AST T. Rowe Price Global Bond Portfolio

INVESTMENT OBJECTIVE
The Portfolio seeks to provide high current income and capital growth by investing in high quality foreign and U.S.dollar-denominated bonds. There can be no assurance that the investment objective will be achieved.
INVESTMENT DISCIPLINE
The Portfolio will invest at least 80% of its total assets in fixed income securities, including high quality bonds issued or guaranteed by U.S. or foreign governments or their agencies and by foreign authorities, provinces and municipalities as well as investment grade corporate bonds and mortgage and asset-backed securities of U.S. and foreign issuers. 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 may actively and frequently trade its portfolio securities resulting in higher transaction costs that can affect the Portfolio's performance

Performance (As of 12/31/2009)

Performance Chart

	YTD	1-YEAR	3-YEAR	5-YEAR	10-YEAR	SINCE INCEPTION
PORTFOLIO: Cl I	12.12	12.12	6.25	4.01	5.78	4.63
BARCLAYS CAPITAL GLOBAL AGGREGATE INDEX	6.93	6.93	7.05	4.56	6.49	6.50

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 : 5/3/1994
Net Assets : $409.6 Million
Number of Holdings : 844

Largest Holdings (% of Assets-Holdings are subject to change)²
United States 1.750%, 08/15/2012	3.1%
Japan 0.600%, 09/20/2014	2.6
United Kingdom 4.250% 06/07/2032	1.8
United States 2.375%, 08/31/2020	1.7
Japan 1.300%, 03/20/2015	1.7
Mexico 8.000%, 12/19/2013	1.6
Japan 1.500% 06/20/2012	1.6
Japan 1.900%, 03/20/2025	1.6
France 5.750%, 10/25/2032	1.6
United States 3.125%, 09/30/2013	1.6

Largest Industry (% of Assets)²
Government	45.3%
Corporate	23.3
Collateralised	18.2
Sub Investment Grade	5.5
Agency/Supernational	4.4
Cash Equivalents	3.3

PORTFOLIO MANAGEMENT

Ian D. Kelson is a Vice President of T. Rowe Price Group, Inc., and T. Rowe Price International, Inc. He joined T. Rowe Price International, Inc., in 2000 as head of international fixed income. Prior to joining T. Rowe Price, Ian was head of fixed income for Morgan Grenfell/Deutsche Asset Management, where he was responsible for $50 billion of global fixed-income assets managed for clients worldwide. Prior to joining Morgan Grenfell in 1985, he worked for Bank of America International Investment Management Service. Ian earned a B.A. in Economics from King’s College, Cambridge, and an M.S. in Econometrics from the London School of Economics.

FIRM OVERVIEW

Established in 1937.
$366 billion in assets under management (as of 9/30/09).
Portfolio managers access analysts located in major marketplaces around the globe.
The firm supports one of the industry's largest proprietary research efforts providing fundamental in-depth analysis and sector expertise.

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

The Barclays Capital U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These returns do not include the effect of any investment management expenses. These returns would have been lower if they included the effect of these expenses. Investors cannot invest directly in a market index.

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.

^† This document is in Adobe Acrobat format and requires the Adobe Acrobat Reader 3.0 (or later) plug-in for viewing.Obtain the plug-in and instructions for installation free of charge.

Privacy and Business Integrity | Terms and Conditions

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-A110887
Ed. 5/2009