<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
020 C000010 1444
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
015 A000101 BANKERS TRUST COMPANY
015 B000101 C
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015 C020101 NY
015 C030101 10015
015 E010101 X
015 A000102 THE CHASE MANHATTAN BANK, N.A.
015 B000102 C
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015 C020102 NY
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015 E010102 X
015 A000103 THE CHASE MANHATTAN BANK, N.A.
015 B000103 S
015 C010103 BUENOS AIRES
015 D010103 ARGENTINA
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015 E040103 X
015 A000104 CHASE MANHATTAN BANK AUSTRALIA LIMITED
015 B000104 S
015 C010104 SYDNEY
015 D010104 AUSTRALIA
015 D020104 2000
015 E040104 X
015 A000105 CREDITANSTALT-BANKVEREIN
015 B000105 S
015 C010105 VIENNA
015 D010105 AUSTRIA
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015 D020107 SP04719-002
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<PAGE> PAGE 7
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015 D010110 FRANCE
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<PAGE> PAGE 8
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<PAGE> PAGE 9
015 D010126 UNITED KINGDOM
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015 C010127 SHENZHEN
015 D010127 PEOPLES REP OF CHINA
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015 A000128 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
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015 C010128 SHANGHAI
015 D010128 PEOPLES REP OF CHINA
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015 A000129 KANSALLIS-OSAKE-PANKKI
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015 C010129 HELSINKI
015 D010129 FINLAND
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015 A000130 THE CHASE MANHATTAN BANK, N.A.
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015 C010130 KUALA LUMPUR
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015 A000131 BANKERS TRUST COMPANY
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015 D010131 UNITED KINGDOM
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<PAGE> PAGE 10
015 D020135 10023
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015 A000137 BARCLAYS BANK OF ZIMBABWE
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024 000100 Y
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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015 A000501 BANKERS TRUST COMPANY
015 B000501 C
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<PAGE> PAGE 29
015 C030501 10015
015 E010501 X
015 A000502 THE CHASE MANHATTAN BANK, N.A.
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
070 J010600 Y
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<PAGE> PAGE 40
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015 A000701 BANKERS TRUST COMPANY
015 B000701 C
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015 C030701 10015
015 E010701 X
015 A000702 BANKERS TRUST COMPANY
015 B000702 S
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<PAGE> PAGE 41
015 D020702 EC2A 2HE
015 E040702 X
024 000700 N
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<PAGE> PAGE 42
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<PAGE> PAGE 43
070 B010700 Y
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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SIGNATURE ANTHONY V. BETRO
TITLE DIRECTOR, INV.ACCTG.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 1
<NAME> STOCK ACCOUNT
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 2
<NAME> MONEY MARKET ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 3
<NAME> BOND MARKET ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 805,260,528
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<NET-INVESTMENT-INCOME> 46,958,199
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 4
<NAME> SOCIAL CHOICE ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 964,732,428
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 5
<NAME> GLOBAL EQUITIES ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,861,882,876
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 6
<NAME> GROWTH ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
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<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 32,375,238
<SHARES-COMMON-PRIOR> 10,445,533
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,156,429,627
<DIVIDEND-INCOME> 8,978,394
<INTEREST-INCOME> 1,449,881
<OTHER-INCOME> 0
<EXPENSES-NET> 2,848,100
<NET-INVESTMENT-INCOME> 7,580,175
<REALIZED-GAINS-CURRENT> 24,236,668
<APPREC-INCREASE-CURRENT> 151,168,717
<NET-CHANGE-FROM-OPS> 182,985,560
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,929,705
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 881,643,267
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,273,060
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,856,910
<AVERAGE-NET-ASSETS> 670,437,181
<PER-SHARE-NAV-BEGIN> 26.116
<PER-SHARE-NII> .303
<PER-SHARE-GAIN-APPREC> 8.891
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.310
<EXPENSE-RATIO> .004
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777535
<NAME> COLLEGE RETIREMENT EQUITIES FUND
<SERIES>
<NUMBER> 7
<NAME> EQUITY INDEX ACCOUNT
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 350,436,768
<INVESTMENTS-AT-VALUE> 393,210,530
<RECEIVABLES> 4,261,083
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 397,471,613
<PAYABLE-FOR-SECURITIES> 3,761,881
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,832,186
<TOTAL-LIABILITIES> 6,594,067
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 10,910,656
<SHARES-COMMON-PRIOR> 2,715,524
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 390,877,546
<DIVIDEND-INCOME> 3,993,598
<INTEREST-INCOME> 429,139
<OTHER-INCOME> 0
<EXPENSES-NET> 587,316
<NET-INVESTMENT-INCOME> 3,835,421
<REALIZED-GAINS-CURRENT> 2,563,936
<APPREC-INCREASE-CURRENT> 42,347,885
<NET-CHANGE-FROM-OPS> 48,747,242
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,195,132
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 320,117,106
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 175,558
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 589,221
<AVERAGE-NET-ASSETS> 172,625,593
<PER-SHARE-NAV-BEGIN> 25.873
<PER-SHARE-NII> .655
<PER-SHARE-GAIN-APPREC> 8.703
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.231
<EXPENSE-RATIO> .003
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
