Information on fund transfers is available from the Benefits Office, (734) 763-1214 (Central Campus), (734) 764-6584 (Medical Campus), as well as TIAA-CREF and Fidelity.
For more timely updates and a full listing of funds, please refer to the Web: www.tiaa-cref.com/ and www300.fidelity.com:80/
| Equity Funds | 1 Year | 3 Years | 5 Years | 10 Years | |
| Standard & PoorUs 500 Stock Index | -9.1% | 12.3% | 18.3% | 17.5% | |
| Fidelity Low-Priced Stock | 18.8 | 7.9 | 15.1 | 19.6 | |
| Fidelity OTC Portfolio | -26.8 | 21.0 | 19.2 | 19.7 | |
| Lipper Multi-Cap Core Funds Average | -3.0 | 11.2 | 16.3 | 16.6 | |
| C.R.E.F. Equity Index Account | -7.6 | 11.5 | 17.2 | N.A | |
| C.R.E.F. Growth Account | -20.6 | 11.8 | 17.7 | N.A | |
| C.R.E.F. Stock Account | -8.4 | 11.0 | 15.6 | 15.6 | |
| Fidelity Blue Chip Growth | -10.5 | 14.4 | 17.0 | 20.3 | |
| Fidelity Capital Appreciation | -18.1 | 11.8 | 15.3 | 15.5 | |
| Fidelity Contrafund | -6.8 | 15.3 | 18.1 | 21.0 | |
| Fidelity Disciplined Equity | -3.5 | 12.9 | 17.2 | 17.8 | |
| Fidelity Dividend Growth | 12.2 | 18.4 | 22.5 | N.A | |
| Fidelity | -11.0 | 13.1 | 18.0 | 17.4 | |
| Fidelity Growth Company | -6.3 | 28.9 | 24.3 | 22.4 | |
| Fidelity Growth & Income | -2.0 | 11.6 | 16.7 | 19.0 | |
| Fidelity Magellan | -9.3 | 14.6 | 16.3 | 18.3 | |
| Fidelity Retirement Growth | 1.7 | 26.7 | 21.1 | 20.4 | |
| Fidelity Spartan
U.S. Equity Index | -9.2 | 12.1 | 18.1 | 17.2 | |
| Fidelity Trend | -7.2 | 10.3 | 11.3 | 13.9 | |
| Lipper Multi-Cap Growth Funds Average | -11.1 | 21.2 | 19.5 | 18.9 | |
| Fidelity Convertible Securities | 7.2 | 21.6 | 18.8 | 18.7 | |
| Fidelity Equity-Income | 8.5 | 9.4 | 15.5 | 17.2 | |
| Fidelity Equity Income II | 7.5 | 11.3 | 15.8 | 18.9 | |
| Fidelity Value | 8.1 | 5.5 | 10.7 | 15.6 | |
| Lipper Equity Income Funds Average | 6.8 | 6.9 | 12.9 | 14.6 | |
| C.R.E.F. Global Equities | -16.2 | 10.6 | 13.6 | N.A | |
| Fidelity Canada | 12.3 | 10.3 | 10.6 | 9.6 | |
| Fidelity Emerging Markets | -33.0 | -5.7 | -11.4 | -1.1 | |
| Fidelity Europe | -9.1 | 9.2 | 15.0 | 12.6 | |
| Fidelity International Growth & Income | -14.1 | 13.3 | 11.9 | 10.4 | |
| Fidelity Japan | -36.5 | 20.9 | 7.0 | N.A | |
| Fidelity Overseas | -18.3 | 9.6 | 10.6 | 9.4 | |
| Fidelity Pacific Basin | -35.3 | 15.4 | 4.9 | 7.0 | |
| Fidelity World-Wide | -8.0 | 8.8 | 11.4 | 11.5 | |
| MSCI EAFE (Intl) Index | -14.2 | 9.3 | 7.1 | 8.2 | |
| MSCI Emerging Markets
Free Index | -30.6 | -4.8 | -4.2 | 8.3 |
| U. S. Bond Funds | 1 Year | 3 Years | 5 Years | 10 Years | |
| Lehman Bros. Government/
Credit Bond Index | 11.9% | 6.2% | 6.2% | 8.0% | |
| C.R.E.F. Bond Market | 11.7 | 6.3 | 6.3 | 7.8 | |
| Fidelity Capital & Income | -9.4 | 2.4 | 6.6 | 12.3 | |
| Fidelity Ginnie Mae | 10.7 | 6.0 | 6.3 | 7.2 | |
| Fidelity Intermediate Bond | 9.8 | 6.0 | 5.8 | 7.1 | |
| Fidelity Investment Grade Bond | 10.8 | 5.8 | 5.9 | 8.1 | |
| Fidelity Mortgage Securities | 11.3 | 6.3 | 6.7 | 7.7 | |
| Fidelity Short-Term Bond | 7.9 | 5.7 | 5.6 | 6.4 | |
| Fidelity U.S. Bond Index | 11.4 | 6.3 | 7.2 | 8.5 | |
| TIAA Traditional Annuity4 | 7.7 | 6.7 | 7.0 | 7.6 |
| Non-U.S. Bond Funds | 1 Year | 3 Years | 5 Years | 10 Years | ||
| Salomon Smith Barney World Govt. Bond Index | 1.6 | 3.9 | 3.1 | 7.0 | ||
| International Bond Fund | 1.5 | 2.7 | 2.1 | 3.6 |
| Money Market Funds | 1 Year | 3 Years | 5 Years | 10 Years | |
| 91-Day Treasury Bills | 6.3 | 5.5 | 5.5 | 5.0 | |
| C.R.E.F. Money Market | 6.4 | 5.6 | 5.5 | 5.1 | |
| Fidelity Cash Reserves | 6.2 | 5.5 | 5.4 | 4.9 | |
| Fidelity Retirement Govt Money Market | 6.1 | 5.4 | 5.4 | 4.9 | |
| Fidelity Retirement Money Market | 6.3 | 5.6 | 5.5 | 5.0 | |
| Fidelity U.S. Government Reserves | 6.1 | 5.4 | 5.7 | 5.2 |
Balanced Funds | 1 Year | 3 Years | 5 Years | 10 Years | |
| C.R.E.F. Social Choice Account | 0.3 | 9.7 | 13.7 | 14.0 | |
| Fidelity Asset Manager | 2.4 | 10.5 | 13.2 | 13.5 | |
| Fidelity Asset Manager: Growth | -3.5 | 9.1 | 14.1 | N.A | |
| Fidelity Asset Manager: Income | 3.6 | 6.5 | 7.9 | N.A | |
| Fidelity Balanced | 5.3 | 11.3 | 13.2 | 12.7 | |
| Fidelity Puritan | 7.8 | 8.9 | 12.7 | 14.7 |
| Specialty Funds | 1 Year | 3 Years | 5 Years | 10 Years | |
| Fidelity Real Estate Investment Portfolio | 31.4% | 1.9% | 11.9% | 14.0% | |
| Fidelity Value Strategies I* | 11.8 | 10.6 | 11.8 | 14.4 |
| Fidelity Select Funds | ||||||
| 1 Year | 3 Years | 5 Years | 10 Years | |||
| Air Transportation | 39.8 | 26.0 | 21.6 | 20.3 | ||
| Automotive | -7.2 | -5.6 | 2.7 | 11.5 | ||
| Banking | 18.7 | 6.0 | 18.7 | 25.2 | ||
| Biotechnology | 32.8 | 45.2 | 30.1 | 23.4 | ||
| Brokerage & Investment Mgmt | 27.9 | 20.9 | 32.0 | 27.9 | ||
| Chemicals | 2.9 | 1.0 | 7.9 | 13.2 | ||
| Computers | -31.2 | 34.7 | 26.3 | 28.3 | ||
| Construction and Housing | 8.9 | 5.4 | 11.4 | 15.3 | ||
| Consumer Industries | -9.4 | 8.4 | 14.7 | 16.1 | ||
| Defense & Aerospace | 18.9 | 11.5 | 16.4 | 18.0 | ||
| Developing Communications | -29.6 | 38.0 | 26.0 | 26.7 | ||
| Electronics | -17.7 | 36.9 | 33.0 | 34.1 | ||
| Energy | 31.8 | 14.7 | 17.2 | 12.1 | ||
| Energy Service | 50.3 | 9.3 | 24.2 | 14.9 | ||
| Environmental Services | 34.5 | -6.1 | 2.5 | 3.1 | ||
| Financial Services | 28.5 | 14.2 | 22.8 | 26.8 | ||
| Food & Agriculture | 29.8 | 6.1 | 12.0 | 14.7 | ||
| Gold**,*** | -18.1 | -6.7 | -10.0 | -1.0 | ||
| Health Care | 36.7 | 23.3 | 23.2 | 22.8 | ||
| Home Finance | 50.2 | 3.9 | 17.5 | 27.8 | ||
| Industrial Equipment | -4.2 | 8.2 | 13.8 | 17.7 | ||
| Industrial Materials | -5.4 | -0.7 | 2.6 | 10.1 | ||
| Insurance | 53.3 | 20.1 | 25.0 | 22.2 | ||
| Leisure | -24.5 | 11.4 | 17.3 | 18.9 | ||
| Medical Delivery | 67.8 | 3.5 | 8.2 | 14.4 | ||
| Money Market | 6.1 | 5.4 | 5.3 | 4.7 | ||
| Multimedia | -23.0 | 14.6 | 14.8 | 20.4 | ||
| Paper & Forest Products | 1.1 | 6.7 | 7.3 | 13.5 | ||
| Retailing | -10.9 | 11.0 | 18.6 | 19.2 | ||
| Software & Computer Services | -20.5 | 30.8 | 25.6 | 28.2 | ||
| Technology | -32.5 | 39.7 | 28.3 | 28.6 | ||
| Telecommunications | -37.6 | 13.6 | 14.2 | 17.8 | ||
| Transportation | 17.8 | 12.9 | 15.8 | 19.9 | ||
| Utilities Growth | -13.5 | 16.0 | 17.8 | 15.6 |
* Formerly Fidelity Strategic Opportunities Fund
** Formerly Fidelity Select American Gold
*** Precious Metals & Minerals merged with Gold in February 2000
****The traditional annuity returns consist of interest rates, 3 percent of which are guaranteed for current premiums, plus dividends. The dividends, when declared, remain in effect through the “dividend year,” which begins each March 1.