Strategic Partners Plus 3 - Prudential Annuities

SUMMARY OF CONTRACT EXPENSES continuedUNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSESUNDERLYING PORTFOLIO(as a percentage of the average net assets of the underlying Portfolios)ManagementFee 4For the year ended December 31, 2007OtherExpenses12b-1 Fees AcquiredPortfolio Fees& Expenses 6Total AnnualPortfolioExpensesEvergreen VA Growth 0.70% 0.20% 0.00% 0.01% 0.91%Evergreen VA International Equity 0.39% 0.24% 0.00% 0.00% 0.63%Evergreen VA Omega 0.52% 0.19% 0.00% 0.00% 0.71%1 The Fund has entered into arrangements with the issuers of the variable insurance products offering the Portfolios under which the Fund compensates theissuers 0.10% for providing ongoing services to Portfolio shareholders in lieu of the Fund providing such services directly to shareholders. Amounts paidunder these arrangements are included in “Other Expenses.” Subject to the expense limitations set forth below, for each Portfolio of the Fund other than theDynamic Asset Allocation Portfolios, 0.03% of the 0.10% administrative services fee is voluntarily waived. The Dynamic Asset Allocation Portfolios donot directly pay any portion of the 0.10% administrative service fee. The Acquired Portfolios in which the Dynamic Asset Allocation Portfolios invest,however, are subject to the administrative services fee. With respect to the AST QMA US Equity Alpha Portfolio, “Other Expenses” includes dividendexpenses on short sales and interest expenses on short sales. Our reference above to the Dynamic Asset Allocation Portfolios refers to these portfolios:AST Aggressive Asset Allocation, AST Balanced Asset Allocation, AST Capital Growth Asset Allocation, AST Conservative Asset Allocation, and ASTPreservation Asset Allocation.2 Some of the Portfolios invest in other investment companies (the Acquired Portfolios). For example, each Dynamic Asset Allocation Portfolio investsprimarily in shares of other Portfolios of Advanced Series Trust. Investors in a Portfolio indirectly bear the fees and expenses of the Acquired Portfolios.The expenses shown under “Acquired Portfolio Fees and Expenses” represent a weighted average of the expense ratios of the Acquired Portfolios in whicheach Portfolio invested during the year ended December 31, 2007. The Dynamic Asset Allocation Portfolios do not pay any transaction fees whenpurchasing or redeeming shares of the Acquired Portfolios. Our reference above to the Dynamic Asset Allocation Portfolios refers to these portfolios: ASTAggressive Asset Allocation, AST Balanced Asset Allocation, AST Capital Growth Asset Allocation, AST Conservative Asset Allocation, and ASTPreservation Asset Allocation.3 Prudential Investments LLC and AST Investment Services, Inc. have voluntarily agreed to waive a portion of their management fee and/or limit totalexpenses (expressed as an annual percentage of average daily net assets) for certain Portfolios of the Fund. These arrangements, which are set forth asfollows, may be discontinued or otherwise modified at any time. AST American Century Strategic Allocation: 1.25%; AST Cohen & Steers Realty: 1.45%;AST DeAM Small-Cap Value: 1.14%; AST Goldman Sachs Concentrated Growth: 0.86%; AST Goldman Sachs Mid-Cap Growth: 1.12%; AST HighYield: 0.88%; AST JPMorgan International Equity: 1.01%; AST Large-Cap Value: 1.20%; AST Lord Abbett Bond-Debenture: 0.88%; AST MFS GlobalEquity: 1.18%; AST MFS Growth: 1.35%; AST Marsico Capital Growth: 1.35%; AST Mid-Cap Value: 1.45%; AST Neuberger Berman Mid-CapGrowth: 1.25%; AST Neuberger Berman Mid-Cap Value: 1.25%; AST PIMCO Limited Maturity Bond: 1.05%; AST T. Rowe Price AssetAllocation: 1.25%; AST T. Rowe Price Natural Resources: 1.35%.4 The management fee rate shown in the “management fees” column represents the actual fee rate paid by the indicated Portfolio for the fiscal year endedDecember 31, 2007, except that the fee rate shown does not reflect the impact of any voluntary management fee waivers that may be applicable and whichwould result in a reduction in the fee rate paid by the Portfolio. The management fee rate for certain Portfolios may include “breakpoints” which arereduced fee rates that are applicable at specified levels of Portfolio assets; the effective fee rates shown in the table reflect and incorporate any fee“breakpoints” which may be applicable.5 The Western Asset Core Plus Bond Portfolio is based on estimated expenses for 2008 and current period average daily net assets. The AST InvestmentGrade Bond Portfolio expenses are based on estimated expenses for 2008 at an estimated asset level.6 Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly but are expenses of the investment companies in which the fundinvests. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. As a result, the TotalAnnual Portfolio Operating Expenses listed above may exceed the expense limit numbers. The impact of the acquired fund fees and expenses are includedin the total returns of the Fund.7 Investors incur certain fees and expenses in connection with an investment in the Fund’s Portfolios. The table shows the fees and expenses that you mayincur if you invest in Class 1 shares of the Portfolios through a variable annuity contract. The fees and expenses shown below are based the fees andexpenses incurred in the year ended December 31, 2007 (except as explained in the footnotes) and are expressed as a percentage of the average daily netassets of each Portfolio. The table does not include annuity contract charges. Because annuity contract charges are not included, the total fees and expensesthat you will incur will be higher than the fees and expenses set forth in the following table. See this prospectus for the fees and expenses under the annuitycontract.8 Some of the Portfolios invest in other investment companies (the Acquired Portfolios). For example, each SP Asset Allocation Portfolio invests in shares ofother Portfolios of the Fund, and some Portfolios invest in other funds, including the Dryden Core Investment Fund. Investors in a Portfolio indirectly bearthe fees and expenses of the Acquired Portfolios. The expenses shown in the column “Acquired Portfolio Fees and Expenses” represent a weighted averageof the expense ratios of the Acquired Portfolios in which each Portfolio invested during the year ended December 31, 2007. The SP Asset AllocationPortfolios do not pay any transaction fees when purchasing or redeeming shares of the Acquired Portfolios. Each of the Asset Allocation Portfolios isresponsible for the payment of its own “Other Expenses,” including, without limitation, custodian fees, legal fees, trustee fees and audit fee, in accordancewith the terms of the management agreement.9 Prudential Investments LLC has voluntarily agreed to waive a portion of its management fee and/or limit total expenses (expressed as an annual percentageof average daily net assets) for certain Portfolios of the Fund. These arrangements, which are set forth as follows for Class 1 shares, may be discontinued orotherwise modified at any time. Stock Index Portfolio: 0.75%; Value Portfolio: 0.75%; SP International Growth Portfolio: 1.24%; SP Mid Cap GrowthPortfolio: 1.00%; SP Small Cap Value Portfolio: 1.05%; SP Strategic Partners Focused Growth Portfolio: 1.25%.10 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.11 The Total Annual Portfolio Operating Expenses excludes expense reductions.Contract described herein is no longer available for sale.16