Rank	Fund	Advisor Fee	Operation Fee
1	CREF Stock Account*	$ 586,431,000	$ 122,590,000
2	Fidelity Contrafund	$ 522,035,000	$ 137,348,000
3	PIMCO Total Return Fund	$ 506,099,000	$ 197,237,000
4	Growth Fund Of America	$ 449,765,000	$ 941,211,000
5	Europacific Growth Fund	$ 438,916,000	$ 523,264,000
6	Fidelity Diversified International Fund	$ 373,968,000	$ 135,285,000
7	Dodge And Cox Stock Fund	$ 344,517,000	$ 12,007,000
8	Capital World Growth &ome Fund	$ 324,390,000	$ 499,771,000
9	Dodge And Cox International Stock Fund	$ 267,522,000	$ 21,270,000
10	Fidelity Low-Priced Stock Fund	$ 263,918,000	$ 69,738,000
11	Fidelity Magellan Fund	$ 232,691,000	$ 83,628,000
12	Fidelity Growth Company Fund	$ 232,558,000	$ 73,328,000
13	Capital Income Builder	$ 231,553,000	$ 529,043,000
14	Fidelity Cash Reserves	$ 227,905,000	$ 195,666,000
15	Davis New York Venture Fund	$ 223,411,000	$ 239,468,000
16	Franklin Income Fund	$ 219,689,000	$ 237,382,000
17	Templeton Growth Fund	$ 214,754,000	$ 135,061,000
18	New Perspective Fund	$ 197,138,000	$ 266,934,000
19	Washington Mutual Investors Fund	$ 196,276,000	$ 378,417,000
20	Julius Baer International Equity Fund	$ 195,685,000	$ 63,236,000
21	Investment Co Of America	$ 194,069,000	$ 398,542,000
22	Income Fund Of America	$ 189,790,000	$ 411,066,000
23	Harbor International Fund	$ 183,544,000	$ 122,863,000
24	Blackrock Global Allocation Fund	$ 178,019,000	$ 208,962,000
25	Ishares Msci Emerging Markets Index Fund	$ 174,229,000	$ 391,000
26	First Eagle Global Fund	$ 166,762,000	$ 113,030,000
27	Artio International Equity Fund	$ 165,983,000	$ 67,442,000
28	Ishares Msci Eafe Index Fund	$ 159,237,000	$ -
29	Mutual Shares Fund	$ 155,053,000	$ 91,597,000
30	Artisan International Fund	$ 150,038,000	$ 37,500,000
31	Fidelity Equity-Income Fund	$ 142,495,000	$ 68,100,000
32	Dodge And Cox Balanced Fund	$ 142,298,000	$ 8,274,000
33	Columbia Acorn Fund	$ 138,643,000	$ 51,335,000
34	Thornburg International Value Fund	$ 134,315,000	$ 85,628,000
35	Smallcap World Fund	$ 132,695,000	$ 138,165,000
36	T. Rowe Price Equityome Fund	$ 132,483,000	$ 37,800,000
37	The Hartford Capital Appreciation Fund	$ 131,004,000	$ 130,581,000
38	Mutual Discovery Fund	$ 130,166,000	$ 84,584,000
39	T. Rowe Price Growth Stock Fund,.	$ 128,054,000	$ 43,340,000
40	VIP Contrafund Portfolio	$ 127,096,000	$ 44,912,000
41	American Balanced Fund	$ 126,661,000	$ 346,733,000
42	Legg Mason Value Trust	$ 118,227,000	$ 110,634,000
43	Templeton Foreign Fund	$ 115,296,000	$ 91,801,000
44	Federated Kaufmann Fund	$ 115,135,000	$ 124,941,000
45	Columbia Cash Reserves	$ 114,692,000	$ 219,533,000
46	GMO Emerging Markets Fund	$ 114,577,000	$ 34,376,000
47	T. Rowe Price Mid-Cap Growth Fund,.	$ 109,925,000	$ 24,358,000
48	Calamos Growth Fund	$ 109,003,000	$ 88,143,000
49	Neuberger Berman Genesis Fund	$ 108,424,000	$ 7,879,000
50	The Reserve Primary Fund	$ 106,583,000	$ 23,036,000
51	Fidelity Balanced Fund	$ 105,965,000	$ 55,245,000
52	JP Morgan Prime Money Market Fund	$ 105,203,000	$ 187,365,000
53	Blackrock Tempfund	$ 104,470,000	$ 65,399,000
54	Fundamental Investors	$ 104,103,000	$ 202,265,000
55	Western Asset Money Market Fund	$ 102,364,000	$ 40,968,000
56	Fidelity Mid-Cap Stock Fund	$ 102,229,000	$ 38,244,000
57	Tweedy, Browne Global Value Fund	$ 101,068,000	$ 7,901,000
58	Longleaf Partners Fund	$ 100,525,000	$ 4,175,000
	TOTAL	$ 11,269,644,000	$8,678,992,000

* Who said teachers are so smart? Is CREF running this fund "At Wall Street Cost" or at "Teacher Cost" ?