AST BlackRock Value Portfolio - Prudential Annuities

Expense risk. Your actual cost of investing in the Portfolio may be higher than the expenses shown above under “Annual Portfolio
Operating Expenses” for a variety of reasons, including, for example, if the Portfolio’s average net assets decrease significantly.
Past Performance. A number of factors, including risk, can affect how the Portfolio performs. The bar chart and table provide some
indication of the risks of investing in the Portfolio by showing changes in the Portfolio’s performance from year to year and by
showing how the Portfolio’s average annual returns for 1, 5, and 10 years compare with those of a broad measure of market
performance. Past performance does not mean that the Portfolio will achieve similar results in the future.
The annual returns and average annual returns shown in the chart and table are after deduction of expenses and do not include
Contract charges. If Contract charges were included, the returns shown would have been lower than those shown. Consult your
Contract prospectus for information about Contract charges.
Note: Prior to May 1, 2008, the Portfolio was known as the AST AllianceBernstein Managed Index 500 Portfolio. Effective May 1,
2008, the Portfolio changed its investment strategy, investment objective, investment policies, and expense structure. The
performance history furnished below prior to May 1, 2008 reflects the investment performance, investment operations, investment
policies, investment strategies, and expense structure of the former AST AllianceBernstein Managed Index 500 Portfolio, and does
not represent the actual or predicted performance of the AST QMA US Equity Alpha Portfolio.
Annual Total Returns
60%
40%
20%
0%
27.32
9.98
3.54
12.60
21.82
15.05
2.08 3.46
-20%
-20.64
-40%
-38.72
-60%
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Best Quarter:
Worst Quarter:
18.22% 2 nd Quarter of 2009 -21.92% 4 th Quarter of 2008
Average Annual Total Returns (For the periods ended December 31, 2011)
1 year 5 years 10 Years
Portfolio 3.46% -1.93% 1.63%
Index
Russell 1000 ® Index (reflects no deduction for fees, expenses or taxes) 1.50% -0.02% 3.34%
MANAGEMENT OF THE PORTFOLIO
Investment Managers Subadviser Portfolio Managers Title Service Date
Prudential Investments LLC Quantitative Management Associates LLC Ted Lockwood Managing Director May 2008
AST Investment Services, Inc. Devang Gambhirwala Principal and Portfolio
Manager
May 2008
TAX INFORMATION
Contract owners should consult their Contract prospectus for information on the federal tax consequences to them. In addition,
Contract owners may wish to consult with their own tax advisors as to the tax consequences of investments in the Contracts and
the Portfolio, including the application of state and local taxes. The Portfolio currently intends to be treated as a partnership for
federal income tax purposes. As a result, the Portfolio’s income, gains, losses, deductions, and credits are “passed through” pro
rata directly to the participating insurance companies and retain the same character for federal income tax purposes.
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