Janus Aspen International Growth Portfolio - Institutional Shares

Seeks long term growth of capital by investing under normal circumstances, at least 80% of its net assets in securities of issuers from countries outside the U.S. The Portfolio normally invests in securities of issuers from several different countries, excluding the U.S. Although it intends to invest substantially all of its assets in issuers located outside the U.S., it may at times invest in U.S. issuers, and it may, under unusual circumstances, invest all of its assets in a single country. The Portfolio may have significant exposure to emerging markets. Within the parameters of its specific investment policies, the Portfolio may invest without limit in foreign equity and debt securities, which may include investments in emerging markets.

Unit value as of 01/07/2009: $32.59
Total return year-to-date as of 01/07/2009: 4.64%
Expense charge*: 1.30%
Inception date: 02/05/2008
Investment class: International

Financial Performance
Performance Data as of 01/07/2009			Average Annual Total Returns as of 12/31/2008
Unit Value	Net Change	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception
$32.59	-4.40%	4.64%	--	--	--	--	-48.82%

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.

Funds that invest in foreign securities are subject to special risks, including currency fluctuation and political and economic instability. These investment risks may be magnified in emerging markets.

1.	The inception date for this account is February 5, 2008. Year-to-date performance is calculated from the inception date.
2.	The "Since Inception" values presented are cumulative values and not average annualized total returns.

Includes both separate account and fund level charges. The maximum total annual expense charge without the waiver is 1.50%. Separate account charges reflect the highest possible mortality and expense risk charge although they may be lower. The unit value reflects the election of the Guaranteed Minimum Death Benefit. See the prospectus for additional information.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please click here or call 1 877 518-9161 for a prospectus that contains this and other information. Please read the prospectus carefully before investing. TIAA-CREF Life Insurance Company (TIAA-CREF Life), New York, NY issues after-tax annuities. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.

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