SUPPLEMENT DATED APRIL 7, 2000 TO PROSPECTUS DATED MAY 1, 1999
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
VARIABLE ANNUITY CONTRACTS
DISCOVERY SELECT[R] VARIABLE ANNUITY
The following amendments are hereby made to the Discovery Select Variable
Annuity Prospectus dated May 1, 1999:
Section 2: What Investment Option Can I Choose?, is hereby amended to add a
third interest rate option, the DCA Fixed Interest Rate Investment Option, to
the paragraph entitled, "Fixed Interest-Rate Options" as follows:
A DCA program may be available to you. If you elect a DCA program, you
can allocate all or part of your invested purchase payment to the
Dollar Cost Averaging ("DCA") Fixed Interest Rate Investment Option
("DCA Option") and automatically transfer amounts on a periodic basis
from the DCA Option to selected variable investment options for a
given number of payments. The minimum allocation of an invested
purchase payment required to establish a DCA Interest Segment is
$5,000. The minimum transfer amount is $100 per payment. Assets
allocated to the DCA Option are invested in our general account. You
may not transfer any portion of the contract fund to the DCA Option
from the other investment options. Currently, only all or part of the
initial invested purchase payment may be allocated to the DCA Option.
However, if in the future we determine that circumstances exist that
make it practicable, we may permit subsequent purchase payments made
within a given period from the Contract Date to be so allocated.
A DCA Interest Segment is a portion of the DCA Option that is created
when you allocate all of part of an invested purchase payment to the
DCA Option. We credit interest to the amount in each DCA Interest
Segment daily at the daily equivalent of a specific rate declared for
that DCA Interest Segment until the earliest of: 1) the date the
amount in the DCA Interest Segment is transferred out of the DCA
Interest Segment; 2) the date the amount in the DCA Interest Segment
is withdrawn; 3) the date as of which a death benefit is determined,
and 4) the Annuity Date. The Interest Segment Interest Rate applicable
to the initial invested purchase payment allocated to the DCA Option
is shown on the Contract Data pages.
The first periodic transfer from the DCA Option is made as of the date
of the allocation of the applicable Invested Purchase Payment.
Subsequent transfers are made on the periodic anniversary of the first
transfer (for example, monthly
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or quarterly). The amount of each transfer is equal and depends on the
period elected for the transfers. For example, if a 6 payment transfer
period is elected, the amount of each transfer would be 1/6 of the
amount allocated to the DCA Option. The final transfer amount will
include the interest credited during the elected period (but, see
below for the effect of withdrawals). Once the initial transfer has
been processed, the transfer period may not be changed; however the
variable investment options to which the transfers are being made may
be changed. Transfers from the DCA Option do not count toward the
maximum number of free transfers permissible under the contract.
Withdrawals from the DCA Option are permitted. We will recalculate
the periodic transfer amount to reflect the reduction in the DCA
Option caused by the withdrawal. This recalculation may include some
or all of the interest credited to the date of the next scheduled
transfer. Any interest that is not included in the recalculated
transfer amount will be paid with the final transfer amount, unless
there is another withdrawal. Deduction of the Contract Maintenance
Charge is treated as a withdrawal for this purpose. If a withdrawal
reduces the periodic transfer amount to below $100, the remaining
balance in the DCA Option will be transferred to the variable
investment options that you had most recently selected for the DCA
program on the next scheduled transfer date. If a withdrawal request
does not specify the investment options from which the withdrawal is
to be made, we will take the withdrawal on a pro-rata basis from all
investment options to which your contract fund is then allocated.
Systematic withdrawals from the DCA Option are permitted.
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