Mid-Cap Growth

(TRPWX)

The fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of medium-sized domestic companies.

Click here to download the individual values represented in this graph by using our Download Data facility.

Net asset value as of 11/06/2009: $14.04
Total return year-to-date as of 11/06/2009: 38.05%
Fund's net invested assets as of 09/30/2009: $685.49 million
Gross Expense Ratio: 0.56%
Net Expense Ratio*: 0.56%
Inception date: 10/01/2002
Investment class: U.S. Equity

Performance Comparison
	Performance Data as of 11/06/2009			Average Annual Total Returns as of 10/31/2009
	Net Asset Value	Net Change	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception^¡
Mid-Cap Growth	$14.04	0.00%	38.05%	20.84%	-4.97%	1.87%	--	8.65%
Russell Midcap® Growth Index^†	--	+0.11%	36.70%	22.48%	-5.61%	2.22%	--	8.50%

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.

The risks that the fund is subject to include market risk, company risk, mid-cap risk, growth investing risks, style risk and foreign investment risks.

From November 30, 2007 on, the since inception performance shown is computed from the inception date of the fund (the date on which the fund became publicly available). Previously, since inception performance for this fund was computed from the net asset value per share on the day prior to the inception date.

†

The Russell Midcap® Growth Index measures the performance of those Russell Mid-cap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000® Growth index. The Russell Midcap Growth Index and Russell 1000 Growth Index are registered trademarks of the Frank Russell Company. Our accounts are not promoted or sponsored by or affiliated with Frank Russell Company. You cannot invest directly in this index.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc. distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 1 877 518-9161 for a prospectus that contains this and other information. Please read the prospectus carefully before investing. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.

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