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We add the name of the AST Bond Portfolio 2023 to the inside front cover of the prospectus.
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In the section entitled, “Summary of Contract Fees and Charges” we set forth the following fees of the AST Bond Portfolio 2023 in the table of Underlying Mutual Fund Portfolio Annual Expenses:
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UNDERLYING PORTFOLIO
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Management Fees
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Other Expenses*
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Distribution (12b-1) Fees
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Dividend Expense on Short Sales
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Broker Fees and Expenses on Short Sales
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Acquired Portfolio Fees & Expenses
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Total Annual Portfolio Operating Expenses
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AST Bond Portfolio 2023
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0.64%
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0.34%
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0.00%
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0.00%
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0.00%
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0.00%
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0.98%
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In the section entitled “Investment Options” we add the following summary description of the AST Bond Portfolio 2023 to the Investment Objectives/Policies table as follows:
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STYLE/TYPE
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INVESTMENT OBJECTIVES/POLICIES
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PORTFOLIO ADVISOR/SUB-ADVISOR
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ADVANCED SERIES TRUST
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FIXED INCOME
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AST Bond Portfolio 2023: seeks the highest total return for a specified period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation. The Portfolio is designed to meet the parameters established to support certain living benefits on the Variable Annuity Product that mature on December 31, 2023. Please note that you may not allocate purchase payments to or transfer Account Value to this Portfolio, and that this Portfolio is available only with certain living benefits.
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Prudential Investment Management Inc.
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