ST JOE CO

Ticker: JOE CUSIP: 790148100 Class: Common Stock

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

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

Q3 2004
Shares 128,000 Value ($000) $6,115 Avg Close — Range —
Q1 2004
Shares 230,400 Value ($000) $9,375 Avg Close — Range —
Q3 2002
Shares 85,000 Value ($000) $2,346 Avg Close — Range —
Q2 2002
Shares 43,000 Value ($000) $1,291 Avg Close — Range —