Principal Underwriting and Distribution Services Agreement Between College Retirement Equities Fund and TIAA-CREF Individual & Institutional Services LLC SCHEDULE B

Exhibit (5)(i)

Principal Underwriting and Distribution Services Agreement

Between College Retirement Equities Fund and
TIAA-CREF Individual & Institutional Services LLC

SCHEDULE B

2010 Reimbursement Rates

For the services rendered and expenses incurred in connection with the Distribution Services as provided the Agreement, the amount currently payable from the net assets of each Account each Valuation Day for each Calendar Day of the Valuation Period (May 1, 2010 through April 30, 2011) ending on that Valuation Day will be 0.00019% (corresponding to an annual rate of 0.07% of average daily net assets).

Date: Effective May 1, 2010 in accordance with prior approval by the CREF Board on March 31, 2010

COLLEGE RETIREMENT 

EQUITIES FUND 

By: 

TIAA-CREF INDIVIDUAL & 

INSTITUTIONAL SERVICES, LLC 

By: 

Title: