The Prudential Series Fund

PAST PERFORMANCE
Conservative Balanced Portfolio
Annual Returns (Class I shares)
30%
20%
18.77
10%
0
-10%
6.69
-0.48
-2.02
-8.98
8.04
3.43
10.44
6.12
-20%
-30%
1999
2000
2001
2002
2003
2004
2005
2006
2007
-21.41
2008
Best Quarter
Worst Quarter
10.14% (2nd quarter of 2003) -10.82% (4th quarter of 2008)
Average Annual Returns (as of 12/31/08)
1 Year 5 Years 10 Years
Class I Shares -21.41% 0.58% 1.47%
S&P 500 Index* -36.99% -2.19% -1.38%
Conservative Balanced Custom Blended Index** -18.23% 1.24% 2.15%
Lipper Variable Insurance Products (VIP) Mixed-Asset Target Allocation
Growth Funds Average*** -29.60% -0.56% 0.87%
*The Standard & Poor's 500 Composite Stock Price Index (S&P 500 Index) — an unmanaged index of 500 stocks of large U.S. companies — gives a broad look at how stock prices have performed.
These returns do not include the effect of any investment management expenses. These returns would have been lower if they included the effect of these expenses.
**The Blended Index consists of the S&P 500 Index (50%), the Barclays Capital Aggregate Bond Index (40%), an unmanaged index comprised of more than 5,000 government and corporate bonds,
and 3-Month T-Bill Index (10%). These returns do not include the effect of investment management expenses. These returns would have been lower if they included the effect of these expenses.
***The Lipper Average is calculated by Lipper Analytical Services, Inc. and reflects the return of certain portfolios underlying variable life and annuity products. The returns are net of investment
fees and fund expenses but not product charges. These returns would have been lower if they included the effect of product charges.
20