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 February 26, 1999 to
Prospectus dated May 1, 1998
The following disclosure replaces in its entirety the fourth paragraph under the
heading, "Investment Objectives and Policies of the Portfolios - Balanced
Portfolios - Flexible Managed Portfolio" in the Prospectus:
The bond portion of this portfolio will primarily be invested
in securities that have a rating at the time of purchase within the
four highest grades determined by Moody's, S&P, or a similar
nationally-recognized rating service. A description of corporate bond
ratings is contained in the Appendix to the statement of additional
information. However, up to 25% of the bond component of this portfolio
may be invested in securities having ratings at the time of purchase of
"BB," "Ba" or lower, or if not rated, of comparable quality in the
opinion of the portfolio manager. These securities are considered
speculative and high risk. The risks of medium to lower rated
securities, are described in the Prospectus in connection with the High
Yield Bond Portfolio. Up to 20% of the bond portion of this portfolio
may be invested in United States currency denominated debt securities
issued outside the United States by foreign or domestic issuers. The
established company common stock component of this portfolio will
consist of the equity securities of major corporations that are
believed to be in sound financial condition. In selecting stocks of
smaller capitalization companies, the portfolio manager may invest in
companies that show above average profitability (measured by
return-on-equity, earnings, and dividend growth rates) with modest
price/earnings ratios or alternatively, in companies whose stock is
undervalued relative to other stocks in the market. The individual
equity selections for this portfolio may have more volatile market
values than the equity securities selected for the Equity Portfolio or
the Conservative Balanced Portfolio. The portfolio may also invest in
preferred stock, including below investment grade preferred stock, and
other equity-related securities. The money market portion of the
portfolio will hold high quality money market instruments of the kind
held by the Money Market Portfolio. Moreover, when conditions dictate a
temporary defensive strategy or during temporary periods of portfolio
structuring and restructuring, the Flexible Managed Portfolio may
invest, without limit, in high quality money market instruments of the
kind held by the Money Market Portfolio.
SVAL-2SUP Ed 2/99
catalog# 64N414I
<PAGE>
The following disclosure replaces in its entirety the seventh paragraph under
the heading, "Investment Objectives and Policies of the Portfolios - Balanced
Portfolios - Flexible Managed Portfolio" in the Prospectus:
The facts that this portfolio will invest in a mix of common
stocks regarded as having higher risks than the mix of common stocks
that will be purchased by the Conservative Balanced Portfolio; that the
bond portion of its portfolio will include a higher percentage of bonds
having ratings at the time of purchase of "BB," "Ba" or lower (or if
unrated, of comparable quality); and that the "normal" mix for this
portfolio will include a higher percentage of stocks all combine to
mean that the risk of investing in this portfolio is relatively higher
- to the extent that each of these factors results in greater risks -
than the risk of investing in the Conservative Balanced Portfolio.
