Investment Fact Sheets - Prudential

Investment Fact Sheets

Please read all of the documents contained in this booklet (Click on a fund in the Table of Contents to be directed to that fund’s specific fact sheet)

TABLE OF CONTENTS PAGE

PruSecure (non-New York) 2 PruSecure (New York version) 3 MoneyMart Assets Series A 4 AST Preservation Asset Allocation 5 AST Balanced Asset Allocation 6 AST Capital Growth Asset Allocation 7 Target Total Return Bond Fund R 8 Dryden Government Income R 9 Dryden High-Yield R 10 Target Large Cap Growth Fund R 11 Jennison Growth R 12 Dryden Stock Index A 13 Jennison 20/20 Focus R 14 Target Large Cap Value Fund R 15 Jennison Value R 16 Jennison Mid Cap Growth R 17 Target Small Cap Growth Fund R 18 Jennison Small Company R 19 Target Small Cap Value Fund R 20 Target International Equity Fund R 21 Jennison Natural Resources Fund R 22 Jennison Utility Fund R 23 User’s Guide 24

Mutual fund shares are offered by Prudential Investment Management Services, LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077, a Prudential Financial company. Member FINRA/SIPC. Investment advisory services provided by Global Portfolio Strategies, Inc., a Prudential Financial company.

PruSecure Account

Key FactsISSUER: The Prudential Insurance

Company of AmericaINVESTMENT ADVISER: Prudential Investment

Management, Inc.FUND CATEGORY: Stable ValueNET ASSETS: $6,148 MillionINCEPTION DATE: Jan. 1982

Investor Risk Profile

589252-2090155278-00001-00

This Fund may be suitable for investors who seek:■ Preservation of capital plus attractive intermediate-term returns.■ Liquidity and income.

Portfolio Allocation As of 6/30/2009

Claims-paying ratings represent the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insur-ance policies.

According to Standard & Poor’s publications, an insurer rated “AA-” (4th category of 21) has very strong financial security characteristics, differing onlyslightly from those rated higher. An insurer rated “AAA” has extremely strong financial security characteristics. “AAA” is the highest Insurer FinancialStrength Rating assigned by Standard & Poor’s.

Moody’s indicates that “A2” (6th category of 21) rated insurance companies offer good financial security. Insurance companies rated “Aaa” offer exception-al financial security. In addition, Moody’s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being thelowest. While the credit policy of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentallystrong position. “Aaa” is the highest Insurer Financial Strength Rating assigned by Moody’s.

Fitch indicates that “A+” (5th category of 21) companies are viewed as possessing strong capacity to meet policyholder and contract obligations. Risk factorsare modest, and the impact on any adverse business and economic factors is expected to be very small. According to Fitch, “AAA” is Exceptionally Strong.Insurers assigned this highest rating are viewed as possessing an exceptionally strong capacity to meet policyholder and contract obligations. For such companies,risk factors are minimal and the impact on any adverse business and economic factors is expected to be extremely small. “AAA” is the highest rating issued byFitch.

A.M. Best considers “A+” (2nd category of 15) rated companies to have a superior ability to meet their ongoing obligations to policyholders. An “A++” rat-ing is assigned to companies that have, in their opinion, a superior ability to meet their ongoing obligations to policyholders. “A++” is the highest ratingissued by A.M. Best.

Rating information current as of March 18, 2009. For current information on other Prudential Financial operating insurance companies, please visit theInvestor Relations website at www.investor.prudential.com.

The PruSecure Account is a group annuity product issued by The Prudential Insurance Company of America (PICA), Newark, NJ 07102. Amounts contributedto the contract are deposited in PICA’s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract areinsurance claims supported by the full faith and credit of PICA. PICA periodically resets the interest rate credited on contract balances, subject to a minimumrate specified in the group annuity contract. Past interest rates are not indicative of future rates. This product is neither a mutual fund nor a bank product.The obligations of PICA are not insured by the FDIC or any other federal governmental agency.

Prudential Retirement is compensated in connection with this product when general account investment returns exceed the interest credited on contract balances. Other than such compensation, there are no additional charges imposed that reduce the interest rate credited. Due to the absence of additionalcharges, there is not an expense ratio associated with this product. For some plans, Prudential Retirement uses a portion of its aggregate compensation tosatisfy the plan’s request for allowances and for payments to defray plan expenses. If Prudential Retirement’s aggregate compensation from this product andfrom other plan investment products exceeds the costs of servicing your plan, Prudential Retirement earns a profit; otherwise we incur a loss.

Frequent exchanging between plan investment options may harm long-term investors. Your plan or the plan’s investment funds may have provisions to deterexchanges that may be abusive. These policies may require us to modify, restrict or suspend purchase or exchange privileges and/or impose redemption fees.

The Prudential Insurance Company of America and Prudential Investment Management, Inc. (PIM) are Prudential Financial companies, PIM is a registeredinvestment adviser. Each company is solely responsible for its financial condition and contractual obligations.

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.

OBJECTIVE AND STRUCTURE

The PruSecure Account (the “Fund”) is a stable value product designed to provide safety of principal,liquidity and a stable rate of return.

THE FUND OFFERS

■ Predictability of returns■ Guaranteed protection of principal and credited interest from market volatility■ Improved earnings power versus short-term or money market investments

FEATURES AND PROVISIONS

■ Principal and credited interest are fully guaranteed by The Prudential Insurance Company of America.■ The guaranteed interest crediting rate is announced in advance and is guaranteed for a six month

period. Past crediting rates are not indicative of future rates.

■ Pooled general account stable value product providing attractive crediting rates.■ Guaranteed interest rates are based on many factors, including current economic and

market conditions, the general interest rate environment and both the expected and actual performanceof the portfolio.

■ The Fund invests in a diversified portfolio of fixed income instruments (primarily private placementbonds, intermediate-term bonds and commercial mortgages) within The Prudential Insurance Companyof America’s general account.

■ Any withdrawals made from the PruSecure Account within one (1) year from the initial contribution date will be subject to a 1% contingent deferred sales charge on the amounts withdrawn.Amounts withdrawn may also be subject to a Market Value Adjustment if portfolio withdrawal thresholds are met or exceeded.

■ Interest is credited daily.

The guaranteed rate will never be less than the rate required by law and in not event will be less than 1%.

The PruSecure crediting rate is guaranteed by The Prudential Insurance Company of America which enjoys the following ratings:

U.S. Treasury Rates As of 6/30/2009

Second Quarter 2009

Fund Fact Sheet

0%

1%

2%

3%

4%

JunMayAprMarFebJanDecNovOctSepAugJul

3 Year2008 2009

CREDITING RATE*: 3.60%

Public Corporate Bonds 31%

Commercial Mortgage Loans* 18%

Private Securities 21%

Government/U.S. Agencies** 16%

Public Structured Bonds 14%

Cash and Other 1%

Rating Agency Rating DescriptionMoody’s A2 Good – 6th highest of 21Standard & Poor’s AA- Very Strong – 4th highest of 21A.M. Best A+ Superior – 2nd highest of 15Fitch A+ Strong – 5th highest of 21

* Effective 7/1/09; for the period 7/1/09 – 12/31/09.

Average Quality AAverage Duration 2.9

*may include agriculture loans**includes Agency MBS

Public Structured Bonds includes Mortgage Backed Securities and any debt that wasused to purchase these securities.Portfolio allocation is subject to change.

PruSecure Account

Key FactsISSUER: The Prudential Insurance

Company of AmericaINVESTMENT ADVISER: Prudential Investment

Management, Inc.FUND CATEGORY: Stable ValueNET ASSETS: $6,148 MillionINCEPTION DATE: Jan. 1982


589252-209/New York ed.INST-20090210-A029733

This Fund may be suitable for investors who seek:■ Preservation of capital plus attractive intermediate-term returns.■ Liquidity and income.


Claims-paying ratings represent the opinions of rating agencies regarding the financial ability of an insurance company to meet its obligations under its insur-ance policies.

According to Standard & Poor’s publications, an insurer rated “AA-” (4th category of 21) has very strong financial security characteristics, differing onlyslightly from those rated higher. An insurer rated “AAA” has extremely strong financial security characteristics. “AAA” is the highest Insurer FinancialStrength Rating assigned by Standard & Poor’s.

Moody’s indicates that “A2” (6th category of 21) rated insurance companies offer good financial security. Insurance companies rated “Aaa” offer exception-al financial security. In addition, Moody’s appends numerical modifiers 1, 2, 3 to each generic rating classification, with 1 being the highest and 3 being thelowest. While the credit policy of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentallystrong position. “Aaa” is the highest Insurer Financial Strength Rating assigned by Moody’s.

Fitch indicates that “A+” (5th category of 21) companies are viewed as possessing strong capacity to meet policyholder and contract obligations. Risk factorsare modest, and the impact on any adverse business and economic factors is expected to be very small. According to Fitch, “AAA” is Exceptionally Strong.Insurers assigned this highest rating are viewed as possessing an exceptionally strong capacity to meet policyholder and contract obligations. For such companies,risk factors are minimal and the impact on any adverse business and economic factors is expected to be extremely small. “AAA” is the highest rating issued byFitch.

A.M. Best considers “A+” (2nd category of 15) rated companies to have a superior ability to meet their ongoing obligations to policyholders. An “A++” rat-ing is assigned to companies that have, in their opinion, a superior ability to meet their ongoing obligations to policyholders. “A++” is the highest ratingissued by A.M. Best.

Rating information current as of March 18, 2009. For current information on other Prudential Financial operating insurance companies, please visit theInvestor Relations website at www.investor.prudential.com.

The PruSecure Account is a group annuity product issued by The Prudential Insurance Company of America (PICA), Newark, NJ 07102. Amounts contributedto the contract are deposited in PICA’s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract areinsurance claims supported by the full faith and credit of PICA. PICA periodically resets the interest rate credited on contract balances, subject to a minimumrate specified in the group annuity contract. Past interest rates are not indicative of future rates. This product is neither a mutual fund nor a bank product.The obligations of PICA are not insured by the FDIC or any other federal governmental agency.

Prudential Retirement is compensated in connection with this product when general account investment returns exceed the interest credited on contract balances. Other than such compensation, there are no additional charges imposed that reduce the interest rate credited. Due to the absence of additionalcharges, there is not an expense ratio associated with this product. For some plans, Prudential Retirement uses a portion of its aggregate compensation tosatisfy the plan’s request for allowances and for payments to defray plan expenses. If Prudential Retirement’s aggregate compensation from this product andfrom other plan investment products exceeds the costs of servicing your plan, Prudential Retirement earns a profit; otherwise we incur a loss.

Frequent exchanging between plan investment options may harm long-term investors. Your plan or the plan’s investment funds may have provisions to deterexchanges that may be abusive. These policies may require us to modify, restrict or suspend purchase or exchange privileges and/or impose redemption fees.

The Prudential Insurance Company of America and Prudential Investment Management, Inc. (PIM) are Prudential Financial companies, PIM is a registeredinvestment adviser. Each company is solely responsible for its financial condition and contractual obligations.

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America,Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.

OBJECTIVE AND STRUCTURE

The PruSecure Account (the “Fund”) is a stable value product designed to provide safety of principal,liquidity and a stable rate of return.

THE FUND OFFERS

■ Predictability of returns■ Guaranteed protection of principal and credited interest from market volatility■ Improved earnings power versus short-term or money market investments

FEATURES AND PROVISIONS

■ Principal and credited interest are fully guaranteed by The Prudential Insurance Company of America.■ The guaranteed interest crediting rate is announced in advance and is guaranteed for a six month

period. Past crediting rates are not indicative of future rates.

■ Pooled general account stable value product providing attractive crediting rates.■ Guaranteed interest rates are based on many factors, including current economic and

market conditions, the general interest rate environment and both the expected and actual performanceof the portfolio.

■ The Fund invests in a diversified portfolio of fixed income instruments (primarily private placementbonds, intermediate-term bonds and commercial mortgages) within The Prudential Insurance Companyof America’s general account.

■ Amounts withdrawn may be subject to a Market Value Adjustment if individual account withdrawalthresholds are met or exceeded.

■ Interest is credited daily.

The guaranteed rate will never be less than the rate required by law and in not event will be less than 1%.

The PruSecure crediting rate is guaranteed by The Prudential Insurance Company of America which enjoys the following ratings:

U.S. Treasury Rates As of 6/30/2009

Second Quarter 2009

Fund Fact Sheet

New York Version

0%

1%

2%

3%

4%

JunMayAprMarFebJanDecNovOctSepAugJul

3 Year2008 2009

CREDITING RATE*: 3.60%Public Corporate Bonds 31%

Commercial Mortgage Loans* 18%

Private Securities 21%

Government/U.S. Agencies** 16%

Public Structured Bonds 14%

Cash and Other 1% Rating Agency Rating DescriptionMoody’s A2 Good – 6th highest of 21Standard & Poor’s AA- Very Strong – 4th highest of 21A.M. Best A+ Superior – 2nd highest of 15Fitch A+ Strong – 5th highest of 21

* Effective 7/1/09; for the period 7/1/09 – 12/31/09.

Average Quality AAverage Duration 2.9

*may include agriculture loans**includes Agency MBS

Public Structured Bonds includes Mortgage Backed Securities and any debt that wasused to purchase these securities.Portfolio allocation is subject to change.

MoneyMart Assets Series A

Typical Risk / Reward Relationships

PBMXX /Ed 6/30/20090158404-00001-00

Performance* (%) As of 6/30/2009

MoneyMart Assets – Series A 0.07% 0.23% 1.22% 3.35% 3.03% 2.95% N/AThe 7-Day Current Yield as of 6/30/2009 is 0.20%

Citigroup 3 Mo. T-Bill Index 0.05% 0.10% 0.78% 3.04% 3.02% 3.08% —

INVESTMENT OBJECTIVE

Maximum current income consistent with stability of capital and maintenance of liquidity. There is no assurance the objectives of the Fund will be met.

PRIMARY INVESTMENTS

A diversified portfolio of short-term debt obligations issued or guaranteed by the U.S. Government or itsagencies or instrumentalities. Obligations include, but are not limited to, obligations issued by the U.S.Government, its agencies and instrumentalities, commercial paper, asset-backed securities, fundingagreements, variable rate demand notes, bills notes, and other obligations issued by banks, corporationsand other companies (including trust structures), obligations issued by foreign banks, companies or foreign governments, and municipal notes.

INVESTMENT ADVISOR

Prudential Investment Management, Inc. (PIM) is the Fund’s investment adviser. Joseph Tully has primaryresponsibility for overseeing the day-to-day management of the fund.

HOW THE FUND IS INVESTED

The Fund invests in high-quality money market instruments to try to provide investors with currentincome while maintaining a stable net asset value of $1 per share. We manage the Fund to comply withspecific rules designed for money market mutual funds. This means that we manage the Fund's portfolioto comply with the requirements of the Investment Company Act of 1940, as amended (the 1940 Act)Rule 2a-7. As such, we will not acquire any security with a remaining maturity exceeding thirteenmonths, and we will maintain a dollar-weighted average portfolio maturity of 90 days or less. In addition,we will comply with the diversification, quality and other requirements of Rule 2a-7. This means, general-ly, that the instruments we purchase present "minimal credit risk" and are of "eligible quality." "Eligiblequality" for this purpose means a security: (a) rated in one of the two highest short-term rating cate-gories by at least two nationally recognized statistical rating organizations (NRSROs) or, if only oneNRSRO has rated the security, so rated by that NRSRO; (b) rated in one of the three highest long-termrating categories by at least two NRSROs or, if only one NRSRO has rated the security, so rated by thatNRSRO; or (c) if unrated, of comparable quality as determined by the Fund's investment adviser. Allsecurities that we purchase will be denominated in U.S. dollars but may be issued by a foreign issuer.

An investment in a money market fund is neither insured nor guaranteed by the Federal

Deposit Insurance Corporation or any other government agency. Although the Fund seeks

to preserve the value of your investment at $1.00 per share, it is possible to lose money by

investing in the Fund. The yield quotation more closely reflects the current earnings of the

Portfolio than the total return quotation.

Fund’s Inception Date: 06/01/1976*Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of (0.125%),after waiver, and an annual sub-accounting and/or servicing fee of (0.13%).Performance was provided by Prudential Investment Management Services (PIMS). The performance quoted represents past perfor-mance. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more orless than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the per-formance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit ourwebsite at www.prudential.com. Performance results reflect the reinvestment of all income earned in the Account. Results are statedprior to the deduction of any investment advisory fees, and, if reflected, would reduce the performance quoted.Investors should carefully consider a fund’s investment objectives, risks, charges and expenses before investing. For more com-plete information about the investment options available through your accouunt, please call 1-877-778-2100 for a free prospec-tus that contains this and other information about our funds. Read the prospectus carefully before investing. It is possible to losemoney investing in securities.Citigroup 3 Month T-Bill Index is an index whereby equal dollar amounts of three month Treasury Bills are purchased at the beginning of each of three consecutivemonths. As each bill matures, all proceeds are rolled over or reinvested in a new three month bill. The income used to calculate the monthly return is derived by subtractingthe original amount invested from the maturity value. The Index performance reflects reinvestment of earnings, but has not been reduced to reflect the costs associated withinvestment management / advisory fees and transaction costs. Investors cannot invest directly in an index.These performance results represent the change in net asset value of an investment over a stated period, assuming thereinvestment of dividends and capital gains distributions.

Shares of this fund are offered through Prudential Investment Management Services LLC (PIMS), Three GatewayCenter, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided byGlobal Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company.

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of ThePrudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a PrudentialFinancial business.

MONEYMARKET

STABLEVALUE

BONDS

STOCKS

PotentiallyLower Risk

PotentiallyHigher Risk

PotentiallyLower

Reward

PotentiallyHigherReward

The typical risk/reward relationships illustrated here are based solely onthe characteristics of the general investment categories of the investmentoptions and not on actual security holdings, which can change frequently.Risks (potential for loss of principal value) associated with the investmentoptions can vary significantly within each particular investment categoryand the relative risks of the categories may change under certain economicconditions. The typical relationships shown do not represent actual orimplied performance. Based on the investment objective of this Fund, itsrisk/reward potential is indicated in the illustration.

Second Quarter 2009

Fund Fact Sheet

CUMULATIVE RETURNS AVERAGE ANNUAL TOTAL RETURNS

Quarter YTD 1 Year 3 Year 5 Year 10 Year Since Inception

Prudential Retirement Security AnnuityPrudential Retirement Security Annuity II Prudential IncomeFlex® AST Preservation Asset Allocation Portfolio

Key Facts – Portfolio


Second Quarter 2009 Fund Fact Sheet

AS8-DC/209

Performance (%) As of 6/30/2009

OBJECTIVE/DESCRIPTION

This Portfolio is one of a series of AST Asset Allocation Portfolios available as a variable investment option underPrudential Retirement Security Annuity and Prudential Retirement Security Annuity II (each, the Annuity). TheAnnuity is a variable annuity that features Prudential IncomeFlex, a guaranteed minimum withdrawal benefitincluded for an additional fee. The Annuity also imposes insurance and administrative charges. For more detailsabout IncomeFlex and other features and charges of the Annuity, please refer to the product prospectus.

AST Preservation Asset Allocation Portfolio seeks the highest potential total return consistent with its specifiedlevel of risk tolerance. The Portfolio seeks to achieve its investment objective by investing primarily in one ormore Portfolios of the Advanced Series Trust in accordance with its own asset allocation strategy. Under normalmarket conditions, the Portfolio will devote between 27.5% to 42.5% of its net assets to underlying portfoliosinvesting primarily in equity securities, and 57.5% to 72.5% of its net assets to underlying portfolios investing pri-marily in debt securities and money market instruments. The IncomeFlex lifetime income guarantees are generalaccount obligations of the Prudential Retirement Insurance and Annuity Company (PRIAC); these guarantees arenot obligations of the underlying Portfolio. There is no assurance the portfolio’s objectives will be achieved.

Portfolio 10.35 6.57 -11.18 — — — -5.98

Mandate Benchmark 7.55 3.42 -6.18 — — — —

MULTI-MANAGER: AST Investment Services, Inc.Prudential Investments, LLC

PORTFOLIO CATEGORY: BalancedNET ASSETS: $3.85 MillionINCEPTION DATE: May 1, 2007GROSS EXPENSE RATIO: 2.50% of portfolio assetsMANDATE BENCHMARK: 28% Russell 3000 Index;

7% MSCI EAFE Index;65% Barclays Capital Aggregate Bond Index

SPECIALTY 1.3%T. Rowe Price Natural Resources

SHORT-TERM 0.5%Dryden Core Investment

LARGE CAP 28.0%Marsico Capital Growth T. Rowe Price Large Cap Growth Large Cap Value AllianceBernstein Growth & Income

SMALL CAP 1.4%Federated Aggressive Growth Small Cap Value

FIXED INCOME 60.0%PIMCO Total Return Western Asset Core Plus T. Rowe Price Global Bond

INTERNATIONAL 8.8%International Growth International Value

Asset Class Mix

0158650-00001-00

The separate account was created on October 6, 2006 and the Portfolio was offered through the separate account beginning May1, 2007. The Portfolio is managed, distributed and maintained by affiliates of PRIAC. In addition, PRIAC has entered into serviceagreements with the underlying Portfolio, its advisor and/or distributor, under which it may receive a fee of up to 0.10% annual-ly. Please see the prospectus for additional information about fees and expenses of the Annuity and compensation paid to PRIACand its affiliates.

Such fees, if applicable to this Portfolio, compensate Prudential Retirement for selling the Portfolio shares and servicing your account. The Portfolio’s expense ratioincludes these fees. Other investment options may generate more or less revenue than the fees associated with this Portfolio. If the aggregate revenue from youraccount exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this Portfolio may have a lower expense ratio, but youraccount’s investment options do not include such shares to compensate us for distribution and servicing.

Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an invest-ment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Currentperformance may be lower or higher than the performance quoted. For performance data current to the most recent month end,please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a statedperiod, assuming the reinvestment of dividends and capital gain distributions.

Prospectus: Investors should consider the contract and the underlying portfolio's investment objectives, risks, and charges andexpenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating toinvestment objectives, risks, and charges and expenses. For more complete information about the investment options availablethrough your account please call 1-800-992-4472 for a free prospectus that contains this and other information. Please read theprospectus carefully before investing. It is possible to lose money investing in securities. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchangesthat may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges and impose redemption fees.

Guarantees are based on the claims-paying ability of the issuing company and are subject to certain limitations terms and conditions. To maintain the IncomeFlex ben-efit, you must invest in one or more underlying funds offered as investment options under the Annuity. Guarantees do not apply to the investment return or principalvalue of the separate account or underlying fund. Like all variable investments, these underlying funds may lose value. Withdrawals in excess of the guaranteed life-time income amount will reduce future guaranteed withdrawals proportionately.

The Annuity is a variable annuity issued by Prudential Retirement Insurance and Annuity Company ("PRIAC"), Hartford, CT and offered by Prudential InvestmentManagement Services LLC, both are Prudential Financial companies. A variable annuity is suitable for long-term investing, particularly retirement savings. Eligibleinvestors may purchase the Annuity through a Prudential SmartSolution IRA. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keep-ing them in force. Your licensed financial professional can provide you with cost and complete details. The Annuity or certain of its investment options or features maynot be available in all states. Contract form # ALC-408-IFGW-2006 or state variation thereof.

Investment advisory services are provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company.

Tax deferral is generally provided by an Individual Retirement Account and employment based retirement plans. A variable annuity contract should be used to fund atax favored retirement plan to benefit from the annuity’s features other than tax deferral, including lifetime income payout option, the death benefit protection, andthe ability to transfer among investment options without sales or withdrawal charges.

Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions.

SECURITIES PRODUCTS ARE NOT FDIC INSURED/NOT BANK GUARANTEED/MAY LOSE VALUE.

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark,NJ and its affiliates. Prudential Retirement is a Prudential Financial business.



Prudential Retirement Security AnnuityPrudential Retirement Security Annuity IIPrudential IncomeFlex® AST Balanced Asset Allocation Portfolio




AS7-DC/209



This Portfolio is one of a series of AST Asset Allocation Portfolios available as a variable investment option underPrudential Retirement Security Annuity and Prudential Retirement Security Annuity II (each, the Annuity). TheAnnuity is a variable annuity that features Prudential IncomeFlex, a guaranteed minimum withdrawal benefitincluded for an additional fee. The Annuity also imposes an insurance and administrative charges. For moredetails about IncomeFlex and other features and charges of the Annuity, please refer to the product prospectus.

AST Balanced Asset Allocation Portfolio seeks the highest potential total return consistent with its specified levelof risk tolerance. The Portfolio seeks to achieve its investment objective by investing primarily in one or morePortfolios of the Advanced Series Trust in accordance with its own asset allocation strategy. Under normal mar-ket conditions, the Portfolio will devote between 52.5%-67.5%% of its net assets to underlying portfolios invest-ing primarily in equity securities, and 32.5%-47.5% of its net assets to underlying portfolios investing primarily indebt securities and money market instruments. The IncomeFlex lifetime income guarantees are general accountobligations of the Prudential Retirement Insurance and Annuity Company (PRIAC); these guarantees are notobligations of the underlying Portfolio. There is no assurance the portfolio’s objectives will be achieved.

Portfolio 12.80 5.98 -19.53 — — — -12.03





Note: Prior to July 31, 2008: The Mandate Benchmark is 44% Russell3000 Index; 11% MSCI EAFE Index; 45% Lehman Brothers Aggregate BondIndex .

FIXED INCOME 36% PIMCO Total Return Bond WAMCO Core Plus FI High Yield T. Rowe Price Global Bond

LARGE CAP 44% Marsico Capital Growth T. Rowe Price LCG MFS Growth AllianceBernstein Growth & Income Large Cap Value DeAM Large Cap Value

INTERNATIONAL EQUITY 12% International Growth International Value Parametric Emerging Markets

MID/SMALL CAP 4% Neuberger Berman Mid Cap Growth Mid Cap Value Federated Aggressive Growth Small Cap Value

SPECIALTY 4% Global REIT T. Rowe Price Nat Resources

Asset Class Mix

0158647-00001-00

The separate account was created on October 6, 2006 and the Portfolio was offered through the separate account beginning May1, 2007. The Portfolio is managed, distributed and maintained by affiliates of PRIAC. In addition, PRIAC has entered into serviceagreements with the underlying Portfolio, its advisor and/or distributor, under which it may receive a fee of up to 0.10% annual-ly. Please see the prospectus for additional information about fees and expenses of the Annuity and compensation paid to PRIACand its affiliates. Such fees, if applicable to this Portfolio, compensate Prudential Retirement for selling the Portfolio shares and servicing your account. The Portfolio’s expense ratioincludes these fees. Other investment options may generate more or less revenue than the fees associated with this Portfolio. If the aggregate revenue from youraccount exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this Portfolio may have a lower expense ratio, but youraccount’s investment options do not include such shares to compensate us for distribution and servicing.

Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an invest-ment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Currentperformance may be lower or higher than the performance quoted. For performance data current to the most recent month end,please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a statedperiod, assuming the reinvestment of dividends and capital gain distributions.

Prospectus: Investors should consider the contract and the underlying portfolio's investment objectives, risks, and charges andexpenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating toinvestment objectives, risks, and charges and expenses. For more complete information about the investment options availablethrough your account please call 1-800-992-4472 for a free prospectus that contains this and other information. Please read theprospectus carefully before investing. It is possible to lose money investing in securities. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchangesthat may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges and impose redemption fees.

Guarantees are based on the claims-paying ability of the issuing company and are subject to certain limitations terms and conditions. To maintain the IncomeFlex ben-efit, you must invest in one or more underlying funds offered as investment options under the Annuity. Guarantees do not apply to the investment return or principalvalue of the separate account or underlying fund. Like all variable investments, these underlying funds may lose value. Withdrawals in excess of the guaranteed life-time income amount will reduce future guaranteed withdrawals proportionately.

The Annuity is a variable annuity issued by Prudential Retirement Insurance and Annuity Company ("PRIAC"), Hartford, CT and offered by Prudential InvestmentManagement Services LLC, both are Prudential Financial companies. A variable annuity is suitable for long-term investing, particularly retirement savings. Eligibleinvestors may purchase the Annuity through a Prudential SmartSolution IRA. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keep-ing them in force. Your licensed financial professional can provide you with cost and complete details. The Annuity or certain of its investment options or features maynot be available in all states. Contract form # ALC-408-IFGW-2006 or state variation thereof.

Investment advisory services are provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company.







Prudential Retirement Security AnnuityPrudential Retirement Security Annuity II Prudential IncomeFlex® AST Capital Growth Asset Allocation Portfolio




AS5-DC/209



This Portfolio is one of a series of AST Asset Allocation Portfolios available as a variable investment option underPrudential Retirement Security Annuity and Prudential Retirement Security Annuity II (each, the Annuity). TheAnnuity is a variable annuity that features Prudential IncomeFlex, a guaranteed minimum withdrawal benefitincluded for an additional fee. The Annuity also imposes insurance and administrative charges. For more detailsabout IncomeFlex and other features and charges of the Annuity, please refer to the product prospectus.

AST Capital Growth Asset Allocation Portfolio: seeks the highest potential total return consistent with its specifiedlevel of risk tolerance. The Portfolio will invest its assets in several other Advanced Series Trust Portfolios. Undernormal market conditions, the Portfolio will devote approximately 75% of its net assets to underlying portfoliosinvesting primarily in equity securities (with a range of 67.5% to 80%), and 25% of its net assets to underlyingportfolios investing primarily in debt securities and money market instruments (with a range of 20.0% to 32.5%).The IncomeFlex lifetime income guarantees are general account obligations of the Prudential RetirementInsurance and Annuity Company (PRIAC); these guarantees are not obligations of the underlying Portfolio. Thereis no assurance the portfolio’s objectives will be achieved.

Portfolio 14.41 5.74 -24.41 — — — -16.41





SPECIALTY 2.8%T. Rowe Price Natural Resources

SHORT-TERM 0.5%Dryden Core Investment

LARGE CAP 54.1%Marsico Capital Growth T. Rowe Price Large Cap Growth Large Cap Value AllianceBernstein Growth & Income

SMALL CAP 3.2%Federated Aggressive Growth Small Cap Value

MID CAP 1.6%Neuberger Berman Mmid Cap GrowthMid Cap Value

FIXED INCOME 20.2%PIMCO Total Return Western Asset Core PlusT. Rowe Price Global Bond

INTERNATIONAL 17.6%International Growth International Value

Asset Class Mix

0158649-00001-00

The separate account was created on October 6, 2006 and the Portfolio was offered through the separate account beginning May1, 2007. The Portfolio is managed, distributed and maintained by affiliates of PRIAC. In addition, PRIAC has entered into serviceagreements with the underlying Portfolio, its advisor and/or distributor, under which it may receive a fee of up to 0.10% annual-ly. Please see the prospectus for additional information about fees and expenses of the Annuity and compensation paid to PRIACand its affiliates. Such fees, if applicable to this Portfolio, compensate Prudential Retirement for selling the Portfolio shares and servicing your account. The Portfolio’s expense ratioincludes these fees. Other investment options may generate more or less revenue than the fees associated with this Portfolio. If the aggregate revenue from youraccount exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this Portfolio may have a lower expense ratio, but youraccount’s investment options do not include such shares to compensate us for distribution and servicing.Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an invest-ment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Currentperformance may be lower or higher than the performance quoted. For performance data current to the most recent month end,please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a statedperiod, assuming the reinvestment of dividends and capital gain distributions.

Prospectus: Investors should consider the contract and the underlying portfolio's investment objectives, risks, and charges andexpenses carefully before investing. The contract's prospectus and the underlying portfolio prospectus contain information relating toinvestment objectives, risks, and charges and expenses. For more complete information about the investment options availablethrough your account please call 1-800-992-4472 for a free prospectus that contains this and other information. Please read theprospectus carefully before investing. It is possible to lose money investing in securities. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchangesthat may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges and impose redemption fees.Guarantees are based on the claims-paying ability of the issuing company and are subject to certain limitations terms and conditions. To maintain the IncomeFlex ben-efit, you must invest in one or more underlying funds offered as investment options under the Annuity. Guarantees do not apply to the investment return or principalvalue of the separate account or underlying fund. Like all variable investments, these underlying funds may lose value. Withdrawals in excess of the guaranteed life-time income amount will reduce future guaranteed withdrawals proportionately. The Annuity is a variable annuity issued by Prudential Retirement Insurance and Annuity Company ("PRIAC"), Hartford, CT and offered by Prudential InvestmentManagement Services LLC, both are Prudential Financial companies. A variable annuity is suitable for long-term investing, particularly retirement savings. Eligibleinvestors may purchase the Annuity through a Prudential SmartSolution IRA. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keep-ing them in force. Your licensed financial professional can provide you with cost and complete details. The Annuity or certain of its investment options or features maynot be available in all states. Contract form # ALC-408-IFGW-2006 or state variation thereof. Investment advisory services are provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company.







0159780-00001-00


Target Total Return Bond Fund R Sub-Advised by Pacific Investment Management Company (PIMCO) Key Facts INVESTMENT ADVISOR: Prudential Investments

LLCFUND CATEGORY: Intermediate-Term BondINDEX: BarCap US Govt/Credit 5-

10 Yr TR USD®NET ASSETS: $56.8 MillionINCEPTION DATE: 1/5/1993TICKER SYMBOL: TTBRXGROSS EXPENSE RATIO: 1.48%PORTFOLIO MANAGER: Chris P. Dialynas


Data Not Available

Morningstar Style BoxTM As of 6/30/2009

Results of $10,000 Investment*

5,000.00

10,000.00

15,000.00

06 07 08

Target Total Return Bond R $12,079

Annual Performance* Fund Index 2008 2007 2006 2005 2004 2003 2002 2001 2000

1.34% 8.43% 2.59% 1.39% 1.08% 5.10% 8.69% 7.26% 9.95%

5.06% 7.55% 3.81% 1.83% 5.30% 5.97%

13.03% 8.82%

12.44%

Objective/Description The investment seeks total return consisting of current income and capital appreciation. The fund invests at least 80% of investable assets in "investment-grade" debt obligations issued or guaranteed by the U.S. government and its agencies, or issued by U.S. companies, foreign companies and foreign governments and their agencies and unrated debt obligations that we believe are comparable in quality. It invests up to 30% of total assets in foreign currency-denominated debt obligations. The fund may invest up to 25% of assets in privately issued mortgage-related securities.

There is no assurance the objectives of the Fund will be met.

Shares of this fund are not issued or guaranteed by the U.S. Government.

Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise.


Cumulative Returns Average Annual Total Returns _

QTD YTD 1 Year 3 Year 5 Year 10 Year Since

InceptionFund 6.90 8.97 8.82 7.44 5.37 6.06 6.03 Index 2.09 0.93 5.18 6.42 4.94 6.40 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.23%. The Distributor has contractually agreed to this waiver through February 28, 2010. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.

Data Not Available

Top Five Holdings As of 1/31/2009

GNMA ....................................................................... 13.12% FNMA ........................................................................ 12.23% Interest Rate Swap Usd R 3ml, Orig. Tick. (0168379 .. 8.41% Interest Rate Swap Usd R 3ml, Orig. Tick. (0168379 .. 7.85% FNMA .......................................................................... 6.96%

Top Five Sectors As of 1/31/2009

Mortgage CMO ............................................................... 45.84% US Corporate ................................................................... 16.61% Mtg Pass-thru ................................................................. 16.12%US Treasury .......................................................................7.38%

Foreign Corp ...................................................................... 5.87%

Quality Distribution

Data Not Available

Portfolio Characteristics As of 1/31/2009

Fund Index Effective Duration NA 6.24 YrsAverage Maturity NA 7.60 Yrs Average Quality NA AA Average Coupon 5.47% 5.76%

Holdings and Sector allocations are ranked as a percentage of net assets and subject to change without notice.

0158680-00001-00

Second Quarter 2009 Fund Fact Sheet Dryden Government Income R

Key Facts INVESTMENT ADVISOR: Prudential Investments

LLCFUND CATEGORY: Intermediate GovernmentINDEX: BarCap US Government

TR USD®NET ASSETS: $2.5 MillionINCEPTION DATE: 5/17/2004TICKER SYMBOL: JDRVXGROSS EXPENSE RATIO: 1.44%PORTFOLIO MANAGERS: Peter Cordrey

Robert Tipp, CFARichard Piccirillo



The vertical axis represents the Fund's average credit quality as measured by Standard & Poor's rating service.

High >= AA Medium <AA and >=BBB Low <BBB

The horizontal axis represents the Fund's sensitivity to interest rates as measured by the average effective duration:

Short <=3.5 Yrs Medium > 3.5 Yrs and <=6 Yrs Long > 6 Yrs


-

5,000.00

10,000.00

15,000.00

04 05 06 07 08 09

Dryden Government Income R $12,098


3.17% 5.06% 2.91% 1.80% 2.49% 1.44% 9.60% 7.14% 10.98%

12.39% 8.66% 3.48% 2.65% 3.48% 2.36%

11.50% 7.23%

13.24%

Objective/Description The investment seeks current income. The fund invests at least 80% of assets in U.S. government securities, including U.S. treasury bills, notes, bonds, strips and other debt securities issued by the U.S. treasury, and obligations, including mortgage-related securities, issued or guaranteed by U.S. government agencies or instrumentalities. It normally invests up to 20% of assets in money market instruments, including commercial paper of U.S. companies, short-term obligations of banks, certificates of deposit, and banker's acceptances. The fund may invest in foreign bankdebt. There is no assurance that the objectives of the Fund will be met. Shares of this fund are not issued or guaranteed by the U.S. Government. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise.The guarantee on U.S. Government securities applies only to the underlying securities of the Fund’s portfolio and not to the value of the fund’s shares.

Performance*\(%) As of 6/30/2009



InceptionFund 1.16 2.93 5.43 5.05 3.77 4.66 6.08 Index 1.92 7.90 5.59 4.02 4.34 5.34 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.19%. The Distributor has contractually agreed to this waiver through June 30, 2010. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on May 17, 2004; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Dryden Core Short Corp Bond ................................... 10.50% US Treasury Note ........................................................ 4.88% Usd Swap 3.99715 10/03/13 ...................................... 3.04% Usd Swap 3.93524 10/03/13 ...................................... 3.03% Usd Swap Fltr 10/03/2013 .......................................... 2.85%


Mtg Pass-thru ................................................................. 27.85% US Treasury ..................................................................... 21.33% Mortgage CMO ............................................................... 20.48%Cash (%of FI assets) .......................................................16.99%

US Agency ......................................................................... 5.58%

Quality Distribution As of 4/30/2009

AAA 100%


Fund Index Effective Duration 3.32 Yrs NAAverage Maturity NA NA Average Quality AAA NA Average Coupon 4.76% NA


0158684-00002-00

Second Quarter 2009 Fund Fact Sheet Dryden High-Yield R


LLCFUND CATEGORY: High Yield BondINDEX: Credit Suisse High

Yield®NET ASSETS: $2.3 MillionINCEPTION DATE: 6/3/2005TICKER SYMBOL: JDYRXGROSS EXPENSE RATIO: 1.38%PORTFOLIO MANAGERS: Michael J. Collins, CFA

Paul Appleby, CFAStephen Haeckel

Terrence Wheat, CFARobert Spano, CFA



The vertical axis represents the Fund's average credit quality as measured by Standard & Poor's rating service.

High >= AA Medium <AA and >=BBB Low <BBB

The horizontal axis represents the Fund's sensitivity to interest rates as measured by the average effective duration:

Short <=3.5 Yrs Medium > 3.5 Yrs and <=6 Yrs Long > 6 Yrs


-

5,000.00

10,000.00

15,000.00

05 06 07 08

Dryden High-Yield R $10,982


-22.59% 2.05% 10.48% 2.54% 9.37% 25.34% -2.23% -0.26% -7.35 %

-25.90% 2.66%

11.92% 2.26%

11.96% 27.93% 3.11% 5.78% -5.21%

Objective/Description The investment seeks to maximize current income. The fund normally invests at least 80% of assets in a diversified portfolio of high-yield fixed-income securities rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by Standard & Poor's Ratings Group (Standard & Poor's), and securities either rated by another major rating service or securities considered by us to be of comparable quality, that is, junk bonds. There is no assurance the objectives of the Fund will be met.

Shares of this fund are not issued or guaranteed by the U.S. Government.

Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise.

High yield "junk" bonds involve a greater risk of default of payment of principal and interest than higher-rated bonds. Also, these bonds tend to be less liquid than higher-rated securities. Therefore, an investment in the Fund may not be appropriate for short-term investing.

To see a full disclosure of all risks that pertain to this fund, please refer to the prospectus.




InceptionFund 15.51 22.74 -4.93 1.49 3.57 3.18 7.44 Index 20.24 27.21 -4.65 1.53 3.89 5.12 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.13%. The Distributor has contractually agreed to this waiver through December 31, 2009. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 3, 2005; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. The Portfolio's Distributor has contractually agreed to waive 0.25% annually of the Class R 12b-1 fee through August 31, 2007. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Affiliated Comp Svcs 4.7% ......................................... 1.57% Tx Elec Bk 4.03% ........................................................ 1.39% Ispat Inland Ulc 9.75% ................................................ 1.14% SUNGARD DATA SYS ................................................. 1.10% Biomet 11.625% ......................................................... 1.07%


US Corporate ................................................................... 80.59%Foreign Corp ......................................................................9.23%

Cash (%of FI assets) ......................................................... 8.28% Asset-Backed .................................................................... 1.89%

Quality Distribution As of 4/30/2009

BB 36.84%

B 32.35%

Below B 21.53%

BBB 8.69%

A 0.59%


Fund Index Effective Duration 3.25 Yrs NAAverage Maturity NA NA Average Quality B NA Average Coupon 8.19% NA


0158705-00003-00


Target Large Cap Growth Fund R Co-Investment Advisors: Marsico Capital, and Goldman Sachs Asset Management Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Large GrowthINDEX: Russell 1000 Growth®NET ASSETS: $55.7 MillionINCEPTION DATE: 1/5/1993TICKER SYMBOL: TLCRXSHARE CLASS: RGROSS EXPENSE RATIO: 1.49%PORTFOLIO MANAGERS: Robert C. Jones, CFA

Mark M. Carhart, CFAMelissa Brown, CFA

Andrew Alford


Data Not Available


Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization.


-

5,000.00

10,000.00

15,000.00

06 07 08

Target Large Capitalization Growth R $7,438


-40.21% 8.58% 7.78% 5.95% 3.00% 38.49% -32.21% -30.84% -4.09%

-38.44% 11.81% 9.07% 5.26% 6.30%

29.75% -27.88% -20.42% -22.42%

Objective/Description The investment seeks long-term capital appreciation. The fund normally invests at least 80% of investable assets in common stocks of large companies which have market capitalization like those in the Russell 1000 index. It invests in those securities that experience earnings growth at a rate faster than that of the S&P 500 index. The fund may invest in ADRs. There is no assurance that the objectives of the Fund will be met.


Cumulative Returns Average Annual Total Returns


InceptionFund 13.52 4.89 -29.06 -9.67 -4.30 -4.36 4.21 Index 16.32 11.53 -24.50 -5.45 -1.83 -4.18 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.24%. The Distributor has contractually agreed to this waiver through February 28, 2010. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


McDonald's Corporation ............................................. 5.56% Genentech, Inc. ........................................................... 3.47% Lockheed Martin Corporation ..................................... 3.30% Monsanto Company .................................................... 3.10% Apple, Inc. ................................................................... 2.95%


US Stocks 87.52%

Cash 7.7%

Non-US Stocks 4.56%

Preferred 0.22%


Consumer Services ......................................................... 20.96% Healthcare ....................................................................... 16.61% Industrial Materials ........................................................ 14.53% Business Services ........................................................... 10.87%Hardware ..........................................................................8.53%


Fund Index Weighted Geometric Market Cap. $31.69 $29.89 Price/Earnings Ratio (Forward) 11.06x 15.09x Price/Book Ratio 2.17x 2.94x Dividend Yield 0.71% NA 3-Year Earnings Growth Rate NA 18.32%


0158702-00002-00

Second Quarter 2009 Fund Fact Sheet Jennison Growth R

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Large GrowthINDEX: Russell 1000 Growth®NET ASSETS: $4.5 MillionINCEPTION DATE: 12/17/2004TICKER SYMBOL: PJGRXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.55%

PORTFOLIO MANAGERS: Spiros SegalasKathleen A. McCarragher

Michael A. Del Balso





-

5,000.00

10,000.00

15,000.00

04 05 06 07 08

Jennison Growth R $9,120


-37.93% 10.92% 1.61% 13.60% 8.32% 29.24% -31.50% -18.96% -18.34%

-38.44% 11.81% 9.07% 5.26% 6.30%

29.75% -27.88% -20.42% -22.42%

Objective/Description The investment seeks long-term growth of capital. The fund normally invests at least 65% of assets in equity related securities of medium to large capitalization companies that exceed $1 billion in market capitalization. It may invest in common stocks, nonconvertible securities, ADRs, REITs, warrants and rights that can be exercised to obtain stock. The fund may invest up to 20% of assets in foreign equity securities. It may also invest in mortgage-backed securities, money market instruments, options and make short sales of a security. There is no assurance that the objectives of the Fund will be met.




InceptionFund 15.19 14.75 -21.45 -4.94 -0.77 -3.38 3.84 Index 16.32 11.53 -24.50 -5.45 -1.83 -4.18 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.30%. The Distributor has contractually agreed to this waiver through January 31, 2010. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on December 17, 2004; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Google, Inc. ................................................................. 5.26% Qualcomm, Inc. ........................................................... 4.87% Gilead Sciences, Inc. ................................................... 4.09% Cisco Systems, Inc. ..................................................... 3.63% Amazon.com, Inc. ........................................................ 3.46%


US Stocks 83.83%

Non-US Stocks 15.38%

Cash 0.79%


Healthcare ....................................................................... 17.95% Hardware ........................................................................ 16.21% Consumer Services ......................................................... 14.65%Telecommunications .......................................................14.17%

Energy ............................................................................... 7.36%


Fund Index Weighted Geometric Market Cap. $43.84 $29.89 Price/Earnings Ratio (Forward) 16.79x 15.09x Price/Book Ratio 2.79x 2.94x Dividend Yield 0.02% NA 3-Year Earnings Growth Rate 23.63% 18.32%


0158703-00003-00

Second Quarter 2009 Fund Fact Sheet Dryden Stock Index A

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Large BlendINDEX: Russell 1000®NET ASSETS: $76.8 MillionINCEPTION DATE: 11/18/1999TICKER SYMBOL: PSIAXSHARE CLASS: AGROSS EXPENSE RATIO: 0.72%PORTFOLIO MANAGERS: John Moschberger, CFA

Wai Chiang





-

5,000.00

10,000.00

15,000.00

99 00 01 02 03 04 05 06 07 08

Dryden Stock Index A $7,521


-37.10% 5.00% 15.17% 4.28% 10.22% 27.93% -22.52% -12.39% -9.10%

-37.60% 5.77%

15.46% 6.27%

11.40% 29.89% -21.65% -12.45% -7.79%

Objective/Description The investment seeks to provide investment results that correspond to the price and yield performance of the Standard & Poor’s 500 Composite Stock Price index. The fund normally invests over 80% of assets in securities included in the S&P 50 index in approximately the same proportions as those of the index. There is no assurance the objectives of the Fund will be met.




InceptionFund 15.83 2.94 -26.36 -8.58 -2.68 -2.66 6.03 Index 16.50 4.32 -26.69 -8.20 -1.85 -1.75 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.25%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 0.51%. The Distributor has contractually agreed to this waiver through January 31, 2010. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gains distributions. The performance results shown do not reflect the deduction of the sales charge that may apply if the Fund shares were purchased outside of the plans or other programs. This waiver applies because the source of this money is from a retirement plan record kept by Prudential Retirement. If a sales charge were reflected, performance would be lower. This is the performance that best reflects your investment experience, as sales charges do not apply to your plan. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


ExxonMobil Corporation .............................................. 4.11% S&P 500 FUTURE JUN 09 ........................................... 2.86% Microsoft Corporation ................................................. 1.94% AT&T, Inc. ................................................................... 1.90% Procter & Gamble Company ........................................ 1.82%


US Stocks 97.19%

Cash 2.52%

Non-US Stocks 0.29%


Healthcare ....................................................................... 12.74% Energy ............................................................................. 12.38% Financial Services ........................................................... 12.01%Industrial Materials ........................................................10.96%

Consumer Goods ............................................................. 10.77%




0158689-00003-00

Second Quarter 2009 Fund Fact Sheet Jennison 20/20 Focus R

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Large GrowthINDEX: Russell 1000 Growth TR USD®NET ASSETS: $35.5 MillionINCEPTION DATE: 6/14/2004TICKER SYMBOL: JTWRXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.68%PORTFOLIO MANAGERS: Spiros Segalas

David A. Kiefer, CFA





-

5,000.00

10,000.00

15,000.00

20,000.00

04 05 06 07 08

Jennison 20/20 Focus R $12,150


-39.97% 9.71% 14.06% 21.33% 16.17% 28.15% -22.95% -2.59% -8.68%

-37.60% 5.77%

15.46% 6.27%

11.40% 29.89% -21.65% -12.45% -7.79%

Objective/Description The investment seeks long-term growth of capital. The fund normally invests at least 80% of the Fund's total assets in up to 40 equity and equity-related securities of companies that we believe have strong capital appreciation potential. It invests up to 35% of total assets in foreign securities. ADRs, ADSs or similar receipts and shares in U.S. markets does not belong to be foreign securities. The fund holds up to 40 stocks in total, consisting of up to 20 growth and 20 value stocks. It is nondiversified. There is no assurance that the objectives of the Fund will be met.




InceptionFund 21.33 21.98 -26.53 -3.48 3.97 2.50 6.37 Index 16.32 11.53 -24.50 -5.45 -1.83 -4.18 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.43%. The Distributor has contractually agreed to this waiver through May 31, 2010. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 14, 2004; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Goldman Sachs Group, Inc. ......................................... 4.73% NII Holdings, Inc. ......................................................... 3.26% Amazon.com, Inc. ........................................................ 3.17% Freeport-McMoRan Copper & Gold B ......................... 3.17% Qualcomm, Inc. ........................................................... 3.15%


US Stocks 76.56%


Cash 6.2%


Telecommunications ....................................................... 17.81% Energy ............................................................................. 15.28% Healthcare ....................................................................... 13.72%Consumer Services .........................................................13.23%

Industrial Materials ........................................................ 10.17%




0158706-00002-00


Target Large Cap Value Fund R Co-Investment Advisors: Hotchkis & Wiley Capital Management, JP Morgan Asset Management, and NFJ Investment Group Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Large ValueINDEX: Russell 1000 Value®NET ASSETS: $55.5 MillionINCEPTION DATE: 1/5/1993TICKER SYMBOL: TLVRXSHARE CLASS: RGROSS EXPENSE RATIO: 1.46%PORTFOLIO MANAGERS: Ben Fischer, CFA

Paul A. MagnusonSheldon J. Lieberman

Patricia McKenna, CFADavid E. Green, CFA


Data Not Available




-

5,000.00

10,000.00

15,000.00

06 07 08

Target Large Capitalization Value R $6,232


-40.66% -1.30% 18.61% 5.70% 17.98% 35.35% -14.22% 0.46% 7.41%

-36.85% -0.17% 22.25% 7.05%

16.49% 30.03% -15.52% -5.59% 7.01%

Objective/Description The investment seeks total return consisting of capital appreciation and dividend income. The fund normally invests at least 80% of total assets in common stocks and convertibles of large companies with market capitalizations like those in the Russell 1000 index. It may invest in ADRs. There is no assurance that the objectives of the Fund will be met.




InceptionFund 14.95 -3.27 -32.79 -13.79 -4.37 -0.92 5.10 Index 16.70 -2.87 -29.03 -11.11 -2.13 -0.15 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.21%. The Distributor has contractually agreed to this waiver through February 28, 2010. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


ConocoPhillips ............................................................. 2.76% AT&T, Inc. ................................................................... 2.55% J.P. Morgan Chase & Co. ............................................ 2.47% Pfizer Inc. ..................................................................... 2.40% Verizon Communications Inc. ...................................... 2.35%


US Stocks 94.45%

Non-US Stocks 2.83%

Cash 2.72%


Financial Services ........................................................... 15.73% Energy ............................................................................. 15.23% Healthcare ....................................................................... 13.54%Industrial Materials ........................................................12.56%

Consumer Services ........................................................... 9.16%




0158683-00001-00

Second Quarter 2009 Fund Fact Sheet Jennison Value R

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Large ValueINDEX: Russell 1000 Value®NET ASSETS: $5.1 MillionINCEPTION DATE: 6/3/2005TICKER SYMBOL: JDVRXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.48%PORTFOLIO MANAGERS: David A. Kiefer, CFA

Avi Z. Berg





-

5,000.00

10,000.00

15,000.00

20,000.00

05 06 07 08

Jennison Value R $8,865


-42.84% 2.20% 18.90% 15.21% 14.90% 26.81% -22.51% -3.60% 14.22%

-36.85% -0.17% 22.25% 7.05%

16.49% 30.03% -15.52% -5.59% 7.01%

Objective/Description The investment seeks capital appreciation. The fund normally invests at least 65% of assets in common stock and convertible securities of large capitalization companies. It may invest up to 25% of assets in REITs and up to 10% of assets in ETFs. The fund may also invest in foreign securities, money market instruments, options, foreign currency, forward contracts and may make short sales of a security. There is no assurance that the objectives of the Fund will be met.




InceptionFund 18.84 14.88 -28.81 -9.13 0.02 0.75 7.14 Index -6.11 -23.56 0.09 -18.85 7.12 5.55 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.23%. The Distributor has contractually agreed to this waiver through December 31, 2009.

Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 3, 2005; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Symantec Corporation ................................................. 4.07% Goldman Sachs Group, Inc. ......................................... 3.10% CA, Inc. ........................................................................ 2.90% CVS Caremark Corporation ......................................... 2.76% Kroger Company .......................................................... 2.59%


US Stocks 85.86%

Non-US Stocks 9.6%

Cash 2.67%

Preferred 1.34%

Other 0.53%


Energy ............................................................................. 17.38% Financial Services ........................................................... 12.91% Consumer Services ......................................................... 12.17%Telecommunications .......................................................10.61%

Consumer Goods ............................................................. 10.47%




0159774-00001-00


Jennison Mid Cap Growth R Formerly known as Jennison US Emerging Growth R Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Mid-Cap GrowthINDEX: Russell Midcap Growth®NET ASSETS: $20.1 MillionINCEPTION DATE: 6/3/2005TICKER SYMBOL: JDERXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.66%PORTFOLIO MANAGER: John Mullman, CFA





-

5,000.00

10,000.00

15,000.00

20,000.00

05 06 07 08

Jennison Mid Cap Growth R $10,725


-36.35% 15.85% 9.19% 16.74% 18.78% 42.47% -33.81% -20.65% -13.89%

-44.32% 11.43% 10.66% 12.10% 15.48% 42.71% -27.41% -20.15% -11.75%

Objective/Description The investment seeks to long-term capital appreciation. The fund normally invests at least 80% of assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth. There is no assurance the objectives of the Fund will be met.




InceptionFund 15.93 13.77 -24.12 -3.66 3.22 2.55 6.29 Index 20.67 16.61 -30.33 -7.93 -0.44 0.02 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.41%. The Distributor has contractually agreed to this waiver through December 31, 2009. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on June 3, 2005; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Southwestern Energy Company .................................. 3.61% Annaly Capital Management, Inc. ............................... 3.58% NII Holdings, Inc. ......................................................... 2.90% Crown Castle International Corporation ..................... 2.42% American Tower Corporation A .................................. 2.39%


US Stocks 91.45%

Cash 4.49%

Non-US Stocks 4.05%


Healthcare ....................................................................... 14.31% Energy ............................................................................. 12.22% Consumer Services ......................................................... 10.57%Industrial Materials ........................................................10.25%

Consumer Goods ............................................................. 10.11%




0158707-00003-00


Target Small Cap Growth Fund R Co-Investment Advisors: Eagle Asset Management and Ashfield Capital Partners

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Small GrowthINDEX: Russell 2000 Growth®NET ASSETS: $23.1 MillionINCEPTION DATE: 1/5/1993TICKER SYMBOL: TSCRXSHARE CLASS: RGROSS EXPENSE RATIO: 1.55%PORTFOLIO MANAGERS: Bert L. Boksen, CFA

Peter A. JohnsonJ. Stephen Thornborrow

Bradley J. FretzEric Mintz, CFA


Data Not Available




-

5,000.00

10,000.00

15,000.00

06 07 08

Target Small Capitalization Growth R $6,350

Annual Performance* Fund Index

2008 2007 2006 2005 2004 2003 2002 2001 2000

-46.34% 3.64% 6.91% 3.76% 14.17% 32.06% -33.74% -19.93% 1.07%

-38.54% 7.05%

13.35% 4.15%

14.31% 48.54% -30.26% -9.23% -22.43%

Objective/Description The investment seeks capital appreciation. The fund normally invests at least 80% of investable assets in common stocks of small companies which are those companies with market capitalizations comparable to those in the Russell 2000 Growth index. There is no assurance that the objectives of the Fund will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers.





InceptionFund 21.23 5.05 -29.82 -15.30 -6.65 -4.46 1.92 Index 23.38 11.36 -24.85 -7.83 -1.32 -0.89 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.30%. The Distributor has contractually agreed to this waiver through February 28, 2010. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Thoratec Laboratories Corporation ............................. 2.32% Bally Technologies, Inc. .............................................. 1.90% EMS Technologies, Inc. ............................................... 1.89% ICON PLC ADR ............................................................. 1.71% WMS Industries, Inc. .................................................. 1.59%


US Stocks 92.74%

Non-US Stocks 5.63%

Cash 1.63%


Healthcare ....................................................................... 22.96% Business Services ........................................................... 14.09% Software ......................................................................... 13.00%Consumer Services ...........................................................9.98%

Industrial Materials .......................................................... 9.95%




0158688-00002-00

Second Quarter 2009 Fund Fact Sheet Jennison Small Company R

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Small GrowthINDEX: Russell 2000 Growth®NET ASSETS: $15.9 MillionINCEPTION DATE: 5/10/2004TICKER SYMBOL: JSCRXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.65%PORTFOLIO MANAGER: John Mullman, CFA





-

5,000.00

10,000.00

15,000.00

20,000.00

04 05 06 07 08 09

Jennison Small Company R $11,078


-38.16% 9.32% 14.77% 14.30% 19.04% 44.59% -25.72% 15.55% 8.87%

-38.54% 7.05%

13.35% 4.15%

14.31% 48.54% -30.26% -9.23% -22.43%

Objective/Description The investment seeks capital growth. The fund normally invests at least 80% of assets in equity securities of small, less well-known undervalued U.S. companies. It may invest up to 20% of assets in equity-related securities including nonconvertible preferred stocks and convertible securities. The fund may also invest in foreign securities, REITs, high-quality money market instruments, options, foreign currency forward contracts and may make short sales of a security. There is no assurance that the objectives of the Fund will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers.





InceptionFund 18.01 10.09 -26.71 -7.48 1.39 3.50 8.83 Index 23.38 11.36 -24.85 -7.83 -1.32 -0.89 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.40%. The Distributor has contractually agreed to this waiver through January 31, 2010.

Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com

Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on May 10, 2004; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


SBA Communications Corporation .............................. 3.00% United Natural Foods, Inc. .......................................... 2.51% Regal Entertainment Group, Inc. ................................. 2.39% CommScope, Inc. ........................................................ 2.24% John Wiley & Sons, Inc. A .......................................... 1.79%


US Stocks 92.33%

Cash 4.45%

Non-US Stocks 3.22%


Telecommunications ....................................................... 15.19% Healthcare ....................................................................... 12.44% Consumer Services ......................................................... 11.23%Financial Services .............................................................9.98%

Industrial Materials .......................................................... 9.85%




0158709-00002-00


Target Small Cap Value Fund R Co-Investment Advisors: EARNEST Partners, LLC; NFJ Investment Group; JP Morgan Asset Management; Lee Munder Capital Group; and Vaughan Nelson Investment Management

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Small BlendINDEX: Russell 2000®NET ASSETS: $27.2 MillionINCEPTION DATE: 1/5/1993TICKER SYMBOL: TSVRXSHARE CLASS: RGROSS EXPENSE RATIO: 1.55%PORTFOLIO MANAGERS: Ben Fischer, CFA

Paul A. MagnusonR. Todd Vingers

Paul E. VieraChristopher T. Blum, CFA


Data Not Available




-

5,000.00

10,000.00

15,000.00

06 07 08

Target Small Capitalization Value R $7,925

Annual Performance* Fund Index

2008 2007 2006 2005 2004 2003 2002 2001 2000

-27.82% -0.04% 17.04% 9.28% 23.09% 46.00% -9.17% 16.36% 22.99%

-33.79% -1.57% 18.37% 4.55%

18.33% 47.25% -20.48% 2.49% -3.02%

Objective/Description The investment seeks above-average capital appreciation. The fund normally invests at least 80% of investable assets in common stocks of small companies which are those companies with market capitalizations comparable to those in the Russell 2000 Value index. It may invest in stocks undervalued with an above average potential to increase in price. There is no assurance that the objectives of the Fund will be met. Smaller companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by smaller companies may fluctuate more than stocks of larger issuers.





InceptionFund 18.16 1.20 -23.08 -7.44 1.22 7.56 9.36 Index 20.69 2.64 -25.01 -9.89 -1.71 2.38 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.30%. The Distributor has contractually agreed to this waiver through February 28, 2010. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Mednax Inc ................................................................. 1.08% WGL Holdings, Inc. ..................................................... 1.05% Phillips-Van Heusen Corporation ................................ 0.91% Westar Energy, Inc. ..................................................... 0.84% FLIR Systems, Inc. ....................................................... 0.81%


US Stocks 92.54%

Cash 5.87%

Non-US Stocks 1.59%


Industrial Materials ........................................................ 21.57% Financial Services ........................................................... 21.26% Consumer Goods ............................................................. 11.15%Utilities .............................................................................9.24%

Business Services ............................................................. 8.29%




0158704-00003-00


Target International Equity Fund R Co-Investment Advisors: LSV Asset Management, and Thornburg Investment Management


LLCFUND CATEGORY: Foreign Large BlendINDEX: MSCI WORLD ex US

NDTR_D®NET ASSETS: $44.1 MillionINCEPTION DATE: 1/5/1993TICKER SYMBOL: TEQRXSHARE CLASS: OtherGROSS EXPENSE RATIO: 1.58%PORTFOLIO MANAGERS: William V. Fries, CFA

Josef LakonishokMenno Vermeulen, CFA

Wendy TrevisaniPuneet Mansharamani


Data Not Available


-

5,000.00

10,000.00

15,000.00

06 07 08

Target International Equity R $7,765


-45.21% 15.81% 28.19% 13.27% 14.37% 27.80% -10.84% -25.12% -10.09%

-43.56% 12.44% 25.71% 14.47% 20.39% 39.42% -15.80% -21.40% -13.35%

Objective/Description The investment seeks capital appreciation. The fund normally invests at least 80% of investable assets in stocks of companies in diverse array of foreign countries. It may invest in companies of any size. The fund may invest in securities based in developed and developing countries. It may invest in ADRs. There is no assurance that the objectives of the Fund will be met. Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater share price volatility.




Inception Fund 26.10 10.02 -29.43 -6.93 2.93 0.41 5.34 Index 25.86 9.32 -31.62 -7.46 2.87 1.62 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.33%. The Distributor has contractually agreed to this waiver through February 28, 2010. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class T share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class T shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Teva Pharmaceutical Industries, Ltd. ADR .................. 2.66% Novo Nordisk A/S ....................................................... 2.60% Roche Holding AG ....................................................... 2.08% Nestle ......................................................................... 2.04% Rogers Communications, Inc. B .................................. 1.81%

Top Five Countries As of 1/31/2009

United Kingdom .............................................................. 18.43% Japan .............................................................................. 14.53% Switzerland ..................................................................... 11.62%France .............................................................................10.94%

Germany ............................................................................ 6.77%



Cash 4.28%

US Stocks 1.39%




0158686-00002-00

Second Quarter 2009 Fund Fact Sheet Jennison Natural Resources Fund R

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Specialty-Natural ResINDEX: Goldman Sachs Natural

Resources®NET ASSETS: $20.2 MillionINCEPTION DATE: 1/22/1990TICKER SYMBOL: JNRRXSHARE CLASS: RGROSS EXPENSE RATIO: 1.62%PORTFOLIO MANAGERS: David A. Kiefer, CFA

Neil P Brown, CFAJohn Jay Saunders


Data Not Available

Morningstar\\Style BoxTM As of 6/30/2009



-

5,000.00

10,000.00

15,000.00

20,000.00

06 07 08

Jennison Natural Resources R $9,431


-52.95% 45.83% 20.82% 52.98% 26.13% 36.03% 19.15% -11.04% 28.08%

-43.37% 32.68% 15.12% 34.45% 22.62% 31.49% -14.33% -15.67% 15.81%

Objective/Description The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in equity securities of natural resource companies and in asset-based securities. It invests 25% of the assets in securities of companies in the natural resources group of industries. The Fund may not purchase any security (other than the obligations of the U.S. government, its agencies or instrumentalities) if, as a result of such purchase, 25% or more of the Funds total assets would be invested in any one industry. There is no assurance that the objectives of the Fund will be met. Sector funds are subject to risks within their specific sectors because they concentrate their investments in securities of companies within certain industries. Therefore, the price of these securities can be volatile.





InceptionFund 22.93 30.89 -48.46 -2.36 14.21 15.46 11.41 Index 17.73 8.92 -45.93 -5.91 7.68 5.59 ---

* Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.35%. The Distributor has contractually agreed to this waiver through September 30, 2009.

Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted.

Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


Southwestern Energy Company .................................. 3.02% Weatherford International, Inc. .................................. 2.38% Occidental Petroleum Corporation .............................. 2.27% Halliburton Company ................................................... 1.87% BG Group PLC .............................................................. 1.83%



US Stocks 46.64%

Cash 4.7%

Other 0.9%


Energy ............................................................................. 59.86% Industrial Materials ........................................................ 36.43% Utilities ............................................................................. 1.83%Hardware ..........................................................................0.72%

Consumer Goods ............................................................... 0.55%




0158682-00003-00

Second Quarter 2009 Fund Fact Sheet Jennison Utility Fund R

Key Facts INVESTMENT ADVISOR: Prudential Investments LLCFUND CATEGORY: Specialty-UtilitiesINDEX: Dow Jones Utilities

Average TR®NET ASSETS: $2.9 MillionINCEPTION DATE: 1/22/1990TICKER SYMBOL: JDURXSHARE CLASS: RGROSS EXPENSE 1.03%PORTFOLIO MANAGERS: Shaun Hong, CFA

Ubong Edemeka


Data Not Available




-

5,000.00

10,000.00

15,000.00

06 07 08

Jennison Utility R $7,272


-47.33% 20.62% 26.39% 29.38% 30.19% 30.20% -26.64% -19.72% 38.91%

-27.84% 20.11% 16.62% 25.13% 30.24% 29.38% -23.39% -26.27% 50.75%

Objective/Description The investment seeks total return through a combination of capital appreciation and current income. The fund normally invests at least 80% of investable assets in equity and equity-related and investment-grade debt securities of utility companies. There is no assurance that the objectives of the Fund will be met. Sector funds are subject to risks within their specific sectors because they concentrate their investments in securities of companies within certain industries. Therefore, the price of these securities can be volatile.





Inception Fund 14.42 5.32 -43.29 -8.52 5.63 4.05 12.06 Index 9.97 -1.14 -28.22 -1.77 8.65 4.89 --- * Fees that Prudential Retirement and its affiliates receive in connection with investments in this fund include a 12b-1 fee of 0.50%, after waiver, and an annual sub-accounting and/or servicing fee of 0.13%. The expense ratio after the waiver is 1.03%. The Distributor has contractually agreed to this waiver through March 31, 2010. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Performance Disclosure: Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class R shares were introduced on August 21, 2006; results prior to that date are hypothetical, based on Class A share returns at net asset value adjusted for additional distribution and service (12b-1) fees of 0.75% annually. Hypothetical Class R share returns would be greater with the waiver. In creating hypothetical Class R share returns, no adjustments are made for any differences in other expenses of Class R and Class A shares that may or may not impact hypothetical Class R share returns. Please see the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The performance quoted represents past performance. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, please call 1-877-778-2100 or visit our website at www.prudential.com Prospectus Disclosure: Investors should carefully consider a fund's investment objectives, risks, charges and expenses before investing. For more complete information about the investment options available through your account, please call 1-877-778-2100 for a free prospectus that contains this and other information about our funds. Please read the prospectus carefully before investing. It is possible to lose money investing in securities. Benchmark Disclosure: Benchmark related performance including the index is unmanaged and it cannot be invested directly. See User Guide for Benchmark definitions. Shares of each fund are offered by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077. PIMS is a Prudential Financial company. Investment Advisory services provided by Global Portfolio Strategies, Inc., a registered investment advisor and Prudential Financial Company. Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. Prudential Retirement is a Prudential Financial business.


NRG Energy, Inc. ......................................................... 3.40% Sempra Energy ............................................................ 3.39% PPL Corporation ........................................................... 3.16% Chunghwa Telecom Company, Ltd. ADR ..................... 2.72% Entergy Corporation .................................................... 2.67%


US Stocks 75.06%


Cash 5.02%

Convertible 1.61%

Other 1.45%


Utilities ........................................................................... 59.29% Telecommunications ....................................................... 19.98% Energy ............................................................................... 8.94%Business Services .............................................................3.59%

Media ................................................................................ 2.16%




FUND FACT SHEET USER’S GUIDEThis guide will help you use the Fund Fact Sheet to your advantage. Please note: You may notice that some of the Fund Fact Sheets included are in a different format than the User’s Guide. Currently, these Fact Sheets are not described by this tool.

The Fund Fact Sheet User’s Guide

Category Morningstar assigns each mutual fund to oneof 60 categories, based on the stocks and bonds that havefound their way into the portfolio over the past three years.Categories for manager of manager separate accounts aredetermined by Prudential.

Expense Ratio Investment returns are reduced by variousfees and expenses. Depending on the type of investment, thesecharges are paid to Prudential or to unaffiliated mutual fund com-plexes or bank collective trusts. For mutual funds the Expense Ratiois not reduced by any fee or expense waivers from the fund com-plex (i.e., Gross Expense Ratio), and therefore the actual ExpenseRatio may be lower. For other investment options, including sepa-rate accounts and bank collective trusts, the benefit of any waiversis reflected in the Expense Ratio (i.e., Net Expense Ratio).

Overall Morningstar RatingTM Portfolio’s overall rating.

Operations Find out the name of the person who deter-mines which stocks or bonds belong in the investment portfolio(the “portfolio manager”).

Investor Risk Profile For mutual funds, the investor riskprofile displays the fund’s Morningstar Risk, a downside riskmeasure that evaluates the portfolio relative to other portfolioswithin its Morningstar Category. For separate accounts, the fund’sinvestor risk profile is classified according to its overall volatility.Volatility measures the ranges of returns a portfolio has experi-enced over time. Wide ranges of returns are labeled “high,” andare considered riskier than “low” volatility investments, whichhave had smaller ranges in returns. Please refer to the “For MoreInformation” section of the User Guide for further information onMorningstar risk and volatility analysis.

Morningstar Style Box/Investment Style BoxWhile the category description tells you how the portfolio hasbeen run in the past, the Style Box is a snapshot of what the portfolio currently owns. Data for equity separate accounts isbased on a quarter lag and assigned by Prudential.

Annual Performance Calendar year returns for the Fund and corresponding benchmarks.

Top Five Holdings The top holdings are the stocks or bonds with the most influence on a portfolio’s returns.

Portfolio Allocation We break down the investment portfolio’s holdings into general investment classes. The pie chart shows how muchemphasis is placed on stocks, bonds or cash. We also show how much is held in foreign stocks. Bond investments replace the portfolio allocationchart with the following: Credit Analysis: We reveal the quality of the bonds in a bond-heavy portfolio, from least risky to most risky, with the per-centage assigned to each.

Sector Allocation Morningstar classifies each stock holding into 10 major industrial sectors. The top five are listed on the Fund Fact Sheet.

Performance History The investment’s total return is shown for the quarter, year-to-date and preceding year, as well as the average annualtotal return for the past three, five, and 10 years, or since inception. To provide you with a point of comparison, the return of the benchmark index-es are shown for the quarter, year-to-date, one, three, five and 10 year periods. We also present the category’s performance.

Manager of Managers Separate Accounts Prudential Retirement is a Prudential Financial business. Prudential Retirement’s groupvariable annuity contracts are issued by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, a Prudential Financialcompany. Prudential Financial is a registered service mark of The Prudential Insurance Company of America, Newark, NJ and its affiliates.

The XYZ FundKey Facts – Fund


Fund Fact Sheet

OBJECTIVE / DESCRIPTION

The XYZ Fund seeks capital appreciation. The Fund primarily invests in common stocks drawn from a universeof the largest 1,500 companies (ranked by market capitalization) traded in the United States. Smaller-capitaliza-tion stocks will be ranked from a different universe. Smaller-capitalization stocks will be ranked from a differentuniverse. Smaller-capitalization stocks will be ranked from a different universe. There is no assurance the objec-tive of the Fund will be met.

Investment Style As of X/XX/XXX

XYZ-DC/123456-XXX

Annual PerformanceMandate

Fund Benchmark2006 4.28% 5.36%2005 -0.94% -0.82%2004 4.69% 4.10%2003 10.49% 10.25%2002 8.78% 8.44%

INST-A01060

International Equity 99.74%

US Equity 0.01%

Cash 0.24%

Other Assets 0.01%

Fund Portfolio Allocation As of X/XX/XXXX

Performance (%) As of X/XX/XXXX

MandateFund Benchmark

Effective Duration 4.43 Yrs 4.77 YrsAverage Maturity 6.67 Yrs 7.47 YrsAverage Quality AAA AAAAverage Coupon 2.46% 5.32%

Fund Top Five Holdings As of X/XX/XXXX

Top Five Holdings and Sector Allocation are unaudited and ranked as a percentage of assets.

U.S. Treasury Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44.40%FIN FUT US 10yr . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37.20%TBC Pooled Emp Tr Fund . . . . . . . . . . . . . . . . . . . . . . . . .14.40%U.S. Treasury Note . . . . . . . . . . . . . . . . . . . . . . . . . . . .11.60%FNMA TBA 4.00% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6.50%

Fund Top Five Sectors As of X/XX/XXXX Fund Portfolio Characteristics As of X/XX/XXXX

Fund Fees Reflected in Performance. All performance results are net of the highest management fee for this Fund (X.XX%). Fundperformance is also net of other Fund operating expenses (X.XX%) for the prior calendar year. Such Fund operating expenses mayreflect the benefit of a commission recapture program. Fee waivers of X.XX% are in place for this Fund. Actual performance shownreflects the imposition of the foregoing expenses and the benefit of any fee waivers and commission recaptures.

The Separate Account. Your retirement plan purchases units of a Separate Account established (X/XXXX) by Prudential Retirement Insurance and AnnuityCompany ("PRIAC"), Hartford CT. The Separate Account holds the investment securities, and associated voting rights belong to the Separate Account. As definedby ERISA, PRIAC is the "investment manager" of the Separate Account.

Possibility of Contract Charges. Your retirement plan may have agreed to contract charges. If so, these would reduce the performance (and possiblythe Morningstar ratings) shown above. Any contract charges are included in the expense ratio shown in your statement and in the performance shown in yourstatement. The Fund fees and contract charges compensate us for the distribution and servicing associated with your plan. Other plan investment options maygenerate more or less revenue for us than the fees associated with this Fund. If the aggregate revenue from your plan exceeds our associated costs, we earna profit. Otherwise, we incur a loss. Other plans investing in the Fund may have lower fees, but these are not available to your plan in order to compensateus for distribution and plan servicing.

Performance Risks. Before investing, investors should carefully consider the investment objectives, risks, charges and expens-es of this Fund and other plan investment options. The performance quoted represents past performance. The investment valueand return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost.

Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. For performance data cur-rent to the most recent month end, please call 1-800-458-6333.

Miscellaneous. Frequent exchanging of investment options may harm long-term investors. Your plan and/or the Fund may have policies to detect and deter poten-tially abusive exchanges. The policies may require us to modify or terminate investment exchange privileges and impose redemption fees.

Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for benchmark definitions.

For more information, go to www.Prudential.com.

Prudential Retirement, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Industrials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17.54%Consumer Staples . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16.19%Information Technology . . . . . . . . . . . . . . . . . . . . . . . . . .15.10%Health Care . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14.96%Financials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12.93%

Overall Morningstar Rating as of quarter ending X/XX/XXXX. The Morningstar Rating shown is for the share class of this Mutual Fund only;other classes may have different performance characteristics. ©2007Morningstar, Inc. All Rights Reserved. Additional Morningstar information isavailable in the User Guide.

B

A

E

G

K

J

H I

Value Blend Growth

Large

Mid

Small

The Fund is classified based on its long-term perfor-mance relative to the benchmark index that mostclosely resembles its total return stream. This classi-fication process incorporates regression analysis todetermine the index to which the Fund’s returnshave a high “fit”(R2). ◆ The vertical axis represents the Fund’s market

capitalization relative to appropriate style bench-mark indexes.

◆ The horizontal axis represents the Fund’s invest-ment style expressed on a value-to-growth scale,relative to appropriate style benchmark indexes.

Fund holdings may also be used to classify a fund’s style. Please refer to the user guide for moreinformation.

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INVESTMENT ADVISER: ABC Company FUND CATEGORY: Fixed Income - DomesticNET ASSETS: $XXX MillionINCEPTION DATE: XXXXXXTICKER SYMBOL: ABCDEEXPENSE RATIO: 1.07% of Fund AssetsOVERALL MORNINGSTAR RATING™: ★★

OVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 650

PORTFOLIO MANAGERS: Jane Doe John Doe



Fund 3.54 2.61 12.02 16.51 -1.66 9.29 11.79Mandate Benchmark 3.60 2.77 12.25 16.72 -1.49 9.49 N/A

Morningstar RatingTM – – ★★★1 ★★2 ★★★3 ★★★4 –# of Funds in Category – – 822 1227 931 321 –

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Fund Mandate Benchmark

Result of $10,000 Investment

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The Fund Fact Sheet User’s Guide

For More InformationPara hablar con un representante de servicios al cliente en español(u otros lenguajes), por favor, llama a nuestro numero gratuito 800entre las 8:00 a.m. y las 8:00 p.m., Hora del Este, días de trabajo.(To speak with a Prudential Service Representative through an interpreter in Spanish(or other languages), please call our toll-free number week-days between 8:00 a.m.and 8:00 p.m. Eastern Time.)

PerformancePortfolio return reflects performance without adjusting for sales charges or the effects oftaxation, but is adjusted to reflect all actual ongoing portfolio expenses and assumes rein-vestment of dividends and capital gains. If adjusted, sales charges would reduce the per-formance quoted. In addition, due to market volatility, the portfolio’s return may varygreatly over short periods of time.

The portfolio’s performance is compared with that of an index. The index is an unman-aged portfolio of specified securities and does not reflect any initial or ongoing expensesnor can it be invested in directly. The sales charge utilized in the standard return calculationwas obtained from the portfolio’s most recent prospectus and/or shareholder report avail-able to Morningstar. A portfolio may differ significantly from the securities in the index.

Morningstar RatingTM

For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM

based on how a fund ranks on a Risk-Adjusted Return measure against other funds in thesame category. This measure takes into account variations in a fund’s performance afteradjusting for sales loads (except for -waived A shares) redemption fees, and the risk-freerate, placing more emphasis on downward variations and rewarding consistent performance.The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, thenext 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1star. The Morningstar Rating for a fund is derived from a weighted average of the ratings forthe three-, five- and ten-year (if applicable) time periods. Load-waived A share star ratingsdo not include any front-end sales load and are intended for those investors who have accessto such purchase terms (e.g., plan participants of a defined contribution plan). Not all Ashare mutual funds for which Morningstar calculates a load-waived A share star rating mayactually waive their front-end sales load. Therefore, Morningstar strongly advises investors tocontact their investment professional to determine whether they are eligible to purchase theA share without the front load. Past performance is no guarantee of future results. TheMorningstar Rating may differ among share classes of a mutual fund as a result of differentsales loads and/or expense structure.

Morningstar Style Box®

The style box reveals a portfolio’s investment strategy. For equity portfolios and fixed-income portfolios respectively, the vertical axis shows the market capitalization of thestocks owned or the average credit quality of the bonds owned. The horizontal axisshows investment style (value, blend, or growth) or interest rate sensitivity as meas-ured by a bond’s duration (short, medium or long). Duration is a measure of interest-rate sensitivity-the longer a portfolio’s duration, the more sensitive the portfoliois to shifts in interest rates.

©2008 Morningstar, Inc. All Rights Reserved. The info contained herein: 1) is propri-etary to Morningstar and/or its content providers; 2) may not be copied or distrib-uted; and 3) is not warranted to be accurate, complete or timely. Neither Morningstarnor its content providers are responsible for any damages or losses arising from anyuse of this information. Past performance is no guarantee of future results.

Volatility AnalysisWe classify investment portfolios as having one of five volatility levels relative to all typesof mutual funds: Low, Below Average, Average, Above Average and High. Investmentswith wider ranges of returns are labeled “high,” as they are considered riskier than “low”volatility investments, which have had smaller ranges of returns. For portfolios thathaven’t been in existence for three years we simply show the category average.

Investment RiskForeign Securities Portfolios/Emerging Market Portfolios: The investor should note thatportfolios that invest in foreign securities involve special additional risks. These risksinclude, but are not limited to, currency risk, political risk, and risk associated with varyingaccounting standards. Investing in emerging markets may accentuate these risks.

Sector Portfolios: The investor should note that portfolios that invest exclusively in onesector or industry involve additional risks. The lack of industry diversification subjects the

investor to increased industry-specific risks.

Non-Diversified Portfolios: The investor should note that portfolios that invest more of theirassets in a single issuer involve additional risks, including share price fluctuations, becauseof the increased concentration of investments

Small Cap Portfolios: The investor should note that portfolios that invest in stocks of smallcompanies involve additional risks. Smaller companies typically have a higher risk of failure,and are not as well established as larger blue-chip companies. Historically, smaller-companystocks have experienced a greater degree of market volatility than the overall market averageand may be less liquid than larger companies.

You get tax deferral of your investment earnings through the qualified retirement plan in which you participate. Because you already enjoy this tax deferral, your decision toinvest in this variable annuity should be based on the annuity’s investment and insurancefeatures, such as the ability to annuitize and the death benefit.

Variable AnnuitiesDiscovery SelectSM/Discovery PremierSM: Investment return and principal value of thePortfolios will fluctuate resulting in a value which may at any time, including the timeof withdrawal of the cash value, be more or less than the total principal investmentmade. The performance information represents past performance and is no guaranteeof future results. The rates of return reflect the reinvestment of all dividends and capital gains, and the deduction of investment management fees, expenses and product-related insurance charges.

Discovery Select/Discovery Premier: Investors should carefully considera fund’s investment objectives, risks, charges and expenses beforeinvesting. For more complete information about the investment optionsavailable through your plan, please call 1-800-458-6333 for a freeprospectus that contains this and other information about our funds.For variable insurance products, please consider carefully both the contract prospectus and underlying-fund prospectus before investing.Medley: Investors should carefully consider a fund’s investmentobjectives, risks, charges and expenses before investing. For morecomplete information about the investment options available throughyour plan, please call 1-800-458-6333 for a free prospectus thatcontains this and other information about our funds. For variableinsurance products, please consider carefully both the contractprospectus and underlying-fund prospectus before investing.The Discovery Select and Discovery Premier Group Retirement Annuity and MEDLEYProgram are group annuity insurance products issued by The Prudential InsuranceCompany of America, Newark, NJ and are distributed by Prudential InvestmentManagement Services LLC (PIMS), Three Gateway Center, Newark, NJ 07102-4077.PIMS and The Prudential Insurance Company of America are Prudential Financial companies. Prudential Financial is a service mark of the Prudential Insurance Company of America, Newark, NJ, and affiliates.

Any taxable amount received under the Contract may be subjected to a 10 percent taxpenalty. Amounts are not subjected to this penalty if: the amount is paid on or after age59 1/2 or the death of the Participant; the amount received is attributed to the Participantbecoming disabled; the amount paid or received is in the form of level payments not lessfrequently than annually for life (or a period not exceeding life expectancy); or theamount received is paid under an immediate annuity contract (in which annuity paymentsbegin within one year of purchase).

If the lifetime payment stream is modified (other than as a result of death or disabili-ty) before age 59 1/2 (or before the end of the five year period beginning with thefirst payment and ending after age 59 1/2), the tax for the year of modification willbe increased by the penalty tax that would have been imposed without the exception,plus interest for the deferral.

Guarantees are based upon the claims-paying ability of the issuing company and noton the value of the securities within the account.

At times, certain funds’ performance may be extraordinarily high due to investing insectors that achieved unprecedented returns. There can be no assurance that this performance can be repeated in the future.

10-Year U.S. Treasury Note: The average daily treasury yield for U.S.Treasuries with a maturity of ten years (negotiable debt obligations of the U.S.Government, considered intermediate in maturity).3 Month T-Bill Index: Three-month T-bills are government-backed short-terminvestments considered to be risk-free and as good as cash because the maturityis only three months. 3-Year Treasury Average Yield: The average daily treasury yield for U.S.Treasuries with a maturity of three years (negotiable debt obligations of the U.S. Government, considered intermediate in maturity).5-Year U.S. Treasury Note: The average daily treasury yield for U.S.Treasuries with a maturity of five years (negotiable debt obligations of the U.S.Government, considered intermediate in maturity).6-Month CD: This benchmark is applied the same way as the T-bill. BecauseCDs are sponsored by banks, they are not as easily traded as T-bills and thustend to offer higher yields. 60% Russell 1000 Growth Index/40% Lehman BrothersAggregate Bond Index: A composite index that consists of the Russell 1000®

Growth Index (60%) and the Lehman Brothers Aggregate Bond Index (40%). 60% Russell 1000 Growth Index/40% Lehman BrothersIntermediate U.S. Government/Credit Index: A composite index thatconsists of the Russell 1000 Growth Index (60%) and the Lehman BrothersIntermediate U.S. Government/Credit Index (40%).60% Russell 1000 Index/40% Lehman Brothers AggregateBond Index: A composite index that consists of the Russell 1000® Index(60%) and the Lehman Brothers Aggregate Bond Index (40%).60% Russell 1000 Value Index/40% Lehman BrothersAggregate Bond Index: A composite index that consists of the Russell 1000Value Index (60%) and the Lehman Brothers Aggregate Bond Index (40%).60% Russell 1000 Value Index/40% Lehman BrothersIntermediate U.S. Government/Credit Index: A composite index thatconsists of the Russell 1000 Value Index (60%) and the Lehman BrothersIntermediate U.S. Government/Credit Index (40%).60% Russell 1000 Value Index/40% Lehman BrothersGovernment/Credit Index: A composite index that consists of theRussell 1000 Value Index (60%) and the Lehman Brothers GovernmentCredit Index (40%).60% S&P 500 Index/40% Lehman Brothers Aggregate BondIndex: A composite Index that consists of the S&P 500 Index (60%) and theLehman Brothers Aggregate Bond Index (40%).

Balanced Composite Index: Consists of the Wilshire 5000 Total MarketIndex (60%) and the Lehman Brothers Aggregate Bond Index (40%).Citigroup World Non-U.S. Government Bond Index: A market capi-talization-weighted index, unhedged and stated in U.S. dollar terms. The Indextracks the performance of the 17 government bond markets of Australia,Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy,Japan, Netherlands, Portugal, Spain, Sweden, Switzerland, and the UnitedKingdom. The minimum maturity for included bonds is one year.Composite Index: Consists of the S&P 500 Index (65%) and the LehmanBrothers Credit A Index (35%).Credit Suisse High Yield Index: An unmanaged, trader priced index con-structed to mirror the characteristics of the high yield bond market. The indexincludes issues rated BB and below by S&P or Moody’s with par amountsgreater than $75 million. Preferred issues, US dollar denominated foreign issuesand 144A securities meeting the above condition are also included.Dow Jones U.S. Moderate Portfolio Index: Is designed for asset allo-cation strategists (portfolio builders) who are willing to take 60% of the risk ofthe U.S. securities market. It is a total returns index that is a time-varyingweighted average of stocks, bonds, and cash.Dow Jones U.S. Moderately Conservative Index: Is designed forasset allocation strategists (portfolio builders) who are willing to take 40% of therisk of the U.S. securities market. It is a total returns index that is a time-varyingweighted average of stocks, bonds, and cash.Dow Jones U.S. Target Date Indexes: Reflects total portfolios of stocks,bonds and cash that automatically adjust over time to reduce potential risk as aninvestor’s target maturity date approaches. Each index is a composite of sub-indexes that represent the three major asset classes – stocks, bonds and cash.Within each index, the weightings among stocks, bonds and cash are rebalancedmonthly to reduce potential risk over time. Equity exposure in each target indexchanges from approximately 90% at index creation to approximately 20% asmaturity approaches. After maturity, each index becomes a "Today Index" with asteady allocation to equity of approximately 20%.FTSE NAREIT U.S. Real Estate Index: An unmanaged market capitaliza-tion index of all tax-qualified Equity REITS listed on the NYSE, AMEX, and theNASDAQ that have 75% or more of their gross invested book of assets investeddirectly or indirectly in the equity ownership of real estate.iMoneyNet Taxable Money Funds Index: Reports on the average yieldsof all major money market funds, on a 7- and 30-day basis.

J.P. Morgan Emerging Markets Bond Index Plus: Tracks totalreturns for external currency-denominated debt instruments of the emergingmarkets: Brady bonds, loans, Eurobonds. Countries covered are Argentina,Brazil, Bulgaria, Colombia, Ecuador, Egypt, Malaysia, Mexico, Morocco,Nigeria, Panama, Peru, the Philippines, Poland, Russia, South Africa, Turkey,Ukraine, and Venezuela.Lehman Brothers 5-10 Year Government/Credit Index:Represents a combination of the Government and Corporate Bond indices forbonds with maturities between five and 10 years.Lehman Brothers Aggregate Bond Index: Represents securities that areU.S. domestic, taxable, and dollar denominated. The index covers the U.S.investment grade fixed rate bond market, with index components for govern-ment and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indicesthat are calculated and reported on a regular basis.Lehman Brothers High Yield Bond Index: Covers the universe offixed rate, non-investment grade debt. Pay-in-kind (PIK) bonds, Eurobonds,and debt issues from countries designated as emerging markets (e.g.,Argentina, Brazil, Venezuela, etc.) are excluded, but Canadian and globalbonds (SEC registered) of issuers in non-EMG countries are included. Originalissue zeroes, step-up coupon structures, and 144-As are also included.Lehman Brothers High Yield Bond Index, 2% Issuer Capped: TheLehman Brothers High Yield Bond Index, 2% Issuer Capped is an issuer-constrainedversion of the Lehman Brothers High Yield Index that covers the USD denominat-ed, non-investment grade, fixed-rate, taxable corporate bond market. The 2%Issuer Capped Index follows the same index construction rules as the uncappedindex but limits issuer exposures to a maximum 2% and redistributes the excessmarket value index-wide on a prorata basis.Lehman Brothers Intermediate U.S. Government/Credit Index:Is the Intermediate component of the US Government/Credit index. This indexconsists of securities in the intermediate maturity range of the Government/CreditIndex. Securities must have a maturity from 1 up to (but not including) 10 years.Lehman Brothers U.S. Credit Index: Is the U.S. Credit component of theUS Government/Credit Index. It consists of publicly issued U.S. corporate andspecified foreign debentures and secured notes that meet the specified maturity,liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The U.S. Credit Index is the same as the former U.S. Corporate InvestmentGrade Index, which has been renamed the U.S. Credit Index. The name changeis effective as of 6/1/00 (for statistics) and as of 7/1/00 (for returns).

Benchmark Definitions

The Fund Fact Sheet User’s Guide revised 1/30/08

Lehman Brothers U.S. Government Bond Index: Is the U.S.Government component of the US Government/Credit Index. It consists of securities issued by the U.S. Government (i.e., securities in the Treasury andAgency Indices). This includes public obligations of the U.S. Treasury with aremaining maturity of one year or more and publicly issued debt of U.S.Government agencies, quasi-federal corporations, and corporate or foreign debt.Lehman Brothers U.S. Government/Credit Index: Is the U.S.Government/Credit component of the US Aggregate Index. The Government/Credit Index includes securities in the Government and Credit Indices.Lipper Balanced Funds Index: Represents the average of the 30 largestqualifying mutual funds (based on year-end total net assets) for the investmentobjective (to conserve principal by maintaining a balanced portfolio of stocks andbonds). Typically, the stock/bond ratio ranges around 60%/40%.Lipper Flexible Portfolio Funds Index: Represents the average of the 30largest qualifying mutual funds in the Lipper Flexible Portfolio investment objectivecategory (based on year-end total net assets). The mutual funds that comprise theAverage allocate their investments across various asset classes, including domesticcommon stocks, bonds and money market instruments, with a focus on total return.Lipper Global Funds Index: Represents the average of the 30 largest qualify-ing mutual funds (based on year-end total net assets) for the investment objective(to invest at least 25% of its portfolio in securities traded outside of the UnitedStates). These funds may own U.S. securities as well.Lipper High Yield Bond Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total net assets) forthe investment objective (to seek a high [relative] current yield from fixedincome securities without regard to quality or maturity restrictions). Thesefunds tend to invest in lower-grade debt issues.Lipper International Funds Index: Represents the average of the 30largest qualifying mutual funds (based on year-end total net assets) for theinvestment objective (to invest assets in securities whose primary trading mar-kets are outside the United States).Lipper Large-Cap Core Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total net assets) in theLipper Large-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on athree-year weighted basis) greater than 300% of the dollar-weighted medianmarket capitalization of the middle 1,000 securities of the S&P SuperComposite1500 Index. These funds typically have an average price-to-earnings ratio,price-to-book ratio, and three-year sales-per-share growth value, compared tothe S&P 500 Index. Lipper Large-Cap Growth Funds Index: Represents the average ofthe 30 largest qualifying mutual funds (based on year-end total net assets) inthe Lipper Large-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) greater than 300% of the dollar-weighted median marketcapitalization of the middle 1,000 securities of the S&P SuperComposite 1500Index. These funds typically have an above average price-to-earnings ratio,price-to-book ratio, and three-year sales-per-share growth value, compared tothe S&P 500 Index.Lipper Large-Cap Value Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total net assets) in theLipper Large-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) greater than 300% of the dollar-weighted median marketcapitalization of the middle 1,000 securities of the S&P SuperComposite 1500Index. These funds typically have a below average price-to-earnings ratio,price-to-book ratio, and three-year sales-per-share growth value, compared tothe S&P 500 Index.Lipper Mid-Cap Core Funds Index: Represents the average of the 30largest qualifying mutual funds (based on year-end total net assets) in theLipper Mid-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) less than 300% of the dollar-weighted median market capi-talization of the middle 1,000 securities of the S&P SuperComposite 1500Index. These funds typically have an average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&PMidcap 400 Index.Lipper Mid-Cap Growth Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total net assets) in theLipper Mid-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) less than 300% of the dollar-weighted median market capi-talization of the middle 1,000 securities of the S&P SuperComposite 1500Index. These funds typically have an above average price-to-earnings ratio,price-to-book ratio, and three-year sales-per-share growth value, compared tothe S&P Midcap 400 Index.Lipper Mid-Cap Value Funds Index: Represents the average of the 30largest qualifying mutual funds (based on year-end total net assets) in the LipperMid-Cap Universe. These funds, by portfolio practice, invest at least 75% of theirequity assets in companies with market capitalizations (on a three-year weightedbasis) less than 300% of the dollar-weighted median market capitalization of themiddle 1,000 securities of the S&P SuperComposite 1500 Index. These fundstypically have a below average price-to-earnings ratio, price-to-book ratio, andthree-year sales-per-share growth value, compared to the S&P Midcap 400 Index.Lipper Real Estate Funds Index: An equally weighted index of the largestthirty funds within the real estate funds investment objective as defined byLipper Inc. These funds invest at least 65% of their portfolios in equity securitiesof domestic and foreign companies engaged in the real estate industry.

Lipper Science and Technology Funds Index: Represents the averageof the 30 largest qualifying mutual funds in the Lipper Science andTechnology universe (based on year-end total net assets). These funds, byportfolio practice, invest at least 65% of their equity assets in science technol-ogy stocks.Lipper Small-Cap Core Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total net assets) in theLipper Small-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on athree-year weighted basis) less than 250% of the dollar-weighted median ofthe smallest 500 of the middle 1,000 securities of the S&P Super-Composite1500 Index. These funds typically have an average price-to-earnings ratio,price-to-book ratio, and three-year sales-per-share growth value, compared tothe S&P SmallCap 600 Index.Lipper Small-Cap Growth Funds Index: Represents the average ofthe 30 largest qualifying mutual funds (based on year-end total net assets) inthe Lipper Small-Cap Universe. These funds, by portfolio practice, invest atleast 75% of their equity assets in companies with market capitalizations (ona three-year weighted basis) less than 250% of the dollar-weighted median ofthe smallest 500 of the middle 1,000 securities of the S&P SuperComposite1500 Index. These funds typically have an above average price-to-earningsratio, price-to-book ratio, and three-year sales-per-share growth value, com-pared to the S&P SmallCap 600 Index. Lipper Small-Cap Value Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total net assets) in theLipper Small-Cap Universe. These funds, by portfolio practice, invest at least75% of their equity assets in companies with market capitalizations (on athree-year weighted basis) less than 250% of the dollar-weighted median ofthe smallest 500 of the middle 1,000 securities of the S&P SuperComposite1500 Index. These funds typically have a below average price-to-earningsratio, price-to-book ratio, and three-year sales-per-share growth value, com-pared to the S&P SmallCap 600 Index.Morgan Stanley REIT Index: A capitalization-weighted benchmark indexof the most actively traded real estate investment trusts (REITs), designed tomeasure real estate equity performance.MSCI All Country World Free Ex. U.S. Index: Designed to measureequity performance in the global developed and emerging markets excludingthe United States.MSCI All Country World Free Ex. U.S. Growth Index: Includesthose firms in the MSCI All Country World Ex. U.S. Index with higher Price toBook Value (P/BV) ratios.MSCI EAFE Growth Index (net): A market capitalization-weightedindex comprised of that half of the MSCI EAFE Index based upon a twodimensional framework for style segmentation in which value and growthsecurities are categorized using different attributes – three for value and fivefor growth including forward looking variables.MSCI EAFE Index (net): A market capitalization-weighted index com-prised of companies representative of the market structure of 21 developedmarket countries in Europe, Australia and the Far East. The MSCI EAFE Indexis available both in local currency and U.S. dollar terms. The returns shown inthe performance chart are calculated with dividends reinvested and are net offoreign withholding tax.MSCI EAFE Value Index (net): A market capitalization-weighted index com-prised of that half of the MSCI EAFE Index based upon a two dimensional frame-work for style segmentation in which value and growth securities are categorizedusing different attributes – three for value and five for growth including forwardlooking variables.MSCI EMF Index (net): A market capitalization-weighted index comprisedof companies representative of the market structure of 25 emerging marketcountries open to foreign investment. The MSCI EMF Index excludes closedmarkets and those shares in otherwise open markets that are not available forpurchase by foreigners. The returns shown in the performance chart are calcu-lated with dividends reinvested and are net of foreign withholding tax. Theindex is available both in local currency and U.S. dollar terms.MSCI World Growth Index (net): A market capitalization-weightedindex comprised of that half of the MSCI World Index based upon a twodimensional framework for style segmentation in which value and growthsecurities are categorized using different attributes – three for value and fivefor growth including forward looking variables.MSCI World Index (net): A market capitalization-weighted index com-prised of companies representative of the market structure of 23 developedmarket countries in North America (including the U.S.), Europe, and theAsia/Pacific region. The MSCI World Index is available both in local currencyand U.S. dollar terms. The returns shown in the performance chart are calcu-lated with dividends reinvested and are net of foreign withholding tax.MSCI World Value Index (net): A market capitalization-weighted indexcomprised of that half of the MSCI World Index based upon a two dimension-al framework for style segmentation in which value and growth securities arecategorized using different attributes – three for value and five for growthincluding forward looking variables.NCREIF Open-End Diversified Core Equity Fund Index: (NFI-ODCE) Value-Weighted Total Return Net of Fees, S&P Citigroup BMI WorldProperty Industry Index, Citigroup US Domestic 3 month Treasury Bill TotalReturn (Cash). The benchmark will be re-weighted on a monthly basis to cor-respond with the Fund's investment allocations. National Association of RealEstate Investment Fiduciaries (NCREIF).

Russell 1000® Growth Index: A market capitalization-weighted indexthat measures the performance of those Russell 1000 companies with higherprice-to-book ratios and higher forecasted growth rates.Russell 1000® Index: A market capitalization-weighted index that measures the performance of the 1,000 largest companies in the Russell3000® Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index.Russell 1000® Value Index: A market capitalization-weighted indexthat measures the performance of those Russell 1000 companies with lowerprice-to-book ratios and lower forecasted growth rates.Russell 2000® Growth Index: A market capitalization-weighted indexthat measures the performance of those Russell 2000 companies with higherprice-to-book ratios and higher forecasted growth rates.Russell 2000® Index: A market capitalization-weighted index that measures the performance of the 2000 smallest companies in the Russell3000® Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index.Russell 2000® Value Index: A market capitalization-weighted indexthat measures the performance of those Russell 2000 companies with lowerprice-to-book ratios and lower forecasted growth rates.Russell 2500® Growth Index: Measures the performance of thoseRussell 2500 companies with higher price-to-book ratios and higher forecastedgrowth rates.Russell 2500® Value Index: A market capitalization-weighted indexthat measures the performance of those Russell 2500 companies with lowerprice-to-book ratios and lower forecasted growth rates.Russell 3000 Value Index: Measures the performance of those Russell3000 Index companies with lower price-to-book ratios and lower forecastedgrowth rates. The stocks in this index are also members of either the Russell1000 Value or the Russell 2000 Value indexes.Russell 3000® Index: A market capitalization-weighted index that measures the performance of the 3,000 largest U.S. companies based ontotal market capitalization, which represents approximately 98% of theinvestable U.S. equity market.Russell Midcap® Growth Index: A market capitalization-weightedindex that measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth rates. The stocksare also members of the Russell 1000® Growth Index.Russell Midcap® Index: A market capitalization-weighted index thatmeasures the performance of the 800 smallest companies in the Russell1000® Index, which represent approximately 30% of the total market capitalization of the Russell 1000 Index.Russell Midcap® Value Index: A market capitalization-weighted indexthat measures the performance of those Russell Midcap companies with lowerprice-to-book ratios and lower forecasted growth rates. The stocks are alsomembers of the Russell 1000® Value Index.S&P 500® Index: (registered trademark of The McGraw-Hill Companies,Inc.) An unmanaged index of 500 common stocks, weighted by market capitalization, representing approximately 75% of NYSE (New York StockExchange) capitalization, with a minimum market capitalization of $4 billion.(Index performance includes the reinvestment of dividends and capital gains.)S&P MidCap 400 Index: Consists of 400 domestic stocks chosen for marketsize, liquidity, and industry group representation. It is a market-weighted index,with each stock affecting the Index in proportion to its market value. The marketcapitalization of the S&P Midcap 400 Index is between $1 billion and $4.5 billion.S&P MidCap 400®/Citigroup Value Index: Standard & Poor’s andCitigroup cooperate to employ a value calculation, whereby the market capital-ization of the S&P MidCap 400 Index uses a multi-factor methodology to cal-culate growth and value in separate dimensions. Style scores are calculatedtaking standardized measures of 3 growth factors and 4 value factors for eachconstituent. The market capitalization of the S&P Midcap 400/CitigroupValue Index is between $1 billion and $4.5 billion.S&P 500/Citigroup Value Index: Standard & Poor’s and Citigroup coop-erate to employ a value calculation, whereby the market capitalization of theS&P 500 Index uses a multi-factor methodology to calculate growth and valuein separate dimensions. Style scores are calculated taking standardized meas-ures of 3 growth factors and 4 value factors for each constituent. The minimummarket capitalization of the S&P 500/Citigroup Value Index is $4 billion.S&P Technology Index: Standard & Poor’s offers sector indices on theS&P 500 based upon the Global Industry Classification Standard (GICS®).This standard is jointly Standard & Poor’s and MSCI. Each stock is classifiedinto one of 10 sectors, 24 industry groups, 64 industries and 139 sub-indus-tries according to their largest source of revenue. Standard & Poor’s and MSCIjointly determine all classifications. The 10 sectors are Consumer Discretionary,Consumer Staples, Energy, Financials, Health Care, Industrials, InformationTechnology, Materials, Telecommunication Services and Utilities. These indicesare calculated using the same guiding principles that apply to all Standard &Poor’s indices. Vanguard Balanced Composite Index: Made up of two unmanagedbenchmarks, weighted 60% Dow Jones Wilshire 5000 Index and 40%Lehman Aggregate Bond Index through May 31, 2005; 60% MSCI U.S.Broad Market Index and 40% Lehman Aggregate Bond Index thereafter.Vanguard Wellington Composite Index: is a combination of unman-aged industry benchmarks: 65% S&P 500 Index and 35% Lehman Credit Aor Better Index. Prior to March 1, 2000, weighted 65% S&P 500 Index and35% Lehman Long Credit AA or Better Index.

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Investment Fact Sheets - Prudential