AST Balanced Asset Allocation

Investment Objective
The investment objective is to obtain the highest potential total return consistent with its specified level of risk tolerance.There can be no assurance that the investment objective will be achieved.
Investment Discipline
This Portfolio is a “funds of funds.” That means that it invests primarily in one or more mutual funds in accordance with its own asset allocation strategy. Consistent with the investment objectives and policies of the Portfolio, other mutual funds may from time to time may be added to, or removed from, the list of Underlying Portfolios that may be used in connection with the portfolio. Currently, the only Underlying Portfolios in which they invest are other Portfolios of the Trust and certain money market funds advised by the Manager or one of its affiliates.

Performance (As of 12/31/2009)

Performance Chart

	YTD	1-YEAR	3-YEAR	5-YEAR	10-YEAR	SINCE INCEPTION
PORTFOLIO: Cl I	23.30	23.30	-1.39	N/A	N/A	1.54
S&P 500 INDEX	26.47	26.47	-5.62	0.42	-0.95	-0.65
BALANCED AA CUSTOM BLENDED INDEX	19.99	19.99	-0.47	3.20	2.98	2.79

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 : 12/5/2005
Net Assets :

Portfolio Management

The asset allocation strategy for the Portfolio is determined by Prudential Investments, LLC (PI) and Quantitative Management Assocaiets LLC (QMA). As a general matter, QMA will begin by constructing a neutral allocation for the Portfolio. Each neutral allocation initially divides the assets for the corresponding Portfolio across three broad-based securities benchmark indexes. These three benchmark indexes are the Russell 3000 Index, which generally serves as a proxy for domestic equities markets, the MSCI EAFE Index, which generally serves as a proxy for international equities markets, and the Barclays Capital U.S. Aggregate Bond Index, which generally serves a proxy for the investment-grade domestic bond market.

Generally, PI and QMA currently expect that the assets of the AST Balanced Asset Allocation Portfolio will be invested as set forth below. Quantitative Management Associates LLC, and Prudential Investments are Prudential Financial companies.

The approximate Net Assets Allocated to Underlying Portfolios Investing Primarily in Equity Securities 60% (Generally ranging from 52.5% to 67.5%). The approximate Net Assets Allocated to Underlying Portfolios Investing Primarily in Debt Securities and Money Market Instruments is 40% (Generally ranging from 32.5% to 47.5%).

Firm Overview

One of the world's oldest and largest financial service companies.Prudential Financial companies, with approximately $631 billion in total assets under management and administration as of June 30, 2009, serve individual and institutional customers worldwide.

The Portfolio is exposed to the same types of risks as the underlying funds in which it invests. These risks include small- and mid-cap stocks, which may be subject to more erratic market movements than large-cap stocks; high yield ("junk") bonds, which are subject to greater credit and market risks; short sales, which involve costs and the risks of potentially unlimited losses; leveraging, which may magnify losses; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. Asset Allocation does not assure a profit or protect against loss in declining markets.

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.

An investment in the Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Portfolio.

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.

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.

The Blended Index consists of Russell 3000 Index (48%), a market cap-weighted index that measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92%of the total market, Barclays Capital U.S. Aggregate Bond Index (40%) an unmanaged index comprised of all publicly issued, fixed-rate, nonconvertible, dollar-denominated, SEC-registered, investment-grade corporate debt, and MSCI EAFE (Morgan Stanley Capital International Europe, Australasia, Far East) Index(GD) (12%).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.

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

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.

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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.

0162891-00001-00
Ed. 10/2009