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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. NASDAQ OMX PHLX 30.5 %   19.0 %   33.3 %   0.0 %  
2. CHICAGO BOARD OF OPTIONS EXCHANGE 29.0 %   45.2 %   25.0 %   0.0 %  
3. INTERNATIONAL SECURITIES EXCHANGE 24.3 %   14.3 %   26.8 %   0.0 %  
4. NYSE ARCA EXCHANGE 9.0 %   7.1 %   9.5 %   0.0 %  
5. NYSE AMEX 5.2 %   7.1 %   4.8 %   0.0 %  
 
  Summary Statistics 100.0 %   20.0 %   80.0 %   0.0 %  

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