HILTON HOTELS CORP

CUSIP: 432848109 Class: COM

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

Note: Option positions (PUT/CALL) are excluded.

Q4 2005
Shares 60,000 Value ($000) $1,447 Avg Close — Range —
Q3 2005
Shares 60,000 Value ($000) $1,339 Avg Close — Range —
Q2 2005
Shares 110,000 Value ($000) $2,624 Avg Close — Range —
Q1 2005
Shares 150,000 Value ($000) $3,353 Avg Close — Range —
Q3 2004
Shares 114,700 Value ($000) $2,161 Avg Close — Range —
Q2 2004
Shares 114,700 Value ($000) $2,140 Avg Close — Range —
Q1 2004
Shares 114,700 Value ($000) $1,864 Avg Close — Range —
Q4 2003
Shares 114,700 Value ($000) $1,965 Avg Close — Range —
Q3 2003
Shares 114,700 Value ($000) $1,860 Avg Close — Range —
Q2 2003
Shares 114,700 Value ($000) $1,467 Avg Close — Range —
Q1 2003
Shares 114,700 Value ($000) $1,332 Avg Close — Range —
Q4 2002
Shares 114,700 Value ($000) $1,458 Avg Close — Range —
Q3 2002
Shares 114,700 Value ($000) $1,305 Avg Close — Range —
Q2 2002
Shares 114,700 Value ($000) $1,594 Avg Close — Range —
Q1 2002
Shares 114,700 Value ($000) $1,640 Avg Close — Range —