NYSE Equities

TIAA-CREF INDIVIDUAL &

Top Venues Percentage of Non-Directed Orders Data as of 12/31/09
  Venue Total Total Market Orders Total Limit Orders Total Other Orders
1. PERSHING LLC. 91.3 %   93.1 %   87.6 %   93.4 %  
 
  Summary Statistics 100.0 %   53.6 %   33.5 %   12.9 %  

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