STARWOOD HOTELS & RESORTS

CUSIP: 85590A203 Class: COMMON STOCK

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

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

Q1 2006
Shares 350,000 Value ($000) $23,706 Avg Close — Range —
Q4 2005
Shares 350,000 Value ($000) $22,351 Avg Close — Range —
Q3 2005
Shares 350,000 Value ($000) $20,010 Avg Close — Range —
Q2 2005
Shares 300,000 Value ($000) $17,571 Avg Close — Range —
Q1 2005
Shares 134,869 Value ($000) $8,096 Avg Close — Range —
Q3 2004
Shares 50,000 Value ($000) $2,321 Avg Close — Range —
Q3 2002
Shares 38,000 Value ($000) $847 Avg Close — Range —
Q2 2002
Shares 38,000 Value ($000) $1,250 Avg Close — Range —
Q1 2002
Shares 38,000 Value ($000) $1,429 Avg Close — Range —