Natural Resources Portfolio

INVESTMENT OBJECTIVE
Seeks long-term growth of capital. There can be no assurance that the investment objective will be achieved.
INVESTMENT DISCIPLINE
This Portfolio consists primarily of common stocks and convertible securities of companies that own, explore, process or otherwise develop natural resources, or supply goods and services to such companies. We look to invest in areas where commodity prices are temporarily low but which offer compelling opportunities based on existing or anticipated macroeconomic shifts and/or supply and demand dynamics. We principally focus on securities that we believe are attractively priced relative to the intrinsic value of the relevant natural resource sector, or are positioned to benefit from existing or anticipated economic conditions. We take a contrarian/value approach in our natural resources strategy, seeking inexpensive securities in sectors that are temporarily out of favor.

Performance (As of 12/31/2009)

Performance Chart

	YTD	1-YEAR	3-YEAR	5-YEAR	10-YEAR	SINCE INCEPTION
PORTFOLIO: Class I	77.10	77.10	7.27	18.65	19.67	14.94
PORTFOLIO: Class II	76.41	76.41	6.85	N/A	N/A	18.76
S&P 500 INDEX	26.47	26.47	-5.62	0.42	-0.95	9.35
LIPPER (VUF) NATURAL RESOURCES FUND INDEX	50.06	50.06	2.32	12.16	13.67	N/A

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.

Unless noted otherwise, Lipper Avg. and Index returns reflect performance beginning the closest month-end date to the Portfolio's inception (Class I).

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

Portfolio Data²

Inception Date-Class I : 5/1/1988
Inception Date-Class II : 5/2/2005
Number of Holdings : 108
Net Assets : $1.2 Billion

Largest Stock Holdings (% of Assets-Holdings are subject to change)²
Southwestern Energy Co	2.7%
Freeport-Mcmoran Copper & Gold	2.2
Occidental Petroleum	2.1
Halliburton	2.0
Apache Corp.	1.8
Dril-Quip Inc.	1.8
Pacific Rubiales Energy Corp.	1.7
Petrobras Brasileiro -Adr	1.7
Eldorado Gold Corp.	1.7
OGX Petroleo e Gas Participacoes S/A	1.7

Sector Breakdown (% of Assets)²
Energy*	59.9%
Materials	33.7
Utilities	1.7
Industrials	1.4
Consumer Staples	1.1

Largest Industries (% of Assets)²
Oil & Gas	44.5%
Metals & Mining	33.2
Energy Equipment & Services	15.3
Food Products	1.1
Gas Utilities	1.1

PORTFOLIO MANAGEMENT

David Keifer, Portfolio Manager David Kiefer, Executive Vice President, Head of Large Cap Value Equity, holds a B.S. in Civil Engineering from Princeton University, an M.B.A. from Harvard Business School and has 16 years of investment experience.

John D. Saunders,Vice President, John (Jay) Saunders joined Jennison in October 2005 after working for the Global Oil Team as a Vice President at Deutsche Bank Securities from 2000 to 2005. Jay received a B.A. from the College of William and Mary in 1992 and a Masters in Print Journalism from American University in 1998.

Neil P. Brown, CFA, Associate of Equity Research.Neil Brown joined Jennison in November 2005 after working on the North American Oil and Gas Exploration and Production team as an Equity Research Associate/Analyst at Deutsche Bank Securities from 2000 to 2005. Neil received a B.A. in Mathematics and History from Duke University in 1997.

FIRM OVERVIEW

Founded in 1969.
Achieves investment success based on research, teamwork, and specialization.
Manages over $85.5 billion in assets as of 9/30/09.

Natural resource companies are affected by numerous factors, including events of in nature, inflationary pressures, and international politics. The Portfolio may actively and frequently trade its portfolio securities. High portfolio turnover results in higher transaction costs and can affect the Portfolio's performance. The Portfolio may invest in foreign securities, which are subject to the risks of currency fluctuation and the impact of social, political, and economic change. The Portfolio is not diversified and may not be appropriate for all investors. Investment in a non-diversified portfolio involves greater risks than a diversified investment, because a loss resulting from a particular security will have a greater impact on the portfolio's overall return.

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.

² Source: Prudential Investment Management. Holdings are unaudited and subject to change.Source of Sector classification: S&P/MSCI (*This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system).

Jennison Associates is a Registered Investment Advisor and a Prudential Financial company.

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

The Lipper (VUF) Natural Resources Funds Average is calculated by Lipper Analytical Services, Inc. and reflect Funds that invest primarily in the equity securities of domestic and foreign companies engaged in natural resources. 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. Jennison, Dryden, JennisonDryden, PRU,Prudential Financial,and the Rock Prudential logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Each company is solely responsible for its own respective financial conditions and contractual obligations.

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.

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0155509-00002-00
Ed. 1/2010