PRUCO LIFE PRUVIDER VARIABLE APPRECIABLE ACCOUNT
PRUCO LIFE OF NEW JERSEY VARIABLE APPRECIABLE ACCOUNT
PRUVIDER(SM) VARIABLE APPRECIABLE LIFE(R) INSURANCE CONTRACTS
THE PRUDENTIAL SERIES FUND, INC.
Supplement dated January 15, 1999
to the Statement Of Additional Information
Dated May 1, 1998
THE FOLLOWING INFORMATION SUPPLEMENTS THE SECTION ENTITLED "INVESTMENT OBJECTIVE
AND POLICIES OF THE PORTFOLIOS" IN THE STATEMENT OF ADDITIONAL INFORMATION:
EURO
On January 1, 1999, 11 of the 15 member states of the European Monetary
Union introduced the "euro" as a common currency. During a three-year
transitional period, the euro will coexist with each participating state's
currency and, on July 1, 2002, the euro is expected to become the sole
currency of the participating states. During the transition period, The
Prudential Series Fund, Inc. (the "Fund"), will treat the euro as a
separate currency from that of any participating state.
The conversion may adversely affect the Fund if the euro does not take
effect as planned; if a participating state withdraws from the European
Monetary Union; or if the computing, accounting and trading systems used by
the Funds' service providers, or by entities with which the Fund or its
service providers do business, are not capable of recognizing the euro as a
distinct currency at the time of, and following, euro conversion. In
addition, the conversion could cause markets to become more volatile.
The overall effect of the transition of member states' currencies to the
euro is not known at this time. It is likely that more general short- and
long-term ramifications can be expected, such as changes in the economic
environment and change in the behavior of investors, which would affect the
Fund's investments and its net asset value. In addition, although U.S.
Treasury regulations generally provide that the euro conversion will not,
in itself, cause a U.S. taxpayer to realize gain or loss, other changes
that may occur at the time of the conversion, such as accrual periods,
holiday conventions, indices, and other features may require the
realization of a gain or loss by the Fund as determined under existing tax
law.
The Fund's Manager has taken steps: (1) that it believes will reasonably
address euro-related changes to enable the Fund and its service providers
to process transactions accurately and completely with minimal disruption
to business activities and (2) to obtain reasonable assurances that
appropriate steps have been taken by the Fund's other service providers to
address the conversion. The Fund has not borne any expense relating to
these actions.
SVALSAI-2SUP Ed. 1/99
Catalog #64N403L
