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TIAA-CREF Funds - Retail Class

Money Market  (TIRXX )

This fund seeks high current income consistent with maintaining liquidity and preserving capital.

Net asset value as of 09/03/2010 : $1.00
Total return year-to-date as of 09/03/2010 : 0.00%
Fund's net invested assets as of 06/30/2010 : $1.25 billion
Gross Expense Ratio : 0.59%
Net Expense Ratio 1 : 0.50%
Inception date : 03/31/2006
Investment class : Money Market

As of : 09/02/2010
7-day current annualized yield : 0.00%
7-day effective annualized yield : 0.00%
Performance Comparison
  Performance Data
as of 09/3/2010
Average Annual Total Returns
as of 08/31/2010
  Net Asset
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
Money Market 2 $1.00 0.00% 0.00% 0.00% 1.57% -- -- 2.72%
iMoneyNet Money Fund Report Averages™ All Taxable 3 -- -- -- -- -- -- -- --

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. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

Beginning August 18, 2009, part or all of the 12b-1 distribution expenses of the Retail Class of the TIAA-CREF Money Market Fund are not being reimbursed to the Fund's distributor. Without this change, current and effective annualized yields and total returns would have been lower. This voluntary decision of the distributor not to be reimbursed may be discontinued at any time without notice.

The TIAA-CREF Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. The current yield more closely reflects the fund's current earnings than does the total return.

1.
The net annual expense ratio represents expenses after reimbursement and waivers, while the gross annual expense ratio represents expenses without any reimbursements and waivers. Certain funds have expense reimbursement arrangements that will continue through at least January 31, 2011 and August 31, 2011 for the Emerging Markets Equity Fund and the Emerging Markets Equity Index Fund, and can only be changed with approval of the Board of Trustees. Without these waivers and reimbursements, Fund expenses would be higher and their performance would have been lower.
2.
The fund's Institutional Class began operations on July 1, 1999. Performance shown prior to the inception of the Retail Class is based on the performance of the fund's Institutional Class. Performance has not been restated to reflect the higher expenses of the Retail Class. If the expense differential had been reflected, performance for these periods would have been lower.
3.
The iMoneyNet Money Fund Report Averages – All Taxable category is a simple average of over 1,000 taxable money market funds and you cannot invest directly in it.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 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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