Conservative Balanced Portfolio

INVESTMENT OBJECTIVE
Total return consistent with a conservatively managed diversified portfolio by investing in money market instruments, bonds and common stock of both established and smaller companies. There can be no assurance that the investment objective will be achieved.
INVESTMENT DISCIPLINE
This Portfolio generally consists of a conservatively managed mix of money market instruments, notes and bonds with maturities of 2 to 10 years and common stocks of established companies. The allocation is adjusted periodically to anticipate market changes. The Portfolio's asset mix is appropriate for an investor desiring relatively lower risk from a diversified portfolio in order to receive a favorable overall return. The Portfolio may invest in foreign securities. Foreign investments are subject to the risks of currency fluctuation and the impact of social, political, and economic change, which may result in greater share price volatility.

Performance (As of 12/31/2009)

Performance Chart

	YTD	1-YEAR	3-YEAR	5-YEAR	10-YEAR	SINCE INCEPTION
PORTFOLIO	20.01	20.01	0.03	2.72	2.68	7.56
S&P 500 INDEX	26.47	26.47	-5.62	0.42	-0.95	10.22
CONSERVATIVE BALANCED CUSTOM BLENDED INDEX	15.72	15.72	0.14	2.77	2.63	9.17
LIPPER MIXED ASSET ALLOC. GROWTH FUNDS AVERAGE	24.27	24.27	-2.28	2.21	1.84	7.97

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE SO THAT AN INVESTOR'S UNITS, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE PAST PERFORMANCE DATA QUOTED. PERFORMANCE INFORMATION AS OF THE MOST RECENT MONTH-END IS AVAILABLE AT WWW.PRUDENTIAL.COM.

The rates of return reflect the reinvestment of all dividends and capital gains, and the deduction of investment management fees and expenses. They do not reflect charges specific to your contract such as cost of insurance, mortality and expense risk charges, riders and sales charges. If they did, the performance quoted would be significantly lower. For the specific charges and expenses associated with your product, please refer to the prospectus. Returns of less than one year are not annualized. For variable life insurance products, refer to the hypothetical illustrations in the prospectus, which show the effect on performance of various assumptions regarding the cost of insurance protection. You may also obtain a personalized illustration of historical performance, which reflects the cost of your policy's insurance protection.

Fund Facts & Holdings (As of 12/31/2009 unless noted otherwise)

Portfolio Data²

Inception Date : 5/13/1983
Number of Holdings : 1196
Net Assets : $2.1 Billion

Market Exposure (% of Assets)
Stocks	52.8%
Bonds	46.3
Other	0.9

PORTFOLIO MANAGEMENT

This Portfolio is managed by a team of portfolio managers. Margaret Stumpp, Ph.D., Senior Managing Director of Prudential Investment Management, has been the lead portfolio manager of the Portfolio since 1994 and is responsible for the overall asset allocation decisions.

The Fixed Income segments are managed by Prudential Investment Management- Fixed Income. PIM-Fixed Income uses a bottom-up approach, which focuses on individual securities, while staying within the guidelines of the Investment Policy Committee and Portfolio’s investment restrictions and policies. In addition,the Credit Research team of analysts supports the sector teams using bottom-up fundamentals,as well as economic and industry trends. Other sector teams may contribute to securities selection when appropriate.

The equity portion of the Portfolio is managed by Margaret Stumpp, John Moschberger, and Michael Lenarcic. Mr. Lenarcic is a Managing Director within Prudential's Quantitative Management team joining the team in 1985, Mr. John Moschberger, CFA, Vice President of Prudential Investments, manages the portions of each Portfolio designed to duplicate the performance of the S&P 500. Mr. Moschberger joined Prudential in 1980 and has been a portfolio manager since 1986.

FIRM OVERVIEW

One of the world's oldest and largest financial service companies.
Prudential Financial companies, with approximately $580 billion in total assets under management and administration as of June 30, 2009, serve individual and institutional customers worldwide.

Investors should consider the contract and the underlying portfolios' investment objectives, risks, and charges and expenses carefully before investing. The contract's prospectus and the underlying portfolios' prospectus contain this and other important information. Read them carefully before investing or sending money.

FOR USE WITH THE PUBLIC ONLY WHEN PRECEDED OR ACCOMPANIED BY A CURRENT VARIABLE PRODUCT PROSPECTUS, PRODUCT MATERIAL (product brochure or illustration) AND THE CURRENT MONTHLY PERFORMANCE REVIEW FOR THE SPECIFIC PRODUCT.

²Source: Prudential Investment Management. Holdings are unaudited and subject to change.

Prudential Investment Management-Fixed Income is a unit of Prudential Investment Management (PIM). PIM is a Registered Investment Advisor and a Prudential Financial company.

Unless noted otherwise, Lipper Average and Index returns reflect performance beginning the closest month-end date to the Portfolio's inception.

The Conservative Balanced Custom Blended Index consists of a blend of the S&P 500 Index (50%), the Barclays Capital U.S. Aggregate Bond Index (40%), and the T-Bill 3-Month Blend (10%).

The S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market.

The Lipper (VIP) Mixed Asset Allocation Growth Funds Average is calculated by Lipper Analytical Services, Inc., and reflect Funds that, by portfolio practice, maintain a mix of between 60%-80% equity securities, with the remainder invested in bonds, cash, and cash equivalents. These returns are net of investment fees and fund expenses, but not product charges. Investors cannot invest directly in a market index or average.

Variable life insurance and variable annuities are issued by The Prudential Insurance Company of America, Newark, NJ, Pruco Life Insurance Company, Pruco Life Insurance Company of New Jersey, both located in Newark, NJ, or Prudential Annuities Life Assurance Corporation, Shelton, CT. Variable life insurance is distributed by Pruco Securities LLC, Newark, NJ. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Both are members SIPC. All are Prudential Financial companies. Each company is solely responsible for their own respective financial conditions and contractual obligations.

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Prudential is authorized to transact business in all U.S. states and the District of Columbia. Product availability varies by state. © Copyright 2002 Prudential Financial, Inc., Newark, NJ, USA. All rights reserved.

IFS-A141414
Ed. 1/2009