As filed with the Securities and Exchange Commission on June 23, 1997
File No. 333-23271
File No. 811-08091
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Pre-Effective Amendment No. _2_ [X]
Post-Effective Amendment No. ___ [ ]
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
AMENDMENT NO. 2 [X]
THE PRUDENTIAL DISCOVERY SELECT GROUP VARIABLE CONTRACT ACCOUNT
(Exact Name of Registrant)
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
(Name of Depositor)
2 Gateway Center , 18th Floor
Newark, NJ 07102-5096
Depositor's Telephone Number: (201) 367-1215
Peter T. Scott, Esq.
Assistant General Counsel
The Prudential Insurance Company Of America
C/O Prudential Investments
30 Scranton Office Park
Scranton, PA 18507-1789
(Name and Address of Agent for Service of Process)
Copy to:
Stephen E. Roth, Esquire
Sutherland, Asbill & Brennan, L.L.P.
1275 Pennsylvania Avenue, N.W.
Washington, D.C. 20004-2404
Approximate Date of Proposed Public Offering: As soon as practicable after the
effective date of the registration statement.
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the registrant
hereby elects to register an indefinite amount of securities being offered.
<PAGE>
Cross Reference Sheet
Pursuant to Rules 481(a) and 495(a)
Showing location in Part A (prospectus) and Part B (statement of additional
information) of registration statement of information required by Form N-4
PART A
Item of Form N-4 Prospectus Caption
1. Cover Page ..........................Cover Page
2. Definitions .........................Definitions
3. Synopsis ............................Fee Table; Brief Description of the
Contract
4. Condensed Financial
Information .......................Performance Information
5. General
(a) Depositor ......................Prudential Insurance Company of America
(b) Registrant......................Prudential Discovery Select Group
Variable Contract Account
(c) Portfolio Company ..............The Funds
(d) Fund Prospectus ................The Funds
(e) Voting Rights ..................Voting Rights
(f) Administrators .................Prudential Insurance Company of America
6. Deductions and Expenses
(a) General ........................Charges, Fees and Deductions; Brief
Description of the Contract
(b) Sales Load .....................Charges, Fees and Deductions; Brief
Description of the Contract
(c) Special Purchase Plan ..........N/A
(d) Commissions ....................Sale of the Contract and Sales
Commission
(e) Expenses - Registrant ..........Charges, Fees and Deductions; Brief
Description of the Contract
(f) Fund Expenses ..................Charges, Fees and Deductions
(g) Organizational Expenses ........N/A
<PAGE>
7. Contracts
(a) Persons with Rights ............Brief Description of the Contract;
Substitution of Fund Shares; The
Contracts; Voting Rights; Death
Benefit; Modified Procedures
(b) (i) Allocation of
Purchase Payments ..........Brief Description of the Contract;
Allocation of Purchase Payments
(ii) Transfers .................Brief Description of the Contract;
Transfers
(iii) Exchanges ................Transfers
(c) Changes ........................Substitution of Funds; The Contracts;
Modified Procedures;
(d) Inquiries ......................Cover page
8. Annuity Period ......................Brief Description of the Contract;
Effecting an Annuity
9. Death Benefit .......................Death Benefit
10. Purchases and Contract Value
(a) Purchases ......................Brief Description of the Contract;
Allocation of Purchase Payments;
The Accumulation Period; Transfers
(b) Valuation ......................Definitions; The Accumulation Period
(c) Daily Calculation ..............Definitions; The Accumulation Period
(d) Underwriter ....................Sale of the Contract and Sales
Commission
11. Redemptions
(a) - By Owners ....................Brief Description of the Contract;
Transfers; Withdrawals; Effecting An
Annuity; Federal Tax Status
- By Annuitant .................Transfers; Withdrawals; Effecting An
Annuity; Federal Tax Status
(b) Texas ORP ......................Texas Optional Retirement Plan
(c) Check Delay ....................N/A
(d) Lapse ..........................N/A
(e) Free Look ......................The Accumulation Period
12. Taxes ...............................Brief Description of the Contract;
Federal Tax Status
13. Legal Proceedings ...................Legal Proceedings
14. Table of Contents for the Statement
of Additional Information ........Statement of Additional Information
<PAGE>
PART B
Item of Form N-4 Part B Caption
15. Cover Page ..........................Cover Page
16. Table of Contents ...................Table of Contents
17. General Information and
History ...........................N/A
18. Services
(a) Fees and Expenses of
Registrant ....................Charges, Fees and Deductions
(prospectus)
(b) Management Contracts ...........N/A
(c) Custodian ......................N/A
Independent Public
Accountant .....................Expert
(d) Assets of Registrant ...........Prudential Discovery Select Group
Variable Contract Account (prospectus)
(e) Affiliated Persons .............Prudential Insurance Company of America
(prospectus)
(f) Principal Underwriter ..........Sale of the Contract and Sales
Commission (prospectus)
19. Purchase of Securities
Being Offered .....................Sale of the Contract and Sales
Commission (prospectus)
Offering Sales Load ................N/A
20. Underwriters ........................Sale of the Contract and Sales
Commission (prospectus)
21. Calculation of Performance
Data ................................Performance Information; Performance
Information (prospectus)
22. Annuity Payments ....................Effecting An Annuity (prospectus)
23. Financial Statements ................Financial Statements
<PAGE>
PART C -- OTHER INFORMATION
Item of Form N-4 Part C Caption
24. Financial Statements
and Exhibits ........................Financial Statements and Exhibits
(a) Financial Statements ...........(a) Financial Statements
(b) Exhibits .......................(b) Exhibits
25. Directors and Officers
of the Depositor ....................Directors and Officers of Prudential
Insurance Company of America
26. Persons Controlled By or
Under Common Control with the
Depositor or Registrant .............Persons Controlled By or Under Common
Control with the Depositor or
Registrant
27. Number of Contractowners ............Number of Contractholders
28. Indemnification .....................Indemnification
29. Principal Underwriters ..............Principal Underwriter
30. Location of Accounts
and Records .........................Location of Books and Records
31. Management Services .................Management Services
32. Undertakings ........................Undertakings and Representations
Signature Page ......................Signatures
<PAGE>
This Pre-Effective Amendment No. 2 to the Registration Statement (File No.
333-23271) on Form N-4 for the Prudential Discovery Select Group Variable
Contract Account incorporates by reference the prospectus, statement of
additional information, Part C and exhibits which were contained in The
Prudential Discovery Select Group Variable Contract Account Pre-Effective
Amendment No. 1 filed on June 17, 1997.
<PAGE>
PART C
OTHER INFORMATION
Item 24. Financial statements and Exhibits
(a) The following financial statements are included in Part B:
Financial Statements of Registrant - Not applicable.
Financial Statements of Depositor - The Prudential Insurance Company of
America.
(b) Exhibits
1. Resolution adopted by the Board of Directors of The Prudential
Insurance Company of America on February 11, 1997
establishing the Prudential Discovery Select Group
Variable Contract Account (the "Discovery Account").
2. Not applicable.
3(a). Principal Underwriting Contract.
3(b). Broker-dealer sales agreement.
4(a). Form of Group Annuity Contract for The Prudential Insurance
Company of America.
5(a). Not applicable.
5(b). Form of Participant enrollment form (including acknowledgment
of restrictions on redemption imposed by I.R.C. Section
403(b)).
6. Copy of certificate of incorporation and by-laws of The
Prudential Insurance Company of America.
7. Not applicable.
8(a). Participation Agreement between The Prudential Insurance
Company of America and AIM Variable Insurance Funds, Inc.
8(b). Participation Agreement between The Prudential Insurance
Company of America and T. Rowe Price Equity Series, Inc.
8(c). Participation Agreement between The Prudential Insurance
Company of America and Janus Aspen Series.
C-1
<PAGE>
8(d). Participation Agreement between The Prudential Insurance
Company of America and MFS Variable Insurance Trust.
8(e). Participation Agreement between The Prudential Insurance
Company of America and OCC Accumulation Trust.
8(f). Participation Agreement between The Prudential Insurance
Company of America and Warburg Pincus Trust.
9. Consent and opinion of Peter T. Scott, Assistant General
Counsel, The Prudential Insurance Company of America, as to
the legality of the securities being registered.
10(a).Consent of Price Waterhouse, LLP, Independent Accountants.
10(b).Consent of Sutherland, Asbill & Brennan, L.L.P.
10(c).Powers of Attorney for Glen H. Hiner, Gaynor N. Kelley,
Ida F.S. Schwartz.
10(d).Powers of Attorney.(1)
10(e).Consent of Deloitte & Touche LLP, Independent Auditors.
11. Not applicable.
12. Not applicable.
13. Schedule for Computation of Performance Quotations.
Item 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR
Information about the Directors and Executive Officers of Prudential,
Registrant's depositor, appears under the heading of "Directors and Officers of
Prudential" in the Statement of Additional information (Part B of this
Registration Statement).
- ----------
(1) Incorporated herein by reference to the registrant's initial Registration
Statement filed with the Securities and Exchange Commission on March 13,
1997 (File No. 333-23271).
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant and the Depositor have duly caused this Registration
Statement to be signed on their behalf, in the City of Newark, and the State of
New Jersey on this 23rd day of June, 1997.
The Prudential Discovery Variable Contract Account
(Registrant)
By: The Prudential Insurance Company of America
(Depositor)
By: /s/ PETER T. SCOTT
---------------------------
Peter T. Scott
Assistant General Counsel
---------------------------
(Signature and Title)
As required by the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
SIGNATURE TITLE DATE
*/s/ ARTHUR F. RYAN Chairman of the Board, June 23, 1997
- ------------------------- President and Chief
Arthur F. Ryan Executive Officer
*/s/ GARNETT L. KEITH, JR. Vice Chairman and Director June 23, 1997
- -------------------------
Garnett L. Keith, Jr.
*/s/ MARK B. GRIER Senior Vice President June 23, 1997
- -------------------------- and Comptroller and
Mark B. Grier Principal Financial
Officer
*/s/ FRANKLIN E. AGNEW Director June 23, 1997
- -------------------------
Franklin E. Agnew
*/s/ FREDERIC K. BECKER Director June 23, 1997
- -------------------------
Frederic K. Becker
*/s/ WILLIAM W. BOESCHENSTEIN Director June 23, 1997
- -------------------------
William W. Boeschenstein
C-3
<PAGE>
*/s/ LISLE C. CARTER, JR. Director June 23, 1997
- -------------------------
Lisle C. Carter, Jr.
*/s/ JAMES G. CULLEN Director June 23, 1997
- -------------------------
James G. Cullen
*/s/ CAROLYNE K. DAVIS Director June 23, 1997
- -------------------------
Carolyne K. Davis
*/s/ ROGER A. ENRICO Director June 23, 1997
- -------------------------
Roger A. Enrico
*/s/ ALLAN D. GILMOUR Director June 23, 1997
- -------------------------
Allan D. Gilmour
*/s/ WILLIAM H. GRAY, III Director June 23, 1997
- -------------------------
William H. Gray, III
*/s/ JON F. HANSON Director June 23, 1997
- -------------------------
Jon F. Hanson
*/s/ CONSTANCE J. HORNER Director June 23, 1997
- -------------------------
Constance J. Horner
*/s/ ALLEN F. JACOBSON Director June 23, 1997
- -------------------------
Allen F. Jacobson
*/s/ BURTON G. MALKIEL Director June 23, 1997
- -------------------------
Burton G. Malkiel
Director June 23, 1997
- -------------------------
Charles R. Sitter
Director June 23, 1997
- -------------------------
Donald L. Staheli
*/s/ RICHARD M. THOMSON Director June 23, 1997
- -------------------------
Richard M. Thomson
*/s/ JAMES A. UNRUH Director June 23, 1997
- -------------------------
James A. Unruh
*/s/ P. ROY VAGELOS, M.D. Director June 23, 1997
- -------------------------
P. Roy Vagelos, M.D.
*/s/ STANLEY C. VAN NESS Director June 23, 1997
- -------------------------
Stanley C. Van Ness
C-4
<PAGE>
*/s/ PAUL A. VOLCKER Director June 23, 1997
- -------------------------
Paul A. Volcker
*/s/ JOSEPH H. WILLIAMS Director June 23, 1997
- -------------------------
Joseph H. Williams
*By: /s/ PETER T. SCOTT
-------------------------
(Attorney-in-Fact)
C-5
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
1. Resolution adopted by the Board of Directors of The Prudential
Insurance Company of America on February 11, 1997
establishing the Prudential Discovery Select Group
Variable Contract Account (the "Discovery Account").
2. Not applicable.
3(a). Principal Underwriting Contract.
3(b). Broker-dealer sales agreement.
4(a). Form of Group Annuity Contract for The Prudential Insurance
Company of America.
5(a). Not applicable.
5(b). Form of Participant enrollment form (including acknowledgment
of restrictions on redemption imposed by I.R.C. Section
403(b)).
6. Copy of certificate of incorporation and by-laws of The
Prudential Insurance Company of America.
7. Not applicable.
8(a). Participation Agreement between The Prudential Insurance
Company of America and AIM Variable Insurance Funds, Inc.
8(b). Participation Agreement between The Prudential Insurance
Company of America and T. Rowe Price Equity Series, Inc.
8(c). Participation Agreement between The Prudential Insurance
Company of America and Janus Aspen Series.
8(d). Participation Agreement between The Prudential Insurance
Company of America and MFS Variable Insurance Trust.
8(e). Participation Agreement between The Prudential Insurance
Company of America and OCC Accumulation Trust.
8(f). Participation Agreement between The Prudential Insurance
Company of America and Warburg Pincus Trust.
9. Consent and opinion of Peter T. Scott, Assistant General Counsel,
The Prudential Insurance Company of America, as to the legality of
the securities being registered.
10(a). Consent of Price Waterhouse, LLP, Independent Accountants.
10(b). Consent of Sutherland, Asbill & Brennan, L.L.P.
10(c). Powers of Attorney for Glen H. Hiner, Gaynor N. Kelley,
Ida F.S. Schwartz.
10(d). Powers of Attorney.(1)
10(e).Consent of Deloitte & Touche LLP, Independent Auditors.
11. Not applicable.
12. Not applicable.
13. Schedule for Computation of Performance Quotations.
- ----------
(1) Incorporated herein by reference to the registrant's initial Registration
Statement filed with the Securities and Exchange Commission on March 13,
1997 (File No. 333-23271).
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in the Statement of Additional Information
constituting part of this Pre-Effective Amendment No. 2 to the Registration
Statement on Form N-4 (the "Registration Statement") of our report dated March
10, 1997, relating to the statutory financial statements of The Prudential
Insurance Company of America, which appears in such Statement of Additional
Information. We also consent to the reference to us under the heading "Experts"
in the Statement of Additional Information.
PRICE WATERHOUSE LLP
1177 Avenue of the Americas
New York, New York 10036
June 23, 1997
INDEPENDENT AUDITORS' CONSENT
We consent to the use in this Pre-Effective Amendment No. 2 to Registration
Statement No. 333-23271 on Form N-4 of The Prudential Discovery Select Group
Variable Contract Account of The Prudential Insurance Company of America of our
report dated March 1, 1996, except for Note 1A as to which the date is March 10,
1997, relating to the statutory financial statements of The Prudential Insurance
Company of America in the Statement of Additional Information, which is a part
of such Registration Statement, and to the reference to us under the heading
"Experts," also appearing in the Statement of Additional Information.
/s/ Deloitte & Touche LLP
Parsippany, New Jersey
June 23, 1997
June 20, 1997
VIA EDGARLINK
- -------------
Board of Directors
The Prudential Insurance Company of America
751 Broad Street
Newark, NJ 07102
Ladies and Gentlemen:
We hereby consent to the reference to our name under the caption "Legal
Matters" in the Statement of Additional Information filed as part of
Pre-Effective Amendment No. 2 to the registration statement on Form N-4 for the
Prudential Discovery Select Group Variable Contract Account (File No.
333-23271). In giving this consent, we do not admit that we are in the category
of persons whose consent is required under Section 7 of the Securities Act of
1933.
Very truly yours,
SUTHERLAND, ASBILL & BRENNAN, L.L.P.
By: /s/ STEPHEN E. ROTH
------------------------------------
Stephen E. Roth
