.375		12/15/38		175,621
	300,000		SM Energy Co	6.500		01/01/23		321,000
	1,495,000		Southwestern Energy Co	7.500		02/01/18		1,832,057
	200,000		Statoil ASA	2.900		10/15/14		208,138
	200,000		Statoil ASA	1.200		01/17/18		200,037
	375,000		Statoil ASA	2.450		01/17/23		374,122
	1,000,000		Total Capital International S.A.	1.500		02/17/17		1,007,750

114

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	500,000		TransCanada Pipelines Ltd	5.850	%	03/15/36	$	631,281
	250,000	i	TransCanada Pipelines Ltd	6.350		05/15/67		267,970
	125,000		Vale Overseas Ltd	5.625		09/15/19		142,126
	215,000		Vale Overseas Ltd	4.375		01/11/22		229,514
	125,000		Vale Overseas Ltd	6.875		11/21/36		154,948
	600,000		XTO Energy, Inc	6.250		04/15/13		609,416
	300,000		XTO Energy, Inc	4.625		06/15/13		305,361

			TOTAL ENERGY					60,604,037


FOOD & STAPLES RETAILING - 0.2%
	185,000		CVS Caremark Corp	3.250		05/18/15		196,132
	488,000		CVS Caremark Corp	5.750		06/01/17		583,438
	750,000		CVS Caremark Corp	2.750		12/01/22		752,791
	500,000		Ingles Markets, Inc	8.875		05/15/17		533,125
	75,000		Kroger Co	5.000		04/15/13		75,958
	295,000		Stater Bros Holdings, Inc	7.750		04/15/15		300,900
	300,000		Stater Bros Holdings, Inc	7.375		11/15/18		324,000

			TOTAL FOOD & STAPLES RETAILING					2,766,344


FOOD, BEVERAGE & TOBACCO - 1.3%
	500,000		Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		529,550
	1,250,000		Anheuser-Busch InBev Worldwide, Inc	1.375		07/15/17		1,263,162
	2,725,000		Anheuser-Busch InBev Worldwide, Inc	2.500		07/15/22		2,742,058
	575,000		Anheuser-Busch InBev Worldwide, Inc	3.750		07/15/42		577,658
	750,000	g	BRF-Brasil Foods S.A.	5.875		06/06/22		826,875
	750,000		Coca-Cola Co	0.750		03/13/15		755,713
	350,000		Constellation Brands, Inc	4.625		03/01/23		365,750
	750,000		Diageo Capital plc	1.500		05/11/17		760,605
	1,000,000		General Mills, Inc	3.150		12/15/21		1,045,289
	650,000		HJ Heinz Co	1.500		03/01/17		659,055
	620,000		Kraft Foods, Inc	6.500		02/09/40		832,878
	25,000		PepsiAmericas, Inc	4.375		02/15/14		26,048
	38,000		PepsiCo, Inc	7.900		11/01/18		51,279
	1,000,000	g	Pernod-Ricard S.A.	2.950		01/15/17		1,051,726
	550,000		Philip Morris International, Inc	6.875		03/17/14		592,217
	100,000		Philip Morris International, Inc	6.375		05/16/38		136,172
	1,080,000	g	Post Holdings, Inc	7.375		02/15/22		1,183,275
	430,000		Smithfield Foods, Inc	6.625		08/15/22		475,150
	500,000		TreeHouse Foods, Inc	7.750		03/01/18		542,500
	750,000	g	USJ Acucar e Alcool S.A.	9.875		11/09/19		798,750

			TOTAL FOOD, BEVERAGE & TOBACCO					15,215,710


HEALTH CARE EQUIPMENT & SERVICES - 0.9%
	250,000		Becton Dickinson and Co	1.750		11/08/16		257,384
	225,000		CHS/Community Health Systems	5.125		08/15/18		234,562
	1,000,000		CHS/Community Health Systems	8.000		11/15/19		1,082,500
	750,000		Covidien International Finance S.A.	1.350		05/29/15		760,149
	375,000		Covidien International Finance S.A.	3.200		06/15/22		392,586
	1,722,000	g	Fresenius Medical Care Capital Trust	5.750		02/15/21		1,842,540
	400,000	g	Fresenius US Finance II, Inc	9.000		07/15/15		461,000
	500,000		HCA, Inc	8.500		04/15/19		557,500
	165,000		HCA, Inc	6.500		02/15/20		185,625

115

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	500,000		HCA, Inc	7.875	%	02/15/20	$	556,250
	975,000		HCA, Inc	5.875		03/15/22		1,060,312
	450,000		Healthsouth Corp	7.250		10/01/18		488,250
	900,000	g	Kinetic Concepts, Inc	10.500		11/01/18		943,875
	1,500,000		LifePoint Hospitals, Inc	6.625		10/01/20		1,620,000
	228,000		McKesson Corp	3.250		03/01/16		244,394
	275,000		Medtronic, Inc	4.750		09/15/15		304,727
	400,000		Quest Diagnostics, Inc	6.400		07/01/17		471,219
	750,000		Thermo Fisher Scientific, Inc	3.200		03/01/16		796,481
	475,000		Thermo Fisher Scientific, Inc	2.250		08/15/16		491,811

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					12,751,165


HOUSEHOLD & PERSONAL PRODUCTS - 0.2%
	380,000		Colgate-Palmolive Co	2.300		05/03/22		383,313
	375,000		Ecolab, Inc	1.450		12/08/17		373,296
	1,125,000	g	Reynolds Group Issuer, Inc	5.750		10/15/20		1,161,563
	175,000	g	Spectrum Brands Escrow Corp	6.375		11/15/20		183,750
	175,000	g	Spectrum Brands Escrow Corp	6.625		11/15/22		187,688

			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					2,289,610


INSURANCE - 1.5%
	275,000		ACE INA Holdings, Inc	5.875		06/15/14		295,324
	250,000		Aetna, Inc	1.500		11/15/17		250,505
	240,000		Aetna, Inc	6.500		09/15/18		298,396
	150,000		Aetna, Inc	6.625		06/15/36		201,899
	375,000		Allstate Corp	7.450		05/16/19		491,764
	500,000		American International Group, Inc	3.650		01/15/14		513,372
	400,000		Chubb Corp	6.000		05/11/37		521,962
	80,000		CIGNA Corp	5.125		06/15/20		91,296
	1,000,000		CIGNA Corp	4.500		03/15/21		1,120,169
	525,000		Hartford Financial Services Group, Inc	4.000		03/30/15		554,760
	925,000		Hartford Financial Services Group, Inc	4.000		10/15/17		1,010,472
	250,000		Lincoln National Corp	7.000		06/15/40		325,386
	525,000	g	MetLife Institutional Funding II	1.625		04/02/15		534,850
	525,000		Metlife, Inc	6.750		06/01/16		621,782
	275,000		Metlife, Inc	5.700		06/15/35		335,761
	1,000,000		Metlife, Inc	4.125		08/13/42		1,000,134
	1,500,000	g	Onex USI Aquisition Corp	7.750		01/15/21		1,477,500
	200,000		Principal Financial Group, Inc	1.850		11/15/17		201,058
	600,000	g	Principal Life Global Funding I	5.125		10/15/13		621,842
	650,000		Prudential Financial, Inc	6.200		11/15/40		786,242
	1,400,000	i	Prudential Financial, Inc	5.625		06/15/43		1,450,820
	300,000	g	Prudential Funding LLC	6.750		09/15/23		355,787
	175,000	g	Swiss Re Treasury US Corp	2.875		12/06/22		175,133
	450,000	g	Swiss Re Treasury US Corp	4.250		12/06/42		445,920
	300,000		Travelers Cos, Inc	5.800		05/15/18		363,409
	450,000		UnitedHealth Group, Inc	1.400		10/15/17		450,704
	100,000		Unum Group	5.625		09/15/20		114,258
	275,000		WellPoint, Inc	5.850		01/15/36		324,640
	500,000		WellPoint, Inc	4.625		05/15/42		516,408
	2,000,000		Willis Group Holdings plc	4.125		03/15/16		2,133,238
	150,000		WR Berkley Corp	5.375		09/15/20		167,801

			TOTAL INSURANCE					17,752,592

116

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

MATERIALS - 3.2%
$	300,000		3M Co	5.700	%	03/15/37	$	407,479
	350,000		Air Products & Chemicals, Inc	4.150		02/01/13		351,038
	75,000		Airgas, Inc	4.500		09/15/14		79,150
	250,000		Airgas, Inc	7.125		10/01/18		266,882
	1,000,000		Albemarle Corp	4.500		12/15/20		1,120,702
	750,000	g	Anglo American Capital plc	4.125		09/27/22		783,561
	440,000		ArcelorMittal	5.000		02/25/17		444,134
	120,000		Ball Corp	7.375		09/01/19		133,500
	1,000,000		Ball Corp	5.750		05/15/21		1,082,500
	1,000,000		Barrick Gold Corp	3.850		04/01/22		1,058,526
	850,000		Barrick North America Finance LLC	4.400		05/30/21		932,142
	450,000	g	Belden, Inc	5.500		09/01/22		462,375
	750,000	g	Braskem America Finance Co	7.125		07/22/41		789,375
	1,500,000		Celanese US Holdings LLC	6.625		10/15/18		1,650,000
	1,027,500	g	Cemex SAB de C.V.	9.000		01/11/18		1,112,269
	1,500,000		CF Industries, Inc	7.125		05/01/20		1,887,807
	500,000		Clorox Co	3.800		11/15/21		544,499
	325,000	g	CommScope, Inc	8.250		01/15/19		355,875
	200,000		Corning, Inc	1.450		11/15/17		200,787
	200,000	g	Corp Nacional del Cobre de Chile-CODELCO	4.250		07/17/42		203,590
	1,385,000		Crown Americas LLC	6.250		02/01/21		1,518,306
	1,175,000	g	Eldorado Gold Corp	6.125		12/15/20		1,195,562
	750,000	g	Fibria Overseas Finance Ltd	6.750		03/03/21		830,625
	1,250,000		Freeport-McMoRan Copper & Gold, Inc	1.400		02/13/15		1,247,380
	975,000		Graphic Packaging International, Inc	9.500		06/15/17		1,053,000
	750,000		International Paper Co	4.750		02/15/22		848,652
	250,000		International Paper Co	7.300		11/15/39		338,890
	455,000	g	Longview Fibre Paper & Packaging, Inc	8.000		06/01/16		477,750
	2,000,000		LyondellBasell Industries NV	5.000		04/15/19		2,210,000
	825,000	g	Mexichem SAB de C.V.	4.875		09/19/22		888,937
	750,000		Newmont Mining Corp	3.500		03/15/22		773,523
	200,000		Praxair, Inc	5.250		11/15/14		217,389
	500,000		Praxair, Inc	2.450		02/15/22		502,544
	500,000		Precision Castparts Corp	1.250		01/15/18		500,825
	425,000		Precision Castparts Corp	2.500		01/15/23		427,723
	100,000		Precision Castparts Corp	3.900		01/15/43		102,588
	1,450,000		Rio Tinto Finance USA Ltd	2.250		09/20/16		1,504,271
	325,000		Rio Tinto Finance USA plc	2.875		08/21/22		327,149
	680,000	g	Rock-Tenn Co	4.450		03/01/19		733,636
	820,000	g	Rock-Tenn Co	4.900		03/01/22		886,162
	400,000		Rockwood Specialties Group, Inc	4.625		10/15/20		414,000
	550,000	g	Samarco Mineracao S.A.	4.125		11/01/22		559,625
	250,000	g	Sappi Papier Holding AG.	6.625		04/15/21		246,875
	1,000,000	g	Severstal OAO Via Steel Capital S.A.	5.900		10/17/22		1,011,250
	425,000		Sherwin-Williams Co	1.350		12/15/17		424,066
	500,000		Silgan Holdings, Inc	5.000		04/01/20		518,750
	700,000		Teck Resources Ltd	2.500		02/01/18		714,565
	800,000		Teck Resources Ltd	3.750		02/01/23		820,543
	125,000		Teck Resources Ltd	6.000		08/15/40		141,480

117

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	900,000		Teck Resources Ltd	5.200	%	03/01/42	$	919,870
	650,000		Teck Resources Ltd	5.400		02/01/43		687,684
	950,000	g	Tronox Finance LLC	6.375		08/15/20		959,500
	355,000	g	USG Corp	7.875		03/30/20		394,938
	500,000		Verso Paper Holdings LLC	11.750		01/15/19		525,000

			TOTAL MATERIALS					38,789,249


MEDIA - 2.4%
	2,000,000		AMC Entertainment, Inc	8.750		06/01/19		2,215,000
	200,000		CBS Corp	1.950		07/01/17		203,757
	1,100,000		CCO Holdings LLC	7.000		01/15/19		1,186,625
	1,300,000		CCO Holdings LLC	6.500		04/30/21		1,402,375
	1,462,000		Cinemark USA, Inc	8.625		06/15/19		1,619,165
	1,000,000		Comcast Corp	4.650		07/15/42		1,054,063
	1,750,000		DIRECTV Holdings LLC	2.400		03/15/17		1,792,555
	850,000		DIRECTV Holdings LLC	5.150		03/15/42		859,718
	500,000		Discovery Communications LLC	4.950		05/15/42		534,399
	2,015,000		DISH DBS Corp	4.625		07/15/17		2,100,637
	250,000		Interpublic Group of Cos, Inc	6.250		11/15/14		270,625
	2,935,000		Lamar Media Corp	7.875		04/15/18		3,243,175
	2,350,000		NBC Universal Media LLC	2.875		01/15/23		2,359,999
	100,000		News America, Inc	7.250		05/18/18		125,893
	125,000		News America, Inc	7.625		11/30/28		161,122
	90,000		News America, Inc	6.550		03/15/33		108,326
	325,000		News America, Inc	6.650		11/15/37		419,963
	250,000		News America, Inc	6.900		08/15/39		327,317
	963,000		Nielsen Finance LLC	7.750		10/15/18		1,076,152
	400,000	g	Nielsen Finance LLC	4.500		10/01/20		398,000
	500,000	g	Starz LLC	5.000		09/15/19		512,500
	350,000		Time Warner Cable, Inc	8.750		02/14/19		472,206
	625,000		Time Warner Cable, Inc	8.250		04/01/19		831,711
	1,075,000		Time Warner Cable, Inc	4.500		09/15/42		1,048,390
	250,000		Time Warner, Inc	3.150		07/15/15		264,374
	1,000,000		Time Warner, Inc	4.700		01/15/21		1,138,451
	275,000		Time Warner, Inc	6.500		11/15/36		343,984
	700,000		Time Warner, Inc	4.900		06/15/42		750,923
	1,500,000		Viacom, Inc	1.250		02/27/15		1,514,644
	700,000		Viacom, Inc	2.500		12/15/16		729,871

			TOTAL MEDIA					29,065,920


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.2%
	1,500,000	g	AbbVie, Inc	1.200		11/06/15		1,510,022
	1,200,000	g	AbbVie, Inc	1.750		11/06/17		1,213,052
	475,000	g	AbbVie, Inc	2.900		11/06/22		483,731
	3,100,000	g	Aristotle Holding, Inc	2.100		02/12/15		3,157,831
	625,000	g	Aristotle Holding, Inc	3.900		02/15/22		673,907
	750,000	g	CFR International S.p.A	5.125		12/06/22		777,589
	257,000		Endo Health Solutions, Inc	7.250		01/15/22		275,632
	1,079,000		Endo Pharmaceuticals Holdings, Inc	7.000		07/15/19		1,150,484
	250,000		Merck & Co, Inc	3.875		01/15/21		280,561
	225,000		Merck & Co, Inc	3.600		09/15/42		221,996
	1,000,000	g	Mylan, Inc	7.625		07/15/17		1,123,869

118

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	444,000		NBTY, Inc	9.000	%	10/01/18	$	501,720
	135,000		Novartis Capital Corp	4.125		02/10/14		140,404
	150,000		Novartis Capital Corp	2.900		04/24/15		157,689
	300,000		Novartis Capital Corp	3.700		09/21/42		298,700
	2,000,000		Sanofi-Aventis S.A.	2.625		03/29/16		2,105,046
	220,000		Schering-Plough Corp	6.550		09/15/37		315,282
	250,000		Watson Pharmaceuticals, Inc	1.875		10/01/17		253,287
	350,000		Watson Pharmaceuticals, Inc	3.250		10/01/22		357,297

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					14,998,099


REAL ESTATE - 1.1%
	100,000		AMB Property LP	7.625		08/15/14		109,391
	150,000		AMB Property LP	4.500		08/15/17		163,575
	600,000		AvalonBay Communities, Inc	2.850		03/15/23		592,360
	1,250,000		Brandywine Operating Partnership LP	4.950		04/15/18		1,367,198
	170,000		Camden Property Trust	4.625		06/15/21		187,437
	1,000,000		Developers Diversified Realty Corp	4.750		04/15/18		1,108,273
	500,000		Developers Diversified Realty Corp	7.875		09/01/20		640,965
	25,000		Federal Realty Investment Trust	5.650		06/01/16		28,124
	225,000		Federal Realty Investment Trust	3.000		08/01/22		222,721
	500,000		HCP, Inc	2.625		02/01/20		498,049
	200,000		Healthcare Realty Trust, Inc	5.750		01/15/21		224,777
	1,783,000		Highwoods Properties, Inc	5.850		03/15/17		2,010,862
	1,000,000		Host Hotels & Resorts LP	5.875		06/15/19		1,090,000
	125,000		Kilroy Realty Corp	5.000		11/03/15		136,357
	250,000		Kilroy Realty LP	4.800		07/15/18		278,503
	325,000		Liberty Property LP	4.125		06/15/22		341,600
	175,000		Liberty Property LP	3.375		06/15/23		173,156
	300,000		National Retail Properties, Inc	5.500		07/15/21		341,767
	150,000		Regency Centers LP	5.250		08/01/15		163,567
	25,000		Regency Centers LP	5.875		06/15/17		28,913
	25,000		Simon Property Group LP	5.250		12/01/16		28,603
	825,000		Simon Property Group LP	2.800		01/30/17		870,528
	210,000		Simon Property Group LP	10.350		04/01/19		300,297
	1,000,000		Simon Property Group LP	2.750		02/01/23		999,439
	185,000		Ventas Realty LP	3.125		11/30/15		195,033
	575,000		Ventas Realty LP	2.000		02/15/18		575,371
	500,000		Ventas Realty LP	4.000		04/30/19		537,471
	100,000		Ventas Realty LP	4.250		03/01/22		106,045

			TOTAL REAL ESTATE					13,320,382


RETAILING - 1.1%
	907,000		Amerigas Partners LP	6.500		05/20/21		984,095
	810,000	g	Continental Rubber Of America Corp	4.500		09/15/19		828,949
	1,500,000		Ferrellgas LP	6.500		05/01/21		1,485,000
	350,000	g	HDTFS, Inc	5.875		10/15/20		365,750
	1,000,000		Limited Brands, Inc	7.000		05/01/20		1,150,000
	625,000		Limited Brands, Inc	6.625		04/01/21		715,625
	810,000		Limited Brands, Inc	5.625		02/15/22		880,875
	768,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		902,411
	325,000		Macy’s Retail Holdings, Inc	3.875		01/15/22		346,408
	1,125,000		Macy’s Retail Holdings, Inc	2.875		02/15/23		1,101,637

119

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	800,000	g,o	New Academy Finance Co LLC	8.000	%	06/15/18	$	810,000
	295,000		O’Reilly Automotive, Inc	4.625		09/15/21		323,024
	100,000		O’Reilly Automotive, Inc	3.800		09/01/22		104,049
	600,000	g	Penske Automotive Group, Inc	5.750		10/01/22		618,000
	1,500,000	g	QVC, Inc	7.125		04/15/17		1,573,026
	150,000	g	QVC, Inc	5.125		07/02/22		157,228
	350,000		Wal-Mart Stores, Inc	4.250		04/15/21		406,467
	250,000		Wal-Mart Stores, Inc	5.000		10/25/40		302,489
	700,000		Wal-Mart Stores, Inc	5.625		04/15/41		916,704

			TOTAL RETAILING					13,971,737


SOFTWARE & SERVICES - 2.0%
	385,000		Baidu, Inc	2.250		11/28/17		387,387
	3,000,000		Fidelity National Information Services, Inc	5.000		03/15/22		3,217,500
	500,000		Infor US, Inc	9.375		04/01/19		561,250
	750,000		International Business Machines Corp	0.550		02/06/15		750,139
	7,000,000		International Business Machines Corp	0.750		05/11/15		7,042,399
	950,000		International Business Machines Corp	1.250		02/06/17		960,031
	165,000		Microsoft Corp	0.875		09/27/13		165,717
	475,000		Microsoft Corp	0.875		11/15/17		472,499
	2,000,000		Microsoft Corp	3.500		11/15/42		1,933,602
	1,225,000	g	NCR Corp	4.625		02/15/21		1,225,000
	75,000	g	NCR Corp	5.000		07/15/22		76,219
	1,100,000		Oracle Corp	1.200		10/15/17		1,103,265
	200,000		Oracle Corp	5.750		04/15/18		243,401
	1,225,000		Oracle Corp	2.500		10/15/22		1,236,036
	400,000	g	Sophia LP	9.750		01/15/19		431,000
	1,925,000	g	SPL Logistics Escrow LLC	8.875		08/01/20		2,040,500
	500,000		SunGard Data Systems, Inc	4.500		12/14/19		503,750
	500,000		SunGard Data Systems, Inc	4.875		01/15/14		515,625
	1,000,000		SunGard Data Systems, Inc	7.375		11/15/18		1,071,250
	145,000	g	SunGard Data Systems, Inc	6.625		11/01/19		148,263

			TOTAL SOFTWARE & SERVICES					24,084,833


TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	785,000		Brocade Communications Systems, Inc	6.625		01/15/18		810,512
	287,000		Brocade Communications Systems, Inc	6.875		01/15/20		309,242
	100,000	g	CC Holdings GS V LLC	2.381		12/15/17		100,489
	325,000	g	CC Holdings GS V LLC	3.849		04/15/23		330,626
	2,950,000		General Electric Co	0.850		10/09/15		2,960,399
	75,000		General Electric Co	5.250		12/06/17		88,436
	475,000		General Electric Co	2.700		10/09/22		484,171
	350,000		Hewlett-Packard Co	2.350		03/15/15		351,558
	1,160,000		Jabil Circuit, Inc	5.625		12/15/20		1,287,600
	1,000,000		L-3 Communications Corp	4.950		02/15/21		1,128,306
	500,000		Scientific Games Corp	8.125		09/15/18		550,000
	564,000		Scientific Games Corp	9.250		06/15/19		627,450
	1,000,000		Tyco Electronics Group S.A.	1.600		02/03/15		1,014,808
	525,000		Xerox Corp	8.250		05/15/14		572,663
	225,000		Xerox Corp	4.500		05/15/21		238,241

			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					10,854,501

120

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

TELECOMMUNICATION SERVICES - 2.0%
$	1,040,000		America Movil SAB de C.V.	3.125	%	07/16/22	$	1,057,106
	575,000		America Movil SAB de C.V.	4.375		07/16/42		597,500
	475,000		American Tower Corp	4.700		03/15/22		525,547
	2,250,000		AT&T, Inc	2.950		05/15/16		2,382,124
	450,000		AT&T, Inc	1.400		12/01/17		450,085
	1,200,000		AT&T, Inc	2.625		12/01/22		1,201,974
	800,000		AT&T, Inc	6.300		01/15/38		1,025,780
	443,000	g	AT&T, Inc	4.350		06/15/45		444,992
	500,000		Axiata SPV1 (Labuan) Ltd	5.375		04/28/20		569,015
	550,000		Cellco Partnership	8.500		11/15/18		756,635
	500,000		Cricket Communications, Inc	7.750		05/15/16		529,375
	750,000	g	Deutsche Telekom International Finance BV	2.250		03/06/17		769,115
	425,000	g	Deutsche Telekom International Finance BV	4.875		03/06/42		453,682
	750,000	g	Globo Comunicacao e Participacoes S.A.	4.875		04/11/22		815,625
	1,000,000		Intelsat Bermuda Ltd	11.250		02/04/17		1,057,500
	1,050,000	g	Oi S.A.	5.750		02/10/22		1,094,625
	2,175,000		Sprint Nextel Corp	6.000		11/15/22		2,234,812
	150,000		Telecom Italia Capital S.A.	6.999		06/04/18		171,450
	1,000,000		Telefonica Emisiones SAU	3.992		02/16/16		1,040,500
	500,000		Telefonica Emisiones SAU	5.462		02/16/21		533,125
	500,000		Telefonos de Mexico SAB de C.V.	5.500		11/15/19		586,990
	275,000		Verizon Communications, Inc	5.250		04/15/13		278,765
	1,800,000		Verizon Communications, Inc	0.700		11/02/15		1,800,452
	137,000		Verizon Communications, Inc	8.750		11/01/18		190,220
	1,300,000		Verizon Communications, Inc	3.850		11/01/42		1,278,637
	750,000	g	Vimpelcom Holdings	7.504		03/01/22		859,688
	900,000		Virgin Media Finance plc	4.875		02/15/22		920,250
	500,000		Virgin Media Secured Finance plc	5.250		01/15/21		583,815

			TOTAL TELECOMMUNICATION SERVICES					24,209,384


TRANSPORTATION - 1.0%
	655,000	g	Asciano Finance	5.000		04/07/18		707,817
	750,000	g	Bombardier, Inc	7.500		03/15/18		835,313
	600,000	g	Bombardier, Inc	7.750		03/15/20		681,000
	225,000		Bristow Group, Inc	6.250		10/15/22		240,750
	725,000		Burlington Northern Santa Fe LLC	5.050		03/01/41		823,042
	1,000,000	g	DP World Ltd	6.850		07/02/37		1,171,250
	150,000		Embraer Overseas Ltd	6.375		01/15/20		173,250
	275,000		Embraer S.A.	5.150		06/15/22		301,125
	580,000	g	Gulfmark Offshore, Inc	6.375		03/15/22		597,400
	500,000		Hertz Corp	7.500		10/15/18		552,500
	1,000,000		Hertz Corp	7.375		01/15/21		1,100,000
	625,000	g	Kazakhstan Temir Zholy Finance BV	6.375		10/06/20		756,250
	375,000	g	Kazakhstan Temir Zholy Finance BV	6.950		07/10/42		471,563
	875,000		Norfolk Southern Corp	3.000		04/01/22		897,525
	267,000	g	Norfolk Southern Corp	2.903		02/15/23		268,761
	57,000		Norfolk Southern Corp	5.590		05/17/25		69,999
	300,000		Royal Caribbean Cruises Ltd	5.250		11/15/22		317,250
	640,000	g	TAM Capital 3, Inc	8.375		06/03/21		705,600
	500,000		Union Pacific Corp	4.750		09/15/41		560,850
	525,000		United Parcel Service, Inc	3.625		10/01/42		513,825

			TOTAL TRANSPORTATION					11,745,070

121

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

UTILITIES - 3.5%
$	1,325,000	g	Abu Dhabi National Energy Co	2.500	%	01/12/18	$	1,338,250
	1,200,000	g	Abu Dhabi National Energy Co	3.625		01/12/23		1,236,000
	1,750,000		AES Corp	8.000		10/15/17		2,021,250
	305,000	g	AES Gener S.A.	5.250		08/15/21		338,503
	350,000		AGL Capital Corp	5.250		08/15/19		417,148
	365,000		Alliant Energy Corp	4.000		10/15/14		384,629
	250,000		Atmos Energy Corp	8.500		03/15/19		335,709
	900,000	g	Calpine Corp	7.250		10/15/17		958,500
	675,000	g	Calpine Corp	7.500		02/15/21		745,875
	634,000	g	Calpine Corp	7.875		01/15/23		716,420
	190,000		Carolina Power & Light Co	5.125		09/15/13		196,312
	250,000		Carolina Power & Light Co	5.300		01/15/19		300,668
	275,000		Carolina Power & Light Co	5.700		04/01/35		335,409
	300,000		CenterPoint Energy Resources Corp	6.250		02/01/37		372,913
	1,150,000	g	CEZ AS.	4.250		04/03/22		1,231,006
	600,000	g	CEZ AS.	5.625		04/03/42		696,196
	1,000,000		CMS Energy Corp	5.050		03/15/22		1,114,466
	450,000	g	Colbun S.A.	6.000		01/21/20		500,540
	625,000	g	Comision Federal de Electricidad	5.750		02/14/42		707,812
	1,895,000		Commonwealth Edison Co	4.000		08/01/20		2,118,388
	200,000		Commonwealth Edison Co	5.900		03/15/36		258,013
	200,000		Connecticut Light & Power Co	5.500		02/01/19		239,920
	375,000		Detroit Edison Co	3.950		06/15/42		379,974
	300,000		Dominion Resources, Inc	4.050		09/15/42		296,203
	200,000		Duke Energy Carolinas LLC	4.300		06/15/20		228,035
	1,000,000		Duke Energy Corp	3.950		09/15/14		1,053,055
	778,000	g	Eskom Holdings Ltd	5.750		01/26/21		882,058
	250,000		Indiana Michigan Power Co	7.000		03/15/19		315,936
	415,000	g	Inergy Midstream LP	6.000		12/15/20		428,487
	125,000		Integrys Energy Group, Inc	4.170		11/01/20		139,321
	1,125,000	g	Israel Electric Corp Ltd	6.700		02/10/17		1,215,000
	500,000	g	Israel Electric Corp Ltd	7.250		01/15/19		543,250
	100,000	g	Kansas Gas & Electric	6.700		06/15/19		127,293
	1,000,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		1,068,999
	475,000	g	Korea Hydro & Nuclear Power Co Ltd	3.000		09/19/22		467,266
	350,000		LG&E and KU Energy LLC	3.750		11/15/20		369,621
	500,000	g	Majapahit Holding BV	7.875		06/29/37		686,250
	250,000		Midamerican Energy Holdings Co	5.950		05/15/37		308,676
	250,000		National Fuel Gas Co	5.250		03/01/13		251,851
	250,000		Nevada Power Co	6.650		04/01/36		339,220
	1,000,000		Nevada Power Co	5.450		05/15/41		1,224,318
	1,500,000		NRG Energy, Inc	7.875		05/15/21		1,665,000
	500,000	g	NRG Energy, Inc	6.625		03/15/23		535,000
	500,000		Oncor Electric Delivery Co LLC	4.550		12/01/41		506,112
	300,000		ONEOK Partners LP	3.375		10/01/22		305,713
	325,000		Pacific Gas & Electric Co	8.250		10/15/18		442,498
	150,000		PacifiCorp	6.000		01/15/39		199,016
	250,000		Pepco Holdings, Inc	2.700		10/01/15		258,779
	1,020,000	g	Perusahaan Listrik Negara PT	5.500		11/22/21		1,152,600

122

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	200,000	g	Perusahaan Listrik Negara PT	5.250	%	10/24/42	$	206,000
	500,000		PG&E Corp	5.750		04/01/14		529,928
	50,000		Potomac Electric Power Co	7.900		12/15/38		81,032
	500,000		PPL Capital Funding, Inc	4.200		06/15/22		537,701
	275,000		Progress Energy, Inc	7.050		03/15/19		345,610
	550,000		Public Service Co of Colorado	4.750		08/15/41		630,782
	400,000		Public Service Co of Oklahoma	5.150		12/01/19		466,997
	1,050,000		Puget Energy, Inc	5.625		07/15/22		1,130,933
	1,750,000		Questar Market Resources, Inc	6.875		03/01/21		2,016,875
	500,000		Sabine Pass LNG LP	7.500		11/30/16		551,250
	150,000		San Diego Gas & Electric Co	3.000		08/15/21		158,813
	300,000		San Diego Gas & Electric Co	3.950		11/15/41		309,225
	200,000		Tampa Electric Co	4.100		06/15/42		209,701
	175,000		Veolia Environnement	5.250		06/03/13		177,714
	420,000		Virginia Electric and Power Co	2.950		01/15/22		442,292
	225,000		Williams Partners LP	3.800		02/15/15		237,912
	650,000		Williams Partners LP	3.350		08/15/22		660,915
	1,000,000	g	Wpd Investment Holdings Ltd	3.900		05/01/16		1,053,054
	300,000		Xcel Energy, Inc	4.800		09/15/41		336,642

			TOTAL UTILITIES					42,036,834


			TOTAL CORPORATE BONDS					537,699,713

			(Cost $507,216,834)

GOVERNMENT BONDS - 36.1%

AGENCY SECURITIES - 0.6%
	1,560,678		Cal Dive I- Title XI, Inc	4.930		02/01/27		1,800,592
	1,000,000		Federal Farm Credit Bank (FFCB)	1.375		06/25/13		1,006,301
	415,000		Federal Home Loan Mortgage Corp (FHLMC)	2.500		04/23/14		427,502
	3,000,000		Private Export Funding Corp (PEFCO)	2.050		11/15/22		2,994,072

			TOTAL AGENCY SECURITIES					6,228,467


FOREIGN GOVERNMENT BONDS - 5.4%
	750,000	g	Barbados Government International Bond	7.000		08/04/22		761,250
	900,000		Brazilian Government International Bond	2.625		01/05/23		903,600
	1,275,000		Canada Government International Bond	0.875		02/14/17		1,285,327
	215,000		Chile Government International Bond	3.875		08/05/20		242,412
	400,000		Chile Government International Bond	2.250		10/30/22		397,000
	260,000		Colombia Government International Bond	4.375		07/12/21		299,390
	400,000		Colombia Government International Bond	6.125		01/18/41		549,200
	1,125,000	g	Costa Rica Government International Bond	4.250		01/26/23		1,135,125
	270,000	g	Croatia Government International Bond	6.375		03/24/21		307,125
	500,000		Egypt Government AID Bonds	4.450		09/15/15		553,610
	1,776,000		Eksportfinans ASA	2.000		09/15/15		1,699,927
	525,000	g	El Salvador Government International Bond	5.875		01/30/25		530,775
	275,000		European Investment Bank	4.875		02/15/36		326,157
	500,000		Export Development Canada	2.250		05/28/15		522,150
	600,000		Export-Import Bank of Korea	1.250		11/20/15		600,997
	525,000		Export-Import Bank of Korea	5.125		06/29/20		603,276
	100,000		Federative Republic of Brazil	6.000		01/17/17		118,000
	750,000	g	Iceland Government International Bond	4.875		06/16/16		787,993

123

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	225,000		Italy Government International Bond	5.375	%	06/12/17	$	240,795
	180,000		Italy Government International Bond	6.875		09/27/23		209,044
	1,900,000	g	Kommunalbanken AS.	1.375		06/08/17		1,935,805
	625,000		Korea Development Bank	3.000		09/14/22		622,585
	750,000	g	Lithuania Government International Bond	5.125		09/14/17		845,625
	10,400,000		Mexican Bonos	7.750		12/14/17		895,559
	750,000		Mexico Government International Bond	3.625		03/15/22		820,313
	150,000		Mexico Government International Bond	6.750		09/27/34		216,000
	250,000		Mexico Government International Bond	4.750		03/08/44		282,500
	2,000,000	g	Mongolia Government International Bond	4.125		01/05/18		1,975,000
	1,425,000	g	Mongolia Government International Bond	5.125		12/05/22		1,396,500
	1,300,000	g	Morocco Government International Bond	4.250		12/11/22		1,309,750
	800,000	g	Morocco Government International Bond	5.500		12/11/42		818,000
	500,000	g	Namibia International Bonds	5.500		11/03/21		560,000
	575,000	g	National Bank of Canada	1.650		01/30/14		582,820
	625,000	g	Nederlandse Waterschapsbank NV	2.125		02/09/17		647,775
	4,000,000		North American Development Bank	2.400		10/26/22		4,034,272
	500,000		Panama Government International Bond	5.200		01/30/20		597,250
	135,000		Peruvian Government International Bond	7.350		07/21/25		195,615
	433,000		Poland Government International Bond	5.125		04/21/21		513,538
	500,000		Poland Government International Bond	5.000		03/23/22		590,500
	975,000		Poland Government International Bond	3.000		03/17/23		972,562
	750,000		Province of British Columbia Canada	2.850		06/15/15		793,275
	5,000,000		Province of British Columbia Canada	1.200		04/25/17		5,089,785
	500,000		Province of Ontario Canada	2.950		02/05/15		525,524
	1,750,000		Province of Ontario Canada	2.700		06/16/15		1,842,386
	5,000,000		Province of Ontario Canada	2.300		05/10/16		5,260,000
	620,000		Province of Quebec Canada	4.625		05/14/18		727,942
	1,000,000		Province of Quebec Canada	3.500		07/29/20		1,110,700
	3,000,000		Province of Quebec Canada	2.750		08/25/21		3,133,848
	300,000	g	Republic of Indonesia	4.875		05/05/21		345,000
	1,500,000	g	Republic of Latvia	2.750		01/12/20		1,483,500
	525,000	g	Republic of Serbia	5.250		11/21/17		544,688
	435,000	g	Republic of Serbia	7.250		09/28/21		500,250
	400,000	i	Republic of Serbia	6.750		11/01/24		404,000
	1,150,000	g	Republic of Zambia	5.375		09/20/22		1,145,688
	750,000	g	Romanian Government International Bond	6.750		02/07/22		911,250
	750,000	g	Russian Foreign Bond - Eurobond	3.250		04/04/17		796,875
	320,000	g	Russian Foreign Bond - Eurobond	5.000		04/29/20		377,600
	220,000	g	Russian Foreign Bond - Eurobond	4.500		04/04/22		251,900
	1,000,000	g	Slovakia Government International Bond	4.375		05/21/22		1,089,320
	1,500,000	g	Slovenia Government International Bond	5.500		10/26/22		1,575,000
	400,000		South Africa Government International Bond	5.875		05/30/22		495,444
	750,000		South Africa Government International Bond	4.665		01/17/24		847,500
	1,460,000	g	Sri Lanka Government International Bond	5.875		07/25/22		1,554,900
	465,000		Turkey Government International Bond	6.750		05/30/40		630,075
	152,000		United Mexican States	5.875		02/17/14		159,600
	300,000		United Mexican States	5.950		03/19/19		369,000
	500,000		United Mexican States	5.125		01/15/20		597,500
	1,000,000		Uruguay Government International Bond	4.125		11/20/45		998,500

			TOTAL FOREIGN GOVERNMENT BONDS					65,446,172

124

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

MORTGAGE BACKED - 21.8%
$	337,458	i	Federal Home Loan Mortgage Corp (FHLMC)	2.386	%	02/01/36	$	357,890
	1,113,787	i	FHLMC	2.850		07/01/36		1,191,155
	234,243	i	FHLMC	2.605		09/01/36		249,930
	338,951	i	FHLMC	2.637		09/01/36		362,176
	116,412	i	FHLMC	5.770		02/01/37		125,388
	446,164	i	FHLMC	2.890		03/01/37		477,009
	44,505	i	FHLMC	5.925		04/01/37		48,343
	19,670	i	FHLMC	5.921		05/01/37		21,247
	733,391	i	FHLMC	2.760		06/01/37		782,307
	261,463	i	FHLMC	3.407		08/01/37		277,188
	25,327		Federal Home Loan Mortgage Corp Gold (FGLMC)	6.500		12/01/16		27,273
	413,545		FGLMC	5.500		01/01/19		449,997
	74,649		FGLMC	4.500		01/01/20		79,567
	508,351		FGLMC	4.500		07/01/20		552,326
	145,444		FGLMC	4.500		09/01/20		155,253
	167,650		FGLMC	5.000		10/01/20		180,554
	210,299		FGLMC	5.500		10/01/20		226,437
	23,172		FGLMC	7.000		10/01/20		26,997
	130,559		FGLMC	4.500		06/01/21		139,364
	232,449		FGLMC	5.500		08/01/21		250,868
	80,342		FGLMC	5.000		04/01/23		86,163
	94,529		FGLMC	4.500		09/01/24		100,579
	54,224		FGLMC	6.500		01/01/29		61,779
	4,465		FGLMC	8.000		01/01/31		5,479
	159,703		FGLMC	6.000		03/01/33		177,589
	946,926		FGLMC	5.500		12/01/33		1,031,526
	887,686		FGLMC	7.000		12/01/33		1,052,018
	646,190		FGLMC	5.000		01/01/34		701,801
	283,404		FGLMC	5.000		05/01/34		306,377
	373,710		FGLMC	4.500		10/01/34		402,193
	205,990		FGLMC	5.500		12/01/34		228,062
	497,951		FGLMC	5.500		03/01/35		540,572
	331,919		FGLMC	6.000		04/01/35		363,492
	368,139		FGLMC	7.000		05/01/35		436,291
	532,689		FGLMC	5.500		06/01/35		578,694
	603,313		FGLMC	5.500		06/01/35		655,277
	79,948		FGLMC	5.000		02/01/36		86,329
	167,846		FGLMC	5.500		04/01/36		185,832
	15,664		FGLMC	6.500		05/01/36		17,816
	185,089		FGLMC	6.500		10/01/36		210,518
	364,609		FGLMC	5.500		04/01/37		393,879
	237,634		FGLMC	6.000		08/01/37		258,899
	36,400		FGLMC	6.000		09/01/37		40,045
	162,991		FGLMC	6.500		11/01/37		185,502
	596,718		FGLMC	5.000		04/01/38		656,873
	285,460		FGLMC	6.000		11/01/38		310,651
	428,540		FGLMC	4.000		06/01/39		457,625
	398,826		FGLMC	4.500		11/01/40		447,669
	2,765,219		FGLMC	4.000		12/01/40		3,028,936
	3,163,766		FGLMC	4.000		12/01/40		3,512,948
	1,187,422		FGLMC	4.000		12/01/40		1,318,477

125

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	449,942		FGLMC	4.500	%	12/01/40	$	503,077
	5,039,700		FGLMC	4.000		01/01/41		5,449,462
	3,000,000	h	FGLMC	3.500		01/15/43		3,190,078
	3,000,000	h	FGLMC	4.000		01/15/43		3,202,500
	9,000,000	h	FGLMC	4.500		01/15/43		9,656,719
	3,000,000	h	FGLMC	5.000		01/15/43		3,227,813
	1,268		Federal National Mortgage Association (FNMA)	5.000		06/01/13		1,310
	1,799,244		FNMA	4.801		02/01/14		1,841,831
	2,602,761		FNMA	4.640		11/01/14		2,739,791
	353,573		FNMA	4.564		01/01/15		368,341
	38,055		FNMA	6.500		10/01/16		40,713
	27,492		FNMA	6.500		11/01/16		29,413
	115,909		FNMA	5.000		12/01/17		125,963
	37,907		FNMA	6.500		02/01/18		41,240
	115,191		FNMA	5.500		04/01/18		124,020
	63,435		FNMA	5.500		05/01/18		68,296
	52,208		FNMA	6.000		01/01/19		57,027
	939,793		FNMA	4.000		02/25/19		988,712
	308,627		FNMA	4.500		04/01/19		332,842
	78,025		FNMA	4.500		06/01/19		84,147
	120,163		FNMA	5.000		03/01/20		130,586
	39,724		FNMA	4.500		11/01/20		42,840
	43,842		FNMA	4.500		12/01/20		48,172
	109,618		FNMA	5.000		12/01/20		119,127
	192,728		FNMA	5.000		03/01/21		209,445
	19,940		FNMA	8.000		03/01/23		22,741
	217,022		FNMA	5.500		02/01/24		237,971
	196,766		FNMA	4.000		05/01/24		210,821
	496,024		FNMA	5.500		07/01/24		543,905
	214,166		FNMA	4.500		08/01/24		230,468
	1,000,600		FNMA	5.000		10/01/25		1,097,031
	10,547		FNMA	9.000		11/01/25		12,970
	4,722,614		FNMA	3.000		05/01/27		5,074,006
	2,488,537		FNMA	2.500		10/01/27		2,613,872
	3,000,000	h	FNMA	2.500		01/25/28		3,136,875
	12,000,000	h	FNMA	3.000		01/25/28		12,665,626
	1,000,000	h	FNMA	4.000		01/25/28		1,070,781
	9,839		FNMA	7.500		01/01/29		11,821
	230,224		FNMA	7.000		07/01/32		274,766
	46,823		FNMA	5.000		02/01/33		51,014
	312,019		FNMA	4.500		03/25/33		323,927
	137,058		FNMA	5.000		07/01/33		149,325
	441,611		FNMA	5.500		07/01/33		485,343
	350,161		FNMA	4.500		08/01/33		380,122
	417,686		FNMA	4.500		10/01/33		453,425
	143,944		FNMA	5.000		10/01/33		156,827
	225,762		FNMA	5.000		10/01/33		245,967
	558,350		FNMA	5.000		11/01/33		632,400
	365,652		FNMA	5.000		11/01/33		405,118
	132,848		FNMA	5.500		12/01/33		146,959
	334,836		FNMA	5.500		12/01/33		367,994
	84,574		FNMA	5.000		03/01/34		92,143

126

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	69,779		FNMA	5.000	%	03/01/34	$	76,024
	689,690		FNMA	5.000		03/01/34		751,416
	362,177		FNMA	5.000		03/01/34		394,591
	80,743		FNMA	5.000		03/01/34		87,969
	586,265		FNMA	5.000		04/01/34		637,269
	1,281,458		FNMA	5.000		08/01/34		1,392,680
	271,432		FNMA	6.000		08/01/34		303,189
	108,059		FNMA	6.000		12/01/34		120,668
	171,493		FNMA	5.500		01/01/35		188,020
	442,291		FNMA	5.500		02/01/35		486,090
	174,002		FNMA	6.000		04/01/35		193,490
	1,718,624		FNMA	5.500		05/01/35		1,944,673
	1,373,528		FNMA	5.500		05/01/35		1,561,055
	581,297		FNMA	6.000		05/01/35		647,709
	22,466		FNMA	7.500		06/01/35		25,000
	269,681		FNMA	6.000		07/01/35		297,116
	308,828		FNMA	5.000		08/01/35		335,309
	80,244		FNMA	5.000		10/01/35		87,124
	981,706		FNMA	5.000		10/01/35		1,065,885
	191,794		FNMA	5.500		12/01/35		209,598
	247,994		FNMA	5.000		02/01/36		269,712
	252,787		FNMA	6.000		03/01/36		276,754
	618,261		FNMA	6.000		04/01/36		676,879
	248,999		FNMA	6.500		04/01/36		295,668
	375,706	i	FNMA	2.760		07/01/36		401,793
	491,185	i	FNMA	3.008		09/01/36		526,648
	187,590		FNMA	6.500		09/01/36		211,057
	164,875		FNMA	6.000		12/01/36		180,507
	106,480		FNMA	7.000		02/01/37		126,736
	287,594		FNMA	6.500		03/01/37		323,219
	29,725		FNMA	7.000		04/01/37		35,380
	86,843		FNMA	6.500		08/01/37		97,587
	105,747		FNMA	6.500		08/01/37		118,929
	54,202		FNMA	6.000		09/01/37		61,898
	45,357		FNMA	6.000		09/01/37		50,874
	64,102		FNMA	6.000		09/01/37		73,205
	37,794		FNMA	6.000		09/01/37		43,161
	72,699		FNMA	6.500		09/01/37		81,694
	212,256		FNMA	6.500		09/01/37		238,346
	66,768		FNMA	6.500		09/01/37		74,798
	279,100		FNMA	6.500		09/01/37		313,344
	141,082		FNMA	6.500		09/01/37		167,666
	108,870	i	FNMA	2.481		10/01/37		116,982
	2,189,645		FNMA	6.000		11/01/37		2,397,246
	69,478		FNMA	6.000		11/01/37		76,065
	321,522		FNMA	6.000		11/01/38		351,303
	173,903		FNMA	5.500		01/01/39		188,951
	156,886		FNMA	6.000		01/01/39		171,418
	229,816		FNMA	6.000		01/01/39		251,103
	585,885		FNMA	4.500		02/01/39		633,087
	320,684		FNMA	4.500		02/01/39		346,520
	190,314		FNMA	5.500		02/01/39		206,782

127

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	5,630,362		FNMA	6.000	%	04/01/39	$	6,164,180
	260,038		FNMA	4.500		05/01/39		280,988
	366,838		FNMA	4.500		08/01/39		396,392
	851,960		FNMA	5.500		08/01/39		945,492
	3,000,000		FNMA	4.000		02/25/40		3,248,451
	1,314,133		FNMA	4.500		09/01/40		1,424,112
	1,284,242		FNMA	4.500		09/01/40		1,391,720
	4,003,115		FNMA	4.500		10/01/40		4,410,690
	1,272,959		FNMA	4.000		11/01/40		1,365,960
	1,525,057		FNMA	4.500		11/01/40		1,674,611
	1,991,810		FNMA	3.500		10/01/42		2,152,638
	13,000,000	h	FNMA	3.000		01/25/43		13,621,563
	22,000,000	h	FNMA	3.500		01/25/43		23,454,922
	16,000,000	h	FNMA	4.000		01/25/43		17,150,000
	11,000,000	h	FNMA	4.500		01/25/43		11,882,148
	13,000,000	h	FNMA	5.000		01/25/43		14,080,625
	2,000,000	h	FNMA	5.500		01/25/43		2,172,812
	4,000,000	h	FNMA	6.000		01/25/43		4,368,750
	24,370		Government National Mortgage Association (GNMA)	7.500		11/15/23		28,805
	4,467		GNMA	7.500		08/15/28		4,592
	23,007		GNMA	6.500		12/15/28		26,389
	67,822		GNMA	6.500		03/15/29		78,519
	23,658		GNMA	8.500		10/20/30		29,646
	7,535		GNMA	7.000		06/20/31		9,098
	141,001		GNMA	5.000		02/15/33		155,239
	107,865		GNMA	5.500		07/15/33		119,179
	830,774		GNMA	5.000		09/15/33		914,666
	167,039		GNMA	5.500		11/20/33		184,794
	667,896		GNMA	5.500		02/20/35		742,786
	233,136		GNMA	5.500		03/20/35		259,277
	113,268		GNMA	6.000		10/20/36		126,693
	116,692		GNMA	6.000		01/20/37		130,523
	174,032		GNMA	6.000		02/20/37		194,659
	316,917		GNMA	6.000		12/15/37		353,788
	210,933		GNMA	5.000		04/15/38		230,123
	202,673		GNMA	5.500		07/15/38		222,411
	273,266		GNMA	5.500		07/20/38		299,921
	112,819		GNMA	6.000		08/15/38		125,944
	107,031		GNMA	6.000		08/20/38		119,450
	494,154		GNMA	4.500		03/15/39		543,282
	170,879		GNMA	5.000		07/20/39		188,609
	208,781		GNMA	4.000		08/15/39		229,769
	6,707,333		GNMA	4.500		01/20/41		7,399,313
	3,000,000	h	GNMA	3.000		01/15/43		3,188,906
	6,000,000	h	GNMA	3.500		01/15/43		6,517,969
	9,000,000	h	GNMA	4.000		01/15/43		9,870,469
	3,000,000	h	GNMA	5.000		01/15/43		3,272,344
	1,000,000	h	GNMA	5.500		01/15/43		1,097,187
	5,000,000	h	GNMA	4.500		01/20/43		5,474,219
	3,000,000	h	GNMA	5.000		01/20/43		3,280,781

			TOTAL MORTGAGE BACKED					263,334,434

128

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

MUNICIPAL BONDS - 1.2%
$	1,000,000		American Municipal Power	6.270	%	02/15/50	$	1,195,610
	4,000,000		California State Department of Water Resources	3.237		12/01/27		4,046,600
	600,000		Grant County Public Utility District No 2	5.630		01/01/27		746,634
	375,000		Massachusetts Housing Finance Agency	1.306		06/01/16		373,954
	500,000		Massachusetts Housing Finance Agency	1.602		12/01/16		499,280
	400,000		Massachusetts Housing Finance Agency	1.776		06/01/17		400,208
	450,000		Massachusetts Housing Finance Agency	1.876		12/01/17		450,306
	250,000		Massachusetts Housing Finance Agency	2.807		12/01/19		250,795
	2,000,000		San Francisco Bay Area Rapid Transit District	3.477		07/01/27		2,018,500
	775,000		State of California	7.625		03/01/40		1,119,643
	775,000		State of Illinois	6.725		04/01/35		886,987
	2,740,000		Virginia Housing Development Authority	3.668		10/01/27		2,755,974

			TOTAL MUNICIPAL BONDS					14,744,491


U.S. TREASURY SECURITIES - 7.1%
	3,302,000	l	United States Treasury Bond	8.000		11/15/21		5,098,754
	3,902,500		United States Treasury Bond	5.250		02/15/29		5,404,354
	742,500		United States Treasury Bond	4.750		02/15/41		1,023,606
	14,130,000		United States Treasury Bond	4.375		05/15/41		18,408,734
	7,412,000		United States Treasury Bond	2.750		08/15/42		7,157,213
	830,000		United States Treasury Note	0.125		12/31/13		829,481
	200,000		United States Treasury Note	0.250		06/30/14		200,078
	1,895,000		United States Treasury Note	0.250		09/30/14		1,895,443
	1,500,000		United States Treasury Note	0.250		10/31/14		1,500,351
	2,886,000		United States Treasury Note	0.250		11/30/14		2,886,113
	2,887,000		United States Treasury Note	2.500		04/30/15		3,034,058
	9,502,000		United States Treasury Note	1.250		09/30/15		9,739,550
	7,412,000		United States Treasury Note	0.375		11/15/15		7,418,952
	1,000,000		United States Treasury Note	2.375		03/31/16		1,063,125
	8,929,000		United States Treasury Note	0.625		11/30/17		8,899,007
	530,000		United States Treasury Note	1.750		10/31/18		555,837
	205,000		United States Treasury Note	1.250		10/31/19		206,698
	7,500,000		United States Treasury Note	1.125		12/31/19		7,478,910
	280,000		United States Treasury Note	2.625		11/15/20		307,300
	3,238,000		United States Treasury Note	1.625		11/15/22		3,202,583

			TOTAL U.S. TREASURY SECURITIES					86,310,147


			TOTAL GOVERNMENT BONDS					436,063,711

			(Cost $417,944,089)

STRUCTURED ASSETS - 11.5%

ASSET BACKED - 4.6%
	2,573,944	g,m	ABSC Manufactured Housing Contract	5.019		04/16/30		2,666,863
			Series - 2004 OK1 (Class A3)
	555,411	i	Accredited Mortgage Loan Trust	4.330		06/25/33		478,020
			Series - 2003 1 (Class A1)
	1,412,344	i	Ameriquest Mortgage Securities	0.530		05/25/35		1,396,564
			Series - 0 R3 (Class A3D)
	50,000	g,i,m	ARTS Ltd	0.558		06/15/13		48,500
			Series - 2005 BA (Class B)

129

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	814,950	i	Bear Stearns Asset Backed Securities Trust	0.580	%	11/25/39	$	781,011
			Series - 2005 SD3 (Class 2A1)
	1,000,000	g,m	CCR, Inc	4.750		07/11/22		986,200
			Series - 2012 CA (Class C)
	756,539		Centex Home Equity	5.540		01/25/32		761,409
			Series - 2002 A (Class AF6)
	1,589,540	i	Countrywide Asset-Backed Certificates	5.216		10/25/17		1,551,868
			Series - 2002 S4 (Class A5)
	211,313	i	Countrywide Asset-Backed Certificates	0.630		02/25/36		210,532
			Series - 2005 11 (Class 3AV3)
	618,582	i	Countrywide Asset-Backed Certificates	5.513		08/25/36		612,839
			Series - 2006 S9 (Class A2)
	717,219	i	Countrywide Asset-Backed Certificates	0.270		11/25/37		714,658
			Series - 2007 8 (Class 2A1)
	366,303	i	Countrywide Asset-Backed Certificates	5.683		10/25/46		366,131
			Series - 2006 15 (Class A2)
	58,342	g,i	Credit-Based Asset Servicing and Securitization LLC	6.159		12/25/36		56,465
			Series - 2007 MX1 (Class A1)
	1,025,000	g,i	DB/UBS Mortgage Trust	5.557		11/10/46		1,201,919
			Series - 2011 LC1A (Class C)
	2,066,417	i	First Franklin Mortgage Loan Asset Backed Certificates	0.650		03/25/35		2,017,862
			Series - 2005 FF2 (Class M2)
	865,773	g,i	Flagstar Home Equity Loan Trust	5.781		01/25/35		851,462
			Series - 2007 1A (Class AF3)
	400,000		Ford Credit Auto Owner Trust	3.210		07/15/17		419,844
			Series - 2011 A (Class D)
	2,000,000	g	Ford Credit Floorplan Master Owner Trust	2.960		02/15/16		2,023,698
			Series - 2011 1 (Class D)
	2,281,431	g,i	GMAC Mortgage Corp Loan Trust	0.960		02/25/31		2,173,754
			Series - 2004 VF1 (Class A1)
	2,522,476	i	Greenpoint Mortgage Funding Trust	0.930		07/25/30		2,500,288
			Series - 2005 HE4 (Class 2A4C)
	1,220,983	i	Greenpoint Mortgage Funding Trust	0.340		04/25/47		1,169,423
			Series - 2007 AR2 (Class 1A1)
	771,769	i	HSI Asset Securitization Corp Trust	0.570		07/25/35		765,466
			Series - 2005 NC1 (Class 2A3)
	1,282,863		Lehman XS Trust	6.500		06/25/46		794,517
			Series - 2006 13 (Class 2A1)
	649,318	i	Long Beach Mortgage Loan Trust	0.960		02/25/35		642,436
			Series - 2005 1 (Class M1)
	1,684,572	i	Renaissance Home Equity Loan Trust	5.392		07/25/34		1,706,790
			Series - 2004 2 (Class AF4)
	1,235,000	i	Renaissance Home Equity Loan Trust	5.586		11/25/36		683,259
			Series - 2006 3 (Class AF3)
	2,000,000	g	Rental Car Finance Corp	4.380		02/25/16		2,096,164
			Series - 2011 1A (Class B1)
	333,627	i	Residential Asset Mortgage Products, Inc	4.970		09/25/33		343,360
			Series - 2003 RZ5 (Class A7)
	161,240	i	Residential Asset Securities Corp	6.489		10/25/30		157,147
			Series - 2001 KS2 (Class AI6)
	132,605	i	Residential Asset Securities Corp	0.640		04/25/35		129,662
			Series - 2005 KS3 (Class M3)

130

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	528		Residential Funding Mortgage Securities II Home Loan Trust	5.640	%	03/25/37	$	527
			Series - 2007 HI1 (Class A2)
	654,142		Residential Funding Mortgage Securities II, Inc	5.500		08/25/25		651,228
			Series - 2006 HI5 (Class A3)
	1,850,000	i	Residential Funding Mortgage Securities II, Inc	6.130		09/25/35		1,397,466
			Series - 2005 HI3 (Class M5)
	558,350		Residential Funding Mortgage Securities II, Inc	5.960		02/25/36		575,988
			Series - 2006 HI3 (Class A3)
	500,000	i	Residential Funding Mortgage Securities II, Inc	6.010		02/25/36		500,150
			Series - 2006 HI1 (Class M1)
	3,500,000	i	Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		3,482,269
			Series - 2006 HI1 (Class M2)
	454,921	i	SACO I, Inc	0.760		05/25/35		444,547
			Series - 2005 5 (Class 2M1)
	429,116	i	SACO I, Inc	0.770		09/25/35		421,785
			Series - 2005 7 (Class A)
	604,928	i	SACO I, Inc	0.770		11/25/35		584,024
			Series - 2005 8 (Class A1)
	1,867,128	i	SACO I, Inc	0.970		11/25/35		1,807,214
			Series - 2005 8 (Class A3)
	584,632	i	Saxon Asset Securities Trust	6.120		11/25/30		622,328
			Series - 2002 2 (Class AF6)
	740,211	i	Securitized Asset Backed Receivables LLC	0.510		10/25/35		712,046
			Series - 2006 OP1 (Class A2C)
	581,776	g	Sierra Receivables Funding Co LLC	3.420		03/20/29		596,066
			Series - 2012 2A (Class B)
	1,400,000	g	SLM Student Loan Trust	4.370		04/17/28		1,544,970
			Series - 2011 A (Class A2)
	590,000	g	SLM Student Loan Trust	3.740		02/15/29		639,565
			Series - 2011 B (Class A2)
	1,500,000	g	SLM Student Loan Trust	3.830		01/17/45		1,620,089
			Series - 2012 A (Class A2)
	1,266,364	i	Soundview Home Equity Loan Trust	0.510		11/25/35		1,226,553
			Series - 2005 OPT3 (Class A4)
	816,060	i	Structured Asset Investment Loan Trust	0.610		05/25/35		809,851
			Series - 2005 4 (Class M1)
	679,707	i	Structured Asset Investment Loan Trust	0.490		12/25/35		675,018
			Series - 2005 10 (Class A5)
	6,061,413	g,i	Structured Asset Securities Corp	0.360		07/25/36		5,733,303
			Series - 2006 EQ1A (Class A4)
	220,265	g,i	Terwin Mortgage Trust	1.080		02/25/35		220,191
			Series - 2005 1SL (Class M1)
	455,000	g	Vornado DP LLC	5.280		09/13/28		516,431
			Series - 2010 VNO (Class C)
	646,436	g,m	Wachovia Amortization Controlled Heloc NIM	5.683		08/12/47		622,195
			Series - 2006 N1 (Class N1)
	162,035	g,i	Wachovia Loan Trust	0.570		05/25/35		137,342
			Series - 2005 SD1 (Class A)
	98,207	i	Wells Fargo Home Equity Trust	0.350		07/25/36		96,988
			Series - 2006 2 (Class A3)
	200,000		World Financial Network Credit Card Master Trust	6.750		04/15/19		220,610
			Series - 2010 A (Class B)

			TOTAL ASSET BACKED					56,166,855

131

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

OTHER MORTGAGE BACKED - 6.9%
$	2,000,000	g	7 WTC Depositor LLC Trust	4.082	%	03/13/31	$	2,111,550
			Series - 2012 7WTC (Class A)
	4,300,000		Banc of America Commercial Mortgage, Inc	5.675		07/10/46		4,862,229
			Series - 2006 4 (Class AM)
	2,174,077	g,i	Banc of America Large Loan, Inc	5.898		02/15/51		2,529,467
			Series - 2010 UB3 (Class A4B3)
	2,620,000	i	Bear Stearns Commercial Mortgage Securities	5.582		09/11/41		2,926,668
			Series - 2006 PW13 (Class AM)
	2,100,000	i	Bear Stearns Commercial Mortgage Securities	5.568		10/12/41		2,355,274
			Series - 2006 T24 (Class AM)
	352,899		Chase Mortgage Finance Corp	5.500		10/25/35		357,097
			Series - 2005 S2 (Class A25)
	933,885		Citicorp Mortgage Securities, Inc	5.500		07/25/35		902,718
			Series - 2005 4 (Class 1A7)
	193,769		Citicorp Mortgage Securities, Inc	5.750		11/25/36		195,168
			Series - 2006 6 (Class A2)
	7,738		Citicorp Mortgage Securities, Inc	6.000		05/25/37		7,722
			Series - 2007 4 (Class 1A7)
	5,598	g,i	Citigroup Commercial Mortgage Trust	0.349		04/15/22		5,531
			Series - 2007 FL3A (Class A2)
	560,000	i	Commercial Mortgage Pass Through Certificates	5.650		12/10/49		640,305
			Series - 2007 C9 (Class AM)
	351,658		Countrywide Alternative Loan Trust	5.500		08/25/16		363,785
			Series - 2004 30CB (Class 1A15)
	3,359,553		Countrywide Alternative Loan Trust	5.000		04/25/20		3,436,571
			Series - 2005 6CB (Class 2A1)
	1,485,558		Countrywide Alternative Loan Trust	5.500		08/25/34		1,496,415
			Series - 2004 14T2 (Class A2)
	803,140	i	Countrywide Alternative Loan Trust	0.441		07/20/35		624,343
			Series - 2005 24 (Class 4A1)
	4,685,689	i	Countrywide Alternative Loan Trust	1.665		09/25/35		3,628,691
			Series - 2005 38 (Class A1)
	2,147,245	i	Countrywide Home Loan Mortgage Pass Through Trust	2.934		11/20/34		1,954,285
			Series - 2004 HYB6 (Class A2)
	85,064		Countrywide Home Loan Mortgage Pass Through Trust	5.250		05/25/35		85,434
			Series - 2005 12 (Class 1A5)
	564,009	i	Countrywide Home Loan Mortgage Pass Through Trust	0.510		08/25/35		559,974
			Series - 2005 J2 (Class 3A6)
	161,173		Countrywide Home Loan Mortgage Pass Through Trust	4.500		09/25/35		161,276
			Series - 2005 J3 (Class 2A3)
	1,027,393		Countrywide Home Loan Mortgage Pass Through Trust	5.250		09/25/35		1,027,760
			Series - 2005 17 (Class 1A10)
	8,260		Countrywide Home Loan Mortgage Pass Through Trust	5.500		09/25/35		8,249
			Series - 2005 J3 (Class 1A1)
	101,588	g,i	Credit Suisse Mortgage Capital Certificates	0.389		04/15/22		96,503
			Series - 2007 TF2A (Class A1)
	725,000	g	Credit Suisse Mortgage Capital Certificates	5.626		05/15/23		827,535
			Series - 2006 OMA (Class D)

132

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,400,000	g	Credit Suisse Mortgage Capital Certificates	5.383	%	02/15/40	$	2,508,895
			Series - 2009 RR1 (Class A3C)
	170,000		CS First Boston Mortgage Securities Corp	4.052		05/15/38		171,254
			Series - 2003 C3 (Class B)
	549,623	g,i	Deutsche Mortgage Securities, Inc	5.240		06/26/35		555,403
			Series - 2005 WF1 (Class 1A2)
	230,000	g	GS Mortgage Securities Corp II	2.933		06/05/31		242,438
			Series - 2012 SHOP (Class A)
	2,000,000	g	GS Mortgage Securities Corp II	4.049		04/10/34		2,172,284
			Series - 2012 ALOH (Class B)
	425,000	g,i,m	GS Mortgage Securities Corp II	4.276		04/10/34		443,784
			Series - 2012 GSMS (Class C)
	515,000	g,i	GS Mortgage Securities Corp II	5.227		12/10/43		599,447
			Series - 2010 C2 (Class B)
	305,000	g,i	GS Mortgage Securities Corp II	5.227		12/10/43		341,391
			Series - 2010 C2 (Class C)
	4,101,121	i	Harborview Mortgage Loan Trust	0.540		09/19/35		2,966,013
			Series - 2005 8 (Class 1A2A)
	3,653,501	i	Impac CMB Trust	0.460		05/25/35		3,055,098
			Series - 0 4 (Class 1A1B)
	3,038,321	i	Impac CMB Trust	0.850		08/25/35		2,485,465
			Series - 2005 5 (Class A1)
	116,742	i	JP Morgan Alternative Loan Trust	5.950		09/25/36		117,304
			Series - 2006 A4 (Class A1)
	518,333	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	0.584		07/15/19		504,813
			Series - 2007 FL1A (Class A1)
	2,220,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		05/15/45		2,494,012
			Series - 2006 LDP8 (Class AM)
	310,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp	5.252		07/15/46		341,506
			Series - 2011 C4 (Class C)
	3,353,919	i	JP Morgan Mortgage Trust	2.908		11/25/33		3,394,730
			Series - 2006 A2 (Class 5A3)
	26,399	i	JP Morgan Mortgage Trust	4.295		04/25/35		26,739
			Series - 2005 A2 (Class 5A1)
	56,520		MASTER Asset Securitization Trust	5.000		05/25/35		56,581
			Series - 2005 1 (Class 2A5)
	3,009,615	i	Merrill Lynch Mortgage Investors, Inc	2.729		12/25/35		2,995,692
			Series - 2005 A9 (Class 2A1B)
	241,897	i	Merrill Lynch Mortgage Trust	5.107		07/12/38		263,838
			Series - 2005 CIP1 (Class AM)
	1,000,000	i	Morgan Stanley Capital I	5.478		02/12/44		1,121,485
			Series - 2007 HQ11 (Class AM)
	82,000	g,i	Morgan Stanley Capital I	5.254		09/15/47		87,326
			Series - 2011 C1 (Class D)
	1,242,000	g,i	Morgan Stanley Capital I	5.254		09/15/47		1,393,520
			Series - 2011 C1 (Class C)
	125,000	i	Morgan Stanley Capital I	5.544		11/12/49		136,203
			Series - 2007 T25 (Class AM)
	390,698	i	Opteum Mortgage Acceptance Corp	0.610		02/25/35		388,553
			Series - 2005 1 (Class A4)
	57,983		RALI Trust	6.500		05/25/32		58,017
			Series - 2002 QS6 (Class A9)

133

TIAA-CREF FUNDS - Bond Plus Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	3,010,902		RALI Trust	4.250	%	12/26/33	$	3,066,977
			Series - 2003 QS22 (Class A5)
	588,376	i	RALI Trust	0.510		01/25/35		545,127
			Series - 2005 QA1 (Class A1)
	1,145,000	g,i	RBSCF Trust	4.646		04/15/24		1,224,968
			Series - 2010 MB1 (Class B)
	1,419,530		Residential Accredit Loans, Inc	4.350		03/25/34		1,456,507
			Series - 2004 QS4 (Class A1)
	2,517,855	i	Residential Accredit Loans, Inc	0.400		05/25/46		1,678,004
			Series - 2006 QO5 (Class 2A1)
	1,900,000		RFMSI Trust	5.500		03/25/35		1,984,455
			Series - 2005 S2 (Class A6)
	1,497,702	i	Sequoia Mortgage Trust	2.500		12/25/42		1,531,960
			Series - 2012 6 (Class A1)
	1,375,177	g,i	Springleaf Mortgage Loan Trust	2.667		09/25/57		1,391,385
			Series - 2012 1A (Class A)
	592,695	g,i	Springleaf Mortgage Loan Trust	2.220		10/25/57		610,535
			Series - 0 2A (Class A)
	19,634	i	Structured Adjustable Rate Mortgage Loan Trust	0.970		03/25/35		19,622
			Series - 2005 6XS (Class A3)
	2,870,240	i	Structured Adjustable Rate Mortgage Loan Trust	0.550		08/25/35		2,717,529
			Series - 2005 16XS (Class A1)
	1,526,152	i	Structured Asset Mortgage Investments, Inc	0.520		09/25/45		1,067,971
			Series - 2005 AR6 (Class 2A1)
	2,595,000		Wachovia Bank Commercial Mortgage Trust	5.383		12/15/43		2,768,203
			Series - 2007 C30 (Class AM)
	1,795,000	i	Wachovia Bank Commercial Mortgage Trust	5.968		06/15/45		2,027,298
			Series - 2006 C26 (Class AM)
	415,000		Wachovia Bank Commercial Mortgage Trust	5.500		04/15/47		479,216
			Series - 2007 C31 (Class A5)
	225,000		Wachovia Bank Commercial Mortgage Trust	5.339		11/15/48		252,342
			Series - 2006 C29 (Class AM)
	96,584		Wells Fargo Mortgage Backed Securities Trust	5.500		04/25/35		96,457
			Series - 2005 2 (Class 1A1)
	225,000	g,i	Wells Fargo Mortgage Backed Securities Trust	5.276		11/15/43		259,931
			Series - 2010 C1 (Class B)

			TOTAL OTHER MORTGAGE BACKED					83,264,828


			TOTAL STRUCTURED ASSETS					139,431,683

			(Cost $133,950,376)

			TOTAL BONDS					1,113,195,107

			(Cost $1,059,111,299)

SHARES			COMPANY

PREFERRED STOCKS - 0.1%

DIVERSIFIED FINANCIALS - 0.1%
	54,446		GMAC Capital Trust I	8.125		02/15/40		1,450,986

			TOTAL DIVERSIFIED FINANCIALS					1,450,986

			TOTAL PREFERRED STOCKS					1,450,986

			(Cost $1,361,150)

134

TIAA-CREF FUNDS - Bond Plus Fund

PRINCIPAL

ISSUER

RATE

MATURITY
DATE

VALUE

SHORT-TERM INVESTMENTS - 15.1%

GOVERNMENT AGENCY DEBT - 0.5%

6,000,000

Federal Home Loan Bank (FHLB)

0.040

02/13/13

5,999,713

TOTAL GOVERNMENT AGENCY DEBT

5,999,713

TREASURY DEBT - 14.6%

2,200,000

United States Treasury Bill

0.025

01/10/13

2,199,986

90,000,000

United States Treasury Bill

0.100

01/17/13

89,996,000

50,000,000

United States Treasury Bill

0.090

03/07/13

49,997,100

5,000,000

United States Treasury Bill

0.045

03/14/13

4,999,655

30,000,000

United States Treasury Bill

0.076

06/06/13

29,986,771

TOTAL TREASURY DEBT

177,179,512

TOTAL SHORT-TERM INVESTMENTS

183,179,225

(Cost $183,177,249)

TOTAL INVESTMENTS - 112.1%

1,356,794,584

(Cost $1,302,116,216)

OTHER ASSETS & LIABILITIES, NET - (12.1)%

(146,510,173

)

NET ASSETS - 100.0%

1,210,284,411

All or a portion of these securities have been segregated by the custodian to cover collateral requirements on mortgage dollar rolls.

All or a portion of these securities were purchased on a delayed delivery basis.

Floating or variable rate security. Coupon reflects the rate at period end.

All or a portion of these securities have been segregated by the custodian to cover collateral requirements on swap agreements.

Indicates a security that has been deemed illiquid.

Payment in Kind Bond.

135

TIAA-CREF FUNDS - High-Yield Fund

TIAA-CREF FUNDS
HIGH-YIELD FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BANK LOAN OBLIGATIONS - 11.3%

AUTOMOBILES & COMPONENTS - 1.0%
$	11,666,448	i	Allison Transmission Holdings, Inc	4.250	%	08/23/19	$	11,752,080
	8,889,501	i	Chrysler Group LLC	6.000		05/24/17		9,064,802

			TOTAL AUTOMOBILES & COMPONENTS					20,816,882


CAPITAL GOODS - 1.4%
	11,172,000	i	FMG Resources August 2006 Pty Ltd	5.250		10/18/17		11,255,790
	8,977,500	i	Generac Power Systems, Inc	6.250		05/30/18		9,164,501
	9,900,000	i	Sequa Corp	5.250		06/19/17		9,952,569
	825,000	h,i	Silver II Borrower Sarl	5.000		12/13/19		832,219

			TOTAL CAPITAL GOODS					31,205,079


COMMERCIAL & PROFESSIONAL SERVICES - 0.7%
	14,962,500	i	Pilot Corp	4.250		08/07/19		15,031,028

			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					15,031,028


CONSUMER DURABLES & APPAREL - 0.1%
	1,960,000	i	PVH Corp	3.250		12/19/19		1,969,251

			TOTAL CONSUMER DURABLES & APPAREL					1,969,251


CONSUMER SERVICES - 1.3%
	2,248,835	i	Burger King Corp	3.750		09/27/19		2,256,144
	5,400,000	h,i	MGM Resorts International	4.250		12/20/19		5,452,650
	12,500,000	i	Peninsula Gaming LLC	5.750		11/20/17		12,640,625
	3,860,253	i	Penn National Gaming, Inc	3.750		07/16/18		3,868,707
	2,149,613	i	Wendy’s International, Inc	4.750		05/15/19		2,170,442

			TOTAL CONSUMER SERVICES					26,388,568


DIVERSIFIED FINANCIALS - 0.2%
	2,693,250	i	Fox Acquisition Sub LLC	5.500		07/14/17		2,726,916

			TOTAL DIVERSIFIED FINANCIALS					2,726,916


ENERGY - 0.8%
	16,921,453	i	Arch Coal, Inc	5.750		05/16/18		17,072,223

			TOTAL ENERGY					17,072,223


FOOD, BEVERAGE & TOBACCO - 0.2%
	5,000,000	i	Del Monte Foods Co	4.500		03/08/18		5,003,150

			TOTAL FOOD, BEVERAGE & TOBACCO					5,003,150


HEALTH CARE EQUIPMENT & SERVICES - 1.9%
	10,945,000	i	Bausch & Lomb, Inc	5.250		05/17/19		11,023,147
	6,666,542	i	Biomet, Inc	3.967		07/25/17		6,698,941
	12,749,914	i	Capsugel Holdings US, Inc	4.750		08/01/18		12,873,461

136

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	8,000,000	h,i	DaVita, Inc	4.000	%	11/01/19	$	8,042,480

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					38,638,029


INSURANCE - 0.7%
	14,100,000	h,i	Compass Investors, Inc	5.250		11/29/19		14,053,047

			TOTAL INSURANCE					14,053,047


MEDIA - 0.5%
	5,472,500	i	MTL Publishing LLC	5.500		06/29/18		5,534,066
	4,932,630	i	Univision Communications, Inc	4.466		03/31/17		4,847,099

			TOTAL MEDIA					10,381,165


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.6%
	5,000,000	i	NBTY, Inc	4.250		10/01/17		5,044,350
	5,000,000	i	Valeant Pharmaceuticals International, Inc	4.250		12/11/19		5,023,950
	4,000,000	i	Valeant Pharmaceuticals International, Inc	4.250		02/13/19		4,022,120

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					14,090,420


RETAILING - 0.6%
	13,939,937	i	Academy Ltd	4.750		08/03/18		14,012,146

			TOTAL RETAILING					14,012,146


SOFTWARE & SERVICES - 0.9%
	6,433,639	i,m	IMS Health, Inc	4.500		08/26/17		6,477,838
	4,987,500	i	Lawson Software, Inc	5.250		04/05/18		5,028,447
	3,850,000	h,i	RP Crown Parent LLC	11.250		12/14/19		3,872,445
	4,025,000	h,i	RP Crown Parent LLC	6.750		12/14/18		4,019,969

			TOTAL SOFTWARE & SERVICES					19,398,699


TELECOMMUNICATION SERVICES - 0.2%
	3,955,125	i	Windstream Corp	4.000		08/08/19		3,977,392

			TOTAL TELECOMMUNICATION SERVICES					3,977,392


UTILITIES - 0.2%
	4,488,750	i	Calpine Corp	4.500		10/09/19		4,525,019

			TOTAL UTILITIES					4,525,019


			TOTAL BANK LOAN OBLIGATIONS					239,289,014

			(Cost $236,713,074)

BONDS - 85.1%

CORPORATE BONDS - 85.1%

AUTOMOBILES & COMPONENTS - 0.9%
	5,000,000		DaimlerChrysler Group LLC	8.000		06/15/19		5,450,000
	6,000,000		Delphi Corp	5.875		05/15/19		6,435,000
	5,550,000		Ford Motor Co	7.450		07/16/31		7,048,500

			TOTAL AUTOMOBILES & COMPONENTS					18,933,500

137

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BANKS - 1.2%
$	1,683,000	g	Alfa Bond Issuance plc for OJSC Alfa Bank	7.750	%	04/28/21	$	1,863,923
	2,600,000	i	JPMorgan Chase & Co	7.900		04/29/49		2,945,826
	1,800,000		Regions Bank	7.500		05/15/18		2,171,250
	900,000		Regions Bank	6.450		06/26/37		948,636
	450,000		Regions Financial Corp	7.375		12/10/37		492,750
	9,250,000		Royal Bank of Scotland Group plc	6.125		12/15/22		9,763,208
	4,000,000	i	Royal Bank of Scotland Group plc	7.640		12/30/49		3,600,000
	4,000,000	i	Royal Bank of Scotland Group plc	7.648		12/30/49		4,040,000

			TOTAL BANKS					25,825,593


CAPITAL GOODS - 7.3%
	3,175,000		Access Midstream Partners LP	4.875		05/15/23		3,222,625
	2,875,000		Alliant Techsystems, Inc	6.875		09/15/20		3,158,906
	11,900,000	g,o	Alphabet Holding Co, Inc	7.750		11/01/17		12,257,000
	2,300,000		Anixter, Inc	5.625		05/01/19		2,420,750
	4,250,000		Case New Holland, Inc	7.875		12/01/17		5,025,625
	2,160,000	g	Cemex Finance LLC	9.375		10/12/22		2,430,000
	4,000,000		Chesapeake Midstream Partners LP	6.125		07/15/22		4,310,000
	14,000,000	g,o	EPE Holdings LLC	8.125		12/15/17		13,877,500
	3,610,000	g	FMG Resources August 2006 Pty Ltd	7.000		11/01/15		3,790,500
	3,250,000	g	FMG Resources August 2006 Pty Ltd	8.250		11/01/19		3,461,250
	6,300,000	g	FMG Resources August 2006 Pty Ltd	6.875		04/01/22		6,441,750
	8,250,000		Huntington Ingalls Industries, Inc	6.875		03/15/18		8,971,875
	2,350,000		Huntington Ingalls Industries, Inc	7.125		03/15/21		2,555,625
	4,450,000	g	Hyva Global BV	8.625		03/24/16		4,227,500
	3,700,000	g	Rexel S.A.	6.125		12/15/19		3,885,000
	3,375,000	g	Schaeffler Finance BV	7.750		02/15/17		3,746,250
	8,275,000	g	Schaeffler Finance BV	8.500		02/15/19		9,350,750
	3,000,000		Seagate HDD Cayman	7.750		12/15/18		3,296,250
	5,000,000		Seagate HDD Cayman	6.875		05/01/20		5,318,750
	11,975,000		Seagate HDD Cayman	7.000		11/01/21		12,843,188
	3,158,000	g	Sealed Air Corp	8.125		09/15/19		3,552,750
	1,600,000	g	Sealed Air Corp	6.500		12/01/20		1,728,000
	4,158,000	g	Sealed Air Corp	8.375		09/15/21		4,750,515
	1,750,000	g	Silver II Borrower	7.750		12/15/20		1,811,250
	2,250,000		SPX Corp	6.875		09/01/17		2,508,750
	7,574,000		Tomkins LLC	9.000		10/01/18		8,482,880
	4,250,000		TransDigm, Inc	7.750		12/15/18		4,701,562
	2,000,000	g	UR Financing Escrow Corp	5.750		07/15/18		2,155,000
	1,000,000	g	UR Financing Escrow Corp	7.375		05/15/20		1,097,500
	4,700,000		UR Merger Sub Corp	8.250		02/01/21		5,299,250
	2,825,000	g	UR Merger Sub Corp	7.625		04/15/22		3,156,938

			TOTAL CAPITAL GOODS					153,835,489


COMMERCIAL & PROFESSIONAL SERVICES - 2.2%
	2,500,000	g	American Achievement Corp	10.875		04/15/16		2,137,500
	8,150,000		Clean Harbors, Inc	5.250		08/01/20		8,496,375
	1,925,000	g	Clean Harbors, Inc	5.125		06/01/21		1,992,375
	4,700,000		Iron Mountain, Inc	5.750		08/15/24		4,758,750
	5,450,000		RR Donnelley & Sons Co	5.500		05/15/15		5,627,125
	4,025,000		RR Donnelley & Sons Co	8.250		03/15/19		4,065,250

138

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	4,000,000	g	Scientific Games International, Inc	6.250	%	09/01/20	$	4,130,000
	2,700,000		ServiceMaster Co	8.000		02/15/20		2,814,750
	9,700,000	g	ServiceMaster Co	7.000		08/15/20		9,724,250
	3,334,000		Visant Corp	10.000		10/01/17		2,992,265

			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					46,738,640


CONSUMER DURABLES & APPAREL - 1.8%
	4,450,000		DR Horton, Inc	4.375		09/15/22		4,539,000
	3,525,000		Hanesbrands, Inc	6.375		12/15/20		3,877,500
	3,900,000		Levi Strauss & Co	6.875		05/01/22		4,182,750
	9,470,000		Libbey Glass, Inc	6.875		05/15/20		10,180,250
	6,500,000		Masco Corp	5.950		03/15/22		7,205,198
	4,000,000		Phillips-Van Heusen Corp	7.375		05/15/20		4,485,000
	2,935,000		PVH Corp	4.500		12/15/22		2,964,350

			TOTAL CONSUMER DURABLES & APPAREL					37,434,048


CONSUMER SERVICES - 3.8%
	10,526,000		Ameristar Casinos, Inc	7.500		04/15/21		11,407,552
	6,500,000	g	Boyd Gaming Corp	9.000		07/01/20		6,402,500
	2,750,000		Burger King Corp	9.875		10/15/18		3,148,750
	1,000,000		Caesars Entertainment Operating Co, Inc	11.250		06/01/17		1,071,250
	9,750,000		DineEquity, Inc	9.500		10/30/18		11,078,437
	750,000		Harrahs Operating Co, Inc	12.750		04/15/18		553,125
	3,479,000		Marina District Finance Co, Inc	9.500		10/15/15		3,374,630
	6,000,000		MGM Resorts International	6.625		07/15/15		6,435,000
	1,000,000		MGM Resorts International	10.000		11/01/16		1,157,500
	3,500,000		MGM Resorts International	11.375		03/01/18		4,235,000
	4,250,000	g	MGM Resorts International	6.750		10/01/20		4,340,313
	9,525,000		MGM Resorts International	6.625		12/15/21		9,525,000
	14,435,000	g	Six Flags Entertainment Corp	5.250		01/15/21		14,435,000
	3,500,000		Speedway Motorsports, Inc	6.750		02/01/19		3,710,000

			TOTAL CONSUMER SERVICES					80,874,057


DIVERSIFIED FINANCIALS - 4.6%
	6,000,000		CIT Group, Inc	4.250		08/15/17		6,178,452
	4,000,000		CIT Group, Inc	5.000		08/15/22		4,265,264
	2,000,000		CIT Group, Inc	5.000		05/15/17		2,120,000
	4,650,000		CIT Group, Inc	5.250		03/15/18		4,975,500
	2,000,000	g	CIT Group, Inc	6.625		04/01/18		2,260,000
	4,500,000	g	CIT Group, Inc	5.500		02/15/19		4,905,000
	2,000,000		CIT Group, Inc	5.375		05/15/20		2,185,000
	1,600,000		CNH Capital LLC	6.250		11/01/16		1,764,000
	2,000,000		General Motors Acceptance Corp LLC	8.000		11/01/31		2,525,000
	4,500,000	g	General Motors Financial Co, Inc	4.750		08/15/17		4,731,705
	7,000,000		GMAC, Inc	8.000		03/15/20		8,575,000
	4,000,000		GMAC, Inc	7.500		09/15/20		4,830,000
	7,000,000		GMAC, Inc	8.000		11/01/31		8,863,750
	5,232,000		International Lease Finance Corp	8.625		09/15/15		5,879,460
	4,275,000	g	International Lease Finance Corp	6.750		09/01/16		4,798,687
	2,232,000		International Lease Finance Corp	8.750		03/15/17		2,577,960
	8,000,000		International Lease Finance Corp	6.250		05/15/19		8,520,000
	3,600,000		International Lease Finance Corp	8.250		12/15/20		4,293,000
	14,000,000		International Lease Finance Corp	5.875		08/15/22		14,828,968

			TOTAL DIVERSIFIED FINANCIALS					99,076,746

139

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

ENERGY - 11.8%
$	1,000,000		Arch Coal, Inc	8.750	%	08/01/16	$	1,040,000
	5,000,000		Arch Coal, Inc	7.000		06/15/19		4,650,000
	2,150,000	g	Ashland, Inc	4.750		08/15/22		2,236,000
	3,855,000		Bill Barrett Corp	7.625		10/01/19		4,067,025
	3,500,000		Chaparral Energy, Inc	8.250		09/01/21		3,797,500
	7,400,000		Chaparral Energy, Inc	7.625		11/15/22		7,770,000
	8,721,000		Cimarex Energy Co	5.875		05/01/22		9,549,495
	4,200,000		Cloud Peak Energy Resources LLC	8.250		12/15/17		4,494,000
	1,000,000		Cloud Peak Energy Resources LLC	8.500		12/15/19		1,097,500
	11,450,000		Concho Resources, Inc	5.500		04/01/23		11,993,875
	3,090,000		Consol Energy Inc	8.000		04/01/17		3,344,925
	1,500,000		Consol Energy Inc	8.250		04/01/20		1,623,750
	1,820,000		Continental Resources, Inc	7.125		04/01/21		2,056,600
	5,195,000		Continental Resources, Inc	5.000		09/15/22		5,597,613
	5,840,000	g	Crosstex Energy LP	7.125		06/01/22		6,088,200
	6,800,000		Crosstex Energy, Inc	8.875		02/15/18		7,344,000
	7,700,000	g	Drill Rigs Holdings, Inc	6.500		10/01/17		7,661,500
	923,000		EP Energy LLC	6.875		05/01/19		1,001,455
	9,250,000		EP Energy LLC	9.375		05/01/20		10,429,375
	3,780,000		EP Energy LLC	7.750		09/01/22		4,006,800
	13,300,000	g	Halcon Resources Corp	8.875		05/15/21		14,098,000
	6,750,000	g	Linn Energy LLC	6.500		05/15/19		6,817,500
	2,000,000	g	Linn Energy LLC	6.250		11/01/19		2,010,000
	875,000		Linn Energy LLC	8.625		04/15/20		953,750
	1,000,000		Linn Energy LLC	7.750		02/01/21		1,065,000
	2,560,000		MarkWest Energy Partners LP	6.750		11/01/20		2,790,400
	4,500,000		MarkWest Energy Partners LP	6.250		06/15/22		4,905,000
	2,800,000		Newfield Exploration Co	6.875		02/01/20		2,996,000
	3,000,000		Newfield Exploration Co	5.750		01/30/22		3,300,000
	1,000,000		Peabody Energy Corp	6.500		09/15/20		1,072,500
	3,000,000		Peabody Energy Corp	4.750		12/15/41		2,889,375
	4,500,000		Plains Exploration & Production Co	7.625		04/01/20		5,017,500
	16,475,000		Plains Exploration & Production Co	6.500		11/15/20		18,246,063
	2,665,000		Precision Drilling Corp	6.500		12/15/21		2,838,225
	4,841,000		Precision Drilling Trust	6.625		11/15/20		5,204,075
	1,000,000		Range Resources Corp	6.750		08/01/20		1,085,000
	6,000,000		Range Resources Corp	5.000		08/15/22		6,270,000
	2,490,000		Regency Energy Partners LP	6.875		12/01/18		2,714,100
	5,400,000		Regency Energy Partners LP	6.500		07/15/21		5,913,000
	1,925,000		Regency Energy Partners LP	5.500		04/15/23		2,054,937
	2,000,000		SandRidge Energy, Inc	8.750		01/15/20		2,190,000
	5,175,000		SandRidge Energy, Inc	7.500		03/15/21		5,537,250
	4,150,000		SandRidge Energy, Inc	7.500		02/15/23		4,440,500
	8,850,000		SESI LLC	7.125		12/15/21		9,845,625
	4,000,000		SM Energy Co	6.500		11/15/21		4,280,000
	5,795,000		SM Energy Co	6.500		01/01/23		6,200,650
	14,050,000		Tesoro Corp	5.375		10/01/22		14,963,250
	4,250,000		WPX Energy, Inc	5.250		01/15/17		4,505,000
	4,000,000		WPX Energy, Inc	6.000		01/15/22		4,310,000

			TOTAL ENERGY					248,362,313

140

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

FOOD & STAPLES RETAILING - 0.9%
$	3,939,000		New Albertsons, Inc	7.450	%	08/01/29	$	2,205,840
	3,730,000		New Albertsons, Inc	8.000		05/01/31		2,098,125
	5,500,000		Rite Aid Corp	7.500		03/01/17		5,651,250
	3,500,000		Rite Aid Corp	9.250		03/15/20		3,727,500
	2,000,000		Rite Aid Corp	8.000		08/15/20		2,285,000
	3,800,000		Stater Bros Holdings, Inc	7.375		11/15/18		4,104,000

			TOTAL FOOD & STAPLES RETAILING					20,071,715


FOOD, BEVERAGE & TOBACCO - 1.7%
	1,500,000		Constellation Brands, Inc	6.000		05/01/22		1,717,500
	400,000		Constellation Brands, Inc	4.625		03/01/23		418,000
	6,575,000		Del Monte Foods Co	7.625		02/15/19		6,854,438
	11,885,000	g	Post Holdings, Inc	7.375		02/15/22		13,021,503
	1,634,000		Smithfield Foods, Inc	7.750		07/01/17		1,903,610
	5,509,000		Smithfield Foods, Inc	6.625		08/15/22		6,087,445
	5,000,000	g	USJ Acucar e Alcool S.A.	9.875		11/09/19		5,325,000

			TOTAL FOOD, BEVERAGE & TOBACCO					35,327,496


HEALTH CARE EQUIPMENT & SERVICES - 5.3%
	1,644,000		Apria Healthcare Group, Inc	12.375		11/01/14		1,627,560
	1,625,000		CHS/Community Health Systems	5.125		08/15/18		1,694,063
	14,950,000		CHS/Community Health Systems	8.000		11/15/19		16,183,375
	5,047,000	g	Fresenius Medical Care Capital Trust	5.750		02/15/21		5,400,290
	5,000,000	g	Fresenius Medical Care II	5.625		07/31/19		5,368,750
	1,350,000	g	Fresenius Medical Care US Finance, Inc	6.500		09/15/18		1,508,625
	705,000		HCA Holdings, Inc	7.750		05/15/21		764,925
	4,000,000		HCA, Inc	6.500		02/15/16		4,350,000
	98,000		HCA, Inc	9.875		02/15/17		103,513
	8,000,000		HCA, Inc	6.500		02/15/20		9,000,000
	13,600,000		HCA, Inc	7.500		02/15/22		15,572,000
	6,800,000		HCA, Inc	5.875		03/15/22		7,395,000
	15,000,000		HCA, Inc	5.875		05/01/23		15,525,000
	900,000		HCA, Inc	7.500		11/06/33		904,500
	9,200,000	g	Kinetic Concepts, Inc	10.500		11/01/18		9,648,500
	8,000,000	g	Kinetic Concepts, Inc	12.500		11/01/19		7,610,000
	7,295,000		LifePoint Hospitals, Inc	6.625		10/01/20		7,878,600
	1,750,000		Tenet Healthcare Corp	6.875		11/15/31		1,575,000

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					112,109,701


HOUSEHOLD & PERSONAL PRODUCTS - 1.3%
	13,125,000	g	Reynolds Group Issuer, Inc	5.750		10/15/20		13,551,563
	1,750,000	g	Spectrum Brands Escrow Corp	6.375		11/15/20		1,837,500
	1,750,000	g	Spectrum Brands Escrow Corp	6.625		11/15/22		1,876,875
	5,686,000		Spectrum Brands Holdings, Inc	9.500		06/15/18		6,453,610
	3,000,000	g	Spectrum Brands, Inc	6.750		03/15/20		3,210,000

			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					26,929,548

141

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

INSURANCE - 0.9%
$	1,975,000		American Financial Group, Inc	9.875	%	06/15/19	$	2,564,026
	4,000,000	i	American International Group, Inc	8.175		05/15/58		5,210,000
	11,250,000	g	Onex USI Aquisition Corp	7.750		01/15/21		11,081,250

			TOTAL INSURANCE					18,855,276


MATERIALS - 7.2%
	4,750,000		ArcelorMittal	5.750		08/05/20		4,759,552
	4,750,000		ArcelorMittal	6.000		03/01/21		4,736,382
	1,800,000		ArcelorMittal	7.500		10/15/39		1,692,000
	1,900,000		ArcelorMittal	7.250		03/01/41		1,762,250
	480,000		Ball Corp	7.375		09/01/19		534,000
	2,500,000		Ball Corp	5.000		03/15/22		2,675,000
	5,375,000	g	Belden, Inc	5.500		09/01/22		5,522,813
	12,375,000	g	CommScope, Inc	8.250		01/15/19		13,550,625
	2,000,000		Crown Americas LLC	6.250		02/01/21		2,192,500
	11,775,000	g	Eldorado Gold Corp	6.125		12/15/20		11,981,062
	4,000,000		Graphic Packaging International, Inc	7.875		10/01/18		4,420,000
	1,260,000		Greif, Inc	6.750		02/01/17		1,404,900
	600,000		Greif, Inc	7.750		08/01/19		693,000
	9,425,000		Hexion US Finance Corp	6.625		04/15/20		9,589,937
	2,500,000		Lafarge S.A.	7.125		07/15/36		2,543,750
	4,090,000	g	Longview Fibre Paper & Packaging, Inc	8.000		06/01/16		4,294,500
	5,750,000		LyondellBasell Industries NV	5.000		04/15/19		6,353,750
	3,700,000		LyondellBasell Industries NV	6.000		11/15/21		4,338,250
	6,500,000		LyondellBasell Industries NV	5.750		04/15/24		7,637,500
	7,200,000	g	MPM Escrow LLC	8.875		10/15/20		7,272,000
	7,900,000		Rockwood Specialties Group, Inc	4.625		10/15/20		8,176,500
	6,028,000	g	Sappi Papier Holding AG.	6.625		04/15/21		5,952,650
	2,000,000	g	Sappi Papier Holding GmbH	7.750		07/15/17		2,180,000
	5,800,000	g	Sappi Papier Holding GmbH	8.375		06/15/19		6,336,500
	800,000	g	Steel Dynamics, Inc	6.125		08/15/19		848,000
	1,250,000		Steel Dynamics, Inc	7.625		03/15/20		1,381,250
	650,000	g	Steel Dynamics, Inc	6.375		08/15/22		689,000
	11,140,000	g	Tronox Finance LLC	6.375		08/15/20		11,251,400
	4,200,000		United States Steel Corp	7.500		03/15/22		4,420,500
	4,290,000	g	USG Corp	7.875		03/30/20		4,772,625
	6,750,000		Verso Paper Holdings LLC	11.750		01/15/19		7,087,500
	5,600,000		Verso Paper Holdings LLC	8.750		02/01/19		2,128,000

			TOTAL MATERIALS					153,177,696


MEDIA - 8.4%
	3,450,000		AMC Entertainment Holdings, Inc	9.750		12/01/20		3,984,750
	9,700,000		AMC Entertainment, Inc	8.750		06/01/19		10,742,750
	6,600,000		CCO Holdings LLC	7.000		01/15/19		7,119,750
	5,375,000		CCO Holdings LLC	8.125		04/30/20		6,020,000
	5,450,000		CCO Holdings LLC	6.500		04/30/21		5,879,188
	1,960,000		CCO Holdings LLC	6.625		01/31/22		2,141,300
	13,700,000		CCO Holdings LLC	5.125		02/15/23		13,665,750
	4,733,000		Cinemark USA, Inc	8.625		06/15/19		5,241,797
	1,000,000		Cinemark USA, Inc	7.375		06/15/21		1,105,000
	9,445,000	g	Cinemark USA, Inc	5.125		12/15/22		9,563,062

142

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	940,000		Clear Channel Worldwide Holdings, Inc	7.625	%	03/15/20	$	937,650
	13,110,000		Clear Channel Worldwide Holdings, Inc	7.625		03/15/20		13,208,325
	5,430,000	g	Clear Channel Worldwide Holdings, Inc	6.500		11/15/22		5,633,625
	2,010,000	g	Clear Channel Worldwide Holdings, Inc	6.500		11/15/22		2,065,275
	5,500,000	g	CSC Holdings LLC	6.750		11/15/21		6,098,125
	10,200,000		DISH DBS Corp	4.625		07/15/17		10,633,500
	8,000,000		DISH DBS Corp	6.750		06/01/21		9,120,000
	12,000,000		DISH DBS Corp	5.875		07/15/22		12,900,000
	5,000,000	g	DISH DBS Corp	5.000		03/15/23		5,000,000
	8,875,000		Lamar Media Corp	5.875		02/01/22		9,629,375
	8,000,000	g	Lamar Media Corp	5.000		05/01/23		8,220,000
	8,000,000	g	Nielsen Finance LLC	4.500		10/01/20		7,960,000
	2,000,000		Regal Entertainment Group	9.125		08/15/18		2,230,000
	8,638,000	g	Starz LLC	5.000		09/15/19		8,853,950
	2,000,000	g	Unitymedia Hessen GmbH & Co KG	7.500		03/15/19		2,200,000
	3,600,000	g	Unitymedia Hessen GmbH & Co KG	5.500		01/15/23		3,717,000
	2,700,000	g	WideOpenWest Finance LLC	10.250		07/15/19		2,868,750

			TOTAL MEDIA					176,738,922


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.3%
	7,933,000		Endo Health Solutions, Inc	7.250		01/15/22		8,508,143
	7,768,000		Endo Pharmaceuticals Holdings, Inc	7.000		07/15/19		8,282,630
	1,250,000		Endo Pharmaceuticals Holdings, Inc	7.000		12/15/20		1,332,812
	8,000,000	g	Valeant Pharmaceuticals International	7.250		07/15/22		8,740,000

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					26,863,585


REAL ESTATE - 0.7%
	5,500,000		Host Hotels & Resorts LP	5.875		06/15/19		5,995,000
	2,000,000		Host Hotels & Resorts LP	6.000		10/01/21		2,295,000
	2,275,000		Host Hotels & Resorts LP	4.750		03/01/23		2,411,500
	2,800,000		Weyerhaeuser Co	7.375		03/15/32		3,528,210

			TOTAL REAL ESTATE					14,229,710


RETAILING - 4.6%
	4,000,000		AmeriGas Finance LLC	7.000		05/20/22		4,450,000
	2,000,000		AmeriGas Partners LP	6.250		08/20/19		2,140,000
	5,000,000		Asbury Automotive Group, Inc	8.375		11/15/20		5,550,000
	2,000,000		AutoNation, Inc	6.750		04/15/18		2,260,000
	4,166,000		AutoNation, Inc	5.500		02/01/20		4,473,242
	6,080,000	g	Continental Rubber Of America Corp	4.500		09/15/19		6,222,236
	2,180,000		Ferrellgas LP	6.500		05/01/21		2,158,200
	10,838,000		Ferrellgas Partners LP	8.625		06/15/20		10,838,000
	5,650,000	g	HDTFS, Inc	5.875		10/15/20		5,904,250
	1,275,000		JC Penney Corp, Inc	5.650		06/01/20		1,106,062
	3,000,000		JC Penney Corp, Inc	6.375		10/15/36		2,250,000
	1,875,000		Limited Brands, Inc	7.000		05/01/20		2,156,250
	1,000,000		Limited Brands, Inc	6.625		04/01/21		1,145,000
	4,055,000		Limited Brands, Inc	5.625		02/15/22		4,409,813
	8,000,000	g,o	New Academy Finance Co LLC	8.000		06/15/18		8,100,000
	11,759,000	g	Penske Automotive Group, Inc	5.750		10/01/22		12,111,770
	4,600,000	g	QVC, Inc	7.500		10/01/19		5,075,267
	1,525,000	g	QVC, Inc	5.125		07/02/22		1,598,484

143

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	5,000,000		Sally Holdings LLC	6.875	%	11/15/19	$	5,525,000
	3,460,000		Sally Holdings LLC	5.750		06/01/22		3,754,100
	5,000,000	g	Sonic Automotive, Inc	7.000		07/15/22		5,475,000

			TOTAL RETAILING					96,702,674


SOFTWARE & SERVICES - 4.0%
	7,429,000		Fidelity National Information Services, Inc	5.000		03/15/22		7,967,603
	800,000	g	First Data Corp	7.375		06/15/19		828,000
	4,800,000	g	IMS Health, Inc	12.500		03/01/18		5,808,000
	2,000,000	g	IMS Health, Inc	6.000		11/01/20		2,095,000
	7,000,000		Infor US, Inc	9.375		04/01/19		7,857,500
	9,225,000	g	NCR Corp	4.625		02/15/21		9,225,000
	1,625,000	g	NCR Corp	5.000		07/15/22		1,651,406
	8,600,000	g	Sophia LP	9.750		01/15/19		9,266,500
	21,200,000	g	SPL Logistics Escrow LLC	8.875		08/01/20		22,472,000
	4,500,000		SunGard Data Systems, Inc	4.500		12/14/19		4,533,750
	5,000,000		SunGard Data Systems, Inc	7.375		11/15/18		5,356,250
	5,580,000	g	SunGard Data Systems, Inc	6.625		11/01/19		5,705,550
	2,000,000		SunGard Data Systems, Inc	7.625		11/15/20		2,185,000

			TOTAL SOFTWARE & SERVICES					84,951,559


TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
	3,880,000		Brocade Communications Systems, Inc	6.625		01/15/18		4,006,100
	2,500,000		Scientific Games Corp	8.125		09/15/18		2,750,000
	5,611,000		Scientific Games Corp	9.250		06/15/19		6,242,237

			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					12,998,337


TELECOMMUNICATION SERVICES - 7.0%
	6,000,000		CenturyLink, Inc	6.450		06/15/21		6,629,994
	5,000,000		CenturyTel, Inc	7.600		09/15/39		5,190,010
	1,300,000		Citizens Communications Co	7.125		03/15/19		1,413,750
	2,750,000		Citizens Communications Co	9.000		08/15/31		3,025,000
	3,505,000	g	Crown Castle International Corp	5.250		01/15/23		3,750,350
	2,000,000		Frontier Communications Corp	7.125		01/15/23		2,120,000
	11,750,000		Intelsat Bermuda Ltd	11.250		02/04/17		12,425,625
	3,000,000		Intelsat Jackson Holdings S.A.	7.250		04/01/19		3,225,000
	5,000,000		Intelsat Jackson Holdings S.A.	8.500		11/01/19		5,600,000
	6,000,000		Intelsat Jackson Holdings S.A.	7.250		10/15/20		6,525,000
	5,000,000		Qwest Corp	6.750		12/01/21		5,859,835
	9,724,000		Sprint Capital Corp	6.900		05/01/19		10,599,160
	9,807,000		Sprint Capital Corp	6.875		11/15/28		10,199,280
	6,800,000		Sprint Capital Corp	8.750		03/15/32		8,313,000
	6,650,000		Sprint Nextel Corp	6.000		12/01/16		7,231,875
	4,500,000	g	Sprint Nextel Corp	9.000		11/15/18		5,557,500
	3,125,000	g	Sprint Nextel Corp	7.000		03/01/20		3,632,813
	16,375,000		Sprint Nextel Corp	6.000		11/15/22		16,825,313
	4,500,000		Virgin Media Finance plc	4.875		02/15/22		4,601,250
	3,500,000		Virgin Media Finance plc	5.250		02/15/22		3,710,000
	2,750,000	g	Wind Acquisition Finance S.A.	11.750		07/15/17		2,880,625
	12,000,000	g	Wind Acquisition Finance S.A.	7.250		02/15/18		12,150,000
	2,500,000		Windstream Corp	7.875		11/01/17		2,812,500
	2,105,000		Windstream Corp	8.125		09/01/18		2,299,712
	2,000,000		Windstream Corp	7.500		04/01/23		2,105,000

			TOTAL TELECOMMUNICATION SERVICES					148,682,592

144

TIAA-CREF FUNDS - High-Yield Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

TRANSPORTATION - 2.2%
$	4,000,000	g	Bombardier, Inc	7.500	%	03/15/18	$	4,455,000
	4,000,000	g	Bombardier, Inc	7.750		03/15/20		4,540,000
	2,525,000		Bristow Group, Inc	6.250		10/15/22		2,701,750
	5,840,000	g	Gulfmark Offshore, Inc	6.375		03/15/22		6,015,200
	2,250,000		Hertz Corp	7.500		10/15/18		2,486,250
	6,000,000		Hertz Corp	6.750		04/15/19		6,547,500
	2,700,000	g	Hertz Corp	6.750		04/15/19		2,946,375
	2,000,000		Hertz Corp	7.375		01/15/21		2,200,000
	8,750,000	g	Meccanica Holdings USA, Inc	6.250		07/15/19		8,775,375
	1,800,000	g	Meccanica Holdings USA, Inc	7.375		07/15/39		1,672,022
	3,000,000		Royal Caribbean Cruises Ltd	5.250		11/15/22		3,172,500

			TOTAL TRANSPORTATION					45,511,972


UTILITIES - 5.4%
	5,600,000		AES Corp	8.000		10/15/17		6,468,000
	6,395,000		AES Corp	7.375		07/01/21		7,098,450
	1,800,000	g	Calpine Corp	7.875		07/31/20		2,020,500
	5,400,000	g	Calpine Corp	7.500		02/15/21		5,967,000
	7,681,000	g	Calpine Corp	7.875		01/15/23		8,679,530
	5,435,000		El Paso Corp	7.750		01/15/32		6,386,087
	6,120,000	g	Inergy Midstream LP	6.000		12/15/20		6,318,900
	2,000,000	g	Ipalco Enterprises, Inc	7.250		04/01/16		2,220,000
	3,000,000		NRG Energy, Inc	7.625		05/15/19		3,210,000
	5,000,000		NRG Energy, Inc	8.500		06/15/19		5,500,000
	3,000,000		NRG Energy, Inc	8.250		09/01/20		3,360,000
	9,320,000		NRG Energy, Inc	7.875		05/15/21		10,345,200
	6,750,000	g	NRG Energy, Inc	6.625		03/15/23		7,222,500
	5,600,000		Puget Energy, Inc	5.625		07/15/22		6,031,642
	1,765,000		QEP Resources, Inc	5.375		10/01/22		1,892,962
	5,000,000		QEP Resources, Inc	5.250		05/01/23		5,350,000
	2,335,000		Questar Market Resources, Inc	6.875		03/01/21		2,691,087
	12,070,000		Sabine Pass LNG LP	7.500		11/30/16		13,307,175
	7,445,000	g	Sabine Pass LNG LP	6.500		11/01/20		7,575,288
	1,055,000		Suburban Propane Partners LP	7.500		10/01/18		1,136,763
	1,900,000		Suburban Propane Partners LP	7.375		08/01/21		2,066,250

			TOTAL UTILITIES					114,847,334


			TOTAL CORPORATE BONDS					1,799,078,503

			(Cost $1,704,865,300)

			TOTAL BONDS					1,799,078,503

			(Cost $1,704,865,300)

145

TIAA-CREF FUNDS - High-Yield Fund

SHARES

COMPANY

RATE

MATURITY
DATE

VALUE

PREFERRED STOCKS - 0.4%

BANKS - 0.2%

180,000

Regions Financial Corp

6.375

12/30/49

4,447,800

TOTAL BANKS

4,447,800

DIVERSIFIED FINANCIALS - 0.2%

122,440

GMAC Capital Trust I

8.125

02/15/40

3,263,026

TOTAL DIVERSIFIED FINANCIALS

3,263,026

TOTAL PREFERRED STOCKS

7,710,826

(Cost $7,561,000)

PRINCIPAL

ISSUER

SHORT-TERM INVESTMENTS - 3.0%

TREASURY DEBT - 3.0%

30,000,000

United States Treasury Bill

0.020

01/03/13

29,999,967

19,900,000

United States Treasury Bill

0.014

01/17/13

19,899,867

15,000,000

United States Treasury Bill

0.030

01/24/13

14,999,713

TOTAL TREASURY DEBT

64,899,547

TOTAL SHORT-TERM INVESTMENTS

64,899,547

(Cost $64,899,547)

TOTAL INVESTMENTS - 99.8%

2,110,977,890

(Cost $2,014,038,921)

OTHER ASSETS & LIABILITIES, NET - 0.2%

3,553,519

NET ASSETS - 100.0%

2,114,531,409

These securities were purchased on a delayed delivery basis.

Floating or variable rate security. Coupon reflects the rate at period end.

Indicates a security that has been deemed illiquid.

Payment in Kind Bond.

146

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BONDS - 98.7%

GOVERNMENT BONDS - 98.7%

U.S. TREASURY SECURITIES - 98.7%
$	8,000,000		United States Treasury Bond	2.750	%	08/15/42	$	7,725,000
	3,200,000		United States Treasury Bond	2.750		11/15/42		3,083,002
	60,738,917	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/14		62,679,708
	35,746,126	k	United States Treasury Inflation Indexed Bonds	1.250		04/15/14		36,852,040
	57,136,274	k	United States Treasury Inflation Indexed Bonds	2.000		07/15/14		60,292,138
	53,997,961	k	United States Treasury Inflation Indexed Bonds	1.625		01/15/15		57,368,622
	58,377,720	k	United States Treasury Inflation Indexed Bonds	0.500		04/15/15		60,913,532
	42,061,394	k	United States Treasury Inflation Indexed Bonds	1.875		07/15/15		45,856,762
	43,740,089	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/16		48,496,824
	88,966,166	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/16		93,678,615
	41,627,999	k	United States Treasury Inflation Indexed Bonds	2.500		07/15/16		47,839,687
	38,229,227	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/17		44,432,530
	67,217,040	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/17		71,979,972
	33,659,645	k	United States Treasury Inflation Indexed Bonds	2.625		07/15/17		40,333,713
	32,648,099	k	United States Treasury Inflation Indexed Bonds	1.625		01/15/18		37,864,155
	31,458,293	k	United States Treasury Inflation Indexed Bonds	1.375		07/15/18		36,619,404
	31,672,622	k	United States Treasury Inflation Indexed Bonds	2.125		01/15/19		38,455,029
	34,571,420	k	United States Treasury Inflation Indexed Bonds	1.875		07/15/19		42,077,186
	40,915,338	k	United States Treasury Inflation Indexed Bonds	1.375		01/15/20		48,500,673
	63,209,699	k	United States Treasury Inflation Indexed Bonds	1.250		07/15/20		74,982,506
	69,877,353	k	United States Treasury Inflation Indexed Bonds	1.125		01/15/21		82,073,118
	68,694,989	k	United States Treasury Inflation Indexed Bonds	0.625		07/15/21		78,086,899
	67,466,244	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/22		73,264,158
	76,448,400	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/22		82,988,331
	59,339,062	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/25		80,047,445
	39,691,246	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/26		52,051,339
	33,847,151	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/27		46,666,760
	34,257,978	k	United States Treasury Inflation Indexed Bonds	1.750		01/15/28		44,345,343
	38,706,933	k	United States Treasury Inflation Indexed Bonds	3.625		04/15/28		61,356,527
	34,681,828	k	United States Treasury Inflation Indexed Bonds	2.500		01/15/29		49,464,957
	42,196,415	k	United States Treasury Inflation Indexed Bonds	3.875		04/15/29		69,940,557
	12,678,930	k	United States Treasury Inflation Indexed Bonds	3.375		04/15/32		20,897,451
	19,802,466	k	United States Treasury Inflation Indexed Bonds	2.125		02/15/40		29,057,029
	37,780,682	k	United States Treasury Inflation Indexed Bonds	2.125		02/15/41		55,788,504
	39,617,964	k	United States Treasury Inflation Indexed Bonds	0.750		02/15/42		43,390,941

			TOTAL U.S. TREASURY SECURITIES					1,829,450,457


			TOTAL GOVERNMENT BONDS					1,829,450,457

			(Cost $1,621,155,895)

			TOTAL BONDS					1,829,450,457

			(Cost $1,621,155,895)

147

TIAA-CREF FUNDS - Inflation-Linked Bond Fund

PRINCIPAL

ISSUER

RATE

MATURITY
DATE

VALUE

SHORT-TERM INVESTMENTS - 0.3%

TREASURY DEBT - 0.3%

5,000,000

United States Treasury Bill

0.030

01/24/13

4,999,904

TOTAL TREASURY DEBT

4,999,904

TOTAL SHORT-TERM INVESTMENTS

4,999,904

(Cost $4,999,904)

TOTAL INVESTMENTS - 99.0%

1,834,450,361

(Cost $1,626,155,799)

OTHER ASSETS & LIABILITIES, NET - 1.0%

19,454,705

NET ASSETS - 100.0%

1,853,905,066

Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

148

TIAA-CREF FUNDS - Short-Term Bond Fund

TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BANK LOAN OBLIGATIONS - 0.8%

CAPITAL GOODS - 0.0%
$	490,000	i	TransDigm, Inc	4.000	%	02/14/17	$	492,283

			TOTAL CAPITAL GOODS					492,283


CONSUMER SERVICES - 0.1%
	1,470,654	i	Ameristar Casinos, Inc	4.000		04/14/18		1,478,801

			TOTAL CONSUMER SERVICES					1,478,801


DIVERSIFIED FINANCIALS - 0.2%
	1,943,947	i	TransUnion LLC	5.500		02/10/18		1,969,860

			TOTAL DIVERSIFIED FINANCIALS					1,969,860


FOOD, BEVERAGE & TOBACCO - 0.2%
	1,917,519	i	Del Monte Foods Co	4.500		03/08/18		1,918,727

			TOTAL FOOD, BEVERAGE & TOBACCO					1,918,727


HEALTH CARE EQUIPMENT & SERVICES - 0.3%
	1,793,579	i	Fresenius US Finance I, Inc, Term Loan D1	3.500		09/10/14		1,792,091
	644,882	i	Fresenius US Finance I, Inc, Term Loan D2	3.500		09/10/14		644,347

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					2,436,438


			TOTAL BANK LOAN OBLIGATIONS					8,296,109

			(Cost $8,254,099)

BONDS - 90.3%

CORPORATE BONDS - 39.0%

BANKS - 9.7%
	2,000,000	g	Abbey National Treasury Services plc	3.875		11/10/14		2,075,216
	350,000	g	Akbank TAS	3.875		10/24/17		359,912
	7,000,000	g	Australia & New Zealand Banking Group Ltd	2.400		11/23/16		7,362,600
	500,000	g,i	Banco Bradesco S.A.	2.410		05/16/14		503,681
	260,000	g	Banco de Bogota S.A.	5.000		01/15/17		280,150
	500,000	g	Banco de Credito del Peru	4.750		03/16/16		527,500
	500,000		Banco de Oro Unibank, Inc	3.875		04/22/16		506,964
	6,000,000	g	Banco del Estado de Chile	2.000		11/09/17		5,990,010
	785,000		Banco do Brasil S.A.	3.875		01/23/17		820,325
	788,000	g	Bank Nederlandse Gemeenten	1.375		09/27/17		791,704
	1,250,000	g	Bank of Montreal	2.625		01/25/16		1,325,125
	4,800,000	g	Bank of Nova Scotia	2.150		08/03/16		5,039,520
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.250		02/24/14		1,012,993
	1,000,000	g	Bank of Tokyo-Mitsubishi UFJ Ltd	2.350		02/23/17		1,040,274
	1,000,000		BB&T Corp	3.200		03/15/16		1,064,346

149

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,000,000	g	Caixa Economica Federal	2.375	%	11/06/17	$	1,985,000
	2,000,000		Canadian Imperial Bank of Commerce	1.450		09/13/13		2,015,228
	800,000	g	Canadian Imperial Bank of Commerce	2.600		07/02/15		840,640
	750,000	g	Canadian Imperial Bank of Commerce	2.750		01/27/16		798,000
	1,000,000		Citigroup, Inc	2.250		08/07/15		1,024,128
	997,000		Citigroup, Inc	6.000		12/13/13		1,044,719
	4,565,000		Citigroup, Inc	5.000		09/15/14		4,802,782
	3,350,000		Citigroup, Inc	4.450		01/10/17		3,711,130
	250,000		Deutsche Bank AG	3.875		08/18/14		262,422
	1,000,000	g	HSBC Bank plc	1.625		08/12/13		1,007,000
	825,000	g	HSBC Bank plc	3.100		05/24/16		872,248
	900,000		HSBC USA, Inc	2.375		02/13/15		925,763
	2,500,000		HSBC USA, Inc	1.625		01/16/18		2,502,270
	1,550,000	g	Hutchison Whampoa International 12 II Ltd	2.000		11/08/17		1,548,844
	618,000	g	ICICI Bank Ltd	5.500		03/25/15		653,340
	500,000	g	ICICI Bank Ltd	4.750		11/25/16		524,113
	1,000,000		Inter-American Development Bank	1.125		03/15/17		1,017,383
	2,000,000		JPMorgan Chase & Co	1.100		10/15/15		1,999,938
	2,297,000		JPMorgan Chase & Co	3.150		07/05/16		2,433,557
	2,975,000		JPMorgan Chase & Co	2.000		08/15/17		3,038,951
	2,075,000	g	Mizuho Corporate Bank Ltd	1.550		10/17/17		2,077,081
	500,000	g	National Australia Bank Ltd	2.500		01/08/13		500,125
	2,500,000	g	National Australia Bank Ltd	2.000		06/20/17		2,584,750
	7,500,000	g	NIBC Bank NV	2.800		12/02/14		7,786,913
	4,280,000	g	State Bank of India	4.125		08/01/17		4,407,544
	1,000,000	g	Sumitomo Mitsui Banking Corp	2.150		07/22/13		1,006,553
	10,000,000	g	Toronto-Dominion Bank	1.625		09/14/16		10,313,000
	500,000	g	Turkiye Is Bankasi	3.875		11/07/17		509,250
	500,000		Union Bank NA	2.125		06/16/17		514,151
	1,000,000		US Bancorp	1.125		10/30/13		1,006,475
	1,000,000		US Bancorp	3.125		04/01/15		1,053,879
	500,000		US Bancorp	1.650		05/15/17		509,450
	2,000,000		Wells Fargo & Co	1.500		07/01/15		2,034,458
	3,500,000		Wells Fargo & Co	2.100		05/08/17		3,618,552
	1,000,000		Wells Fargo & Co	1.500		01/16/18		1,001,640
	1,000,000		Westpac Banking Corp	2.100		08/02/13		1,009,636
	1,000,000		Westpac Banking Corp	3.000		08/04/15		1,056,168
	6,000,000	g	Westpac Banking Corp	2.450		11/28/16		6,324,000

			TOTAL BANKS					109,021,401


CAPITAL GOODS - 0.9%
	2,500,000		Caterpillar Financial Services Corp	1.550		12/20/13		2,526,565
	1,000,000		Caterpillar Financial Services Corp	0.700		11/06/15		997,446
	2,125,000		Caterpillar Financial Services Corp	1.250		11/06/17		2,123,400
	475,000		Caterpillar, Inc	1.500		06/26/17		481,073
	1,000,000		Lockheed Martin Corp	2.125		09/15/16		1,036,097
	925,000	g	Pentair Finance S.A.	1.350		12/01/15		924,181
	775,000	g	Turlock Corp	1.500		11/02/17		776,583
	575,000		United Technologies Corp	1.200		06/01/15		583,232
	500,000		United Technologies Corp	1.800		06/01/17		514,679

			TOTAL CAPITAL GOODS					9,963,256

150

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
$	650,000	g	ADT Corp	2.250	%	07/15/17	$	644,838
	725,000		eBay, Inc	0.700		07/15/15		727,714
	1,100,000		eBay, Inc	1.350		07/15/17		1,112,810
	1,000,000		Johnson Controls, Inc	1.750		03/01/14		1,013,505
	1,000,000		Thomson Corp	5.250		08/15/13		1,024,142
	1,000,000		Waste Management, Inc	2.600		09/01/16		1,047,569

			TOTAL COMMERCIAL & PROFESSIONAL SERVICES					5,570,578


CONSUMER DURABLES & APPAREL - 0.1%
	475,000	g	Grupo Aval Ltd	5.250		02/01/17		508,250
	500,000		Hanesbrands, Inc	6.375		12/15/20		550,000

			TOTAL CONSUMER DURABLES & APPAREL					1,058,250


CONSUMER SERVICES - 0.8%
	1,000,000		GlaxoSmithKline Capital plc	1.500		05/08/17		1,014,539
	1,000,000	g	SABMiller Holdings, Inc	2.450		01/15/17		1,042,395
	890,000	g	Transnet Ltd	4.500		02/10/16		946,204
	1,000,000		Walt Disney Co	0.450		12/01/15		995,074
	3,500,000		Walt Disney Co	1.125		02/15/17		3,502,660
	1,000,000		Walt Disney Co	1.100		12/01/17		1,002,098

			TOTAL CONSUMER SERVICES					8,502,970


DIVERSIFIED FINANCIALS - 9.3%
	550,000		American Express Centurion Bank	0.875		11/13/15		549,596
	500,000		American Express Centurion Bank	6.000		09/13/17		604,491
	1,000,000		American Express Credit Corp	5.875		05/02/13		1,018,056
	1,150,000		American Express Credit Corp	1.750		06/12/15		1,174,086
	1,000,000		American Express Credit Corp	2.800		09/19/16		1,058,045
	1,000,000	g	American Honda Finance Corp	4.625		04/02/13		1,010,393
	1,000,000		Bank of America Corp	4.750		08/15/13		1,017,500
	1,800,000		Bank of America Corp	1.500		10/09/15		1,809,203
	2,675,000		Bank of America Corp	3.750		07/12/16		2,859,380
	4,500,000		Bank of America Corp	3.875		03/22/17		4,880,345
	1,000,000		Bank of New York Mellon Corp	1.200		02/20/15		1,010,737
	1,100,000		Bank of New York Mellon Corp	2.300		07/28/16		1,149,779
	150,000	i	Bank of New York Mellon Corp	1.969		06/20/17		154,694
	3,000,000	g	Barclays Bank plc	2.250		05/10/17		3,094,953
	750,000		Berkshire Hathaway, Inc	1.900		01/31/17		775,292
	500,000		BlackRock, Inc	3.500		12/10/14		528,058
	825,000		BlackRock, Inc	1.375		06/01/15		837,872
	8,000,000	g	Caisse Centrale Desjardins du Quebec	1.600		03/06/17		8,206,400
	3,250,000		Capital One Financial Corp	2.125		07/15/14		3,308,438
	1,000,000		Capital One Financial Corp	1.000		11/06/15		996,622
	1,000,000		Capital One Financial Corp	3.150		07/15/16		1,061,686
	750,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.375		01/19/17		805,714
	130,000		Credit Suisse	5.000		05/15/13		132,140
	500,000		Credit Suisse	5.500		05/01/14		531,997
	2,000,000	g	Credit Suisse AG.	1.625		03/06/15		2,037,210
	7,500,000		FMS Wertmanagement AoeR	1.000		11/21/17		7,490,250
	1,675,000		Ford Motor Credit Co LLC	4.250		02/03/17		1,794,412
	3,250,000		Ford Motor Credit Co LLC	3.000		06/12/17		3,339,131

151

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	825,000		Ford Motor Credit Co LLC	6.625	%	08/15/17	$	963,984
	1,000,000		General Electric Capital Corp	2.800		01/08/13		1,000,283
	1,250,000		General Electric Capital Corp	1.875		09/16/13		1,262,328
	500,000		General Electric Capital Corp	3.750		11/14/14		527,229
	3,000,000		General Electric Capital Corp	1.625		07/02/15		3,049,782
	2,000,000		General Electric Capital Corp	2.300		04/27/17		2,073,762
	2,500,000		General Electric Capital Corp	1.600		11/20/17		2,501,623
	275,000	i	Goldman Sachs Capital II	4.000		06/01/43		214,797
	1,375,000		Goldman Sachs Group, Inc	3.300		05/03/15		1,433,103
	3,015,000		Goldman Sachs Group, Inc	3.625		02/07/16		3,191,447
	500,000		HSBC Finance Corp	4.750		07/15/13		510,435
	160,000	g	Hyundai Capital America, Inc	3.750		04/06/16		168,859
	200,000	g	Hyundai Capital Services, Inc	4.375		07/27/16		215,083
	1,000,000	g	Hyundai Capital Services, Inc	3.500		09/13/17		1,056,010
	150,000	g	International Lease Finance Corp	6.500		09/01/14		160,125
	300,000		International Lease Finance Corp	5.750		05/15/16		316,227
	1,000,000		Jefferies Group, Inc	3.875		11/09/15		1,032,500
	1,500,000		John Deere Capital Corp	0.875		04/17/15		1,506,596
	1,000,000		John Deere Capital Corp	2.000		01/13/17		1,034,721
	1,000,000		John Deere Capital Corp	1.400		03/15/17		1,009,559
	300,000		Merrill Lynch & Co, Inc	5.450		02/05/13		301,302
	1,500,000		Morgan Stanley	2.875		01/24/14		1,525,206
	3,000,000		Morgan Stanley	4.750		03/22/17		3,272,883
	1,000,000		National Rural Utilities Cooperative Finance Corp	1.000		02/02/15		1,007,407
	2,000,000	g	NongHyup Bank	2.250		09/19/17		1,998,546
	275,000		Northern Trust Corp	4.625		05/01/14		289,799
	500,000	g	PTTEP Australia International Finance Pty Ltd	4.152		07/19/15		519,060
	9,000,000		Royal Bank of Canada	1.200		09/19/17		9,021,600
	225,000		State Street Corp	4.300		05/30/14		237,143
	1,000,000		Toyota Motor Credit Corp	1.000		02/17/15		1,006,708
	500,000		Toyota Motor Credit Corp	2.050		01/12/17		517,129
	1,000,000		UBS AG.	2.250		08/12/13		1,009,566
	5,000,000	g	UBS AG.	1.875		01/23/15		5,121,650
	1,000,000		Unilever Capital Corp	2.750		02/10/16		1,059,131
	1,000,000	g	Volkswagen International Finance NV	1.625		08/12/13		1,007,060

			TOTAL DIVERSIFIED FINANCIALS					104,359,123


ENERGY - 2.4%
	250,000		Apache Corp	1.750		04/15/17		256,716
	1,000,000		BP Capital Markets plc	5.250		11/07/13		1,040,607
	530,000		BP Capital Markets plc	3.200		03/11/16		565,363
	2,000,000		BP Capital Markets plc	1.846		05/05/17		2,044,548
	2,000,000		Chevron Corp	1.104		12/05/17		2,013,964
	350,000		ConocoPhillips	4.600		01/15/15		378,244
	500,000		Devon Energy Corp	5.625		01/15/14		526,050
	625,000		Devon Energy Corp	1.875		05/15/17		637,142
	378,150		Dolphin Energy Ltd	5.888		06/15/19		426,364
	390,000	g	Empresa Nacional del Petroleo	4.875		03/15/14		403,355
	1,150,000		EOG Resources, Inc	2.950		06/01/15		1,208,894
	500,000	g	Gaz Capital S.A.	7.510		07/31/13		516,000
	350,000	g	Gazprom OAO Via Gaz Capital S.A.	4.950		05/23/16		375,812
	500,000	g	KazMunaiGaz Finance Sub BV	8.375		07/02/13		516,250

152

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	750,000	g	Korea National Oil Corp	3.125	%	04/03/17	$	786,827
	350,000		Marathon Petroleum Corp	3.500		03/01/16		372,578
	375,000		Noble Holding International Ltd	3.450		08/01/15		395,166
	1,550,000		Noble Holding International Ltd	2.500		03/15/17		1,599,657
	500,000	g	Novatek Finance Ltd	5.326		02/03/16		535,625
	500,000		Occidental Petroleum Corp	2.500		02/01/16		525,227
	975,000		Petrobras International Finance Co	3.875		01/27/16		1,028,628
	925,000		Petrobras International Finance Co	3.500		02/06/17		970,091
	750,000		Petrobras International Finance Co-Pifco	2.875		02/06/15		769,571
	500,000		Petroleos Mexicanos	4.875		03/15/15		538,750
	400,000	g	Phillips 66	1.950		03/05/15		408,134
	2,400,000	g	Rosneft Oil Co via Rosneft International Finance Ltd	3.149		03/06/17		2,436,000
	500,000		Shell International Finance BV	3.100		06/28/15		529,681
	100,000		Statoil ASA	2.900		10/15/14		104,069
	750,000		Statoil ASA	1.200		01/17/18		750,139
	1,000,000		Total Capital Canada Ltd	1.625		01/28/14		1,013,694
	750,000		Total Capital International S.A.	1.500		02/17/17		755,813
	1,000,000		Vale Overseas Ltd	6.250		01/23/17		1,150,592
	475,000		Valero Energy Corp	4.500		02/01/15		508,072
	250,000		XTO Energy, Inc	4.625		06/15/13		254,468

			TOTAL ENERGY					26,342,091


FOOD & STAPLES RETAILING - 0.2%
	1,075,000		CVS Caremark Corp	3.250		05/18/15		1,139,685
	488,000		CVS Caremark Corp	5.750		06/01/17		583,439
	1,000,000		Kroger Co	5.000		04/15/13		1,012,772

			TOTAL FOOD & STAPLES RETAILING					2,735,896


FOOD, BEVERAGE & TOBACCO - 1.3%
	700,000		Anheuser-Busch InBev Worldwide, Inc	4.125		01/15/15		748,010
	500,000		Anheuser-Busch InBev Worldwide, Inc	2.875		02/15/16		529,549
	2,075,000		Anheuser-Busch InBev Worldwide, Inc	1.375		07/15/17		2,096,850
	2,000,000		Coca-Cola Co	0.750		03/13/15		2,015,234
	600,000		Coca-Cola Co	1.800		09/01/16		619,710
	1,000,000		Coca-Cola Enterprises, Inc	1.125		11/12/13		1,004,478
	2,000,000		Constellation Brands, Inc	8.375		12/15/14		2,235,000
	500,000		Diageo Capital plc	1.500		05/11/17		507,070
	135,000		General Mills, Inc	5.200		03/17/15		148,268
	2,000,000		HJ Heinz Co	1.500		03/01/17		2,027,862
	1,000,000		Kraft Foods, Inc	5.250		10/01/13		1,031,800
	1,000,000	g	Pernod-Ricard S.A.	2.950		01/15/17		1,051,726
	150,000		Philip Morris International, Inc	4.875		05/16/13		152,429
	250,000		Philip Morris International, Inc	6.875		03/17/14		269,189

			TOTAL FOOD, BEVERAGE & TOBACCO					14,437,175


HEALTH CARE EQUIPMENT & SERVICES - 0.5%
	200,000		Becton Dickinson and Co	1.750		11/08/16		205,907
	250,000		Boston Scientific Corp	4.500		01/15/15		265,736
	500,000		Covidien International Finance S.A.	1.350		05/29/15		506,766
	1,000,000	g	Fresenius US Finance II, Inc	9.000		07/15/15		1,152,500
	1,000,000		HCA, Inc	6.500		02/15/16		1,087,500
	904,000		McKesson Corp	3.250		03/01/16		969,000

153

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,000,000		Medco Health Solutions, Inc	2.750	%	09/15/15	$	1,042,380
	1,000,000		Thermo Fisher Scientific, Inc	2.050		02/21/14		1,014,059
	245,000		Thermo Fisher Scientific, Inc	3.200		05/01/15		257,885

			TOTAL HEALTH CARE EQUIPMENT & SERVICES					6,501,733


HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	1,000,000		Ecolab, Inc	3.000		12/08/16		1,062,714
	375,000		Ecolab, Inc	1.450		12/08/17		373,296

			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					1,436,010


INSURANCE - 1.5%
	750,000		Aetna, Inc	1.500		11/15/17		751,517
	1,000,000		American International Group, Inc	3.650		01/15/14		1,026,745
	675,000		Hartford Financial Services Group, Inc	4.000		10/15/17		737,371
	7,010,004	g	Hospital for Special Surgery	3.500		01/01/23		7,745,143
	2,000,000		MetLife, Inc	2.375		02/06/14		2,037,440
	400,000		Principal Financial Group, Inc	1.850		11/15/17		402,116
	1,000,000		Prudential Financial, Inc	3.875		01/14/15		1,058,039
	250,000		United Health Group, Inc	4.875		02/15/13		251,252
	550,000		UnitedHealth Group, Inc	0.850		10/15/15		551,799
	425,000		UnitedHealth Group, Inc	1.400		10/15/17		425,665
	1,500,000		Willis Group Holdings plc	4.125		03/15/16		1,599,928

			TOTAL INSURANCE					16,587,015


MATERIALS - 1.4%
	200,000		Air Products & Chemicals, Inc	4.150		02/01/13		200,593
	2,000,000		Airgas, Inc	2.850		10/01/13		2,033,170
	40,000		Airgas, Inc	4.500		09/15/14		42,213
	1,665,000	g	Anglo American Capital plc	2.150		09/27/13		1,676,807
	675,000		ArcelorMittal	4.250		08/05/15		681,800
	250,000		ArcelorMittal	5.000		02/25/17		252,349
	1,000,000		Bemis Co, Inc	5.650		08/01/14		1,070,460
	300,000		Corning, Inc	1.450		11/15/17		301,180
	1,000,000		EI Du Pont de Nemours & Co	3.250		01/15/15		1,052,620
	5,000,000		Praxair, Inc	1.050		11/07/17		5,000,930
	1,000,000		Precision Castparts Corp	1.250		01/15/18		1,001,651
	500,000		Rio Tinto Finance USA Ltd	2.250		09/20/16		518,714
	1,750,000		Sherwin-Williams Co	1.350		12/15/17		1,746,155

			TOTAL MATERIALS					15,578,642


MEDIA - 1.4%
	375,000		CBS Corp	1.950		07/01/17		382,045
	600,000		Comcast Cable Communications Holdings, Inc	8.375		03/15/13		609,461
	2,000,000		DIRECTV Holdings LLC	2.400		03/15/17		2,048,634
	1,010,000		DISH DBS Corp	4.625		07/15/17		1,052,925
	1,000,000		Echostar DBS Corp	6.625		10/01/14		1,075,000
	2,000,000		Interpublic Group of Cos, Inc	6.250		11/15/14		2,165,000
	1,000,000		Lamar Media Corp	9.750		04/01/14		1,095,000
	1,000,000		NBCUniversal Media LLC	3.650		04/30/15		1,063,815
	2,000,000		TCI Communications, Inc	8.750		08/01/15		2,386,590
	1,000,000		Time Warner Cable, Inc	7.500		04/01/14		1,083,554
	250,000		Time Warner, Inc	3.150		07/15/15		264,374

154

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,000,000		Viacom, Inc	1.250	%	02/27/15	$	1,009,763
	1,000,000		Viacom, Inc	3.500		04/01/17		1,079,103

			TOTAL MEDIA					15,315,264


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.9%
	1,500,000	g	AbbVie, Inc	1.200		11/06/15		1,510,022
	1,200,000	g	AbbVie, Inc	1.750		11/06/17		1,213,052
	600,000	g	Aristotle Holding, Inc	2.100		02/12/15		611,193
	1,000,000		GlaxoSmithKline Capital, Inc	4.850		05/15/13		1,016,785
	600,000		Johnson & Johnson	2.150		05/15/16		626,932
	120,000		Life Technologies Corp	3.500		01/15/16		126,301
	1,000,000		Merck & Co, Inc	2.250		01/15/16		1,044,871
	1,000,000	g	Mylan, Inc	7.625		07/15/17		1,123,869
	2,000,000	g	Mylan, Inc	6.000		11/15/18		2,208,888
	180,000		Novartis Capital Corp	4.125		02/10/14		187,205
	500,000		Novartis Capital Corp	2.900		04/24/15		525,629
	500,000		Watson Pharmaceuticals, Inc	1.875		10/01/17		506,574

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					10,701,321


REAL ESTATE - 0.1%
	75,000		AMB Property LP	7.625		08/15/14		82,044
	100,000		Ventas Realty LP	3.125		11/30/15		105,423
	525,000		Ventas Realty LP	2.000		02/15/18		525,339

			TOTAL REAL ESTATE					712,806


RETAILING - 0.9%
	2,000,000		Limited Brands, Inc	5.250		11/01/14		2,100,000
	1,000,000		Macy’s Retail Holdings, Inc	5.875		01/15/13		1,001,553
	2,212,000		Macy’s Retail Holdings, Inc	5.750		07/15/14		2,372,142
	298,000		Macy’s Retail Holdings, Inc	5.900		12/01/16		350,154
	1,000,000	g	QVC, Inc	7.500		10/01/19		1,103,319
	2,300,000		Target Corp	1.125		07/18/14		2,322,368
	1,000,000		Wal-Mart Stores, Inc	3.000		02/03/14		1,029,168

			TOTAL RETAILING					10,278,704


SOFTWARE & SERVICES - 2.0%
	675,000		Baidu, Inc	2.250		11/28/17		679,185
	1,000,000		International Business Machines Corp	0.550		02/06/15		1,000,186
	5,000,000		International Business Machines Corp	0.750		05/11/15		5,030,285
	1,610,000		International Business Machines Corp	1.950		07/22/16		1,673,226
	1,075,000		International Business Machines Corp	1.250		02/06/17		1,086,351
	5,000,000		Microsoft Corp	0.875		09/27/13		5,021,740
	650,000		Microsoft Corp	1.625		09/25/15		668,873
	4,775,000		Microsoft Corp	0.875		11/15/17		4,749,860
	1,000,000		Oracle Corp	4.950		04/15/13		1,012,833
	1,050,000		Oracle Corp	1.200		10/15/17		1,053,116
	150,000		SunGard Data Systems, Inc	4.875		01/15/14		154,687

			TOTAL SOFTWARE & SERVICES					22,130,342


TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
	250,000		Amphenol Corp	4.750		11/15/14		266,377

155

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000	g	CC Holdings GS V LLC	2.381	%	12/15/17	$	251,222
	2,700,000		General Electric Co	0.850		10/09/15		2,709,518
	100,000		Hewlett-Packard Co	2.350		03/15/15		100,445
	1,500,000		Seagate Technology HDD Holdings	6.800		10/01/16		1,680,000
	1,000,000		Tyco Electronics Group S.A.	1.600		02/03/15		1,014,808
	175,000		Xerox Corp	8.250		05/15/14		190,888
	275,000		Xerox Corp	2.950		03/15/17		282,156

			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					6,495,414


TELECOMMUNICATION SERVICES - 1.4%
	1,000,000		America Movil SAB de C.V.	2.375		09/08/16		1,039,383
	1,000,000		AT&T, Inc	2.500		08/15/15		1,042,578
	1,000,000		AT&T, Inc	2.950		05/15/16		1,058,722
	425,000		AT&T, Inc	1.400		12/01/17		425,080
	1,000,000		British Telecommunications plc	5.150		01/15/13		1,001,379
	1,000,000		Cellco Partnership	7.375		11/15/13		1,056,967
	1,000,000		France Telecom S.A.	2.125		09/16/15		1,028,539
	375,000	g	SK Telecom Co Ltd	2.125		05/01/18		377,050
	1,000,000	g	Sprint Nextel Corp	9.000		11/15/18		1,235,000
	1,000,000		Telecom Italia Capital S.A.	5.250		11/15/13		1,027,500
	850,000		Telecom Italia Capital S.A.	6.175		06/18/14		895,900
	1,000,000		Telefonica Emisiones SAU	3.992		02/16/16		1,040,500
	190,000		Verizon Communications, Inc	5.250		04/15/13		192,601
	3,000,000		Verizon Communications, Inc	0.700		11/02/15		3,000,753
	500,000	g	Vimpelcom Holdings	6.255		03/01/17		535,000
	250,000		Windstream Corp	8.125		08/01/13		259,375

			TOTAL TELECOMMUNICATION SERVICES					15,216,327


TRANSPORTATION - 0.8%
	350,000	g	Asciano Finance Ltd	3.125		09/23/15		358,492
	1,600,000		CSX Corp	5.750		03/15/13		1,616,490
	1,000,000	g	ERAC USA Finance LLC	2.750		07/01/13		1,010,634
	3,000,000	g	ERAC USA Finance LLC	1.400		04/15/16		3,020,115
	2,475,000		United Parcel Service, Inc	1.125		10/01/17		2,479,443

			TOTAL TRANSPORTATION					8,485,174


UTILITIES - 2.2%
	500,000	g	Abu Dhabi National Energy Co	6.600		08/01/13		515,750
	750,000	g	Abu Dhabi National Energy Co	4.125		03/13/17		805,125
	2,000,000	g	Abu Dhabi National Energy Co	2.500		01/12/18		2,020,000
	1,000,000		AES Corp	7.750		03/01/14		1,065,000
	180,000		Alliant Energy Corp	4.000		10/15/14		189,680
	2,150,000		American Electric Power Co, Inc	1.650		12/15/17		2,157,534
	1,000,000		Commonwealth Edison Co	4.700		04/15/15		1,086,842
	1,000,000		Dominion Resources, Inc	1.800		03/15/14		1,013,106
	2,000,000		Dominion Resources, Inc	1.400		09/15/17		2,000,350
	500,000		Duke Energy Carolinas LLC	5.750		11/15/13		522,364
	1,900,000		FPL Group Capital, Inc	2.600		09/01/15		1,979,570
	550,000	g	Israel Electric Corp Ltd	6.700		02/10/17		594,000
	1,000,000		Kinder Morgan Energy Partners LP	3.500		03/01/16		1,068,999
	200,000	g	Korea Hydro & Nuclear Power Co Ltd	3.125		09/16/15		208,840
	500,000		Korea Midland Power Co Ltd	5.375		02/11/13		501,795

156

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,000,000		Northeast Utilities	5.650	%	06/01/13	$	1,020,790
	2,950,000		ONEOK Partners LP	2.000		10/01/17		2,974,520
	500,000		Pepco Holdings, Inc	2.700		10/01/15		517,558
	500,000		PG&E Corp	5.750		04/01/14		529,928
	500,000	g	Ras Laffan Liquefied Natural Gas Co Ltd	5.500		09/30/14		538,250
	2,000,000		Sempra Energy	2.300		04/01/17		2,076,758
	250,000		Veolia Environnement	5.250		06/03/13		253,877
	450,000		Williams Partners LP	3.800		02/15/15		475,824

			TOTAL UTILITIES					24,116,460


			TOTAL CORPORATE BONDS					435,545,952

			(Cost $425,251,997)

GOVERNMENT BONDS - 33.3%

AGENCY SECURITIES - 8.9%
	1,000,000		Federal Farm Credit Bank (FFCB)	1.375		06/25/13		1,006,301
	3,000,000		Federal Home Loan Bank (FHLB)	1.875		06/21/13		3,024,567
	5,000,000		Federal Home Loan Mortgage Corp (FHLMC)	0.750		03/28/13		5,007,520
	20,000,000		FHLMC	1.000		09/27/17		20,064,780
	2,000,000		Federal National Mortgage Association (FNMA)	3.625		02/12/13		2,007,738
	6,500,000		FNMA	1.250		08/20/13		6,542,757
	1,000,000		FNMA	2.500		05/15/14		1,030,995
	25,000,000		FNMA	1.125		06/27/14		25,332,450
	2,000,000		FNMA	3.000		09/16/14		2,094,916
	20,000,000		FNMA	0.500		07/02/15		20,069,640
	2,000,000		Private Export Funding Corp (PEFCO)	3.550		04/15/13		2,019,616
	10,000,000		PEFCO	1.375		02/15/17		10,281,250

			TOTAL AGENCY SECURITIES					98,482,530


FOREIGN GOVERNMENT BONDS - 5.3%
	1,950,000	g	Croatia Government International Bond	6.250		04/27/17		2,138,175
	3,014,000		Eksportfinans ASA	2.000		09/15/15		2,884,898
	300,000		Export-Import Bank of Korea	8.125		01/21/14		321,935
	225,000		Export-Import Bank of Korea	4.125		09/09/15		242,008
	1,750,000		Export-Import Bank of Korea	1.250		11/20/15		1,752,908
	500,000		Export-Import Bank of Korea	3.750		10/20/16		537,222
	8,000,000		Hydro Quebec	1.375		06/19/17		8,107,200
	1,250,000		Hydro-Quebec	7.500		04/01/16		1,512,000
	1,000,000	g	Iceland Government International Bond	4.875		06/16/16		1,050,658
	370,000	g	Indonesia Government International Bond	6.875		03/09/17		441,688
	3,000,000	g	Kommunalbanken AS.	1.000		02/09/15		3,030,900
	2,870,000	g	Kommunalbanken AS.	1.375		06/08/17		2,924,085
	410,000	g	Korea Housing Finance Corp	3.500		12/15/16		434,590
	400,000	g	Lithuania Government International Bond	5.125		09/14/17		451,000
	4,000,000	g	Nederlandse Waterschapsbank NV	2.125		02/09/17		4,145,760
	420,000		Poland Government International Bond	3.875		07/16/15		450,450
	6,200,000	g	Province of Alberta Canada	1.000		06/21/17		6,261,380
	3,000,000		Province of British Columbia Canada	2.850		06/15/15		3,173,100
	3,000,000		Province of British Columbia Canada	1.200		04/25/17		3,053,871
	3,000,000		Province of New Brunswick Canada	2.750		06/15/18		3,232,083
	2,000,000		Province of Nova Scotia Canada	2.375		07/21/15		2,092,200

157

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,500,000		Province of Nova Scotia Canada	8.875	%	03/15/16	$	1,858,917
	700,000		Province of Ontario Canada	2.950		02/05/15		735,733
	1,300,000		Province of Ontario Canada	2.700		06/16/15		1,368,630
	791,000	g	Qatar Government International Bond	4.000		01/20/15		832,527
	1,000,000	g	Qatar Government International Bond	3.125		01/20/17		1,053,500
	550,000		Republic of Italy	4.500		01/21/15		574,866
	500,000		Republic of Korea	5.750		04/16/14		530,592
	700,000	g	Russian Foreign Bond - Eurobond	3.625		04/29/15		739,550
	1,600,000	g	Russian Foreign Bond - Eurobond	3.250		04/04/17		1,700,000
	500,000		South Africa Government International Bond	6.500		06/02/14		537,500
	516,000		United Mexican States	5.875		02/17/14		541,800

			TOTAL FOREIGN GOVERNMENT BONDS					58,711,726


MORTGAGE BACKED - 1.9%
	4,238,920		Federal Home Loan Mortgage Corp (FHLMC)	3.000		03/15/26		4,423,567
	4,601,799		FHLMC	3.000		01/15/27		4,865,630
	3,453,109		FHLMC	4.000		05/15/37		3,524,543
	28,438		Federal Home Loan Mortgage Corp Gold (FGLMC)	6.000		12/01/17		31,046
	168,400		FGLMC	5.500		01/01/19		183,244
	165,418		FGLMC	5.500		01/01/19		179,999
	1,901		Federal National Mortgage Association (FNMA)	5.000		06/01/13		1,965
	1,989,645		FNMA	4.000		10/25/24		2,072,850
	2,001,244		FNMA	4.500		10/25/28		2,069,074
	3,403,482		Government National Mortgage Association (GNMA)	2.300		10/15/19		3,525,076

			TOTAL MORTGAGE BACKED					20,876,994


MUNICIPAL BONDS - 0.1%
	500,000		New Jersey Health Care Facilities Financing Authority	5.000		07/01/16		539,110

			TOTAL MUNICIPAL BONDS					539,110


U.S. TREASURY SECURITIES - 17.1%
	9,691,600	k	United States Treasury Inflation Indexed Bonds	1.625		01/15/15		10,296,569
	35,224,530	k	United States Treasury Inflation Indexed Bonds	0.500		04/15/15		36,754,613
	10,479,800	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/16		11,034,905
	22,720,000		United States Treasury Note	1.125		06/15/13		22,822,944
	7,395,000		United States Treasury Note	3.125		09/30/13		7,556,477
	3,565,000		United States Treasury Note	0.125		12/31/13		3,562,772
	29,700,000		United States Treasury Note	1.250		04/15/14		30,092,129
	3,800,000		United States Treasury Note	0.250		06/30/14		3,801,486
	1,635,000		United States Treasury Note	2.625		06/30/14		1,693,374
	1,865,000		United States Treasury Note	2.375		10/31/14		1,936,832
	6,680,000		United States Treasury Note	0.250		11/30/14		6,680,261
	5,000,000	l	United States Treasury Note	0.250		09/15/15		4,989,060
	17,138,000		United States Treasury Note	0.375		11/15/15		17,154,075
	25,000,000		United States Treasury Note	0.250		12/15/15		24,925,775
	200		United States Treasury Note	0.750		06/30/17		201
	6,411,600		United States Treasury Note	0.625		11/30/17		6,390,064
	170,000		United States Treasury Note	1.625		11/15/22		168,141

			TOTAL U.S. TREASURY SECURITIES					189,859,678


			TOTAL GOVERNMENT BONDS					368,470,038

			(Cost $365,110,214)

158

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

STRUCTURED ASSETS - 18.0%

ASSET BACKED - 14.3%
$	230,520	i	Aames Mortgage Trust	6.668	%	06/25/32	$	219,991
			Series - 2002 1 (Class A3)
	260,781	i	Accredited Mortgage Loan Trust	0.450		09/25/35		255,989
			Series - 2005 3 (Class A1)
	135,276	i	ACE Securities Corp	0.680		08/25/35		135,074
			Series - 2005 HE5 (Class M1)
	3,000,000	g	AESOP Funding II	3.270		02/20/18		3,213,102
			Series - 2011 5A (Class A)
	2,000,000		Ally Auto Receivables Trust	2.230		03/15/16		2,045,000
			Series - 2011 1 (Class A4)
	2,700,000	g	Ally Auto Receivables Trust	2.590		07/15/16		2,767,141
			Series - 2011 2 (Class B)
	3,300,000	g	Ally Auto Receivables Trust	1.900		11/15/16		3,337,429
			Series - 2011 5 (Class B)
	8,000,000	g	Ally Master Owner Trust	4.250		04/15/17		8,616,952
			Series - 2010 2 (Class A)
	1,000,000		Ally Master Owner Trust	1.540		09/15/19		1,003,562
			Series - 2012 5 (Class A)
	2,000,000		AmeriCredit Automobile Receivables Trust	2.040		09/08/15		2,023,942
			Series - 2010 3 (Class B)
	2,000,000		AmeriCredit Automobile Receivables Trust	2.330		03/08/16		2,034,640
			Series - 2011 2 (Class B)
	3,000,000		AmeriCredit Automobile Receivables Trust	2.450		12/08/16		3,081,306
			Series - 2011 5 (Class B)
	4,250,000	m	AmeriCredit Automobile Receivables Trust	1.310		11/08/17		4,267,421
			Series - 2012 4 (Class B)
	761,665	i	Ameriquest Mortgage Securities	0.530		05/25/35		753,155
			Series - 0 R3 (Class A3D)
	55,677	g	Asset Backed Funding Corp NIM Trust	5.900		07/26/35		1
			Series - 2006 WMC1 (Class N1)
	166,667	g	Avis Budget Rental Car Funding AESOP LLC	5.680		02/20/14		167,489
			Series - 2009 2A (Class A)
	4,500,000	g	Avis Budget Rental Car Funding AESOP LLC	2.090		04/20/15		4,569,948
			Series - 2010 4A (Class A)
	611,108	i	Bear Stearns Asset Backed Securities Trust	0.580		11/25/39		585,658
			Series - 2005 SD3 (Class 2A1)
	2,000,000	g	Cabela’s Master Credit Card Trust	2.290		09/17/18		2,083,920
			Series - 2010 2A (Class A1)
	4,965,000	g	Cabela’s Master Credit Card Trust	2.390		06/17/19		5,221,631
			Series - 2011 2A (Class A1)
	1,000,000	g	Cabela’s Master Credit Card Trust	1.630		02/18/20		1,025,223
			Series - 2012 1A (Class A1)
	1,000,000		CarMax Auto Owner Trust	2.630		11/15/16		1,037,710
			Series - 2011 1 (Class B)
	155,000		CarMax Auto Owner Trust	2.830		02/15/17		160,199
			Series - 2011 1 (Class C)
	5,870,000		CarMax Auto Owner Trust Series - 2012 2 (Class B)	1.730		02/15/18		5,999,968

159

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	100,872		Centex Home Equity	5.540	%	01/25/32	$	101,521
			Series - 2002 A (Class AF6)
	621,323	i	Centex Home Equity	0.855		03/25/34		551,326
			Series - 2004 B (Class M1)
	337,182	i	Chase Funding Mortgage Loan Asset-Backed Certificates	5.700		02/25/35		217,070
			Series - 2004 2 (Class 1M2)
	6,000,000		CNH Equipment Trust	1.550		11/15/17		6,117,990
			Series - 2011 C (Class A4)
	55,501	i	Countrywide Asset-Backed Certificates	5.683		10/25/46		55,474
			Series - 2006 15 (Class A2)
	827,831	i	Credit-Based Asset Servicing and Securitization LLC	4.831		08/25/35		830,909
			Series - 2005 CB5 (Class AF2)
	91,422	i	Credit-Based Asset Servicing and Securitization LLC	5.171		04/25/37		90,175
			Series - 2007 CB4 (Class A2A)
	408,510	i	CSMC Trust 2006-CF1	0.520		11/25/35		404,559
			Series - 2006 CF1 (Class A1)
	796,810		DaimlerChrysler Financial Auto Securitization Trust	1.650		11/08/13		796,952
			Series - 2010 A (Class B)
	1,977,500	g	Dominos Pizza Master Issuer LLC	5.216		01/25/42		2,222,265
			Series - 2012 1A (Class A2)
	6,473,357		Entergy Louisiana Investment Recovery Funding I LLC	2.040		09/01/23		6,739,360
			Series - 2011 A (Class A1)
	577,182	g,i	Flagstar Home Equity Loan Trust	5.781		01/25/35		567,642
			Series - 2007 1A (Class AF3)
	2,000,000		Ford Credit Auto Owner Trust	2.380		07/15/16		2,066,858
			Series - 2011 A (Class B)
	975,000		Ford Credit Floorplan Master Owner Trust	2.860		09/15/15		977,090
			Series - 2011 2 (Class D)
	2,000,000	g	Ford Credit Floorplan Master Owner Trust	2.410		02/15/16		2,025,288
			Series - 2011 1 (Class B)
	6,485,000	g	Ford Credit Floorplan Master Owner Trust	4.200		02/15/17		6,962,678
			Series - 2010 3 (Class A1)
	5,050,000		Ford Credit Floorplan Master Owner Trust	1.920		01/15/19		5,185,310
			Series - 2012 2 (Class A)
	1,800,000		Ford Credit Floorplan Master Owner Trust	1.490		09/15/19		1,809,666
			Series - 2012 5 (Class A)
	5,230,000	g	Hertz Vehicle Financing LLC	5.290		03/25/16		5,688,503
			Series - 2009 2A (Class A2)
	522,712	i	HSI Asset Securitization Corp Trust	0.570		07/25/35		518,443
			Series - 2005 NC1 (Class 2A3)
	2,000,000		Hyundai Auto Receivables Trust	2.450		04/15/16		2,062,362
			Series - 2011 A (Class B)
	432,879	i	Long Beach Mortgage Loan Trust	0.960		02/25/35		428,290
			Series - 2005 1 (Class M1)
	2,000,000	g	MMCA Automobile Trust	2.720		10/17/16		2,059,394
			Series - 2011 A (Class B)
	337,303	g	Morgan Stanley Capital I	2.602		09/15/47		347,367
			Series - 2011 C1 (Class A1)
	500,000	i	Renaissance Home Equity Loan Trust	5.586		11/25/36		276,623
			Series - 2006 3 (Class AF3)
	3,000,000	g	Rental Car Finance Corp	2.510		02/25/16		3,086,463
			Series - 2011 1A (Class A1)

160

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,000,000	g	Rental Car Finance Corp	4.380	%	02/25/16	$	2,096,164
			Series - 2011 1A (Class B1)
	344,763	i	Residential Asset Mortgage Products, Inc	0.510		04/25/35		329,364
			Series - 2005 RZ1 (Class A3)
	2,013,751		Residential Funding Mortgage Securities II, Inc	5.790		02/25/36		2,074,659
			Series - 2006 HI2 (Class A3)
	725,750		Residential Funding Mortgage Securities II, Inc	5.960		02/25/36		748,676
			Series - 2006 HI3 (Class A3)
	500,000	i	Residential Funding Mortgage Securities II, Inc	6.060		02/25/36		497,467
			Series - 2006 HI1 (Class M2)
	5,000,000		Santander Drive Auto Receivables Trust	2.090		08/15/16		5,070,900
			Series - 2012 2 (Class B)
	3,220,000		Santander Drive Auto Receivables Trust	3.090		05/15/17		3,312,034
			Series - 2011 3 (Class C)
	584,632	i	Saxon Asset Securities Trust	6.120		11/25/30		622,328
			Series - 2002 2 (Class AF6)
	246,737	i	Securitized Asset Backed Receivables LLC	0.510		10/25/35		237,349
			Series - 2006 OP1 (Class A2C)
	7,800,000	g	SLM Student Loan Trust	3.480		10/15/30		8,321,664
			Series - 2012 B (Class A2)
	9,000,000	g	SLM Student Loan Trust	3.830		01/17/45		9,720,531
			Series - 2012 A (Class A2)
	416,020	i	Soundview Home Equity Loan Trust	0.510		11/25/35		402,941
			Series - 2005 OPT3 (Class A4)
	597,306	i	Structured Asset Investment Loan Trust	1.270		11/25/34		575,398
			Series - 2004 10 (Class A9)
	435,232	i	Structured Asset Investment Loan Trust	0.610		05/25/35		431,920
			Series - 2005 4 (Class M1)
	532,899	i	Structured Asset Investment Loan Trust	0.490		12/25/35		529,223
			Series - 2005 10 (Class A5)
	4,054,457	g,i	Structured Asset Securities Corp	0.360		07/25/36		3,834,985
			Series - 2006 EQ1A (Class A4)
	80,808	i	Structured Asset Securities Corp	0.260		02/25/37		80,415
			Series - 2007 BC1 (Class A2)
	6,536,549		UBS Barclays Commercial Mortgage	1.006		05/10/63		6,592,103
			Series - 2012 C2 (Class A1)
	59,882	i	Wells Fargo Home Equity Trust	0.350		07/25/36		59,139
			Series - 2006 2 (Class A3)
	2,000,000		World Financial Network Credit Card Master Trust	4.660		05/15/17		2,044,418
			Series - 2009 D (Class A)
	4,000,000		World Financial Network Credit Card Master Trust	1.680		08/15/18		4,072,456
			Series - 2011 A (Class A)

			TOTAL ASSET BACKED					158,450,163


OTHER MORTGAGE BACKED - 3.7%
	99,210		Citicorp Mortgage Securities, Inc	5.750		11/25/36		99,926
			Series - 2006 6 (Class A2)
	7,283		Citicorp Mortgage Securities, Inc	6.000		05/25/37		7,267
			Series - 2007 4 (Class 1A7)
	5,000,000		Citigroup Commercial Mortgage Trust	1.813		09/10/45		5,152,685
			Series - 2012 GC8 (Class A2)

161

TIAA-CREF FUNDS - Short-Term Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	5,000,000	g	Commercial Mortgage Pass Through Certificates	2.365	%	02/10/29	$	5,243,745
			Series - 2012 9W57 (Class A)
	795,835		Countrywide Alternative Loan Trust	5.500		08/25/34		801,651
			Series - 2004 14T2 (Class A2)
	161,173		Countrywide Home Loan Mortgage Pass Through Trust	4.500		09/25/35		161,276
			Series - 2005 J3 (Class 2A3)
	5,000,000		Credit Suisse Mortgage Capital Certificates	5.467		09/15/39		5,676,590
			Series - 2006 C4 (Class A3)
	60	i	Greenpoint Mortgage Funding Trust	0.310		09/25/46		60
			Series - 2006 AR4 (Class A1A)
	34	i	Greenpoint Mortgage Funding Trust	0.290		10/25/46		34
			Series - 0 AR5 (Class A1A)
	2,544,029		GS Mortgage Securities Corp II	1.282		01/10/45		2,573,443
			Series - 2012 GC6 (Class A1)
	230,789		MASTER Asset Securitization Trust	5.000		05/25/35		231,040
			Series - 2005 1 (Class 2A5)
	9,000,000		Morgan Stanley Bank of America Merrill Lynch Trust	1.868		11/15/45		9,290,142
			Series - 2012 C6 (Class A2)
	390,698	i	Opteum Mortgage Acceptance Corp	0.610		02/25/35		388,553
			Series - 2005 1 (Class A4)
	349,065		Residential Accredit Loans, Inc	4.350		03/25/34		358,157
			Series - 2004 QS4 (Class A1)
	1,900,000		RFMSI Trust	5.500		03/25/35		1,984,455
			Series - 2005 S2 (Class A6)
	2,945,480	i	Sequoia Mortgage Trust	2.500		12/25/42		3,012,855
			Series - 2012 6 (Class A1)
	779,534	g,i	Springleaf Mortgage Loan Trust	2.667		09/25/57		788,721
			Series - 2012 1A (Class A)
	455,919	g,i	Springleaf Mortgage Loan Trust	2.220		10/25/57		469,643
			Series - 0 2A (Class A)
	45,992		Wells Fargo Mortgage Backed Securities Trust	5.500		04/25/35		45,932
			Series - 2005 2 (Class 1A1)
	4,844,356	m	WF-RBS Commercial Mortgage Trust	2.288		06/15/45		5,074,366
			Series - 2012 C7 (Class A1)

			TOTAL OTHER MORTGAGE BACKED					41,360,541


			TOTAL STRUCTURED ASSETS					199,810,704

			(Cost $196,597,842)

			TOTAL BONDS					1,003,826,694

			(Cost $986,960,053)


SHORT-TERM INVESTMENTS - 8.1%

GOVERNMENT AGENCY DEBT - 1.0%
	11,000,000	Federal Home Loan Bank (FHLB)	0.040	02/13/13	10,999,474

		TOTAL GOVERNMENT AGENCY DEBT			10,999,474

162

TIAA-CREF FUNDS - Short-Term Bond Fund

PRINCIPAL

ISSUER

RATE

MATURITY
DATE

VALUE

TREASURY DEBT - 7.1%

40,000,000

United States Treasury Bill

0.020

01/03/13

39,999,956

23,000,000

United States Treasury Bill

0.014

01/17/13

22,999,847

15,000,000

United States Treasury Bill

0.030

01/24/13

14,999,712

TOTAL TREASURY DEBT

77,999,515

TOTAL SHORT-TERM INVESTMENTS

88,998,989

(Cost $88,998,989)

TOTAL INVESTMENTS - 99.2%

1,101,121,792

(Cost $1,084,213,141)

OTHER ASSETS & LIABILITIES, NET - 0.8%

9,191,448

NET ASSETS - 100.0%

1,110,313,240

Floating or variable rate security. Coupon reflects the rate at period end.

Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

All or a portion of these securities have been segregated by the custodian to cover collateral requirements on swap agreements.

Indicates a security that has been deemed illiquid.

163

TIAA-CREF FUNDS - Social Choice Bond Fund

TIAA-CREF FUNDS
SOCIAL CHOICE BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

BONDS - 92.1%

CORPORATE BONDS - 38.3%

AUTOMOBILES & COMPONENTS - 0.5%
$	250,000		Johnson Controls, Inc	2.600	%	12/01/16	$	260,445

			TOTAL AUTOMOBILES & COMPONENTS					260,445


BANKS - 3.7%
	250,000		HSBC USA, Inc	1.625		01/16/18		250,227
	250,000	g	Mizuho Corporate Bank Ltd	1.550		10/17/17		250,251
	250,000	g	Mizuho Corporate Bank Ltd	2.950		10/17/22		246,931
	250,000		Northern Trust Corp	2.375		08/02/22		247,013
	250,000		People’s United Financial, Inc	3.650		12/06/22		251,300
	250,000	i	State Street Bank and Trust Co	0.511		12/08/15		248,187
	250,000		SVB Financial Group	5.375		09/15/20		280,562
	250,000	i	US Bank NA	0.620		10/14/14		250,166

			TOTAL BANKS					2,024,637


CAPITAL GOODS - 3.2%
	250,000		National Oilwell Varco, Inc	1.350		12/01/17		251,591
	250,000	g	Pentair Finance S.A.	1.350		12/01/15		249,778
	250,000	g	Schneider Electric S.A.	2.950		09/27/22		251,975
	250,000	g	Turlock Corp	0.950		11/02/15		250,760
	250,000	g	Turlock Corp	1.500		11/02/17		250,511
	250,000	g	Turlock Corp	4.000		11/02/32		257,128
	250,000	g	TYCO FLOW CONTROL FINANC	1.875		09/15/17		250,735

			TOTAL CAPITAL GOODS					1,762,478


DIVERSIFIED FINANCIALS - 7.0%
	250,000	i	American Express Centurion Bank	0.760		11/13/15		249,647
	250,000		Bank of New York Mellon Corp	1.300		01/25/18		249,190
	250,000		Bank of Nova Scotia	0.750		10/09/15		248,630
	250,000	i	Capital One Financial Corp	0.953		11/06/15		250,631
	500,000		Capital One Financial Corp	3.150		07/15/16		530,843
	250,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA	3.950		11/09/22		256,009
	250,000		Discover Financial Services	5.200		04/27/22		284,679
	250,000		FMS Wertmanagement AoeR	1.000		11/21/17		249,675
	400,000		Ford Motor Credit Co LLC	4.250		09/20/22		422,954
	300,000	g	Harley-Davidson Financial Services, Inc	1.150		09/15/15		300,788
	250,000		Invesco Finance plc	3.125		11/30/22		252,523
	150,000		John Deere Capital Corp	1.700		01/15/20		148,464
	250,000		Royal Bank of Canada	0.800		10/30/15		249,712
	108,000		Unilever Capital Corp	0.850		08/02/17		106,912

			TOTAL DIVERSIFIED FINANCIALS					3,800,657

164

TIAA-CREF FUNDS - Social Choice Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

ENERGY - 3.3%
$	250,000		Devon Energy Corp	1.875	%	05/15/17	$	254,857
	250,000		EOG Resources, Inc	2.625		03/15/23		251,759
	250,000		Marathon Oil Corp	0.900		11/01/15		250,202
	250,000		Marathon Oil Corp	2.800		11/01/22		251,549
	500,000		Statoil ASA	1.200		01/17/18		500,092
	250,000		Statoil ASA	2.450		01/17/23		249,414

			TOTAL ENERGY					1,757,873


FOOD, BEVERAGE & TOBACCO - 0.5%
	250,000		Dr Pepper Snapple Group, Inc	3.200		11/15/21		258,851

			TOTAL FOOD, BEVERAGE & TOBACCO					258,851


HOUSEHOLD & PERSONAL PRODUCTS - 0.9%
	250,000		Colgate-Palmolive Co	1.950		02/01/23		243,137
	250,000		Ecolab, Inc	1.450		12/08/17		248,864

			TOTAL HOUSEHOLD & PERSONAL PRODUCTS					492,001


INSURANCE - 2.3%
	250,000		Aetna, Inc	1.500		11/15/17		250,505
	250,000		Principal Financial Group, Inc	1.850		11/15/17		251,323
	250,000		Prudential Financial, Inc	3.000		05/12/16		263,953
	250,000	i	Prudential Financial, Inc	5.625		06/15/43		259,075
	250,000	g	Swiss Re Treasury US Corp	4.250		12/06/42		247,733

			TOTAL INSURANCE					1,272,589


MATERIALS - 2.4%
	250,000		Praxair, Inc	1.050		11/07/17		250,046
	250,000		Praxair, Inc	2.200		08/15/22		244,755
	250,000		Precision Castparts Corp	0.700		12/20/15		250,212
	250,000		Precision Castparts Corp	3.900		01/15/43		256,471
	50,000	g	Rock-Tenn Co	4.000		03/01/23		50,795
	250,000		Sherwin-Williams Co	1.350		12/15/17		249,451

			TOTAL MATERIALS					1,301,730


MEDIA - 0.9%
	250,000	g	British Sky Broadcasting Group plc	3.125		11/26/22		249,130
	250,000		Time Warner Cable, Inc	4.500		09/15/42		243,812

			TOTAL MEDIA					492,942


PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.8%
	250,000	g,i	AbbVie, Inc	1.072		11/06/15		252,884
	250,000	g	AbbVie, Inc	1.750		11/06/17		252,719
	250,000		Bristol-Myers Squibb Co	3.250		08/01/42		228,859
	250,000		Merck & Co, Inc	1.100		01/31/18		249,803

			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					984,265


REAL ESTATE - 3.3%
	250,000		Equity One, Inc	3.750		11/15/22		246,977
	250,000		Federal Realty Investment Trust	5.950		08/15/14		268,279
	250,000		HCP, Inc	2.625		02/01/20		249,024
	250,000	g	Simon Property Group LP	1.500		02/01/18		248,589

165

TIAA-CREF FUNDS - Social Choice Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000		Ventas Realty LP	2.000	%	02/15/18	$	250,161
	250,000		Ventas Realty LP	3.250		08/15/22		245,122
	250,000		Washington Real Estate Investment Trust	5.125		03/15/13		252,184

			TOTAL REAL ESTATE					1,760,336


RETAILING - 0.5%
	250,000		O‘Reilly Automotive, Inc	3.800		09/01/22		260,121

			TOTAL RETAILING					260,121


SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.5%
	250,000		Intel Corp	1.350		12/15/17		249,928

			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT					249,928


TECHNOLOGY HARDWARE & EQUIPMENT - 0.9%
	250,000	g	CC Holdings GS V LLC	2.381		12/15/17		251,222
	250,000		International Business Machines Corp	1.875		08/01/22		240,577

			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT					491,799


TELECOMMUNICATION SERVICES - 0.4%
	200,000		Virgin Media Finance plc	4.875		02/15/22		204,500

			TOTAL TELECOMMUNICATION SERVICES					204,500


TRANSPORTATION - 2.3%
	250,000		Burlington Northern Santa Fe LLC	3.050		03/15/22		258,001
	250,000		CSX Corp	4.100		03/15/44		246,785
	250,000		Norfolk Southern Corp	3.950		10/01/42		247,647
	250,000	g	Sydney Airport Finance Co Pty Ltd	3.900		03/22/23		255,373
	250,000		United Parcel Service, Inc	1.125		10/01/17		250,449

			TOTAL TRANSPORTATION					1,258,255


UTILITIES - 3.9%
	250,000		American Water Capital Corp	4.300		12/01/42		259,633
	250,000	g	Narragansett Electric Co	4.170		12/10/42		247,713
	250,000	g	Niagara Mohawk Power Corp	2.721		11/28/22		248,598
	250,000	g	Niagara Mohawk Power Corp	4.119		11/28/42		244,726
	105,000		Northeast Utilities	5.650		06/01/13		107,183
	250,000		NSTAR Electric Co	2.375		10/15/22		248,459
	250,000	g	Texas Eastern Transmission LP	2.800		10/15/22		250,080
	250,000	g	Topaz Solar Farms LLC	5.750		09/30/39		258,793
	250,000		Western Massachusetts Electric Co	3.500		09/15/21		267,492

			TOTAL UTILITIES					2,132,677


			TOTAL CORPORATE BONDS					20,766,084

			(Cost $20,686,706)

GOVERNMENT BONDS - 45.0%

AGENCY SECURITIES - 8.8%
	1,000,000		Federal Home Loan Mortgage Corp (FHLMC)	1.000		09/29/17		1,010,507
	1,000,000		Federal National Mortgage Association (FNMA)	0.875		08/28/14		1,010,069
	1,000,000		FNMA	0.500		09/28/15		1,003,155

166

TIAA-CREF FUNDS - Social Choice Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	250,000	j	Overseas Private Investment Corp (OPIC)	0.000	%	04/30/15	$	250,430
	250,000	m	OPIC	2.310		11/15/30		250,000
	250,000		Private Export Funding Corp (PEFCO)	2.050		11/15/22		249,506
	395,000		United States Department of Housing and Urban Development (HUD)	4.140		08/01/14		419,169
	250,000		NCUA Guaranteed Notes	1.400		06/12/15		255,743
	250,000		NCUA Guaranteed Notes	3.450		06/12/21		280,732

			TOTAL AGENCY SECURITIES					4,729,311


FOREIGN GOVERNMENT BONDS - 2.8%
	250,000		Hydro Quebec	1.375		06/19/17		253,350
	250,000		International Finance Corp	0.500		05/15/15		250,752
	750,000		North American Development Bank	2.400		10/26/22		756,426
	250,000		Province of British Columbia Canada	2.000		10/23/22		246,357

			TOTAL FOREIGN GOVERNMENT BONDS					1,506,885


MORTGAGE BACKED - 21.4%
	237,547		Federal National Mortgage Association (FNMA)	4.500		10/01/19		256,185
	461,511		FNMA	5.000		09/01/25		501,542
	479,987		FNMA	3.500		11/01/25		522,220
	960,571		FNMA	3.000		05/01/27		1,032,044
	432,424		FNMA	5.000		11/01/33		471,125
	422,716		FNMA	5.500		04/01/34		464,578
	443,479		FNMA	5.500		08/01/37		487,396
	1,572,898		FNMA	4.500		08/01/39		1,769,415
	874,659		FNMA	4.500		04/01/40		983,938
	970,737		FNMA	4.000		10/01/40		1,084,431
	974,116		FNMA	3.500		08/01/42		1,060,686
	345,862		Government National Mortgage Association (GNMA)	5.000		10/20/39		383,262
	450,382		GNMA	4.000		06/15/40		494,918
	921,171		GNMA	4.000		05/20/42		1,003,628
	484,767		GNMA	3.500		06/20/42		527,366
	442,781		GNMA	5.000		06/20/42		490,954

			TOTAL MORTGAGE BACKED					11,533,688


MUNICIPAL BONDS - 5.0%
	300,000		American Municipal Power	6.270		02/15/50		358,683
	250,000		California Pollution Control Financing Authority	5.000		07/01/27		267,285
	250,000		California Pollution Control Financing Authority	5.000		07/01/37		258,005
	500,000		Metropolitan Council	1.900		09/01/21		495,540
	250,000		Niagara Area Development Corp	4.000		11/01/24		248,128
	170,000		Ohio State Water Development Authority	4.879		12/01/34		191,437
	170,000		Pend Oreille County Public Utility District No Box Canyon	0.834		01/01/13		170,000
	250,000		Pend Oreille County Public Utility District No Box Canyon	1.987		01/01/16		249,400
	205,000		Pend Oreille County Public Utility District No Box Canyon	2.417		01/01/17		203,971
	250,000		Pend Oreille County Public Utility District No Box Canyon	3.421		01/01/20		249,302

			TOTAL MUNICIPAL BONDS					2,691,751


U.S. TREASURY SECURITIES - 7.0%
	725,000		United States Treasury Bond	2.750		08/15/42		700,078
	1,000,000		United States Treasury Note	0.250		10/31/14		1,000,234
	500,000		United States Treasury Note	0.250		12/15/15		498,515

167

TIAA-CREF FUNDS - Social Choice Bond Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	1,360,000		United States Treasury Note	0.625	%	11/30/17	$	1,355,432
	219,000		United States Treasury Note	1.625		11/15/22		216,605

			TOTAL U.S. TREASURY SECURITIES					3,770,864


			TOTAL GOVERNMENT BONDS					24,232,499

			(Cost $24,201,449)

STRUCTURED ASSETS - 8.8%

ASSET BACKED - 1.9%
	250,000		Ally Master Owner Trust	1.720		07/15/19		253,091
			Series - 2012 4 (Class A)
	250,000	g	Avis Budget Rental Car Funding AESOP LLC	2.100		03/20/19		255,022
			Series - 2012 3A (Class A)
	240,313	g	DB/UBS Mortgage Trust	3.742		11/10/46		259,925
			Series - 2011 LC1A (Class A1)
	260,000		Ford Credit Floorplan Master Owner Trust	2.370		09/15/15		262,213
			Series - 2011 2 (Class C)

			TOTAL ASSET BACKED					1,030,251


OTHER MORTGAGE BACKED - 6.9%
	250,000	g	7 WTC Depositor LLC Trust	4.082		03/13/31		263,944
			Series - 2012 7WTC (Class A)
	250,000	i	Banc of America Commercial Mortgage, Inc	5.625		04/10/49		292,395
			Series - 2007 2 (Class A4)
	495,518	i	Countrywide Home Loan Mortgage Pass Through Trust	2.934		11/20/34		450,989
			Series - 2004 HYB6 (Class A2)
	250,000	g	GS Mortgage Securities Corp II	3.551		04/10/34		270,057
			Series - 2012 ALOH (Class A)
	250,000		JP Morgan Chase Commercial Mortgage Securities Corp	3.507		05/15/45		272,737
			Series - 2012 C6 (Class A3)
	250,000		JP Morgan Chase Commercial Mortgage Securities Corp	5.440		05/15/45		280,857
			Series - 2006 LDP8 (Class AM)
	250,000		LB-UBS Commercial Mortgage Trust	5.424		02/15/40		290,223
			Series - 2007 C1 (Class A4)
	250,000	g	OBP Depositor LLC Trust	4.646		07/15/45		293,379
			Series - 2010 OBP (Class A)
	500,000		RFMSI Trust	5.500		03/25/35		522,225
			Series - 2005 S2 (Class A6)
	249,617	i	Sequoia Mortgage Trust	2.500		12/25/42		255,327
			Series - 2012 6 (Class A1)
	250,000		UBS Commercial Mortgage Trust	3.400		05/10/45		269,640
			Series - 2012 C1 (Class A3)
	250,000		UBS-Barclays Commercial Mortgage Trust	3.525		05/10/63		270,827
			Series - 2012 C2 (Class A4)

			TOTAL OTHER MORTGAGE BACKED					3,732,600


			TOTAL STRUCTURED ASSETS					4,762,851

			(Cost $4,733,407)

			TOTAL BONDS					49,761,434

			(Cost $49,621,562)

168

TIAA-CREF FUNDS - Social Choice Bond Fund

SHARES

COMPANY

RATE

MATURITY
DATE

VALUE

PREFERRED STOCKS - 0.5%

BANKS - 0.5%

250

M&T Bank Corp

5.000

12/30/49

257,437

TOTAL BANKS

257,437

TOTAL PREFERRED STOCKS

257,437

(Cost $255,625)

PRINCIPAL

ISSUER

SHORT-TERM INVESTMENTS - 5.6%

TREASURY DEBT - 5.6%

3,000,000

United States Treasury Bill

0.080

05/02/13

2,999,151

TOTAL TREASURY DEBT

2,999,151

TOTAL SHORT-TERM INVESTMENTS

2,999,151

(Cost $2,999,193)

TOTAL INVESTMENTS - 98.2%

53,018,022

(Cost $52,876,380)

OTHER ASSETS & LIABILITIES, NET - 1.8%

978,325

NET ASSETS - 100.0%

53,996,347

Floating or variable rate security. Coupon reflects the rate at period end.

Zero coupon.

Indicates a security that has been deemed illiquid.

169

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

TIAA-CREF FUNDS
TAX-EXEMPT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

LONG-TERM MUNICIPAL BONDS - 92.7%

ALABAMA - 0.8%
$	1,025,000	Alabama Public School & College Authority	5.000	%	05/01/19	$	1,248,286
	1,785,000	Southeast Alabama Gas District	5.000		06/01/18		1,966,927

		TOTAL ALABAMA					3,215,213


ALASKA - 0.2%
	560,000	Alaska Railroad Corp	5.250		08/01/16		631,159

		TOTAL ALASKA					631,159


ARIZONA - 3.9%
	1,000,000	Arizona Health Facilities Authority	5.000		02/01/20		1,166,110
	1,000,000	Arizona Health Facilities Authority	5.000		02/01/34		1,086,550
	1,110,000	Arizona School Facilities Board, COP	5.750		09/01/18		1,350,848
	1,225,000	Arizona School Facilities Board, COP	5.000		09/01/19		1,442,976
	2,000,000	City of Tucson AZ, GO	5.000		07/01/20		2,432,600
	905,000	Phoenix Industrial Development Authority	4.875		09/01/22		912,928
	675,000	Phoenix Industrial Development Authority	5.375		09/01/32		686,907
	3,525,000	Phoenix Industrial Development Authority	5.250		06/01/34		3,961,642
	1,000,000	Phoenix Industrial Development Authority	5.625		09/01/42		1,017,430
	1,260,000	Tucson AZ, COP	5.250		07/01/14		1,338,120

		TOTAL ARIZONA					15,396,111


ARKANSAS - 0.3%
	1,000,000	Arkansas Development Finance Authority	5.500		12/01/18		1,199,410

		TOTAL ARKANSAS					1,199,410


CALIFORNIA - 16.4%
	410,000	Abag Finance Authority for Nonprofit Corps	5.000		07/01/21		489,368
	500,000	Abag Finance Authority for Nonprofit Corps	5.000		07/01/22		598,035
	1,500,000	Abag Finance Authority for Nonprofit Corps	5.000		04/01/32		1,686,690
	1,000,000	Abag Finance Authority for Nonprofit Corps	5.000		04/01/42		1,093,860
	1,000,000	California Health Facilities Financing Authority	5.000		08/15/21		1,202,080
	1,500,000	California Health Facilities Financing Authority	5.000		11/15/35		1,715,865
	1,000,000	California Health Facilities Financing Authority	5.000		08/15/42		1,127,620
	3,500,000	California Pollution Control Financing Authority, AMT	4.750		12/01/23		3,820,600
	2,000,000	California State Department of Water Resources	5.000		05/01/20		2,482,260
	1,000,000	California State Public Works Board	5.000		11/01/22		1,201,110
	3,000,000	California State Public Works Board	5.000		11/01/27		3,435,690
	1,000,000	California State Public Works Board	5.000		11/01/37		1,093,280
	1,000,000	City of Los Angeles CA, GO	5.000		09/01/22		1,236,500
	1,000,000	City of Los Angeles CA, GO	5.000		09/01/23		1,226,690

170

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

$	2,000,000	County of San Bernardino CA, COP	5.250	%	08/01/19	$	2,309,240
	10,000	Delta Counties Home Mortgage Finance Authority, AMT	6.700		06/01/24		10,197
	2,500,000	East Side Union High School District-Santa Clara County	5.250		02/01/23		2,985,900
	2,250,000	Los Angeles Unified School District, COP	5.000		10/01/17		2,573,573
	635,000	Sacramento City Financing Authority	5.400		11/01/20		723,633
	1,000,000	Sacramento Municipal Utility District	4.000		08/15/22		1,144,930
	1,000,000	Sacramento Municipal Utility District	5.000		08/15/33		1,152,390
	1,000,000	San Diego Public Facilities Financing Authority	5.000		04/15/37		1,075,230
	1,855,000	State of California, GO	5.000		03/01/17		2,148,238
	375,000	State of California, GO	5.000		03/01/18		445,031
	1,000,000	State of California, GO	5.000		11/01/18		1,205,030
	1,000,000	State of California, GO	5.000		03/01/19		1,207,750
	1,430,000	State of California	5.000		07/01/19		1,756,355
	850,000	State of California, GO	5.250		02/01/20		1,050,336
	2,000,000	State of California, GO	5.000		02/01/22		2,447,320
	2,000,000	State of California	5.000		04/01/22		2,452,800
	2,000,000	State of California, GO	5.250		10/01/22		2,510,240
	1,000,000	State of California, GO	5.000		09/01/36		1,138,690
	3,000,000	State of California, GO	5.000		02/01/38		3,382,020
	2,000,000	State of California	5.000		04/01/42		2,250,160
	1,000,000	State of California, GO	5.000		09/01/42		1,129,860
	1,000,000	University of California	5.000		05/15/37		1,150,730
	1,450,000	West Contra Costa Unified School District	6.000		08/01/21		1,848,489
	1,710,000	West Contra Costa Unified School District, GO	5.700		02/01/21		2,110,653
	1,810,000	West Contra Costa Unified School District, GO	5.700		02/01/22		2,255,966

		TOTAL CALIFORNIA					64,874,409


COLORADO - 2.5%
	2,045,000	Colorado Health Facilities Authority	5.000		02/01/25		2,377,722
	2,000,000	Colorado Health Facilities Authority	5.000		12/01/33		2,188,300
	1,375,000	Denver City & County School District No, GO	5.000		12/01/23		1,752,671
	1,000,000	Denver City & County School District No, GO	5.500		12/01/23		1,323,030
	1,000,000	Jefferson County Colorado School District, GO	5.000		12/15/23		1,269,960
	200,000	Rangely Hospital District, GO	3.000		11/01/14		205,050
	350,000	Rangely Hospital District, GO	5.000		11/01/15		381,717
	350,000	Rangely Hospital District, GO	5.000		11/01/16		390,110

		TOTAL COLORADO					9,888,560


CONNECTICUT - 0.7%
	1,400,000	Connecticut State Health & Educational Facility Authority	5.000		07/01/22		1,619,772
	1,000,000	State of Connecticut	5.000		05/15/21		1,250,940

		TOTAL CONNECTICUT					2,870,712


DELAWARE - 0.8%
	1,500,000	State of Delaware, GO	5.000		07/01/22		1,882,785
	1,000,000	State of Delaware, GO	5.000		07/01/23		1,241,530

		TOTAL DELAWARE					3,124,315

171

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

DISTRICT OF COLUMBIA - 0.3%
$	1,000,000	District of Columbia	5.000	%	10/01/24	$	1,161,920

		TOTAL DISTRICT OF COLUMBIA					1,161,920


FLORIDA - 3.9%
	1,485,000	Broward County School Board, COP	5.250		07/01/16		1,689,514
	450,000	City of Jacksonville FL	5.000		10/01/19		549,653
	1,500,000	City of Jacksonville FL	5.000		10/01/19		1,861,470
	552,000	City of Lakeland FL, ETM	5.750		10/01/19		605,213
	1,000,000	City of Tampa FL	5.000		11/15/33		1,123,940
	845,000	County of Brevard FL, GO	5.000		07/01/16		918,456
	1,365,000	County of Brevard FL, GO	5.000		01/01/21		1,691,071
	1,000,000	County of Miami-Dade FL, GO	5.000		07/01/17		1,174,300
	1,000,000	County of Orange FL	5.000		10/01/21		1,206,520
	2,200,000	Florida Department of Transportation	5.000		07/01/18		2,605,548
	550,000	Florida Higher Educational Facilities Financial Authority	4.000		04/01/15		581,691
	1,000,000	Florida State Department of Management Services, COP	5.000		08/01/18		1,210,320

		TOTAL FLORIDA					15,217,696


GEORGIA - 0.6%
	430,000	Cherokee County Water & Sewer Authority	5.500		08/01/18		486,777
	75,000	City of Atlanta GA	5.500		11/01/19		94,170
	125,000	City of Atlanta GA	5.500		11/01/22		154,412
	555,000	Metropolitan Atlanta Rapid Transit Authority	6.250		07/01/18		626,018
	480,000	Municipal Electric Authority of Georgia	6.500		01/01/17		541,954
	250,000	Private Colleges & Universities Authority	5.000		10/01/15		275,757
	225,000	Private Colleges & Universities Authority	5.000		10/01/16		252,934

		TOTAL GEORGIA					2,432,022


GUAM - 0.4%
	1,250,000	Guam Power Authority	5.000		10/01/34		1,352,050

		TOTAL GUAM					1,352,050


HAWAII - 0.3%
	1,000,000	State of Hawaii, GO	5.000		12/01/22		1,254,800

		TOTAL HAWAII					1,254,800


ILLINOIS - 9.5%
	1,230,000	Chicago Board of Education	6.000		01/01/20		1,421,905
	1,665,000	Chicago Board of Education, GO	5.000		12/01/21		1,983,814
	1,000,000	Chicago Public Building Commission	5.250		03/01/24		1,197,280
	2,085,000	Chicago State University	5.500		12/01/23		2,409,071
	970,000	Chicago Transit Authority	5.000		12/01/22		1,161,711
	465,000	Chicago Transit Authority	5.250		12/01/23		562,004
	1,220,000	Chicago Transit Authority	5.250		12/01/24		1,465,903
	1,500,000	City of Chicago IL O’Hare International Airport Revenue, AMT	5.000		01/01/18		1,741,395
	3,000,000	City of Chicago IL O’Hare International Airport Revenue, AMT	5.000		01/01/22		3,503,250
	470,000	City of Chicago IL, GO	5.000		01/01/21		558,007
	470,000	Cook County Community Consolidated School District No 64, GO	5.500		12/01/14		506,434

172

TIAA-CREF FUNDS - Tax-Exempt Bond Fund



PRINCIPAL		ISSUER	RATE		DATE	VALUE

$	250,000	Cook-Kane Lake & Mchenry Counties Community College District No 512	5.000	%	12/01/18	$	310,800
	1,600,000	Illinois Finance Authority	5.000		08/15/36		1,761,488
	3,500,000	Illinois Finance Authority	5.000		09/01/38		3,697,435
	115,000	Madison-Bond Etc Counties Community Unit School District No 5, GO	5.000		02/01/19		125,086
	1,650,000	Regional Transportation Authority	6.000		06/01/23		2,088,075
	1,500,000	State of Illinois	5.000		06/15/19		1,833,855
	2,045,000	State of Illinois, GO	5.000		01/01/20		2,230,379
	1,835,000	State of Illinois, GO	5.000		01/01/20		2,102,268
	1,650,000	State of Illinois, GO	5.000		01/01/20		1,888,062
	1,000,000	State of Illinois, GO	5.250		01/01/20		1,160,100
	935,000	State of Illinois	6.250		12/15/20		1,052,100
	875,000	State of Illinois, GO	5.000		04/01/21		973,621
	1,610,000	State of Illinois, GO	5.000		08/01/23		1,847,974

		TOTAL ILLINOIS					37,582,017


INDIANA - 4.1%
	770,000	Franklin Community Multi-School Building Corp	5.000		07/15/22		917,224
	1,000,000	Griffith Multi-School Building Corp	5.000		07/15/15		1,100,230
	1,520,000	Hammond Multi-School Building Corp	5.000		07/15/17		1,730,702
	2,120,000	Indiana Bond Bank	5.250		04/01/19		2,537,470
	250,000	Indiana Finance Authority	5.000		09/15/17		276,477
	250,000	Indiana Finance Authority	5.000		09/15/18		278,628
	250,000	Indiana Finance Authority	5.000		09/15/19		278,998
	2,500,000	Indiana Finance Authority	5.000		03/01/41		2,699,950
	320,000	Indiana State Finance Authority Revenue	5.000		02/01/15		349,686
	500,000	Indiana University	5.000		08/01/19		617,280
	500,000	Indiana University	5.000		08/01/20		623,645
	500,000	Indiana University	5.000		08/01/21		628,865
	1,940,000	Indianapolis Local Public Improvement Bond Bank	5.500		01/01/21		2,400,420
	400,000	Lawrence Township School Building Corp	5.000		07/10/19		470,036
	535,000	New Albany Floyd County School Building Corp	5.000		07/15/15		578,822
	625,000	South Bend Redevelopment Authority	5.750		08/15/18		760,088

		TOTAL INDIANA					16,248,521


KANSAS - 0.6%
	2,000,000	Kansas Development Finance Authority	5.000		11/15/34		2,297,960

		TOTAL KANSAS					2,297,960


KENTUCKY - 0.3%
	500,000	Lexington-Fayette Urban County Government Public Facilities Corp	5.000		06/01/17		576,685
	500,000	Lexington-Fayette Urban County Government Public Facilities Corp	5.000		06/01/21		608,210

		TOTAL KENTUCKY					1,184,895


LOUISIANA - 0.3%
	1,000,000	Louisiana Public Facilities Authority	5.250		10/01/24		1,190,470

		TOTAL LOUISIANA					1,190,470

173

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

MAINE - 0.3%
$	90,000	Maine Health & Higher Educational Facilities Authority	5.000	%	07/01/15	$	98,324
	1,000,000	Maine Health & Higher Educational Facilities Authority	5.000		07/01/20		1,154,320

		TOTAL MAINE					1,252,644


MARYLAND - 0.5%
	500,000	Maryland Health & Higher Educational Facilities Authority	5.000		05/15/23		602,170
	1,000,000	Maryland Health & Higher Educational Facilities Authority	5.000		05/15/25		1,195,100

		TOTAL MARYLAND					1,797,270


MASSACHUSETTS - 1.7%
	2,000,000	Commonwealth of Massachusetts	5.000		08/01/20		2,504,320
	500,000	Massachusetts Bay Transportation Authority	5.250		07/01/20		633,205
	1,000,000	Massachusetts Bay Transportation Authority	5.500		07/01/22		1,310,300
	2,000,000	Massachusetts Development Finance Agency	5.000		10/01/22		2,347,460

		TOTAL MASSACHUSETTS					6,795,285


MICHIGAN - 1.6%
	1,000,000	Michigan Finance Authority	5.000		11/15/36		1,100,500
	1,005,000	Michigan Municipal Bond Authority	5.000		10/01/19		1,279,968
	250,000	Michigan State Building Authority	5.000		10/15/19		302,798
	1,000,000	Michigan State Building Authority	5.000		10/15/20		1,214,340
	565,000	State of Michigan	5.250		05/15/18		673,152
	1,485,000	State of Michigan	5.500		11/01/18		1,822,540

		TOTAL MICHIGAN					6,393,298


MINNESOTA - 1.2%
	1,000,000	Minnesota Public Facilities Authority	5.000		03/01/16		1,134,750
	1,715,000	University of Minnesota	5.000		08/01/21		2,169,475
	1,000,000	University of Minnesota	5.000		12/01/25		1,240,900

		TOTAL MINNESOTA					4,545,125


MISSISSIPPI - 0.9%
	2,100,000	Mississippi Development Bank Special Obligation	5.000		07/01/17		2,365,503
	590,000	Mississippi Development Bank Special Obligation	5.000		11/01/17		658,340
	500,000	University of Mississippi Educational Building Corp	5.000		10/01/23		611,655

		TOTAL MISSISSIPPI					3,635,498


MISSOURI - 0.4%
	1,640,000	St Louis Regional Convention & Sports Complex Authority	5.250		08/15/14		1,722,049

		TOTAL MISSOURI					1,722,049


NEBRASKA - 0.8%
	1,000,000	Central Plains Energy Project	5.000		09/01/22		1,120,250
	1,000,000	Lincoln County Hospital Authority	4.000		11/01/20		1,097,030

174

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

$	1,000,000	Lincoln County Hospital Authority	4.000	%	11/01/21	$	1,087,510

		TOTAL NEBRASKA					3,304,790


NEVADA - 0.3%
	1,000,000	City of Carson City NV	5.000		09/01/33		1,098,750

		TOTAL NEVADA					1,098,750


NEW HAMPSHIRE - 1.6%
	725,000	New Hampshire Health & Education Facilities Authority	2.000		07/01/18		716,793
	830,000	New Hampshire Health & Education Facilities Authority	2.250		07/01/19		821,567
	815,000	New Hampshire Health & Education Facilities Authority	2.500		07/01/20		803,468
	665,000	New Hampshire Health & Education Facilities Authority	2.750		07/01/21		657,539
	2,000,000	New Hampshire Health & Education Facilities Authority	5.000		07/01/33		2,204,820
	1,000,000	New Hampshire Health & Education Facilities Authority	5.000		01/01/34		1,104,300

		TOTAL NEW HAMPSHIRE					6,308,487


NEW JERSEY - 3.7%
	25,000	Garden State Preservation Trust	5.125		11/01/18		30,630
	1,115,000	New Jersey Environmental Infrastructure Trust	5.250		09/01/21		1,462,802
	30,000	New Jersey State Turnpike Authority	6.500		01/01/16		34,496
	15,000	New Jersey State Turnpike Authority	6.500		01/01/16		17,601
	1,000,000	New Jersey State Turnpike Authority	5.000		01/01/35		1,135,500
	40,000	New Jersey State Turnpike Authority, ETM	6.500		01/01/16		42,984
	75,000	New Jersey State Turnpike Authority, ETM	6.500		01/01/16		82,436
	25,000	New Jersey State Turnpike Authority, ETM	6.500		01/01/16		29,416
	1,815,000	New Jersey Transportation Trust Fund Authority	5.250		12/15/19		2,224,845
	500,000	New Jersey Transportation Trust Fund Authority	5.000		06/15/20		607,545
	1,025,000	New Jersey Transportation Trust Fund Authority	5.250		12/15/20		1,265,250
	2,000,000	New Jersey Transportation Trust Fund Authority	5.750		06/15/23		2,590,080
	1,000,000	New Jersey Transportation Trust Fund Authority	5.250		06/15/23		1,209,070
	1,000,000	New Jersey Transportation Trust Fund Authority	5.250		06/15/24		1,201,480
	2,000,000	State of New Jersey, GO	5.250		08/01/22		2,563,820

		TOTAL NEW JERSEY					14,497,955


NEW YORK - 10.8%
	700,000	Build NYC Resource Corp	5.000		08/01/21		849,954
	1,000,000	Build NYC Resource Corp	5.000		08/01/32		1,166,260
	1,000,000	City of New York NY, GO	5.000		10/01/23		1,229,570
	100,000	County of Onondaga NY	5.000		12/01/21		123,998
	1,000,000	Metropolitan Transportation Authority	5.000		11/15/20		1,246,930
	1,000,000	Metropolitan Transportation Authority	5.250		11/15/20		1,232,110
	1,000,000	Metropolitan Transportation Authority	5.000		11/15/21		1,220,740
	3,635,000	Metropolitan Transportation Authority	5.000		11/15/22		4,449,894
	1,000,000	Metropolitan Transportation Authority	5.250		11/15/23		1,253,680
	2,000,000	New York City Health & Hospital Corp	5.000		02/15/20		2,368,300
	1,500,000	New York City Transitional Finance Authority	5.000		11/01/20		1,887,480
	1,050,000	New York State Dormitory Authority	5.000		01/15/16		1,159,137
	1,000,000	New York State Dormitory Authority	5.000		07/01/16		1,122,990
	500,000	New York State Dormitory Authority	5.000		07/01/17		539,545

175

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

$	2,250,000	New York State Dormitory Authority	5.000	%	10/01/17	$	2,629,328
	1,000,000	New York State Dormitory Authority	5.000		10/01/18		1,188,810
	1,000,000	New York State Dormitory Authority	5.000		02/15/19		1,205,670
	1,405,000	New York State Dormitory Authority	5.000		07/01/19		1,620,639
	1,000,000	New York State Dormitory Authority	5.000		10/01/19		1,204,390
	1,100,000	New York State Dormitory Authority	5.000		07/01/20		1,308,318
	135,000	New York State Dormitory Authority	5.000		07/01/21		157,418
	1,175,000	New York State Dormitory Authority	5.000		02/15/24		1,461,054
	250,000	New York State Environmental Facilities Corp	5.000		08/15/19		311,667
	250,000	New York State Environmental Facilities Corp	5.000		08/15/20		316,225
	1,000,000	New York State Thruway Authority	5.000		04/01/21		1,240,600
	1,100,000	New York State Urban Development Corp	5.000		03/15/18		1,317,954
	2,000,000	New York State Urban Development Corp	5.000		03/15/20		2,472,760
	1,635,000	Port Authority of New York & New Jersey, AMT	5.000		09/15/20		1,965,172
	1,000,000	State of New York, GO	5.000		12/15/20		1,262,140
	2,000,000	Tobacco Settlement Financing Corp	5.000		06/01/18		2,373,740
	200,000	Town of Niagara NY	4.000		05/01/15		213,324
	550,000	Town of Niagara NY	5.000		05/01/22		650,166

		TOTAL NEW YORK					42,749,963


NORTH CAROLINA - 1.1%
	540,000	City of Charlotte NC	5.000		07/01/22		657,931
	1,000,000	City of Charlotte NC	5.000		07/01/23		1,207,200
	500,000	City of Charlotte NC	5.000		07/01/25		595,100
	1,000,000	County of New Hanover NC, GO	5.000		12/01/20		1,274,620
	485,000	North Carolina Eastern Municipal Power Agency, ETM	5.000		01/01/21		611,633

		TOTAL NORTH CAROLINA					4,346,484


OHIO - 4.2%
	1,445,000	Cincinnati City School District	5.250		06/01/23		1,763,507
	2,000,000	City of Cincinnati OH	5.000		12/01/21		2,539,640
	1,500,000	City of Columbus OH, GO	5.000		07/01/21		1,903,440
	750,000	County of Lucas OH	5.000		11/15/22		897,562
	1,000,000	Ohio Air Quality Development Authority	5.625		06/01/18		1,167,610
	1,000,000	Ohio State Water Development Authority	5.500		06/01/22		1,308,800
	25,000	Ohio State Water Development Authority, ETM	6.000		12/01/16		27,501
	1,000,000	State of Ohio, GO	5.000		09/15/20		1,251,040
	1,660,000	State of Ohio	5.000		01/15/21		1,935,278
	1,000,000	State of Ohio, GO	5.000		08/01/21		1,259,540
	1,200,000	State of Ohio	5.000		01/01/23		1,428,540
	1,000,000	State of Ohio	5.000		01/01/24		1,182,460

		TOTAL OHIO					16,664,918


OKLAHOMA - 0.3%
	1,000,000	Oklahoma Turnpike Authority	5.000		01/01/24		1,203,360

		TOTAL OKLAHOMA					1,203,360

176

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

OREGON - 0.2%
$	740,000	State of Oregon, GO	5.000	%	05/01/21	$	939,319

		TOTAL OREGON					939,319


PENNSYLVANIA - 3.8%
	765,000	Carbon County Hospital Authority	5.400		11/15/14		776,506
	3,000,000	Centre County Hospital Authority	5.000		11/15/32		3,348,630
	350,000	Commonwealth of Pennsylvania, GO	5.000		01/01/16		394,814
	1,925,000	Commonwealth of Pennsylvania, GO	5.000		02/15/19		2,360,050
	1,500,000	Dauphin County General Authority	5.000		06/01/42		1,596,015
	500,000	Delaware River Joint Toll Bridge Commission	5.000		07/01/22		610,710
	195,000	Lackawanna Housing Authority	5.000		09/01/16		216,553
	1,000,000	Pennsylvania Higher Educational Facilities Authority	5.000		08/15/22		1,212,450
	2,000,000	Pennsylvania Turnpike Commission	5.000		12/01/22		2,382,180
	1,560,000	Pennsylvania Turnpike Commission	5.000		12/01/31		1,772,644
	200,000	Pittsburgh Urban Redevelopment Authority, ETM	6.500		09/01/13		208,162

		TOTAL PENNSYLVANIA					14,878,714



PUERTO RICO - 1.8%
	3,370,000	Puerto Rico Commonwealth Infrastructure Financing Authority	5.500		07/01/19		3,593,026
	1,000,000	Puerto Rico Highway & Transportation Authority	5.500		07/01/21		1,052,620
	145,000	Puerto Rico Highway & Transportation Authority	5.250		07/01/22		188,762
	255,000	Puerto Rico Highway & Transportation Authority, ETM	5.250		07/01/22		278,284
	1,225,000	Puerto Rico Infrastructure Financing Authority	5.500		07/01/18		1,304,846
	475,000	Puerto Rico Public Buildings Authority	6.250		07/01/21		524,661
	5,000	Puerto Rico Public Buildings Authority, ETM	5.500		07/01/13		5,126
	250,000	Puerto Rico Public Finance Corp	6.000		08/01/24		265,818

		TOTAL PUERTO RICO					7,213,143


RHODE ISLAND - 1.2%
	315,000	Providence Housing Authority	5.000		09/01/18		349,455
	790,000	Rhode Island State & Providence Plantations, COP	5.250		10/01/14		853,547
	800,000	Rhode Island State & Providence Plantations, COP	5.000		10/01/16		897,144
	2,000,000	State of Rhode Island, GO	5.000		08/01/21		2,470,620

		TOTAL RHODE ISLAND					4,570,766


SOUTH CAROLINA - 1.1%
	750,000	Lexington County Health Services District, Inc	5.000		11/01/19		899,205
	750,000	Lexington County Health Services District, Inc	5.000		11/01/21		903,570
	1,120,000	Scago Educational Facilities Corp for Colleton School District	5.000		12/01/16		1,283,856
	1,000,000	Scago Public Facilities Corp for Georgetown County	5.000		12/01/19		1,212,050

		TOTAL SOUTH CAROLINA					4,298,681


SOUTH DAKOTA - 0.2%
	500,000	State of South Dakota	6.700		09/01/17		566,365

		TOTAL SOUTH DAKOTA					566,365


TENNESSEE - 0.7%
	1,000,000	Memphis-Shelby County Airport Authority, AMT	5.625		07/01/20		1,206,980

177

TIAA-CREF FUNDS - Tax-Exempt Bond Fund


PRINCIPAL		ISSUER	RATE		DATE	VALUE

$	1,500,000	Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd	6.000	%	12/01/16	$	1,631,040

		TOTAL TENNESSEE					2,838,020


TEXAS - 2.4%
	970,000	Bexar Metropolitan Water District	5.000		05/01/17		1,100,310
	725,000	County of Harris TX	5.000		08/15/16		831,568
	160,000	Harris County Flood Control District, GO	5.000		10/01/14		172,877
	500,000	Lower Colorado River Authority	5.000		05/15/21		619,765
	500,000	Lower Colorado River Authority	5.000		05/15/22		612,400
	500,000	Lower Colorado River Authority	5.000		05/15/23		603,015
	1,515,000	Lower Colorado River Authority, ETM	6.000		01/01/17		1,812,667
	1,000,000	Lubbock Health Facilities Development Corp	5.000		07/01/19		1,179,120
	310,000	North Central Texas Health Facility Development Corp, ETM	5.500		06/01/21		383,823
	1,000,000	State of Texas	5.000		10/01/22		1,254,060
	630,000	Tarrant County Health Facilities Development Corp, ETM	6.000		09/01/24		813,651

		TOTAL TEXAS					9,383,256


UTAH - 0.9%
	1,000,000	State of Utah, GO	5.000		07/01/21		1,277,160
	900,000	Utah State Board of Regents	5.000		08/01/22		1,070,100
	535,000	Utah Transit Authority	5.000		06/15/21		652,663
	510,000	Utah Transit Authority	5.000		06/15/22		624,862

		TOTAL UTAH					3,624,785


VIRGINIA - 0.4%
	285,000	Tobacco Settlement Financing Corp, ETM	5.500		06/01/26		307,335
	1,000,000	Virginia College Building Authority	5.000		02/01/23		1,260,010

		TOTAL VIRGINIA					1,567,345


WASHINGTON - 1.8%
	3,150,000	Port of Seattle WA	5.500		09/01/17		3,634,943
	500,000	State of Washington, GO	5.000		06/01/24		608,640
	1,025,000	Washington Health Care Facilities Authority	5.000		12/01/32		1,100,348
	290,000	Washington Higher Education Facilities Authority	5.000		05/01/19		339,187
	625,000	Washington Higher Education Facilities Authority	5.000		05/01/20		736,294
	660,000	Washington Higher Education Facilities Authority	5.000		05/01/21		781,116

		TOTAL WASHINGTON					7,200,528


WEST VIRGINIA - 0.8%
	1,000,000	City of Princeton WV	4.000		05/01/15		1,031,590
	1,500,000	City of Princeton WV	5.000		05/01/21		1,680,765
	500,000	City of Princeton WV	5.000		05/01/22		559,630

		TOTAL WEST VIRGINIA					3,271,985


WISCONSIN - 2.1%
	1,040,000	State of Wisconsin	5.000		05/01/19		1,269,372
	2,000,000	State of Wisconsin, GO	5.000		05/01/21		2,508,520

178

TIAA-CREF FUNDS - Tax-Exempt Bond Fund

PRINCIPAL

ISSUER

RATE

DATE

VALUE

1,000,000

State of Wisconsin, GO

5.000

05/01/21

1,254,260

1,500,000

Wisconsin Health & Educational Facilities Authority

5.000

06/01/32

1,633,785

1,500,000

Wisconsin Health & Educational Facilities Authority

5.000

06/01/39

1,604,445

TOTAL WISCONSIN

8,270,382

TOTAL LONG-TERM MUNICIPAL BONDS

366,061,405

(Cost $340,426,906)

TOTAL INVESTMENTS - 92.7%

366,061,405

(Cost $340,426,906)

OTHER ASSETS & LIABILITIES, NET - 7.3%

28,771,391

NET ASSETS - 100.0%

394,832,796

Abbreviation(s):

AMT

Alternative Minimum Tax (subject to)

COP

Certificate of Participation

ETM

Escrowed to Maturity

General Obligation

179

TIAA-CREF FUNDS - Money Market Fund

TIAA-CREF FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS (unaudited)
December 31, 2012


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

SHORT-TERM INVESTMENTS - 99.8%

CERTIFICATE OF DEPOSIT - 2.8%
$	5,600,000		National Australia Bank Ltd	0.270	%	02/01/13	$	5,600,240
	4,000,000		Toronto-Dominion Bank	0.200		01/16/13		4,000,000
	3,000,000		Toronto-Dominion Bank	0.200		01/24/13		3,000,000
	10,000,000		Toronto-Dominion Bank	0.220		02/05/13		10,000,000

			TOTAL CERTIFICATE OF DEPOSIT					22,600,240


COMMERCIAL PAPER - 38.5%
	5,500,000		Australia & New Zealand Banking Group Ltd	0.200		01/30/13		5,499,114
	4,875,000		Australia & New Zealand Banking Group Ltd	0.190-0.210		02/08/13		4,874,014
	4,000,000		Australia & New Zealand Banking Group Ltd	0.210		02/21/13		3,998,810
	1,235,000		Australia & New Zealand Banking Group Ltd	0.200		03/01/13		1,234,595
	2,750,000		Australia & New Zealand Banking Group Ltd	0.205		03/12/13		2,748,904
	5,750,000		Bank of Nova Scotia	0.150		01/04/13		5,749,928
	1,720,000		Bank of Nova Scotia	0.130		01/10/13		1,719,944
	1,500,000		Bank of Nova Scotia	0.190		01/23/13		1,499,826
	2,220,000		Bank of Nova Scotia	0.205		01/30/13		2,219,633
	350,000		Bank of Nova Scotia	0.350		02/15/13		349,847
	6,750,000		Bank of Nova Scotia	0.215		03/05/13		6,747,460
	631,000		Bank of Nova Scotia	0.240		04/18/13		630,532
	750,000		Bank of Nova Scotia	0.260		05/01/13		749,350
	5,000,000	y	Coca-Cola Co	0.170		01/11/13		4,999,764
	3,318,000	y	Coca-Cola Co	0.250-0.270		01/22/13		3,317,509
	300,000	y	Coca-Cola Co	0.180		01/24/13		299,965
	5,000,000	y	Coca-Cola Co	0.210		02/20/13		4,998,542
	1,500,000	y	Coca-Cola Co	0.150		03/08/13		1,499,588
	4,000,000	y	Coca-Cola Co	0.130-0.210		03/13/13		3,998,659
	4,360,000	y	Coca-Cola Co	0.220		04/05/13		4,357,495
	4,250,000	y	Coca-Cola Co	0.250		05/13/13		4,246,104
	2,610,000	y	Commonwealth Bank of Australia	0.205		01/04/13		2,609,955
	1,600,000	y	Commonwealth Bank of Australia	0.200		01/07/13		1,599,940
	5,835,000	y	Commonwealth Bank of Australia	0.195-0.200		01/08/13		5,834,774
	2,025,000	y	Commonwealth Bank of Australia	0.215		02/28/13		2,024,299
	3,720,000	y	Fairway Finance Corp	0.170-0.300		01/16/13		3,719,698
	3,480,000	y	Fairway Finance LLC	0.190		02/07/13		3,479,321
	3,540,000	y	Fairway Finance LLC	0.190		02/12/13		3,539,215
	640,000	y	Fairway Finance LLC	0.250		02/19/13		639,782
	1,480,000	y	Fairway Finance LLC	0.200		03/20/13		1,479,359
	5,000,000	y	Fairway Finance LLC	0.210		03/21/13		4,997,696
	10,000,000		General Electric Capital Corp	0.160		01/25/13		9,998,933
	1,600,000		General Electric Capital Corp	0.200		04/18/13		1,599,049
	8,601,000		General Electric Co	5.000		02/01/13		8,634,350
	2,000,000		JPMorgan Chase & Co	0.250		04/04/13		1,998,708
	305,000		JPMorgan Chase Bank NA	0.240		02/06/13		304,927
	865,000		JPMorgan Chase Bank NA	0.230		02/11/13		864,773

180

TIAA-CREF FUNDS - Money Market Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	307,000		JPMorgan Chase Bank NA	0.240	%	02/12/13	$	306,914
	281,000		JPMorgan Chase Bank NA	0.265		03/18/13		280,843
	887,000	y	National Australia Funding Delaware, Inc	0.180		01/03/13		886,991
	3,570,000	y	National Australia Funding Delaware, Inc	0.210		01/07/13		3,569,875
	1,660,000	y	National Australia Funding Delaware, Inc	0.190		01/10/13		1,659,921
	1,250,000	y	National Australia Funding Delaware, Inc	0.200-0.220		01/28/13		1,249,805
	3,600,000	y	National Australia Funding Delaware, Inc	0.205		01/29/13		3,599,426
	2,000,000	y	National Australia Funding Delaware, Inc	0.210		02/06/13		1,999,580
	6,000,000	y	Nestle Capital Corp	0.160		02/28/13		5,998,453
	5,000,000	y	Nestle Capital Corp	0.200		05/21/13		4,996,111
	3,000,000	y	Old Line Funding LLC	0.160		01/02/13		2,999,987
	250,000	y	Old Line Funding LLC	0.360		01/15/13		249,965
	2,000,000	y	Old Line Funding LLC	0.230		01/23/13		1,999,719
	4,500,000	y	Old Line Funding LLC	0.225		02/25/13		4,498,453
	5,000,000	y	Old Line Funding LLC	0.200		03/12/13		4,998,055
	2,500,000	y	Old Line Funding LLC	0.190		03/19/13		2,498,984
	1,100,000		PACCAR Financial Corp	0.150		01/02/13		1,099,995
	2,000,000		PACCAR Financial Corp	0.150		01/07/13		1,999,950
	1,325,000		PACCAR Financial Corp	0.150		02/07/13		1,324,796
	5,000,000	y	Private Export Funding Corp	0.210		01/18/13		4,999,504
	6,853,000	y	Procter & Gamble Co	0.150		01/04/13		6,852,914
	400,000	y	Procter & Gamble Co	0.110		01/07/13		399,993
	5,690,000	y	Procter & Gamble Co	0.150		01/24/13		5,689,455
	3,900,000	y	Procter & Gamble Co	0.165		02/08/13		3,899,321
	1,850,000	y	Procter & Gamble Co	0.170		02/21/13		1,849,554
	5,000,000	y	Procter & Gamble Co	0.160		03/04/13		4,998,622
	1,034,000		Province of Ontario Canada	0.155		02/07/13		1,033,835
	13,000,000		Province of Ontario Canada	0.165		02/14/13		12,997,378
	5,500,000		Province of Quebec Canada	0.140		01/17/13		5,499,658
	1,225,000		Province of Quebec Canada	0.160		01/29/13		1,224,848
	2,870,000		Province of Quebec Canada	0.150		02/12/13		2,869,498
	2,580,000		Province of Quebec Canada	0.165		02/20/13		2,579,409
	4,315,000		Province of Quebec Canada	0.155		02/21/13		4,314,052
	5,185,000		Province of Quebec Canada	0.170		02/27/13		5,183,604
	5,000,000		Standard Chartered Bank NY	0.300-0.310		03/11/13		4,997,068
	700,000		Standard Chartered Bank NY	0.330		04/02/13		699,416
	6,600,000		Straight-A Funding LLC	0.180		01/08/13		6,599,769
	5,051,000		Straight-A Funding LLC	0.180		01/10/13		5,050,773
	3,000,000		Straight-A Funding LLC	0.180		01/18/13		2,999,745
	3,000,000		Straight-A Funding LLC	0.190		02/26/13		2,999,113
	6,000,000		Straight-A Funding LLC	0.190		03/05/13		5,998,005
	5,000,000		Straight-A Funding LLC	0.190		03/11/13		4,998,179
	2,700,000		Thunder Bay Funding LLC	0.200		03/11/13		2,698,965
	5,000,000	y	Toronto-Dominion Holdings USA, Inc	0.200		01/14/13		4,999,639
	2,000,000	y	Unilever Capital Corp	0.150		01/11/13		1,999,917
	6,000,000	y	Unilever Capital Corp	0.130		01/17/13		5,999,653
	2,945,000	y	Variable Funding Capital Co LLC	0.170		01/25/13		2,944,666
	8,600,000	y	Variable Funding Capital Co LLC	0.170		01/28/13		8,598,904
	7,680,000	y	Variable Funding Capital Co LLC	0.170		01/29/13		7,678,985
	4,500,000	y	Wal-Mart Stores, Inc	0.110		01/24/13		4,499,684
	5,000,000	y	Wal-Mart Stores, Inc	0.100		02/05/13		4,999,514

			TOTAL COMMERCIAL PAPER					308,435,825

181

TIAA-CREF FUNDS - Money Market Fund


PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE

GOVERNMENT AGENCY DEBT - 22.1%
$	5,000,000	Federal Home Loan Bank (FHLB)	0.050	%	01/02/13	$	4,999,993
	5,000,000	FHLB	0.175		01/09/13		4,999,805
	5,857,000	FHLB	0.100-0.138		01/11/13		5,856,818
	5,500,000	FHLB	0.140-0.170		01/16/13		5,499,673
	4,400,000	FHLB	0.110		02/06/13		4,399,516
	4,000,000	FHLB	0.108-0.150		02/13/13		3,999,434
	2,500,000	FHLB	0.165		02/20/13		2,499,427
	751,000	FHLB	0.170		02/27/13		750,798
	1,800,000	FHLB	0.140		03/01/13		1,799,587
	5,000,000	FHLB	0.115		03/08/13		4,998,946
	5,200,000	FHLB	0.110		05/10/13		5,197,950
	8,400,000	Federal Home Loan Mortgage Corp (FHLMC)	0.130-0.145		01/03/13		8,399,936
	2,750,000	FHLMC	0.145		01/07/13		2,749,933
	5,903,000	FHLMC	0.160		01/08/13		5,902,816
	819,000	FHLMC	0.150		01/09/13		818,973
	7,232,000	FHLMC	0.150-0.195		01/14/13		7,231,530
	704,000	FHLMC	0.160		01/17/13		703,950
	12,000,000	FHLMC	0.145-0.150		01/22/13		11,998,973
	5,475,000	FHLMC	0.120-0.175		02/04/13		5,474,373
	4,500,000	FHLMC	0.125-0.160		02/11/13		4,499,296
	7,750,000	FHLMC	0.130-0.140		02/19/13		7,748,547
	3,700,000	FHLMC	0.060		02/25/13		3,699,661
	5,000,000	FHLMC	0.145		02/27/13		4,998,852
	1,215,000	FHLMC	0.125		03/04/13		1,214,738
	5,780,000	FHLMC	0.075-0.115		03/18/13		5,779,019
	500,000	FHLMC	0.100		03/25/13		499,885
	5,491,000	FHLMC	0.150		04/03/13		5,488,895
	10,000,000	FHLMC	0.090		04/15/13		9,997,400
	1,715,000	Federal National Mortgage Association (FNMA)	0.155-0.170		01/02/13		1,714,992
	1,750,000	FNMA	0.175-0.180		01/03/13		1,749,983
	1,300,000	FNMA	0.135		01/04/13		1,299,985
	2,060,000	FNMA	0.160		01/07/13		2,059,945
	5,000,000	FNMA	0.125		01/09/13		4,999,861
	2,950,000	FNMA	0.155		01/23/13		2,949,721
	10,000,000	FNMA	0.060		02/06/13		9,999,400
	2,638,000	FNMA	0.155		02/14/13		2,637,500
	12,060,000	FNMA	0.125-0.140		02/20/13		12,057,899
	625,000	FNMA	0.115		03/04/13		624,876
	4,700,000	FNMA	0.095		03/27/13		4,698,946

		TOTAL GOVERNMENT AGENCY DEBT					177,001,832


TREASURY DEBT - 20.0%
	4,430,000	United States Treasury Bill	0.103		01/10/13		4,429,887
	5,285,000	United States Treasury Bill	0.115-0.121		02/07/13		5,284,369
	3,000,000	United States Treasury Bill	0.126		02/14/13		2,999,538
	1,500,000	United States Treasury Bill	0.080		02/21/13		1,499,831
	7,000,000	United States Treasury Bill	0.079-0.093		03/07/13		6,998,953
	6,802,000	United States Treasury Bill	0.100-0.104		04/04/13		6,800,193
	4,290,000	United States Treasury Bill	0.067-0.068		04/18/13		4,289,139
	5,000,000	United States Treasury Bill	0.106		04/25/13		4,998,322

182

TIAA-CREF FUNDS - Money Market Fund


PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE

$	2,090,000		United States Treasury Bill	0.129	%	05/02/13	$	2,089,094
	3,730,000		United States Treasury Bill	0.085		05/23/13		3,728,749
	3,000,000		United States Treasury Bill	0.132		05/30/13		2,998,361
	5,000,000		United States Treasury Bill	0.106		06/06/13		4,997,703
	1,515,000		United States Treasury Bill	0.111		06/20/13		1,514,206
	5,000,000		United States Treasury Bill	0.103		06/27/13		4,997,468
	6,000,000		United States Treasury Note	1.375		01/15/13		6,002,769
	10,300,000		United States Treasury Note	0.625		01/31/13		10,303,697
	7,220,000		United States Treasury Note	1.375		02/15/13		7,230,671
	11,535,000		United States Treasury Note	0.625		02/28/13		11,543,277
	8,690,000		United States Treasury Note	1.375		03/15/13		8,711,014
	4,640,000		United States Treasury Note	1.750		04/15/13		4,661,545
	8,265,000		United States Treasury Note	0.625		04/30/13		8,277,091
	5,000,000		United States Treasury Note	1.375		05/15/13		5,021,608
	10,500,000		United States Treasury Note	0.500		05/31/13		10,513,509
	3,230,000		United States Treasury Note	1.000		07/15/13		3,244,179
	10,000,000		United States Treasury Note	0.375		07/31/13		10,012,006
	6,800,000		United States Treasury Note	0.750		08/15/13		6,824,719
	3,000,000		United States Treasury Note	0.125		09/30/13		2,998,251
	1,865,000		United States Treasury Note	0.500		10/15/13		1,869,351
	5,420,000		United States Treasury Note	0.500		11/15/13		5,433,826

			TOTAL TREASURY DEBT					160,273,326


VARIABLE RATE SECURITIES - 16.4%
	3,000,000	i	Federal Farm Credit Bank (FFCB)	0.240		02/01/13		2,999,949
	5,000,000	i	FFCB	0.241		03/15/13		4,999,700
	5,000,000	i	FFCB	0.266		03/28/13		5,000,000
	4,050,000	i	FFCB	0.222		06/12/13		4,050,131
	4,000,000	i	FFCB	0.578		08/19/13		3,998,733
	4,800,000	i	FFCB	0.261		08/26/13		4,798,445
	3,400,000	i	FFCB	0.370		08/26/13		3,399,777
	5,000,000	i	FFCB	0.250		09/23/13		4,999,264
	10,000,000	i	FFCB	0.390		09/23/13		9,999,707
	4,950,000	i	FFCB	0.310		10/15/13		4,946,491
	9,000,000	i	FFCB	0.250		02/10/14		8,997,983
	5,000,000	i	FFCB	0.179		04/16/14		5,000,000
	2,580,000	i	FFCB	0.420		05/19/14		2,583,100
	7,900,000	i	Federal Home Loan Bank (FHLB)	0.281		03/06/13		7,900,136
	9,500,000	i	FHLB	0.360		08/16/13		9,500,000
	4,000,000	i	FHLB	0.220		09/06/13		4,000,684
	5,000,000	i	Federal Home Loan Mortgage Corp (FHLMC)	0.165		02/04/13		4,999,813
	3,100,000	i	FHLMC	0.163		05/06/13		3,099,465
	2,800,000	i	FHLMC	0.164		06/03/13		2,800,121
	5,000,000	i	Federal National Mortgage Association (FNMA)	0.221		03/14/13		4,999,717
	5,000,000	i	FNMA	0.410		10/28/13		5,000,000
	5,000,000	i	FNMA	0.191		06/20/14		4,998,753
	2,500,000	i	Bank of Nova Scotia	0.630		02/15/13		2,501,120
	5,000,000	i	Royal Bank of Canada	0.570		06/07/13		5,000,000
	5,600,000	i	Royal Bank of Canada	0.470		07/15/13		5,600,000
	5,000,000	i	Toronto-Dominion Bank	0.302		05/30/13		5,000,000

			TOTAL VARIABLE RATE SECURITIES					131,173,089

183

TIAA-CREF FUNDS - Money Market Fund

PRINCIPAL

ISSUER

VALUE

TOTAL SHORT-TERM INVESTMENTS

799,484,312

(Cost $799,484,312)

TOTAL INVESTMENTS- 99.8%

799,484,312

(Cost $799,484,312)

OTHER ASSETS & LIABILITIES, NET - 0.2%

1,808,458

NET ASSETS - 100.0%

801,292,770

Floating or variable rate security. Coupon reflects the rate at period end.

Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 12/31/2012, the aggregate value of these securities was $169,257,315 or 21.1% of net assets.

184

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

Note 1—organization and significant accounting policies

TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that 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. The following are the TIAA-CREF Funds included in this report: Real Estate Securities Fund, Bond Fund, Bond Index Fund, Bond Plus Fund, High-Yield Fund, Inflation-Linked Bond Fund, Short-Term Bond Fund, Social Choice Bond Fund, Tax-Exempt Bond Fund, and the Money Market Fund (collectively, the “Funds” or individually, the “Fund”). The Social Choice Bond Fund commenced operations on September 21, 2012.

The Funds offer their shares, without a sales load, through their principal underwriter, Teachers Personal Investors Services, Inc. (“TPIS”), which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Teachers Advisors, Inc. (“Advisors”), a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds offer up to four share classes, although any one Fund may not necessarily offer all four classes. The Funds may offer Institutional, Retirement, Retail and Premier Classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.

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 Funds.

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

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

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

Transactions with affiliates: The Funds 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 Funds’ own assumptions in determining the fair value of investments)

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

185

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

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 Funds’ 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 Funds’ 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 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 with maturities of 60 days or less are valued at amortized cost. Short-term investments (other than those in the Money Market Fund) with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy. Short-term investments in the Money Market Fund are all valued at amortized cost. Money Market Fund investments are categorized as Level 2 in 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.

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

Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value 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.

Transfers between levels are recognized at the end of the reporting period. For the period ended December 31, 2012, there were no material transfers between levels by the Funds.

As of December 31, 2012, 100% of the value of investments in the Bond Fund, Inflation-Linked Bond Fund, Short-Term Bond Fund, Tax-Exempt Bond Fund, and Money Market Fund were valued based on Level 2 inputs.

186

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

The following is a summary of the inputs used to value the remaining Funds’ investments as of December 31, 2012:


Fund	Level 1		Level 2			Level 3		Total

Real Estate Securities
Casinos & gaming	$	3,683,250	$	-		$	-	$	3,683,250
Diversified REITs		52,305,200		-			-		52,305,200
Hotels, resorts & cruise lines		12,619,200		-			-		12,619,200
Industrial REITs		78,976,050		4,625,425			-		83,601,475
Office REITs		110,996,160		-			-		110,996,160
Real estate operating companies		20,650,273		-			-		20,650,273
Residential REITs		246,575,400		-			-		246,575,400
Retail REITs		329,144,700		-			-		329,144,700
Specialized REITs		374,663,700		-			-		374,663,700
Short-term investments		-		21,999,853			-		21,999,853

Total	$	1,229,613,933	$	26,625,278		$	-	$	1,256,239,211

Bond Index
Corporate bonds		-		933,675,186			-		933,675,186
Government bonds		-		3,042,512,143			-		3,042,512,143
Structured assets		-		86,693,412			-		86,693,412
Preferred stocks		204,000		-			-		204,000
Short-term investments		-		66,997,137			-		66,997,137

Total	$	204,000	$	4,129,877,878		$	-	$	4,130,081,878

Bond Plus
Bank loan obligations	$	-	$	58,969,266		$	-	$	58,969,266
Corporate bonds		-		537,699,713			-		537,699,713
Government bonds		-		436,063,711			-		436,063,711
Structured assets		-		139,431,683			-		139,431,683
Preferred stocks		1,450,986		-			-		1,450,986
Short-term investments		-		183,179,225			-		183,179,225
Swaps*		-		(38,578	)		-		(38,578	)

Total	$	1,450,986	$	1,355,305,020		$	-	$	1,356,756,006

High-Yield
Bank loan obligations	$	-	$	239,289,014		$	-	$	239,289,014
Corporate bonds		-		1,799,078,503			-		1,799,078,503
Preferred stocks		7,710,826		-			-		7,710,826
Short-term investments		-		64,899,547			-		64,899,547

Total	$	7,710,826	$	2,103,267,064		$	-	$	2,110,977,890

Social Choice Bond
Corporate bonds		-		20,766,084			-		20,766,084
Government bonds		-		24,232,499			-		24,232,499
Structured assets		-		4,762,851			-		4,762,851
Preferred stocks		257,437		-			-		257,437
Short-term investments		-		2,999,151			-		2,999,151

Total	$	257,437	$	52,760,585		$	-	$	53,018,022

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

187

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

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 variable. Derivatives require little or no initial investment and permit or require net settlement. The Funds value derivatives at fair value.

Credit default swap contracts: The Funds 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 Fund 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 Fund. The agreed upon amount approximates the notional value of the swap and is estimated to be the maximum potential future payment that the Fund could be required to make under the contract. In return, the Fund receives from the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Fund keeps the stream of payments with no payment obligations. When the Fund 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 Fund.

The Fund may also buy credit default swap contracts, in which case the Fund 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 Fund 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 Fund 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 Funds invest in credit default swaps to hedge or manage the risks associated with assets held in the Fund and/or to facilitate the implementation of portfolio strategies.

At December 31, 2012, open credit default swap contracts sold by the Funds were as follows:


Fund	Reference entity	Counterparty	Maturity Date	Fixed payments received by fund per annum	Implied credit spead at 12/31/2012 ⁽¹⁾	Notional amount ⁽²⁾		Upfront premium paid (received)			Unrealized appreciation (depreciation)

Bond	Federative Republic of Brazil	UBS AG	9/20/22	1.00%	1.45%	$	3,500,000	$	(207,925	)	$	72,903
Bond Plus	Federative Republic of Brazil	UBS AG	9/20/22	1.00	1.45		1,000,000		(59,407	)		20,829
Short-Term Bond	Federative Republic of Brazil	Bank of America	9/20/17	1.00	1.00		3,000,000		(37,626	)		38,133

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

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

Note 4—affiliated investments

Companies in which a Fund holds 5% or more of the outstanding voting shares are considered “affiliated companies” of the Fund pursuant to the 1940 Act. Information regarding transactions with affiliated companies is as follows:


Issue	Value at March 31, 2012		Purchase cost		Sales proceeds		Realized gain (loss)			Dividend income		Withholding expense		Shares at December 31, 2012		Value at December 31, 2012

Real Estate Securities Fund
Thomas Properties Group, Inc	$	17,671,500	$	-	$	176,198	$	(350,906	)	$	191,347	$	-		3,817,056	$	20,650,273

Note 5—investments

Repurchase agreements: Certain Funds 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 Fund’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 Fund 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 Fund maintains the right to sell the underlying securities at market value and pursue a claim for any remaining loss against the seller.

Securities purchased on a when-issued or delayed-delivery basis: The Funds 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

188

TIAA-CREF FUNDS – Notes to schedules of investments (unaudited)

more after trade date; interest income is not accrued until settlement date. At the time a Fund 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 Funds (other than the Money Market Fund) 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 Funds may enter into mortgage dollar rolls in which a Fund 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, a Fund forgoes principal and interest paid on the securities. The Fund 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 Fund maintains a segregated account, the dollar value of which is at least equal to its obligations with respect to dollar rolls.

Net unrealized appreciation (depreciation): At December 31, 2012, 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:


Fund	Book cost		Gross unrealized appreciation		Gross unrealized depreciation			Net unrealized appreciation (depreciation)

Real Estate Securities	$	1,076,107,177	$	196,776,733	$	(16,644,699	)	$	180,132,034
Bond		2,480,396,469		96,538,340		(1,326,882	)		95,211,458
Bond Index		4,007,557,093		125,737,807		(3,213,022	)		122,524,785
Bond Plus		1,302,116,216		56,571,505		(1,893,137	)		54,678,368
High-Yield		2,014,038,921		106,596,512		(9,657,543	)		96,938,969
Inflation-Linked Bond		1,626,155,799		208,415,173		(120,611	)		208,294,562
Short-Term Bond		1,084,213,141		17,700,189		(791,538	)		16,908,651
Social Choice Bond		52,876,380		240,199		(98,557	)		141,642
Tax-Exempt Bond		340,426,906		25,835,251		(200,752	)		25,634,499

189

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.


	TIAA-CREF FUNDS

Date: February 19, 2013	By:	/s/ Roger W. Ferguson, Jr.

		Roger W. Ferguson, Jr.
		Principal Executive Officer and President

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


Date: February 19, 2013	By:	/s/ Roger W. Ferguson, Jr.

		Roger W. Ferguson, Jr.
		Principal Executive Officer and President
		(principal executive officer)


Date: February 19, 2013	By:	/s/ Phillip G. Goff

		Phillip G. Goff
		Principal Financial Officer, Principal Accounting
		Officer and Treasurer
		(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