AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 13, 2009

REGISTRATION NO. 333-______
================================================================================

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

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PRUCO LIFE INSURANCE COMPANY
(Exact Name of Registrant)

ARIZONA
(State or other jurisdiction of incorporation or organization)

22-1944557
(I.R.S. Employer Identification Number)

C/O PRUCO LIFE INSURANCE COMPANY
213 WASHINGTON STREET
NEWARK, NEW JERSEY 07102-2992
(973) 802-5740
(Address and telephone number of principal executive offices)

THOMAS C. CASTANO
SECRETARY
PRUCO LIFE INSURANCE COMPANY
213 WASHINGTON STREET
NEWARK, NEW JERSEY 07102-2992
(973) 802-4780
(Name, address and telephone number of agent for service)

Copies to:

CHRISTOPHER SPRAGUE
VICE PRESIDENT, CORPORATE COUNSEL
THE PRUDENTIAL INSURANCE
COMPANY OF AMERICA
751 BROAD STREET
NEWARK, NJ 07102-2992
(973) 802-6997

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
interest reinvestment plans, check the following box. [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
effective registration statement for the same offering. [_]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under
the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective 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. [_]

Indicate by check mark whether the registrant is a large accelerated filer, a
non-accelerated filer, or a smaller reporting company.

Large accelerated filer [_] Accelerated filer [_]
Non-accelerated filer [X] Smaller reporting company [_]

Calculation of Registration fee

- ------------------------------------------------------------------------------------------
Proposed Proposed
Title of each class of Amount maximum maximum
securities to be to be offering price aggregate Amount of
registered registered* per unit* offering price registration fee**
- ------------------------------------------------------------------------------------------
Market-value adjustment
annuity contracts (or
modified guaranteed
annuity contracts) $40,000,000 $1,572.00
- --------------------------------------------------------------------------------------

* Securities are not issued in predetermined units

** In this filling, Pruco Life Insurance Company is registering $40,000,000 of
Securities and paying a fee of $1,572.00 therefor.

The registrant hereby amends this registration statement on such date or dates
as may be necessary to delay its effective date until the registrant shall file
a further amendment which specifically states that this registration statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission may determine.

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DISCOVERY SELECT(R)

VARIABLE ANNUITY

PROSPECTUS: MAY 1, 2001

THIS PROSPECTUS DESCRIBES AN INDIVIDUAL VARIABLE ANNUITY CONTRACT OFFERED BY
PRUCO LIFE INSURANCE COMPANY (PRUCO LIFE). PRUCO LIFE IS A WHOLLY OWNED
SUBSIDIARY OF THE PRUDENTIAL INSURANCE COMPANY OF AMERICA.

THE FUNDS

Discovery Select offers a wide variety of investment choices, including 40
variable investment options that invest in mutual funds managed by these leading
asset managers.

PRUDENTIAL INVESTMENTS

A I M CAPITAL MANAGEMENT, INC.

ALLIANCE CAPITAL MANAGEMENT, L.P.

AMERICAN CENTURY

CREDIT SUISSE ASSET MANAGEMENT, LLC

DAVIS SELECTED ADVISERS, L.P.

FIDELITY MANAGEMENT & RESEARCH CO.

FRANKLIN ADVISERS

INVESCO FUNDS GROUP, INC.

JANUS CAPITAL

JENNISON ASSOCIATES

MFS

OPPENHEIMER CAPITAL

PIMCO

T. ROWE PRICE

PLEASE READ THIS PROSPECTUS

Please read this prospectus before purchasing a Discovery Select variable
annuity contract and keep it for future reference. Current prospectuses for each
of the underlying mutual funds accompany this prospectus. These prospectuses
contain important information about the mutual funds. Please read these
prospectuses and keep them for reference.

TO LEARN MORE ABOUT DISCOVERY SELECT

To learn more about the Discovery Select variable annuity, you can request a
copy of the Statement of Additional Information (SAI) dated May 1, 2001. The SAI
has been filed with the Securities and Exchange Commission (SEC) and is legally
a part of this prospectus. Pruco Life also files other reports with the SEC. All
of these filings can be reviewed and copied at the SEC's offices, and can also
be obtained from the SEC's Public Reference Section, 450 5th Street N.W.,
Washington, D.C. 20549. The SEC also maintains a Web site (http://www.sec.gov)
that contains the Discovery Select SAI, material incorporated by reference, and
other information regarding registrants that file electronically with the SEC.
The Table of Contents of the SAI is on Page 37 of this prospectus.

FOR A FREE COPY OF THE SAI CALL US AT:

(888) PRU-2888 or write to us at:

Pruco Life Insurance Company
213 Washington Street
Newark, New Jersey 07102-2992

Prudential Annuity Service Center
P.O. Box 7960
Philadelphia, PA 19101

THE SEC HAS NOT DETERMINED THAT THIS CONTRACT IS A GOOD INVESTMENT, NOR HAS THE
SEC DETERMINED THAT THIS PROSPECTUS IS COMPLETE OR ACCURATE. IT IS A CRIMINAL
OFFENSE TO STATE OTHERWISE. INVESTMENT IN A VARIABLE ANNUITY CONTRACT IS SUBJECT
TO RISK, INCLUDING THE POSSIBLE LOSS OF YOUR MONEY. AN INVESTMENT IN DISCOVERY
SELECT IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY.

CONTENTS

PART I: DISCOVERY SELECT PROSPECTUS

SUMMARY
Glossary............................................................. 6
Summary.............................................................. 7
Summary of Contract Expenses......................................... 10
Expense Examples..................................................... 13
PART II: DISCOVERY SELECT PROSPECTUS
SECTIONS 1-9
Section 1: What is the Discovery Select Variable Annuity?............... 18
Short Term Cancellation Right or "Free Look"......................... 18
Section 2: What Investment Options Can I Choose?........................ 19
Variable Investment Options.......................................... 19
Fixed Interest-Rate Options.......................................... 20
Transfers Among Options.............................................. 21
Market Timing........................................................ 22
Other Available Features............................................. 22
Voting Rights........................................................ 23
Substitution......................................................... 23
Section 3: What Kind of Payments Will I Receive During the Income
Phase? (Annuitization)............................................... 24
Payment Provisions................................................... 24
Option 1: Annuity Payments for a Fixed Period..................... 24
Option 2: Life Annuity with 120 Payments (10 Years) Certain....... 24
Option 3: Interest Payment Option................................. 24
Option 4: Other Annuity Options................................... 24
Section 4: What is the Death Benefit?................................... 25
Beneficiary.......................................................... 25
Calculation of the Death Benefit..................................... 25
Section 5: How Can I Purchase a Discovery Select Contract?.............. 26
Purchase Payments.................................................... 26
Allocation of Purchase Payments...................................... 26
Calculating Contract Value........................................... 26
Section 6: What are the Expenses Associated with the Discovery Select
Contract?............................................................ 27
Insurance Charges.................................................... 27
Annual Contract Fee.................................................. 27
Withdrawal Charge.................................................... 27
Critical Care Access................................................. 28
Taxes Attributable to Premium........................................ 28
Transfer Fee......................................................... 28
Company Taxes........................................................ 28
Section 7: How Can I Access My Money?................................... 29
Automated Withdrawals................................................ 29
Suspension of Payments or Transfers.................................. 29

Section 8: What are the Tax Considerations Associated with the
Discovery Select Contract?........................................... 30
Contracts Owned by Individuals (Not Associated with Tax Favored
Retirement Plans).................................................... 30
Contracts Held by Tax Favored Plans.................................. 31
Section 9: Other Information............................................ 36
Pruco Life Insurance Company......................................... 36
The Separate Account................................................. 36
Sale and Distribution of the Contract................................ 36
Assignment........................................................... 37
Financial Statements................................................. 37
Statement of Additional Information.................................. 37
Householding......................................................... 37
Accumulation Unit Values............................................. 38
Market-Value Adjustment Formula...................................... 42
IRA Disclosure Statement............................................. 46

PART III: PROSPECTUSES

VARIABLE INVESTMENT OPTIONS

THE PRUDENTIAL SERIES FUND

AIM VARIABLE INSURANCE FUNDS

ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC.

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

CREDIT SUISSE WARBURG PINCUS TRUST

DAVIS VARIABLE ACCOUNT FUND, INC.

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

JANUS ASPEN SERIES

MFS VARIABLE INSURANCE TRUST

OCC ACCUMULATION TRUST

T. ROWE PRICE

This page intentionally left blank

PART I SUMMARY

DISCOVERY SELECT PROSPECTUS

[ROCKWELL GRAPHIC]

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY
GLOSSARY

WE HAVE TRIED TO MAKE THIS PROSPECTUS AS EASY TO READ AND UNDERSTAND AS
POSSIBLE. BY THE NATURE OF THE CONTRACT, HOWEVER, CERTAIN TECHNICAL WORDS OR
TERMS ARE UNAVOIDABLE. WE HAVE IDENTIFIED THE FOLLOWING AS SOME OF THESE WORDS
OR TERMS.

ACCUMULATION PHASE

The period that begins with the contract date (see below definition) and ends
when you start receiving income payments or earlier if the contract is
terminated through a full withdrawal or payment of a death benefit.

ANNUITANT

The person whose life determines how long the contract lasts and the amount of
income payments that will be paid.

ANNUITY DATE

The date when income payments are scheduled to begin.

BENEFICIARY

The person(s) or entity you have chosen to receive a death benefit.

CASH VALUE

This is the total value of your contract minus any withdrawal charge(s) or
market-value adjustment, if applicable.

CO-ANNUITANT

The person shown on the contract data pages who becomes the Annuitant upon the
death of the Annuitant before the Annuity Date. No Co-Annuitant may be
designated if the Owner is a non-natural person.

CONTRACT DATE

The date we receive your initial purchase payment and all necessary paperwork in
good order at the Prudential Annuity Service Center. Contract anniversaries are
measured from the contract date. A contract year starts on the contract date or
on a contract anniversary.

CONTRACT OWNER, OWNER OR YOU

The person entitled to the ownership rights under the contract.

CONTRACT VALUE

The total value of the amounts in a contract allocated to the variable
investment options and the interest-rate options as of a particular date.

DEATH BENEFIT

If the sole or last surviving annuitant dies, the designated person(s) or the
beneficiary will receive, at a minimum, the total amount invested or a
potentially greater amount related to market appreciation. See "What is the
Death Benefit?" on page 25.

INCOME OPTIONS

Options under the contract that define the frequency and duration of income
payments. In your contract, these are referred to as payout or annuity options.

INTEREST-RATE OPTION

An investment option that offers a fixed-rate of interest for a selected period
during which periodic transfers are made to selected variable investment options
(dollar cost averaging option), a one-year period (fixed-rate option) or a
seven-year period (market-value adjustment option).

PRUDENTIAL ANNUITY SERVICE CENTER

P.O. Box 7960, Philadelphia, PA 19101. For express overnight mail: 2101 Welsh
Road, Dresher, PA 19025. The phone number is (888) PRU-2888.

PURCHASE PAYMENTS

The amount of money you pay us to purchase the contract. Generally, you can make
additional purchase payments at any time during the accumulation phase.

SEPARATE ACCOUNT

Purchase payments allocated to the variable investment options are held by us in
a separate account called the Pruco Life Flexible Premium Variable Annuity
Account. The Separate Account is set apart from all of the general assets of
Pruco Life.

TAX DEFERRAL

This is a way to increase your assets without currently being taxed. You do not
pay taxes on your contract earnings until you take money out of your contract.

VARIABLE INVESTMENT OPTION

When you choose a variable investment option, we purchase shares of the mutual
fund which are held as an investment for that option. We hold these shares in
the Separate Account. The division of the Separate Account of Pruco Life that
invests in a particular mutual fund is referred to in your contract as a
subaccount.

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY
Summary of Sections 1-9

FOR A MORE COMPLETE DISCUSSION OF THE FOLLOWING TOPICS, SEE THE CORRESPONDING

SECTION IN THE PROSPECTUS.

SECTION 1

WHAT IS THE DISCOVERY SELECT VARIABLE ANNUITY?

This variable annuity contract, offered by Pruco Life, is a contract between
you, as the owner, and us. The contract allows you to invest on a tax-deferred
basis in one or more of 40 variable investment options. There are also three
fixed interest-rate options which are available in most states. The contract is
intended for retirement savings or other long-term investment purposes and
provides a death benefit and guaranteed income options.

The variable investment options are designed to offer the opportunity over the
long term for a better return than the fixed interest-rate options. However,
this is NOT guaranteed. It is possible, due to market changes, that your
investments may decrease in value.

The fixed interest-rate options offer an interest rate that is guaranteed. While
your money is in a fixed account, your principal amount is guaranteed and the
interest amount that your money will earn is guaranteed by us to always be at
least 3.0%. Payments allocated to the fixed interest-rate options become part of
Pruco Life's general assets. As a result, the strength of our guarantee is based
on the overall financial strength of Pruco Life.

You can invest your money in any or all of the variable investment options and
the interest-rate options. You are allowed 12 transfers each contract year among
the variable investment options, without a charge. There are certain
restrictions on transfers involving the interest-rate options.

The contract, like all deferred annuity contracts, has two phases: the
accumulation phase and the income phase. During the accumulation phase, earnings
grow on a tax-deferred basis and are taxed as income when you make a withdrawal.
The income phase starts when you begin receiving regular payments from your
contract. The amount of money you are able to accumulate in your contract during
the accumulation phase will help determine the amount of the payments you will
receive during the income phase. Other factors will affect the amount of your
payments such as age, gender and the payout option you selected.

FREE LOOK. If you change your mind about owning Discovery Select, you may cancel
your contract within 10 days after receiving it (or whatever time period is
required in the state where the contract was issued).

SECTION 2

WHAT INVESTMENT OPTIONS CAN I CHOOSE?

You generally can invest your money in any of the variable investment options
that invest in the mutual funds described in the fund prospectuses provided with
this prospectus:

THE PRUDENTIAL SERIES FUND

Diversified Bond Portfolio

Diversified Conservative Growth Portfolio

Equity Portfolio

Global Portfolio

High Yield Bond Portfolio

Money Market Portfolio

Prudential Jennison Portfolio

Small Capitalization Stock Portfolio

Stock Index Portfolio

Value Portfolio

20/20 Focus Portfolio

SP Aggressive Growth Asset Allocation Portfolio

SP Alliance Technology Portfolio

SP Balanced Asset Allocation Portfolio

SP Conservative Asset Allocation Portfolio

SP Growth Asset Allocation Portfolio

SP INVESCO Small Company Growth Portfolio

SP Jennison International Growth Portfolio

SP Large Cap Value Portfolio

SP MFS Capital Opportunities Portfolio

SP MFS Mid-Cap Growth Portfolio

SP PIMCO Total Return Portfolio

SP Prudential U.S. Emerging Growth Portfolio

SP Small/Mid Cap Value Portfolio

SP Strategic Partners Focused Growth Portfolio

Summary of Sections 1-9 CONTINUED

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY

AIM VARIABLE INSURANCE FUNDS

AIM V.I. Growth and Income Fund

AIM V.I. Value Fund

ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC.

Alliance Premier Growth Portfolio

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

American Century VP Value

CREDIT SUISSE WARBURG PINCUS TRUST

Global Post-Venture Capital Portfolio

DAVIS VARIABLE ACCOUNT FUND, INC.

Davis Value Portfolio

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

Franklin Small Cap Fund--Class 2

JANUS ASPEN SERIES

Growth Portfolio

International Growth Portfolio

MFS VARIABLE INSURANCE TRUST

Emerging Growth Series

Research Series

OCC ACCUMULATION TRUST

Managed Portfolio

Small Cap Portfolio

T. ROWE PRICE

Equity Series--Equity Income Portfolio

International Series--International Stock Portfolio

Depending upon market conditions, you may earn or lose money in any of these
options. The value of your contract will fluctuate depending upon the investment
performance of the mutual funds used by the variable investment options you
choose. Performance information for the variable investment options is provided
in the Statement of Additional Information (SAI). Past performance is not a
guarantee of future results.

You can also put your money into one or more of the fixed interest-rate options.

Depending on the terms of your contract, not all portfolios of the Prudential
Series Fund may be available to you.

SECTION 3

WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE INCOME PHASE? (ANNUITIZATION)

If you want to receive regular income from your annuity, you can choose one of
several options, including guaranteed payments for the annuitant's lifetime.
Generally, once you begin receiving regular payments, you cannot change your
payment plan.

SECTION 4

WHAT IS THE DEATH BENEFIT?

If the sole or last surviving annuitant dies, the designated person(s) or the
beneficiary will receive at a minimum, the total amount invested or a
potentially greater amount related to market appreciation.

SECTION 5

HOW CAN I PURCHASE A DISCOVERY SELECT ANNUITY CONTRACT?

You can purchase this contract, under most circumstances, with a minimum initial
purchase payment of $10,000. You can add $1,000 or more at any time during the
accumulation phase of the contract. Your representative can help you fill out
the proper forms.

SECTION 6

WHAT ARE THE EXPENSES ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT?

The contract has insurance features and investment features, and there are costs
related to each.

Each year we deduct a $30 contract maintenance charge if your contract value is
less than $50,000. For insurance and administrative costs, we also deduct an
annual charge of 1.40% of the average daily value of all assets allocated to the
variable investment options. This charge is not assessed against amounts
allocated to the interest-rate investment options.

There are a few states/jurisdictions that assess a premium tax when you begin
receiving regular income payments from your annuity. In those states, we will
impose a required premium tax charge which can range up to 3.5%.

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY

There are also charges associated with the mutual funds. These charges currently
range from 0.39% to 1.40% per year of a fund's average daily assets.

During the accumulation phase, if you withdraw money less than eight years after
making a purchase payment, you may have to pay a withdrawal charge on all or
part of the withdrawal. This charge ranges from 1-7%.

SECTION 7

HOW CAN I ACCESS MY MONEY?

You may take money out at any time during the accumulation phase. If you do so,
however, you may be subject to income tax and, if you make a withdrawal prior to
age 59 1/2, an additional tax penalty as well. Each year, you may withdraw up to
10% of your total purchase payments without charge. Withdrawals greater than 10%
of your purchase payments will be subject to a withdrawal charge. This charge
decreases 1% each year. After the 7th year, there is no charge for a withdrawal.
You may also be subject to income tax and a tax penalty if you make an early
withdrawal.

SECTION 8

WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT?

Your earnings are not taxed until withdrawn. If you take money out during the
accumulation phase, earnings are withdrawn first and are taxed as ordinary
income. If you are younger than age 59 1/2 when you take money out, you may be
charged a 10% federal tax penalty on the earnings in addition to ordinary
taxation. A portion of the payments you receive during the income phase is
considered partly a return of your original investment. As a result, that
portion of each payment is not taxable as income. Generally, all amounts
withdrawn from IRA contracts (excluding Roth IRAs) are fully taxable and subject
to the 10% penalty if withdrawn prior to age 59 1/2.

SECTION 9

OTHER INFORMATION

This contract is issued by Pruco Life, a subsidiary of The Prudential Insurance
Company of America.

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY
Summary of Contract Expenses

THE PURPOSE OF THIS SUMMARY IS TO HELP YOU TO UNDERSTAND THE COSTS YOU WILL PAY
FOR DISCOVERY SELECT. THIS SUMMARY INCLUDES THE EXPENSES OF THE MUTUAL FUNDS
USED BY THE VARIABLE INVESTMENT OPTIONS BUT DOES NOT INCLUDE ANY PREMIUM TAXES
THAT MIGHT BE APPLICABLE IN YOUR STATE.

FOR MORE DETAILED INFORMATION:

More detailed information can be found on page 27 under the section called,
"What Are The Expenses Associated With The Discovery Select Contract?" For more
detailed expense information about the mutual funds, please refer to the
individual fund prospectuses which you will find at the back of this prospectus.

TRANSACTION EXPENSES

WITHDRAWAL CHARGE (SEE NOTE 1 BELOW)

During contract year 1 7%
During contract year 2 6%
During contract year 3 5%
During contract year 4 4%
During contract year 5 3%
During contract year 6 2%
During contract year 7 1%

TRANSFER FEE (SEE NOTE 2 BELOW)

first 12 transfers per year each $ 0.00
transfer after 12 $25.00

ANNUAL CONTRACT FEE AND FULL WITHDRAWAL FEE (SEE NOTE 3 BELOW)

$30.00

ANNUAL ACCOUNT EXPENSES

AS A PERCENTAGE OF THE AVERAGE ACCOUNT VALUE

Mortality and Expense Risk: 1.25%
Administrative Fee: 0.15%
Total: 1.40%

NOTE 1: AS OF THE BEGINNING OF THE CONTRACT YEAR, YOU MAY WITHDRAW UP TO 10% OF
THE TOTAL PURCHASE PAYMENTS PLUS ANY CHARGE-FREE AMOUNT CARRIED OVER FROM THE
PREVIOUS CONTRACT YEAR WITHOUT CHARGE. THERE IS NO WITHDRAWAL CHARGE ON ANY
WITHDRAWALS MADE UNDER THE CRITICAL CARE ACCESS OPTION (SEE PAGE 28) OR ON ANY
AMOUNT USED TO PROVIDE INCOME UNDER THE LIFE ANNUITY WITH 120 PAYMENTS (10
YEARS) CERTAIN OPTION. (SEE PAGE 24). SURRENDER CHARGES ARE WAIVED WHEN A DEATH
BENEFIT IS PAID.

NOTE 2: YOU WILL NOT BE CHARGED FOR TRANSFERS MADE IN CONNECTION WITH DOLLAR
COST AVERAGING AND AUTO-REBALANCING

NOTE 3: THIS FEE IS NOT CHARGED ON WITHDRAWALS IF THE VALUE OF YOUR CONTRACT IS
$50,000 OR MORE, OR IF THE WITHDRAWALS ARE MADE UNDER THE CRITICAL CARE ACCESS
OPTION.

NOTES FOR ANNUAL MUTUAL FUND

EXPENSES:

THESE EXPENSES ARE BASED ON THE HISTORICAL FUND EXPENSES FOR THE YEAR ENDED
DECEMBER 31, 2000, EXCEPT AS INDICATED. FUND EXPENSES ARE NOT FIXED OR
GUARANTEED BY THE DISCOVERY SELECT CONTRACT AND MAY VARY FROM YEAR TO YEAR.

(1) THE PRUDENTIAL SERIES FUND:

BECAUSE THIS IS THE FIRST FULL YEAR OF OPERATION FOR ALL "SP" PORTFOLIOS, OTHER
EXPENSES ARE ESTIMATED BASED ON MANAGEMENT PROJECTION OF NON-ADVISORY FEE
EXPENSES. EACH "SP" PORTFOLIO HAS EXPENSE REIMBURSEMENTS IN EFFECT, AND THE
TABLE SHOWS TOTAL EXPENSES BOTH WITH AND WITHOUT THESE EXPENSE REIMBURSEMENTS.
THESE EXPENSE REIMBURSEMENTS ARE VOLUNTARY AND MAY BE TERMINATED AT ANY TIME.

(2) AMERICAN CENTURY VARIABLE PORTFOLIOS INC. AND T. ROWE PRICE FUNDS

INVESTMENT MANAGEMENT FEES INCLUDE ORDINARY EXPENSES OF OPERATING THE FUNDS.

(3) CREDIT SUISSE WARBURG PINCUS TRUST AND DAVIS VARIABLE ACCOUNT FUND, INC.

FEE WAIVERS AND EXPENSE REIMBURSEMENT OR CREDITS REDUCED INVESTMENT MANAGEMENT
FEES AND OTHER EXPENSES DURING 2000, BUT MAY BE DISCONTINUED AT ANY TIME.

(4) FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

THE FUND'S CLASS 2 DISTRIBUTION PLAN OR "RULE 12B-1 PLAN" IS DESCRIBED IN THE
FUND'S PROSPECTUS. THE MANAGER HAS AGREED IN ADVANCE TO MAKE AN ESTIMATED
REDUCTION OF 0.04% OF ITS FEE TO REFLECT REDUCED SERVICES RESULTING FROM THE
FUND'S INVESTMENT IN A FRANKLIN TEMPLETON MONEY FUND. THIS REDUCTION IS REQUIRED
BY THE FUND'S BOARD OF TRUSTEES AND AN ORDER OF THE SECURITIES AND EXCHANGE
COMMISSION.

(5) JANUS ASPEN SERIES

TABLE REFLECTS EXPENSES BASED UPON EXPENSES FOR THE FISCAL YEAR ENDED DECEMBER
31, 2000, RESTATED TO REFLECT A REDUCTION IN THE MANAGEMENT FEE. ALL EXPENSES
ARE SHOWN WITHOUT THE EFFECT OF ANY OFFSET ARRANGEMENTS.

(6) MFS VARIABLE INSURANCE TRUST

AN EXPENSE OFFSET ARRANGEMENT WITH THE FUND'S CUSTODIAN RESULTED IN A REDUCTION
IN OTHER EXPENSES BY

0.01%

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY

ANNUAL MUTUAL FUND EXPENSES (AFTER REIMBURSEMENT, IF ANY):

AS A PERCENTAGE OF EACH PORTFOLIO'S AVERAGE DAILY NET ASSETS

INVESTMENT 12-B1 OTHER TOTAL CONTRACT TOTAL ACTUAL
MANAGEMENT FEE FEE EXPENSES EXPENSES EXPENSES*
-------------- ----- -------- -------------- ------------

THE PRUDENTIAL SERIES FUND(1)
Diversified Bond Portfolio 0.40% N/A 0.05% 0.45% 0.45%
Diversified Conservative Growth Portfolio 0.75% N/A 0.18% 0.93% 0.93%
Equity Portfolio 0.45% N/A 0.04% 0.49% 0.49%
Global Portfolio 0.75% N/A 0.10% 0.85% 0.85%
High Yield Bond Portfolio 0.55% N/A 0.05% 0.60% 0.60%
Money Market Portfolio 0.40% N/A 0.04% 0.44% 0.44%
Prudential Jennison Portfolio 0.60% N/A 0.04% 0.64% 0.64%
Small Capitalization Stock Portfolio 0.40% N/A 0.08% 0.48% 0.48%
Stock Index Portfolio 0.35% N/A 0.04% 0.39% 0.39%
Value Portfolio 0.40% N/A 0.05% 0.45% 0.45%
20/20 Focus Portfolio 0.75% N/A 0.13% 0.88% 0.88%
SP Aggressive Growth Asset Allocation Portfolio 0.84%** N/A 0.40% 1.24% 1.04%
SP Alliance Technology Portfolio 1.15% N/A 0.65% 1.80% 1.30%
SP Balanced Asset Allocation Portfolio 0.75%** N/A 0.33% 1.08% 0.92%
SP Conservative Asset Allocation Portfolio 0.71%** N/A 0.30% 1.01% 0.87%
SP Growth Asset Allocation Portfolio 0.80%** N/A 0.35% 1.15% 0.97%
SP INVESCO Small Company Growth Portfolio 0.95% N/A 1.08% 2.03% 1.15%
SP Jennison International Growth Portfolio 0.85% N/A 0.45% 1.30% 1.24%
SP Large Cap Value Portfolio 0.80% N/A 1.00% 1.80% 0.90%
SP MFS Capital Opportunities Portfolio 0.75% N/A 0.96% 1.71% 1.00%
SP MFS Mid-Cap Growth Portfolio 0.80% N/A 0.63% 1.43% 1.00%
SP PIMCO Total Return Portfolio 0.60% N/A 0.26% 0.86% 0.76%
SP Prudential U.S. Emerging Growth Portfolio 0.60% N/A 0.47% 1.07% 0.90%
SP Small/Mid Cap Value Portfolio 0.90% N/A 0.51% 1.41% 1.05%
SP Strategic Partners Focused Growth Portfolio 0.90% N/A 0.85% 1.75% 1.01%
AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. Growth and Income Fund 0.60% N/A 0.24% 0.84% 0.84%
AIM V.I. Value Fund 0.61% N/A 0.23% 0.84% 0.84%
ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC.
Alliance Premier Growth Portfolio--Class B 1.00% 0.25% 0.05% 1.30% 1.30%
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.(2)
American Century VP Value 1.00% N/A 0.00% 1.00% 1.00%
CREDIT SUISSE WARBURG PINCUS TRUST(3)
Global Post-Venture Capital Portfolio 1.25% N/A 0.28% 1.53% 1.40%
DAVIS VARIABLE ACCOUNT FUND, INC.(3)
Davis Value Portfolio 0.75% N/A 0.26% 1.01% 1.00%
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST(4)
Franklin Small Cap Fund--Class 2 0.53% 0.25% 0.28% 1.06% 1.02%

SUMMARY OF CONTRACT EXPENSES CONTINUED

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY

ANNUAL MUTUAL FUND EXPENSES (CONTINUED) (AFTER REIMBURSEMENT, IF ANY):

AS A PERCENTAGE OF EACH PORTFOLIO'S AVERAGE DAILY NET ASSETS

INVESTMENT 12-B1 OTHER TOTAL CONTRACT TOTAL ACTUAL
MANAGEMENT FEE FEE EXPENSES EXPENSES EXPENSES*
-------------- ----- -------- -------------- ------------

JANUS ASPEN SERIES--INSTITUTIONAL SHARES(5)
Growth Portfolio 0.65% N/A 0.02% 0.67% 0.67%
International Growth Portfolio 0.65% N/A 0.06% 0.71% 0.71%
MFS VARIABLE INSURANCE TRUST(6)
Emerging Growth Series 0.75% N/A 0.10% 0.85% 0.84%
Research Series 0.75% N/A 0.10% 0.85% 0.84%
OCC ACCUMULATION TRUST
Managed Portfolio 0.78% N/A 0.08% 0.86% 0.86%
Small Cap Portfolio 0.80% N/A 0.10% 0.90% 0.90%
T. ROWE PRICE(2)
Equity Series--Equity Income Portfolio 0.85% N/A 0.00% 0.85% 0.85%
International Series--International Stock Portfolio 1.05% N/A 0.00% 1.05% 1.05%
Global Post-Venture Capital Portfolio 1.25% N/A 0.28% 1.53% 1.40%

* REFLECTS THE EFFECT OF MANAGEMENT FEE WAIVERS AND REIMBURSEMENT OF
EXPENSES, IF ANY. SEE NOTES ON PAGE 10.

** EACH ASSET ALLOCATION PORTFOLIO INVESTS IN SHARES OF OTHER SERIES FUND
PORTFOLIOS. THE ADVISORY FEES FOR THE ASSET ALLOCATION PORTFOLIOS DEPICTED
ABOVE ARE THE PRODUCT OF A BLEND OF THE FEES OF THOSE OTHER FUND
PORTFOLIOS, PLUS A 0.05% ANNUAL ADVISORY FEE PAYABLE TO PIFM. THE "EXPENSES
EXAMPLES" ON THE FOLLOWING PAGES ARE CALCULATED USING THE TOTAL ACTUAL
EXPENSES.

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY

Expense Examples

THESE EXAMPLES WILL HELP YOU COMPARE THE FEES AND EXPENSES OF THE DIFFERENT
VARIABLE INVESTMENT OPTIONS OFFERED BY DISCOVERY SELECT. YOU CAN ALSO USE THE
EXAMPLES TO COMPARE THE COST OF DISCOVERY SELECT WITH OTHER VARIABLE ANNUITY
CONTRACTS.

EXAMPLE 1: IF YOU WITHDRAW YOUR ASSETS

Example 1 assumes that you invest $10,000 in Discovery Select and that you
allocate all of your assets to one of the variable investment options and
withdraw all your assets at the end of the time period indicated. The example
also assumes that your investment has a 5% return each year and that the mutual
fund's operating expenses remain the same. Your actual costs may be higher or
lower.

EXAMPLE 2: IF YOU DO NOT WITHDRAW YOUR ASSETS

Example 2 assumes that you invest $10,000 in Discovery Select and allocate all
of your assets to one of the variable investment options and DO NOT WITHDRAW any
of your assets at the end of the time period indicated. The example also assumes
that your investment has a 5% return each year and that the mutual fund's
operating expenses remain the same. Your actual costs may be higher or lower.

On the following page are examples of what your costs would be using these
assumptions.

NOTES FOR ANNUAL MUTUAL FUND

EXPENSES:

THESE EXAMPLES SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN.

THE CHARGES SHOWN IN THE 10 YEAR COLUMN ARE THE SAME FOR EXAMPLE 1 AND EXAMPLE
2. THIS IS BECAUSE AFTER 10 YEARS, THE WITHDRAWAL CHARGES ARE NO LONGER DEDUCTED
BY US WHEN YOU MAKE A WITHDRAWAL OR WHEN YOU BEGIN THE INCOME PHASE OF YOUR
CONTRACT.

IF YOUR CONTRACT VALUE IS LESS THAN $50,000, ON YOUR CONTRACT ANNIVERSARY (AND
UPON A SURRENDER), WE DEDUCT A $30 FEE. THE EXAMPLES USE AN AVERAGE NUMBER AS
THE AMOUNT OF THE ANNUAL CONTRACT FEE. THIS AMOUNT WAS CALCULATED BY TAKING THE
TOTAL ANNUAL CONTRACT FEES COLLECTED IN 2000 AND THEN DIVIDING THAT NUMBER BY
THE TOTAL ASSETS ALLOCATED TO THE VARIABLE INVESTMENT OPTIONS. BASED ON THIS
CALCULATION THE ANNUAL CONTRACT FEE IS INCLUDED AS AN ANNUAL CHARGE OF .023% OF
CONTRACT VALUE.

YOUR ACTUAL FEES WILL VARY BASED ON THE AMOUNT OF YOUR CONTRACT AND YOUR
SPECIFIC ALLOCATION(S). A TABLE OF ACCUMULATION UNIT VALUES OF INTERESTS IN EACH
VARIABLE INVESTMENT OPTION APPEARS ON PAGE 38. CHARGES FOR PREMIUM TAXES ARE NOT
REFLECTED IN THESE EXAMPLES.

PREMIUM TAXES MAY APPLY DEPENDING ON THE STATE WHERE YOU LIVE.

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY
EXPENSE EXAMPLES 1 AND 2

EXAMPLE 2:
EXAMPLE 1: IF YOU DO NOT WITHDRAW YOUR
IF YOU WITHDRAW YOUR ASSETS ASSETS
----------------------------- -----------------------------
1 YR 3 YRS 5 YRS 10 YRS 1 YR 3 YRS 5 YRS 10 YRS
---- ----- ----- ------ ---- ----- ----- ------

THE PRUDENTIAL SERIES FUND
Diversified Bond Portfolio $821 $1130 $1374 $2197 $191 $590 $1014 $2197
Diversified Conservative Growth Portfolio $869 $1275 $1619 $2692 $239 $735 $1259 $2692
Equity Portfolio $825 $1142 $1395 $2239 $195 $602 $1035 $2239
Global Portfolio $861 $1251 $1578 $2612 $231 $711 $1218 $2612
High Yield Bond Portfolio $836 $1175 $1451 $2355 $206 $635 $1091 $2355
Money Market Portfolio $820 $1127 $1369 $2187 $190 $587 $1009 $2187
Prudential Jennison Portfolio $840 $1188 $1472 $2396 $210 $648 $1112 $2396
Small Capitalization Stock Portfolio $824 $1139 $1390 $2229 $194 $599 $1030 $2229
Stock Index Portfolio $815 $1111 $1343 $2133 $185 $571 $ 983 $2133
Value Portfolio $821 $1130 $1374 $2197 $191 $590 $1014 $2197
20/20 Focus Portfolio $864 $1260 $1593 $2642 $234 $720 $1233 $2642
SP Aggressive Growth Asset Allocation Portfolio $880 $1359 $1721 $2843 $250 $819 $1361 $2843
SP Alliance Technology Portfolio $906 $1336 $1755 $3016 $276 $796 $1395 $3018
SP Balanced Asset Allocation Portfolio $868 $1346 $1684 $2742 $238 $806 $1324 $2742
SP Conservative Asset Allocation Portfolio $863 $1267 $1598 $2640 $233 $727 $1238 $2640
SP Growth Asset Allocation Portfolio $873 $1268 $1620 $2717 $243 $728 $1260 $2717
SP INVESCO Small Company Growth Portfolio $891 $1306 $1695 $2884 $261 $766 $1335 $2884
SP Jennison International Growth Portfolio $900 $1351 $1757 $2985 $270 $811 $1397 $2985
SP Large Cap Value Portfolio $866 $1333 $1666 $2716 $236 $793 $1306 $2716
SP MFS Capital Opportunities Portfolio $876 $1277 $1635 $2747 $246 $737 $1275 $2747
SP MFS Mid-Cap Growth Portfolio $876 $1296 $1654 $2763 $246 $756 $1294 $2763
SP PIMCO Total Return Portfolio $852 $1271 $1578 $2558 $222 $731 $1218 $2558
SP Prudential U.S. Emerging Growth Portfolio $866 $1239 $1577 $2640 $238 $699 $1217 $2640
SP Small/Mid Cap Value Portfolio $881 $1282 $1651 $2789 $251 $742 $1291 $2789
SP Strategic Partners Focused Growth Portfolio $877 $1307 $1666 $2779 $247 $767 $1306 $2779
AIM VARIABLE INSURANCE FUNDS
AIM V.I. Growth and Income Fund $860 $1248 $1573 $2602 $230 $708 $1213 $2602
AIM V.I. Value Fund $860 $1248 $1573 $2602 $230 $708 $1213 $2602
ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC.
Alliance Premier Growth Portfolio--Class B $906 $1386 $1803 $3057 $276 $846 $1443 $3057
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
American Century VP Value $876 $1296 $1654 $2763 $246 $756 $1294 $2763
CREDIT SUISSE WARBURG PINCUS TRUST
Global Post-Venture Capital Portfolio $918 $1422 $1862 $3172 $288 $882 $1502 $3172
DAVIS VARIABLE ACCOUNT FUND, INC.
Davis Value Fund $876 $1296 $1654 $2763 $246 $756 $1294 $2763
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
Franklin Small Cap Fund--Class 2 $878 $1302 $1664 $2783 $248 $762 $1304 $2783

THIS CHART CONTINUES ON THE NEXT PAGE

PART I

DISCOVERY SELECT PROSPECTUS SUMMARY

EXPENSE EXAMPLES 1 AND 2 (CONTINUED)

JANUS ASPEN SERIES
Growth Portfolio $843 $1197 $1487 $2427 $213 $657 $1127 $2427
International Growth Portfolio $847 $1209 $1507 $2469 $217 $669 $1147 $2469
MFS VARIABLE INSURANCE TRUST
Emerging Growth Series $860 $1248 $1573 $2602 $230 $708 $1213 $2602
Research Series $860 $1248 $1573 $2602 $230 $708 $1213 $2602
OCC ACCUMULATION TRUST
Managed Portfolio $862 $1254 $1583 $2622 $232 $714 $1223 $2622
Small Cap Portfolio $866 $1266 $1603 $2662 $236 $726 $1243 $2662
T. ROWE PRICE
Equity Series--Equity Income Portfolio $861 $1251 $1578 $2612 $231 $711 $1218 $2612
International Series--Int'l Stock Portfolio $881 $1311 $1679 $2812 $251 $771 $1319 $2812

THESE EXAMPLES DO NOT SHOW PAST OR FUTURE EXPENSES. ACTUAL EXPENSES FOR A
PARTICULAR YEAR MAY BE MORE OR LESS THAN SHOWN IN THE EXAMPLES.

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PART II SECTION 1-9

DISCOVERY SELECT PROSPECTUS

[ROCKWELL GRAPHIC]

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

WHAT IS THE DISCOVERY SELECT

VARIABLE ANNUITY?

THE DISCOVERY SELECT VARIABLE ANNUITY IS A CONTRACT BETWEEN YOU, THE OWNER, AND
US, THE INSURANCE COMPANY, PRUCO LIFE INSURANCE COMPANY (PRUCO LIFE, WE OR US).

Under our contract or agreement, in exchange for your payment to us, we promise
to pay you a guaranteed income stream that can begin any time after the first
contract anniversary (or as required by state law if different). Your annuity is
in the accumulation phase until you decide to begin receiving annuity payments.
The date you begin receiving annuity payments is the annuity date. On the
annuity date, your contract switches to the income phase.

THIS ANNUITY CONTRACT BENEFITS FROM TAX DEFERRAL. Tax deferral means that you
are not taxed on earnings or appreciation on the assets in your contract until
you withdraw money from your contract.

DISCOVERY SELECT IS A VARIABLE ANNUITY CONTRACT. This means that during the
accumulation phase, you can allocate your assets among 40 variable investment
options as well as 3 guaranteed interest-rate options. (If your contract was
issued in Maryland, Oregon or Washington, the market value adjustment option is
not available to you.) If you select a variable investment option, the amount of
money you are able to accumulate in your contract during the accumulation phase
depends upon the investment performance of the mutual fund associated with that
variable investment option. Because the mutual funds' portfolios fluctuate in
value depending upon market conditions, your contract value can either increase
or decrease. This is important, since the amount of the annuity payments you
receive during the income phase depends upon the value of your contract at the
time you begin receiving payments.

AS MENTIONED ABOVE, DISCOVERY SELECT ALSO CONTAINS THREE GUARANTEED
INTEREST-RATE OPTIONS: a fixed-rate option, a dollar cost averaging option, and
a market-value adjustment option. The fixed-rate option offers an interest rate
that is guaranteed by us for one year and will always be at least 3.0% per year.
The dollar cost averaging option offers an interest rate that is guaranteed by
us for a selected period during which periodic transfers are made to selected
variable investment options. The market-value adjustment option guarantees a
stated interest rate, generally higher than the fixed-rate option. However, in
order to get the full benefit of the stated interest rate, assets in this option
must be held for a seven-year period. (The market-value adjustment option is not
available if your contract was issued in Maryland, Oregon or Washington.)

AS THE OWNER OF THE CONTRACT, YOU HAVE ALL OF THE DECISION-MAKING RIGHTS UNDER
THE CONTRACT. You will also be the annuitant unless you designate someone else.
The annuitant(s) is the person upon whose death during the accumulation phase,
the death benefit is payable. The annuitant is the person who receives the
annuity payments when the income phase begins. The annuitant is also the person
whose life is used to determine how much and how long these payments will
continue. On and after the annuity date, the annuitant is the owner and may not
be changed. The beneficiary becomes the owner when a death benefit is payable.

THE BENEFICIARY IS: the person(s) or entity designated to receive any death
benefit if the annuitant(s) dies during the accumulation phase. You may change
the beneficiary any time prior to the annuity date by making a written request
to us. Your request becomes effective when we approve it.

SHORT TERM CANCELLATION RIGHT OR "FREE LOOK"

If you change your mind about owning Discovery Select, you may cancel your
contract within 10 days after receiving it (or whatever period is required by
applicable law). You can request a refund by returning the contract either to
the representative who sold it to you, or to the Prudential Annuity Service
Center at the address shown on the first page of this prospectus. You will
receive, depending on applicable law:

.. Your full purchase payment; or

.. The amount your contract is worth as of the day we receive your request.
This amount may be more or less than your original payment.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

WHAT INVESTMENT OPTIONS

CAN I CHOOSE?

THE CONTRACT GIVES YOU THE CHOICE OF ALLOCATING YOUR PURCHASE PAYMENTS TO ANY
ONE OR MORE OF 40 VARIABLE INVESTMENT OPTIONS, AS WELL AS THREE GUARANTEED
INTEREST-RATE OPTIONS.

The 40 variable investment options invest in mutual funds managed by leading
investment advisors. Each of these mutual funds has a separate prospectus that
is provided with this prospectus. You should read the mutual fund prospectus
before you decide to allocate your assets to the variable investment option
using that fund.

VARIABLE INVESTMENT OPTIONS

Listed below are the mutual funds in which the variable investment options
invest. Depending on the terms of your contract, not all of these options may be
available to you. Each variable investment option has a different investment
objective.

THE PRUDENTIAL SERIES FUND, INC.

.. Diversified Bond Portfolio

.. Diversified Conservative Growth Portfolio

.. Equity Portfolio

.. Global Portfolio

.. High Yield Bond Portfolio

.. Money Market Portfolio

.. Prudential Jennison Portfolio (domestic equity)

.. Stock Index Portfolio

.. Small Capitalization Stock Portfolio

.. Value Portfolio (domestic equity) (formerly Equity Income Portfolio)

.. 20/20 Focus Fund (domestic equity)

.. SP Aggressive Growth Asset Allocation Portfolio

.. SP Alliance Technology Portfolio

.. SP Balanced Asset Allocation Portfolio

.. SP Conservative Asset Allocation Portfolio

.. SP Growth Asset Allocation Portfolio

.. SP INVESCO Small Company Growth Portfolio

.. SP Jennison International Growth Portfolio

.. SP Large Cap Value Portfolio

.. SP MFS Capital Opportunities Portfolio

.. SP MFS Mid-Cap Growth Portfolio

.. SP PIMCO Total Return Portfolio

.. SP Prudential U.S. Emerging Growth Portfolio

.. SP Small/Mid Cap Value Portfolio

.. SP Strategic Partners Focused Growth Portfolio

THE PRUDENTIAL SERIES FUND, INC. IS MANAGED BY PRUDENTIAL INVESTMENTS FUND
MANAGEMENT LLC ("PIFM"), A PRUDENTIAL SUBSIDIARY, THROUGH SUBADVISERS THAT PIFM
EMPLOYS BY USING A MANAGER-OF-MANAGERS APPROACH. PRUDENTIAL INVESTMENT
MANAGEMENT, INC., ALSO A PRUDENTIAL SUBSIDIARY, SERVES AS SUBADVISER TO THE
DIVERSIFIED BOND PORTFOLIO, THE FIXED INCOME SLEEVE OF THE DIVERSIFIED
CONSERVATIVE GROWTH PORTFOLIO, THE HIGH YIELD BOND PORTFOLIO, THE MONEY MARKET
PORTFOLIO, THE SMALL CAPITALIZATION STOCK PORTFOLIO, AND THE STOCK INDEX
PORTFOLIO. JENNISON ASSOCIATES LLC, ALSO A PRUDENTIAL SUBSIDIARY, SERVES AS
SUBADVISER TO THE GROWTH AND VALUE SLEEVES OF THE DIVERSIFIED CONSERVATIVE
GROWTH PORTFOLIO, THE EQUITY PORTFOLIO, THE GLOBAL PORTFOLIO, THE PRUDENTIAL
JENNISON PORTFOLIO, THE VALUE PORTFOLIO, THE 20/20 FOCUS PORTFOLIO, THE SP
JENNISON INTERNATIONAL GROWTH PORTFOLIO, THE SP PRUDENTIAL U.S. EMERGING GROWTH
PORTFOLIO AND A PORTION OF THE SP STRATEGIC PARTNERS FOCUSED GROWTH PORTFOLIO.

FRANKLIN ADVISERS, INC., THE DREYFUS CORPORATION AND PACIFIC INVESTMENT

MANAGEMENT COMPANY ALSO EACH MANAGE A PORTION OF THE DIVERSIFIED CONSERVATIVE
GROWTH PORTFOLIO. GE ASSET MANAGEMENT INCORPORATED AND SALOMON BROTHERS ASSET
MANAGEMENT INC. EACH MANAGE A PORTION OF THE EQUITY PORTFOLIO. DEUTSCHE ASSET
MANAGEMENT INC. AND VICTORY CAPITAL MANAGEMENT INC. EACH MANAGE A PORTION OF THE
VALUE PORTFOLIO. ALLIANCE CAPITAL MANAGEMENT, L.P. SERVES AS SUBADVISER TO THE
SP ALLIANCE TECHNOLOGY PORTFOLIO AND A PORTION OF THE ASSETS OF THE SP STRATEGIC
PARTNERS FOCUSED GROWTH PORTFOLIO. INVESCO FUNDS GROUP, INC. SERVES AS
SUBADVISER TO THE SP INVESCO SMALL COMPANY GROWTH PORTFOLIO. FIDELITY MANAGEMENT
AND RESEARCH COMPANY SERVES AS SUBADVISER TO THE SP LARGE CAP VALUE PORTFOLIO
AND THE SP SMALL/MID CAP VALUE PORTFOLIO. MASSACHUSETTS FINANCIAL SERVICES
COMPANY SERVES AS SUBADVISER TO THE SP MFS CAPITAL OPPORTUNITIES PORTFOLIO AND
THE SP MFS MID-CAP GROWTH PORTFOLIO. PACIFIC INVESTMENT MANAGEMENT COMPANY
SERVES AS SUBADVISER TO THE SP PIMCO TOTAL RETURN PORTFOLIO. EACH OF THE ASSET
ALLOCATION PORTFOLIOS IS MANAGED SOLELY BY PIFM.

AIM VARIABLE INSURANCE FUNDS

.. AIM V.I. Growth and Income Fund

.. AIM V.I. Value Fund

AIM ADVISORS, INC. SERVES AS INVESTMENT ADVISER TO BOTH OF THESE FUNDS.

ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC.

.. Alliance Premier Growth Portfolio

ALLIANCE CAPITAL MANAGEMENT L.P. IS THE INVESTMENT ADVISER OF THE ALLIANCE
VARIABLE PRODUCTS SERIES FUND.

WHAT INVESTMENT OPTIONS CAN I CHOOSE? CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

.. American Century VP Value

AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. IS THE INVESTMENT ADVISER FOR
AMERICAN CENTURY VP VALUE.

CREDIT SUISSE WARBURG PINCUS TRUST

.. Global Post-Venture Capital Portfolio

CREDIT SUISSE ASSET MANAGEMENT, LLC SERVES AS INVESTMENT ADVISER AND ABBOTT
CAPITAL MANAGEMENT, L.P. SERVES AS SUB-INVESTMENT ADVISE FOR THAT PORTION OF THE
GLOBAL POST-VENTURE CAPITAL PORTFOLIO ALLOCATED TO PRIVATE LIMITED PARTNERSHIPS
OR OTHER INVESTMENT FUNDS.

DAVIS VARIABLE ACCOUNT FUND, INC.

.. Davis Value Portfolio

DAVIS SELECTED ADVISERS, L.P. IS THE INVESTMENT ADVISER AND DAVIS SELECTED
ADVISERS-NY, INC. IS SUB-ADVISER TO THE DAVIS VALUE PORTFOLIO.

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

.. Franklin Small Cap Fund--Class 2

FRANKLIN ADVISERS, INC. IS THE INVESTMENT MANAGER FOR THIS PORTFOLIO OF THE
TEMPLETON VARIABLE PRODUCTS SERIES FUND.

JANUS ASPEN SERIES

.. Growth Portfolio

.. International Growth Portfolio

JANUS CAPITAL CORPORATION SERVES AS INVESTMENT ADVISER TO THE GROWTH PORTFOLIO
AND THE INTERNATIONAL GROWTH PORTFOLIO.

MFS VARIABLE INSURANCE TRUST

.. Emerging Growth Series

.. Research Series (long-term growth and future income)

MASSACHUSETTS FINANCIAL SERVICES COMPANY, A DELAWARE CORPORATION, IS THE
INVESTMENT ADVISER TO THE EMERGING GROWTH SERIES AND THE RESEARCH SERIES.

OCC ACCUMULATION TRUST

.. Managed Portfolio (equity)

.. Small Cap Portfolio

OPCAP ADVISORS IS THE INVESTMENT ADVISER TO THE MANAGED PORTFOLIO AND THE SMALL
CAP PORTFOLIO.

T. ROWE PRICE

.. T. Rowe Price Equity Series, Inc., Equity Income Portfolio

.. T. Rowe Price International Series, Inc., International Stock Portfolio

T. ROWE PRICE ASSOCIATES, INC. IS THE INVESTMENT MANAGER FOR THE EQUITY INCOME
PORTFOLIO AND ROWE PRICE-FLEMING INTERNATIONAL, INC. IS THE INVESTMENT MANAGER
FOR THE INTERNATIONAL STOCK PORTFOLIO.

Except for the Prudential Series Fund Inc., we are paid by the fund or an
affiliate of each fund for administrative and other services that we provide.
The amount we receive is based on an annual percentage of the average assets of
Discovery Select invested in the fund held by the associated variable investment
option.

FIXED INTEREST-RATE OPTIONS

We offer three interest-rate options: a one-year fixed-rate option, a dollar
cost averaging fixed interest-rate option ("DCA Fixed Option"), and a
market-value adjustment option (not available in Maryland, Oregon or
Washington). We set a one year guaranteed annual interest rate that is always
available for the one-year fixed-rate option. For the DCA Fixed Option, the
interest rate is guaranteed for the applicable period of time for which
transfers are made. For the market-value adjustment option, we set a seven-year
guaranteed interest rate.

When you select one of these options, your payment will earn interest at the
established rate for the applicable interest rate period. A new interest rate
period is established every time you allocate or transfer money into a fixed
interest-rate option. You may have money allocated in more than one interest
rate period at the same time. This could result in your money earning interest
at different rates and each interest rate period maturing at a different time.
While these interest rates may change from time to time, the minimum rate will
never be less than 3.0%.

Payments that you apply to either of the fixed interest-rate options become part
of Pruco Life's general assets. As a result, the strength of the interest
guarantees is based on the overall financial strength of

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

Pruco Life. If Pruco Life suffered a material financial set back, the ability of
Pruco Life to meet its financial obligations could be affected.

MARKET-VALUE ADJUSTMENT

If you transfer or withdraw assets or annuitize from the market-value adjustment
option before an interest rate period is over, the assets will be subject to a
market-value adjustment. The market-value adjustment may increase or decrease
the amount being withdrawn or transferred and may be substantial. The
adjustment, whether up or down will never be greater than 40%. The amount of the
market-value adjustment is based on the difference between the:

1) Guaranteed interest rate for the amount you are withdrawing or
transferring; and

2) Interest rate that is in effect on the date of the withdrawal or transfer.

The amount of time left in the interest rate period is also a factor. You will
find a detailed description of how the market-value adjustment is calculated on
page 42 of this prospectus. (For contracts issued in Pennsylvania, the
description is on page 44.)

DCA Fixed Option You may allocate all or part of your first purchase payment to
the DCA Fixed Option. Under this option, you automatically transfer amounts over
a stated period (currently, six or twelve months) from the DCA Fixed Option to
the variable investment options you select. We will invest the assets you
allocate to the DCA Fixed Option in our general account until they are
transferred. You may not transfer from other investment options to the DCA Fixed
Option. Currently, you may only allocate all or a portion of your initial
invested purchase payment to the DCA Fixed Option. In the future, we may permit
you to allocate subsequent purchase payments to the DCA Fixed Options as well
under certain circumstances.

If you choose the DCA Fixed Option, you must allocate a minimum of $5,000 to it.
The first periodic transfer will occur on the date you allocate your purchase
payment to the DCA Fixed Option. Subsequent transfers will occur on the monthly
anniversary of the first transfer. Currently, you may choose to have the
purchase payment allocated to the DCA Fixed Option transfer in either six or
twelve monthly installments, and you may not change that number after you have
chosen the DCA Fixed Option. (In the future, we may make available other numbers
of transfers and other transfer schedules--for example, quarterly as well as
monthly.) If you choose a 6-payment transfer schedule, each transfer generally
will equal 1/6th of the amount you allocated to the DCA Fixed Option, and if you
choose a 12-payment transfer schedule, each transfer generally will equal 1/12th
of the amount you allocated to the DCA Fixed Option. In either case, the final
transfer amount generally will also include the credited interest. You may
change at any time the variable investment options into which to transfer the
DCA Fixed Option assets. Transfers from the DCA Fixed Option do not count toward
the maximum number of free transfers allowed under the contract.

If you make a withdrawal or have a fee assessed from your contract, and all or
part of that withdrawal or fee comes out of the DCA Fixed Option, we will
recalculate the periodic transfer amount to reflect the change. This
recalculation may include some or all of the interest credited to the date of
the next scheduled transfer. If a withdrawal or fee assessment reduces the
monthly transfer amount below $100, we will transfer the remaining balance in
the DCA Fixed Option on the next scheduled transfer date.

By investing amounts on a regular schedule instead of investing the total amount
at one time, the DCA Fixed Option may decrease the effect of market fluctuations
on the investment of your purchase payment. Of course, dollar cost averaging
cannot ensure a profit or protect against a loss in declining markets.

TRANSFERS AMONG OPTIONS

You can transfer money among the variable investment options and the fixed
interest-rate options. Your transfer request may be made by telephone,
electronically, or otherwise in paper form to the Prudential Annuity Service
Center (electronic transfer capability will become available during 2001). Only
two transfers per month may be made by telephone or electronically.

WHAT INVESTMENT OPTIONS CAN I CHOOSE? CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

After that, all transfer requests must be in writing with an original signature.
We have procedures in place to confirm that instructions received by telephone
or electronically are genuine. We will not be liable for following telephone or
electronic instructions that we reasonably believe to be genuine. Your transfer
request will take effect at the end of the business day on which it was
received. Our business day usually closes, at 4:00 p.m. Eastern time.

YOU CAN MAKE TRANSFERS OUT OF A FIXED INTEREST-RATE OPTION OTHER THAN THE DCA
FIXED OPTION, ONLY DURING THE 30-DAY PERIOD FOLLOWING THE END OF AN INTEREST
RATE PERIOD. IF YOU TRANSFER MONEY FROM A MARKET-VALUE ADJUSTMENT OPTION AFTER
THE 30-DAY PERIOD HAS ENDED, THE MONEY WILL BE SUBJECT TO A MARKET-VALUE
ADJUSTMENT. TRANSFERS FROM THE DCA FIXED OPTION ARE MADE ON A PERIODIC BASIS FOR
THE PERIOD THAT YOU SELECT.

During the contract accumulation phase, you can make 12 transfers each contract
year, among the investment options, without charge. If you make more than 12
transfers in one contract year, you will be charged $25 for each additional
transfer. (Dollar Cost Averaging and Auto-Rebalancing transfers do not count
toward the 12 free transfers per year.)

MARKET TIMING

The Contract was not designed for market timing or for persons that make
programmed, large, or frequent transfers. Because market timing and similar
trading practices generally are disruptive to the Separate Account and the
underlying mutual funds, we monitor Contract transactions in an effort to
identify such trading practices. If we detect those practices, we reserve the
right to reject a proposed transaction and to modify the Contract's transfer
procedures. For example, we may decide not to accept the transfer requests of an
agent acting under a power of attorney on behalf of more than one
Contractholder.

OTHER AVAILABLE FEATURES

DOLLAR COST AVERAGING FEATURE

The dollar cost averaging (DCA) feature is distinct from the DCA Option. It is a
feature which allows you to systematically transfer either a fixed dollar amount
or a percentage out of any variable investment option or the one-year fixed
interest-rate option and into any variable investment option(s). You can
transfer money to more than one variable investment option. The investment
option used for the transfers is designated as the DCA account. If this feature
is elected, your assets are not allocated to the DCA Option. You can have these
automatic transfers made from the DCA account monthly, quarterly, semiannually
or annually. By allocating amounts on a regular schedule instead of allocating
the total amount at one particular time, you may be less susceptible to the
impact of market fluctuations. Of course, there is no guarantee that dollar cost
averaging will ensure a profit or protect against a loss in declining markets.

Transfers must be at least $100 from your DCA account. After that, transfers
will continue automatically until the entire amount in your DCA account has been
transferred or until you tell us to discontinue the transfers. If your DCA
account balance drops below $100, the entire remaining balance of the account
will be transferred on the next transfer date. You can allocate subsequent
purchase payments to re-open the DCA account at any time.

Your transfers will be made on the last calendar day of each transfer period you
have selected, provided that the New York Stock Exchange is open on that date.
If the New York Stock Exchange is not open on a particular transfer date, the
transfer will take effect on the next business day.

Any transfers you make because of dollar cost averaging are not counted toward
the 12 free transfers you are allowed per year. This feature is available only
during the contract accumulation phase.

ASSET ALLOCATION PROGRAM

We recognize the value of having advice when deciding on the allocation of your
money. If you choose to

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DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

participate in the Asset Allocation Program, your financial professional will
give you a questionnaire to complete that will help determine a program that is
appropriate for you. Your asset allocation will be prepared based on your
answers to the questionnaire. You will not be charged for this service and you
are not obligated to participate or to invest according to program
recommendations.

AUTO-REBALANCING

Once your money has been allocated among the variable investment options, the
actual performance of the investment options may cause your allocation to shift.
For example, an investment option that initially holds only a small percentage
of your assets could perform much better than another investment option. Over
time, this option could increase to a larger percentage of your assets than you
desire. You can direct us to automatically rebalance your assets to return to
your original allocation or to change allocations by selecting the
Auto-Rebalancing feature. The fixed interest-rate options and the DCA account
cannot participate in this feature.

Your rebalancing will be done monthly, quarterly, semiannually or annually based
on your choice. The rebalancing will be done on the last calendar day of the
period you have chosen, provided that the New York Stock Exchange is open on
that date. If the New York Stock Exchange is not open on that date, the
rebalancing will take effect on the next business day.

Any transfers you make because of Auto-Rebalancing are not counted toward the 12
free transfers you are allowed per year. This feature is available only during
the contract accumulation phase. If you choose auto-rebalancing and dollar cost
averaging, auto-rebalancing will take place after the transfers from your DCA
account.

VOTING RIGHTS

We are the legal owner of the shares in the mutual funds associated with the
variable investment options. However, we vote the shares of the mutual funds
according to voting instructions we receive from contractowners. We will mail
you a proxy which is a form you need to complete and return to us to tell us how
you wish us to vote. When we receive those instructions, we will vote all of the
shares we own on your behalf in accordance with those instructions. We will vote
the shares for which we do not receive instructions, and any other shares that
we own in our own right, in the same proportion as the shares for which
instructions are received. We may change the way your voting instructions are
calculated if it is required by federal or state regulation.

SUBSTITUTION

We may substitute one or more of the mutual funds used by the variable
investment options. We may also cease to allow investments in existing funds. We
would do this only if events such as investment policy changes or tax law
changes make the mutual fund unsuitable. We would not do this without the
approval of the Securities and Exchange Commission and necessary state insurance
department approvals. You will be given specific notice in advance of any
substitution we intend to make.

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DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE

INCOME PHASE? (ANNUITIZATION)

PAYMENT PROVISIONS

We can begin making annuity payments any time after the first contract
anniversary (or as required by state law if different). Annuity payments must
begin no later than the contract anniversary that coincides with or follows the
annuitant's 90th birthday.

We make the income plans described below available at any time before the
annuity date. These plans are called annuity options. During the income phase,
all of the annuity options under this contract are fixed annuity options. This
means that your participation in the variable investment options ends on the
annuity date. If an annuity option is not selected by the annuity date, the
Interest Payment Option (Option 3, described below) will automatically be
selected unless prohibited by applicable law. ONCE THE ANNUITY PAYMENTS BEGIN,
THE ANNUITY OPTION CAN NOT BE CHANGED.

OPTION 1

ANNUITY PAYMENTS FOR A FIXED PERIOD

Under this option, we will make equal payments for the period chosen, up to 25
years. The annuity payments may be made monthly, quarterly, semiannually, or
annually for as long as the annuitant is alive. If the annuitant dies during the
income phase, a lump sum payment will be made to the beneficiary. The amount of
the lump sum payment is determined by calculating the present value of the
unpaid future payments. This is done by using the interest rate used to compute
the actual payments. The interest rate used will always be at least 3.50% a
year. For payment periods of 10 years or more, we will waive any withdrawal
charge that otherwise would have been applied.

OPTION 2

LIFE ANNUITY WITH 120 PAYMENTS (10 YEARS) CERTAIN

Under this option, we will make annuity payments monthly, quarterly,
semiannually, or annually as long as the annuitant is alive. If the annuitant
dies before we have made 10 years worth of payments, we will pay the beneficiary
the present value of the remaining annuity payments in one lump sum unless we
are specifically instructed that the remaining monthly annuity payments continue
to be paid to the beneficiary. The present value of the remaining annuity
payments is calculated by using the interest rate used to compute the amount of
the original 120 payments. The interest rate used will always be at least 3.50%
a year.

OPTION 3

INTEREST PAYMENT OPTION

Under this option, we hold all or a portion of your contract value to accumulate
interest. We can make interest payments on a monthly, quarterly, semiannual, or
annual basis or allow the interest to accrue on your contract assets. If an
annuity option is not selected by the annuity date, this is the option we will
automatically select for you, unless prohibited by applicable law. Under this
option, we will pay you interest at an effective rate of at least 3.0% a year.
Under this option, all gain in the annuity will be taxable as of the annuity
date.

This option is not available if your contract is held in an Individual
Retirement Account.

OPTION 4

OTHER ANNUITY OPTIONS

We currently offer a variety of other annuity options not described above. At
the time annuity payments are chosen, we may make available any of the fixed
annuity options that are offered at your annuity date.

You should be aware that depending on your contract date and the annuity option
you choose, you may have to pay withdrawal charges.

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DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

WHAT IS THE

DEATH BENEFIT?

THE DEATH BENEFIT FEATURE PROTECTS THE VALUE OF THE CONTRACT FOR THE
BENEFICIARY.

BENEFICIARY

The beneficiary is the person(s) or entity you name to receive any death
benefit. The beneficiary is named at the time the contract is issued, unless you
change it at a later date. Unless an irrevocable beneficiary has been named, you
can change the beneficiary at any time before the annuitant or last surviving
annuitant dies.

CALCULATION OF THE DEATH BENEFIT

If the annuitant (or the last surviving annuitant, if there are co-annuitants)
dies during the accumulation phase, we will, upon receiving appropriate proof of
death and any other needed documentation, pay a death benefit to the beneficiary
designated by the contractowner. If death is prior to age 80, the beneficiary
will receive the greater of the following (as of the time we receive appropriate
proof of death):

.. Current value of your contract; or

.. Guaranteed Minimum Death Benefit--The Guaranteed Minimum Death Benefit is
the greater of:

1) The highest value of the contract on any contract anniversary date. This is
called the step-up value. Between anniversary dates, the step-up value is
only increased by additional purchase payments and reduced proportionally
by withdrawals; or

2) The "roll-up value" which is the total of all invested purchase payments
compounded daily at an effective annual rate of 5.0%, subject to a 200%
cap. Both the roll-up and the cap are reduced proportionally by
withdrawals.

If death occurs on or after age 80, the beneficiary will receive the greater of:
1) the current contract value as of the date that due proof of death is
received, and 2) the Guaranteed Minimum Death Benefit as of age 80, increased by
additional purchase payments, and reduced proportionally by withdrawals. For
this purpose, an annuitant is deemed to reach age 80 on the contract anniversary
on or following the annuitant's actual 80th birthday.

If the sole or older annuitant is age 80 or older at the time the contract is
issued, upon death, the beneficiary will receive, as of the date that due proof
of death is received, the greater of: 1) current contract value; or 2) the total
purchase payments reduced proportionally by withdrawals.

Here is an example of a proportional reduction:

If an owner withdrew 50% of a contract valued at $100,000 and if the step-up
value was $80,000, the new step-up value following the withdrawal would be
$40,000 or 50% of what it had been prior to the withdrawal.

If the contractowner and annuitant are not the same, the death benefit is
payable only in the event of the death of a sole annuitant or last surviving
annuitant, not the death of the contractowner.

Certain terms of this death benefit are limited in Oregon. This death benefit
was enhanced in January, 1998, to provide for the Guaranteed Minimum Death
Benefit. Certain contractowners must have elected an endorsement in order for
this enhanced death benefit to apply. See the Statement of Additional
Information (SAI) for details.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

HOW CAN I PURCHASE A

DISCOVERY SELECT CONTRACT?

PURCHASE PAYMENTS

A purchase payment is the amount of money you give us to purchase the contract.
The minimum purchase payment is $10,000. You can make additional purchase
payments of at least $1,000 or more at any time during the accumulation phase.
You must get our prior approval for any purchase payments over $5 million.

ALLOCATION OF PURCHASE PAYMENTS

When you purchase a contract, we will allocate your purchase payment among the
variable investment options and the fixed interest-rate options based on the
percentages you choose. The percentage of your allocation to a specific
investment option can range in whole percentages from 0% to 100%. If, after the
initial invested purchase payment, we receive a purchase payment without
allocation instructions, we will allocate the corresponding invested purchase
payment in the same proportion as your most recent purchase payment (unless you
directed us to allocate that purchase payment on a one-time-only basis). (If you
allocated all or part of your initial purchase payment to the DCA Fixed Option
and do not change your allocation instructions, we will treat your allocation
instructions for the DCA Fixed Option as part of your allocation instructions
for all subsequent purchase payments.) You may submit an allocation change
request at any time. Contact the Prudential Annuity Service Center for details.

We will credit the initial purchase payment to your contract within two business
days from the day on which we receive your payment at the Prudential Annuity
Service Center. If, however, your first payment is made without enough
information for us to set up your contract, we may need to contact you to obtain
the required information. If we are not able to obtain this information within
five business days, we will within that five business day period either return
your purchase payment or obtain your consent to continue holding it until we
receive the necessary information. We will generally credit each subsequent
purchase payment as of the business day we receive it in good order at the
Prudential Annuity Service Center. Our business day generally closes at 4:00
p.m. Eastern time. We will generally credit subsequent purchase payments
received in good order after the close of a business day on the following
business day.

CALCULATING CONTRACT VALUE

The value of the variable portion of your contract will go up or down depending
on the investment performance of the variable investment option(s) you choose.
To determine the value of your contract, we use a unit of measure called an
accumulation unit. An accumulation unit works like a share of a mutual fund.

Every day we determine the value of an accumulation unit for each of the
variable investment options. We do this by:

1) Adding up the total amount of money allocated to a specific investment
option;

2) Subtracting from that amount insurance charges and any other applicable
charges; and

3) Dividing this amount by the number of outstanding accumulation units.

When you make a purchase payment, we credit your contract with accumulation
units relating to the variable investment options you have chosen. The number of
accumulation units credited to your contract is determined by dividing the
amount of the purchase payment allocated to an investment option by the unit
price of the accumulation unit for that investment option. We calculate the unit
price for each investment option after the New York Stock Exchange closes each
day and then credit your contract. The value of the accumulation units can
increase, decrease, or remain the same from day to day. The Accumulation Unit
Values chart provided on page 38 of this prospectus gives you more detailed
information about the accumulation units of the variable investment options.

We cannot guarantee that the value of your contract will increase or that it
will not fall below the amount of your total purchase payments. However, we do
guarantee a minimum interest rate of 3.0% a year on that portion of the contract
value allocated to the fixed interest-rate options.

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DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

WHAT ARE THE EXPENSES ASSOCIATED WITH THE

DISCOVERY SELECT CONTRACT?

THERE ARE CHARGES AND OTHER EXPENSES ASSOCIATED WITH THE CONTRACT THAT REDUCE
THE RETURN ON YOUR INVESTMENT. THESE CHARGES AND EXPENSES ARE DESCRIBED BELOW.

INSURANCE CHARGES

Each day, we make a deduction for insurance charges. The insurance charges have
two parts:

1) Mortality and expense risk charge

2) Administrative expense charge

1) MORTALITY AND EXPENSE RISK CHARGE

The mortality risk charge is for assuming the risk that the annuitant(s) will
live longer than expected based on our life expectancy tables. When this
happens, we pay a greater number of annuity payments. The expense risk charge is
for assuming that the current charges will be insufficient in the future to
cover the cost of administering the contract.

The mortality and expense risk charge is equal, on an annual basis, to 1.25% of
the daily value of the contract invested in the variable investment options,
after expenses have been deducted. This charge is not assessed against amounts
allocated to the fixed interest-rate options.

If the charges under the contract are not sufficient, then we will bear the
loss. We do, however, expect to profit from this charge. The mortality and
expense risk charge cannot be increased. Any profits made from this charge may
be used by us to pay for the costs of distributing the contracts.

2) ADMINISTRATIVE EXPENSE CHARGE

This charge is for the expenses associated with the administration of the
contract. The administration of the contract includes preparing and issuing the
contract, establishing and maintaining of contract records, issuing
confirmations and annual reports, personnel costs, legal and accounting fees,
filing fees, and systems costs.

This charge is equal, on an annual basis, to 0.15% of the daily value of the
contract invested in the variable investment options, after expenses have been
deducted.

ANNUAL CONTRACT FEE

During the accumulation phase, if your contract value is less than $50,000, we
will deduct $30 per contract year (this fee may differ in certain states). This
annual contract fee is used for administrative expenses and cannot be increased.
The $30 charge will be deducted proportionately from each of the contract's
investment options. This charge will also be deducted when you surrender your
contract if your contract value is less than $50,000.

WITHDRAWAL CHARGE

During the accumulation phase, you can make withdrawals from your contract. When
you make a withdrawal, money will be taken first from your purchase payments for
purposes of determining withdrawal charges. When your purchase payments have
been used up, then we will take the money from your earnings. You will not have
to pay any withdrawal charge when you withdraw your earnings.

The withdrawal charge is for the payment of the expenses involved in selling and
distributing the contracts, including sales commissions, printing of
prospectuses, sales administration, preparation of sales literature and other
promotional activities. If the contract is sold under circumstances that reduce
the sales expenses, we may reduce or eliminate the withdrawal charge. For
example, a large group of individuals purchasing contracts or an individual who
already has a relationship with the company may receive such a reduction.

You can withdraw up to 10% of your total purchase payments each contract year
without paying a withdrawal charge. This amount is referred to as the
"charge-free amount." If any of the charge-free amount is not used during a
contract year, it will be carried over to the next contract year. During the
first seven contract years, if your withdrawal of purchase payments is more than
the charge-free amount, a

WHAT ARE THE EXPENSES ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT? CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

withdrawal charge will be applied. This charge is based on your contract date.

The following table shows the percentage of withdrawal charges that would apply:

PERCENTAGE OF APPLICABLE WITHDRAWAL CHARGES

During contract year 1 7%
During contract year 2 6%
During contract year 3 5%
During contract year 4 4%
During contract year 5 3%
During contract year 6 2%
During contract year 7 1%
After that 0%

Note: As of the beginning of the contract year, you may withdraw up to 10% of
the total purchase payments plus any charge-free amount carried over from the
previous contract year without charge. There is no withdrawal charge on any
withdrawals made under the Critical Care Access Option, on any amount used to
provide income under the Life Annuity with 120 payments (10 years) Certain
Option or for a fixed period of 10 years or more. Surrender charges are waived
when a death benefit is paid. There will be a reduction in the withdrawal charge
for contracts issued to contractowners whose age at issue is 84 and older.

CRITICAL CARE ACCESS

We will allow you to withdraw money from the contract and waive any withdrawal
and annual contract fee, if the annuitant or the last surviving co-annuitant (if
applicable) becomes confined to an eligible nursing home or hospital for a
period of at least three consecutive months. You would need to provide us with
proof of the confinement. If a physician has certified that the annuitant or
last surviving co-annuitant is terminally ill (has six months or less to live)
there will be no charge imposed for withdrawals. Critical Care Access is not
available in all states. This option is not available to the contractowner if he
or she is not the annuitant.

TAXES ATTRIBUTABLE TO PREMIUM

There are federal, state and local premium based taxes applicable to your
purchase payment. We are responsible for the payment of these taxes and may make
a deduction from the value of the contract to pay some or all of these taxes.
Some of these taxes are due when the contract is issued, others are due when the
annuity payments begin. It is our current practice not to deduct a charge for
state premium taxes until annuity payments begin. In the states that impose a
premium tax, the current rates range up to 3.5%. It is also our current practice
not to deduct a charge for the federal deferred acquisition costs paid by us
that are based on premium received. However, we reserve the right to charge the
contract owner in the future for any such deferred acquisition costs and any
federal, state or local income, excise, business or any other type of tax
measured by the amount of premium received by us.

TRANSFER FEE

You can make 12 free transfers every contract year. If you make more than 12
transfers in a contract year (excluding Dollar Cost Averaging and
Auto-Rebalancing), we will deduct a transfer fee of $25 for each additional
transfer. We will deduct the transfer fee pro-rata from the investment options
from which the transfer is made. The transfer fee is deducted before the
market-value adjustment, if any is calculated.

COMPANY TAXES

We will pay the taxes on the earnings of the Separate Account. We are not
currently charging the Separate Account for taxes. We will periodically review
the issue of charging the Separate Account for these taxes, and may impose such
a charge in the future.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

HOW CAN I

ACCESS MY MONEY?

YOU CAN ACCESS YOUR MONEY BY:

.. MAKING A WITHDRAWAL (EITHER PARTIAL OR COMPLETE); OR

.. ELECTING TO RECEIVE ANNUITY PAYMENTS DURING THE INCOME PHASE.

YOU CAN MAKE WITHDRAWALS ONLY DURING THE ACCUMULATION PHASE

When you make a complete withdrawal, you will receive the value of your
contract, less any applicable charges. We will calculate the value of your
contract, and charges, if any, as of the date we receive your request in good
order at the Prudential Annuity Service Center.

Unless you tell us otherwise, any partial withdrawal will be made
proportionately from all of the affected investment options and interest-rate
options you have selected. You will need our consent to make a partial
withdrawal if the requested withdrawal is less than $500.

We will generally pay the withdrawal amount, less any required tax withholding,
within seven days after we receive a properly completed withdrawal request. We
will deduct applicable charges, and apply a market-value adjustment, if any,
from the assets in your contract.

INCOME TAXES, TAX PENALTIES AND CERTAIN RESTRICTIONS MAY APPLY TO ANY WITHDRAWAL
YOU MAKE. FOR A MORE COMPLETE EXPLANATION, SEE SECTION 8 OF THIS PROSPECTUS AND
THE TAX DISCUSSION IN THE STATEMENT OF ADDITIONAL INFORMATION.

AUTOMATED WITHDRAWALS

We offer an Automated Withdrawal feature. This feature enables you to receive
periodic withdrawals in monthly, quarterly, semiannual or annual intervals. We
will process your withdrawals at the end of the business day at the intervals
you specify. We will continue at these intervals until you tell us otherwise.

You can make withdrawals from any designated investment option or proportionally
from all investment options. Market-value adjustments may apply. Withdrawal
charges may be deducted if the withdrawals in any contract year are more than
the charge-free amount. The minimum automated withdrawal amount you can make is
$250.

INCOME TAXES, TAX PENALTIES AND CERTAIN RESTRICTIONS MAY APPLY TO AUTOMATED
WITHDRAWALS. FOR A MORE COMPLETE EXPLANATION, SEE SECTION 8 OF THIS PROSPECTUS
AND THE TAX DISCUSSION IN THE STATEMENT OF ADDITIONAL INFORMATION.

SUSPENSION OF PAYMENTS OR TRANSFERS

We may be required to suspend or postpone payments made in connection with
withdrawals or transfers for any period when:

.. The New York Stock Exchange is closed (other than customary weekend and
holiday closings);

.. Trading on the New York Stock Exchange is restricted;

.. An emergency exists, as determined by the SEC, during which sales of shares
of the mutual funds are not feasible or we cannot reasonably value the
accumulation units; or

.. The Securities and Exchange Commission, by order, permits suspension or
postponement of payments for the protection of owners.

We expect to pay the amount of any withdrawal or transfer made from the fixed
interest-rate options promptly upon request.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE

DISCOVERY SELECT CONTRACT?

The tax considerations associated with the Discovery Select contract vary
depending on whether the contract is (i) owned by an individual and not
associated with a tax-favored retirement plan, or (ii) held under a tax-favored
retirement plan. We discuss the tax considerations for these categories of
contracts below. The discussion is general in nature and describes only federal
income tax law (not state or other tax laws). It is based on current law and
interpretations, which may change. It is not intended as tax advice. A qualified
tax adviser should be consulted for complete information and advice.

CONTRACTS OWNED BY INDIVIDUALS (NOT ASSOCIATED WITH TAX FAVORED RETIREMENT
PLANS)

TAXES PAYABLE BY YOU

We believe the contract is an annuity contract for tax purposes. Accordingly, as
a general rule, you should not pay any tax until you receive money under the
contract.

Generally, annuity contracts issued by the same company (and affiliates) to you
during the same calendar year must be treated as one annuity contract for
purposes of determining the amount subject to tax under the rules described
below.

TAXES ON WITHDRAWALS AND SURRENDER

If you make a withdrawal from your contract or surrender it before annuity
payments begin, the amount you receive will be taxed as ordinary income, rather
than as return of purchase payments, until all gain has been withdrawn. You will
generally be taxed on any withdrawals from the Contract while you are alive even
if the withdrawal is paid to someone else.

If you assign or pledge all or part of your contract as collateral for a loan,
the part assigned will be treated as a withdrawal. Also, if you elect the
interest payment option, you will be treated, for tax purposes, as surrendering
your contract.

If you transfer your contract for less than full consideration, such as by gift,
you will trigger tax on the gain in the contract. This rule does not apply if
you transfer the contract to your spouse or under most circumstances if incident
to divorce.

TAXES ON ANNUITY PAYMENTS

A portion of each annuity payment you receive will be treated as a partial
return of your purchase payments and will not be taxed. The remaining portion
will be taxed as ordinary income. Generally, the nontaxable portion is
determined by multiplying the annuity payment you receive by a fraction, the
numerator of which is your purchase payments (less any amounts previously
received tax-free) and the denominator of which is the total expected payments
under the contract.

After the full amount of your purchase payments have been recovered tax-free,
the full amount of the annuity payments will be taxable. If annuity payments
stop due to the death of the annuitant before the full amount of your purchase
payments have been recovered, a tax deduction may be allowed for the unrecovered
amount.

TAX PENALTY ON WITHDRAWALS AND ANNUITY PAYMENTS

Any taxable amount you receive under your contract may be subject to a 10
percent tax penalty. Amounts are not subject to this tax penalty if:

.. the amount is paid on or after you reach age 59 1/2 or die;

.. the amount received is attributable to your becoming disabled;

.. the amount paid or received is in the form of level annuity payments not
less frequently than annually under a lifetime annuity; and

.. the amount received is paid under an immediate annuity contract (in which
annuity payments begin within one year of purchase).

If you modify the lifetime annuity payment stream (other than as a result of
death or disability) before you reach age 59 1/2 (or before the end of the five
year period beginning with the first payment and ending after you reach age 59
1/2), your tax for the year of modification will be increased by the penalty tax
that would have been imposed without the exception, plus interest for the
deferral.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

TAXES PAYABLE BY BENEFICIARIES

All of the death benefit options are subject to income tax to the extent the
distribution exceeds the adjusted basis in the contract and the full value of
the contract and the full value of the death benefit is included in the owner's
estate. Generally, the same tax rules apply to amounts received by your
beneficiary as those set forth above with respect to you. The election of an
annuity payment option instead of a lump sum death benefit may defer taxes.
Certain minimum distribution requirements apply upon your death, as discussed
further below.

WITHHOLDING OF TAX FROM DISTRIBUTIONS

Taxable amounts distributed from your annuity contracts are subject to tax
withholding. You may generally elect not to have tax withheld from your
payments. These elections must be made on the appropriate forms that we provide.

ANNUITY QUALIFICATION

DIVERSIFICATION AND INVESTOR CONTROL In order to qualify for the tax rules
applicable to annuity contracts described above, the contract must be an annuity
contract for tax purposes. This means that the assets underlying the annuity
contract must be diversified, according to certain rules. It also means that we,
and not you as the contract-owner, must have sufficient control over the
underlying assets to be treated as the owner of the underlying assets for tax
purposes. We believe these rules, which are further discussed in the Statement
of Additional Information, will be met.

REQUIRED DISTRIBUTIONS UPON YOUR DEATH Upon your death (or the death of a joint
owner, if earlier), certain distributions must be made under the contract. The
required distributions depend on whether you die on or before you start taking
annuity payments under the contract or after you start taking annuity payments
under the contract.

If you die on or after the annuity date, the remaining portion of the interest
in the contract must be distributed at least as rapidly as under the method of
distribution being used as of the date of death.

If you die before the annuity date, the entire interest in the contract must be
distributed within 5 years after the date of death. However, if an annuity
payment option is selected by your designated beneficiary and if annuity
payments begin within 1 year of your death, the value of the contract may be
distributed over the beneficiary's life or a period not exceeding the
beneficiary's life expectancy. Your designated beneficiary is the person to whom
ownership of the contract passes by reason of death, and must be a natural
person.

If any portion of the contract is payable to (or for the benefit of) your
surviving spouse, such portion of the contract may be continued with your spouse
as the owner.

Changes in the Contract We reserve the right to make any changes we deem
necessary to assure that the contract qualifies as an annuity contract for tax
purposes. Any such changes will apply to all contractowners and you will be
given notice to the extent feasible under the circumstances.

ADDITIONAL INFORMATION

You should refer to the Statement of Additional Information if:

.. The contract is held by a corporation or other entity instead of by an
individual or as agent for an individual.

.. Your contract was issued in exchange for a contract containing purchase
payments made before August 14, 1982.

.. You are a nonresident alien.

.. You transfer your contract to, or designate, a beneficiary who is either 37
1/2 years younger than you or a grandchild.

.. You wish additional information on withholding taxes.

CONTRACTS HELD BY TAX FAVORED PLANS

Currently, the contract may be purchased for use in connection with individual
retirement accounts and annuities ("IRAs") which are subject to Sections 408(a),
408(b) and 408A of the Code. At some future time we may allow the contract to be
purchased in connection

TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

with other retirement arrangements which are also entitled to favorable federal
income tax treatment ("tax favored plans"). These other tax favored plans
include:

.. Simplified employee pension plans ("SEPs") under Section 408(k) of the
Code;

.. Saving incentive match plans for employees-IRAs ("SIMPLE-IRAs") under
Section 408(p) of the Code; and

.. Tax-deferred annuities ("TDAs") under Section 403(b) of the Code.

This description assumes that (i) we will be offering this to both IRA and
non-IRA tax favored plans, and (ii) you have satisfied the requirements for
eligibility for these products.

You should be aware that tax favored plans such as IRAs generally provide tax
deferral regardless whether they invest in annuity contracts. This means that
when a tax favored plan invests in an annuity contract, it generally does not
result in any additional tax deferral benefits.

TYPES OF TAX FAVORED PLANS

IRAS If you buy a contract for use as an IRA, we will provide you a copy of the
prospectus and the contract. The "IRA Disclosure Statement" on page 43 contains
information about eligibility, contribution limits, tax particulars and other
IRA information. In addition to this information (some of which is summarized
below), the IRS requires that you have a "free look" after making an initial
contribution to the contract. During this time, you can cancel the contract by
notifying us in writing, and we will refund all of the purchase payments under
the contract (or, if greater, the amount credited under the contract, calculated
as of the valuation period that we receive this cancellation notice).

Contributions Limits/Rollovers: Because of the way the contract is designed, you
may only purchase a contract for an IRA in connection with a "rollover" of
amounts from a qualified retirement plan or transfer from another IRA. You must
make a minimum initial payment of $10,000 to purchase a contract. This minimum
is greater than the maximum amount of any annual contribution you may make to an
IRA (which is generally $2,000/year). The "rollover" rules under the Code are
fairly technical; however, an individual (or his or her surviving spouse) may
generally "roll over" certain distributions from tax favored retirement plans
(either directly or within 60 days from the date of these distributions) if he
or she meets the requirements for distribution. Once you buy the contract, you
can make regular IRA contributions under the contract (to the extent permitted
by law). However, if you make such regular IRA contributions, you should note
that you will not be able to treat the contract as a "conduit IRA," which means
that you will not be able subsequently to "roll over" the contract funds
originally derived from a qualified retirement plan into another Section 401(a)
plan or TDA (although you may be able to transfer the funds to another IRA).

Required Provisions: Contracts that are IRAs (or endorsements that are part of
the contract) must contain certain provisions:

.. You, as owner of the contract, must be the "annuitant" under the contract
(except in certain cases involving the division of property under a decree
of divorce);

.. Your rights as owner are non-forfeitable;

.. You cannot sell, assign or pledge the contract, other than to Pruco Life;

.. The annual premium you pay cannot be greater than $2,000 (which does not
include any rollover amounts);

.. The date on which annuity payments must begin cannot be later than the
April 1st of the calendar year after the calendar year you turn age 70 1/2;
and

.. Death and annuity payments must meet "minimum distribution requirements"
(described below).

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DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

.. A 10% "early distribution penalty" (described below);

.. Liability for "prohibited transactions" if you, for example, borrow against
the value of an IRA; or

.. Failure to take a minimum distribution (also generally described below).

SEPS SEPs are a variation on a standard IRA, and contracts issued to a SEP must
satisfy the same general requirements described under IRAs (above). There are,
however, some differences:

.. If you participate in a SEP, you generally do not include into income any
employer contributions made to the SEP on your behalf up to the lesser of
(a) $35,000 (in 2001) or (b) 15% of the employee's earned income (not
including the employer contribution amount as "earned income" for these
purposes). However, for these purposes, compensation in excess of certain
limits established by the IRS will not be considered. In 2001, this limit
is $170,000;

.. SEPs must satisfy certain participation and nondiscrimination requirements
not generally applicable to IRAs; and

.. Some SEPs for small employers permit salary deferrals (up to $10,500 in
2001) with the employer making these contributions to the SEP. However, no
new "salary reduction" or "SAR-SEPs" can be established after 1996.

You will also be provided the same information, and have the same "free look"
period, as you would have if you were purchasing the contract for a standard
IRA.

SIMPLE-IRAS SIMPLE-IRAs are another variation on the standard IRA, available to
small employers (under 100 employees, on a "controlled group" basis) that do not
offer other tax favored plans. SIMPLE-IRAs are also subject to the same basic
IRA requirements with the following exceptions:

.. Participants in a SIMPLE-IRA may contribute up to $6,500 (in 2001,
indexed), as opposed to the usual $2,000 limit, and employer contributions
may also be provided as either a match (up to 3% of your compensation; and

.. SIMPLE-IRAs are not subject to the SEP nondiscrimination rules.

ROTH IRAS Congress amended the Code in 1997 to add a new Section 408A, creating
the "Roth IRA" as a new type of individual retirement plan. Like standard IRAs,
income within a Roth IRA accumulates tax-deferred, and contributions are subject
to specific limits. Roth IRAs have, however, the following differences:

.. Contributions to a Roth IRA cannot be deducted from your gross income;

.. "Qualified distributions" (generally, held for 5 tax years and payable on
account of death, disability, attainment of age 59 1/2, or first
time-homebuyer) from Roth IRAs are excludable from your gross income; and

.. If eligible, you may make contributions to a Roth IRA after attaining age
70 1/2, and distributions are not required to begin upon attaining such age
or at any time thereafter.

Because the contract's minimum initial payment of $10,000 is greater than the
maximum annual contribution permitted to be made to a Roth IRA (generally,
$2,000 less any contributions to a traditional IRA), you may purchase a contract
as a Roth IRA only in connection with a "rollover" or "conversion" of the
proceeds of another traditional IRA, conduit IRA, SEP, SIMPLE-IRA, or Roth IRA.
The Code permits persons who meet certain income limitations (generally,
adjusted gross income under $100,000), and who receive certain qualifying
distributions from such non-Roth IRAs, to directly rollover or make, within 60
days, a "rollover" of all or any part of the amount of such distribution to a
Roth IRA which they establish. This conversion triggers current taxation (but is
not subject to a 10% early distribution penalty). Once the contract has been
purchased, regular Roth IRA contributions will be accepted to the extent
permitted by law.

TDAS You may own TDAs generally if you are either an employer or employee of a
tax-exempt organization (as

TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

defined under Code Section 501(c)(3)) or a public educational organization, you
may make contributions to a TDA so long as the employee's rights to the annuity
are nonforfeitable. Contributions to a TDA, and any earnings, are not taxable
until distribution. You may also make contributions to a TDA under a salary
reduction agreement, generally up to a maximum of $10,500 (2001, indexed).
Further, you may roll over TDA amounts to another TDA or an IRA.

A contract may only qualify as a TDA if distributions (other than
"grandfathered" amounts held as of December 31, 1988) may be made only on
account of:

.. Your attainment of age 59 1/2;

.. Your severance of employment;

.. Your death;

.. Your total and permanent disability; OR

.. Hardship (under limited circumstances, and only related to salary deferrals
and any earnings attributable to these amounts).

In any event, you must begin receiving distributions from your TDA by April 1st
of the calendar year after the calendar year you turn age 70 1/2 or retire,
whichever is later.

These distribution limits do not apply either to transfers or exchanges of
investments under the contract, or to any "direct transfer" of your interest in
the contract to another TDA or to a mutual fund "custodial account" described
under Code Section 403(b)(7).

Employer contributions to TDAs are subject to the same general contribution,
nondiscrimination, and minimum participation rules applicable to "qualified"
retirement plans.

MINIMUM DISTRIBUTION REQUIREMENTS AND PAYMENT OPTION

If you hold the contract under an IRA (or other tax-favored plan), IRS minimum
distribution requirements must be satisfied. This means that payments must start
by April 1 of the year after the year you reach age 70 1/2 and must be made for
each year thereafter. The amount of the payment must be at least equal the
minimum required under the IRS rules. Several choices are available for
calculating the minimum amount, including a new method permitted under IRS rules
released in January 2001. More information on the mechanics of this calculation
is available on request. Please contact us a reasonable time before the IRS
deadline so that a timely distribution is made. Please note that there is a 50%
IRS penalty tax on the amount of any minimum distribution not made in a timely
manner.

You can use the Minimum Distribution option to satisfy the IRS minimum
distribution requirements for this contract without either beginning annuity
payments or surrendering the contract. We will send you a check for this minimum
distribution amount, less any other partial withdrawals that you made during the
year. Please note that the Minimum Distribution option may need to be modified
after 2001 to satisfy recently announced changes in IRS rules.

PENALTY FOR EARLY WITHDRAWALS

You may owe a 10% tax penalty on the taxable part of distributions received from
an IRA, SEP, SIMPLE-IRA (which may increase to 25%), Roth IRA, TDA or qualified
retirement plan before you attain age 59 1/2. There are only limited exceptions
to this tax, and you should consult your tax adviser for further details.

WITHHOLDING

The Code requires a mandatory 20% federal income tax withholding for certain
distributions from a TDA or qualified retirement plan, unless the distribution
is an eligible rollover contribution that is "directly" rolled into another
qualified plan, IRA (including the IRA variations described above) or TDA. For
all other distributions, unless you elect otherwise, we will withhold federal
income tax from the taxable portion of such distribution at an appropriate
percentage. The rate of withholding on annuity payments where no mandatory
withholding is required is determined on the basis of the withholding
certificate that you file with us. If you do not file a certificate, we will
automatically withhold federal taxes on the following basis:

.. For any annuity payments not subject to mandatory withholding, you will
have taxes withheld by us as if

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

you are a married individual, with 3 exemptions; and

.. For all other distributions, you will be withheld at a 10% rate.

We will provide you with forms and instructions concerning the right to elect
that no amount be withheld from payments in the ordinary course. However, you
should know that, in any event, you are liable for payment of federal income
taxes on the taxable portion of the distributions, and you should consult with
your tax advisor to find out more information on your potential liability if you
fail to pay such taxes.

ERISA DISCLOSURE/REQUIREMENTS

ERISA (the "Employee Retirement Income Security Act of 1974") and the Code
prevents a fiduciary and other "parties in interest" with respect to a plan
(and, for these purposes, an IRA would also constitute a "plan") from receiving
any benefit from any party dealing with the plan, as a result of the sale of the
contract. Administrative exemptions under ERISA generally permit the sale of
insurance/annuity products to plans, provided that certain information is
disclosed to the person purchasing the contract. This information has to do
primarily with the fees, charges, discounts and other costs related to the
contract, as well as any commissions paid to any agent selling the contract.

Information about any applicable fees, charges, discounts, penalties or
adjustments may be found under "What Are the Expenses Associated with the
Discovery Select Contract" starting on page 27.

Information about sales representatives and commissions may be found under
"Other Information" and "Sale and Distribution of the Contract" on page 36.

In addition, other relevant information required by the exemptions is contained
in the contract and accompanying documentation. Please consult your tax advisor
if you have any additional questions.

ADDITIONAL INFORMATION

For additional information about the requirements of federal tax law applicable
to tax favored plans, see the "IRA Disclosure Statement" on page 46.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

OTHER

INFORMATION

PRUCO LIFE INSURANCE COMPANY

Pruco Life Insurance Company is a stock life insurance company organized in 1971
under the laws of the State of Arizona. Pruco Life is licensed to sell life
insurance and annuities in the District of Columbia, Guam and in all states
except New York and therefore is subject to the insurance laws and regulations
of all the jurisdictions where it is licensed to do business. Pruco Life is a
wholly-owned subsidiary of The Prudential Life Insurance Company of America
(Prudential), a mutual insurance company founded in 1875 under the laws of the
State of New Jersey.

Pruco Life publishes annual and quarterly reports that are filed with the SEC.
These reports contain financial information about Pruco Life that is annually
audited by independent accountants. The most recent annual report is contained
in the SAI. While Pruco Life's annual report is not ordinarily mailed to
contractholders, you can obtain a copy at no cost by calling us at our number
listed on the cover. This information, together with all the more current
reports filed with the SEC as required by section 15 of the Exchange Act of
1934, is legally a part of this prospectus.

Pruco Life is a wholly-owned subsidiary of The Prudential Insurance Company of
America ( "Prudential"), a mutual insurance company founded in 1875 under the
laws of the State of New Jersey. Prudential is currently pursuing reorganizing
itself into a stock life insurance company through a process known as
"demutualization". On July 1, 1998, legislation was enacted in New Jersey that
would permit this conversion to occur and that specified the process for
conversion. On December 15, 2000, the Board of Directors adopted a plan of
reorganization pursuant to that legislation and authorized management to submit
an application to the New Jersey Commissioner of Banking and Insurance for
approval of the plan. The application was submitted on March 14, 2001. However,
demutualization is a complex process and a number of additional steps must be
taken before the demutualization can occur, including a public hearing, voting
by qualified policyholders, and regulatory approval. Prudential is planning on
completing this process in 2001, but there is no certainty that the
demutualization will be completed in this timeframe or that the necessary
approvals will be obtained. Also it is possible that after careful review,
Prudential could decide not to demutualize or could decide to delay its plans.
As a general rule, the plan of reorganization provides that, in order for
policies or contracts to be eligible for compensation in the demutualization,
they must have been in force on the date the Board of Directors adopted the
plan, December 15, 2000. If demutualization does occur, all the guaranteed
benefits described in your policy or contract would stay the same.

THE SEPARATE ACCOUNT

We have established a separate account, the Pruco Life Flexible Premium Variable
Annuity Account (Separate Account), to hold the assets that are associated with
the contracts. The Separate Account was established under Arizona law on June
16, 1995, and is registered with the U.S. Securities and Exchange Commission
under the Investment Company Act of 1940, as a unit investment trust, which is a
type of investment company. The assets of the Separate Account are held in the
name of Pruco Life and legally belong to us. These assets are kept separate from
all of our other assets and may not be charged with liabilities arising out of
any other business we may conduct. More detailed information about Pruco Life,
including its audited consolidated financial statements, is provided in the
Statement of Additional Information.

SALE AND DISTRIBUTION OF THE CONTRACT

Prudential Investment Management Services LLC ("PIMS"), 100 Mulberry Street,
Newark, New Jersey 07102-4077, acts as the distributor of the contracts. PIMS is
a wholly-owned subsidiary of Prudential and is a limited liability corporation
organized under Delaware law in 1996. It is a registered broker-dealer under the
Securities Exchange Act of 1934 and a member of the National Association of
Securities Dealers, Inc.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

We pay the broker-dealer whose registered representatives sell the Contract
either:

.. a commission of up to 6.25% of your Purchase Payments; or

.. a combination of a commission on Purchase Payments and a "trail" commission
-- which is a commission determined as a percentage of your Contract Value
that is paid periodically over the life of your Contract.

The commission amount quoted above is the maximum amount which is paid. In most
circumstances, the registered representative who sold the contract will receive
significantly less.

From time to time, Prudential or its affiliates may offer and pay non-cash
compensation to registered representatives who sell the Contract. For example,
Prudential or an affiliate may pay for a training and education meeting that is
attended by registered representatives of both Prudential-affiliated
broker-dealers and independent broker-dealers. Prudential and its affiliates
retain discretion as to which broker-dealers to offer non-cash (and cash)
compensation arrangements, and will comply with NASD rules and other pertinent
laws in making such offers and payments. Our payment of cash or non-cash
compensation in connection with sales of the Contract does not result directly
in any additional charge to you.

ASSIGNMENT

You can assign the contract at any time during your lifetime. We will not be
bound by the assignment until we receive written notice. We will not be liable
for any payment or other action we take in accordance with the contract if that
action occurs before we receive notice of the assignment. An assignment, like
any other change in ownership, may trigger a taxable event.

If the contract is issued under a qualified plan, there may be limitations on
your ability to assign the contract. For further information please speak to
your financial professional.

FINANCIAL STATEMENTS

The financial statements of the Separate Account associated with Discovery
Select are included in the Statement of Additional Information.

STATEMENT OF ADDITIONAL INFORMATION

Contents:

.. Company

.. Experts

.. Litigation

.. Legal Opinions

.. Principal Underwriter

.. Determination of Accumulation Unit Values

.. Performance Information

.. Comparative Performance Information

.. Further Information about the Death Benefit

.. Federal Tax Status

.. Financial Information

HOUSEHOLDING

To reduce costs, we now send only a single copy of prospectuses and shareholder
reports to each consenting household, in lieu of sending a copy to each
contractholder that resides in the household. If you are a member of such a
household, you should be aware that you can revoke your consent to householding
at any time, and begin to receive your own copy of prospectuses and shareholder
reports, by calling 1-877-778-5008.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

ACCUMULATION UNIT VALUES

ACCUMULATION UNIT VALUES: AS A PERCENTAGE OF EACH FUND'S AVERAGE DAILY NET
ASSETS

ACCUMULATION UNIT VALUE ACCUMULATION UNIT VALUE NUMBER OF ACCUMULATION UNITS
AT BEGINNING OF PERIOD AT END OF PERIOD OUTSTANDING AT END OF PERIOD
- ------------------------------------------------------------------------------------------------------------------------

PRUDENTIAL DIVERSIFIED BOND PORTFOLIO
10/7/96* to 12/31/97 $1.03731 $1.06033 6,007,104
1/1/97 to 12/31/97 $1.06033 $1.13525 83,725,723
1/1/98 to 12/31/98 $1.13525 $1.19977 279,253,272
1/1/99 to 12/31/99 $1.19977 $1.17457 462,776,279
1/1/00 to 12/31/00 $1.17457 $1.27085 440,103,772
PRUDENTIAL DIVERSIFIED CONSERVATIVE GROWTH PORTFOLIO
5/1/99* to 12/31/99 $ 0.9996 $1.05128 102,284,285
1/1/00 to 12/31/00 $1.05128 $1.07605 177,871,105
PRUDENTIAL EQUITY PORTFOLIO
10/7/96* to 12/31/96 $1.13479 $1.20807 8,287,181
1/1/97 to 12/31/97 $1.20807 $1.48518 134,944,417
1/1/98 to 12/31/98 $1.48518 $1.60144 280,479,415
1/1/99 to 12/31/99 $1.60144 $1.77642 365,751,430
1/1/00 to 12/31/00 $1.77642 $1.80930 351,604,596
PRUDENTIAL GLOBAL PORTFOLIO
10/7/96* to 12/31/97 $1.14330 $1.19505 1,375,156
1/1/97 to 12/31/97 $1.19505 $1.26079 18,580,228
1/1/98 to 12/31/98 $1.26079 $1.55516 34,899,069
1/1/99 to 12/31/99 $1.55516 $2.27423 63,210,475
1/1/00 to 12/31/00 $2.27423 $1.84646 81,446,534
PRUDENTIAL HIGH YIELD BOND PORTFOLIO
10/7/96* to 12/31/97 $1.11250 $1.12263 8,231,178
1/1/97 to 12/31/97 $1.12263 $1.25972 84,952,656
1/1/98 to 12/31/98 $1.25972 $1.21296 227,901,703
1/1/99 to 12/31/99 $1.21296 $1.25119 286,794,531
1/1/00 to 12/31/00 $1.25119 $1.13618 271,627,103
PRUDENTIAL MONEY MARKET PORTFOLIO
10/7/96* to 12/31/97 $1.03576 $1.04505 16,621,393
1/1/97 to 12/31/97 $1.04505 $1.08688 80,833,415
1/1/98 to 12/31/98 $1.08688 $1.12985 196,092,083
1/1/99 to 12/31/99 $1.12985 $1.16977 331,274,925
1/1/00 to 12/31/00 $1.16977 $1.22545 252,861,017
PRUDENTIAL JENNISON PORTFOLIO
10/7/96* to 12/31/97 $1.12169 $1.13943 4,882,616
1/1/97 to 12/31/97 $1.13943 $1.48006 72,354,119
1/1/98 to 12/31/98 $1.48006 $2.00851 209,542,146
1/1/99 to 12/31/99 $2.00651 $2.81446 389,581,022
1/1/00 to 12/31/00 $2.81446 $2.29341 480,476,519

THIS CHART CONTINUES ON THE NEXT PAGE

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

ACCUMULATION UNIT VALUES (CONTINUED): AS A PERCENTAGE OF EACH FUND'S AVERAGE
DAILY NET ASSETS

PRUDENTIAL SMALL CAPITALIZATION STOCK PORTFOLIO
9/1/98* to 12/31/98 $1.02621 $1.25353 6,947,511
1/1/99 to 12/31/99 $1.25353 $1.39319 36,672,909
1/1/00 to 12/31/00 $1.39319 $1.55006 52,088,694
PRUDENTIAL STOCK INDEX PORTFOLIO
10/7/96* to 12/31/97 $1.07837 $1.13652 7,481,300
1/1/97 to 12/31/97 $1.13652 $1.48876 115,667,746
1/1/98 to 12/31/98 $1.48876 $1.88540 261,786,090
1/1/99 to 12/31/99 $1.88540 $2.24149 413,343,040
1/1/00 to 12/31/00 $2.24149 $2.01096 436,186,937
PRUDENTIAL VALUE PORTFOLIO
10/7/96* to 12/31/96 $1.13494 $1.23339 2,784,921
1/1/97 to 12/31/97 $1.23339 $1.66167 99,533,257
1/1/98 to 12/31/98 $1.66167 $1.59960 254,746,617
1/1/99 to 12/31/99 $1.59960 $1.77516 278,847,271
1/1/00 to 12/31/00 $1.77516 $2.02329 247,934,035
PRUDENTIAL 20/20 FOCUS PORTFOLIO
5/1/99* to 12/31/99 $ 0.9996 $1.17842 50,083,559
1/1/00 to 12/31/00 $1.17842 $1.09942 77,865,791
AIM VI GROWTH AND INCOME FUND
10/7/96* to 12/31/97 $1.00065 $1.03757 3,408,550
1/1/97 to 12/31/97 $1.03757 $1.28644 32,365,952
1/1/98 to 12/31/98 $1.28644 $1.61976 59,407,686
1/1/99 to 12/31/99 $1.61976 $2.14458 93,248,281
1/1/00 to 12/31/00 $2.14458 $1.80711 106,521,748
AIM VI VALUE FUND
10/7/96* to 12/31/97 $2.14096 $1.80208 212,476,593
1/1/97 to 12/31/97 $1.04935 $1.27997 37,009,785
1/1/98 to 12/31/98 $1.27997 $1.67125 70,530,542
1/1/99 to 12/31/99 $1.67125 $2.14096 159,478,282
1/1/00 to 12/31/00 $2.14096 $1.80208 212,476,593
ALLIANCE PREMIER GROWTH PORTFOLIO
5/1/00* to 12/31/00 $1.01651 $0.79874 21,872,680
AMERICAN CENTURY VP VALUE FUND
9/1/98* to 12/31/98 $1.02098 $1.17305 3,082,973
1/1/99 to 12/31/99 $1.17305 $1.14715 25,545,686
1/1/00 to 12/31/00 $1.14715 $1.33658 32,891,536

THIS CHART CONTINUES ON THE NEXT PAGE

ACCUMULATION UNIT VALUES CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

ACCUMULATION UNIT VALUES (CONTINUED): AS A PERCENTAGE OF EACH FUND'S AVERAGE
DAILY NET ASSETS

CREDIT SUISSE WARBURG PINCUS TRUST GLOBAL POST-VENTURE CAPITAL PORTFOLIO
10/7/96* to 12/31/97 $1.00587 $0.95745 1,786,115
1/1/97 to 12/31/97 $0.95745 $1.07018 11,039,843
1/1/98 to 12/31/98 $1.07018 $1.12410 18,649,002
1/1/99 to 12/31/99 $1.12410 $1.81263 22,673,902
1/1/00 to 12/31/00 $1.81263 $1.44905 35,262,198
DAVIS VALUE PORTFOLIO
5/1/00* to 12/31/00 $1.01069 $0.99182 38,693,721
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
FRANKLIN SMALL CAP INVESTMENTS FUND--CLASS 2
9/1/98* to 12/31/98 $1.00945 $1.24477 2,820,341
1/1/99 to 12/31/99 $1.24477 $2.14040 21,301,323
1/1/00 to 12/31/00 $2.14040 $1.76141 58,146,506
JANUS ASPEN SERIES GROWTH PORTFOLIO
10/7/96* to 12/31/97 $1.00191 $1.00830 5,459,309
1/1/97 to 12/31/97 $1.00830 $1.22056 40,236,135
1/1/98 to 12/31/98 $1.22056 $1.63278 70,344,877
1/1/99 to 12/31/99 $1.63278 $2.31856 156,489,738
1/1/00 to 12/31/00 $2.31856 $1.95266 214,542,798
JANUS ASPEN SERIES INTN'L GROWTH PORTFOLIO
10/7/96* to 12/31/97 $1.00130 $1.05349 5,902,196
1/1/97 to 12/31/97 $1.05349 $1.23121 63,737,492
1/1/98 to 12/31/98 $1.23121 $1.42337 95,669,051
1/1/99 to 12/31/99 $1.42337 $2.55865 133,606,831
1/1/00 to 12/31/00 $2.55865 $2.12110 177,676,490
MFS EMERGING GROWTH SERIES
10/7/96* to 12/31/97 $1.00860 $0.95812 5,755,823
1/1/97 to 12/31/97 $0.95812 $1.15186 44,342,700
1/1/98 to 12/31/98 $1.15186 $1.52386 96,930,075
1/1/99 to 12/31/99 $1.52386 $2.65585 142,181,941
1/1/00 to 12/31/00 $2.65585 $2.10566 179,248,786
MFS RESEARCH SERIES
10/7/96* to 12/31/97 $1.00228 $1.02610 2,727,174
1/1/97 to 12/31/97 $1.02610 $1.21695 31,409,623
1/1/98 to 12/31/98 $1.21695 $1.48048 50,551,268
1/1/99 to 12/31/99 $1.48048 $1.81149 58,852,725
1/1/00 to 12/31/00 $1.81149 $1.69985 61,777,535

THIS CHART CONTINUES ON THE NEXT PAGE

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

ACCUMULATION UNIT VALUES (CONTINUED): AS A PERCENTAGE OF EACH FUND'S AVERAGE
DAILY NET ASSETS

OCC ACCUMULATION TRUST MANAGED PORTFOLIO
10/7/96* to 12/31/97 $0.99909 $1.05185 8,643,614
1/1/97 to 12/31/97 $1.05185 $1.26868 144,784,302
1/1/98 to 12/31/98 $1.26868 $1.34022 302,639,179
1/1/99 to 12/31/99 $1.34022 $1.38780 321,473,248
1/1/00 to 12/31/00 $1.38780 $1.50197 255,090,329
OCC ACCUMULATION TRUST SMALL CAP PORTFOLIO
10/7/96* to 12/31/97 $0.99623 $1.05106 2,345,893
1/1/97 to 12/31/97 $1.05106 $1.26710 36,276,987
1/1/98 to 12/31/98 $1.26710 $1.13668 68,479,356
1/1/99 to 12/31/99 $1.13668 $1.10051 70,710,730
1/1/00 to 12/31/00 $1.10051 $1.56487 70,491,262
T. ROWE PRICE EQUITY INCOME PORTFOLIO
10/7/96* to 12/31/97 $0.99996 $1.04885 6,578,342
1/1/97 to 12/31/97 $1.04885 $1.33212 65,481,114
1/1/98 to 12/31/98 $1.33212 $1.43277 110,131,073
1/1/99 to 12/31/99 $1.43277 $1.46563 129,059,108
1/1/00 to 12/31/00 $1.46563 $1.63398 117,126,253
T. ROWE PRICE INTN'L SERIES--INTN'L STOCK PORTFOLIO
10/7/96* to 12/31/97 $1.00159 $1.03988 2,951,074
1/1/97 to 12/31/97 $1.03988 $1.05690 22,039,049
1/1/98 to 12/31/98 $1.05690 $1.20747 29,923,449
1/1/99 to 12/31/99 $1.20747 $1.58765 37,353,154
1/1/00 to 12/31/00 $1.58765 $1.28651 45,096,106

* COMMENCEMENT OF BUSINESS

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

MARKET-VALUE
ADJUSTMENT FORMULA

MARKET-VALUE ADJUSTMENT FORMULA

WITH RESPECT TO RESIDENTS OF STATES, OTHER THAN PENNSYLVANIA, IN WHICH DISCOVERY
SELECT IS BEING OFFERED. WITH RESPECT TO CONTRACTS ISSUED IN PENNSYLVANIA, SEE
PAGE 44.

THE ADJUSTMENT INVOLVES THREE AMOUNTS

The Market-Value Adjustment, which is applied to withdrawals and transfers made
at any time other than the 30-day period following the end of an interest rate
period, involves three amounts:

1) The number of whole months remaining in the existing interest rate period.

2) The guaranteed interest rate.

3) The interest rate that Pruco Life declares for a duration of one year
longer than the number of whole years remaining on the existing cell being
withdrawn from.

STATED AS A FORMULA, THE MARKET VALUE IS EQUAL TO:

(M/12) X (R-C)

NOT TO EXCEED +0.40 OR BE LESS THAN -0.40; WHERE,

- --------------------------------------------------------------------------------
M = the number of whole months (not to be less than one) remaining in the
interest-rate period.

R = the Contract's guaranteed interest-rate expressed as a decimal. Thus 6.2%
is converted to 0.062.

C = the interest-rate, expressed as a decimal, that Pruco Life declares for a
duration equal to the number of whole years remaining in the present
interest-rate period, plus 1 year as of the date the request for a
withdrawal or transaction is received.
- --------------------------------------------------------------------------------

The Market-Value Adjustment is then equal to the Market Value Factor multiplied
by the amount subject to a Market-Value Adjustment.

STEP BY STEP

THE STEPS BELOW EXPLAIN HOW A MARKET-VALUE ADJUSTMENT IS CALCULATED.

STEP 1: Divide the number of whole months left in the existing interest rate
period (not to be less than one) by 12.

STEP 2: Determine the interest rate Pruco Life declares on the date the request
for withdrawal or transfer is received for a duration of years equal to the
whole number of years determined in Step 1, plus 1 additional year. Subtract
this interest rate from the guaranteed interest rate. The result could be
negative.

STEP 3: Multiply the results of Step 1 and Step 2. Again, the result could be
negative. If the result is less than -0.4, use the value -0.4. If the result is
in between -0.4 and 0.4, use the actual value. If the result is more than 0.4,
use the value 0.4.

STEP 4: Multiply the result of Step 3 (which is the Market Value Factor) by the
value of the amount subject to a Market-Value Adjustment. The result is the
Market-Value Adjustment.

STEP 5: The result of Step 4 is added to the interest cell. If the Market-Value
Adjustment is positive, the interest cell will go up in value. If the
Market-Value Adjustment is negative, the interest cell will go down in value.

DEPENDING UPON WHEN THE WITHDRAWAL REQUEST IS MADE, A WITHDRAWAL CHARGE MAY
APPLY.

THE FOLLOWING EXAMPLE WILL ILLUSTRATE THE APPLICATION OF A MARKET-VALUE

ADJUSTMENT AND THE DETERMINATION OF THE WITHDRAWAL CHARGE:

SUPPOSE A CONTRACTOWNER MADE TWO INVESTED PURCHASE PAYMENTS, THE FIRST IN THE
AMOUNT OF $10,000 ON DECEMBER 1, 1995, ALL OF WHICH WAS ALLOCATED TO THE EQUITY
SUBACCOUNT, AND THE SECOND IN THE AMOUNT OF $5,000 ON OCTOBER 1, 1997, ALL OF
WHICH WAS ALLOCATED TO THE MVA OPTION WITH A GUARANTEED INTEREST RATE OF 8%
(0.08) FOR 7 YEARS. A REQUEST FOR WITHDRAWAL OF $8,500 IS MADE ON FEBRUARY 1,
2000 (THE CONTRACT OWNER DOES NOT PROVIDE ANY WITHDRAWAL INSTRUCTIONS). ON THAT
DATE THE AMOUNT IN THE EQUITY SUBACCOUNT IS EQUAL TO $12,000 AND THE AMOUNT IN
THE INTEREST CELL WITH A MATURITY DATE OF SEPTEMBER 30, 2004 IS $5,985.23, SO
THAT THE CONTRACT FUND ON THAT DATE IS EQUAL TO $17,985.23.

ON FEBRUARY 1, 2000, THE INTEREST RATES DECLARED BY PRUCO LIFE FOR THE DURATION
OF 5 YEARS (4 WHOLE YEARS REMAINING UNTIL SEPTEMBER 30, 2004, PLUS 1 YEAR) IS
11%.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

THE FOLLOWING COMPUTATIONS WOULD BE MADE:

1) Calculate the Contract Fund value as of the effective date of the
transaction. This would be $17,985.23.

2) Calculate the charge-free amount (the amount of the withdrawal that is not
subject to a withdrawal charge).

DATE PAYMENT FREE
- ------- ------- ------
12/1/95 $10,000 $1,000
12/1/96 $2,000
10/1/97 $ 5,000 $2,500
12/1/97 $4,000
12/1/98 $5,500
12/1/99 $7,000

The charge-free amount in the fifth Contract year is 10% of $15,000 (total
purchase payments) plus $5,500 (the charge-free amount available in the fourth
Contract year) for a total of $7,000.

3) Since the withdrawal request is in the fifth Contract year, a 3% withdrawal
charge rate applies to any portion of the withdrawal which is not
charge-free.

- ---------------------------------------
$8,500.00 REQUESTED WITHDRAWAL AMOUNT
- -$7,000.00 CHARGE-FREE
- ---------------------------------------
$1,500.00 ADDITIONAL AMOUNT NEEDED TO
COMPLETE WITHDRAWAL

The Contract provides that the Contract Fund will be reduced by an amount which,
when reduced by the withdrawal charge, will equal the amount requested.
Therefore, in order to produce the amount needed to complete the withdrawal
request ($1,500), we must "gross-up" that amount, before applying the withdrawal
charge rate. This is done by dividing by 1 minus the withdrawal charge rate.

$1,500.00 / (1-.03) =

$1,500.00 / 0.97 = $1,546.39 GROSSED-UP AMOUNT

Please note that a 3% withdrawal charge on this grossed-up amount reduces it to
$1,500, the balance needed to complete the request.

- ----------------------------------
$1,546.39 GROSSED-UP AMOUNT
X .03 WITHDRAWAL CHARGE RATE
- ----------------------------------
$46.39 WITHDRAWAL CHARGE

4) The Market Value Factor is determined as described in steps 1 through 5,
above. In this case, it is equal to 0.08 (8% is the guaranteed rate in the
existing cell) minus 0.11 (11% is the interest-rate that would be offered
for an interest cell with a duration of the remaining whole years plus 1),
which is -0.03, multiplied by 4.58333 (55 months remaining until September
30, 2004, divided by 12) or -0.13750. Thus, there will be a negative
Market-Value Adjustment of 14% of the amount in the interest cell that is
subject to the adjustment.

- ---------------------------------
-0.13750 X $5,985.23 =
-822.97 NEGATIVE MVA
$5,985.23 UNADJUSTED VALUE
- ---------------------------------
$5,162.26 ADJUSTED VALUE
$12,000.00 EQUITY VALUE
- ---------------------------------
$17,162.26 ADJUSTED CONTRACT FUND

5) The total amount to be withdrawn, $8,546.39, (sum of the surrender charge,
$46.39, and the requested withdrawal amount of $8,500) is apportioned over
all accounts making up the Contract Fund following the Market-Value
Adjustments, if any, associated with the MVA option.

- -----------------------------------------------
EQUITY
($12,000/$17,162.26) X $8,546.39 = $5,975.71
- -----------------------------------------------
7-YR MVA
($5,162.26/$17,162.26) X $8,546.39 = $2,570.68
---------
$8,546.39

6) The adjusted value of the interest cell, $5,162.26, reduced by the
withdrawal of $2,570.68 leaves $2,591.58. This amount must be "unadjusted"
by dividing it by 0.86250 (1 plus the Market-Value Adjustment of -0.13750)
to determine the amount remaining in the interest cell to which the
guaranteed interest-rate of 8% will continue to be credited until September
30, 2004 or a subsequent withdrawal. That amount is $3,004.73.

MARKET-VALUE ADJUSTMENT FORMULA CONTINUED

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

MARKET-VALUE ADJUSTMENT FORMULA WITH RESPECT TO CONTRACTS ISSUED IN PENNSYLVANIA
ONLY.

THE ADJUSTMENT INVOLVES THREE AMOUNTS

The Market-Value Adjustment, which is applied to withdrawals and transfers made
at any time other than the 30-day period following the end of an interest rate
period, involves three amounts:

1) The number of whole months remaining in the existing interest rate period.

2) The guaranteed interest rate.

3) The interpolated value of the interest rates that Pruco Life declares for the
number of whole years remaining and the duration 1 year longer than the number
of whole years remaining in the existing interest rate period.

STATED AS A FORMULA, THE MARKET VALUE IS EQUAL TO:

(M/12) X (R-C)

NOT TO EXCEED +0.40 OR BE LESS THAN -0.40; WHERE,

- --------------------------------------------------------------------------------
M = the number of whole months (not to be less than one) remaining in the
interest-rate period.

R = the Contract's guaranteed interest-rate expressed as a decimal. Thus 6.2%
is converted to 0.062.

C = the interpolated value of the interest rates, expressed as a decimal,
that Pruco Life declares for the number of whole years remaining and the
duration 1 year longer than the number of whole years remaining as of the
date the request for a withdrawal or transfer is received or m/365 x (n+1)
year rate + (365-m)/365 x n year rate, where "n" equals years and "m"
equals days remaining in year "n" of the existing interest rate period.
- --------------------------------------------------------------------------------

The Market-Value Adjustment is then equal to the Market Value Factor multiplied
by the amount subject to a Market-Value Adjustment.

STEP BY STEP

THE STEPS BELOW EXPLAIN HOW A MARKET-VALUE ADJUSTMENT IS CALCULATED.

STEP 1: Divide the number of whole months left in the existing interest rate
period (not to be less than one) by 12.

STEP 2: Interpolate the interest rates Pruco Life declares on the date the
request for withdrawal or transfer is received for the duration of years equal
to the whole number of years determined in Step 1, plus the whole number of
years plus 1 additional year.

STEP 3: Subtract this interpolated interest rate from the guaranteed interest
rate. The result could be negative.

STEP 4: Multiply the results of Step 1 and Step 2. Again, the result could be
negative. If the result is less than -0.4, use the value -0.4. If the result is
in between -0.4 and 0.4, use the actual value. If the result is more than 0.4,
use the value 0.4.

STEP 5: Multiply the result of Step 3 (which is the Market Value Factor) by the
value of the amount subject to a Market-Value Adjustment. The result is the
Market-Value Adjustment.

STEP 6: The result of Step 4 is added to the interest cell. If the Market-Value
Adjustment is positive, the interest cell will go up in value. If the
Market-Value Adjustment is negative, the interest cell will go down in value.

DEPENDING UPON WHEN THE WITHDRAWAL REQUEST IS MADE, A WITHDRAWAL CHARGE MAY
APPLY.

THE FOLLOWING EXAMPLE WILL ILLUSTRATE THE APPLICATION OF A MARKET-VALUE

ADJUSTMENT AND THE DETERMINATION OF THE WITHDRAWAL CHARGE.

ON FEBRUARY 1, 2000, THE INTEREST RATES DECLARED BY PRUCO LIFE FOR THE
DURATION'S 4 AND 5 YEARS (4 WHOLE YEARS REMAINING UNTIL SEPTEMBER 30, 2004, PLUS
1 YEAR) ARE 10.8% AND 11.4%, RESPECTIVELY.

PART II

DISCOVERY SELECT PROSPECTUS SECTIONS 1-9

THE FOLLOWING COMPUTATIONS WOULD BE MADE:

1) Calculate the Contract Fund value as of the effective date of the
transaction. This would be $17,985.23.

2) Calculate the charge-free amount (the amount of the withdrawal that is not
subject to a withdrawal charge).

DATE PAYMENT FREE
- ------- ------- ------
12/1/95 $10,000 $1,000
12/1/96 $2,000
10/1/97 $ 5,000 $2,500
12/1/97 $4,000
12/1/98 $5,500
12/1/99 $7,000

The charge-free amount in the fifth Contract year is 10% of $15,000 (total
purchase payments) plus $5,500 (the charge-free amount available in the fourth
Contract year) for a total of $7,000.

3) Since the withdrawal request is in the fifth Contract year, a 3% withdrawal
charge rate applies to any portion of the withdrawal which is not
charge-free.

$1,500.00 / (1-.03) =

$1,500.00 / 0.97 = $1,546.39 GROSSED-UP AMOUNT

Please note that a 3% withdrawal charge on this grossed-up amount reduces it to
$1,500, the balance needed to complete the request.

- ---------------------------------
$1,546.39 GROSSED-UP AMOUNT
X .03 WITHDRAWAL CHARGE RATE
- ---------------------------------
$46.39 WITHDRAWAL CHARGE

4) The Market Value Factor is determined as described in steps 1 through 5,
above. In this case, it is equal to 0.08 (8% is the guaranteed rate in the
existing cell) minus 0.11 (11% is the interpolated value for the interest
rates that would be offered for interest cells with durations of whole
years remaining and whole year plus 1 remaining in the existing interest
rate period), which is -0.03, multiplied by 4.58333 (55 months remaining
until September 30, 2004, divided by 12) or -0.13750. Thus, there will be a
negative Market-Value Adjustment of approximately 14% of the amount in the
interest cell that is subject to the adjustment.

- ----------------------------------------------
EQUITY
($12,000/$17,162.26) X $8,546.39 = $5,975.71
- ----------------------------------------------
7-YR MVA
($5,162.26/$17,162.26) X $8,546.39 = $2,570.68
---------
$8,546.39

STRATEGIC PARTNERS/SM/ SELECT VARIABLE ANNUITY
PROSPECTUS: MAY 1, 2007

------------------------

This Prospectus describes an Individual Variable Annuity Contract offered by
Pruco Life Insurance Company (Pruco Life) and the Pruco Life Flexible Premium
Variable Annuity Account. Pruco Life offers several different Annuities which
your representative may be authorized to offer to you. Each Annuity has
different features and benefits that may be appropriate for you based on your
financial situation, your age and how you intend to use the Annuity. The
different features and benefits include variations in Death Benefit Protection
and the ability to access your Annuity's Contract Value. The fees and charges
under the Annuity Contract and the compensation paid to your representative
may also be different among each Annuity. If you are purchasing the contract
as a replacement for existing Variable Annuity or Variable Life Coverage, you
should consider, among other things, any surrender or penalty charges you may
incur when replacing your existing coverage. Pruco Life is a wholly-owned
subsidiary of The Prudential Insurance Company of America.

THE FUNDS
Strategic Partners Select offers a wide variety of investment choices,
including variable investment options that invest in underlying mutual funds.
Currently, portfolios within the following underlying mutual funds are being
offered: The Prudential Series Fund, Advanced Series Trust (formerly named
American Skandia Trust), Gartmore Variable Insurance Trust, and Janus Aspen
Series (see next page for list of each portfolio currently offered).

PLEASE READ THIS PROSPECTUS
Please read this prospectus before purchasing a Strategic Partners Select
variable annuity contract and keep it for future reference. The current
prospectuses for the underlying mutual funds contain important information
about the mutual funds. When you invest in a variable investment option that
is funded by a mutual fund, you should read the mutual fund prospectus and
keep it for future reference. The Risk Factors section relating to the market
value adjustment option appears in the Summary.

TO LEARN MORE ABOUT STRATEGIC PARTNERS SELECT
To learn more about the Strategic Partners Select variable annuity, you can
request a copy of the Statement of Additional Information (SAI) dated May 1,
2007. The SAI has been filed with the Securities and Exchange Commission (SEC)
and is legally a part of this prospectus. Pruco Life also files other reports
with the SEC. All of these filings can be reviewed and copied at the SEC's
offices, and can also be obtained from the SEC's Public Reference Section, 100
F Street, N.E., Washington, D.C. 20549. (See SEC file numbers 333-52754 and
33-61143.) You may obtain information on the operation of the Public Reference
Room by calling the SEC at (202) 551-8090. The SEC also maintains a Web site
(http://www.sec.gov) that contains the Strategic Partners Select SAI, material
incorporated by reference, and other information regarding registrants that
file electronically with the SEC. The Table of Contents of the SAI is set
forth in Section 9 of this prospectus.

For a free copy of the SAI, call us at (888) PRU-2888, or write to us at
Prudential Annuity Service Center, P.O. Box 7960, Philadelphia, PA 19176.

- --------------------------------------------------------------------------------
THE SEC HAS NOT DETERMINED THAT THIS CONTRACT IS A GOOD INVESTMENT, NOR HAS
THE SEC DETERMINED THAT THIS PROSPECTUS IS COMPLETE OR ACCURATE. IT IS A
CRIMINAL OFFENSE TO STATE OTHERWISE. INVESTMENT IN A VARIABLE ANNUITY CONTRACT
IS SUBJECT TO RISK, INCLUDING THE POSSIBLE LOSS OF YOUR MONEY. AN INVESTMENT
IN STRATEGIC PARTNERS SELECT IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY.
- --------------------------------------------------------------------------------

Strategic Partners/SM/ is a service mark of The Prudential Insurance Company
of America ORD01009

The Prudential Series Fund
Jennison Portfolio
Equity Portfolio
Global Portfolio
Money Market Portfolio
Stock Index Portfolio
Value Portfolio
SP Aggressive Growth Asset Allocation Portfolio
SP Balanced Asset Allocation Portfolio
SP Conservative Asset Allocation Portfolio
SP Growth Asset Allocation Portfolio
SP AIM Core Equity Portfolio
SP Davis Value Portfolio
SP International Growth Portfolio
SP International Value Portfolio
SP Mid Cap Growth Portfolio
SP PIMCO High Yield Portfolio
SP PIMCO Total Return Portfolio
SP Prudential U.S. Emerging Growth Portfolio
SP Small Cap Growth Portfolio
SP Small-Cap Value Portfolio
SP Strategic Partners Focused Growth Portfolio
SP T. Rowe Price Large-Cap Growth Portfolio

Advanced Series Trust
AST Advanced Strategies Portfolio
AST Aggressive Asset Allocation Portfolio
AST AllianceBernstein Core Value Portfolio
AST AllianceBernstein Growth & Income Portfolio
AST AllianceBernstein Managed Index 500 Portfolio
AST American Century Income & Growth Portfolio
AST American Century Strategic Allocation Portfolio
AST Balanced Asset Allocation Portfolio
AST Capital Growth Asset Allocation Portfolio
AST Cohen & Steers Realty Portfolio
AST Conservative Asset Allocation Portfolio
AST DeAM Large-Cap Value Portfolio
AST DeAM Small-Cap Value Portfolio
AST Federated Aggressive Growth Portfolio
AST First Trust Balanced Target Portfolio
AST First Trust Capital Appreciation Target Portfolio
AST Goldman Sachs Concentrated Growth Portfolio
AST Goldman Sachs Mid-Cap Growth Portfolio
AST High Yield Portfolio
AST JPMorgan International Equity Portfolio
AST Large-Cap Value Portfolio
AST Lord Abbett Bond-Debenture Portfolio
AST Marsico Capital Growth Portfolio
AST MFS Global Equity Portfolio
AST MFS Growth Portfolio
AST Mid Cap Value Portfolio
AST Neuberger Berman Mid-Cap Growth Portfolio
AST Neuberger Berman Mid-Cap Value Portfolio
AST Neuberger Berman Small-Cap Growth Portfolio
AST PIMCO Limited Maturity Bond Portfolio
AST Preservation Asset Allocation Portfolio
AST Small-Cap Value Portfolio
AST T. Rowe Price Asset Allocation Portfolio
AST T. Rowe Price Global Bond Portfolio
AST T. Rowe Price Natural Resources Portfolio
AST UBS Dynamic Alpha Portfolio

Gartmore Variable Insurance Trust
GVIT Developing Markets Fund

Janus Aspen Series
Large Cap Growth Portfolio -- Service Shares

CONTENTS

PART I: STRATEGIC PARTNERS SELECT PROSPECTUS SUMMARY...................................... 5
GLOSSARY................................................................................. 6
SUMMARY.................................................................................. 9
RISK FACTORS............................................................................. 11
SUMMARY OF CONTRACT EXPENSES............................................................. 12
EXPENSE EXAMPLES......................................................................... 16

PART II: STRATEGIC PARTNERS SELECT PROSPECTUS SECTIONS 1-9................................ 18

SECTION 1: WHAT IS THE STRATEGIC PARTNERS SELECT VARIABLE ANNUITY?....................... 19
SHORT TERM CANCELLATION RIGHT OR "FREE LOOK"........................................... 19

SECTION 2: WHAT INVESTMENT OPTIONS CAN I CHOOSE?......................................... 20
VARIABLE INVESTMENT OPTIONS............................................................ 20
INTEREST-RATE OPTIONS.................................................................. 31
TRANSFERS AMONG OPTIONS................................................................ 32
ADDITIONAL TRANSFER RESTRICTIONS....................................................... 32
DOLLAR COST-AVERAGING.................................................................. 33
ASSET ALLOCATION PROGRAM............................................................... 34
AUTO-REBALANCING....................................................................... 34
SCHEDULED TRANSACTIONS................................................................. 34
VOTING RIGHTS.......................................................................... 34
SUBSTITUTION........................................................................... 34

SECTION 3: WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE INCOME PHASE? (ANNUITIZATION). 35
PAYMENT PROVISIONS..................................................................... 35
OPTION 1: ANNUITY PAYMENTS FOR A FIXED PERIOD........................................ 35
OPTION 2: LIFE ANNUITY WITH 120 PAYMENTS (10 YEARS) CERTAIN.......................... 35
OPTION 3: INTEREST PAYMENT OPTION.................................................... 35
OTHER ANNUITY OPTIONS................................................................ 35
TAX CONSIDERATIONS..................................................................... 35
HOW WE DETERMINE ANNUITY PAYMENTS...................................................... 36

SECTION 4: WHAT IS THE DEATH BENEFIT?.................................................... 36
BENEFICIARY............................................................................ 36
CALCULATION OF THE DEATH BENEFIT....................................................... 36
DEATH OF OWNER OR JOINT OWNER.......................................................... 37
BENEFICIARY CONTINUATION OPTION........................................................ 39

SECTION 5: HOW CAN I PURCHASE A STRATEGIC PARTNERS SELECT CONTRACT?...................... 39
PURCHASE PAYMENTS...................................................................... 39
ALLOCATION OF PURCHASE PAYMENTS........................................................ 39
CALCULATING CONTRACT VALUE............................................................. 40

SECTION 6: WHAT ARE THE EXPENSES ASSOCIATED WITH THE STRATEGIC PARTNERS SELECT
CONTRACT?.............................................................................. 40
INSURANCE AND ADMINISTRATIVE CHARGES................................................... 41
ANNUAL CONTRACT FEE.................................................................... 41
WITHDRAWAL CHARGE...................................................................... 41
WAIVER OF WITHDRAWAL CHARGE FOR CRITICAL CARE.......................................... 42
TAXES ATTRIBUTABLE TO PREMIUM.......................................................... 42
TRANSFER FEE........................................................................... 42
BENEFICIARY CONTINUATION OPTION CHARGES................................................ 42
COMPANY TAXES.......................................................................... 42
UNDERLYING MUTUAL FUND FEES............................................................ 43

SECTION 7: HOW CAN I ACCESS MY MONEY?.................................................... 43
WITHDRAWALS DURING THE ACCUMULATION PHASE.............................................. 43
AUTOMATED WITHDRAWALS.................................................................. 43
SUSPENSION OF PAYMENTS OR TRANSFERS.................................................... 43

SECTION 8: WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE STRATEGIC PARTNERS SELECT
CONTRACT?.............................................................................. 44
CONTRACTS OWNED BY INDIVIDUALS (NOT ASSOCIATED WITH TAX FAVORED RETIREMENT PLANS)...... 44
CONTRACTS HELD BY TAX FAVORED PLANS.................................................... 47

SECTION 9: OTHER INFORMATION............................................................. 50
PRUCO LIFE INSURANCE COMPANY........................................................... 50
THE SEPARATE ACCOUNT................................................................... 50
SALE AND DISTRIBUTION OF THE CONTRACT.................................................. 51
LITIGATION............................................................................. 51
ASSIGNMENT............................................................................. 52
FINANCIAL STATEMENTS................................................................... 52
STATEMENT OF ADDITIONAL INFORMATION.................................................... 52
HOUSEHOLDING........................................................................... 52
MARKET VALUE ADJUSTMENT FORMULA........................................................ 52

APPENDIX A - ACCUMULATION UNIT VALUES..................................................... A-1

APPENDIX B - SELECTING THE VARIABLE ANNUITY THAT'S RIGHT FOR YOU.......................... B-1

PART I SUMMARY
- --------------------------------------------------------------------------------

STRATEGIC PARTNERS SELECT PROSPECTUS

PART I: STRATEGIC PARTNERS SELECT PROSPECTUS SUMMARY

GLOSSARY

We have tried to make this prospectus as easy to read and understand as
possible. By the nature of the contract, however, certain technical words or
terms are unavoidable. We have identified the following as some of these words
or terms.

Accumulation Phase
The period that begins with the contract date (which we define below) and ends
when you start receiving income payments or earlier if the contract is
terminated through a full withdrawal or payment of a death benefit.

Adjusted Contract Value
When you begin receiving income payments, the value of your contract adjusted
by any market value adjustment and minus any charge we impose for premium
taxes and withdrawal charge.

Annuitant
The person whose life determines the amount of income payments that we will
make. Except as indicated below, if the annuitant dies before the annuity
date, the co-annuitant (if any) becomes the annuitant if the contract's
requirements for changing the annuity date are met. If, upon the death of the
annuitant, there is no surviving eligible co-annuitant, and the owner is not
the annuitant, then the owner becomes the annuitant.

Generally, if an annuity is owned by an entity and the entity has named a
co-annuitant, the co-annuitant will become the annuitant upon the death of the
annuitant, and no death benefit is payable. If a Custodial Account elects to
receive the Death Benefit, the Contract Value as of the date of due proof of
death of the annuitant will reflect the amount that would have been payable
had a death benefit been paid. Unless we agree otherwise, the contract is
eligible to have a co-annuitant designation only if the entity that owns the
contract is (1) a plan described in Internal Revenue Code
Section 72(s)(5)(A)(i) (or any successor Code section thereto); or (2) a
custodial account established pursuant to the provisions in Code
Section 408(a), (or any successor Code sections thereto) ("Custodial Account").

Where the contract is held by a Custodial Account, the co-annuitant will not
automatically become the annuitant upon the death of the annuitant. Upon the
death of the annuitant, the Custodial Account will have the choice, subject to
our rules, to either elect to receive the death benefit or elect to continue
the contract.

Annuity Date
The date when income payments are scheduled to begin. You must have our
permission to change the annuity date. If the co-annuitant becomes the
annuitant due to the death of the annuitant, and the co-annuitant is older
than the annuitant, then the annuity date will be based on the age of the
co-annuitant, provided that the contract's requirements for changing the
annuity date are met (e.g., the co-annuitant cannot be older than a specified
age). If the co-annuitant is younger than the annuitant, then the annuity date
will remain unchanged.

Beneficiary
The person(s) or entity you have chosen to receive a death benefit when the
sole or last surviving annuitant dies.

Business Day
A day on which the New York Stock Exchange is open for business. Our business
day generally ends at 4:00 p.m. Eastern time.

Cash Value
This is the total value of your contract adjusted by any market value
adjustment, minus any withdrawal charge(s) or administrative charge.

Co-Annuitant
The person shown on the contract data pages who becomes the annuitant (if
eligible) upon the death of the annuitant if the contract's requirement for
changing the annuity date are met.

Contract Date
The date we accept your initial purchase payment and all necessary paperwork
in good order at the Prudential Annuity Service Center. Contract anniversaries
are measured from the contract date. A contract year starts on the contract
date or on a contract anniversary.

Contract Owner, Owner or You
The person entitled to the ownership rights under the contract.

Contract Value
This is the total value of your contract, equal to the sum of the values of
your investment in each investment option you have chosen. Your Contract Value
will go up or down based on the performance of the investment options you
choose.

Death Benefit
If a death benefit is payable, the beneficiary you designate will receive, at
a minimum, the current Contract Value as of the date that proof of death is
received, or a potentially greater amount related to market appreciation. See
Section 4, "What Is The Death Benefit?"

Good Order
An instruction received at the Prudential Annuity Service Center, utilizing
such forms, signatures and dating as we require, which is sufficiently clear
that we do not need to exercise any discretion to follow such instructions.

Guaranteed Minimum Death Benefit (GMDB)
A feature available for an additional charge, which guarantees that the death
benefit that the beneficiary receives will be no less than a certain GMDB
protected value.

Income Options
Options under the contract that define the frequency and duration of income
payments. In your contract, we also refer to these as payout or annuity
options.

Interest Cell
The segment of the interest-rate option that is established whenever you
allocate or transfer money into an interest-rate option.

Interest-Rate Option
An investment option that offers a fixed-rate of interest for a one-year
period (fixed-rate option) or a seven-year period (market value adjustment
option).

Invested Purchase Payments
Your purchase payments (which we define below) less any deduction we make for
any tax charge.

Joint Owner
The person named as the joint owner, who shares ownership rights with the
owner as defined in the contract. A joint owner must be a natural person.

Market Value Adjustment
An adjustment to your Contract Value or withdrawal proceeds that is based on
the relationship between interest you are currently earning within the market
value adjustment option and prevailing interest rates. This adjustment may be
positive or negative.

Market Value Adjustment Option
This investment option offers a specified guarantee period and pays a fixed
rate of interest. We impose a market value adjustment on withdrawals that you
make from this option prior to the end of a guarantee period.

Prudential Annuity Service Center
For general correspondence: P.O. Box 7960, Philadelphia, PA 19176. For express
overnight mail: 2101 Welsh Road, Dresher, PA 19025. The phone number is
(888) PRU-2888. Prudential's Web site is www.prudential.com.

Purchase Payments
The amount of money you pay us to purchase the contract. Generally, you can
make additional purchase payments at any time during the accumulation phase.

Separate Account
Purchase payments allocated to the variable investment options are held by us
in a separate account called the Pruco Life Flexible Premium Variable Annuity
Account. The Separate Account is set apart from all of the general assets of
Pruco Life.

GLOSSARY continued

Statement of Additional Information
A document containing certain additional information about the Strategic
Partners Select variable annuity. We have filed the Statement of Additional
Information with the Securities and Exchange Commission and it is legally a
part of this prospectus. To learn how to obtain a copy of the Statement of
Additional Information, see the front cover of this prospectus.

Tax Deferral
This is a way to increase your assets without currently being taxed.
Generally, you do not pay taxes on your contract earnings until you take money
out of your contract. You should be aware that tax favored plans (such as
IRAs) already provide tax deferral regardless of whether they invest in
annuity contracts. See Section 8, "What Are The Tax Considerations Associated
With The Strategic Partners Select Contract?"

Variable Investment Option
When you choose a variable investment option, we purchase shares of the
underlying mutual fund that are held as an investment for that option. We hold
these shares in the separate account. The division of the separate account of
Pruco Life that invests in a particular mutual fund is referred to in your
contract as a subaccount.

SUMMARY OF SECTIONS 1-9

For a more complete discussion of the following topics, see the corresponding
section in
Part II of the prospectus.

SECTION 1
What Is The Strategic Partners Select Variable Annuity?
This variable annuity contract, offered by Pruco Life, is a contract between
you, as the owner, and us, the insurance company, Pruco Life Insurance Company
(Pruco Life, we or us). The contract allows you to invest on a tax-deferred
basis in one or more variable investment options. There are also two
interest-rate options which are available in most states, the fixed-rate
option and the market value adjustment option. The contract is intended for
retirement savings or other long-term investment purposes and provides for a
death benefit and guaranteed income options.

The variable investment options available under the contract offer the
opportunity for a favorable return. However, this is NOT guaranteed. It is
possible, due to market changes, that your investments may decrease in value,
including the Prudential Money Market Portfolio variable investment option.

The interest-rate options offer an interest rate that is guaranteed. While
your money is in the fixed-rate option or if your money remains in the market
value adjustment option for a full seven-year period, your principal amount is
guaranteed and the minimum interest amount that your money will earn is
dictated by applicable state law. Payments allocated to the fixed-rate option
become part of Pruco Life's general assets. Payments allocated to the market
value adjustment option are held as a separate pool of assets, but the income,
gains or losses resulting from these assets are not credited or charged
against the contracts. As a result, the strength of our guarantees under these
interest-rate options are based on the overall financial strength of Pruco
Life.

You can invest your money in any or all of the variable investment options and
the interest-rate options. You are allowed 12 transfers each contract year
among the investment options, without a charge. There are certain restrictions
on transfers involving the interest-rate options.

The contract, like all deferred annuity contracts, has two phases: the
accumulation phase and the income phase. During the accumulation phase, any
earnings grow on a tax-deferred basis and are generally only taxed as income
when you make a withdrawal. The income phase starts when you begin receiving
regular payments from your contract. The amount of money you are able to
accumulate in your contract during the accumulation phase will help determine
the amount you will receive during the income phase. Other factors will affect
the amount of your payments such as age, gender and the payout option you
select.

We may amend the contract as permitted by law. For example, we may add new
features to the contract. Subject to applicable law, we determine whether or
not to make such contract amendments available to contracts that already have
been issued.

If you change your mind about owning Strategic Partners Select, you may cancel
your contract within 10 days after receiving it (or whatever time period is
required by applicable law). This time period is referred to as the "Free
Look" period.

SECTION 2
What Investment Options Can I Choose?
You can invest your money in several variable investment options. The variable
investment options are classified according to their investment style, and a
brief description of each portfolio's investment objective and key policies is
set forth in Section 2, to assist you in determining which portfolios may be
of interest to you.

Depending upon market conditions, you may earn or lose money in any of these
options. The value of your contract will fluctuate depending upon the
investment performance of the underlying mutual fund portfolios used by the
variable investment options that you choose. Past performance is not a
guarantee of future results.

You may also allocate your money to fixed interest rate options or a market
value adjustment option.

SECTION 3
What Kind Of Payments Will I Receive During The Income Phase? (Annuitization)
If you want to receive regular income from your annuity, you can choose one of
several options, including guaranteed payments for the annuitant's lifetime.
Generally, once you begin receiving regular payments, you cannot change your
payment plan.

SUMMARY OF SECTIONS 1-9 continued

SECTION 4
What Is The Death Benefit?
If the sole or last surviving annuitant dies during the accumulation phase,
the designated person(s) or the beneficiary will receive, at a minimum, the
current value of the contract.

SECTION 5
How Can I Purchase A Strategic Partners Select Annuity Contract?
You can purchase this contract, unless we agree otherwise and subject to our
rules, with a minimum initial purchase payment of $10,000. You must get our
prior approval for any initial and additional purchase payment of $1,000,000
or more, unless we are prohibited under applicable state law from insisting on
such prior approval. Generally, you can make additional purchase payments of
$500 or more at any time during the accumulation phase of the contract. Your
representative can help you fill out the proper forms.

You may purchase this contract only if the annuitant and co-annuitant are age
85 or younger (69 for qualified contracts unless a minimum distribution option
is elected, in which case the annuitant and co-annuitant may be age 80 or
younger) on the contract date. Certain age limits apply to certain features
and benefits described herein.

SECTION 6
What Are The Expenses Associated With The Strategic Partners Select Contract?
The contract has insurance features and investment features, and there are
costs related to each.

Each year we deduct a $30 contract maintenance charge if your Contract Value
is less than $50,000. For insurance and administrative costs, we also deduct
an annual charge of 1.52% of the average daily value of all assets allocated
to the variable investment options. This charge is not assessed against
amounts allocated to the interest-rate investment options.

There are a few states/jurisdictions that assess a premium tax on us when you
begin receiving regular income payments from your annuity. In those states, we
deduct a charge designed to approximate this tax, which can range from 0-3.5%
of your Contract Value.

There are also expenses associated with the mutual funds. For 2006, the fees
of these funds ranged from 0.37% to 1.19% annually. For certain funds,
expenses are reduced pursuant to expense waivers and comparable arrangements.
In general, these expense waivers and comparable arrangements are not
guaranteed, and may be terminated at any time.

During the accumulation phase, if you withdraw money less than seven years
after the contract date, you may have to pay a withdrawal charge on all or
part of the withdrawal. This charge ranges from 1-7%.

For more information, including details about other possible charges under the
contract, see "Summary Of Contract Expenses" and Section 6, "What Are The
Expenses Associated With The Strategic Partners Select Contract?"

SECTION 7
How Can I Access My Money?
You may withdraw money at any time during the accumulation phase. You may,
however, be subject to income tax and, if you make a withdrawal prior to age
59 1/2, an additional tax penalty as well. Each year, you may withdraw up to
10% of your total purchase payments without charge. Withdrawals greater than
10% of your purchase payments will be subject to a withdrawal charge. We may
impose a withdrawal charge ranging from 1-7%, which decreases 1% each year.
Thereafter, there is no charge for a withdrawal. A market value adjustment may
also apply.

SECTION 8
What Are The Tax Considerations Associated With The Strategic Partners Select
Contract?
Your earnings are generally not taxed until withdrawn. If you withdraw money
during the accumulation phase, earnings are withdrawn first and are taxed as
ordinary income. If you are younger than age 59 1/2 when you take money out,
you may be charged a 10% federal tax penalty on the earnings in addition to
ordinary taxation. A portion of the payments you receive during the income
phase is considered a partial return of your original investment and therefore
will not be taxable as income. Generally, all amounts withdrawn from an
Individual Retirement Annuity (IRA) contract (excluding Roth IRAs) are taxable
and subject to the 10% penalty if withdrawn prior to age 59 1/2.

SECTION 9
Other Information
This contract is issued by Pruco Life Insurance Company (Pruco Life), a
subsidiary of The Prudential Insurance Company of America, and sold by
registered representatives of affiliated and unaffiliated broker/dealers.

RISK FACTORS
There are various risks associated with an investment in the market value
adjustment option that we summarize below.

Issuer Risk. The market value adjustment option, fixed interest rate option,
and the contract's other insurance features are available under a contract
issued by Pruco Life, and thus are backed by the financial strength of that
company. If Pruco Life were to experience significant financial adversity, it
is possible that Pruco Life's ability to pay interest and principal under the
market value adjustment option and fixed interest rate option and to fulfill
its insurance guarantees could be impaired.

Risks Related To Changing Interest Rates. You do not participate directly in
the investment experience of the bonds and other instruments that Pruco Life
holds to support the market value adjustment option. Nonetheless, the market
value adjustment formula reflects the effect that prevailing interest rates
have on those bonds and other instruments. If you need to withdraw your money
prior to the end of a guarantee period and during a period in which prevailing
interest rates have risen above their level when you made your purchase, you
will experience a "negative" market value adjustment. When we impose this
market value adjustment, it could result in the loss of both the interest you
have earned and a portion of your purchase payments. Thus, before you commit
to a particular guarantee period, you should consider carefully whether you
have the ability to remain invested throughout the guarantee period. In
addition, we cannot, of course, assure you that the market value adjustment
option will perform better than another investment that you might have made.

Risks Related To The Withdrawal Charge. We may impose withdrawal charges on
amounts withdrawn from the market value adjustment option. If you anticipate
needing to withdraw your money prior to the end of a guarantee period, you
should be prepared to pay the withdrawal charge that we will impose.

SUMMARY OF CONTRACT EXPENSES

The purpose of this summary is to help you to understand the costs you will
pay for Strategic Partners Select. The following tables describe the fees and
expenses that you will pay when buying, owning, and surrendering the contract.
the first table describes the fees and expenses that you will pay at the time
that you buy the contract, surrender the contract, or transfer cash value
between investment options.

For more detailed information, including additional information about current
and maximum charges, see Section 6, "What Are The Expenses Associated With The
Strategic Partners Select Contract?" The individual fund prospectuses contain
detailed expense information about the underlying mutual funds.

-------------------------------------------------------------------------------
CONTRACTOWNER TRANSACTION EXPENSES
-------------------------------------------------------------------------------
Withdrawal Charge/1/
-------------------------------------------------------------------------------

During contract year 1 7%
-------------------------------------------------------------------------------
During contract year 2 6%
-------------------------------------------------------------------------------
During contract year 3 5%
-------------------------------------------------------------------------------
During contract year 4 4%
-------------------------------------------------------------------------------
During contract year 5 3%
-------------------------------------------------------------------------------
During contract year 6 2%
-------------------------------------------------------------------------------
During contract year 7 1%
-------------------------------------------------------------------------------
Charge for Premium Tax Imposed on us by Certain States/Jurisdictions:
-------------------------------------------------------------------------------
Up to 3.5% of Contract Value
-------------------------------------------------------------------------------
Maximum Transfer Fee/2/
-------------------------------------------------------------------------------
Each transfer after 12 $25.00
-------------------------------------------------------------------------------
Each transfer after 20 (Beneficiary $10.00
Continuation Option only)
-------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own The contract, not including the underlying mutual
funds' fees and expenses.

-------------------------------------------------------------------------------
PERIODIC ACCOUNT EXPENSES
-------------------------------------------------------------------------------

Maximum Annual Contract Fee/3/ $30.00
-------------------------------------------------------------------------------
Insurance and Administrative Expenses
(As a Percentage of Average Contract
Value in Variable Investment Options)
-------------------------------------------------------------------------------
Mortality and Expense Risk: 1.37%
-------------------------------------------------------------------------------
Administrative Fee: 0.15%
-------------------------------------------------------------------------------
Total: 1.52%
-------------------------------------------------------------------------------
Settlement Service Charge/4/ (if the 1.00%
Contract Owner's beneficiary elects
the Beneficiary Continuation Option)
-------------------------------------------------------------------------------

1: As of the beginning of the contract year, you may withdraw up to 10% of the
total purchase payments plus any charge-free amount carried over from the
previous contract year without charge. There is no withdrawal charge on any
withdrawals made under the critical care option (see section 6) or on any
amount used to provide income under the Life Annuity with 120 payments (10
years) certain option. (See Section 3). Withdrawal charges are waived when
a death benefit is paid due to the death of an Annuitant.
2: You will not be charged for transfers made in connection with dollar cost
averaging and auto-rebalancing.
3: This fee is not charged if the value of your contract is $50,000 or more,
or if the withdrawals are made under the critical care access option. This
is a single fee that we assess (a) annually or (b) upon a full withdrawal
made on a date other than a contract anniversary. For beneficiaries who
elect the Beneficiary Continuation Option, the annual contract fee is equal
to the lesser of $30 or 2% of Contract Value if the Contract Value is less
than $25,000 at the time the fee is assessed. The fee will not apply if it
is assessed 30 days prior to a surrender request.
4: The other Insurance and Administrative Expense charges do not apply if you
are a beneficiary under the Beneficiary Continuation Option. Instead, the
Settlement Service Charge set forth here applies, if your beneficiary
elects the Beneficiary Continuation Option. The 1.00% charge is an annual
charge that is assessed daily against the assets in the variable investment
options.

TOTAL ANNUAL MUTUAL FUND OPERATING EXPENSES

The next item shows the minimum and maximum total operating expenses (expenses
that are deducted from underlying mutual fund assets, including management
fees, distribution and/or service (12b-1) fees, and other expenses) charged by
the underlying mutual funds that you may pay periodically during the time that
you own the contract. More detail concerning each underlying mutual fund's
fees and expenses is contained below and in the prospectus for each underlying
mutual fund. The minimum and maximum total operating expenses depicted below
are based on historical fund expenses for the year ended December 31, 2006.
Fund expenses are not fixed or guaranteed by the Strategic Partners Select
contract, and may vary from year to year.

- --------------------------------------------------------------------------------------------------------------------
MINIMUM MAXIMUM
- --------------------------------------------------------------------------------------------------------------------

Total Annual Underlying Mutual Fund 0.37% 1.19%
Operating Expenses*
- --------------------------------------------------------------------------------------------------------------------

* See, "Underlying Mutual Fund Portfolio Annual Expenses" for more detail on
the expenses of the underlying mutual funds.

- -------------------------------------------------------------------------------------------------------------------
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average net assets of the underlying Portfolios)
- -------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------- For the year ended December 31, 2006
UNDERLYING PORTFOLIOS --------------------------------------------------------------
Management Other 12b-1 Fee Acquired Total Annual
Fee Expenses /3/ Portfolio Fees Portfolio
& Expenses /1/ Operating
Expenses /2/
- - -------------------------------------------------------------

Prudential Series Fund
Equity Portfolio 0.45% 0.02% 0.00% 0.00% 0.47%
Global Portfolio 0.75% 0.09% 0.00% 0.00% 0.84%
Jennison Portfolio 0.60% 0.03% 0.00% 0.00% 0.63%
Money Market Portfolio 0.40% 0.03% 0.00% 0.00% 0.43%
Stock Index Portfolio /4/ 0.35% 0.02% 0.00% 0.00% 0.37%
Value Portfolio 0.40% 0.03% 0.00% 0.00% 0.43%
SP Aggressive Growth Asset Allocation Portfolio 0.05% 0.07% 0.00% 0.86% 0.98%
SP Balanced Asset Allocation Portfolio 0.05% 0.01% 0.00% 0.77% 0.83%
SP Conservative Asset Allocation Portfolio 0.05% 0.02% 0.00% 0.72% 0.79%
SP Growth Asset Allocation Portfolio 0.05% 0.01% 0.00% 0.81% 0.87%
SP AIM Core Equity Portfolio 0.85% 0.44% 0.00% 0.00% 1.29%
SP Davis Value Portfolio 0.75% 0.06% 0.00% 0.00% 0.81%
SP International Growth Portfolio /5/ 0.85% 0.12% 0.00% 0.00% 0.97%
SP International Value Portfolio /6/ 0.90% 0.09% 0.00% 0.00% 0.99%
SP Mid Cap Growth Portfolio 0.80% 0.11% 0.00% 0.00% 0.91%
SP PIMCO High Yield Portfolio 0.60% 0.10% 0.00% 0.00% 0.70%
SP PIMCO Total Return Portfolio 0.60% 0.06% 0.00% 0.00% 0.66%
SP Prudential U.S. Emerging Growth Portfolio 0.60% 0.07% 0.00% 0.00% 0.67%
SP Small Cap Growth Portfolio 0.95% 0.19% 0.00% 0.00% 1.14%
SP Small Cap Value Portfolio 0.90% 0.06% 0.00% 0.00% 0.96%
SP Strategic Partners Focused Growth Portfolio 0.90% 0.26% 0.00% 0.00% 1.16%
SP T. Rowe Price Large Cap Growth Portfolio 0.90% 0.29% 0.00% 0.00% 1.19%
Advanced Series Trust /7,8/
AST JPMorgan International Equity Portfolio 0.87% 0.16% 0.00% 0.00% 1.03%
AST MFS Global Equity Portfolio 1.00% 0.25% 0.00% 0.00% 1.25%
AST Small-Cap Value Portfolio 0.90% 0.18% 0.00% 0.00% 1.08%
AST Neuberger Berman Small-Cap Growth Portfolio /9/ 0.95% 0.16% 0.00% 0.00% 1.11%
AST Federated Aggressive Growth Portfolio 0.95% 0.14% 0.00% 0.00% 1.09%
AST DeAM Small-Cap Value Portfolio 0.95% 0.23% 0.00% 0.00% 1.18%
AST Goldman Sachs Mid-Cap Growth Portfolio 1.00% 0.15% 0.00% 0.00% 1.15%
AST Neuberger Berman Mid-Cap Growth Portfolio 0.90% 0.14% 0.00% 0.00% 1.04%
AST Neuberger Berman Mid-Cap Value Portfolio 0.89% 0.11% 0.00% 0.00% 1.00%
AST Mid-Cap Value Portfolio 0.95% 0.21% 0.00% 0.00% 1.16%
AST MFS Growth Portfolio 0.90% 0.13% 0.00% 0.00% 1.03%
AST Marsico Capital Growth Portfolio 0.90% 0.11% 0.00% 0.00% 1.01%

- ------------------------------------------------------------------------------------------------------------------------
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average net assets of the underlying Portfolios)
- ------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- For the year ended December 31, 2006
UNDERLYING PORTFOLIOS --------------------------------------------------------------
Management Other 12b-1 Fee Acquired Total Annual
Fee Expenses /3/ Portfolio Fees Portfolio
& Expenses /1/ Operating
Expenses /2/
- - -------------------------------------------------------------

AST Goldman Sachs Concentrated Growth Portfolio 0.90% 0.13% 0.00% 0.00% 1.03%
AST DeAM Large-Cap Value Portfolio 0.85% 0.15% 0.00% 0.00% 1.00%
AST Large-Cap Value Portfolio 0.75% 0.11% 0.00% 0.00% 0.86%
AST AllianceBernstein Core Value Portfolio 0.75% 0.14% 0.00% 0.00% 0.89%
AST AllianceBernstein Managed Index 500 Portfolio 0.60% 0.14% 0.00% 0.00% 0.74%
AST American Century Income & Growth Portfolio 0.75% 0.15% 0.00% 0.00% 0.90%
AST AllianceBernstein Growth & Income Portfolio 0.75% 0.11% 0.00% 0.00% 0.86%
AST Cohen & Steers Realty Portfolio 1.00% 0.13% 0.00% 0.00% 1.13%
AST T. Rowe Price Natural Resources Portfolio 0.90% 0.13% 0.00% 0.00% 1.03%
AST American Century Strategic Allocation Portfolio /10/ 0.85% 0.21% 0.00% 0.00% 1.06%
AST Advanced Strategies Portfolio 0.85% 0.24% 0.00% 0.00% 1.09%
AST T. Rowe Price Asset Allocation Portfolio 0.85% 0.14% 0.00% 0.00% 0.99%
AST UBS Dynamic Alpha Portfolio /11/ 1.00% 0.21% 0.00% 0.00% 1.21%
AST First Trust Balanced Target Portfolio 0.85% 0.21% 0.00% 0.00% 1.06%
AST First Trust Capital Appreciation Target Portfolio 0.85% 0.19% 0.00% 0.00% 1.04%
AST Aggressive Asset Allocation Portfolio 0.15% 0.05% 0.00% 0.99% 1.19%
AST Capital Growth Asset Allocation Portfolio 0.15% 0.02% 0.00% 0.95% 1.12%
AST Balanced Asset Allocation Portfolio 0.15% 0.02% 0.00% 0.90% 1.07%
AST Conservative Asset Allocation Portfolio 0.15% 0.04% 0.00% 0.89% 1.08%
AST Preservation Asset Allocation Portfolio 0.15% 0.08% 0.00% 0.82% 1.05%
AST T. Rowe Price Global Bond Portfolio 0.80% 0.16% 0.00% 0.00% 0.96%
AST High Yield Portfolio /12/ 0.75% 0.15% 0.00% 0.00% 0.90%
AST Lord Abbett Bond-Debenture Portfolio 0.80% 0.14% 0.00% 0.00% 0.94%
AST PIMCO Limited Maturity Bond Portfolio 0.65% 0.12% 0.00% 0.00% 0.77%
Gartmore Variable Insurance Trust
GVIT Developing Markets /13/ 1.05% 0.35% 0.25% 0.00% 1.65%
Janus Aspen Series
Large Cap Growth Portfolio--Service Shares 0.64% 0.05% 0.25% 0.00% 0.94%

1 Each Asset Allocation Portfolio invests in shares of other Portfolios of
the Fund and the Advanced Series Trust (the Acquired Portfolios). In
addition, each Portfolio may invest otherwise uninvested cash in the Dryden
Core Investment Fund (Money Market and/or Short-Term Bond Series).

Investors in an Asset Allocation Portfolio or other Portfolio indirectly
bear the fees and expenses of the Acquired Portfolios and/or Dryden Core
Investment Fund. The expenses shown in the column "Acquired Portfolio Fees
and Expenses" represent a weighted average of the expense ratios of the
Acquired Portfolios and/or Dryden Core Investment Fund, in which the Asset
Allocation Portfolios or other Portfolios invested during the year ended
December 31, 2006. The Asset Allocation Portfolios do not pay any
transaction fees when they purchase and redeem shares of the Acquired
Portfolios.

Where "Acquired Portfolio Fees and Expenses" are less than 0.01%, such
expenses are included in the column titled "Other Expenses." This may cause
the Total Annual Portfolio Operating Expenses to differ from those set
forth in the Financial Highlights tables of the respective Portfolios.

Effective March 1, 2007, each of the Asset Allocation Portfolios became
responsible for the payment of its own "Other Expenses," including, without
limitation, custodian fees, legal fees, trustee fees and audit fees, in
accordance with the terms of the management agreement. Prior to that time,
Prudential Investments LLC or an affiliate paid the "other expenses" of the
Asset Allocation Portfolios. The table reflects and annualized estimate of
the "Other Expenses" of the Asset Allocation Portfolios for the year ended
December 31, 2006 had the current arrangement been in place during that
year.
2 Prudential Investments LLC has voluntarily agreed to waive a portion of its
management fee and/or limit total expenses (expressed as an annual
percentage of average daily net assets) for certain Portfolios of the Fund.
These arrangements, which are set forth as follows, may be discontinued or
otherwise modified at any time. Equity Portfolio: 0.75%; Jennison
Portfolio: 0.75%; Money Market Portfolio: 0.75%; Stock Index Portfolio:
0.75%; Value Portfolio: 0.75%; SP AIM Core Equity Portfolio: 1.00%; SP
International Value Portfolio: 1.00%; SP International Growth Portfolio:
1.24%; SP Mid Cap Growth Portfolio: 1.00%; SP PIMCO High Yield Portfolio:
0.82%; SP PIMCO Total Return Portfolio: 0.76%; SP Small Cap Growth
Portfolio: 1.15%; SP Small Cap Value Portfolio: 1.05%; SP T. Rowe Price
Large Cap Growth Portfolio: 1.06%.
3 As noted above, shares of the Portfolios generally are purchased through
variable insurance products. Many of the Portfolios and/or their investment
advisers and/or distributors have entered into arrangements with us as the
issuer of each Annuity under which they compensate us for providing ongoing
services in lieu of the Trust providing such services. Amounts paid by a
Portfolio under those arrangements are included under "Other Expenses." For
more information see the prospectus for each underlying portfolio and
Variable Investment Options in this section.
4 The Portfolio's contractual management fee rate is as follows: 0.35% for
average net assets up to $4 billion, and 0.30% for average net assets in
excess of $4 billion.

5 Effective November 13, 2006, Marsico Capital Management, LLC was added as a
Sub-advisor to the Portfolio. Prior to November 13, 2006, William Blair &
Company, LLC served as the sole Sub-advisor of the Portfolio, then named
the "SP William Blair International Growth Portfolio."
6 Effective November 13, 2006, Thornburg Investment Management, Inc. was
added as a Sub-advisor to the Portfolio. Prior to November 13, 2006,
Thornburg Investment Management, Inc. served as the sole Sub-advisor of the
Portfolio, then named the "SP LSV International Value Portfolio."
7 The AST Aggressive Asset Allocation, the AST Balanced Asset Allocation, the
AST Capital Growth Asset Allocation, the AST Conservative Asset Allocation
and the AST Preservation Asset Allocation Portfolios (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 "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 the column
titled "Other Expenses." This may cause the Total Annual Portfolio
Operating Expenses to differ from those set forth in the Financial
Highlights tables in the prospectus for the Portfolios.
8 The total actual operating expenses for certain of the Portfolios listed
above for the year ended December 31, 2006 were 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.
9 Effective May 1, 2007, Neuberger Berman Management, Inc. became Sub-advisor
to the Portfolio. Prior to May 1, 2007, Deutsche Asset Management, Inc.
served as Sub-advisor of the Portfolio, then named the "AST DeAM Small-Cap
Growth Portfolio."
10 Prior to May 1, 2007 the Portfolio was named the "AST American Century
Strategic Balanced Portfolio."
11 Prior to May 1, 2007 the Portfolio was named the "AST Global Allocation
Portfolio." Expenses shown are the annualized estimated operating expense
for AST UBS Dynamic Alpha Portfolio effective May 1, 2007. Operating
expenses for the AST Global Allocation Portfolio based upon the year ended
December 31, 2006 would be as follows: Shareholder Fees (fees paid directly
from your investment) - None; Management Fees - .10%; Distribution (12b-1)
Fees - None; Other Expenses - .09%; Acquired Portfolio Fees & Expenses -
.88%; Total Annual Portfolio Operating Expenses - 1.07%.
12 Effective June 16, 2006, Goldman Sachs Asset Management L.P. no longer
serves as a Co-Sub-advisor to the Portfolio.
13 Effective January 1, 2006, the management fee was lowered by 0.10% to the
base fee described above. Beginning January 1, 2007, the management fee may
be adjusted, on a quarterly basis, upward or downward depending on the
Fund's performance relative to its benchmark, the MSCI Emerging Markets
Free Index. As a result, beginning January 1, 2007, if the management fee
were calculated taking into account the current base fee (as stated in the
table above) and the maximum performance fee adjustment of 0.10% (+/-), the
management fee could range from 0.95% at its lowest to 1.15% at its highest.

EXPENSE EXAMPLES
These examples are intended to help you compare the cost of investing in the
contract with the cost of investing in other variable Annuity contracts. these
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying mutual fund fees and expenses.

The examples assume that you invest $10,000 in the contract for the time
periods indicated. the examples also assume that your investment has a 5%
return each year and assume the maximum fees and expenses of any of the mutual
funds, which do not reflect any expense reimbursements or waivers. Although
your actual costs may be higher or lower, based on these assumptions, your
costs would be as indicated in the tables that follow.

Example 1: If You Withdraw Your Assets
Example 1 assumes that:
.. You invest $10,000 in Strategic Partners Select;
.. You allocate all of your assets to the variable investment option having
the maximum total operating expenses;
.. You withdraw all your assets at the end of the time period indicated;
.. Your investment has a 5% return each year; and
.. The mutual fund's total operating expenses remain the same each year.

Example 2: If You Do Not Withdraw Your Assets
Example 2 assumes that:
.. You invest $10,000 in Strategic Partners Select;
.. You allocate all of your assets to the variable investment option having
the maximum total operating expenses;
.. You DO NOT WITHDRAW any of your assets at the end of the time period
indicated;
.. Your investment has a 5% return each year; and
.. The mutual fund's total operating expenses remain the same each year.

Notes for Expense Examples:
These Examples should not be considered a representation of past or future
expenses. Actual expenses may be greater or less than those shown.

Note that withdrawal charges (which are reflected in Example 1) are assessed
in connection with some annuity options, but not others.

The values shown in the 10 year column are the same for Example 1 and 2. This
is because after 10 years, we would no longer deduct withdrawal charges when
you make a withdrawal or when you begin the income phase of your contract.

If your Contract Value is less than $50,000, on your contract anniversary (or
upon a surrender), we deduct a $30 fee. The examples use an average annual
contract fee, which we calculated based on our estimate of the total contract
fees we expect to collect in 2007. Your actual fees will vary based on the
amount of your contract and your specific allocation(s).

Premium taxes are not reflected in the examples. We deduct a charge to
approximate premium taxes that may be imposed on us in your state. This charge
is generally deducted from the amount applied to an annuity payout option.

The table of accumulation unit values appears in the appendix to this
prospectus.

Example 1: Example 2:
-----------------------------------------------------------------
If you withdraw your assets If you do not withdraw your assets
-----------------------------------------------------------------
1 yr 3 yrs 5 yrs 10 yrs 1 yr 3 yrs 5 yrs 10 yrs
-----------------------------------------------------------------

$980 $1,515 $2,073 $3,747 $350 $1,065 $1,803 $3,747
-----------------------------------------------------------------

THIS PAGE IS INTENTIONALLY LEFT BLANK.

PART II SECTIONS 1-9
- --------------------------------------------------------------------------------

STRATEGIC PARTNERS SELECT PROSPECTUS

1: WHAT IS THE STRATEGIC PARTNERS SELECT VARIABLE ANNUITY?

The Strategic Partners Select Variable Annuity is a contract between you, the
owner, and us, the insurance company, Pruco Life Insurance Company (Pruco
Life, we or us).

Under our contract or agreement, in exchange for your payment to us, we
promise to pay you a guaranteed income stream that can begin any time after
the first contract anniversary. (Maryland residents must wait until the end of
the seventh contract year.) Your annuity is in the accumulation phase until
you decide to begin receiving annuity payments. The date you begin receiving
annuity payments is the annuity date. On the annuity date, your contract
switches to the income phase.

This annuity contract benefits from tax deferral when it is sold outside a
tax-favored plan (generally called a non-qualified annuity). Tax deferral
means that you are not taxed on earnings or appreciation on the assets in your
contract until you withdraw money from your contract.

If you purchase the annuity contract in a tax-favored plan such as an IRA,
that plan generally provides tax deferral even without investing in an annuity
contract. In other words, you need not purchase this contract to gain the
preferential tax treatment provided by your retirement plan. Therefore, before
purchasing an annuity in a tax-favored plan, you should consider whether its
features and benefits beyond tax deferral, including the death benefit and
income benefits, meet your needs and goals. You should consider the relative
features, benefits and costs of this annuity compared with any other
investment that you may use in connection with your retirement plan or
arrangement.

Strategic Partners Select is a variable annuity contract. This means that
during the accumulation phase, you can allocate your assets among the variable
investment options as well as guaranteed interest-rate options. (If you live
in Maryland, Oregon or Washington, the market value adjustment option is not
available to you.) If you select a variable investment option, the amount of
money you are able to accumulate in your contract during the accumulation
phase depends upon the investment performance of the underlying mutual fund
associated with that variable investment option.

Because the underlying mutual funds' portfolios fluctuate in value depending
upon market conditions, your Contract Value can either increase or decrease.
This is important, since the amount of the annuity payments you receive during
the income phase depends upon the value of your contract at the time you begin
receiving payments.

As mentioned above, Strategic Partners Select also offers interest-rate
options: a fixed-rate option and a market value adjustment option. The
fixed-rate option offers an interest rate that is guaranteed by us for one
year and will not be less than the minimum interest rate dictated by
applicable state law. The market value adjustment option guarantees a stated
interest rate, generally higher than the fixed-rate option. However, in order
to get the full benefit of the stated interest rate, assets in this option
must be held for a seven-year period.

As the owner of the contract, you have all of the decision-making rights under
the contract. You will also be the annuitant unless you designate someone
else. The annuitant(s) is the person upon whose death during the accumulation
phase, the death benefit is payable. The annuitant is the person who receives
the annuity payments when the income phase begins. The annuitant is also the
person whose life is used to determine the amount of these payments and how
long (if applicable) the payments will continue once the annuity phase begins.
On or after the annuity date, the annuitant may not be changed.

The beneficiary is the person(s) or entity you designate to receive any death
benefit. You may change the beneficiary any time prior to the annuity date by
making a written request to us.

SHORT TERM CANCELLATION RIGHT OR "FREE LOOK"
If you change your mind about owning Strategic Partners Select, you may cancel
your contract within 10 days after receiving it (or whatever period is
required by applicable law). You can request a refund by returning the
contract either to the representative who sold it to you, or to the Prudential
Annuity Service Center at the address shown on the first page of this
prospectus. You will receive, depending on applicable state law:
.. Your full purchase payment, less any applicable federal and state income
tax withholding; or
.. The amount your contract is worth as of the day we receive your request,
less any applicable federal and state income tax withholding. This amount
may be more or less than your original payment. We impose neither a
withdrawal charge nor any market value adjustment if you cancel your
contract under this provision.

To the extent dictated by state law, we will include in your refund the amount
of any fees and charges that we deducted.

2: WHAT INVESTMENT OPTIONS CAN I CHOOSE?

The contract gives you the choice of allocating your purchase payments to any
of the variable investment options, and fixed interest-rate options.

The variable investment options invest in underlying mutual funds managed by
leading investment advisers. These underlying mutual funds may sell their
shares to both variable annuity and variable life separate accounts of
different insurance companies, which could create the kinds of risks that are
described in more detail in the current prospectus for the underlying mutual
fund. The current prospectuses for the underlying mutual funds also contain
important information about the mutual funds. When you invest in a variable
investment option that is funded by a mutual fund, you should read the mutual
fund prospectus and keep it for future reference. The mutual fund options that
you select are your choice. We do not recommend or endorse any particular
underlying mutual fund.

VARIABLE INVESTMENT OPTIONS
The following chart classifies each of the portfolios based on our assessment
of their investment style (as of the date of this prospectus). The chart also
provides a description of each portfolio's investment objective and a short,
summary description of their key policies to assist you in determining which
portfolios may be of interest to you. What appears in the chart below is
merely a summary - please consult the portfolio's prospectus for a
comprehensive discussion of the portfolio's investment policies. There is no
guarantee that any portfolio will meet its investment objective. The name of
the adviser/sub-adviser for each portfolio appears next to the description.

The Jennison Portfolio, Prudential Equity Portfolio, Prudential Global
Portfolio, Prudential Money Market Portfolio, Prudential Stock Index
Portfolio, Prudential Value Portfolio, and each "SP" Portfolio of the
Prudential Series Fund, are managed by an indirect, wholly-owned subsidiary of
Prudential Financial, Inc. called Prudential Investments LLC (PI) under a
"manager-of-managers" approach.

Under the manager-of-managers approach, PI has the ability to assign
sub-advisers to manage specific portions of a portfolio, and the portion
managed by a sub-adviser may vary from 0% to 100% of the portfolio's assets.
The sub-advisers that manage some or all of a Prudential Series Fund portfolio
are listed on the following chart.

Under the agreement through which Prudential Financial, Inc. acquired American
Skandia Life Assurance Corporation and certain of its affiliates in May 2003,
Prudential Financial may not use the "American Skandia" name in any context
after May 1, 2008. Therefore, Prudential Financial has begun a "rebranding"
project that involves renaming certain American Skandia legal entities. As
pertinent to this annuity: 1) American Skandia Investment Services, Inc. has
been renamed AST Investment Services, Inc.; and 2) American Skandia Trust has
been renamed Advanced Series Trust. These name changes will not impact the
manner in which customers do business with Prudential. The portfolios of the
Advanced Series Trust are co-managed by PI and AST Investment Services, Inc.
also under a manager-of- managers approach. AST Investment Services, Inc. is
an indirect, wholly-owned subsidiary of Prudential Financial, Inc.

A fund or portfolio may have a similar name or an investment objective and
investment policies resembling those of a mutual fund managed by the same
investment adviser that is sold directly to the public. Despite such
similarities, there can be no assurance that the investment performance of any
such fund or portfolio will resemble that of the publicly available mutual
fund.

Pruco Life has entered into agreements with certain underlying portfolios
and/or the investment adviser or distributor of such portfolios. Pruco Life
may provide administrative and support services to such portfolios pursuant to
the terms of these agreements and under which it receives a fee of up to 0.55%
annually (as of May 1, 2007) of the average assets allocated to the portfolio
under the contract. These agreements, including the fees paid and services
provided, can vary for each underlying mutual fund whose portfolios are
offered as sub-accounts. In addition, an investment adviser, sub-adviser or
distributor of the underlying portfolios may also compensate us by providing
reimbursement, defraying the costs of, or paying directly for, among other
things, marketing and/or administrative services and/or other services they
provide in connection with the contract. These services may include, but are
not limited to: sponsoring or co-sponsoring various promotional, educational
or marketing meetings and seminars attended by distributors, wholesalers,
and/or broker dealer firms' registered representatives, and creating marketing
material discussing the contract, available options, and underlying
portfolios. The amounts paid depend on the nature of the meetings, the number
of meetings attended by the adviser, sub-adviser, or distributor, the number
of participants and attendees at the meetings, the costs expected to be
incurred, and the level of the adviser's, sub-adviser's or distributor's
participation. These payments or reimbursements may not be offered by all
advisers, sub-advisers, or distributors, and the amounts of such payments may
vary between and among each adviser, sub-adviser, and distributor depending on
their respective participation. During 2006, with regard to amounts that were
paid under these kinds of arrangements, the amounts ranged from approximately
$53 to approximately $190.514. These amounts may have been paid to one or more
Prudential-affiliated insurers issuing individual variable annuities.

As detailed in the Prudential Series Fund prospectus, although the Prudential
Money Market Portfolio is designed to be a stable investment option, it is
possible to lose money in that portfolio. For example, when prevailing
short-term interest rates are very low, the yield on the Prudential Money
Market Portfolio may be so low that, when separate account and contract
charges are deducted, you experience a negative return.

Upon the introduction of the Advanced Series Trust Asset Allocation Portfolios
on December 5, 2005, we ceased offering the Prudential Series Fund Asset
Allocation Portfolios to new purchasers and to existing contract owners who
had not previously invested in those Portfolios. However, a contract owner who
had Contract Value allocated to a Prudential Series Fund Asset Allocation
Portfolio prior to December 5, 2005 may continue to allocate purchase payments
to that Portfolio after that date. In addition, after December 5, 2005, we
ceased offering the Prudential Series Fund SP Large Cap Value Portfolio to new
purchasers and to existing contract owners who had not previously invested in
that Portfolio. However, a contract owner who had Contract Value allocated to
the SP Large Cap Value Portfolio prior to December 5, 2005 may continue to
allocate purchase payments to that Portfolio after that date.

2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

-------------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
-------------------------------------------------------------------
THE PRUDENTIAL SERIES FUND
-------------------------------------------------------------------
LARGE Jennison Portfolio: seeks long-term Jennison
CAP growth of capital. The Portfolio Associates LLC
GROWTH invests primarily in equity
securities of major, established
corporations that the subadviser
believes offer above-average growth
prospects. The Portfolio may invest
up to 30% of its total assets in
foreign securities. Stocks are
selected on a company-by-company
basis using fundamental analysis.
Normally 65% of the Portfolio's total
assets are invested in common stocks
and preferred stocks of companies
with capitalization in excess of $1
billion.
-------------------------------------------------------------------
LARGE Equity Portfolio: seeks long-term Jennison
CAP growth of capital. The Portfolio Associates LLC;
BLEND invests at least 80% of its net ClearBridge
assets plus borrowings for investment Advisors, LLC
purposes in common stocks of major
established corporations as well as
smaller companies that the Sub
advisers believe offer attractive
prospects of appreciation. In the
Jennison portion, over a full market
cycle, the subadviser seeks to
outperform the S&P 500 Index by
investing in a portfolio with
earnings growth greater than the
index at valuations comparable to
that of the index.
-------------------------------------------------------------------
INTER Global Portfolio: seeks long-term LSV Asset
NATIONAL growth of capital. The Portfolio Management/
EQUITY invests primarily in common stocks Marsico Capital
(and their equivalents) of foreign Management, LLC/
and U.S. companies. Each Sub-adviser T. Rowe Price
for the Portfolio generally will use Associates, Inc./
either a "growth" approach or a William Blair &
"value" approach in selecting either Company, LLC
foreign or U.S. common stocks.
-------------------------------------------------------------------
FIXED Money Market Portfolio: seeks maximum Prudential
INCOME current income consistent with the Investment
stability of capital and the Management, Inc.
maintenance of liquidity. The
Portfolio invests in high-quality
short-term money market instruments
issued by the U.S. Government or its
agencies, as well as by corporations
and banks, both domestic and foreign.
The Portfolio will invest only in
instruments that mature in thirteen
months or less, and which are
denominated in U.S. dollars.
-------------------------------------------------------------------
LARGE Value Portfolio: seeks long-term Jennison
CAP growth of capital through Associates LLC
VALUE appreciation and income. The
Portfolio invests primarily in common
stocks that the subadviser believes
are undervalued - those stocks that
are trading below their underlying
asset value, cash generating ability
and overall earnings and earnings
growth. There is a risk that "value"
stocks can perform differently from
the market as a whole and other types
of stocks and can continue to be
undervalued by the markets for long
periods of time. Normally at least
65% of the Portfolio's total assets
is invested in the common stock and
convertible securities of companies
that the subadviser believes will
provide investment returns above
those of the Russell 1000(R) Value
Index. Most of the investments will
be securities of large capitalization
companies. The Portfolio may invest
up to 25% of its total assets in real
estate investment trusts (REITs) and
up to 30% of its total assets in
foreign securities.
-------------------------------------------------------------------
ASSET SP Aggressive Growth Asset Allocation Prudential
ALLOCA- Portfolio: seeks to obtain the Investments LLC
TION/ highest potential total return
BALANCED consistent with the specified level
of risk tolerance. The Portfolio may
invest in any other Portfolio of the
Fund (other than another SP Asset
Allocation Portfolio), and the AST
Marsico Capital Growth Portfolio of
Advanced Series Trust (AST) (the
Underlying Portfolios). Under normal
circumstances, the Portfolio
generally will focus on equity
Underlying Portfolios but will also
invest in fixed-income Underlying
Portfolios.
-------------------------------------------------------------------
ASSET SP Balanced Asset Allocation Prudential
ALLOCA- Portfolio: seeks to obtain the Investments LLC
TION/ highest potential total return
BALANCED consistent with the specified level
of risk tolerance. The Portfolio may
invest in any other Portfolio of the
Fund (other than another SP Asset
Allocation Portfolio), and the AST
Marsico Capital Growth Portfolio of
Advanced Series Trust (AST) (the
Underlying Portfolios). The Portfolio
will invest in equity and
fixed-income Underlying Portfolios.
-------------------------------------------------------------------

--------------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
--------------------------------------------------------------------
ASSET SP Conservative Asset Allocation Prudential
ALLOCA- Portfolio: seeks to obtain the Investments LLC
TION/ highest potential total return
BALANCED consistent with the specified level
of risk tolerance. The Portfolio may
invest in any other Portfolio of the
Fund (other than another SP Asset
Allocation Portfolio), and the AST
Marsico Capital Growth Portfolio of
Advanced Series Trust (AST) (the
Underlying Portfolios). Under normal
circumstances, the Portfolio
generally will focus on fixed-income
Underlying Portfolios but will also
invest in equity Underlying
Portfolios.
--------------------------------------------------------------------
ASSET SP Growth Asset Allocation Portfolio: Prudential
ALLOCA- seeks to obtain the highest potential Investments LLC
TION/ total return consistent with the
BALANCED specified level of risk tolerance.
The Portfolio may invest in any other
Portfolio of the Fund (other than
another SP Asset Allocation
Portfolio), and the AST Marsico
Capital Growth Portfolio of Advanced
Series Trust (AST) (the Underlying
Portfolios). Under normal
circumstances, the Portfolio
generally will focus on equity
Underlying Portfolios but will also
invest in fixed-income Underlying
Portfolios.
--------------------------------------------------------------------
LARGE SP AIM Core Equity Portfolio: seeks A I M Capital
CAP long-term growth of capital. The Management, Inc.
BLEND Portfolio normally invests at least
80% of investable assets in equity
securities, including convertible
securities of established companies
that have long-term above-average
growth in earnings and growth
companies that the subadviser
believes have the potential for
above-average growth in earnings.
--------------------------------------------------------------------
LARGE SP Davis Value Portfolio: seeks Davis Selected
CAP growth of capital. The Portfolio Advisers, L.P.
VALUE invests primarily in common stocks of
U.S. companies with market
capitalizations within the market
capitalization range of the Russell
1000 Value Index. It may also invest
in stocks of foreign companies and
U.S. companies with smaller
capitalizations. The subadviser
attempts to select common stocks of
businesses that possess
characteristics that the subadviser
believe foster the creation of
long-term value, such as proven
management, a durable franchise and
business model, and sustainable
competitive advantages. The
subadviser aims to invest in such
businesses when they are trading at a
discount to their intrinsic worth.
There is a risk that "value" stocks
can perform differently from the
market as a whole and other types of
stocks and can continue to be
undervalued by the markets for long
periods of time.
--------------------------------------------------------------------
INTER SP International Value Portfolio LSV Asset
NATIONAL (formerly SP LSV International Value Management,
EQUITY Portfolio): seeks capital growth. The Thornburg
Portfolio normally invests at least Investment
65% of the Portfolio's investable Management, Inc.
assets (net assets plus borrowings
made for investment purposes) in the
equity securities of companies in
developed countries outside the
United States that are represented in
the MSCI EAFE Index.
--------------------------------------------------------------------
MID CAP SP Mid Cap Growth Portfolio: seeks Calamos Advisors
GROWTH long-term growth of capital. The LLC
Portfolio normally invests at least
80% of investable assets in common
stocks and related securities, such
as preferred stocks, convertible
securities and depositary receipts
for those securities. These
securities typically are of medium
market capitalizations, which the
subadviser believes have
above-average growth potential. The
Portfolio generally defines medium
market capitalization companies as
those companies with market
capitalizations within the market
capitalization range of the Russell
Mid Cap Growth Index. The Portfolio's
investments may include securities
listed on a securities exchange or
traded in the over-the-counter
markets. The subadviser uses a
bottom-up and top-down analysis in
managing the Portfolio. This means
that securities are selected based
upon fundamental analysis, as well as
a top-down approach to
diversification by industry and
company, and by paying attention to
macro-level investment themes. The
Portfolio may invest in foreign
securities (including emerging
markets securities).
--------------------------------------------------------------------
FIXED SP PIMCO High Yield Portfolio: seeks Pacific Investment
INCOME to maximize total return consistent Management
with preservation of capital and Company LLC
prudent investment management. The (PIMCO)
Portfolio will invest in a
diversified portfolio of fixed-income
investment instruments of varying
maturities. The average portfolio
duration of the Portfolio generally
will vary within a two- to six-year
time frame based on the Sub-advisor's
forecast for interest rates.
--------------------------------------------------------------------

2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

-------------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
-------------------------------------------------------------------
FIXED SP PIMCO Total Return Portfolio: Pacific Investment
INCOME seeks to maximize total return Management
consistent with preservation of Company LLC
capital and prudent investment (PIMCO)
management. The Portfolio will invest
in a diversified portfolio of
fixed-income investment instruments
of varying maturities. The average
portfolio duration of the Portfolio
generally will vary within a three-
to six-year time frame based on the
Sub-advisor's forecast for interest
rates.
-------------------------------------------------------------------
MID CAP SP Prudential U.S. Emerging Growth Jennison
GROWTH Portfolio: seeks long-term capital Associates LLC
appreciation. The Portfolio normally
invests at least 80% of investable
assets in equity securities of small
and medium sized U.S. companies that
the subadviser believes have the
potential for above-average earnings
growth. The subadviser seeks to
invest in companies that it believes
are poised to benefit from an
acceleration of growth or an
inflection point in a company's
growth rate that is not currently
reflected in the stock price. The
team uses a research-intensive
approach based on internally
generated fundamental research.
-------------------------------------------------------------------
SMALL SP Small Cap Growth Portfolio: seeks Eagle Asset
CAP long-term capital growth. The Management/
GROWTH Portfolio pursues its objective by Neuberger Berman
primarily investing in the common Management, Inc.
stocks of small-capitalization
companies, which is defined as a
company with a market capitalization,
at the time of purchase, no larger
than the largest capitalized company
included in the Russell 2000 Index
during the most recent 11-month
period (based on month-end data) plus
the most recent data during the
current month.
-------------------------------------------------------------------
SMALL SP Small-Cap Value Portfolio: seeks Goldman Sachs
CAP long-term capital growth. The Asset
VALUE Portfolio normally invests at least Management, L.P.;
80% its net assets plus borrowings ClearBridge
for investment purposes in the equity Advisors, LLC
securities of small capitalization
companies. The Portfolio focuses on
equity securities that are believed
to be undervalued in the marketplace.
-------------------------------------------------------------------
LARGE SP Strategic Partners Focused Growth AllianceBernstein
CAP Portfolio: seeks long-term growth of L.P.; Jennison
GROWTH capital. The Portfolio normally Associates LLC
invests at least 65% of total assets
in equity-related securities of U.S.
companies that the subadvisers
believe to have strong capital
appreciation potential. The
Portfolio's strategy is to combine
the efforts of two subadvisers and to
invest in the favorite stock
selection ideas of three portfolio
managers (two of whom invest as a
team). Each investment Sub-adviser to
the Portfolio utilizes a growth
style: Jennison selects approximately
20 securities and AllianceBernstein
selects approximately 30 securities.
The portfolio managers build a
portfolio with stocks in which they
have the highest confidence and may
invest more than 5% of the
Portfolio's assets in any one issuer.
The Portfolio is nondiversified,
meaning it can invest a relatively
high percentage of its assets in a
small number of issuers. Investing in
a nondiversified portfolio,
particularly a portfolio investing in
approximately 50 equity-related
securities, involves greater risk
than investing in a diversified
portfolio because a loss resulting
from the decline in the value of one
security may represent a greater
portion of the total assets of a
nondiversified portfolio.
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LARGE Stock Index Portfolio: seeks Quantitative
CAP investment results that generally Management
BLEND correspond to the performance of Associates LLC
publicly-traded common stocks. With
the price and yield performance of
the Standard & Poor's 500 Composite
Stock Price Index (S&P 500) as the
benchmark, the Portfolio normally
invests at least 80% of investable
assets in S&P 500 stocks. The S&P 500
represents more than 70% of the total
market value of all publicly-traded
common stocks and is widely viewed as
representative of publicly-traded
common stocks as a whole. The
Portfolio is not "managed" in the
traditional sense of using market and
economic analyses to select stocks.
Rather, the portfolio manager
purchases stocks in proportion to
their weighting in the S&P 500.
-------------------------------------------------------------------
LARGE SP T. Rowe Price Large-Cap Growth T. Rowe Price
CAP Portfolio: seeks long-term capital Associates, Inc.
GROWTH growth. Under normal circumstances,
the Portfolio invests at least 80% of
its net assets plus borrowings for
investment purposes in the equity
securities of large-cap companies.
The Sub-adviser generally looks for
companies with an above-average rate
of earnings and cash flow growth and
a lucrative niche in the economy that
gives them the ability to sustain
earnings momentum even during times
of slow economic growth.
-------------------------------------------------------------------

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STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
-------------------------------------------------------------------
INTER- SP International Growth Portfolio Marsico Capital
NATIONAL (formerly, SP William Blair Management, LLC;
EQUITY International Growth Portfolio): William Blair &
seeks long-term capital appreciation. Company, LLC.
The Portfolio invests primarily in
equity-related securities of foreign
issuers. The Portfolio invests
primarily in the common stock of
large and medium-sized foreign
companies, although it may also
invest in companies of all sizes.
Under normal circumstances, the
Portfolio invests at least 65% of its
total assets in common stock of
foreign companies operating or based
in at least five different countries,
which may include countries with
emerging markets. The Portfolio looks
primarily for stocks of companies
whose earnings are growing at a
faster rate than other companies or
which offer attractive growth
potential.
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ADVANCED SERIES TRUST
-------------------------------------------------------------------
ASSET AST Advanced Strategies Portfolio: LSV Asset
ALLOCA seeks a high level of absolute Management;
TION/ return. The Portfolio invests Marsico Capital
BALANCED primarily in a diversified portfolio Management,
of equity and fixed income securities LLC; Pacific
across different investment Investment
categories and investment managers. Management
The Portfolio pursues a combination Company LLC
of traditional and non-traditional (PIMCO);
investment strategies. T. Rowe Price
Associates, Inc.;
William Blair &
Company, L.L.C.
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ASSET AST Aggressive Asset Allocation AST Investment
ALLOCA Portfolio: seeks the highest Services, Inc./
TION/ potential total return consistent Prudential
BALANCED with its specified level of risk Investments LLC
tolerance. The Portfolio will invest
its assets in several other Advanced
Series Trust Portfolios. Under normal
market conditions, the Portfolio will
devote between 92.5% to 100% of its
net assets to underlying portfolios
investing primarily in equity
securities, and 0% to 7.5% of its net
assets to underlying portfolios
investing primarily in debt
securities and money market
instruments.
-------------------------------------------------------------------
LARGE AST AllianceBernstein Core Value AllianceBernstein
CAP Portfolio: seeks long-term capital L.P.
VALUE growth by investing primarily in
common stocks. The Sub-advisor
expects that the majority of the
Portfolio's assets will be invested
in the common stocks of large
companies that appear to be
undervalued. Among other things, the
Portfolio seeks to identify
compelling buying opportunities
created when companies are
undervalued on the basis of investor
reactions to near-term problems or
circumstances even though their
long-term prospects remain sound. The
Sub-advisor seeks to identify
individual companies with earnings
growth potential that may not be
recognized by the market at large.
-------------------------------------------------------------------
LARGE AST AllianceBernstein Growth & Income AllianceBernstein
CAP Portfolio: seeks long-term growth of L.P.
VALUE capital and income while attempting
to avoid excessive fluctuations in
market value. The Portfolio normally
will invest in common stocks (and
securities convertible into common
stocks). The Sub-advisor will take a
value-oriented approach, in that it
will try to keep the Portfolio's
assets invested in securities that
are selling at reasonable valuations
in relation to their fundamental
business prospects. The stocks that
the Portfolio will normally invest in
are those of seasoned companies.
-------------------------------------------------------------------
LARGE AST AllianceBernstein Managed Index AllianceBernstein
CAP 500 Portfolio: seeks to outperform L.P.
BLEND the Standard & Poor's 500 Composite
Stock Price Index (the "S&P 500")
through stock selection resulting in
different weightings of common stocks
relative to the index. The Portfolio
will invest, under normal
circumstances, at least 80% of its
net assets in securities included in
the S&P(R) 500.
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2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

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STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
-------------------------------------------------------------------
LARGE AST American Century Income & Growth American Century
CAP Portfolio: seeks capital growth with Investment
VALUE current income as a secondary Management, Inc.
objective. The Portfolio invests
primarily in common stocks that offer
potential for capital growth, and
may, consistent with its investment
objective, invest in stocks that
offer potential for current income.
The Sub-advisor utilizes a
quantitative management technique
with a goal of building an equity
portfolio that provides better
returns than the S&P 500 Index
without taking on significant
additional risk and while attempting
to create a dividend yield that will
be greater than the S&P 500 Index.
-------------------------------------------------------------------
ASSET AST American Century Strategic American Century
ALLOCA Allocation Portfolio (formerly known Investment
TION/ as AST American Century Strategic Management, Inc.
BALANCED Balanced Portfolio): seeks capital
growth and current income. The
Sub-advisor intends to maintain
approximately 60% of the Portfolio's
assets in equity securities and the
remainder in bonds and other fixed
income securities. Both the
Portfolio's equity and fixed income
investments will fluctuate in value.
The equity securities will fluctuate
depending on the performance of the
companies that issued them, general
market and economic conditions, and
investor confidence. The fixed income
investments will be affected
primarily by rising or falling
interest rates and the credit quality
of the issuers.
-------------------------------------------------------------------
ASSET AST Balanced Asset Allocation AST Investment
ALLOCA Portfolio: seeks the highest Services, Inc./
TION/ potential total return consistent Prudential
BALANCED with its specified level of risk Investments LLC
tolerance. The Portfolio will invest
its assets in several other Advanced
Series Trust Portfolios. Under normal
market conditions, the Portfolio will
devote between 57.5% to 72.5% of its
net assets to underlying portfolios
investing primarily in equity
securities, and 27.5% to 42.5% of its
net assets to underlying portfolios
investing primarily in debt
securities and money market
instruments.
-------------------------------------------------------------------
ASSET AST Capital Growth Asset Allocation AST Investment
ALLOCA Portfolio: seeks the highest Services, Inc./
TION/ potential total return consistent Prudential
BALANCED with its specified level of risk Investments LLC
tolerance. The Portfolio will invest
its assets in several other Advanced
Series Trust Portfolios. Under normal
market conditions, the Portfolio will
devote between 72.5% to 87.5% of its
net assets to underlying portfolios
investing primarily in equity
securities, and 12.5% to 27.5% of its
net assets to underlying portfolios
investing primarily in debt
securities and money market
instruments.
-------------------------------------------------------------------
SPECIALTY AST Cohen & Steers Realty Portfolio: Cohen & Steers
seeks to maximize total return Capital
through investment in real estate Management, Inc.
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 will
invest substantially all of its
assets in the equity securities of
real estate companies, i.e., a
company that derives at least 50% of
its revenues from 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
or REITs.
-------------------------------------------------------------------
ASSET AST Conservative Asset Allocation AST Investment
ALLOCA Portfolio: seeks the highest Services, Inc./
TION/ potential total return consistent Prudential
BALANCED with its specified level of risk Investments LLC
tolerance. The Portfolio will invest
its assets in several other Advanced
Series Trust Portfolios. Under normal
market conditions, the Portfolio will
devote between 47.5% to 62.5% of its
net assets to underlying portfolios
investing primarily in equity
securities, and 37.5% to 52.5% of its
net assets to underlying portfolios
investing primarily in debt
securities and money market
instruments.
-------------------------------------------------------------------
LARGE AST DeAM Large-Cap Value Portfolio: Deutsche
CAP seeks maximum growth of capital by Investment
VALUE investing primarily in the value Management
stocks of larger companies. The Americas, Inc.
Portfolio pursues its objective,
under normal market conditions, by
primarily investing at least 80% of
the value of its assets in the equity
securities of large-sized companies
included in the Russell 1000(R) Value
Index. The Sub-advisor employs an
investment strategy designed to
maintain a portfolio of equity
securities which approximates the
market risk of those stocks included
in the Russell 1000(R) Value Index,
but which attempts to outperform the
Russell 1000(R) Value Index through
active stock selection.
-------------------------------------------------------------------

------------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
------------------------------------------------------------------
SMALL AST Neuberger Berman Small-Cap Growth Neuberger Berman
CAP Portfolio (formerly known as AST DeAM Management Inc.
GROWTH Small-Cap Growth Portfolio): seeks
maximum growth of investors' capital
from a portfolio of growth stocks of
smaller companies. The Portfolio
pursues its objective, under normal
circumstances, by primarily investing
at least 80% of its total assets in
the equity securities of small-sized
companies included in the Russell
2000 Growth(R) Index.
------------------------------------------------------------------
SMALL AST DeAM Small-Cap Value Portfolio: Deutsche
CAP seeks maximum growth of investors' Investment
VALUE capital by investing primarily in the Management
value stocks of smaller companies. Americas, Inc.
The Portfolio pursues its objective,
under normal market conditions, by
primarily investing at least 80% of
its total assets in the equity
securities of small-sized companies
included in the Russell 2000(R) Value
Index. The Sub-advisor employs an
investment strategy designed to
maintain a portfolio of equity
securities which approximates the
market risk of those stocks included
in the Russell 2000(R) Value Index,
but which attempts to outperform the
Russell 2000(R) Value Index.
------------------------------------------------------------------
SMALL AST Federated Aggressive Growth Federated Equity
CAP Portfolio: seeks capital growth. The Management
GROWTH Portfolio pursues its investment Company of
objective by investing primarily in Pennsylvania/
the stocks of small companies that Federated Global
are traded on national security Investment
exchanges, NASDAQ stock exchange and Management
the over-the-counter-market. Small Corp.; Federated
companies will be defined as MDTA LLC
companies with market capitalizations
similar to companies in the Russell
2000 Growth Index.
------------------------------------------------------------------
ASSET AST First Trust Balanced Target First Trust
ALLOCA- Portfolio: seeks long-term capital Advisors L.P.
TION/ growth balanced by current income.
BALANCED The Portfolio seeks to achieve its
objective by investing approximately
65% in common stocks and 35% in fixed
income securities. The Portfolio
allocates the equity portion of the
portfolio across five uniquely
specialized strategies - the Dow/SM/
Target Dividend, the Value Line(R)
Target 25, the Global Dividend Target
15, the NYSE(R) International Target
25, and the Target Small Cap. Each
strategy employs a quantitative
approach by screening common stocks
for certain attributes and/or using a
multi-factor scoring system to select
the common stocks. The fixed income
allocation is determined by the Dow
Jones Income strategy which utilizes
certain screens to select bonds from
the Dow Jones Corporate Bond Index or
like-bonds not in the index.
------------------------------------------------------------------
ASSET AST First Trust Capital Appreciation First Trust
ALLOCA- Target Portfolio: seeks long-term Advisors L.P.
TION/ growth of capital. The Portfolio
BALANCED seeks to achieve its objective by
investing approximately 80% in common
stocks and 20% in fixed income
securities. The portfolio allocates
the equity portion of the portfolio
across five uniquely specialized
strategies - the Value Line(R) Target
25, the Global Dividend Target 15,
the Target Small Cap, the Nasdaq(R)
Target 15, and the NYSE(R)
International Target 25. Each
strategy employs a quantitative
approach by screening common stocks
for certain attributes and/or using a
multi-factor scoring system to select
the common stocks. The fixed income
allocation is determined by the Dow
Jones Income strategy utilizes
certain screens to select bonds from
the Dow Jones Corporate Bond Index or
like-bonds not in the index.
------------------------------------------------------------------
ASSET AST UBS Dynamic Alpha Portfolio UBS Global Asset
ALLOCA- (formerly known as AST Global Management
TION/ Allocation Portfolio): seeks to (Americas) Inc.
BALANCED maximize total return, consisting of
capital appreciation and current
income. The Portfolio invests in
securities and financial instruments
to gain exposure to global equity,
global fixed income and cash
equivalent markets, including global
currencies. The Portfolio may invest
in equity and fixed income securities
of issuers located within and outside
the United States or in open-end
investment companies advised by UBS
Global Asset Management (Americas)
Inc., the Portfolio's Sub-Advisor, to
gain exposure to certain global
equity and global fixed income
markets.
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2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

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STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
--------------------------------------------------------------------
LARGE AST Goldman Sachs Concentrated Growth Goldman Sachs
CAP Portfolio: seeks growth of capital in Asset
GROWTH a manner consistent with the Management, L.P.
preservation of capital. Realization
of income is not a significant
investment consideration and any
income realized on the Portfolio's
investments, therefore, will be
incidental to the Portfolio's
objective. The Portfolio will pursue
its objective by investing primarily
in equity securities of companies
that the Sub-advisor believes have
the potential to achieve capital
appreciation over the long-term. The
Portfolio seeks to achieve its
investment objective by investing,
under normal circumstances, in
approximately 30 - 45 companies that
are considered by the Sub-advisor to
be positioned for long-term growth.
--------------------------------------------------------------------
MID CAP AST Goldman Sachs Mid-Cap Growth Goldman Sachs
GROWTH Portfolio: seeks long-term capital Asset
growth. The Portfolio pursues its Management, L.P.
investment objective, by investing
primarily in equity securities
selected for their growth potential,
and normally invests at least 80% of
the value of its assets in medium
capitalization companies. For
purposes of the Portfolio,
medium-sized companies are those
whose market capitalizations
(measured at the time of investment)
fall within the range of companies in
the Russell Mid Cap Growth Index. The
Sub-advisor seeks to identify
individual companies with earnings
growth potential that may not be
recognized by the market at large.
--------------------------------------------------------------------
FIXED AST High Yield Portfolio: seeks a Pacific Investment
INCOME high level of current income and may Management
also consider the potential for Company LLC
capital appreciation. The Portfolio (PIMCO)
invests, under normal circumstances,
at least 80% of its net assets plus
any borrowings for investment
purposes (measured at time of
purchase) in high yield, fixed-income
securities that, at the time of
purchase, are non-investment grade
securities. Such securities are
commonly referred to as "junk bonds".
--------------------------------------------------------------------
INTER- AST JPMorgan International Equity J.P. Morgan
NATIONAL Portfolio: seeks long-term capital Investment
EQUITY growth by investing in a diversified Management Inc.
portfolio of international equity
securities. The Portfolio seeks to
meet its objective by investing,
under normal market conditions, at
least 80% of its assets in a
diversified portfolio of equity
securities of companies located or
operating in developed non-U.S.
countries and emerging markets of the
world. The equity securities will
ordinarily be traded on a recognized
foreign securities exchange or traded
in a foreign over-the-counter market
in the country where the issuer is
principally based, but may also be
traded in other countries including
the United States.
--------------------------------------------------------------------
LARGE AST Large-Cap Value Portfolio: seeks Dreman Value
CAP current income and long-term growth Management LLC,
VALUE of income, as well as capital Hotchkis and
appreciation. The Portfolio invests, Wiley Capital
under normal circumstances, at least Management LLC;
80% of its net assets in common J.P. Morgan
stocks of large cap U.S. companies. Investment
The Portfolio focuses on common Management, Inc.
stocks that have a high cash dividend
or payout yield relative to the
market or that possess relative value
within sectors.
--------------------------------------------------------------------
FIXED AST Lord Abbett Bond-Debenture Lord, Abbett &
INCOME Portfolio: seeks high current income Co. LLC
and the opportunity for capital
appreciation to produce a high total
return. To pursue its objective, the
Portfolio will invest, under normal
circumstances, at least 80% of the
value of its assets in fixed income
securities and normally invests
primarily in high yield and
investment grade debt securities,
securities convertible into common
stock and preferred stocks. The
Portfolio may find good value in high
yield securities, sometimes called
"lower-rated bonds" or "junk bonds,"
and frequently may have more than
half of its assets invested in those
securities. At least 20% of the
Portfolio's assets must be invested
in any combination of investment
grade debt securities, U.S.
Government securities and cash
equivalents. The Portfolio may also
make significant investments in
mortgage-backed securities. Although
the Portfolio expects to maintain a
weighted average maturity in the
range of five to twelve years, there
are no restrictions on the overall
Portfolio or on individual
securities. The Portfolio may invest
up to 20% of its net assets in equity
securities.
--------------------------------------------------------------------

--------------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
--------------------------------------------------------------------
LARGE AST Marsico Capital Growth Portfolio: Marsico Capital
CAP seeks capital growth. Income Management, LLC
GROWTH realization is not an investment
objective and any income realized on
the Portfolio's investments,
therefore, will be incidental to the
Portfolio's objective. The Portfolio
will pursue its objective by
investing primarily in common stocks
of larger, more established
companies. In selecting investments
for the Portfolio, the Sub-advisor
uses an approach that combines "top
down" economic analysis with "bottom
up" stock selection. The "top down"
approach identifies sectors,
industries and companies that may
benefit from the trends the
Sub-advisor has observed. The
Sub-advisor then looks for individual
companies with earnings growth
potential that may not be recognized
by the market at large, utilizing a
"bottom up" stock selection process.
The Portfolio will normally hold a
core position of between 35 and 50
common stocks. The Portfolio may hold
a limited number of additional common
stocks at times when the Portfolio
manager is accumulating new
positions, phasing out existing or
responding to exceptional market
conditions.
--------------------------------------------------------------------
INTER- AST MFS Global Equity Portfolio: Massachusetts
NATIONAL seeks capital growth. Under normal Financial Services
EQUITY circumstances the Portfolio invests Company
at least 80% of its assets in equity
securities of U.S. and foreign
issuers (including issuers in
developing countries). While the
portfolio may invest its assets in
companies of any size, the Portfolio
generally focuses on companies with
large capitalizations.
--------------------------------------------------------------------
LARGE AST MFS Growth Portfolio: seeks Massachusetts
CAP long-term capital growth and future Financial Services
GROWTH income. Under normal market Company
conditions, the Portfolio invests at
least 80% of its total assets in
common stocks and related securities,
such as preferred stocks, convertible
securities and depositary receipts,
of companies. The Sub-advisor focuses
on investing the Portfolio's assets
in the stock of companies it believes
to have above average earnings growth
potential compared to other companies
(growth companies). The Portfolio may
invest up to 35% of its net assets in
foreign securities.
--------------------------------------------------------------------
MID CAP AST Mid Cap Value Portfolio: seeks to EARNEST
VALUE provide capital growth by investing Partners LLC/
primarily in mid-capitalization WEDGE Capital
stocks that appear to be undervalued. Management, LLP
The Portfolio has a non-fundamental
policy to invest, under normal
circumstances, at least 80% of the
value of its net assets in
mid-capitalization companies.
--------------------------------------------------------------------
MID CAP AST Neuberger Berman Mid-Cap Growth Neuberger Berman
GROWTH Portfolio: seeks capital growth. Management Inc.
Under normal market conditions, the
Portfolio primarily invests at least
80% of its net assets in the common
stocks of mid-cap companies. The
Sub-adviser looks for fast-growing
companies that are in new or rapidly
evolving industries.
--------------------------------------------------------------------
MID CAP AST Neuberger Berman Mid-Cap Value Neuberger Berman
VALUE Portfolio: seeks capital growth. Management Inc.
Under normal market conditions, the
Portfolio primarily invests at least
80% of its net assets in the common
stocks of mid-cap companies. For
purposes of the Portfolio, companies
with equity market capitalizations
that fall within the range of the
Russell Midcap(R) Index at the time
of investment are considered mid-cap
companies. Some of the Portfolio's
assets may be invested in the
securities of large-cap companies as
well as in small-cap companies. Under
the Portfolio's value-oriented
investment approach, the Sub-advisor
looks for well-managed companies
whose stock prices are undervalued
and that may rise in price before
other investors realize their worth.
--------------------------------------------------------------------
FIXED AST PIMCO Limited Maturity Bond Pacific Investment
INCOME Portfolio: seeks to maximize total Management
return consistent with preservation Company LLC
of capital and prudent investment (PIMCO)
management. The Portfolio will invest
in a diversified portfolio of
fixed-income investment instruments
of varying maturities. The average
portfolio duration of the Portfolio
generally will vary within a one- to
three-year time frame based on the
Sub-advisor's forecast for interest
rates.
--------------------------------------------------------------------
ASSET AST Preservation Asset Allocation AST Investment
ALLOCA- Portfolio: seeks the highest Services, Inc./
TION/ potential total return consistent Prudential
BALANCED with its specified level of risk Investments LLC
tolerance. The Portfolio will invest
its assets in several other Advanced
Series Trust Portfolios. Under normal
market conditions, the Portfolio will
devote between 27.5% to 42.5% of its
net assets to underlying portfolios
investing primarily in equity
securities, and 57.5% to 72.5% of its
net assets to underlying portfolios
investing primarily in debt
securities and money market
instruments.
--------------------------------------------------------------------

2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

----------------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
----------------------------------------------------------------------
SMALL AST Small-Cap Value Portfolio: seeks ClearBridge
CAP to provide long-term capital growth Advisors, LLC;
VALUE by investing primarily in Dreman Value
small-capitalization stocks that Management LLC;
appear to be undervalued. The J.P. Morgan
Portfolio will have a non-fundamental Investment
policy to invest, under normal Management, Inc.;
circumstances, at least 80% of the Lee Munder
value of its net assets in small Investments, Ltd
capitalization stocks. The Portfolio
will focus on common stocks that
appear to be undervalued.
----------------------------------------------------------------------
ASSET AST T. Rowe Price Asset Allocation T. Rowe Price
ALLOCA- Portfolio: seeks a high level of Associates, Inc.
TION/ total return by investing primarily
BALANCED in a diversified portfolio of fixed
income and equity securities. The
Portfolio normally invests
approximately 60% of its total assets
in equity securities and 40% in fixed
income securities. This mix may vary
depending on the sub-advisor's
outlook for the markets. The
Sub-advisor concentrates common stock
investments in larger, more
established companies, but the
Portfolio may include small and
medium-sized companies with good
growth prospects. The fixed income
portion of the Portfolio will be
allocated among investment grade
securities, high yield or "junk"
bonds, emerging market securities,
foreign high quality debt securities
and cash reserves.
----------------------------------------------------------------------
FIXED AST T. Rowe Price Global Bond T. Rowe Price
INCOME Portfolio: seeks to provide high International, Inc.
current income and capital growth by
investing in high-quality foreign and
U.S. dollar-denominated bonds. The
Portfolio will invest at least 80% of
its total assets in fixed income
securities, including high quality
bonds issued or guaranteed by U.S. or
foreign governments or their agencies
and by foreign authorities, provinces
and municipalities as well as
investment grade corporate bonds and
mortgage and asset-backed securities
of U.S. and foreign issuers. The
Portfolio generally invests in
countries where the combination of
fixed-income returns and currency
exchange rates appears attractive,
or, if the currency trend is
unfavorable, where the Sub-advisor
believes that the currency risk can
be minimized through hedging. The
Portfolio may also invest up to 20%
of its assets in the aggregate in
below investment-grade, high-risk
bonds ("junk bonds"). In addition,
the Portfolio may invest up to 30% of
its assets in mortgage-related
(including derivatives, such as
collateralized mortgage obligations
and stripped mortgage securities) and
asset-backed securities.
----------------------------------------------------------------------
SPECIALTY AST T. Rowe Price Natural Resources T. Rowe Price
Portfolio: seeks long-term capital Associates, Inc.
growth primarily through the common
stocks of companies that own or
develop natural resources (such as
energy products, precious metals and
forest products) and other basic
commodities. The Portfolio normally
invests primarily (at least 80% of
its total assets) in the common
stocks of natural resource companies.
The Portfolio looks for companies
that have the ability to expand
production, to maintain superior
exploration programs and production
facilities, and the potential to
accumulate new resources. At least
50% of Portfolio assets will be
invested in U.S. securities, up to
50% of total assets also may be
invested in foreign securities.
----------------------------------------------------------------------
GARTMORE VARIABLE INSURANCE TRUST
----------------------------------------------------------------------
INTER- GVIT Developing Markets: seeks NWD Management
NATIONAL long-term capital appreciation, under & Research Trust/
EQUITY normal conditions by investing at Gartmore Global
least 80% of its total assets in Partners
stocks of companies of any size based
in the world's developing economies.
Under normal market conditions,
investments are maintained in at
least six countries at all times and
no more than 35% of total assets in
any single one of them.
----------------------------------------------------------------------

--------------------------------------------------------------
STYLE/ INVESTMENT OBJECTIVES/POLICIES PORTFOLIO
TYPE ADVISOR/
SUB-ADVISOR
--------------------------------------------------------------
JANUS ASPEN SERIES
--------------------------------------------------------------
LARGE Janus Aspen Series: Large Cap Growth Janus Capital
CAP Portfolio - Service Shares: seeks Management LLC
GROWTH long-term growth of capital in a
manner consistent with the
preservation of capital. The
Portfolio invests at least 80% of its
net assets plus the amount of any
borrowings for investment purposes in
common stocks of large-sized
companies. Large-sized companies are
those whose market capitalizations
fall within the range of companies in
the Russell 1000 Index at the time of
purchase.
--------------------------------------------------------------

INTEREST-RATE OPTIONS
We offer two interest-rate options: a one-year fixed-rate option, and a market
value adjustment option (not available in Maryland, Oregon or Washington). We
set a one year guaranteed annual interest rate for the one-year fixed-rate
option. For the market value adjustment option, we set a seven-year guaranteed
interest rate. The market value adjustment option is registered separately
from the variable investment options, and the amount of market value
adjustment option securities registered is stated in that registration
statement.

When you select one of these options, your payment will earn interest at the
established rate for the applicable interest rate period. An interest cell
with a new interest rate period is established every time you allocate or
transfer money into a interest-rate option. You may have money allocated in
more than one interest rate period at the same time. This could result in your
money earning interest at different rates and each interest rate period
maturing at a different time. While these interest rates may change from time
to time, they will not be less than the minimum interest rate dictated by
applicable state law. The interest rates we pay on the fixed interest rate
options may be influenced by the asset-based charges assessed against the
Separate Account.

At the maturity of an interest cell for a fixed-rate or market value
adjustment option, you may elect to transfer the amount in the cell to any
other option available on that date. If you do not make a transfer election
during the 30-day period following the interest cell's maturity date, then we
will transfer the amount in the cell to a new interest cell with the same time
to maturity as the old cell. However, if at that time we do not offer a
guarantee period of the same duration as that which matured, you will then
receive the current interest rate applicable to the shortest guarantee period
then offered.

Payments that you apply to the interest-rate option become part of Pruco
Life's general assets. Payments that you apply to the market value adjustment
option are held as a separate pool of assets, but the income, gains or losses
resulting from these assets are not credited or charged against the contracts.
As a result, the strength of the interest-rate option guarantees is based on
the overall financial strength of Pruco Life. If Pruco Life suffered a
material financial set back, the ability of Pruco Life to meet its financial
obligations could be affected.

Market Value Adjustment
If you transfer or withdraw assets or annuitize from the market value
adjustment option before an interest rate period is over, the assets will be
subject to a market value adjustment. The market value adjustment may increase
or decrease the amount being withdrawn or transferred and may be substantial.
The adjustment, whether up or down will never be greater than 40%. The amount
of the market value adjustment is based on the difference between the:

1) Guaranteed interest rate for the amount you are withdrawing or
transferring; and

2) Current interest rate that is in effect on the date of the withdrawal or
transfer.

The amount of time left in the interest rate period is also a factor. You will
find a detailed description of how the market value adjustment is calculated
in Section 9, under "Market Value Adjustment Formula." (For contracts issued
in Pennsylvania, the description is also in Section 9, under "Market Value
Adjustment Formula.")

Other things you should know about the market value adjustment include the
following:
.. We determine the market value adjustment according to a mathematical
formula, which is set forth at the end of this prospectus under the heading
"Market-Value Adjustment Formula." In that section of the prospectus, we
also provide hypothetical examples of how the formula works.
.. A negative market value adjustment could cause you to lose not only the
interest you have earned but also a portion of your principal.
.. In addition to imposing a market value adjustment on withdrawals, we also
will impose a market value adjustment on the Contract Value you apply to an
annuity or settlement option, unless you annuitize within the 30-day period
discussed above. The laws of certain states may prohibit us from imposing a
market value adjustment on the annuity date.

2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

TRANSFERS AMONG OPTIONS
Subject to certain restrictions, you can transfer money among the variable
investment options and the interest-rate options. In general, your transfer
request may be made by telephone, electronically, or otherwise in paper form
to the Prudential Annuity Service Center. We have procedures in place to
confirm that instructions received by telephone or electronically are genuine.
We will not be liable for following telephone or electronic instructions that
we reasonably believe to be genuine. Your transfer request will take effect at
the end of the business day on which it was received in good order by us, or
by certain entities that we have specifically designated. Our business day
generally closes at 4:00 p.m. Eastern time. Our business day may close
earlier, for example if regular trading on the New York Stock Exchange closes
early. Transfer requests received after the close of the business day will
take effect at the end of the next business day.

You generally can make transfers out of the one-year fixed-rate option only
during the 30-day period following the end of an interest rate period. Any
amount transferred from a market value adjustment option is subject to a
market value adjustment, unless the transfer is made during the 30-day period
following the maturity of the interest cell.

During the contract accumulation phase, you can make up to 12 transfers each
contract year, among the investment options, without charge. If you make more
than 12 transfers in one contract year, you will be charged $25 for each
additional transfer. Dollar Cost Averaging and Auto-Rebalancing transfers do
not count toward the 12 free transfers per year. Nor do transfers made during
the 30-day period immediately following the end of an interest cell count
against the 12 free transfers. (As noted in the fee table, we have different
transfer rules under the beneficiary continuation option).

For purposes of the 12 free transfers per year that we allow, we will treat
multiple transfers that are submitted on the same business day as a single
transfer.

ADDITIONAL TRANSFER RESTRICTIONS
We limit your ability to transfer among your contract's variable investment
options as permitted by applicable law. We impose a yearly restriction on
transfers. Specifically, once you have made 20 transfers among the subaccounts
during a contract year, we will accept any additional transfer request during
that year only if the request is submitted to us in writing with an original
signature and otherwise is in good order. For purposes of this transfer
restriction, we (i) do not view a facsimile transmission as a "writing,"
(ii) will treat multiple transfer requests submitted on the same business day
as a single transfer, and (iii) do not count any transfer that involves one of
our systematic programs, such as asset allocation and automated withdrawals.

Frequent transfers among variable investment options in response to short-term
fluctuations in markets, sometimes called "market timing," can make it very
difficult for a portfolio manager to manage an underlying mutual fund's
investments. Frequent transfers may cause the fund to hold more cash than
otherwise necessary, disrupt management strategies, increase transaction
costs, or affect performance. For those reasons, the contract was not designed
for persons who make programmed, large, or frequent transfers.

In light of the risks posed to contract owners and other fund investors by
frequent transfers, we reserve the right to limit the number of transfers in
any contract year for all existing or new contract owners, and to take the
other actions discussed below. We also reserve the right to limit the number
of transfers in any contract year or to refuse any transfer request for an
owner or certain owners if: (a) we believe that excessive transfer activity
(as we define it) or a specific transfer request or group of transfer requests
may have a detrimental effect on accumulation unit values or the share prices
of the underlying mutual funds; or (b) we are informed by a fund (e.g., by the
fund's portfolio manager) that the purchase or redemption of fund shares must
be restricted because the fund believes the transfer activity to which such
purchase and redemption relates would have a detrimental effect on the share
prices of the affected fund. Without limiting the above, the most likely
scenario where either of the above could occur would be if the aggregate
amount of a trade or trades represented a relatively large proportion of the
total assets of a particular underlying mutual fund. In furtherance of our
general authority to restrict transfers as described above, and without
limiting other actions we may take in the future, we have adopted the
following specific restrictions:
.. With respect to each variable investment option (other than the Prudential
Money Market Portfolio), we track amounts exceeding a certain dollar
threshold that were transferred into the option. If you transfer such
amount into a particular variable investment option, and within 30 calendar
days thereafter transfer (the "Transfer Out") all or a portion of that
amount into another variable investment option, then upon the Transfer Out,
the former variable investment option becomes restricted (the "Restricted
Option"). Specifically, we will not permit subsequent transfers into the
Restricted Option for 90 calendar days after the Transfer Out if the
Restricted Option invests in a non-international fund, or 180 calendar days
after the Transfer Out if the Restricted Option invests in an international
fund. For purposes of this rule, we do not (i) count transfers made in
connection with one of our systematic programs, such as asset allocation
and automated withdrawals and (ii) categorize as a transfer the first
transfer that you make after the contract date, if you make that transfer
within 30 calendar days after the contract date. Even if an amount becomes
restricted under the foregoing rules, you are still free to redeem the
amount from your contract at any time.

.. We reserve the right to effect exchanges on a delayed basis for all
contracts. That is, we may price an exchange involving a variable
investment option on the business day subsequent to the business day on
which the exchange request was received. Before implementing such a
practice, we would issue a separate written notice to contract owners that
explains the practice in detail. In addition, if we do implement a delayed
exchange policy, we will apply the policy on a uniform basis to all
contracts in the relevant class.
.. The portfolios may have adopted their own policies and procedures with
respect to excessive trading of their respective shares, and we reserve the
right to enforce these policies and procedures. The prospectuses for the
portfolios describe any such policies and procedures, which may be more or
less restrictive than the policies and procedures we have adopted. Under
SEC rules, we are required to: (1) enter into a written agreement with each
portfolio or its principal underwriter that obligates us to provide to the
portfolio promptly upon request certain information about the trading
activity of individual contract owners, and (2) execute instructions from
the portfolio to restrict or prohibit further purchases or transfers by
specific contract owners who violate the excessive trading policies
established by the portfolio. In addition, you should be aware that some
portfolios may receive "omnibus" purchase and redemption orders from other
insurance companies or intermediaries such as retirement plans. The omnibus
orders reflect the aggregation and netting of multiple orders from
individual owners of variable insurance contracts and/or individual
retirement plan participants. The omnibus nature of these orders may limit
the portfolios in their ability to apply their excessive trading policies
and procedures. In addition, the other insurance companies and/or
retirement plans may have different policies and procedures or may not have
any such policies and procedures because of contractual limitations. For
these reasons, we cannot guarantee that the portfolios (and thus contract
owners) will not be harmed by transfer activity relating to other insurance
companies and/or retirement plans that may invest in the portfolios.
.. A portfolio also may assess a short term trading fee in connection with a
transfer out of the variable investment option investing in that portfolio
that occurs within a certain number of days following the date of
allocation to the variable investment option. Each portfolio determines the
amount of the short term trading fee and when the fee is imposed. The fee
is retained by or paid to the portfolio and is not retained by us. The fee
will be deducted from your Contract Value, to the extent allowed by law. At
present, no Portfolio has adopted a short-term trading fee.
.. If we deny one or more transfer requests under the foregoing rules, we will
inform you promptly of the circumstances concerning the denial.
.. We will not implement these rules in jurisdictions that have not approved
contract language authorizing us to do so, or may implement different rules
in certain jurisdictions if required by such jurisdictions. Contract owners
in jurisdictions with such limited transfer restrictions, and contract
owners who own variable life insurance or variable annuity contracts
(regardless of jurisdiction) that do not impose the above-referenced
transfer restrictions, might make more numerous and frequent transfers than
contract owners who are subject to such limitations. Because contract
owners who are not subject to the same transfer restrictions may have the
same underlying mutual fund portfolios available to them, unfavorable
consequences associated with such frequent trading within the underlying
mutual fund (e.g., greater portfolio turnover, higher transaction costs, or
performance or tax issues) may affect all contract owners. Apart from
jurisdiction-specific and contract differences in transfer restrictions, we
will apply these rules uniformly, and will not waive a transfer restriction
for any contract owner.

Although our transfer restrictions are designed to prevent excessive
transfers, they are not capable of preventing every potential occurrence of
excessive transfer activity.

DOLLAR COST AVERAGING
The dollar cost averaging (DCA) feature allows you to systematically transfer
either a fixed dollar amount or a percentage out of any variable investment
option or the one-year fixed-rate option and into any other variable
investment option(s). You can transfer money to more than one variable
investment option. The investment option used for the transfers is designated
as the DCA account. You can have these automatic transfers made from the DCA
account monthly, quarterly, semiannually or annually. By investing amounts on
a regular basis, instead of investing the total amount at one particular time,
you may be less susceptible to the impact of market fluctuations. Of course,
there is no guarantee that dollar cost averaging will ensure a profit or
protect against a loss in declining markets.

Transfers will be made automatically on the schedule you choose until the
entire amount you chose to have transferred has been transferred or until you
tell us to discontinue the transfers. You can allocate subsequent purchase
payments to be transferred at any time.

Your transfers will occur on the last calendar day of each transfer period you
have selected, provided that the New York Stock Exchange is open on that date.
If the New York Stock Exchange is not open on a particular transfer date, the
transfer will take effect on the next business day.

Any dollar cost averaging transfers you make do not count toward the 12 free
transfers you are allowed each contract year. This dollar cost averaging
feature is available only during the contract accumulation phase, and is
offered without charge.

2: WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued

ASSET ALLOCATION PROGRAM
We recognize the value of having asset allocation models when deciding how to
allocate your purchase payments among the investment options. If you choose to
participate in the Asset Allocation Program, your representative will give you
a questionnaire to complete that will help determine a program that is
appropriate for you. Your asset allocation will be prepared based on your
answers to the questionnaire. You will not be charged for this service, and
you are not obligated to participate or to invest according to program
recommendations.

Asset allocation is a sophisticated method of diversification which allocates
assets among classes in order to manage investment risk and enhance returns
over the long term. However, asset allocation does not guarantee a profit or
protect against a loss. You are not obligated to participate or to invest
according to the program recommendations. We do not intend to provide any
personalized investment advice in connection with these programs and you
should not rely on these programs as providing individualized investment
recommendations to you. The asset allocation programs do not guarantee better
investment results. We reserve the right to terminate or change the asset
allocation programs at any time. You should consult your representative before
electing any asset allocation program.

AUTO-REBALANCING
Once your money has been allocated among the variable investment options, the
actual performance of the investment options may cause your allocation to
shift. For example, an investment option that initially holds only a small
percentage of your assets could perform much better than another investment
option. Over time, this option could increase to a larger percentage of your
assets than you desire. You can direct us to automatically rebalance your
assets to return to your original allocation percentages or to subsequent
allocation percentages you select. We will rebalance only the variable
investment options that you have designated. The interest-rate options and the
DCA account cannot participate in this feature.

You may choose to have your rebalancing occur monthly, quarterly, semiannually
or annually. The rebalancing will occur on the last calendar day of the period
you have chosen, provided that the New York Stock Exchange is open on that
date. If the New York Stock Exchange is not open on that date, the rebalancing
will take effect on the next business day.

Any transfers you make because of Auto-Rebalancing are not counted toward the
12 free transfers you are allowed per year. This feature is available only
during the contract accumulation phase, and is offered without charge. If you
choose auto-rebalancing and dollar cost averaging, auto-rebalancing will take
place after the transfers from your DCA account.

SCHEDULED TRANSACTIONS
Scheduled transactions include transfers under dollar cost averaging, the
asset allocation program, auto-rebalancing, systematic withdrawals, systematic
investments, required minimum distributions, substantially equal periodic
payments under Section 72(t) and 72(q) of the Internal Revenue Code of 1986,
as amended (Code), and annuity payments. Scheduled transactions are processed
and valued as of the date they are scheduled, unless the scheduled day is not
a business day. In that case, the transaction will be processed and valued on
the next business day, unless (with respect to required minimum distributions,
substantially equal periodic payments under Section 72(t) and 72(q) of the
Code, and annuity payments only), the next business day falls in the
subsequent calendar year, in which case the transaction will be processed and
valued on the prior business day.

VOTING RIGHTS
We are the legal owner of the shares of the underlying mutual funds used by
the variable investment options. However, we vote the shares of the mutual
funds according to voting instructions we receive from contract owners. When a
vote is required, we will mail you a proxy which is a form you need to
complete and return to us to tell us how you wish us to vote. When we receive
those instructions, we will vote all of the shares we own on your behalf in
accordance with those instructions. We will vote fund shares for which we do
not receive instructions, and any other shares that we own in our own right,
in the same proportion as shares for which we receive instructions from
contract owners. This voting procedure is sometimes referred to as "mirror
voting" because, as indicated in the immediately preceding sentence, we mirror
the votes that are actually cast, rather than decide on our own how to vote.
In addition, because all the shares of a given mutual fund held within our
separate account are legally owned by us, we intend to vote all of such shares
when that underlying fund seeks a vote of its shareholders. As such, all such
shares will be counted towards whether there is a quorum at the underlying
fund's shareholder meeting and towards the ultimate outcome of the vote. Thus,
under "mirror voting," it is possible that the votes of a small percentage of
contract owners who actually vote will determine the ultimate outcome. We may
change the way your voting instructions are calculated if it is required or
permitted by federal or state regulation.

SUBSTITUTION
We may substitute one or more of the underlying mutual funds used by the
variable investment options. We may also cease to allow investments in
existing funds. We would not do this without the approval of the Securities
and Exchange Commission (SEC) and any necessary state insurance departments.
You will be given specific notice in advance of any substitution we intend to
make.

3: WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE INCOME PHASE?
(ANNUITIZATION)

PAYMENT PROVISIONS
We can begin making annuity payments any time after the first contract
anniversary. (Maryland residents must wait until after the seventh
anniversary.) Annuity payments must begin no later than the annuitant's 90/th/
birthday. Upon annuitization, any value in an interest cell of the market
value adjustment option may be subject to a market value adjustment.

We make the income plans described below available at any time before the
annuity date. These plans are called annuity options. During the income phase,
all of the "annuity options" under this contract are fixed annuity options.
This means that your participation in the variable investment options ends on
the annuity date. If an annuity option is not selected by the annuity date,
the Interest Payment Option (Option 3, described below) will automatically be
selected. However, if your contract is held as an IRA and an annuity option is
not selected by the annuity date or prior to the annuitant's 90/th/ birthday,
a lump sum payment of the Contract Value will be made to you on the
annuitant's 90/th/ birthday. GENERALLY, ONCE THE ANNUITY PAYMENTS BEGIN, THE
ANNUITY OPTION CANNOT BE CHANGED AND YOU CANNOT MAKE WITHDRAWALS.

Depending upon the annuity option you choose, you may incur a withdrawal
charge when the income phase begins. Currently, if permitted by state law, we
deduct any applicable withdrawal charge if you choose Option 1, Option 3, or
certain other annuity options that we may make available. We do not deduct a
withdrawal charge if you choose Option 2. For information about Withdrawal
Charges, see Section 6, "What Are The Expenses Associated With Strategic
Partners Select Contract?"

Please note that annuitization essentially involves converting your Contract
Value to an annuity payment stream, the length of which depends on the terms
of the applicable annuity option. Thus, once annuity payments begin, your
death benefit is determined solely under the terms of the applicable annuity
payment option.

Option 1
Annuity Payments For A Fixed Period: Under this option, we will make equal
payments for the period chosen, up to 25 years (but not to exceed life
expectancy). The annuity payments may be made monthly, quarterly,
semiannually, or annually, as you choose, for the fixed period. If the
annuitant dies during the income phase, payments will continue to the
beneficiary for the remainder of the fixed period or, if the beneficiary so
chooses, we will make a single lump sum payment. The amount of the lump sum
payment is determined by calculating the present value of the unpaid future
payments. This is done by using the interest rate used to compute the actual
payments. The interest rate will be at least 3% a year.

Option 2
Life Income Annuity Option: Under this option, we will make annuity payments
monthly, quarterly, semiannually, or annually as long as the annuitant is
alive. If the annuitant dies before we have made 10 years worth of payments,
we will pay the beneficiary in one lump sum the present value of the annuity
payments scheduled to have been made over the remaining portion of that 10
year period, unless we were specifically instructed that such remaining
annuity payments continue to be paid to the beneficiary. The present value of
the remaining annuity payments is calculated by using the interest rate used
to compute the amount of the original 120 payments. The interest rate will be
at least 3% a year.

If an annuity option is not selected by the annuity date, this is the option
we will automatically select for you, unless prohibited by applicable law. If
the life income annuity option is prohibited by applicable law, then we will
pay you a lump sum in lieu of this option.

Option 3
Interest Payment Option: Under this option, we will credit interest on the
adjusted Contract Value until you request payment of all or part of the
adjusted Contract Value. We can make interest payments on a monthly,
quarterly, semiannual, or annual basis or allow the interest to accrue on your
contract assets. Under this option, we will pay you interest at an effective
rate of at least 3% a year. This option is not available if your contract is
held in an IRA.

Under this option, all gain in the annuity will be taxable as of the annuity
date, however, you can withdraw part or all of the Contract Value that we are
holding at any time.

OTHER ANNUITY OPTIONS
We currently offer a variety of other annuity options not described above. At
the time annuity payments are chosen, we may make available to you any of the
fixed annuity options that are offered at your annuity date.

TAX CONSIDERATIONS
If your contract is held under a tax-favored plan, you should consider the
required minimum distribution rules under the tax law when selecting your
annuity option.

3: WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE INCOME PHASE?
(ANNUITIZATION) continued

HOW WE DETERMINE ANNUITY PAYMENTS
Generally speaking, the annuity phase of the contract involves our
distributing to you in increments the value that you have accumulated. We make
these incremental payments either over a specified time period (e.g., 15
years) (fixed period annuities) or for the duration of the life of the
annuitant (and possibly co-annuitant) (life annuities). There are certain
assumptions that are common to both fixed period annuities and life annuities.
In each type of annuity, we assume that the value you apply at the outset
toward your annuity payments earns interest throughout the payout period. The
guaranteed minimum rate is 3%. If our current annuity purchase rates on the
annuity date are more favorable to you than the guaranteed rates, we will make
payments based on those more favorable rates.

Other assumptions that we use for life annuities and fixed period annuities
differ, as detailed in the following overview:

Fixed Period Annuities
Generally speaking, in determining the amount of each annuity payment under a
fixed period annuity, we start with the adjusted Contract Value, add interest
assumed to be earned over the fixed period, and divide the sum by the number
of payments you have requested. The life expectancy of the annuitant and
co-annuitant are relevant to this calculation only in that we will not allow
you to select a fixed period that exceeds life expectancy.

Life Annuities
There are more variables that affect our calculation of life annuity payments.
Most importantly, we make several assumptions about the annuitant's or
co-annuitant's life expectancy, including the following:
.. The Annuity 2000 Mortality Table is the starting point for our life
expectancy assumptions. This table anticipates longevity of an insured
population based on historical experience and reflecting anticipated
experience for the year 2000.

4: WHAT IS THE DEATH BENEFIT?

THE DEATH BENEFIT FEATURE PROTECTS THE CONTRACT VALUE FOR THE BENEFICIARY.
PLEASE NOTE, THAT NO DEATH BENEFIT IS PAYABLE UPON THE DEATH OF THE OWNER OR
JOINT OWNER. A DEATH BENEFIT IS ONLY PAYABLE UPON THE DEATH OF THE ANNUITANT
OR CO-ANNUITANT (AS APPLICABLE).

BENEFICIARY
The beneficiary is the person(s) or entity you name to receive any death
benefit upon the death of the annuitant or co-annuitant. The beneficiary is
named at the time the contract is issued, unless you change it at a later
date. Unless an irrevocable beneficiary has been named, you can change the
beneficiary at any time before the annuitant or last surviving annuitant dies.
For entity-owned contracts, we pay a death benefit upon the death of the
annuitant.

CALCULATION OF THE DEATH BENEFIT
If the annuitant (or the last surviving annuitant, if there are co-annuitants)
dies during the accumulation phase, we will, upon receiving appropriate proof
of death and any other needed documentation in good order ("due proof of
death"), pay a death benefit to the beneficiary designated by the contract
owner. We require due proof of death to be submitted promptly.

If the annuitant (older co-annuitant) is under age 80 on the contract date and
prior to his or her 80/th/ birthday, the annuitant (last surviving annuitant)
dies, the beneficiary will receive the greater of the following (as of the
time we receive due proof of death):
.. Current Contract Value (as of the time we receive appropriate proof of
death). We impose no negative market value adjustment on Contract Value
held within the market value adjustment option when a death benefit is paid.
.. Guaranteed Minimum Death Benefit - The Guaranteed Minimum Death Benefit
(GMDB) is the greater of:

1) The step-up value which equals the highest value of the contract on any
contract anniversary date - that is, on each contract anniversary, the
new step-up value becomes the higher of the previous step-up value and
the current contract value. Between anniversary dates, the step-up value
is only increased by additional invested purchase payments and reduced
proportionally by withdrawals; or

2) The "roll-up value" which is the total of all invested purchase payments
compounded daily at an effective annual rate of 5%, subject to a cap of
200% of all invested purchase payments. Both the roll-up and the cap are
reduced proportionally by withdrawals.

On or after the annuitant's (or older co-annuitant's) 80/th/ birthday, if the
annuitant (or last surviving annuitant) dies, the beneficiary will receive the
greater of: 1) the current contract value as of the date that due proof of
death is received, and 2) the Guaranteed Minimum Death Benefit as of age 80,
increased by additional invested purchase payments, and reduced proportionally
by withdrawals. For this purpose, an annuitant is deemed to reach age 80 on
the contract anniversary on or following the annuitant's actual 80/th/
birthday.

If the annuitant (or older co-annuitant) is age 80 or older on the contract
date, upon the annuitant's (last surviving annuitant's) death, the beneficiary
will receive as of the date that due proof of death is received, the greater
of: 1) current contract value as of the date that due proof of death is
received; and 2) the total invested purchase payments reduced proportionally
by withdrawals.

Here is an example of a proportional reduction:

The current contract value is $100,000 and step-up value is $80,000. The owner
makes a withdrawal that reduces the contract value by 50% (including the
effect of any withdrawal charges). The new step-up value is $40,000, or 50% of
what it was before the withdrawal.

This death benefit is payable only in the event of the death of the sole or
last surviving annuitant and will not be paid upon the death of an owner who
is not the annuitant.

Certain terms of this death benefit are limited in Oregon.

DEATH OF OWNER OR JOINT OWNER
If the owner and the annuitant are not the same person and the owner dies
during the accumulation phase, the subsequent owner generally receives the
cash value subject to tax requirements concerning distributions.

If the contract has an owner and joint owner who are spouses at the time of
the owner's or joint owner's death during the accumulation phase, the contract
will continue and the surviving spouse will become the sole owner of the
contract, entitled to any rights and privileges granted by us under the
contract. However, the surviving spouse may, within 60 days of providing due
proof of death take the cash value under one of the payout options listed
below. Continuance of the contract also is available if the contract is held
by a custodial account established to hold retirement assets for the benefit
of the natural person annuitant pursuant to the provisions of Section 408(a)
of the Internal Revenue Code (or any successor Code section thereto), and the
custodian of the account has elected to continue the contract and designate
the surviving spouse as annuitant. Continuing the contract in that scenario
will result in the contract no longer qualifying for tax deferral under the
Internal Revenue Code. However, such tax deferral should result from the
ownership of the contract by the custodial account. Spousal continuance also
may be available where the contract is owned by certain other types of
entity-owners. Please consult your tax or legal adviser.

If the contract has an owner and joint owner who are not spouses at the time
of the owner's or joint owner's death during the accumulation phase, the
surviving owner will be required to take the cash value under one of the
payout options listed below.

Payout Options The beneficiary may, within 60 days of providing proof of
death, choose to take the death benefit under one of several death benefit
payout options listed below.

With respect to a death benefit paid before March 19, 2007, the death benefit
payout options were:

Choice 1. Lump sum payment of the death benefit. If the beneficiary does not
choose a payout option within sixty days, the beneficiary will receive this
payout option.

Choice 2. The payment of the entire death benefit within a period of 5 years
from the date of death of the first-to-die of the owner or joint owner.

The entire death benefit will include any increases or losses resulting from
the performance of the variable or fixed interest rate options during this
period. During this period the beneficiary may: reallocate the Contract Value
among the variable, fixed interest rate, or the market value adjustment
options; name a beneficiary to receive any remaining death benefit in the
event of the beneficiary's death; and make withdrawals from the Contract
Value, in which case, any such withdrawals will not be subject to any
withdrawal charges. However, the beneficiary may not make any purchase
payments to the contract.

During this 5 year period, we will continue to deduct from the death benefit
proceeds the charges and costs that were associated with the features and
benefits of the contract. Some of these features and benefits may not be
available to the beneficiary.

4: WHAT IS THE DEATH BENEFIT? continued

Choice 3. Payment of the death benefit under an annuity or annuity settlement
option over the lifetime of the beneficiary or over a period not extending
beyond the life expectancy of the beneficiary with distribution beginning
within one year of the date of death of the owner.

If the owner and joint owner are spouses, any portion of the death benefit not
applied under Choice 3 within one year of the date of death of the first to
die must be distributed within five years of that date of death.

The tax consequences to the beneficiary vary among the three death benefit
payout options. See Section 8, "What Are The Tax Considerations Associated
With The Strategic Partners Select Contract?"

With respect to a death benefit paid on or after March 19, 2007, unless the
surviving spouse opts to continue the contract (or spousal continuance is
required under the terms of your contract), a beneficiary may, within 60 days
of providing proof of death, take the death benefit as follows:

Alternative Death Benefit Payment Options - Contracts owned by Individuals
(not associated with Tax-Favored Plans)

Except in the case of spousal continuance as described above, upon your death,
certain distributions must be made under the contract. The required
distributions depend on whether you die before you start taking annuity
payments under the contract or after you start taking annuity payments under
the contract.

In the event of your death before the annuity date, the death benefit must be
distributed:
.. within five (5) years of the date of death; or
.. as a series of annuity payments not extending beyond the life expectancy of
the beneficiary or over the life of the beneficiary. Payments under this
option must begin within one year of the date of death.

Unless you have made an election prior to death benefit proceeds becoming due,
a beneficiary can elect to receive the death benefit proceeds under the
Beneficiary Continuation Option as described below in the section entitled
"Beneficiary Continuation Option," or as a series of fixed annuity payments.
See the section entitled "What Kind of Payments Will I Receive During the
Income Phase?"

Alternative Death Benefit Payment Options - Contracts Held by Tax-Favored Plans
The Code provides for alternative death benefit payment options when a
contract is used as an IRA, 403(b) or other "qualified investment" that
requires minimum distributions. Upon your death under an IRA, 403(b) or other
"qualified investment", the designated beneficiary may generally elect to
continue the contract and receive Required Minimum Distributions under the
contract, instead of receiving the death benefit in a single payment. The
available payment options will depend on whether the you die before the date
Required Minimum Distributions under the Code were to begin, whether you have
named a designated beneficiary and whether the beneficiary is your surviving
spouse.

.. If you die after a designated beneficiary has been named, the death benefit
must be distributed by December 31/st/ of the year including the five year
anniversary of the date of death, or as periodic payments not extending
beyond the life or life expectancy of the designated beneficiary (provided
such payments begin by December 31/st/ of the year following the year of
death). However, if your surviving spouse is the beneficiary, the death
benefit can be paid out over the life or life expectancy of your spouse
with such payments beginning no later than December 31/st/ of the year
following the year of death or December 31/st/ of the year in which you
would have reached age 70 1/2, which ever is later. Additionally, if the
contract is payable to (or for the benefit of) your surviving spouse, that
portion of the contract may be continued with your spouse as the owner.
.. If you die before a designated beneficiary is named and before the date
required minimum distributions must begin under the Code, the death benefit
must be paid out by December 31/st/ of the year including the five year
anniversary of the date of death. For contracts where multiple
beneficiaries have been named and at least one of the beneficiaries does
not qualify as a designated beneficiary and the account has not been
divided into separate accounts by December 31/st/ of the year following the
year of death, such contract is deemed to have no designated beneficiary.
.. If you die before a designated beneficiary is named and after the date
Required Minimum Distributions must begin under the Code, the death benefit
must be paid out at least as rapidly as under the method then in effect.
For contracts where multiple beneficiaries have been named and at least one
of the beneficiaries does not qualify as a designated beneficiary and the
account has not been divided into separate accounts by December 31/st/ of
the year following the year of death, such contract is deemed to have no
designated beneficiary.

A beneficiary has the flexibility to take out more each year than mandated
under the required minimum distribution rules.

Until withdrawn, amounts in an IRA, 403(b) or other "qualified investment"
continue to be tax deferred. Amounts withdrawn each year, including amounts
that are required to be withdrawn under the Minimum Distribution rules, are
subject to tax. You may wish to consult a professional tax advisor for tax
advice as to your particular situation.

For a Roth IRA, if death occurs before the entire interest is distributed, the
death benefit must be distributed under the same rules applied to IRAs where
death occurs before the date Required Minimum Distributions must begin under
the Code.

The tax consequences to the beneficiary may vary among the different death
benefit payment options. See the Tax Considerations section of this
prospectus, and consult your tax advisor.

BENEFICIARY CONTINUATION OPTION
Instead of receiving the death benefit in a single payment, or under an
annuity option, a beneficiary may take the death benefit under an alternative
death benefit payment option, as provided by the Code and described above.
This "Beneficiary Continuation Option" is described below and is available for
an IRA, Roth IRA, SEP IRA, 403(b), or a non-qualified contract.

Under the Beneficiary Continuation Option:
.. The Owner's contract will be continued in the Owner's name, for the benefit
of the beneficiary.
.. The beneficiary will incur a Settlement Service Charge which is an annual
charge assessed on a daily basis against the average assets allocated to
the Sub-accounts. The charge is 1.00% per year.
.. The beneficiary will incur an annual maintenance fee equal to the lesser of
$30 or 2% of contract value if the contract value is less than $25,000 at
the time the fee is assessed. The fee will not apply if it is assessed 30
days prior to a surrender request.
.. The initial contract value will be equal to any death benefit (including
any optional death benefit) that would have been payable to the beneficiary
if they had taken a lump sum distribution.
.. The available Sub-accounts will be among those available to the Owner at
the time of death, however certain Sub-Accounts may not be available.
.. The beneficiary may request transfers among Sub-accounts, subject to the
same limitations and restrictions that applied to the Owner. Transfers in
excess of 20 per year will incur a $10 transfer fee.
.. No fixed interest rate options will be offered.
.. No additional Purchase Payments can be applied to the contract.
.. The basic death benefit and any optional benefits elected by the Owner will
no longer apply to the beneficiary.
.. The beneficiary can request a withdrawal of all or a portion of the
contract value at any time, unless the beneficiary is required to take
pre-determined withdrawal amounts.
.. Withdrawals are not subject to a withdrawal charge.
.. Upon the death of the beneficiary, any remaining contract value will be
paid in a lump sum to the person(s) named by the beneficiary, unless the
beneficiary named a successor who may continue receiving payments.

Currently only investment options corresponding to Portfolios of the Advanced
Series Trust, and the Prudential Money Market Portfolio, are available under
the Beneficiary Continuation Option.

5: HOW CAN I PURCHASE A STRATEGIC PARTNERS SELECT CONTRACT?

PURCHASE PAYMENTS
The initial purchase payment is the amount of money you give us to purchase
the contract. Unless we agree otherwise and subject to our rules, the minimum
initial purchase payment is $10,000. You must get our prior approval for any
initial and additional purchase payment of $1,000,000 or more, unless we are
prohibited under applicable state law from insisting on such prior approval.
With some restrictions, you can make additional purchase payments by means
other than electronic fund transfer of no less than $500 at any time during
the accumulation phase. However, we impose a minimum of $100 with respect to
additional purchase payments made through electronic fund transfers.

For qualified contracts, you may purchase the contract only if the annuitant
is 69 or younger on the contract date (age 80 or younger if a minimum
distribution option has been selected). For non-qualified contracts, you may
purchase this contract only if the annuitant, or co-annuitant is 85 or younger
on the contract date.

ALLOCATION OF PURCHASE PAYMENTS
When you purchase a contract, we will allocate your purchase payment among the
variable or fixed interest rate options, or the market value adjustment option
based on the percentages you choose. The percentage of your allocation to a
particular investment option can range in whole percentages from 0% to 100%.

5: HOW CAN I PURCHASE A STRATEGIC PARTNERS SELECT CONTRACT? continued

When you make an additional purchase payment, it will be allocated in the same
way as your most recent purchase payment, unless you tell us otherwise.

You may change your allocation of future invested purchase payments at any
time. Contact the Prudential Annuity Service Center for details.

We generally will credit the initial purchase payment to your contract within
two business days from the day on which we receive your payment in good order
at the Prudential Annuity Service Center. If, however, your first payment is
made without enough information for us to set up your contract, we may need to
contact you to obtain the required information. If we are not able to obtain
this information within five business days, we will within that five business
day period either return your purchase payment or obtain your consent to
continue holding it until we receive the necessary information. We will
generally credit each subsequent purchase payment as of the business day we
receive it in good order at the Prudential Annuity Service Center. Our
business day generally closes at 4:00 p.m. Eastern time. Our business day may
close earlier, for example if regular trading on the New York Stock Exchange
closes early. Subsequent purchase payments received in good order after the
close of the business day will be credited on the following business day.

With respect to both your initial Purchase Payment and any subsequent Purchase
Payment that is pending investment in our Separate Account, we may hold the
amount temporarily in our general account and may earn interest on such
amount. You will not be credited with interest during that period.

At our discretion, we may give initial and subsequent purchase payments (as
well as withdrawals and transfers) received in good order by certain
broker/dealers prior to the close of a business day the same treatment as they
would have received had they been received at the same time at the Prudential
Annuity Service Center. For more detail, talk to your registered
representative.

Applicable laws designed to counter terrorists and prevent money laundering
might, in certain circumstances, require us to block a contract owner's
ability to make certain transactions, and thereby refuse to accept purchase
payments or requests for transfers, partial withdrawals, total withdrawals,
death benefits, or income payments until instructions are received from the
appropriate regulator. We also may be required to provide additional
information about you and your contract to government regulators.

CALCULATING CONTRACT VALUE
The value of the variable portion of your contract will go up or down
depending on the investment performance of the variable investment options you
choose. To determine the value of your contract allocated to the variable
investment options, we use a unit of measure called an accumulation unit. A
variable accumulation unit works like a share of a mutual fund.

Every day we determine the value of an accumulation unit for each of the
variable investment options. We do this by:

1) Adding up the total amount of money allocated to a specific investment
option;

2) Subtracting from that amount insurance charges and any other applicable
charges such as for taxes; and

3) Dividing this amount by the number of outstanding accumulation units.

When you make a purchase payment to a variable investment option, we credit
your contract with accumulation units of the subaccount or subaccounts for the
investment options you choose. The number of accumulation units credited to
your contract is determined by dividing the amount of the purchase payment
allocated to an investment option by the unit price of the accumulation unit
for that investment option. We calculate the unit price for each investment
option after the New York Stock Exchange closes each day and then credit your
contract. The value of the accumulation units can increase, decrease, or
remain the same from day to day.

We cannot guarantee that your contract value will increase or that it will not
fall below the amount of your total purchase payments. However, we do
guarantee a minimum interest rate of 3% a year on that portion of the contract
value allocated to the fixed-rate option and to the market value adjustment
option if held for the full seven-year period.

6: WHAT ARE THE EXPENSES ASSOCIATED WITH THE STRATEGIC PARTNERS SELECT
CONTRACT?

There are charges and other expenses associated with the contract that reduce
the return on your investment. These charges and expenses are described below.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate
us for the risks of loss we assume

pursuant to the contracts. If, as we expect, the charges that we collect from
the contracts exceed our total costs in connection with the contracts, we will
earn a profit. Otherwise, we will incur a loss. The rates of certain of our
charges have been set with reference to estimates of the amount of specific
types of expenses or risks that we will incur. In most cases, this prospectus
identifies such expenses or risks in the name of the charge; however, the fact
that any charge bears the name of, or is designed primarily to defray a
particular expense or risk does not mean that the amount we collect from that
charge will never be more than the amount of such expense or risk. Nor does it
mean that we may not also be compensated for such expense or risk out of any
other charges we are permitted to deduct by the terms of the contract.

INSURANCE AND ADMINISTRATIVE CHARGES
Each day we make a deduction for insurance and administrative charges. The
insurance charges have two parts:

1) Mortality and expense risk charge

2) Administrative expense charge

1) MORTALITY AND EXPENSE RISK CHARGE
The mortality risk charge is for assuming the risk that the annuitant(s) will
live longer than expected based on our life expectancy tables. When this
happens, we pay a greater number of annuity payments. We also incur the risk
that the death benefit amount exceeds the contract value. The expense risk
charge is for assuming the risk that the current charges will be insufficient
in the future to cover the cost of administering the contract.

The mortality and expense risk charge is equal, on an annual basis, to 1.37%
of the daily value of the contract invested in the variable investment
options. This charge is not assessed against amounts allocated to the
interest-rate options.

If the charges under the contract are not sufficient to cover our expenses,
then we will bear the loss. We do, however, expect to profit from this charge.
The mortality and expense risk charge cannot be increased. Any profits made
from this charge may be used by us to pay for the costs of distributing the
contracts.

2) ADMINISTRATIVE EXPENSE CHARGE
This charge is for the expenses associated with the administration of the
contract. The administration of the contract includes preparing and issuing
the contract, establishing and maintaining contract records, issuing
confirmations and annual reports, personnel costs, legal and accounting fees,
filing fees, and systems costs.

This charge is equal, on an annual basis, to 0.15% of the daily value of the
contract invested in the variable investment options. This charge is not
assessed against amounts allocated to the interest-rate options.

ANNUAL CONTRACT FEE
During the accumulation phase, if your contract value is less than $50,000, we
will deduct $30 per contract year (this fee may differ in certain states).
This annual contract fee is used for administrative expenses and cannot be
increased. The $30 charge will be deducted proportionately from each of the
contract's investment options. This same charge will also be deducted when you
surrender your contract if your contract value is less than $50,000.

WITHDRAWAL CHARGE
During the accumulation phase, you can make withdrawals from your contract.
When you make a withdrawal, money will be taken first from your purchase
payments for purposes of determining withdrawal charges. When your purchase
payments have been used up, then we will take the money from your earnings.
You will not have to pay any withdrawal charge when you withdraw your earnings.

The withdrawal charge is for the payment of the expenses involved in selling
and distributing the contracts, including sales commissions, printing of
prospectuses, sales administration, preparation of sales literature and other
promotional activities. If the contract is sold under circumstances that
reduce the sales expenses, we may reduce or eliminate the withdrawal charge.
For example, a large group of individuals purchasing contracts or an
individual who already has a relationship with us may receive such a
reduction. We will not permit a reduction or elimination of charges where it
would be unfairly discriminatory.

6: WHAT ARE THE EXPENSES ASSOCIATED WITH THE STRATEGIC PARTNERS SELECT
CONTRACT? continued

The withdrawal charge is the percentage, shown below, of the amount withdrawn.

Percentage of Applicable Withdrawal Charges

During contract year 1 7%
---------------------------
During contract year 2 6%
---------------------------
During contract year 3 5%
---------------------------
During contract year 4 4%
---------------------------
During contract year 5 3%
---------------------------
During contract year 6 2%
---------------------------
During contract year 7 1%
---------------------------
After that 0%
---------------------------

Note: There is no withdrawal charge on any withdrawals made under the Critical
Care Access Option or on any amount used to provide income under the Life
Annuity with 120 payments (10 years) certain option. There will be a reduction
in the withdrawal charge for contracts issued to annuitants whose age is 84
and older.

If a withdrawal is taken from a market value adjustment guarantee period prior
to the expiration of the rate guarantee period, we will make a market value
adjustment to the withdrawal amount. We will then apply a withdrawal charge to
the adjusted amount.

Withdrawal charges will never be greater than permitted by applicable law.

WAIVER OF WITHDRAWAL CHARGE FOR CRITICAL CARE
Except as restricted by applicable state law, we will waive all withdrawal
charges upon receipt of proof that the sole or last surviving annuitant is
terminally ill, or has been confined to an eligible nursing home or eligible
hospital continuously for at least three months after the contract date. We
will also waive the contract maintenance charge if you surrender your contract
in accordance with the above noted conditions. This waiver is not available if
the owner has assigned ownership of the contract to someone else.

TAXES ATTRIBUTABLE TO PREMIUM
There may be federal, state and local premium based taxes applicable to your
purchase payment. We are responsible for the payment of these taxes and may
make a deduction from the value of the contract to pay some or all of these
taxes. It is our current practice not to deduct a charge for state premium
taxes until annuity payments begin. In the states that impose a premium tax on
us, the current rates range up to 3.5%. It is also our current practice not to
deduct a charge for the federal tax associated with deferred acquisition costs
paid by us that are based on premium received. However, we reserve the right
to charge the contract owner in the future for any such tax associated with
deferred acquisition costs and any federal, state or local income, excise,
business or any other type of tax measured by the amount of premium received
by us.

TRANSFER FEE
You can make 12 free transfers every contract year. We measure a contract year
from the date we issue your contract (contract date). If you make more than 12
transfers in a contract year (excluding Dollar Cost Averaging and
Auto-Rebalancing), we will deduct a transfer fee of $25 for each additional
transfer. We will deduct the transfer fee pro-rata from the investment options
from which the transfer is made. The transfer fee is deducted before the
market value adjustment, if any, is calculated. There is a unique transfer fee
under the Beneficiary Continuation Option.

BENEFICIARY CONTINUATION OPTION CHARGES
If your beneficiary takes the death benefit under a beneficiary continuation
option, we deduct a Settlement Service Charge. The charge is assessed daily
against the average assets allocated to the variable investment options, and
is equal to an annual charge of 1.00%. In addition, the beneficiary will incur
an annual maintenance fee equal to the lesser of $30 or 2% of Contract Value
if the Contract Value is less than $25,000 at the time the fee is assessed.
The fee will not apply if it is assessed 30 days prior to a surrender request.
Finally, transfers in excess of 20 per year will incur a $10 transfer fee.

COMPANY TAXES
We pay company income taxes on the taxable corporate earnings created by this
separate account product. While we may consider company income taxes when
pricing our products, we do not currently include such income taxes in the tax
charges you pay under the contract. We will periodically review the issue of
charging for these taxes and may impose a charge in the future.

In calculating our corporate income tax liability, we derive certain corporate
income tax benefits associated with the investment of company assets,
including separate account assets, which are treated as company assets under
applicable income tax law. These benefits reduce our overall corporate income
tax liability. Under current law, such benefits may include foreign tax
credits and corporate dividend received deductions. We do not pass these tax
benefits through to holders of the separate account annuity contracts because
(i) the contract owners are not the owners of the assets generating these
benefits under applicable income tax law and (ii) we do not currently include
company income taxes in the tax charges you pay under the contract. We reserve
the right to change these tax practices.

UNDERLYING MUTUAL FUND FEES
When you allocate a purchase payment or a transfer to the variable investment
options, we in turn invest in shares of a corresponding underlying mutual
fund. Those funds charge fees that are in addition to the contract-related
fees described in this section. For 2006, the fees of these funds ranged from
0.37% to 1.19% annually. For certain funds, expenses are reduced pursuant to
expense waivers and comparable arrangements. In general, these expense waivers
and comparable arrangements are not guaranteed, and may be terminated at any
time. For additional information about these fund fees, please consult the
prospectuses for the funds.

7: HOW CAN I ACCESS MY MONEY?

You can access your Money by:
.. Making a withdrawal (either partial or complete); or
.. Choosing to receive annuity payments during the income phase.

YOU CAN MAKE WITHDRAWALS ONLY DURING THE ACCUMULATION PHASE
When you make a full withdrawal, you will receive the value of your contract
minus any applicable charges and fees. We will calculate the value of your
contract, and charges, if any, as of the date we receive your request in good
order at the Prudential Annuity Service Center.

With respect to the variable investment options, we will generally pay the
withdrawal amount, less any required tax withholding, within seven days after
we receive a properly completed withdrawal request. We will deduct applicable
charges, and apply a market value adjustment, if any, from the assets in your
contract.

Income taxes, tax penalties, and certain restrictions also may apply to any
withdrawal you make. For a more complete explanation, see section 8 of this
prospectus.

AUTOMATED WITHDRAWALS
We offer an automated withdrawal feature. This feature enables you to receive
periodic withdrawals in monthly, quarterly, semiannual or annual intervals. We
will process your withdrawals at the end of the business day at the intervals
you specify. We will continue at these intervals until you tell us otherwise.

You can make withdrawals from any designated investment option or
proportionally from all investment options. Market value adjustments may
apply. Withdrawal charges may be deducted if the withdrawals in any contract
year are more than the charge-free amount. The minimum automated withdrawal
amount you can make generally is $100. An assignment of the contract
terminates any automated withdrawal program that you had in effect.

Income taxes, tax penalties, withdrawal charges, market value adjustments and
certain restrictions may apply to automated withdrawals. For a more complete
explanation, see section 8.

SUSPENSION OF PAYMENTS OR TRANSFERS
The SEC may require us to suspend or postpone payments made in connection with
withdrawals or transfers from the variable investment options for any period
when:
.. The New York Stock Exchange is closed (other than customary weekend and
holiday closings);
.. Trading on the New York Stock Exchange is restricted;
.. An emergency exists, as determined by the SEC, during which sales and
redemptions of shares of the underlying mutual funds are not feasible or we
cannot reasonably value the accumulation units; or
.. The SEC, by order, permits suspension or postponement of payments for the
protection of owners.

We expect to pay the amount of any withdrawal or process any transfer made
from the interest-rate options promptly upon request.

8: WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE STRATEGIC PARTNERS
SELECT CONTRACT?

The tax considerations associated with the Strategic Partners Select contract
vary depending on whether the contract is (i) owned by an individual and not
associated with a tax-favored retirement plan (including contracts held by a
non-natural person, such as a trust, acting as an agent for a natural person),
or (ii) held under a tax-favored retirement plan. We discuss the tax
considerations for these categories of contracts below. The discussion is
general in nature and describes only federal income tax law (not state or
other tax laws). It is based on current law and interpretations, which may
change. The discussion includes a description of certain spousal rights under
the contract and under tax-qualified plans. Our administration of such spousal
rights and related tax reporting accords with our understanding of the Defense
of Marriage Act (which defines a "marriage" as a legal union between a man and
a woman and a "spouse" as a person of the opposite sex). The information
provided is not intended as tax advice. You should consult with a qualified
tax advisor for complete information and advice. References to purchase
payments below relate to your cost basis in your contract. Generally, your
cost basis in a contract not associated with a tax-favored retirement plan is
the amount you pay into your contract, or into annuities exchanged for your
contract, on an after-tax basis less any withdrawals of such payments.

This contract may also be purchased as a non-qualified annuity (i.e., a
contract not held under a tax-favored retirement plan) by a trust or custodial
IRA account, which can hold other permissible assets other than the annuity.
The terms and administration of the trust or custodial account in accordance
with the laws and regulations for IRAs, as applicable, are the responsibility
of the applicable trustee or custodian.

CONTRACTS OWNED BY INDIVIDUALS (NOT ASSOCIATED WITH TAX-FAVORED RETIREMENT
PLANS)
Taxes Payable By You
We believe the contract is an annuity contract for tax purposes. Accordingly,
as a general rule, you should not pay any tax until you receive money under
the contract.

Contracts Not Held By Tax Favored Plans
Generally, annuity contracts issued by the same company (and affiliates) to
you during the same calendar year must be treated as one annuity contract for
purposes of determining the amount subject to tax under the rules described
below.

Charges for investment advisory fees that are taken from the contract are
treated as a partial withdrawal from the contract and will be reported as such
to the contract owner.

It is possible that the Internal Revenue Service (IRS) would assert that some
or all of the charges for the optional benefits under the contract, should be
treated for federal income tax purposes as a partial withdrawal from the
contract. If this were the case, the charge for these benefits could be deemed
a withdrawal and treated as taxable to the extent there are earnings in the
contract. Additionally, for owners under age 59 1/2, the taxable income
attributable to the charge for the benefit could be subject to a tax penalty.

If the IRS determines that the charges for one or more benefits under the
contract are taxable withdrawals, then the sole or surviving owner will be
provided with a notice from us describing available alternatives regarding
these benefits.

Taxes on Withdrawals and Surrender
If you make a withdrawal from your contract or surrender it before annuity
payments begin, the amount you receive will be taxed as ordinary income,
rather than as return of purchase payments, until all gain has been withdrawn.
Once all gain has been withdrawn, payments will be treated as a nontaxable
return of purchase payments until all purchase payments have been returned.
After all purchase payments are returned, all subsequent amounts will be taxed
as ordinary income. You will generally be taxed on any withdrawals from the
contract while you are alive even if the withdrawal is paid to someone else.
Withdrawals under a systematic payment are taxed under these rules.

If you assign or pledge all or part of your contract as collateral for a loan,
the part assigned generally will be treated as a withdrawal. Also, if you
elect the interest payment option that we may offer, that election will be
treated, for tax purposes, as surrendering your contract.

If you transfer your contract for less than full consideration, such as by
gift, you will trigger tax on any gain in the contract. This rule does not
apply if you transfer the contract to your spouse or under most circumstances
you transfer the contract incident to divorce.

Taxes on Annuity Payments
A portion of each annuity payment you receive will be treated as a partial
return of your purchase payments and will not be taxed. The remaining portion
will be taxed as ordinary income. Generally, the nontaxable portion is
determined by multiplying the

annuity payment you receive by a fraction, the numerator of which is your
purchase payments (less any amounts previously received tax-free) and the
denominator of which is the total expected payments under the contract.

Tax Penalty on Withdrawals and Annuity Payments
Any taxable amount you receive under your contract may be subject to a 10% tax
penalty. Amounts are not subject to this tax penalty if:
.. the amount is paid on or after you reach age 59 1/2 or die;
.. the amount received is attributable to your becoming disabled;
.. the amount paid or received is in the form of substantially equal payments
not less frequently than annually (please note that substantially equal
payments must continue until the later of reaching age 59 1/2 or 5 years.
Modification of payments during that time period will generally result in
retroactive application of the 10% tax penalty.); or
.. The amount received is paid under an immediate annuity contract (in which
annuity payments begin within one year of purchase).

Special Rules in Relation to Tax-free Exchanges Under Section 1035
Section 1035 of the Internal Revenue Code of 1986, as amended (Code) permits
certain tax-free exchanges of a life insurance, annuity or endowment contract
for an annuity. If the annuity is purchased through a tax-free exchange of a
life insurance, annuity or endowment contract that was purchased prior to
August 14, 1982, then any purchase payments made to the original contract
prior to August 14, 1982 will be treated as made to the new contract prior to
that date. (See "Federal Tax Status" in the Statement of Additional
Information).

Partial surrenders may be treated in the same way as tax-free 1035 exchanges
of entire contracts, therefore avoiding current taxation of any gains in the
contract as well as the 10% tax penalty on pre-age 59 1/2 withdrawals. The IRS
has reserved the right to treat transactions it considers abusive as
ineligible for this favorable partial 1035 exchange treatment. We do not know
what transactions may be considered abusive. For example, we do not know how
the IRS may view early withdrawals or annuitizations after a partial exchange.
In addition, it is unclear how the IRS will treat a partial exchange from a
life insurance, endowment, or annuity contract into an immediate annuity. As
of the date of this prospectus, we will accept a partial 1035 exchange from a
non-qualified annuity into an immediate annuity as a "tax-free" exchange for
future tax reporting purposes, except to the extent that we, as a reporting
and withholding agent, believe that we would be expected to deem the
transaction to be abusive. However, some insurance companies may not recognize
these partial surrenders as tax-free exchanges and may report them as taxable
distributions to the extent of any gain distributed as well as subjecting the
taxable portion of the distribution to the 10% tax penalty. We strongly urge
you to discuss any transaction of this type with your tax advisor before
proceeding with the transaction.

Taxes Payable by Beneficiaries
The death benefit options are subject to income tax to the extent the
distribution exceeds the cost basis in the contract. The value of the death
benefit, as determined under federal law, is also included in the owner's
estate.

Generally, the same tax rules described above would also apply to amounts
received by your beneficiary. Choosing any option other than a lump sum death
benefit may defer taxes. Certain required minimum distribution provisions
under the tax law apply upon your death, as discussed further below.

Tax consequences to the beneficiary vary among the death benefit payment
options.
.. Choice 1: The beneficiary is taxed on earnings in the contract.
.. Choice 2: The beneficiary is taxed as amounts are withdrawn (in this case
earnings are treated as being distributed first).
.. Choice 3: The beneficiary is taxed on each payment (part will be treated as
earnings and part as return of premiums).

Considerations for Co-Annuitants
There may be adverse tax consequences if a Co-Annuitant succeeds an Annuitant
when an Annuity is owned by a trust that is neither tax exempt nor qualifies
for preferred treatment under certain sections of the Code. In general, the
Code is designed to prevent indefinite deferral of tax. Continuing the benefit
of tax deferral by naming one or more Co-Annuitants when an Annuity is owned
by a non-qualified trust might be deemed an attempt to extend the tax deferral
for an indefinite period. Therefore, adverse tax treatment may depend on the
terms of the trust, who is named as Co-Annuitant, as well as the particular
facts and circumstances. You should consult your tax advisor before naming a
Co-Annuitants if you expect to use an Annuity in such a fashion.

Reporting and Withholding on Distributions
Taxable amounts distributed from your annuity contracts are subject to federal
and state income tax reporting and withholding. In general, we will withhold
federal income tax from the taxable portion of such distribution based on the
type of distribution. In the

8: WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE STRATEGIC PARTNERS
SELECT CONTRACT? continued

case of an annuity or similar periodic payment, we will withhold as if you are
a married individual with three exemptions unless you designate a different
withholding status. In the case of all other distributions, we will withhold
at a 10% rate. You may generally elect not to have tax withheld from your
payments. An election out of withholding must be made on forms that we provide.

State income tax withholding rules vary and we will withhold based on the
rules of your State of residence. Special tax rules apply to withholding for
nonresident aliens, and we generally withhold income tax for nonresident
aliens at a 30% rate. A different withholding rate may be applicable to a
nonresident alien based on the terms of an existing income tax treaty between
the United States and the nonresident alien's country. Please refer to the
CONTRACTS HELD BY TAX FAVORED PLANS section below for a discussion regarding
withholding rules for tax favored plans (for example, an IRA).

Regardless of the amount withheld by us, you are liable for payment of federal
and state income tax on the taxable portion of annuity distributions. You
should consult with your tax advisor regarding the payment of the correct
amount of these income taxes and potential liability if you fail to pay such
taxes.

Entity Owners
Where a contract is held by a non-natural person (e.g. a corporation), other
than as an agent or nominee for a natural person (or in other limited
circumstances), the contract will not be taxed as an annuity and increases in
the value of the contract over its cost basis will be subject to tax annually.

Where a contract is issued to a trust, and such trust is characterized as a
grantor trust under the Internal Revenue Code, such contract shall not be
considered to be held by a non-natural person and will be subject to the tax
reporting and withholding requirements for contracts not held by tax favored
plans.

Annuity Qualification
Diversification And Investor Control. In order to qualify for the tax rules
applicable to annuity contracts described above, the assets underlying the
variable investment options of the annuity contract must be diversified,
according to certain rules under the Internal Revenue Code.

Each portfolio is required to diversify its investments each quarter so that
no more than 55% of the value of its assets is represented by any one
investment, no more than 70% is represented by any two investments, no more
than 80% is represented by any three investments, and no more than 90% is
represented by any four investments. Generally, securities of a single issuer
are treated as one investment and obligations of each U.S. Government agency
and instrumentality (such as the Government National Mortgage Association) are
treated as issued by separate issuers. In addition, any security issued,
guaranteed or insured (to the extent so guaranteed or insured) by the United
State or an instrumentality of the U.S. will be treated as a security issued
by the U.S. Government of its instrumentality, where applicable. We believe
the portfolios underlying the variable investment options of the Contract meet
these diversification requirements.

An additional requirement for qualification for the tax treatment described
above is that we, and not you as the contract owner, must have sufficient
control over the underlying assets to be treated as the owner of the
underlying assets for tax purposes. While we also believe these investor
control rules will be met, the Treasury Department may promulgate guidelines
under which a variable annuity will not be treated as an annuity for tax
purposes if persons with ownership rights have excessive control over the
investments underlying such variable annuity. It is unclear whether such
guidelines, if in fact promulgated, would have retroactive effect. It is also
unclear what effect, if any, such guidelines may have on transfers between the
investment options offered pursuant to this prospectus. We reserve the right
to take any action, including modifications to your contract or the investment
options, required to comply with such guidelines if promulgated. Any such
changes will apply uniformly to affected owners and will be made with such
notice to affected owners as is feasible under the circumstances.

Required distributions upon your death for contracts owned by individuals (not
associated with tax-favored plans). Upon your death, certain distributions
must be made under the contract. The required distributions depend on whether
you die before you start taking annuity payments under the contract or after
you start taking annuity payments under the contract.

If you die on or after the annuity start date, the remaining portion of the
interest in the contract must be distributed at least as rapidly as under the
method of distribution being used as of the date of death.

If you die before the annuity start date, the entire interest in the contract
must be distributed within five years after the date of death or as periodic
payments over a period not extending beyond the life or life expectancy of
such designated beneficiary (provided

such payments begin within one year of your death). Your designated
beneficiary is the person to whom benefit rights under the contract pass by
reason of death, and must be a natural person in order to elect a periodic
payment option based on life expectancy or a period exceeding five years.

Additionally, if the contract is payable to (or for the benefit of) your
surviving spouse, that portion of the contract may be continued with your
spouse as the owner.

Changes In The Contract. We reserve the right to make any changes we deem
necessary to assure that the contract qualifies as an annuity contract for tax
purposes. Any such changes will apply to all contract owners and you will be
given notice to the extent feasible under the circumstances.

Additional Information
You should refer to the Statement of Additional Information if:
.. Your contract was issued in exchange for a contract containing purchase
payments made before August 14, 1982.
.. You transfer your contract to, or designate, a beneficiary who is either
37 1/2 years younger than you or a grandchild.

CONTRACTS HELD BY TAX FAVORED PLANS
The following discussion covers annuity contracts held under tax-favored
retirement plans.

Currently, the contract may be purchased for use in connection with individual
retirement accounts and annuities (IRAs) which are subject to Sections 408(a)
and 408(b) of the Code and Roth Individual Retirement Accounts (Roth IRAs)
under Section 408A of the Code. This description assumes that you have
satisfied the requirements for eligibility for these products.

Types of Tax Favored Plans
IRAs. If you buy a contract for use as an IRA, we will provide you a copy of
the prospectus and contract. The "IRA Disclosure Statement," attached to this
prospectus, contains information about eligibility, contribution limits, tax
particulars, and other IRA information. In addition to this information (some
of which is summarized below), the IRS requires that you have a "free look"
after making an initial contribution to the contract. During this time, you
can cancel the contract by notifying us in writing, and we will refund all of
the purchase payments under the contract (or, if provided by applicable state
law, the amount your contract is worth, if greater) less any applicable
federal and state income tax withholding.

Contributions Limits/Rollovers. Because of the way the contract is designed,
you may only purchase a contract for an IRA in connection with a "rollover" of
amounts from a qualified retirement plan or transfer from another IRA, or if
you are age 50 or older by making a single contribution consisting of your IRA
contributions and catch-up contributions attributable to a prior year and the
current year during the period from January 1 to April 15 of the current year.
You must make a minimum initial payment of $10,000 to purchase a contract.
This minimum is greater than the maximum amount of any annual contribution
allowed by law you may make to an IRA. For 2007, the limit is $4,000,
increasing to $5,000 in 2008. After 2008, the contribution amount will be
indexed for inflation. The tax law also provides for a catch-up provision for
individuals who are age 50 and above, allowing these individuals an additional
$1,000 contribution each year. The "rollover" rules under the Code are fairly
technical; however, an individual (or his or her surviving spouse) may
generally "roll over" certain distributions from tax favored retirement plans
(either directly or within 60 days from the date of these distributions) if he
or she meets the requirements for distribution. Once you buy the contract, you
can make regular IRA contributions under the contract (to the extent permitted
by law). However, if you make such regular IRA contributions, you should note
that you will not be able to treat the contract as a "conduit IRA," which
means that you will not retain possible favorable tax treatment if you
subsequently "roll over" the contract funds originally derived from a
qualified retirement plan into another Section 401(a) plan.

REQUIRED PROVISIONS. Contracts that are IRAs (or endorsements that are part of
the contract) must contain certain provisions:
.. You, as owner of the contract, must be the "annuitant" under the contract
(except in certain cases involving the division of property under a decree
of divorce);
.. Your rights as owner are non-forfeitable;
.. You cannot sell, assign or pledge the contract, other than to Pruco Life;
.. The annual contribution you pay cannot be greater than the maximum amount
allowed by law, including catch-up contributions if applicable (which does
not include any rollover amounts);
.. The date on which required minimum distributions must begin cannot be later
than April 1st of the calendar year after the calendar year you turn age
70 1/2; and
.. Death and annuity payments must meet "required minimum distribution
provisions under the tax law".

8: WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE STRATEGIC PARTNERS
SELECT CONTRACT? continued

Usually, the full amount of any distribution from an IRA (including a
distribution from this contract) which is not a rollover is taxable. As
taxable income, these distributions are subject to the general tax withholding
rules described earlier. In addition to this normal tax liability, you may
also be liable for the following, depending on your actions:
.. A 10% "early distribution penalty";
.. Liability for "prohibited transactions" if you, for example, borrow against
the value of an IRA; or
.. Failure to take a minimum distribution.

ROTH IRAs. Like standard IRAs, income within a Roth IRA accumulates tax-free,
and contributions are subject to specific limits. Roth IRAs have, however, the
following differences:
.. Contributions to a Roth IRA cannot be deducted from your gross income;
.. "Qualified distributions" from a Roth IRA are excludable from gross income.
A "qualified distribution" is a distribution that satisfies two
requirements: (1) the distribution must be made (a) after the owner of the
IRA attains age 59 1/2; (b) after the owner's death; (c) due to the owner's
disability; or (d) for a qualified first time homebuyer distribution within
the meaning of Section 72(t)(2)(F) of the Code; and (2) the distribution
must be made in the year that is at least five tax years after the first
year for which a contribution was made to any Roth IRA established for the
owner or five years after a rollover, transfer, or conversion was made from
a traditional IRA to a Roth IRA. Distributions from a Roth IRA that are not
qualified distributions will be treated as made first from contributions
and then from earnings, and earnings will be taxed generally in the same
manner as distributions from a traditional IRA; and
.. If eligible (including meeting income limitations and earnings
requirements), you may make contributions to a Roth IRA after attaining age
70 1/2, and distributions are not required to begin upon attaining such age
or at any time thereafter.

The "IRA Disclosure Statement" attached to this prospectus contains some
additional information on Roth IRAs.

Because the contract's minimum initial payment of $10,000 is greater than the
maximum annual contribution permitted to be made to a Roth IRA, you may only
purchase the contract for a Roth IRA in connection with a "rollover" or
"conversion" of amounts of a traditional IRA, conduit IRA, or another Roth
IRA, or if you are age 50 or older by making a single contribution consisting
of your IRA contributions and catch-up contributions attributable to the prior
year and the current year during the period from January 1 to April 15 of the
current year. The Code permits persons who meet certain income limitations
(generally, adjusted gross income under $100,000) who are not married filing a
separate return, and who receive certain qualifying distributions from such
non-Roth IRAs, to directly rollover or make, within 60 days, a "rollover" of
all or any part of the amount of such distribution to a Roth IRA which they
establish. Beginning January 2008, an individual receiving an eligible
rollover distribution from a qualified plan can directly roll over
contributions to a Roth IRA, subject to the same income limits. This
conversion triggers current taxation (but is not subject to a 10% early
distribution penalty). Once the contract has been purchased, regular Roth IRA
contributions will be accepted to the extent permitted by law. In addition, as
of January 1, 2006, an individual receiving an eligible rollover distribution
from a designated Roth account under an employer plan may roll over the
distribution to a Roth IRA even if the individual is not eligible to make
regular or conversion contributions to a Roth IRA. If you are considering
rolling over funds from your Roth account under an employer plan, please
contact your financial professional prior to purchase to confirm whether such
rollovers are being accepted.

Required Minimum Distribution And Payment Options
If you hold the contract under an IRA (or other tax-favored plan), IRS
required minimum distribution provisions must be satisfied. This means that
generally payments must start by April 1 of the year after the year you reach
age 70 1/2 and must be made for each year thereafter. Roth IRAs are not
subject to these rules during the owner's lifetime. The amount of the payment
must at least equal the minimum required under the IRS rules. Several choices
are available for calculating the minimum amount. More information on the
mechanics of this calculation is available on request. Please contact us a
reasonable time before the IRS deadline so that a timely distribution is made.
Please note that there is a 50% tax penalty on the amount of any minimum
distribution not made in a timely manner.

Effective in 2006, in accordance with recent changes in laws and regulations,
required minimum distributions will be calculated based on the sum of the
contract value and the actuarial value of any additional death benefits and
benefits from optional riders that you have purchased under the contract. As a
result, the required minimum distributions may be larger than if the
calculation were based on the contract value only, which may in turn result in
an earlier (but not before the required beginning date) distribution of
amounts under the contract and an increased amount of taxable income
distributed to the contract owner, and a reduction of death benefits and the
benefits of any optional riders.

You can use the minimum distribution option to satisfy the IRS required
minimum distribution provisions for this contract without either beginning
annuity payments or surrendering the contract. We will distribute to you this
minimum distribution amount, less any other partial withdrawals that you made
during the year.

Although the IRS rules determine the required amount to be distributed from
your IRA each year, certain payment alternatives are still available to you.
If you own more than one IRA, you can choose to satisfy your minimum
distribution requirement for each of your IRAs by withdrawing that amount from
any of your IRAs. Similar rules apply if you inherit more than one Roth IRA
from the same owner.

Required Distributions Upon Your Death For Qualified Contracts Held By Tax
Favored Plans
Upon your death under an IRA, 403(b) or other "qualified investment", the
designated beneficiary may generally elect to continue the contract and
receive required minimum distributions under the contract instead of receiving
the death benefit in a single payment. The available payment options will
depend on whether you die before the date required minimum distributions under
the Code were required to begin, whether you have named a designated
beneficiary and whether that beneficiary is your surviving spouse.

.. If you die after a designated beneficiary has been named, the death benefit
must be distributed by December 31/st/ of the year including the five year
anniversary of the date of death, or as periodic payments not extending
beyond the life or life expectancy of the designated beneficiary (as long
as payments begin by December 31/st/ of the year following the year of
death). However, if your surviving spouse is the beneficiary, the death
benefit can be paid out over the life or life expectancy of your spouse
with such payments beginning no later than December 31/st/ of the year
following the year of death or December 31/st/ of the year in which you
would have reached age 70 1/2, which ever is later. Additionally, if the
contract is payable to (or for the benefit of) your surviving spouse, that
portion of the contract may be continued with your spouse as the owner.
.. If you die before a designated beneficiary is named and before the date
required minimum distributions must begin under the Code, the death benefit
must be paid out by December 31/st/ of the year including the five year
anniversary of the date of death. For contracts where multiple
beneficiaries have been named and at least one of the beneficiaries does
not qualify as a designated beneficiary and the account has not been
divided into separate accounts by December 31/st/ of the year following the
year of death, such contract is deemed to have no designated beneficiary.
.. If you die before a designated beneficiary is named and after the date
required minimum distributions must begin under the Code, the death benefit
must be paid out at least as rapidly as under the method then in effect.
For contracts where multiple beneficiaries have been named and at least one
of the beneficiaries does not qualify as a designated beneficiary and the
account has not been divided into separate accounts by December 31/st/ of
the year following the year of death, such contract is deemed to have no
designated beneficiary.

A beneficiary has the flexibility to take out more each year than mandated
under the required minimum distribution rules.

Until withdrawn, amounts in an IRA, 403(b) or other "qualified investment"
continue to be tax deferred. Amounts withdrawn each year, including amounts
that are required to be withdrawn under the minimum distribution rules, are
subject to tax. You may wish to consult a professional tax advisor for tax
advice as to your particular situation.

For a Roth IRA, if death occurs before the entire interest is distributed, the
death benefit must be distributed under the same rules applied to IRAs where
death occurs before the date required minimum distributions must begin under
the Code.

Penalty For Early Withdrawals
You may owe a 10% tax penalty on the taxable part of distributions received
from an IRA or Roth IRA before you attain age 59 1/2.

Amounts are not subject to this tax penalty if:
.. the amount is paid on or after you reach age 59 1/2 or die;
.. the amount received is attributable to your becoming disabled; or
.. the amount paid or received is in the form of substantially equal payments
not less frequently than annually (please note that substantially equal
payments must continue until the later of reaching age 59 1/2 or 5 years.
Modification of payments during that time period will generally result in
retroactive application of the 10% tax penalty).

Other exceptions to this tax may apply. You should consult your tax advisor
for further details.

Withholding
Unless you elect otherwise, we will withhold federal income tax from the
taxable portion of such distribution at an appropriate percentage. The rate of
withholding on annuity payments where no mandatory withholding is required is
determined on the basis of the withholding certificate that you file with us.
If you do not file a certificate, we will automatically withhold federal taxes
on the following basis:
.. For any annuity payments not subject to mandatory withholding, you will
have taxes withheld by us as if you are a married individual, with three
exemptions; and
.. For all other distributions, we will withhold at a 10% rate.

8: WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE STRATEGIC PARTNERS
SELECT CONTRACT? continued

portion of the distributions, and you should consult with your tax advisor to
find out more information on your potential liability if you fail to pay such
taxes.

ERISA Requirements
ERISA (the "Employee Retirement Income Security Act of 1974") and the Code
prevent a fiduciary and other "parties in interest" with respect to a plan
(and, for these purposes, an IRA would also constitute a "plan") from
receiving any benefit from any party dealing with the plan, as a result of the
sale of the contract. Administrative exemptions under ERISA generally permit
the sale of insurance/annuity products to plans, provided that certain
information is disclosed to the person purchasing the contract. This
information has to do primarily with the fees, charges, discounts and other
costs related to the contract, as well as any commissions paid to any agent
selling the contract.

Information about any applicable fees, charges, discounts, penalties or
adjustments may be found under Section 6, "What Are The Expenses Associated
With The Strategic Partners Select Contract?"

Information about sales representatives and commissions may be found under
"Other Information" and "Sale And Distribution Of The Contract" in Section 9.

Other relevant information required by the exemptions is contained in the
contract and accompanying documentation.

Please consult with your tax advisor if you have any questions about ERISA and
these disclosure requirements.

Additional Information
For additional information about federal tax law requirements applicable to
tax favored plans, see the "IRA Disclosure Statement," attached to this
prospectus.

9: OTHER INFORMATION

PRUCO LIFE INSURANCE COMPANY
Pruco Life Insurance Company (Pruco Life) is a stock life insurance company,
organized on December 23, 1971 under the laws of the State of Arizona. It is
licensed to sell life insurance and annuities in the District of Columbia,
Guam, and in all states except New York.

Pruco Life is a wholly-owned subsidiary of The Prudential Insurance Company of
America (Prudential), a New Jersey stock life insurance company doing business
since October 13, 1875. Prudential is an indirect wholly-owned subsidiary of
Prudential Financial, Inc. (Prudential Financial), a New Jersey insurance
holding company. As Pruco Life's ultimate parent, Prudential Financial
exercises significant influence over the operations and capital structure of
Pruco Life and Prudential. However, neither Prudential Financial, Prudential,
nor any other related company has any legal responsibility to pay amounts that
Pruco Life may owe under the contract.

Pruco Life publishes annual and quarterly reports that are filed with the SEC.
These reports contain financial information about Pruco Life that is annually
audited by independent accountants. Pruco Life's annual report for the year
ended December 31, 2005, together with subsequent periodic reports that Pruco
Life files with the SEC, are incorporated by reference into this prospectus.
You can obtain copies, at no cost, of any and all of this information,
including the Pruco Life annual report that is not ordinarily mailed to
contract owners, the more current reports and any subsequently filed documents
at no cost by contacting us at the address or telephone number listed on the
cover. The SEC file number for Pruco Life is 811-07325. You may read and copy
any filings made by Pruco Life with the SEC at the SEC's Public Reference Room
at 100 F Street N.E., Washington, D.C. 20549. You can obtain information on
the operation of the Public Reference Room by calling (202) 551-8090. The SEC
maintains an Internet site that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the SEC at www.sec.gov.

THE SEPARATE ACCOUNT
We have established a separate account, the Pruco Life Flexible Premium
Variable Annuity Account (separate account), to hold the assets that are
associated with the variable annuity contracts. The separate account was
established under Arizona law on June 16, 1995, and is registered with the SEC
under the Investment Company Act of 1940, as a unit investment trust, which is
a type of investment company. The assets of the separate account are held in
the name of Pruco Life and legally belong to us. These assets are kept
separate from all of our other assets and may not be charged with liabilities
arising out of any other business we may

conduct. More detailed information about Pruco Life, including its audited
consolidated financial statements, is provided in the Statement of Additional
Information.

SALE AND DISTRIBUTION OF THE CONTRACT
Prudential Investment Management Services LLC (PIMS), a wholly-owned
subsidiary of Prudential Financial, Inc., is the distributor and principal
underwriter of the securities offered through this prospectus. PIMS acts as
the distributor of a number of annuity contracts and life insurance products
we offer.

PIMS's principal business address is 100 Mulberry Street, Newark, New Jersey
07102-4077. PIMS 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).

The contract is offered on a continuous basis. PIMS enters into distribution
agreements with broker/dealers who are registered under the Exchange Act and
with entities that may offer the contract but are exempt from registration
(firms). Applications for the contract are solicited by registered
representatives of those firms. Such representatives will also be our
appointed insurance agents under state insurance law. In addition, PIMS may
offer the contract directly to potential purchasers.

Commissions are paid to firms on sales of the contract according to one or
more schedules. The individual representative will receive a portion of the
compensation, depending on the practice of his or her firm. Commissions are
generally based on a percentage of purchase payments made, up to a maximum of
8%. Alternative compensation schedules are available that provide a lower
initial commission plus ongoing annual compensation based on all or a portion
of Contract Value. We may also provide compensation to the distributing firm
for providing ongoing service to you in relation to the contract. Commissions
and other compensation paid in relation to the contract do not result in any
additional charge to you or to the separate account.

In addition, in an effort to promote the sale of our products (which may
include the placement of Pruco Life and/or the contract on a preferred or
recommended company or product list and/or access to the firm's registered
representatives), we or PIMS may enter into compensation arrangements with
certain broker/dealer firms with respect to certain or all registered
representatives of such firms under which such firms may receive separate
compensation or reimbursement for, among other things, training of sales
personnel and/or marketing and/or administrative services and/or other
services they provide to us or our affiliates. These services may include, but
are not limited to: educating customers of the firm on the contract's
features; conducting due diligence and analysis; providing office access,
operations and systems support; holding seminars intended to educate
registered representatives and make them more knowledgeable about the
contract; providing a dedicated marketing coordinator; providing priority
sales desk support; and providing expedited marketing compliance approval to
PIMS. Further information about the firms that are part of these compensation
arrangements appears in the Statement of Additional Information, which is
available without charge upon request.

To the extent permitted by NASD rules and other applicable laws and
regulations, PIMS may pay or allow other promotional incentives or payments in
the form of cash or non-cash compensation. These arrangements may not be
offered to all firms and the terms of such arrangements may differ between
firms.

You should note that firms and individual registered representatives and
branch managers within some firms participating in one of these compensation
arrangements might receive greater compensation for selling the contract than
for selling a different contract that is not eligible for these compensation
arrangements. While compensation is generally taken into account as an expense
in considering the charges applicable to a contract product, any such
compensation will be paid by us or PIMS and will not result in any additional
charge to you. Your registered representative can provide you with more
information about the compensation arrangements that apply upon the sale of
the contract.

LITIGATION
Pruco Life is subject to legal and regulatory actions in the ordinary course
of its businesses, which may include class action lawsuits. Pending legal and
regulatory actions include proceedings relating to aspects of the businesses
and operations that are specific to Pruco Life and that are typical of the
businesses in which Pruco Life operates. Class action and individual lawsuits
may involve a variety of issues and/or allegations, which include sales
practices, underwriting practices, claims payment and procedures, premium
charges, policy servicing and breach of fiduciary duties to customers. Pruco
Life may also be subject to litigation arising out of its general business
activities, such as its investments and third party contracts. In certain of
these matters, the plaintiffs may seek large and/or indeterminate amounts,
including punitive or exemplary damages.

Stewart v. Prudential, et al. is a lawsuit brought in the Circuit Court of the
First Judicial District of Hinds County, Mississippi by the beneficiaries of
an alleged life insurance policy against Pruco Life and Prudential. The
complaint alleges that the Prudential defendants acted in bad faith when they
failed to pay a death benefit on an alleged contract of insurance that was
never delivered. In February 2006, the jury awarded the plaintiffs $1.4
million in compensatory damages and $35 million in punitive damages. Motions
for a new trial, judgment notwithstanding the verdict and remittitur, were
denied in June 2006. Pruco Life's appeal with the Mississippi Supreme Court is
pending.

9: OTHER INFORMATION continued

Pruco Life's litigation and regulatory matters are subject to many
uncertainties, and given the complexity and scope, the outcomes cannot be
predicted. It is possible that the results of operations or the cash flow of
Pruco Life in a particular quarterly or annual period could be materially
affected by an ultimate unfavorable resolution of litigation and regulatory
matters, depending, in part, upon the results of operations or cash flow for
such period. Management believes, however, that the ultimate outcome of all
pending litigation and regulatory matters, after consideration of applicable
reserves and rights to indemnification, should not have a material adverse
effect on Pruco Life's financial position.

ASSIGNMENT
In general, you can assign the contract at any time during your lifetime. We
will not be bound by the assignment until we receive written notice. We will
not be liable for any payment or other action we take in accordance with the
contract if that action occurs before we receive notice of the assignment. An
assignment, like any other change in ownership, may trigger a taxable event.
If you assign the contract, that assignment will result in the termination of
any automated withdrawal program that had been in effect. If the new owner
wants to re-institute an automated withdrawal program, then he/she needs to
submit the forms that we require, in good order.

If the contract is issued under a qualified plan, there may be limitations on
your ability to assign the contract. For further information please speak to
your representative.

FINANCIAL STATEMENTS
The financial statements of the separate account and Pruco Life, the co-issuer
of the Strategic Partners Select contract, are included in the Statement of
Additional Information.

STATEMENT OF ADDITIONAL INFORMATION
Contents:
Company
Experts
Principal Underwriter
Payments Made to Promote Sale of Our Products
Allocation of Initial Purchase Payment
Determination of Accumulation Unit Values
Federal Tax Status
Financial Statements

HOUSEHOLDING
To reduce costs, we now send only a single copy of prospectuses and
shareholder reports to each consenting household, in lieu of sending a copy to
each contract owner that resides in the household. If you are a member of such
a household, you should be aware that you can revoke your consent to
householding at any time, and begin to receive your own copy of prospectuses
and shareholder reports, by calling (877) 778-5008.

MARKET VALUE ADJUSTMENT FORMULA
With respect to residents of states, other than Pennsylvania, in which
Strategic Partners Select is being offered. With respect to contracts issued
in Pennsylvania, see page 54.

The Adjustment Involves Three Amounts
The Market Value Adjustment, which is applied to withdrawals and transfers
made at any time other than the 30-day period following the end of an interest
rate period, involves three amounts:

1) The number of whole months remaining in the existing interest rate period.

2) The guaranteed interest rate.

3) The interest rate that Pruco Life declares for a duration of one year
longer than the number of whole years remaining on the existing cell being
withdrawn from.

STATED AS A FORMULA, THE MARKET VALUE IS EQUAL TO: (M/12) X (R-C)

not to exceed +0.40 or be less than -0.40; where,

M = the number of whole months (not to be less than one) remaining in the interest-rate period.

R = the Contract's guaranteed interest-rate expressed as a decimal. Thus 6.2% is converted to
0.062.

C = the interest-rate, expressed as a decimal, that Pruco Life declares for a duration equal to the
number of whole years remaining in the present interest-rate period, plus 1 year as of the
date the request for a withdrawal or transaction is received.

The Market Value Adjustment is then equal to the Market Value Factor
multiplied by the amount subject to a Market Value Adjustment.

STEP BY STEP

The steps below explain how a market value adjustment is calculated.

STEP 1: Divide the number of whole months left in the existing interest rate
period (not to be less than one) by 12.

STEP 2: Determine the interest rate Pruco Life declares on the date the
request for withdrawal or transfer is received for a duration of years equal
to the whole number of years determined in Step 1, plus 1 additional year.
Subtract this interest rate from the guaranteed interest rate. The result
could be negative.

STEP 3: Multiply the results of Step 1 and Step 2. Again, the result could be
negative. If the result is less than -0.4, use the value -0.4. If the result
is in between -0.4 and 0.4, use the actual value. If the result is more than
0.4, use the value 0.4.

STEP 4: Multiply the result of Step 3 (which is the Market Value Factor) by
the value of the amount subject to a Market Value Adjustment. The result is
the Market Value Adjustment.

STEP 5: The result of Step 4 is added to the interest cell. If the Market
Value Adjustment is positive, the interest cell will go up in value. If the
Market Value Adjustment is negative, the interest cell will go down in value.

Depending upon when the withdrawal request is made, a withdrawal charge may
apply.

The following example will illustrate the application of a market value
adjustment and the determination of the withdrawal charge:

Suppose a contractowner made two invested purchase payments, the first in the
amount of $10,000 on December 1, 2000, all of which was allocated to the
Equity Subaccount, and the second in the amount of $5,000 on October 1, 2002,
all of which was allocated to the MVA Option with a guaranteed interest rate
of 8%(0.08) for 7 years. A request for withdrawal of $8,500 is made on
February 1, 2005 (the contract owner does not provide any withdrawal
instructions). On that date the amount in the Equity Subaccount is equal to
$12,000 and the amount in the interest cell with a maturity date of
September 30, 2009 is $5,985.23, so that the contract fund on that date is
equal to $17,985.23.

On February 1, 2005, the interest rates declared by Pruco Life for the
duration of 5 years (4 whole years remaining until September 30, 2009, plus 1
year) is 11%.

The following computations would be made:

1) Calculate the Contract Fund value as of the effective date of the
transaction. This would be $17,985.23.

2) Calculate the charge-free amount (the amount of the withdrawal that is not
subject to a withdrawal charge).

DATE PAYMENT FREE
---- ------- ----

12/1/00 $10,000 $1,000
12/1/01 $2,000
10/1/02 $ 5,000 $2,500
12/1/02 $4,000
12/1/03 $5,500
12/1/04 $7,000

9: OTHER INFORMATION continued

The charge-free amount in the fifth Contract year is 10% of $15,000 (total
purchase payments) plus $5,500 (the charge-free amount available in the fourth
Contract year) for a total of $7,000.

3) Since the withdrawal request is in the fifth Contract year, a 3% withdrawal
charge rate applies to any portion of the withdrawal which is not charge-free.

$8,500.00 requested withdrawal amount
-$7,000.00 charge-free
------------------------------------- -------------------------------------
additional amount needed to complete
$1,500.00 withdrawal

The Contract provides that the Contract Fund will be reduced by an amount
which, when reduced by the withdrawal charge, will equal the amount requested.
Therefore, in order to produce the amount needed to complete the withdrawal
request ($1,500), we must "gross-up" that amount, before applying the
withdrawal charge rate. This is done by dividing by 1 minus the withdrawal
charge rate.

$1,500.00 / (1-.03) =$1,500.00 / 0.97 = $1,546.39 grossed-up amount

Please note that a 3% withdrawal charge on this grossed-up amount reduces it
to $1,500, the balance needed to complete the request.

$1,546.39 grossed-up amount
X .03 withdrawal charge rate
------------------------------------- -------------------------------------
$46.39 withdrawal charge

4) The Market Value Factor is determined as described in steps 1 through 5,
above. In this case, it is equal to 0.08 (8% is the guaranteed rate in the
existing cell) minus 0.11 (11% is the interest-rate that would be offered for
an interest cell with a duration of the remaining whole years plus 1), which
is -0.03, multiplied by 4.58333 (55 months remaining until September 30, 2009,
divided by 12) or -0.13750. Thus, there will be a negative Market Value
Adjustment of approximately 14% of the amount in the interest cell that is
subject to the adjustment.

-0.13750 X $5,985.23 =
-822.97 negative MVA
$5,985.23 unadjusted value
------------------------------------- -------------------------------------
$5,162.26 adjusted value
$12,000.00 equity value
------------------------------------- -------------------------------------
$17,162.26 adjusted contract fund

5) The total amount to be withdrawn, $8,546.39, (sum of the surrender charge,
$46.39, and the requested withdrawal amount of $8,500) is apportioned over all
accounts making up the Contract Fund following the Market Value Adjustments,
if any, associated with the MVA option.

Equity
($12,000/$17,162.26) X $8,546.39 = $5,975.71
- --------------------------------------------- -------------------------------------
7-Yr MVA ($5,162.26/$17,162.26) X $8,546.39 = $2,570.68
-------------------------------------
$8,546.39

6) The adjusted value of the interest cell, $5,162.26, reduced by the
withdrawal of $2,570.68 leaves $2,591.58. This amount must be "unadjusted" by
dividing it by 0.86250 (1 plus the Market Value Adjustment of -0.13750) to
determine the amount remaining in the interest cell to which the guaranteed
interest-rate of 8% will continue to be credited until September 30, 2009 or a
subsequent withdrawal. That amount is $3,004.73.

Market Value Adjustment Formula With Respect to Contracts Issued in
Pennsylvania Only

The Adjustment Involves Three Amounts

The Market Value Adjustment, which is applied to withdrawals and transfers
made at any time other than the 30-day period following the end of an interest
rate period, involves three amounts:
1) The number of whole months remaining in the existing interest rate period.
2) The guaranteed interest rate.
3) The interpolated value of the interest rates that Pruco Life declares for
the number of whole years remaining and the duration 1 year longer than the
number of whole years remaining in the existing interest rate period.

Stated as a Formula, The Market Value is Equal to:

(M/12) X (R-C) not to exceed +0.40 or be less than -0.40; where,

M = the number of whole months (not to be less than one) remaining in the interest-rate period.

R = the Contract's guaranteed interest-rate expressed as a decimal. Thus 6.2% is converted to
0.062.

C = the interpolated value of the interest rates, expressed as a decimal, that Pruco Life declares
for the number of whole years remaining and the duration 1 year longer than the number of
whole years remaining as of the date the request for a withdrawal or transfer is received or
m/365 x (n+1) year rate + (365-m)/365 x n year rate, where "n" equals years and "m"
equals days remaining in year "n" of the existing interest rate period.

The Market Value Adjustment is then equal to the Market Value Factor
multiplied by the amount subject to a Market Value Adjustment.

Step By Step
The steps below explain how a market value adjustment is calculated.

STEP 1: Divide the number of whole months left in the existing interest rate
period (not to be less than one) by 12.

STEP 3: Subtract this interpolated interest rate from the guaranteed interest
rate. The result could be negative.

STEP 4: Multiply the results of Step 1 and Step 2. Again, the result could be
negative. If the result is less than -0.4, use the value -0.4. If the result
is in between -0.4 and 0.4, use the actual value. If the result is more than
0.4, use the value 0.4.

STEP 5: Multiply the result of Step 3 (which is the Market Value Factor) by
the value of the amount subject to a Market Value Adjustment. The result is
the Market Value Adjustment.

STEP 6: The result of Step 4 is added to the interest cell. If the Market
Value Adjustment is positive, the interest cell will go up in value. If the
Market Value Adjustment is negative, the interest cell will go down in value.

Depending upon when the withdrawal request is made, a withdrawal charge may
apply.

The following example will illustrate the application of a market value
adjustment and the determination of the withdrawal charge:

Suppose a contract owner made two invested purchase payments, the first in the
amount of $10,000 on December 1, 2000, all of which was allocated to the
Equity Subaccount, and the second in the amount of $5,000 on October 1, 2002,
all of which was allocated to the MVA option with a guaranteed interest rate
of 8% (0.08) for 7 years. A request for withdrawal of $8,500 is made on
February 1, 2005 (the contract owner does not provide any withdrawal
instructions). On that date the amount in the Equity Subaccount is equal to
$12,000 and the amount in the interest cell with a maturity date of
September 30, 2009 is $5,985.23, so that the contract fund on that date is
equal to $17,985.23.

On February 1, 2005, the interest rates declared by Pruco Life for the
duration's 4 and 5 years (4 whole years remaining until September 30, 2009,
plus 1 year) are 10.8% and 11.4%, respectively.

The following computations would be made:

1) Calculate the Contract Fund value as of the effective date of the
transaction. This would be $17,985.23.

9: OTHER INFORMATION continued

2) Calculate the charge-free amount (the amount of the withdrawal that is not
subject to a withdrawal charge).

DATE PAYMENT FREE
---- ------- ----

12/1/95 $10,000 $1,000
12/1/96 $2,000
10/1/97 $ 5,000 $2,500
12/1/97 $4,000
12/1/98 $5,500
12/1/99 $7,000

The charge-free amount in the fifth Contract year is 10% of $15,000 (total
purchase payments) plus $5,500 (the charge-free amount available in the fourth
Contract year) for a total of $7,000.

3) Since the withdrawal request is in the fifth Contract year, a 3% withdrawal
charge rate applies to any portion of the withdrawal which is not charge-free.

$8,500.00 requested withdrawal amount
-$7,000.00 charge-free
------------------------------------- -------------------------------------
additional amount needed to complete
$1,500.00 withdrawal

The Contract provides that the Contract Fund will be reduced by an amount
which, when reduced by the withdrawal charge, will equal the amount requested.
Therefore, in order to produce the amount needed to complete the withdrawal
request ($1,500), we must "gross-up" that amount, before applying the
withdrawal charge rate. This is done by dividing by 1 minus the withdrawal
charge rate.

$1,500.00 / (1-.03) = $1,500.00 / 0.97 = $1,546.39 grossed-up amount

Please note that a 3% withdrawal charge on this grossed-up amount reduces it
to $1,500, the balance needed to complete the request.

$1,546.39 grossed-up amount
X .03 withdrawal charge rate
-----------------------------------------------------------------------------
$46.39 withdrawal charge

4) The Market Value Factor is determined as described in steps 1 through 5,
above. In this case, it is equal to 0.08 (8% is the guaranteed rate in the
existing cell) minus 0.11 (11% is the interpolated value for the interest
rates that would be offered for interest cells with durations of whole years
remaining and whole year plus 1 remaining in the existing interest rate
period), which is -0.03, multiplied by 4.58333 (55 months remaining until
September 30, 2009, divided by 12) or -0.13750. Thus, there will be a negative
Market Value Adjustment of approximately 14% of the amount in the interest
cell that is subject to the adjustment.

-0.13750 X $5,985.23 =
-822.97 negative MVA
$5,985.23 unadjusted value
-----------------------------------------------------------------------------
$5,162.26 adjusted value
$12,000.00 equity value
------------------------------------- -------------------------------------
$17,162.26 adjusted contract fund

5) The total amount to be withdrawn, $8,546.39, (sum of the surrender charge,
$46.39, and the requested withdrawal amount of $8,500) is apportioned over all
accounts making up the Contract Fund following the Market Value Adjustments,
if any, associated with the MVA option.

Equity
($12,000/$17,162.26) X $8,546.39 = $5,975.71
-----------------------------------------------------------------------------
7-Yr MVA ($5,162.26/$17,162.26) X $2,570.68
$8,546.39 =
-------------------------------------
$8,546.39

6) The adjusted value of the interest cell, $5,162.26, reduced by the
withdrawal of $2,570.68 leaves $2,591.58. This amount must be "unadjusted" by
dividing it by 0.86250 (1 plus the Market Value Adjustment of -0.13750) to
determine the amount remaining in the interest cell to which the guaranteed
interest-rate of 8% will continue to be credited until September 30, 2009 or a
subsequent withdrawal. That amount is $3,004.73.

APPENDIX A - ACCUMULATION UNIT VALUES

Following are the historical unit values for each of the portfolios offered as
investment options.

(Basic Death Benefit 1.52)

- -------------------------------------------------------------------------------------------------------
Number of
Accumulation Accumulation Accumulation
Unit Value at Unit Value at Units Outstanding at
Beginning of Period End of Period End of Period

- -------------------------------------------------------------------------------------------------------
Jennison Portfolio
5/7/2001* to 12/31/2001 $0.99429 $0.86910 8,717,408
1/1/2002 to 12/31/2002 $0.86910 $0.59107 15,222,304
1/1/2003 to 12/31/2003 $0.59107 $0.75840 19,466,414
1/1/2004 to 12/31/2004 $0.75840 $0.81908 20,584,216
1/1/2005 to 12/31/2005 $0.81908 $0.92424 21,072,974
1/1/2006 to 12/31/2006 $0.92424 $0.92675 18,189,494
- -------------------------------------------------------------------------------------------------------
Prudential Equity Portfolio
2/4/2002* to 12/31/2002 $0.97749 $0.78083 1,279,634
1/1/2003 to 12/31/2003 $0.78083 $1.01258 3,815,405
1/1/2004 to 12/31/2004 $1.01258 $1.09644 5,488,650
1/1/2005 to 12/31/2005 $1.09644 $1.20402 6,552,561
1/1/2006 to 12/31/2006 $1.20402 $1.33503 5,712,837
- -------------------------------------------------------------------------------------------------------
Prudential Global Portfolio
5/7/2001* to 12/31/2001 $0.99996 $0.83930 1,866,907
1/1/2002 to 12/31/2002 $0.83930 $0.61886 3,064,422
1/1/2003 to 12/31/2003 $0.61886 $0.81734 3,882,729
1/1/2004 to 12/31/2004 $0.81734 $0.88230 4,556,529
1/1/2005 to 12/31/2005 $0.88230 $1.00873 4,838,472
1/1/2006 to 12/31/2006 $1.00873 $1.18888 4,587,244
- -------------------------------------------------------------------------------------------------------
Prudential Money Market Portfolio
5/7/2001* to 12/31/2001 $1.00008 $1.01177 13,343,454
1/1/2002 to 12/31/2002 $1.01177 $1.01170 14,548,905
1/1/2003 to 12/31/2003 $1.01170 $1.00488 10,695,799
1/1/2004 to 12/31/2004 $1.00488 $1.00006 9,415,140
1/1/2005 to 12/31/2005 $1.00006 $1.01374 7,771,528
1/1/2006 to 12/31/2006 $1.01374 $1.04628 12,817,979
- -------------------------------------------------------------------------------------------------------
Prudential Stock Index Portfolio
5/7/2001* to 12/31/2001 $0.99726 $0.90422 7,466,612
1/1/2002 to 12/31/2002 $0.90422 $0.69297 12,343,903
1/1/2003 to 12/31/2003 $0.69297 $0.87500 16,466,892
1/1/2004 to 12/31/2004 $0.87500 $0.95207 19,795,224
1/1/2005 to 12/31/2005 $0.95207 $0.98036 20,341,491
1/1/2006 to 12/31/2006 $0.98036 $1.11593 17,568,749
- -------------------------------------------------------------------------------------------------------
Prudential Value Portfolio
2/4/2002* to 12/31/2002 $0.97745 $0.79269 1,769,021
1/1/2003 to 12/31/2003 $0.79269 $0.99996 3,511,118
1/1/2004 to 12/31/2004 $0.99996 $1.14569 6,621,617
1/1/2005 to 12/31/2005 $1.14569 $1.31672 10,499,032
1/1/2006 to 12/31/2006 $1.31672 $1.55569 13,018,451
- -------------------------------------------------------------------------------------------------------
SP Aggressive Growth Asset Allocation Portfolio
5/7/2001* to 12/31/2001 $0.99880 $0.87039 888,327
1/1/2002 to 12/31/2002 $0.87039 $0.66733 2,227,131
1/1/2003 to 12/31/2003 $0.66733 $0.87279 3,228,248
1/1/2004 to 12/31/2004 $0.87279 $0.98656 4,621,239
1/1/2005 to 12/31/2005 $0.98656 $1.07382 4,658,869
1/1/2006 to 12/31/2006 $1.07382 $1.20877 4,376,008

A-1

- ---------------------------------------------------------------------------------------------------
Number of
Accumulation Accumulation Accumulation
Unit Value at Unit Value at Units Outstanding at
Beginning of Period End of Period End of Period

- ---------------------------------------------------------------------------------------------------
SP AIM Aggressive Growth Portfolio
5/7/2001* to 12/31/2001 $0.99724 $0.87438 808,820
1/1/2002 to 12/31/2002 $0.87438 $0.68075 1,752,360
1/1/2003 to 12/31/2003 $0.68075 $0.84830 2,116,873
1/1/2004 to 12/31/2004 $0.84830 $0.93474 2,482,956
1/1/2005 to 4/29/2005 $0.93474 $0.86275 0
- ---------------------------------------------------------------------------------------------------
SP AIM Core Equity Portfolio
5/7/2001* to 12/31/2001 $0.99083 $0.84034 1,681,815
1/1/2002 to 12/31/2002 $0.84034 $0.70189 2,615,923
1/1/2003 to 12/31/2003 $0.70189 $0.85528 3,198,979
1/1/2004 to 12/31/2004 $0.85528 $0.91648 3,236,188
1/1/2005 to 12/31/2005 $0.91648 $0.94460 3,109,519
1/1/2006 to 12/31/2006 $0.94460 $1.07992 3,199,645
- ---------------------------------------------------------------------------------------------------
SP T. Rowe Price Large-Cap Growth Portfolio
5/7/2001* to 12/31/2001 $0.99509 $0.88165 3,051,950
1/1/2002 to 12/31/2002 $0.88165 $0.59753 5,098,338
1/1/2003 to 12/31/2003 $0.59753 $0.72895 7,464,178
1/1/2004 to 12/31/2004 $0.72895 $0.76178 6,869,907
1/1/2005 to 12/31/2005 $0.76178 $0.87412 5,478,831
1/1/2006 to 12/31/2006 $0.87412 $0.91205 5,190,026
- ---------------------------------------------------------------------------------------------------
SP Balanced Asset Allocation Portfolio
5/7/2001* to 12/31/2001 $0.99891 $0.94878 13,046,073
1/1/2002 to 12/31/2002 $0.94878 $0.82546 23,741,587
1/1/2003 to 12/31/2003 $0.82546 $0.99909 33,264,018
1/1/2004 to 12/31/2004 $0.99909 $1.09336 46,870,885
1/1/2005 to 12/31/2005 $1.09336 $1.15893 51,508,268
1/1/2006 to 12/31/2006 $1.15893 $1.26364 46,013,964
- ---------------------------------------------------------------------------------------------------
SP Conservative Asset Allocation Portfolio
5/7/2001* to 12/31/2001 $0.99796 $0.98385 8,874,996
1/1/2002 to 12/31/2002 $0.98385 $0.91217 16,967,796
1/1/2003 to 12/31/2003 $0.91217 $1.04674 22,918,994
1/1/2004 to 12/31/2004 $1.04674 $1.12280 34,331,674
1/1/2005 to 12/31/2005 $1.12280 $1.17125 39,518,994
1/1/2006 to 12/31/2006 $1.17125 $1.25366 35,018,301
- ---------------------------------------------------------------------------------------------------
SP Davis Value Portfolio
5/7/2001* to 12/31/2001 $0.99791 $0.91944 10,293,226
1/1/2002 to 12/31/2002 $0.91944 $0.76351 16,643,331
1/1/2003 to 12/31/2003 $0.76351 $0.97319 18,895,568
1/1/2004 to 12/31/2004 $0.97319 $1.07865 21,236,242
1/1/2005 to 12/31/2005 $1.07865 $1.16363 20,051,752
1/1/2006 to 12/31/2006 $1.16363 $1.31853 18,586,312
- ---------------------------------------------------------------------------------------------------
SP Small-Cap Value Portfolio
5/7/2001* to 12/31/2001 $1.00084 $1.00204 5,541,640
1/1/2002 to 12/31/2002 $1.00204 $0.84509 10,143,232
1/1/2003 to 12/31/2003 $0.84509 $1.10812 12,520,409
1/1/2004 to 12/31/2004 $1.10812 $1.31729 16,006,113
1/1/2005 to 12/31/2005 $1.31729 $1.35751 15,450,083
1/1/2006 to 12/31/2006 $1.35751 $1.53244 13,025,104

A-2

- ---------------------------------------------------------------------------------------------------------
Number of
Accumulation Accumulation Accumulation
Unit Value at Unit Value at Units Outstanding at
Beginning of Period End of Period End of Period

- ---------------------------------------------------------------------------------------------------------
SP Growth Asset Allocation Portfolio
5/7/2001* to 12/31/2001 $0.99886 $0.90902 5,263,885
1/1/2002 to 12/31/2002 $0.90902 $0.74090 11,721,213
1/1/2003 to 12/31/2003 $0.74090 $0.93617 15,487,221
1/1/2004 to 12/31/2004 $0.93617 $1.04247 22,054,764
1/1/2005 to 12/31/2005 $1.04247 $1.12183 26,757,044
1/1/2006 to 12/31/2006 $1.12183 $1.24749 24,255,592
- ---------------------------------------------------------------------------------------------------------
SP Large Cap Value Portfolio
5/7/2001* to 12/31/2001 $0.99702 $0.92319 5,170,387
1/1/2002 to 12/31/2002 $0.92319 $0.76054 8,625,236
1/1/2003 to 12/31/2003 $0.76054 $0.94961 11,330,373
1/1/2004 to 12/31/2004 $0.94961 $1.10143 12,611,310
1/1/2005 to 12/31/2005 $1.10143 $1.15700 12,907,677
1/1/2006 to 12/31/2006 $1.15700 $1.35030 9,853,012
- ---------------------------------------------------------------------------------------------------------
SP International Value Portfolio
(formerly, SP LSV International Value Portfolio)
5/7/2001* to 12/31/2001 $1.00228 $0.84670 2,495,330
1/1/2002 to 12/31/2002 $0.84670 $0.69085 4,657,121
1/1/2003 to 12/31/2003 $0.69085 $0.86667 5,639,592
1/1/2004 to 12/31/2004 $0.86667 $0.98855 6,182,424
1/1/2005 to 12/31/2005 $0.98855 $1.10787 7,635,725
1/1/2006 to 12/31/2006 $1.10787 $1.40888 10,805,844
- ---------------------------------------------------------------------------------------------------------
SP MFS Capital Opportunities Portfolio
5/7/2001* to 12/31/2001 $0.99530 $0.80999 978,680
1/1/2002 to 12/31/2002 $0.80999 $0.56912 1,527,407
1/1/2003 to 12/31/2003 $0.56912 $0.71086 1,987,953
1/1/2004 to 12/31/2004 $0.71086 $0.78700 2,408,259
1/1/2005 to 4/29/2005 $0.78700 $0.73515 0
- ---------------------------------------------------------------------------------------------------------
SP Mid Cap Growth Portfolio
5/7/2001* to 12/31/2001 $0.99348 $0.81479 2,095,863
1/1/2002 to 12/31/2002 $0.81479 $0.43076 4,325,750
1/1/2003 to 12/31/2003 $0.43076 $0.59441 7,874,075
1/1/2004 to 12/31/2004 $0.59441 $0.69992 12,973,110
1/1/2005 to 12/31/2005 $0.69992 $0.72567 17,352,606
1/1/2006 to 12/31/2006 $0.72567 $0.70088 12,339,145
- ---------------------------------------------------------------------------------------------------------
SP PIMCO High Yield Portfolio
5/7/2001* to 12/31/2001 $0.99996 $1.01328 6,416,368
1/1/2002 to 12/31/2002 $1.01328 $0.99971 9,793,607
1/1/2003 to 12/31/2003 $0.99971 $1.20555 13,574,006
1/1/2004 to 12/31/2004 $1.20555 $1.29831 15,827,945
1/1/2005 to 12/31/2005 $1.29831 $1.33076 16,029,896
1/1/2006 to 12/31/2006 $1.33076 $1.43529 14,316,680
- ---------------------------------------------------------------------------------------------------------
SP PIMCO Total Return Portfolio
5/7/2001* to 12/31/2001 $0.99996 $1.04036 18,964,185
1/1/2002 to 12/31/2002 $1.04036 $1.12110 36,854,342
1/1/2003 to 12/31/2003 $1.12110 $1.16879 39,511,574
1/1/2004 to 12/31/2004 $1.16879 $1.21208 40,011,136
1/1/2005 to 12/31/2005 $1.21208 $1.22256 38,341,562
1/1/2006 to 12/31/2006 $1.22256 $1.24864 34,714,685

A-3

- ---------------------------------------------------------------------------------------------------------
SP Prudential U.S. Emerging Growth Portfolio
5/7/2001* to 12/31/2001 $0.99484 $0.87347 3,829,252
1/1/2002 to 12/31/2002 $0.87347 $0.58438 7,011,525
1/1/2003 to 12/31/2003 $0.58438 $0.81789 9,799,080
1/1/2004 to 12/31/2004 $0.81789 $0.97791 12,285,783
1/1/2005 to 12/31/2005 $0.97791 $1.13458 15,289,475
1/1/2006 to 12/31/2006 $1.13458 $1.22470 14,125,624
- ---------------------------------------------------------------------------------------------------------
SP Small-Cap Growth Portfolio
5/7/2001* to 12/31/2001 $0.99726 $0.92608 1,290,543
1/1/2002 to 12/31/2002 $0.92608 $0.63614 2,322,396
1/1/2003 to 12/31/2003 $0.63614 $0.84421 3,365,000
1/1/2004 to 12/31/2004 $0.84421 $0.82386 4,654,846
1/1/2005 to 12/31/2005 $0.82386 $0.83175 4,195,198
1/1/2006 to 12/31/2006 $0.83175 $0.92074 4,026,505
- ---------------------------------------------------------------------------------------------------------
SP Strategic Partners Focused Growth Portfolio
5/7/2001* to 12/31/2001 $0.99482 $0.85645 861,855
1/1/2002 to 12/31/2002 $0.85645 $0.63048 2,001,670
1/1/2003 to 12/31/2003 $0.63048 $0.78159 2,523,552
1/1/2004 to 12/31/2004 $0.78159 $0.85155 2,818,809
1/1/2005 to 12/31/2005 $0.85155 $0.96594 2,861,419
1/1/2006 to 12/31/2006 $0.96594 $0.94518 2,934,936
- ---------------------------------------------------------------------------------------------------------
SP Technology Portfolio
5/7/2001* to 12/31/2001 $0.98559 $0.81232 656,964
1/1/2002 to 12/31/2002 $0.81232 $0.46943 1,104,394
1/1/2003 to 12/31/2003 $0.46943 $0.65839 1,513,519
1/1/2004 to 12/31/2004 $0.65839 $0.64848 1,758,929
1/1/2005 to 4/29/2005 $0.64848 $0.57902 0
- ---------------------------------------------------------------------------------------------------------
SP International Growth Portfolio
(formerly, SP William Blair International Growth
Portfolio)
5/7/2001* to 12/31/2001 $1.00272 $0.74738 2,151,275
1/1/2002 to 12/31/2002 $0.74738 $0.57004 3,358,884
1/1/2003 to 12/31/2003 $0.57004 $0.78386 3,987,540
1/1/2004 to 12/31/2004 $0.78386 $0.89987 6,281,864
1/1/2005 to 12/31/2005 $0.89987 $1.03159 6,679,383
1/1/2006 to 12/31/2006 $1.03159 $1.23000 6,300,794
- ---------------------------------------------------------------------------------------------------------
AST Advanced Strategies Portfolio
3/20/2006* to 12/31/2006 $9.99876 $10.67264 21,578
- ---------------------------------------------------------------------------------------------------------
AST Aggressive Asset Allocation Portfolio
12/5/2005* to 12/31/2005 $9.99876 $9.99839 1,108
1/1/2006 to 12/31/2006 $9.99839 $11.39397 64,462
- ---------------------------------------------------------------------------------------------------------
AST Alger All-Cap Growth Portfolio
3/14/2005* to 12/02/2005 $10.09328 $11.72320 0
- ---------------------------------------------------------------------------------------------------------
AST AllianceBernstein Core Value Portfolio
3/14/2005* to 12/31/2005 $10.07960 $10.32239 6,489
1/1/2006 to 12/31/2006 $10.32239 $12.33889 103,356
- ---------------------------------------------------------------------------------------------------------
AST AllianceBernstein Growth & Income Portfolio
3/14/2005* to 12/31/2005 $10.05471 $10.27703 29,815
1/1/2006 to 12/31/2006 $10.27703 $11.87195 79,513
- ---------------------------------------------------------------------------------------------------------
AST AllianceBernstein Growth + Value Portfolio
3/14/2005* to 12/02/2005 $10.04999 $11.33524 0
- ---------------------------------------------------------------------------------------------------------
AST AllianceBernstein Managed Index 500 Portfolio
3/14/2005* to 12/31/2005 $10.04978 $10.41185 13,865
1/1/2006 to 12/31/2006 $10.41185 $11.54864 18,655

A-4

- -------------------------------------------------------------------------------------------------------------
Number of
Accumulation Accumulation Accumulation
Unit Value at Unit Value at Units Outstanding at
Beginning of Period End of Period End of Period

- -------------------------------------------------------------------------------------------------------------
AST American Century Income & Growth Portfolio
3/14/2005* to 12/31/2005 $10.06648 $10.34429 26,057
1/1/2006 to 12/31/2006 $10.34429 $11.90759 37,010
- -------------------------------------------------------------------------------------------------------------
AST American Century Strategic Allocation Portfolio
(formerly, AST American Century Strategic Balanced
Portfolio)
3/14/2005* to 12/31/2005 $10.04193 $10.32717 3,022
1/1/2006 to 12/31/2006 $10.32717 $11.15653 6,527
- -------------------------------------------------------------------------------------------------------------
AST Balanced Asset Allocation Portfolio
12/5/2005* to 12/31/2005 $9.99876 $10.01837 25,849
1/1/2006 to 12/31/2006 $10.01837 $11.02977 674,085
- -------------------------------------------------------------------------------------------------------------
AST Capital Growth Asset Allocation Portfolio
12/5/2005* to 12/31/2005 $9.99876 $10.00838 15,685
1/1/2006 to 12/31/2006 $10.00838 $11.20697 226,541
- -------------------------------------------------------------------------------------------------------------
AST Cohen & Steers Realty Portfolio
3/14/2005* to 12/31/2005 $10.14700 $12.03005 190,482
1/1/2006 to 12/31/2006 $12.03005 $16.20379 394,798
- -------------------------------------------------------------------------------------------------------------
AST Conservative Asset Allocation Portfolio
12/5/2005* to 12/31/2005 $9.99876 $10.02837 1,369
1/1/2006 to 12/31/2006 $10.02837 $10.92155 395,964
- -------------------------------------------------------------------------------------------------------------
AST DeAM Large-Cap Value Portfolio
3/14/2005* to 12/31/2005 $10.08482 $10.72639 172,510
1/1/2006 to 12/31/2006 $10.72639 $12.86194 763,651
- -------------------------------------------------------------------------------------------------------------
AST Neuberger Berman Small-Cap Growth Portfolio
(formerly, AST DeAM Small-Cap Growth Portfolio)
3/14/2005* to 12/31/2005 $10.01123 $10.32274 6,555
1/1/2006 to 12/31/2006 $10.32274 $10.95733 41,873
- -------------------------------------------------------------------------------------------------------------
AST DeAM Small-Cap Value Portfolio
3/14/2005* to 12/31/2005 $10.04560 $10.02801 12,430
1/1/2006 to 12/31/2006 $10.02801 $11.84933 57,561
- -------------------------------------------------------------------------------------------------------------
AST Federated Aggressive Growth Portfolio
3/14/2005* to 12/31/2005 $9.99876 $10.97021 22,957
1/1/2006 to 12/31/2006 $10.97021 $12.20163 97,843
- -------------------------------------------------------------------------------------------------------------
AST First Trust Capital Appreciation Target Portfolio
3/20/2006* to 12/31/2006 $9.99876 $10.49471 50,456
- -------------------------------------------------------------------------------------------------------------
AST First Trust Balanced Target Portfolio
3/20/2006* to 12/31/2006 $9.99876 $10.59360 4,430
- -------------------------------------------------------------------------------------------------------------
AST UBS Dynamic Alpha Portfolio
(formerly, AST Global Allocation Portfolio)
3/14/2005* to 12/31/2005 $10.01532 $10.63449 1,453
1/1/2006 to 12/31/2006 $10.63449 $11.64264 3,528
- -------------------------------------------------------------------------------------------------------------
AST Goldman Sachs Concentrated Growth Portfolio
3/14/2005* to 12/31/2005 $10.03292 $10.77054 8,237
1/1/2006 to 12/31/2006 $10.77054 $11.66959 42,579
- -------------------------------------------------------------------------------------------------------------
AST High Yield Portfolio
3/14/2005* to 12/31/2005 $9.97671 $9.86884 25,343
1/1/2006 to 12/31/2006 $9.86884 $10.72766 73,093
- -------------------------------------------------------------------------------------------------------------
AST Goldman Sachs Mid-Cap Growth Portfolio
3/14/2005* to 12/31/2005 $9.99876 $10.58989 16,897
1/1/2006 to 12/31/2006 $10.58989 $11.08650 36,255
- -------------------------------------------------------------------------------------------------------------
AST JPMorgan International Equity Portfolio
3/14/2005* to 12/31/2005 $9.91379 $10.66436 25,848
1/1/2006 to 12/31/2006 $10.66436 $12.89969 57,555
- -------------------------------------------------------------------------------------------------------------
AST Large-Cap Value Portfolio
3/14/2005* to 12/31/2005 $10.07717 $10.56795 225,801
1/1/2006 to 12/31/2006 $10.56795 $12.33176 167,471

A-5

- -----------------------------------------------------------------------------------------------------
Number of
Accumulation Accumulation Accumulation
Unit Value at Unit Value at Units Outstanding at
Beginning of Period End of Period End of Period

- -----------------------------------------------------------------------------------------------------
AST Lord Abbett Bond Debenture Portfolio
3/14/2005* to 12/31/2005 $9.99876 $9.96022 25,080
1/1/2006 to 12/31/2006 $9.96022 $10.77302 61,464
- -----------------------------------------------------------------------------------------------------
AST Marsico Capital Growth Portfolio
3/14/2005* to 12/31/2005 $10.12615 $10.91463 47,631
1/1/2006 to 12/31/2006 $10.91463 $11.52967 79,915
- -----------------------------------------------------------------------------------------------------
AST MFS Global Equity Portfolio
3/14/2005* to 12/31/2005 $9.96616 $10.48868 8,170
1/1/2006 to 12/31/2006 $10.48868 $12.84291 21,475
- -----------------------------------------------------------------------------------------------------
AST MFS Growth Portfolio
3/14/2005* to 12/31/2005 $10.03683 $10.77072 4,710
1/1/2006 to 12/31/2006 $10.77072 $11.63510 9,750
- -----------------------------------------------------------------------------------------------------
AST Mid-Cap Value Portfolio
3/14/2005* to 12/31/2005 $10.06493 $10.36375 8,885
1/1/2006 to 12/31/2006 $10.36375 $11.66305 34,405
- -----------------------------------------------------------------------------------------------------
AST Neuberger Berman Mid-Cap Growth Portfolio
3/14/2005* to 12/31/2005 $10.05566 $11.34792 110,812
1/1/2006 to 12/31/2006 $11.34792 $12.74973 152,391
- -----------------------------------------------------------------------------------------------------
AST Neuberger Berman Mid-Cap Value Portfolio
3/14/2005* to 12/31/2005 $10.02187 $10.89648 361,840
1/1/2006 to 12/31/2006 $10.89648 $11.88780 273,936
- -----------------------------------------------------------------------------------------------------
AST PIMCO Limited Maturity Bond Portfolio
3/14/2005* to 12/31/2005 $9.99876 $10.06754 47,774
1/1/2006 to 12/31/2006 $10.06754 $10.29612 69,722
- -----------------------------------------------------------------------------------------------------
AST Preservation Asset Allocation Portfolio
12/5/2005* to 12/31/2005 $9.99876 $10.03837 10,129
1/1/2006 to 12/31/2006 $10.03837 $10.67559 99,616
- -----------------------------------------------------------------------------------------------------
AST Small-Cap Value Portfolio
3/14/2005* to 12/31/2005 $10.04857 $10.65807 27,202
1/1/2006 to 12/31/2006 $10.65807 $12.60337 111,894
- -----------------------------------------------------------------------------------------------------
AST T. Rowe Price Asset Allocation Portfolio
3/14/2005* to 12/31/2005 $10.02858 $10.36634 4,574
1/1/2006 to 12/31/2006 $10.36634 $11.48721 29,154
- -----------------------------------------------------------------------------------------------------
AST T. Rowe Price Global Bond Portfolio
3/14/2005* to 12/31/2005 $9.94930 $9.45939 38,376
1/1/2006 to 12/31/2006 $9.45939 $9.90259 66,408
- -----------------------------------------------------------------------------------------------------
AST T. Rowe Price Natural Resources Portfolio
3/14/2005* to 12/31/2005 $10.00276 $11.75113 572,593
1/1/2006 to 12/31/2006 $11.75113 $13.41190 1,187,842
- -----------------------------------------------------------------------------------------------------
Gartmore GVIT Developing Markets Fund
3/14/2005* to 12/31/2005 $9.88093 $12.07433 187,573
1/1/2006 to 12/31/2006 $12.07433 $16.00639 291,800
- -----------------------------------------------------------------------------------------------------
Janus Aspen Large Cap Growth Portfolio -
Service Shares
5/7/2001* to 12/31/2001 $0.99357 $0.78312 2,205,333
1/1/2002 to 12/31/2002 $0.78312 $0.56521 3,372,526
1/1/2003 to 12/31/2003 $0.56521 $0.73210 4,141,987
1/1/2004 to 12/31/2004 $0.73210 $0.75143 3,466,556
1/1/2005 to 12/31/2005 $0.75143 $0.76990 3,024,247
1/1/2006 to 12/31/2006 $0.76990 $0.84286 2,603,395

* As applicable, date that portfolio was first offered in the product and/or
this charge combination first appeared.

A-6

APPENDIX B - SELECTING THE VARIABLE ANNUITY THAT'S RIGHT FOR YOU

Within the Strategic Partners/SM/ family of annuities, we offer several
different deferred variable annuity products. These annuities are issued by
Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of
New Jersey). Not all of these annuities may be available to you due to state
approval or broker-dealer offerings. You can verify which of these annuities
is available to you by asking your registered representative, or by calling us
at (888) PRU-2888. For comprehensive information about each of these
annuities, please consult the prospectus for the annuity.

Each annuity has different features and benefits that may be appropriate for
you, based on your individual financial situation and how you intend to use
the annuity.

The different features and benefits may include variations on your ability to
access funds in your annuity without the imposition of a withdrawal charge as
well as different ongoing fees and charges you pay while your contract remains
in force. Additionally, differences may exist in various optional benefits
such as guaranteed living benefits or death benefit protection.

Among the factors you should consider when choosing which annuity product may
be most appropriate for your individual needs are the following:

.. Your age;
.. The amount of your investment and any planned future deposits into the
annuity;
.. How long you intend to hold the annuity (also referred to as investment
time horizon);
.. Your desire to make withdrawals from the annuity;
.. Your investment return objectives;
.. The effect of optional benefits that may be elected; and
.. Your desire to minimize costs and/or maximize return associated with the
annuity.

The following chart sets forth the prominent features of each Strategic
Partners variable annuity. The availability of optional features, such as
those noted in the chart, may increase the cost of the contract. Therefore,
you should carefully consider which features you plan to use when selecting
your annuity.

In addition to the chart, we set out below certain hypothetical illustrations
that reflect the Contract Value and surrender value of each variable annuity
over a variety of holding periods. These charts are meant to reflect how your
annuities can grow or decrease depending on market conditions and the
comparable value of each of the annuities (which reflects the charges
associated with the annuities) under the assumptions noted. In comparing the
values within the illustrations, a number of distinctions are evident. To
fully appreciate these distinctions, we encourage you to speak to your
registered representative and to read the prospectuses. However, we do point
out the following noteworthy items:

.. Strategic Partners Advisor, because it has no sales charge, offers the
highest surrender value during the first few years. However, unlike
Strategic Partners FlexElite 2 (i.e., the version of the contract sold on
or after May 1, 2003) and the Strategic Partners Annuity One 3/Plus 3
contracts, Strategic Partners Advisor offers few optional benefits.
.. Strategic Partners FlexElite 2 offers both an array of optional benefits as
well as the "liquidity" to surrender the annuity without any withdrawal
charge after three contract years have passed. FlexElite 2 also is unique
in offering an optional persistency bonus (which, if taken, extends the
withdrawal charge period).
.. Strategic Partners Select, as part of its standard insurance and
administrative expense, offers a guaranteed minimum death benefit equal to
the greater of Contract Value, a step-up value, or a roll-up value. In
contrast, you incur an additional charge if you opt for an enhanced death
benefit under the other annuities.
.. Strategic Partners Annuity One 3/Plus 3 comes in both a bonus version and a
non-bonus version, each of which offers several optional insurance
features. A bonus is added to your purchase payments under the bonus
version, although the withdrawal charges under the bonus version are higher
than those under the non-bonus version. Although the non-bonus version
offers no bonus, it is accompanied by fixed interest rate options and a
market value adjustment option that may provide higher interest rates than
such options accompanying the bonus version.

B-1

STRATEGIC PARTNERS ANNUITY PRODUCT COMPARISON Below is a summary of Strategic
Partners variable annuity products. You should consider the investment
objectives, risks, charges and expenses of an investment in any contract
carefully before investing. Each product prospectus as well as the underlying
portfolio prospectuses contains this and other information about the variable
annuities and underlying investment options. Your registered representative
can provide you with prospectuses for one or more of these variable annuities
and the underlying portfolios and can help you decide upon the product that
would be most advantageous for you given your individual needs. Please read
the prospectuses carefully before investing.

- ---------------------------------------------------------------------------------------------------------
Strategic Strategic Strategic
Partners Partners Partners
Advisor Flexelite 2/ 1/ Select

- ---------------------------------------------------------------------------------------------------------
Minimum Investment $10,000 $10,000 $10,000
- ---------------------------------------------------------------------------------------------------------
Maximum Issue Age 85 Qualified Non- 85 Qualified & 80 Qualified &
Qualified Non-Qualified 85 Non-Qualified
- ---------------------------------------------------------------------------------------------------------
Withdrawal Charge Schedule None 3 Years (7%, 7%, 7 Years (7%, 6%, 5%,
7%) Contract date 4%, 3%, 2%, 1%)
based Contract date based
- ---------------------------------------------------------------------------------------------------------
Annual Charge-Free Full liquidity 10% of gross purchase 10% of gross purchase
Withdrawal/ 2/ payments made as of payments per contract
last contract year, cumulative up to
anniversary per 7 years or 70% of gross
contract year purchase payments
- ---------------------------------------------------------------------------------------------------------
Insurance and Administration 1.40% 1.65% 1.52%
Charge
- ---------------------------------------------------------------------------------------------------------
Contract Maintenance Fee The lesser of $30 or 2% The lesser of $50 or 2% $30. Waived if
(assessed annually) of your Contract Value. of your Contract Value. Contract Value is
Waived if contract Waived if contract $50,000 or more
value is $50,000 or value is $100,000 or
more more
- ---------------------------------------------------------------------------------------------------------
Contract Credit No Yes 1% credit option at No
end of 3/rd/ and 6/th/
contract years. Election
results in a new 3 year
withdrawal charge

- ----------------------------------------------------------------------------------------------------------------
Strategic Partners Annuity One Strategic Partners Annuity One
3/Plus 3 Non Bonus 3/Plus 3 Bonus

- ----------------------------------------------------------------------------------------------------------------
Minimum Investment $10,000 $10,000
- ----------------------------------------------------------------------------------------------------------------
Maximum Issue Age 85 Qualified & Non-Qualified 85 Qualified & Non-Qualified
- ----------------------------------------------------------------------------------------------------------------
Withdrawal Charge Schedule 7 Years (7%, 6%, 5%, 4%, 3%, 2%, 7 Years (8%, 8%, 8%, 8%, 7%, 6%,
1%) Payment date based 5%) Payment date based
- ----------------------------------------------------------------------------------------------------------------
Annual Charge-Free Withdrawal/ 2/ 10% of gross purchase payments 10% of gross purchase payments
made as of last contract anniversary made as of last contract anniversary
per contract year per contract year
- ----------------------------------------------------------------------------------------------------------------
Insurance and Administration Charge 1.40% 1.50%
- ----------------------------------------------------------------------------------------------------------------
Contract Maintenance Fee (assessed The lesser of $35 or 2% of your The lesser of $35 or 2% of your
annually) contract value. Waived if Contract contract value. Waived if Contract
Value is $75,000 or more Value is $75,000 or more
- ----------------------------------------------------------------------------------------------------------------
Contract Credit No Yes
3% - all amounts ages
81 - 85
4% - under $250,000
5% - $250,000 - $999,999
6% - $1,000,000+

1 This column depicts features of the version of Strategic Partners FlexElite
sold on or after May 1, 2003 or upon subsequent state approval. In one
state, Pruco Life continues to sell a prior version of the contract. Under
that version, the charge for the base death benefit is 1.60%, rather than
1.65%. The prior version also differs in certain other respects (e.g.,
availability of optional benefits). The values illustrated below are based
on the 1.65% charge, and therefore are slightly lower than if the 1.60%
charge were used.
2 Withdrawals of taxable amounts will be subject to income tax, and prior to
age 59 1/2, may be subject to a 10% federal income tax penalty.

B-2

- -----------------------------------------------------------------------------------------------------
Strategic
Partners
Strategic Strategic Annuity One 3/
Partners Partners Strategic Plus 3 Non
Advisor Flexelite 2/ 1/ Partners Select Bonus

- -----------------------------------------------------------------------------------------------------
Fixed Rate Account No Yes 1-Year Yes 1-Year Yes 1-Year
- -----------------------------------------------------------------------------------------------------
Market Value No Yes 1-10 Years Yes 7-Year Yes 1-10 Years
Adjustment Account
(MVA)
- -----------------------------------------------------------------------------------------------------
Enhanced Dollar Cost No Yes No Yes
Averaging (DCA)
- -----------------------------------------------------------------------------------------------------
Variable Investment as indicated in as indicated in as indicated in as indicated in
Options Available prospectus prospectus prospectus prospectus
- -----------------------------------------------------------------------------------------------------
Evergreen Funds N/A N/A N/A 6-available in
Strategic Partners
Plus 3 only
- -----------------------------------------------------------------------------------------------------
Base Death Benefit: The greater of: The greater of: Combo: Step/Roll The greater of:
purchase purchase Withdrawals will purchase
payment (s) minus payment (s) minus proportionately payment (s) minus
proportionate proportionate affect the Death proportionate
withdrawal (s) or withdrawal (s) or Benefit withdrawal (s) or
Contract Value Contract Value Contract Value
- -----------------------------------------------------------------------------------------------------
Optional Death Benefit Combo: Step/Roll Step-Up Roll-Up N/A Step-Up Roll-Up
(for an additional Combo: Step/Roll Combo: Step/Roll
cost),/ 4,5/ Highest Daily Highest Daily
Value (HDV) Value (HDV)
Earnings Earnings
Appreciator Appreciator
Benefit (EAB) Benefit (EAB)
- -----------------------------------------------------------------------------------------------------
Living Benefits (for an Lifetime Five Lifetime Five N/A Lifetime Five
additional cost),/ 5,6/ Spousal Lifetime Spousal Lifetime
Five Guaranteed Five Guaranteed
Minimum Income Minimum Income
Benefit (GMIB) Benefit (GMIB)
Income Income
Appreciator Appreciator
Benefit (IAB) Benefit (IAB)

- -----------------------------------------------------------------------------------------------------------------
Strategic Partners Annuity One 3/Plus 3 Bonus

- -----------------------------------------------------------------------------------------------------------------
Fixed Rate Account Yes/ 3/
1-Year
- -----------------------------------------------------------------------------------------------------------------
Market Value Adjustment Account (MVA) Yes
1-10 Years
- -----------------------------------------------------------------------------------------------------------------
Enhanced Dollar Cost Averaging (DCA) Yes
- -----------------------------------------------------------------------------------------------------------------
Variable Investment Options Available 56/62
- -----------------------------------------------------------------------------------------------------------------
Evergreen Funds 6-available in Strategic Partners Plus 3 only
- -----------------------------------------------------------------------------------------------------------------
Base Death Benefit: The greater of: purchase payment (s) minus proportionate
withdrawal (s) or Contract Value
- -----------------------------------------------------------------------------------------------------------------
Optional Death Benefit (for an additional cost),/ 4,5/ Step-Up Roll-Up Combo: Step/Roll Highest Daily Value
(HDV) Earnings Appreciator Benefit (EAB)
- -----------------------------------------------------------------------------------------------------------------
Living Benefits (for an additional cost),/ 5,6/ Lifetime Five Spousal Lifetime Five Guaranteed Minimum
Income Benefit (GMIB) Income Appreciator Benefit (IAB)

3 We may offer lower interest rates for the fixed rate options than the
interest rates offered in the contracts without credit.
4 For more information on these benefits, refer to Section 4, "What Is The
Death Benefit?" in the Prospectus.
5 Not all optional benefits may be available in all states.
6 For more information on these benefits, refer to Section 3, "What Kind of
Payments Will I Receive During The Income Phase?; Section 5, "What Is the
Lifetime Five/SM/ Income Benefit?"; and Section 6, "What Is the Income
Appreciator Benefit?" in the Prospectus.

B-3

HYPOTHETICAL ILLUSTRATION

The following examples outline the value of each annuity as well as the amount
that would be available to an investor as a result of full surrender at the
end of each of the contract years specified. The values shown below are based
on the following assumptions:

.. An initial investment of $100,000 is made into each contract earning a
gross rate of return of 0% and 6% respectively.

.. No subsequent deposits or withdrawals are made from the contract.

.. The hypothetical gross rates of return (as of December 31, 2006) are
reduced by the arithmetic average of the fees and expenses of the
underlying portfolios (as of December 31, 2006) and the charges that are
deducted from the contract at the Separate Account level as follows:

.. 0.97% average of all fund expenses (as of December 31, 2006) are computed
by adding Portfolio management fees, 12b-1 fees and other expenses of all
of the underlying portfolios and then dividing by the number of portfolios.
For purposes of the illustrations, we do not reflect any expense
reimbursements or expense waivers that might apply and are described in the
prospectus fee table. Please note that because the SP Aggressive Growth
Asset Allocation Portfolio, the SP Balanced Asset Allocation Portfolio, the
SP Conservation Asset Allocation Portfolio, and the SP Growth Asset
Allocation Portfolio generally were closed to investors in 2005, the fees
for such portfolios are not reflected in the above-mentioned average.

.. The Separate Account level charges include the Insurance Charge and
Administration Charge (as applicable).

The Contract Value assumes no surrender, while the Surrender Value assumes a
100% surrender two days prior to the contract anniversary, therefore
reflecting the withdrawal charge applicable to that contract year. Note that a
withdrawal on the contract anniversary, or the day before the contract
anniversary, would be subject to the withdrawal charge applicable to the next
contract year, which usually is lower. The values that you actually experience
under an contract will be different from what is depicted here if any of the
assumptions we make here differ from your circumstances, however the relative
values for each product reflected below will remain the same. (We will provide
you with a personalized illustration upon request).

0% GROSS RETURN

STRATEGIC PARTNERS STRATEGIC PARTNERS
STRATEGIC PARTNERS STRATEGIC PARTNERS STRATEGIC PARTNERS ANNUITY ONE 3/ ANNUITY ONE 3/
ADVISOR SELECT FLEXELITE 2 PLUS 3 NON BONUS PLUS 3 BONUS
- ------------------ ------------------ ------------------ ------------------ ------------------
CONTRACT SURRENDER CONTRACT SURRENDER CONTRACT SURRENDER CONTRACT SURRENDER CONTRACT SURRENDER
VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUE VALUE
- -------- --------- -------- --------- -------- --------- -------- --------- -------- ---------

1 $97,678 $97,678 $97,563 $91,433 $97,439 $91,317 $97,678 $91,540 $101,485 $94,166
2 $95,404 $95,404 $95,179 $90,068 $94,887 $88,945 $95,404 $90,279 $ 99,025 $91,902
3 $93,183 $93,183 $92,853 $88,710 $92,401 $86,633 $93,183 $89,023 $ 96,624 $89,694
4 $91,013 $91,013 $90,584 $87,361 $89,979 $89,979 $91,013 $87,773 $ 94,282 $87,539
5 $88,894 $88,894 $88,371 $86,019 $87,620 $87,620 $88,894 $86,527 $ 91,996 $86,256
6 $86,825 $86,825 $86,211 $84,687 $85,321 $85,321 $86,825 $85,288 $ 89,766 $84,979
7 $84,803 $84,803 $84,104 $83,363 $83,080 $83,080 $84,803 $84,055 $ 87,589 $83,710
8 $82,829 $82,829 $82,049 $82,049 $80,898 $80,898 $82,829 $82,829 $ 85,466 $85,466
9 $80,901 $80,901 $80,044 $80,044 $78,771 $78,771 $80,901 $80,901 $ 83,394 $83,394
10 $79,017 $79,017 $78,088 $78,088 $76,700 $76,700 $79,017 $79,017 $ 81,372 $81,372
11 $77,178 $77,178 $76,180 $76,180 $74,681 $74,681 $77,178 $77,178 $ 79,399 $79,399
12 $75,381 $75,381 $74,319 $74,319 $72,714 $72,714 $75,381 $75,381 $ 77,474 $77,474
13 $73,626 $73,626 $72,468 $72,468 $70,798 $70,798 $73,626 $73,626 $ 75,596 $75,596
14 $71,912 $71,912 $70,663 $70,663 $68,931 $68,931 $71,877 $71,877 $ 73,763 $73,763
15 $70,237 $70,237 $68,902 $68,902 $67,111 $67,111 $70,170 $70,170 $ 71,941 $71,941
16 $68,602 $68,602 $67,185 $67,185 $65,339 $65,339 $68,502 $68,502 $ 70,162 $70,162
17 $67,005 $67,005 $65,509 $65,509 $63,612 $63,612 $66,873 $66,873 $ 68,427 $68,427
18 $65,445 $65,445 $63,874 $63,874 $61,930 $61,930 $65,282 $65,282 $ 66,734 $66,734
19 $63,921 $63,921 $62,279 $62,279 $60,290 $60,290 $63,728 $63,728 $ 65,082 $65,082
20 $62,433 $62,433 $60,723 $60,723 $58,693 $58,693 $62,210 $62,210 $ 63,470 $63,470
21 $60,980 $60,980 $59,205 $59,205 $57,137 $57,137 $60,727 $60,727 $ 61,897 $61,897
22 $59,560 $59,560 $57,724 $57,724 $55,621 $55,621 $59,279 $59,279 $ 60,362 $60,362
23 $58,173 $58,173 $56,279 $56,279 $54,143 $54,143 $57,865 $57,865 $ 58,865 $58,865
24 $56,819 $56,819 $54,870 $54,870 $52,704 $52,704 $56,484 $56,484 $ 57,404 $57,404
25 $55,496 $55,496 $53,495 $53,495 $51,302 $51,302 $55,134 $55,134 $ 55,978 $55,978
- --------------------------------------------------------------------------------------------------

Assumptions:

1. $100,000 initial investment.

2. Fund Expenses = 0.97%.

3. No optional death benefit(s) and/or optional living benefit(s) were elected.

4. Strategic Partners FlexElite 2 figures do not include the optional 1%
credit election. Had the credit been included, the Contract Values would be
higher, due to the additional credit. However, election of the credit
extends the surrender charge for an additional three years, thus lowering
surrender value in those years.

B-4

5. These reductions result in hypothetical net rates of return as follows:
Strategic Partners Advisor -2.33%; Strategic Partners Select -2.44%;
Strategic Partners FlexElite 2 -2.60%; Strategic Partners Annuity One
3/Plus 3 Non-Bonus -2.33%; Strategic Partners Annuity One 3/Plus 3 Bonus
-2.42%.

6. The illustration above illustrates 100% invested into the variable
sub-accounts. Investments into the fixed rate accounts, as noted above, may
receive a higher rate of interest in one product over another causing
Contract Values to differ in relation to one another.

6% GROSS RETURN

1 $103,522 $103,522 $103,400 $ 96,863 $103,268 $ 96,740 $103,522 $ 96,976 $107,557 $ 99,754
2 $107,179 $107,179 $106,926 $101,111 $106,653 $ 99,888 $107,179 $101,349 $111,247 $103,148
3 $110,965 $110,965 $110,572 $105,544 $110,149 $103,139 $110,965 $105,917 $115,063 $106,659
4 $114,884 $114,884 $114,342 $110,169 $113,759 $113,759 $114,884 $110,689 $119,009 $110,290
5 $118,942 $118,942 $118,241 $114,994 $117,487 $117,487 $118,942 $115,674 $123,092 $115,176
6 $123,143 $123,143 $122,273 $120,027 $121,338 $121,338 $123,143 $120,880 $127,314 $120,276
7 $127,493 $127,493 $126,442 $125,278 $125,315 $125,315 $127,493 $126,318 $131,681 $125,597
8 $131,996 $131,996 $130,753 $130,753 $129,422 $129,422 $131,996 $131,996 $136,198 $136,198
9 $136,658 $136,658 $135,212 $135,212 $133,664 $133,664 $136,658 $136,658 $140,870 $140,870
10 $141,485 $141,485 $139,822 $139,822 $138,044 $138,044 $141,485 $141,485 $145,702 $145,702
11 $146,483 $146,483 $144,590 $144,590 $142,569 $142,569 $146,483 $146,483 $150,699 $150,699
12 $151,657 $151,657 $149,520 $149,520 $147,241 $147,241 $151,657 $151,657 $155,868 $155,868
13 $157,013 $157,013 $154,618 $154,618 $152,067 $152,067 $157,013 $157,013 $161,215 $161,215
14 $162,559 $162,559 $159,890 $159,890 $157,051 $157,051 $162,559 $162,559 $166,745 $166,745
15 $168,301 $168,301 $165,342 $165,342 $162,199 $162,199 $168,301 $168,301 $172,464 $172,464
16 $174,246 $174,246 $170,980 $170,980 $167,515 $167,515 $174,246 $174,246 $178,380 $178,380
17 $180,400 $180,400 $176,810 $176,810 $173,005 $173,005 $180,400 $180,400 $184,499 $184,499
18 $186,772 $186,772 $182,838 $182,838 $178,675 $178,675 $186,772 $186,772 $190,827 $190,827
19 $193,369 $193,369 $189,073 $189,073 $184,531 $184,531 $193,369 $193,369 $197,373 $197,373
20 $200,199 $200,199 $195,520 $195,520 $190,579 $190,579 $200,199 $200,199 $204,143 $204,143
21 $207,271 $207,271 $202,186 $202,186 $196,825 $196,825 $207,271 $207,271 $211,146 $211,146
22 $214,592 $214,592 $209,080 $209,080 $203,276 $203,276 $214,592 $214,592 $218,388 $218,388
23 $222,172 $222,172 $216,210 $216,210 $209,939 $209,939 $222,172 $222,172 $225,879 $225,879
24 $230,019 $230,019 $223,582 $223,582 $216,820 $216,820 $230,019 $230,019 $233,627 $233,627
25 $238,144 $238,144 $231,205 $231,205 $223,926 $223,926 $238,144 $238,144 $241,641 $241,641
- --------------------------------------------------------------------------------------------------

Assumptions:

1. $100,000 initial investment.

2. Fund Expenses =0.97%.

3. No optional death benefit(s) and/or optional living benefit(s) were elected.

5. These reductions result in hypothetical net rates of return as follows:
Strategic Partners Advisor 3.53%; Strategic Partners Select 3.41%;
Strategic Partners FlexElite 3.24%; Strategic Partners Annuity One 3/Plus 3
Non-Bonus 3.53%; Strategic Partners Annuity One 3/Plus Bonus 3.43%.

B-5

PLEASE SEND ME A STATEMENT OF ADDITIONAL INFORMATION THAT CONTAINS
FURTHER DETAILS ABOUT THE PRUCO LIFE ANNUITY DESCRIBED IN
PROSPECTUS ORD01009 (05/2007).

------------------------
(print your name)

------------------------
(address)

------------------------
(city/state/zip code)

MAILING ADDRESS:

PRUDENTIAL ANNUITY SERVICE CENTER P.O. Box 7960 Philadelphia, PA 19176

[LOGO]
The Prudential Insurance Company of America
751 Broad Street
Newark, NJ 07102-3777

ORD01009

PRSRT STD
U.S. POSTAGE
PAID
LANCASTER, PA
PERMIT NO. 1793

PRUCO LIFE INSURANCE COMPANY

Supplement, dated February 11, 2009
To
Prospectus, dated May 1, 2001

This supplement should be read and retained with your current prospectus. If
you would like another copy of that prospectus, please call us at 800-752-6342.

Pruco Life Insurance Company ("PRUCO") incorporates by reference into the
prospectus its latest annual report on Form 10-K filed pursuant to Section 13(a)
or Section 15(d) of the Exchange Act since the end of the fiscal year covered by
its latest annual report. In addition, all documents subsequently filed by PRUCO
pursuant to Sections 13(a), 13 (c), 14 or 15(d) of the Exchange Act also are
incorporated into the prospectus by reference. PRUCO will provide to each
person, including any beneficial owner, to whom a prospectus is delivered, a
copy of any or all of the information that has been incorporated by reference
into the prospectus but not delivered with the prospectus. Such information will
be provided upon written or oral request at no cost to the requester by writing
to Prudential Annuities Life Assurance Corporation, One Corporate Drive,
Shelton, CT 06484 or by calling 800-752-6342. PLNJ files periodic reports as
required under the Securities Exchange Act of 1934. The public may read and copy
any materials that PRUCO files with the SEC at the SEC's Public Reference Room
at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-
0330. The SEC maintains an Internet site that contains reports, proxy, and
information statements, and other information regarding issuers that file
electronically with the SEC (see http://www.sec.gov). Our internet address is
http://www.prudentialannuities.com.

SUPPLEMENT
TO
MAY 1, 2001 PROSPECTUS

This prospectus was published prior to the enactment of the Economic Growth and
Tax Relief Reconciliation Act of 2001. This Act increased the contribution
limits for traditional IRAs and Roth IRAs as follows: for 2001, the limit
remains at $2,000; for 2002 to 2004 it rises to $3,000; for 2005 to 2007, to
$4,000; and for 2008, $5,000. After 2008 the contribution amount will be indexed
for inflation. The Act also provides for a catch up provision for individuals
who are age 50 and above. These taxpayers will be permitted to contribute an
additional $500 in years 2002 to 2005 and an additional $1,000 in 2006 and years
thereafter. This product can also be used for Simplified Employee Pensions
(SEPs). The Act increased the amount of compensation for contribution purposes
from $170,000 to $200,000 in 2002, indexed for inflation. This will cap the
annual SEP contribution at $30,000 in 2002.

PRUCO LIFE INSURANCE COMPANY

Supplement to Variable Life Insurance Prospectuses
and
Variable Annuity Prospectuses and Statements of Additional Information

December 18, 2001

On December 18, 2001, The Prudential Insurance Company of America completed
its transition from a mutual insurance company to a stock insurance company.
Accordingly, we revise the description of Pruco Life Insurance Company to
provide as follows:

Pruco Life Insurance Company ("Pruco Life") is a stock life insurance
company, organized in 1971 under the laws of the State of Arizona. It is
licensed to sell life insurance and annuities in the District of Columbia, Guam,
and in all states except New York.

Pruco Life is a wholly owned subsidiary of The Prudential Insurance Company
of America ("Prudential"), a New Jersey stock life insurance company that has
been doing business since 1875. Prudential is an indirect wholly-owned
subsidiary of Prudential Financial, Inc. ("Prudential Financial"), a New Jersey
insurance holding company. As Pruco Life's ultimate parent, Prudential Financial
exercises significant influence over the operations and capital structure of
Pruco Life and Prudential. However, neither Prudential Financial, Prudential,
nor any other related company has any legal responsibility to pay amounts that
Pruco Life may owe under the contract or policy.

PLIPOSUP Ed. 12-2001

Pruco Life Insurance Company
Pruco Life Insurance Company Of New Jersey

Strategic Partners Horizon

Strategic Partners Select

Supplement, dated November 19, 2007
To
Prospectuses, dated May 1, 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.

A. NEW SUB-ACCOUNT

With regards to Strategic Partners Select Annuity only, effective November 19,
2007, the underlying portfolio listed below is being offered as a new
Sub-account. We are also reflecting a sub-advisor name change for one of the
portfolios within Strategic Partners Select.

In the section of the Strategic Partners Select Prospectus entitled "Summary of
Contract Expenses", sub-section "Underlying Mutual Fund Portfolio Annual
Expenses", under the heading "Advanced Series Trust", the following portfolio
has been added:

UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average net assets of the underlying Portfolios)

Total Annual
UNDERLYING PORTFOLIO Management Other Acquired Portfolio Fees Portfolio Operating
Advanced Series Trust: Fees Expenses 12b-1 Fees & Expenses Expenses
- -------------------------------- ---------- -------- ---------- ----------------------- -------------------

AST Western Asset Core Plus Bond 0.70% 0.12% 0.00% 0.00% 0.82%

Effective November 19, 2007, the underlying portfolio listed below is being
offered as a new Sub-account under Strategic Partners Select. In order to
reflect these additions: The following is being added to the chart in the
Strategic Partners Select Prospectus in the section entitled "What Investment
Options Can I Choose? /Variable Investment Options":

PORTFOLIO
STYLE/ ADVISOR/
TYPE INVESTMENT OBJECTIVES/POLICIES SUB-ADVISOR
- ------------ --------------------------------------------------------------------------------------- ---------------------------

AST FUND
Fixed Income AST Western Asset Core Plus Bond Portfolio: seeks to maximize total return, consistent Western Asset Management
with prudent investment management and liquidity needs, by investing to obtain its Company/ Western Asset
average specified duration. The Portfolio's current target average duration is Management Company Limited
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.

Also, in the same section of the Strategic Partners Select prospectus, we make
the following change to the chart setting forth a brief description of the
variable investment option, to reflect a sub-advisor name change:

.. Effective November 19, 2007, Neuberger Berman Management Inc. will become
sub-advisor of SP Mid-Cap Growth Portfolio. Prior to November 19, 2007,
Calamos Advisors LLC was the sub-advisor.

We add a parenthetical after the name of the SP Mid Cap Growth Portfolio as
follows, to indicate that we no longer permit purchases or transfers into the
Portfolio by those who are not already invested in the Portfolio:

SP Mid Cap Growth Portfolio (closed to new investments):

B. NEW PRINCIPAL UNDERWRITER

In the "Other Information" section of each prospectus, under the heading
entitled "Sales and Distribution of the Contract.", we identify Prudential
Investment Management Services LLC (PIMS) as the principal underwriter and
distributor of the annuities. Beginning as of the date of this supplement, PIMS
has been replaced by an affiliated broker-dealer called Prudential Annuities
Distributors, Inc. ("PAD"). Accordingly, we replace the first two paragraphs
under "Sales and Distribution of the Contract" with the following, and in the
remainder of that section, replace references to PIMS with PAD:

"Prudential Annuities Distributors, Inc. (PAD), 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)."

Pruco Life Insurance Company
Pruco Life Insurance Company Of New Jersey

Strategic Partners Advisor
Strategic Partners Annuity One
Strategic Partners Plus
Strategic Partners Annuity One 3
Strategic Partners Plus 3
Strategic Partners FlexElite
Strategic Partners Select

Prudential Premier Series Annuity

Supplement to Statements of Additional Information Dated May 1, 2007
Supplement dated November 19, 2007

This Supplement should be read and retained with the current Prospectus and
Statement of Additional Information for your annuity. This Supplement is
intended to update certain information in the Statement of Additional
Information for the variable annuity you own, and is not intended to be a
Statement of Additional Information, prospectus, or offer for any other variable
annuity listed here that you do not own. If you would like a copy of the current
Statement of Additional Information, please contact us at 1-888-PRU-2888.

In the sections of the Statements of Additional Information entitled Principal
Underwriter and Payments Made To Promote Sale Of Our Products, we identify
Prudential Investment Management Services, LLC as principal underwriter.
Beginning as of the date of this supplement, Prudential Annuities Distributors,
Inc., an indirect subsidiary of Prudential Financial, Inc., has assumed PIMS's
duties as principal underwriter of each of the above-referenced annuities.

PART II

ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

Registration Fees

In this registration statement, Pruco Life Insurance Company of is registering
$40 million of securities and paying a filing fee of $1,572.00 therefor.

Federal Taxes

Pruco Life Insurance Company estimated the federal tax effect associated with
the deferred acquisition costs attributable to receipt of $1 million of
purchase payments over a two year period to be approximately $74,000.

State Taxes

Pruco Life Insurance Company estimated that approximately $10,000 in premium
taxes would be owed upon receipt of purchase payments under the contracts and
that additional premium taxes in the approximate amount of $8,000 would be owed
if the full $40 million of the securities registered herein would be applied to
annuity options.

Printing Costs

Printing costs are largely inapplicable, because the variable annuity with
which this security is associated is no longer sold.

Legal Costs

This registration statement was prepared by Prudential attorneys whose time is
allocated to Pruco Life Insurance Company.

Accounting Costs

PricewaterhouseCoopers LLP, the independent registered public accounting firm
that audits Pruco Life Insurance Company's financial statements, will charge
approximately $3333.00 in connection with the filing of this registration
statement with the Commission.

ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS

The Registrant, in conjunction with certain of its affiliates, maintains
insurance on behalf of any person who is or was a trustee, director, officer,
employee, or agent of the Registrant, or who is or was serving at the request
of the Registrant as a trustee, director, officer, employee or agent of such
other affiliated trust or corporation, against any liability asserted against
and incurred by him or her arising out of his or her position with such trust
or corporation.

Arizona, being the state of organization of Pruco Life Insurance Company
Arizona ("Pruco"), permits entities organized under its jurisdiction to
indemnify directors and officers with certain limitations. The relevant
provisions of Arizona law permitting indemnification can be found in Section
10-850 et seq. of the Arizona Statutes Annotated. The text of Pruco's By-law,
Article VIII, which relates to indemnification of officers and directors,

is incorporated by reference to Exhibit 1A(6)(c) to Form S-6 filed August 13,
1999 on behalf of the Pruco Life of New Jersey Variable Appreciable Account.

Insofar as indemnification for liabilities arising under the Securities Act of
1933, as amended (the "Securities Act"), may be permitted to directors,
officers and controlling persons of the Registrant pursuant to the foregoing
provisions or otherwise, the Registrant has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.

ITEM 16. EXHIBITS

(a) Exhibits

(1)Form of Distribution Agreement between Prudential Annuities Distributors,
Inc. and Pruco Life Insurance Company. (Note 2)

(4)(a) Discovery Select Variable Annuity Contract (Note 3)

(b) Strategic Partners Select Variable Annuity Contract (Note 4)

(5)Opinion of Counsel as to legality of the securities being registered. (Note
1)

(23)Written consent of PricewaterhouseCoopers LLP, Independent accountants
(Note 1)

(24)(a) Power of Attorney for James J. Avery. (Note 5)

(b) Power of Attorney for Helen M. Galt. (Note 5)

(d) Power of Attorney for Scott D. Kaplan. (Note 6)

(e) Power of Attorney for Stephen Pelletier. (Note 1)

(f) Power of Attorney for Tucker I. Marr. (Note 6)

(g) Power of Attorney for Scott G. Sleyster. (Note 7)

- --------
(Note1) Filed herewith.

(Note2) Incorporated by reference to Post-Effective Amendment Registration
Statement No. 4 filed on Form S-1 Registration No. 33-61143, filed April
15, 1999, on behalf of Pruco Life Insurance Company.

(Note3) Incorporated by reference to Registrant's Form S-1 filed July 19, 1995
initial Registration Form N-4.

(Note4) Incorporated by reference to, initial Registration on Form N-4
Registration No. 333-52754, filed December 26, 2000 on behalf of Pruco
Life Flexible Premium Variable Annuity Account.

(Note5) Incorporated by reference to Post-Effective Amendment on, Form N-4,
Registration No. 33-61143, filed April 19, 2006 on behalf of Pruco Life
Flexible Premium Variable Annuity Account.

(Note6) Incorporated by reference to Post-Effective Amendment No. 18, Form N-4,
Registration No. 333-75702, filed April 19, 2007 on behalf of Pruco Life
Flexible Premium Variable Annuity Account.

(Note7) Incorporated by reference to Post-Effective Amendment No. 10, on Form
N-4, Registration No. 333-130989, filed April 15, 2008 on behalf of Pruco
Life Flexible Premium Variable Account.

ITEM 17. UNDERTAKINGS

The undersigned registrant hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:

(i) To include any prospectus required by Section 10 (a)(3) of the Securities
Act of 1933;

(ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information in the registration statement; and

(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement.

(2) That, for the purpose of determining any liability under the Securities Act
of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at the time shall be deemed to be the initial bona
fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.

(4) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

(5) Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.

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 the Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Newark, State of New
Jersey, on the 11th day of February 2009.

PRUCO LIFE INSURANCE COMPANY (Registrant)

Attest: /s/ Thomas C. Castano /s/ Scott D. Kaplan
------------------------------------ -----------------------------------
Thomas C. Castano Scott D. Kaplan
Chief Legal Officer and Secretary President and Chief Executive
Officer

Signature and Title

*
- --------------------------
JAMES J. AVERY JR.
VICE CHAIRMAN AND DIRECTOR Date: February 11, 2009

* **By: /s/ Thomas C. Castano
- ------------------------------------ -----------------------------------
SCOTT D. KAPLAN THOMAS C. CASTANO
DIRECTOR VICE PRESIDENT AND CORPORATE
COUNSEL

*
- --------------------------
TUCKER I. MARR
CHIEF ACCOUNTING OFFICER

*
- --------------------------
BERNARD J. JACOB
DIRECTOR

*
- --------------------------
SCOTT G. SLEYSTER
DIRECTOR

*
- --------------------------
HELEN M. GALT
DIRECTOR

*
- --------------------------
STEPHEN PELLETIER
DIRECTOR

EXHIBIT INDEX

Exhibit No.
- -----------

5 Opinion of Counsel

23 Written Consent of PricewaterhouseCoopers LLP, Independent
Registered Public Accounting Firm

24 Power of attorney for Director, Stephen Pelletier.