Retirement Investments & IRAs: Distributions

Final 2010 Year-End Distributions*
  Ordinary
Income
Short-Term
Gain**
Long-Term
Gain**
Total
Distribution
Record Date: December 9, 2010
Ex/Pay/Reinvest Date: December 10, 2010
Bond $0.000000 $0.094600 $0.025440 $0.120040
Bond Index $0.000000 $0.005980 $0.001490 $0.007470
Bond Plus $0.000000 $0.000000 $0.000000 $0.000000
Emerging Markets Equity $0.000000 $0.019080 $0.000000 $0.019080
Emerging Markets Equity Index $0.011740 $0.011490 $0.000000 $0.023230
Equity Index $0.132610 $0.000000 $0.000000 $0.132610
Growth & Income $0.021980 $0.000000 $0.000000 $0.021980
High-Yield $0.000000 $0.000000 $0.000000 $0.000000
Inflation-Linked Bond $0.042240 $0.000000 $0.000000 $0.042240
International Equity $0.058160 $0.000000 $0.000000 $0.058160
International Equity Index $0.303690 $0.000000 $0.000000 $0.303690
Large-Cap Growth $0.009100 $0.000000 $0.000000 $0.009100
Large-Cap Growth Index $0.126550 $0.000000 $0.000000 $0.126550
Large-Cap Value $0.130750 $0.000000 $0.000000 $0.130750
Large-Cap Value Index $0.191290 $0.012000 $0.000000 $0.203290
Mid-Cap Growth $0.000000 $0.000000 $0.000000 $0.000000
Mid-Cap Value $0.202530 $0.000000 $0.000000 $0.202530
Real Estate Securities $0.039360 $0.000000 $0.000000 $0.039360
Short-Term Bond $0.000000 $0.000000 $0.000000 $0.000000
Small-Cap Blend Index $0.123260 $0.000000 $0.000000 $0.123260
Small-Cap Equity $0.043790 $0.000000 $0.000000 $0.043790
Social Choice Equity $0.139530 $0.000000 $0.000000 $0.139530
S&P 500 Index $0.274510 $0.000000 $0.000000 $0.274510
Record Date: December 16, 2010
Ex/Pay/Reinvest Date: December 17, 2010
Lifecycle 2010 $0.264700 $0.000000 $0.000000 $0.264700
Lifecycle 2015 $0.249620 $0.000000 $0.000000 $0.249620
Lifecycle 2020 $0.234770 $0.000000 $0.003810 $0.238580
Lifecycle 2025 $0.223910 $0.000000 $0.000000 $0.223910
Lifecycle 2030 $0.206610 $0.000000 $0.000000 $0.206610
Lifecycle 2035 $0.194460 $0.000000 $0.000000 $0.194460
Lifecycle 2040 $0.198880 $0.000000 $0.000000 $0.198880
Lifecycle 2045 $0.146820 $0.000000 $0.000000 $0.146820
Lifecycle 2050 $0.146390 $0.000600 $0.056840 $0.203830
Lifecycle Retirement Income $0.131540 $0.000000 $0.000000 $0.131540
Managed Allocation $0.132870 $0.000000 $0.000000 $0.132870

* 2010 Mutual Fund Distribution Notice: Above are the final distribution amounts for the TIAA-CREF Funds — Retirement Class. For year-end distributions, shareholders of record at the close of business of the NYSE on December 09, 2010 were eligible to receive distributions for these funds. Ex, Payable and Reinvestment dates for these funds was December 10, 2010. The High-Yield, Bond Index, Bond Plus, Bond, Short-Term Bond and Money Market funds distributed income to shareholders of record on their normal monthly schedule.

Shareholders of record at the close of business of the NYSE on December 16, 2010 were eligible to receive distributions for these funds. Ex, Payable and Reinvestment Dates for these funds will be December 17, 2010.

** Distributions from long-term capital gain are generally subject to tax at a rate of 15%.
Distributions from short-term capital gains are generally taxed at higher ordinary income rates.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017