TIAA-CREF has partnered with Minnesota State Colleges & Universities to help you prepare for your retirement. For nearly 90 years, we have been helping millions of people in the academic, medical, research and cultural fields plan for retirement. We offer you options to tailor your plan to your investment style and goals.

Life can be complicated, but planning for retirement doesn't have to be. To help you plan for your goals, we offer:

• Sound guidance. Speak with a TIAA-CREF Consultant for answers that make sense for you.
• Retirement choices that suit your style.
• A "Build your own portfolio" strategy. You create your own long-term portfolio from a wide range of investment choices. You can refer to sample portfolios showing various risk tolerance levels.
• Low cost. TIAA-CREF is committed to keeping costs low, with expenses that are among the lowest in the variable annuity and mutual funds industries¹.
• Top ratings. For its stability, sound investments, claims-paying ability, and overall financial strength, TIAA is one of only four companies to hold top ratings from the four leading insurance ratings agencies: A.M. Best Co. (6/2006), Fitch (3/2006), Moody's Investors Service (3/2006) and Standard & Poor's (6/2006). Ratings apply to TIAA Traditional only, not to CREF and TIAA Real Estate Accounts. The ratings do not apply to the performance and safety of the variable accounts.

If you are new to the Minnesota State Colleges & Universities Retirement Plans, you must first enroll to take advantage of these investment strategies.

If you are a current participant in one or more of the plans, check out our investment choices to see the new funds available to you.

¹ Source: Morningstar Datalab^TM Charting Tool Report Peer Group Analysis [February 2005] based on Morningstar expense comparisons by category.

C36413

Retirement Annuity (RA) Contract Form Series 1000.24
Group Retirement Annuity (GRA) Contract Form Series G-1000.4 and G-1000.5
Supplemental Retirement Annuity (SRA) Contract Form Series 1200.8
Group Supplemental Retirement Annuity (GSRA) Contract Form Series 1250.01 (not available in all states)
Group Annuity (GA) Contract Form Series 6008.8
Retirement Choice Annuity contract IGRS-01-84.
Retirement Choice Annuity certificate IGRS-CERT1-84.