Dear Discovery Select Contract Holder,
Since you were invested in the Warburg Pincus Post-Venture Capital Portfolio
through the Discovery Select Variable Annuity contract as of March 9, 1999, you
are entitled to vote on a number of issues affecting this portfolio. These
issues are:
1. To approve or disapprove a new investment advisory agreement resulting from
the acquisition of Warburg Pincus by Credit Suisse;
2. To elect new trustees;
3. To approve or disapprove a new sub-advisory agreement for Post-Venture
Capital shareholders;
4. To ratify the selection of PricewaterhouseCoopers LLP as independent
accountants for the 1999 fiscal year.
These four issues are described in greater detail in the attached Warburg Pincus
proxy notification. As a valued Prudential customer, we encourage you to take
the time to read the attached materials and exercise your important right to
vote.
At Prudential, customer satisfaction is our priority. We are committed to
communicating important issues concerning your investment. As a result, next
month, you will receive an updated Discovery Select prospectus that will
introduce our new product enhancements.
If you have any questions, please contact the Annuity Service Center at
(888) 778-2888. Thank you for your business.
Sincerely,
/s/ Joel Kesner
Joel Kesner
Senior Vice President
Director of Annuities
