2001 annual report december 31 audited financial statements including of investments tiaa cref life funds single premium immediate annuities separate account va 1 stock index fund growth equity & income international social choice while most this discusses performance the whose portfolios underlie table below presents a summary returns accounts to give you more complete picture under your pre mium contract these re ect not only underlying after deductions for investment management charges but also mortality and risk expenses administrative deducted is why are slightly less than reported on pages 3 through 7 company act 1940 requires provide its owners with nancial condition portfolio holdings in which it invests semi
