AST Cohen & Steers Realty Portfolio

INVESTMENT OBJECTIVE
The Portfolio seeks to maximize total return through investment real estate securities. There can be no assurance that the investment objective will be achieved.
INVESTMENT DISCIPLINE
The Portfolio pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in securities of real estate issuers. The Portfolio is not diversified and may not be appropriate for all investors. Investment in a non-diversified portfolio involves greater risk than a diversified investment, because a loss resulting from a particular security will have a greater impact on the portfolio's overall return.

Performance (As of 12/31/2009)

Performance Chart

	YTD	1-YEAR	3-YEAR	5-YEAR	10-YEAR	SINCE INCEPTION
PORTFOLIO: Cl I	31.93	31.93	-11.80	1.50	10.53	7.33
S&P 500 INDEX	26.47	26.47	-5.62	0.42	-0.95	2.93

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 Data-Cl I : 1/2/1998
Net Assets : $386.5 Million
Number of Holdings : 52

Largest Stock Holdings (% of Assets-Holdings are subject to change)²
Simon Property Group	10.8%
Public Storage	7.3
Equity Residential	4.8
Prologis	4.7
Vornado Realty Trust	4.4
Host Hotels & Resorts Inc	4.1
Macerich Co	3.8
Boston Properties	3.6
HCP Inc.	3.4
Developers Diversified Realty Corp.	3.0

Sector Breakdown (% of Assets)²
Financials	89.8%
Consumer Discretionary	2.7
Healthcare	1.8
Materials	0.5

PORTFOLIO MANAGEMENT

Martin Cohen is co-chairman and co-CEO, is a senior portfolio manager for all of Cohen Steers' portfolios and co-heads the firm's investment committee; he has 29 years of investment experience. Prior to co-founding the firm in 1986 with Robert Steers, Mr. Cohen was a portfolio manager and analyst with National Securities and Research Corporation and Citibank. Mr. Cohen has a BS degree from the City College of New York and an MBA degree from New York University.

Robert Steers is co-chairman and co-CEO, is a senior portfolio manager for all of Cohen Steers' portfolios and co-heads the firm's investment committee; he has 28 years of investment experience. Prior to founding the firm in 1986 with Martin Cohen, Mr. Steers was a portfolio manager and analyst with National Securities and Research Corporation and Citibank. Mr. Steers has a BS degree from Georgetown University and an MBA degree from George Washington University.

FIRM OVERVIEW

Largest U.S. REIT securities manager with an 18 year track record.
$22.5 billion in assets under management (as of 9/30/09).
Extensive research of individual companies, and sectors within the real estate market, as well as broader macro-economic trends.
Strategic focus on income-producing equity securities including REITS, utilities and preferreds.

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, Inc. (PIM) and Lipper Inc. PIM is a Prudential Financial company. Source of Sector classification: S&P/MSCI. Holdings are unaudited and subject to change. Negative holding percentages reflect outstanding trades at period end.

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

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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IFS-A110867
Ed. 5/2009