EXHIBIT INDEX
EXHIBIT A:
Attachment to item 77D:
Policies with respect to security investments.
EXHIBIT B:
Attachment to item 77Q1:
Exhibits
- - - - - - - - - - - - - - - - - - - - - - - - - - - - -
EXHIBIT A:
Item 77D
The investment objective of the ASMT T. Rowe Price
International Equity Portfolio was changed to long-term
growth of capital. The prior objective was total return
from growth of capital and income.
Disclosure for the ASMT INVESCO Equity Income Portfolio
was revised to indicate that capital growth is an investment
objective of the Portfolio in addition to current income.
The disclosure for the Portfolio was revised so that 65% of
its assets will be invested in common and preferred stocks
rather than solely common stocks. Also, permissible
investment in equity securities that do not pay regular
dividends was increased to 30% from 10%. Disclosure was
removed that limited the Portfolio to investments only in
marketable common stocks and equity securities.
Disclosure was added to the ASMT PIMCO Total Return
Bond Portfolio to allow it to engage in short sales
"against the box."
The current investment policies of the Registrant's
portfolios are described in detail in Amendment No. 3 to the
Registrant's Registration Statement filed on February 29,
2000 and the prospectus and Statement of Additional
Information included as part of Post-Effective Amendment No.
11 to American Skandia Advisor Funds, Inc.'s registration
statement filed on June 9, 2000.
EXHIBIT B:
Item 77 Q1
The Sub-advisory Agreement between American Skandia
Investment Services, Incorporated and J. P. Morgan
Investment Management, Inc. with respect to the ASMT JPM
Money Market Fund is incorporated by reference to Exhibit
d(11) of Post-Effective Amendment No. 3 to the Registrant's
Registration Statement filed on February 29, 2000.
