Filed with the Securities and Exchange Commission on September 20, 2007 Registration No. 333-136996 ======================================================================================================================================= SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form S-3 Post-Effective Amendment No. 4 Registration Statement Under The Securities Act of 1933* AMERICAN SKANDIA LIFE ASSURANCE CORPORATION (Exact name of registrant as specified in its charter) CONNECTICUT (State or other jurisdiction of incorporation or organization) 63 (Primary Standard Industrial Classification Code Number) 06-1241288 (I.R.S. Employer Identification No.) ONE CORPORATE DRIVE, SHELTON, CONNECTICUT 06484 (203) 926-1888 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) JOSEPH D. EMANUEL, CHIEF LEGAL OFFICER ONE CORPORATE DRIVE, SHELTON, CONNECTICUT 06484 (203) 944-7504 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copy To: C. CHRISTOPHER SPRAGUE, ESQ. One Corporate Drive, Shelton, Connecticut 06484 (203) 944-5477 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box: [] If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or reinvestment plans, check the following: [X]. If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier registration statement for the same offering: [ ] If this Form is a post-effective amendment pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration number of the earlier registration statement for the same offering: [ ] If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box: [ ] If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to rule 413(b) under the Securities Act, check the following box: [ ] Calculation of Registration Fee ======================================================================================================================================= Title of each Proposed Proposed class of maximum maximum securities Amount offering aggregate Amount of to be to be price offering registration registered registered per unit price** fee - --------------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------------- Market Value Adjusted - --------------------------------------------------------------------------------------------------------------------------------------- Annuity Contracts $2,000,000,000.00 $214,000 * Securities are not issued in predetermined units ** Registration fee for these securities, in the amount of $214,000, was paid at the time the securities were originally registered on Form S-3 as filed by American Skandia Life Insurance Corporation on August 30, 2006. - ---------------------------------------------------------------------------------------------------------------------------------------Note: Registrant is filing this Post-Effective Amendment No. 4 to the Registration Statement for the purpose of including in the Registration Statement two Prospectus supplements. The Prospectus and Part II that were filed as part of Post-Effective Amendment No. 3 with the SEC on April 20, 2007 as supplemented are hereby incorporated by reference. Other than as set forth herein, this post-effective amendment to the registration statement does not amend or delete any other part of the registration statement. AMERICAN SKANDIA LIFE ASSURANCE CORPORATION American Skandia Advisor Plan III American Skandia APEX II American Skandia Xtra Credit Six American Skandia Lifevest II American Skandia Advisors Choice(R)2000 Supplement to Prospectuses Dated May 1, 2007 Supplement dated November 19, 2007 This Supplement should be read and retained with the current Prospectus for your annuity. This Supplement is intended to update certain information in the Prospectus for the variable annuity you own, and is not intended to be a prospectus or offer for any other variable annuity listed here that you do not own. If you would like another copy of the current Prospectus, please contact us at 1-888-PRU-2888. We are issuing this supplement to set forth six additional Advanced Series Trust portfolios that are being offered as new variable investment options under each of the above-referenced products. We also announce a change to the name, and non-fundamental investment policies of the First Trust 10 Uncommon Values Portfolio. We describe changes to the Annuity Date provisions and set forth a new name of the principal underwriter of the Annuities. We also make certain other changes, as indicated herein. I. NEW SUB-ACCOUNTS Effective November 19, 2007, the underlying portfolios listed below are being offered as new Sub-accounts under your annuity. In order to reflect these additions: In the section of each Prospectus entitled "Summary of Contract Expenses", sub-section "Underlying Mutual Fund Portfolio Annual Expenses", under the heading "Advanced Series Trust", the following portfolios have been added: - --------------------------------------------------------------------------------------------------------------------------------------- UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES (as a percentage of the average net assets of the underlying Portfolios) - --------------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- Acquired Total Annual Management Other Portfolio UNDERLYING PORTFOLIO Fees Expenses 12b-1 Fees & Portfolio Advanced Series Trust: Fees Expenses Operating Expenses* - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- AST CLS Growth Asset Allocation 0.30% 0.21% 0.00% 0.91% 1.42% - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- AST CLS Moderate Asset Allocation 0.30% 0.21% 0.00% 0.86% 1.37% - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- AST Horizon Growth Asset Allocation 0.30% 0.21% 0.00% 0.84% 1.35% - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- AST Horizon Moderate Asset Allocation 0.30% 0.21% 0.00% 0.81% 1.32% - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- AST Western Asset Core Plus Bond 0.70% 0.12% 0.00% 0.00% 0.82% - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- AST Niemann Capital Growth Asset Allocation 0.30% 0.21% 0.00% 0.89% 1.40% - ----------------------------------------------- ---------------- ------------- ------------ ------------------- ----------------------- *The Total Annual Portfolio Operating Expenses for certain of the Portfolios set forth above are less than the amounts shown in the table above, due to fee waivers, reimbursement of expenses, and expense offset arrangements ("Arrangements"). These Arrangements are voluntary and may be terminated at any time. In addition, the Arrangements may be modified periodically. For more information regarding the Arrangements, please see the prospectus and statement of additional information for the Portfolios. The following is being added to the chart in each Prospectus in the section entitled "Investment Options": - ----------------------- ----------------------------------------------------------------------------------- ------------------------- STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO TYPE ADVISOR/ SUB-ADVISOR ----------------------------------------------------------------------------------- ------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST FUNDS - ------------------------------------------------------------------------------------------------------------------------------------- - ----------------------- ----------------------------------------------------------------------------------- ------------------------- AST CLS Growth Asset Allocation Portfolio: seeks the highest potential total Clarke Lanzen Skalla return consistent with its specified level of risk tolerance. Under normal circumstances, at least 90% of the Portfolio's assets will be invested in other portfolios of Advanced Series Trust (the underlying portfolios) while no more than 10% of the Portfolio's assets may be invested in exchange traded funds Asset Allocation/ (ETFs). Under normal market conditions, the Portfolio will devote between 60% to Growth 80% of its net assets to underlying portfolios and ETFs investing primarily in equity securities, and between 20% to 40% of its net assets to underlying Investment Firm LLC portfolios and ETFs investing primarily in debt securities and money market instruments. - ----------------------- ----------------------------------------------------------------------------------- ------------------------- - ----------------------- ----------------------------------------------------------------------------------- ------------------------- AST CLS Moderate Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. Under normal circumstances, at least 90% of the Portfolio's assets will be invested in other portfolios of Advanced Series Trust (the underlying portfolios) while no more than 10% of the Portfolio's assets may be invested in exchange traded funds Clarke Lanzen Skalla Asset Allocation/ (ETFs). Under normal market conditions, the Portfolio will devote between 40% to Investment Firm LLC Growth 60% of its net assets to underlying portfolios and ETFs investing primarily in equity securities, and between 40% to 60% of its net assets to underlying portfolios and ETFs investing primarily in debt securities and money market instruments. - ----------------------- ----------------------------------------------------------------------------------- ------------------------- - ----------------------- ----------------------------------------------------------------------------------- ------------------------- AST Horizon Growth Asset Allocation Portfolio: seeks the highest potential total Horizon Capital return consistent with its specified level of risk tolerance. Under normal circumstances, at least 90% of the Portfolio's assets will be invested in other portfolios of Advanced Series Trust (the underlying portfolios) while no more than 10% of the Portfolio's assets may be invested in exchange traded funds Asset Allocation/ (ETFs). Under normal market conditions, the Portfolio will devote between 60% to Growth 80% of its net assets to underlying portfolios and ETFs investing primarily in equity securities, and between 20% to 40% of its net assets to underlying Management Company portfolios and ETFs investing primarily in debt securities and money market instruments. - ----------------------- ----------------------------------------------------------------------------------- ------------------------- - ----------------------- ----------------------------------------------------------------------------------- ------------------------- AST Horizon Moderate Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. Under normal circumstances, at least 90% of the Portfolio's assets will be invested in other portfolios of Advanced Series Trust (the underlying portfolios) while no more than 10% of the Portfolio's assets may be invested in exchange traded funds Horizon Capital Asset Allocation/ (ETFs). Under normal market conditions, the Portfolio will devote between 40% to Management Company Growth 60% of its net assets to underlying portfolios and ETFs investing primarily in equity securities, and between 40% to 60% of its net assets to underlying portfolios and ETFs investing primarily in debt securities and money market instruments. - ----------------------- ----------------------------------------------------------------------------------- ------------------------- - ----------------------- ----------------------------------------------------------------------------------- ------------------------- AST Niemann Capital Growth Asset Allocation Portfolio: seeks the highest Neimann Capital potential total return consistent with its specified level of risk tolerance. Under normal circumstances, at least 90% of the Portfolio's assets will be invested in other portfolios of Advanced Series Trust (the underlying portfolios) while no more than 10% of the Portfolio's assets may be invested in exchange traded funds (ETFs). Under normal market conditions, the Portfolio will devote between 60% to 80% of its net assets to underlying portfolios and ETFs investing primarily in equity securities, and between 20% to 40% of its net assets to Management Inc. underlying portfolios and ETFs investing primarily in debt securities and money market instruments. - ----------------------- ----------------------------------------------------------------------------------- ------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- Fixed Income AST Western Asset Core Plus Bond Portfolio: seeks to maximize total return, Western Asset Management consistent with prudent investment management and liquidity needs, by investing to Company obtain its average specified duration. The Portfolio's current target average duration is generally 2.5 to 7 years. The Portfolio pursues this objective by investing in all major fixed income sectors with a bias towards non-Treasuries. - ------------------------------------------------------------------------------------------------------------------------------------- II. CHANGE TO THE FIRST TRUST 10 UNCOMMON VALUES PORTFOLIO The Portfolio has changed its name to the First Trust Target Focus Four Portfolio, and its investment policies have been revised. Please note that if you wish to make a transfer out of this Portfolio, you may do so without charge, by calling our automated telephone response system at 1-800-766-4530, or by going to our web site at www.americanskandia.prudential.com. The following is being changed in the chart in each Prospectus in the section entitled "Investment Options": - ----------------------- ----------------------------------------------------------------------------------- ------------------------- STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO TYPE ADVISOR/ SUB-ADVISOR ----------------------------------------------------------------------------------- ------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- FIRST DEFINED PORTFOLIO FUND, LLC - ------------------------------------------------------------------------------------------------------------------------------------- - ----------------------- ----------------------------------------------------------------------------------- ------------------------- First Trust Target Focus Four Portfolio (formerly, First Trust 10 Uncommon Values First Trust Advisors Portfolio): seeks to provide above-average capital appreciation. The Portfolio seeks to achieve its objective by investing in the common stocks of companies which are selected by applying four separate uniquely specialized strategies selected by First Trust Advisors L.P. (the "Focus Four Strategy"). The Focus Four Specialty Strategy adheres to a disciplined investment process that targets the following four distinct areas of the market: the Dow(R)Target Dividend Strategy, Value Line(R)Target 25 Strategy, S&P Target Mid 60 Strategy, and NYSE(R)International L.P. Target 25 Strategy. - ----------------------- ----------------------------------------------------------------------------------- ------------------------- III. CHANGES TO ANNUITY DATE PROVISIONS In the "ACCESS TO ACCOUNT VALUE" section of each prospectus, under the heading entitled "What types of Annuity Options are Available" we revise the first sentence of the second paragraph to read "You may choose an Annuity Date, an annuity option and the frequency of annuity payments." In the "MANAGING YOUR ANNUITY" section of each prospectus, under the heading entitled "May I Change the Owner, Annuitant and Beneficiary Designations?" we delete the third bullet that reads, "a new Annuitant if the latest Annuity Date would be earlier than prior to the change." IV. NAME CHANGE OF PRINCIPAL UNDERWRITER In the General Information section of each prospectus, under the heading entitled "Who Distributes Annuities . . .", we identify American Skandia Marketing, Incorporated (ASM) as the principal underwriter and distributor of the Annuities. Effective on November 1, 2007, ASM has changed its name to Prudential Annuities Distributors, Inc. ("PAD"). Accordingly, we replace the first four sentences under "Who Distributes Annuities Offered By . . " with the following, and in the remainder of that section, replace references to ASM with PAD: "Prudential Annuities Distributors, Inc. (PAD) (formerly, American Skandia Marketing, Incorporated), a wholly-owned subsidiary of Prudential Annuities, Inc., is the distributor and principal underwriter of the Annuities offered through this prospectus. PAD acts as the distributor of a number of annuity and life insurance products, and is the co-distributor of the Advanced Series Trust. PAD's principal business address is One Corporate Drive, Shelton, Connecticut 06484. PAD is registered as a broker-dealer under the Securities Exchange Act of 1934 (Exchange Act), and is a member of the National Association of Securities Dealers, Inc. (NASD)." V. ADVISORS CHOICE 2000 In this Annuity only, the Rydex Variable Trust - Inverse S&P 500 Portfolio has changed its name to the Rydex Variable Trust - Inverse S&P 500 Strategy Portfolio. VI. APPENDIX H: ANNUITIES APPROVED FOR SALE BY THE NEW YORK STATE INSURANCE DEPARTMENT We amend the line item concerning Optional Living Benefits to refer also to Highest Daily Lifetime Five. AMERICAN SKANDIA LIFE ASSURANCE CORPORATION Optimum Optimum Four Optimum Plus Supplement to Prospectuses Dated May 1, 2007 Supplement dated November 19, 2007 This Supplement should be read and retained with the current Prospectus for your annuity. This Supplement is intended to update certain information in the Prospectus for the variable annuity you own, and is not intended to be a prospectus or offer for any other variable annuity listed here that you do not own. If you would like another copy of the current Prospectus, please contact us at 1-888-PRU-2888. We are issuing this supplement to set forth eight additional Advanced Series Trust portfolios that are being offered as new variable investment options under each of the above-referenced products. In addition, we describe changes to the Annuity Date provisions and set forth a new name of the principal underwriter of the Annuities. We also make certain other changes, as indicated herein. I. NEW SUB-ACCOUNTS Effective November 19, 2007, the underlying portfolios listed below are being offered as new Sub-accounts under your annuity. In order to reflect these additions: In the section of each Prospectus entitled "Summary of Contract Expenses", sub-section "Underlying Mutual Fund Portfolio Annual Expenses", under the heading "Advanced Series Trust", the following portfolios have been added: - -------------------------------------------------------------------------------------------------------------------------------------- UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES (as a percentage of the average net assets of the underlying Portfolios) - -------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- Acquired Total Annual Management Other Portfolio UNDERLYING PORTFOLIO Fees Expenses 12b-1 Fees & Portfolio Operating Advanced Series Trust: Fees Expenses Expenses - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Balanced Asset Allocation(3) 0.15% 0.02% 0.00% 0.90% 1.07% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Capital Growth Asset Allocation(3) 0.15% 0.02% 0.00% 0.95% 1.12% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Cohen & Steers Realty 1.00% 0.13% 0.00% 0.00% 1.13% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Conservative Asset Allocation(3) 0.15% 0.04% 0.00% 0.89% 1.08% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Mid-Cap Value Portfolio 0.95% 0.21% 0.00% 0.00% 1.16% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Neuberger Berman Mid-Cap Growth 0.90% 0.14% 0.00% 0.00% 1.04% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Preservation Asset Allocation(3) 0.15% 0.08% 0.00% 0.82% 1.05% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- AST Western Asset Core Plus Bond 0.70% 0.12% 0.00% 0.00% 0.82% - ------------------------------------------ ---------------- ------------- ------------ ------------------- --------------------------- 3 The AST Balanced Asset Allocation Portfolio, AST Capital Growth Asset Allocation Portfolio, AST Conservative Asset Allocation Portfolio, and the AST Preservation Asset Allocation Portfolio (the "Dynamic Asset Allocation Portfolios") each invest in other investment companies (the Acquired Portfolios). For example, each Dynamic Asset Allocation Portfolio invests in shares of other portfolios of the Advanced Series Trust, and some Portfolios invest in other funds, including the Dryden Core Investment Fund. Investors in a Portfolio indirectly bear the fees and expenses of the Acquired Portfolios. The expenses shown in the column entitled "Acquired Portfolio Fees and Expenses" represent a weighted average of the expense ratios of the Acquired Portfolios in which each Dynamic Asset Allocation Portfolio invested during the year ended December 31, 2006. The Dynamic Asset Allocation Portfolios do not pay any transaction fees when they purchase or redeem shares of the Acquired Portfolios. Where "Acquired Portfolio Fees and Expenses" are less than 0.01%, such expenses are included in "Other Expenses." This may cause the Total Annual Operating Expenses to differ from those set forth in the Financial Highlights tables in the prospectus for the Portfolios. The following is being added to the chart in each Prospectus in the section entitled "Investment Options": - ----------------------- ----------------------------------------------------------------------------------- ------------------------- STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO TYPE ADVISOR/ SUB-ADVISOR ----------------------------------------------------------------------------------- ------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST FUNDS - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST Balanced Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio will invest its assets in several other Advanced Series Trust Portfolios. Under normal market AST Investment Services, Asset Allocation/ conditions, the Portfolio will devote between 57.5% to 72.5% of its net assets to Inc./ Prudential Balanced underlying portfolios investing primarily in equity securities, and 27.5% to 42.5% Investments LLC of its net assets to underlying portfolios investing primarily in debt securities and money market instruments. - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST Capital Growth Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio will invest its assets in several other Advanced Series Trust Portfolios. Under normal AST Investment Services, Asset Allocation/ market conditions, the Portfolio will devote between 72.5% to 87.5% of its net Inc./ Prudential Balanced assets to underlying portfolios investing primarily in equity securities, and Investments LLC 12.5% to 27.5% of its net assets to underlying portfolios investing primarily in debt securities and money market instruments. - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST Cohen & Steers Realty Portfolio: seeks to maximize total return through investment in real estate securities. The Portfolio pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in securities of real estate issuers. Under normal circumstances, the Portfolio Specialty will invest substantially all of its assets in the equity securities of real Cohen & Steers Capital estate companies, i.e., a company that derives at least 50% of its revenues from Management, Inc. the ownership, construction, financing, management or sale of real estate or that has at least 50% of its assets in real estate. Real estate companies may include real estate investment trusts (REITs). - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST Conservative Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio will invest its assets in several other Advanced Series Trust Portfolios. Under normal AST Investment Services, Asset Allocation/ market conditions, the Portfolio will devote between 47.5% to 62.5% of its net Inc./ Prudential Balanced assets to underlying portfolios investing primarily in equity securities, and Investments LLC 37.5% to 52.5% of its net assets to underlying portfolios investing primarily in debt securities and money market instruments. - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- Mid Cap AST Mid Cap Value Portfolio: seeks to provide capital growth by investing primarily in mid-capitalization stocks that appear to be undervalued. The Portfolio generally invests, under normal circumstances, at least 80% of the value EARNEST Partners of its net assets in mid-capitalization companies. Mid-capitalization companies LLC/WEDGE Capital Value are generally those that have market capitalizations, at the time of purchase, Management, LLP within the market capitalization range of companies included in the Russell Midcap Value Index during the previous 12-months based on month-end data. - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- Mid Cap Growth AST Neuberger Berman Mid-Cap Growth Portfolio: seeks capital growth. Under normal Neuberger Berman market conditions, the Portfolio invests at least 80% of its net assets in the common stocks of mid-capitalization companies. Mid-capitalization companies are those companies whose market capitalization is within the range of market capitalizations of companies in the Russell Midcap Growth Index. Using fundamental research and quantitative analysis, the subadviser looks for Management Inc. fast-growing companies that are in new or rapidly evolving industries. - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- AST Preservation Asset Allocation Portfolio: seeks the highest potential total return consistent with its specified level of risk tolerance. The Portfolio will invest its assets in several other Advanced Series Trust Portfolios. Under normal AST Investment Services, Asset Allocation/ market conditions, the Portfolio will devote between 27.5% to 42.5% of its net Inc./ Prudential Balanced assets to underlying portfolios investing primarily in equity securities, and Investments LLC 57.5% to 72.5% of its net assets to underlying portfolios investing primarily in debt securities and money market instruments. - ------------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------- Fixed Income AST Western Asset Core Plus Bond Portfolio: seeks to maximize total return, Western Asset Management consistent with prudent investment management and liquidity needs, by investing to Company obtain its average specified duration. The Portfolio's current target average duration is generally 2.5 to 7 years. The Portfolio pursues this objective by investing in all major fixed income sectors with a bias towards non-Treasuries. - ------------------------------------------------------------------------------------------------------------------------------------- II. CHANGES TO ANNUITY DATE PROVISIONS In the "ACCESS TO ACCOUNT VALUE" section of each prospectus, under the heading entitled "What types of Annuity Options are Available" we revise the first sentence of the second paragraph to read "You may choose an Annuity Date, an annuity option and the frequency of annuity payments." In the "MANAGING YOUR ANNUITY" section of each prospectus, under the heading entitled "May I Change the Owner, Annuitant and Beneficiary Designations?" we delete the third bullet that reads, "a new Annuitant if the latest Annuity Date would be earlier than prior to the change." III. NAME CHANGE OF PRINCIPAL UNDERWRITER In the General Information section of each prospectus, under the heading entitled "Who Distributes Annuities . . .", we identify American Skandia Marketing, Incorporated (ASM) as the principal underwriter and distributor of the Annuities. Effective on November 1, 2007, ASM has changed its name to Prudential Annuities Distributors, Inc. ("PAD"). Accordingly, we replace the first four sentences under "Who Distributes Annuities Offered By . . " with the following, and in the remainder of that section, replace references to ASM with PAD: "Prudential Annuities Distributors, Inc. (PAD) (formerly, American Skandia Marketing, Incorporated), a wholly-owned subsidiary of Prudential Annuities, Inc., is the distributor and principal underwriter of the Annuities offered through this prospectus. PAD acts as the distributor of a number of annuity and life insurance products, and is the co-distributor of the Advanced Series Trust. PAD's principal business address is One Corporate Drive, Shelton, Connecticut 06484. PAD is registered as a broker-dealer under the Securities Exchange Act of 1934 (Exchange Act), and is a member of the National Association of Securities Dealers, Inc. (NASD)." IV. CHANGE TO APPENDIX F: ANNUITIES APPROVED FOR SALE BY THE NEW YORK STATE INSURANCE DEPARTMENT We amend the line item concerning Optional Living Benefits to also refer to Highest Daily Lifetime Five, for each of Optimum Four NY, Optimum NY, and Optimum Plus NY. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf on the 20th day of September, 2007. AMERICAN SKANDIA LIFE ASSURANCE CORPORATION Depositor /s/C. Christopher Sprague ______________________________________ C. Christopher Sprague, Vice President, Corporate Counsel As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated. Signature Title Date (Principal Executive Officer) David R. Odenath* Chief Executive Officer and President September 20, 2007 David R. Odenath (Principal Financial Officer and Principal Accounting Officer) Kenneth Y. Tanji* Executive Vice President and Chief Financial Officer Kenneth Y. Tanji (Board of Directors) James Avery* Kenneth Y. Tanji* Helen Galt* James Avery Kenneth Y. Tanji Helen Galt David R. Odenath* Bernard J. Jacob* David R. Odenath Bernard J. Jacob By:___/s/C. Christopher Sprague_______ C. Christopher Sprague *Executed by C. Christopher Sprague on behalf of those indicated pursuant to Power of Attorney Exhibits Exhibit 23a Consent of PricewaterhouseCoopers LLP. FILED HEREWITH
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POS AM Filing
Prudential Annuities Life Assurance POS AMProspectus update (post-effective amendment)
Filed: 20 Sep 07, 12:00am