PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT, 485APOS, 1999-08-24

PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
485APOS, 1999-08-24

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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 24, 1999

REGISTRATION NO. 333-06701
================================================================================

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

----------

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
PRE-EFFECTIVE AMENDMENT NO. ___ [_]
POST-EFFECTIVE AMENDMENT NO. 7 [X]
AND
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [_]
POST-EFFECTIVE AMENDMENT NO. 9 [X]
(Check appropriate box or boxes)

----------

PRUCO LIFE FLEXIBLE PREMIUM VARIABLE
ANNUITY ACCOUNT
(Exact Name of Registrant)

PRUCO LIFE INSURANCE COMPANY
(Name of Depositor)

213 WASHINGTON STREET
NEWARK, NEW JERSEY 07102-2992
(888) PRU-2888
(Address and telephone number of depositor's principal executive offices)

----------

THOMAS C. CASTANO
ASSISTANT SECRETARY
PRUCO LIFE INSURANCE COMPANY
213 WASHINGTON STREET
NEWARK, NEW JERSEY 07102-2992
(Name and address of agent for service)

Copies to:

CHRISTOPHER E. PALMER LEE D. AUGSBURGER
SHEA & GARDNER ASSISTANT GENERAL COUNSEL
1800 MASSACHUSETTS AVENUE, N.W. THE PRUDENTIAL INSURANCE COMPANY
WASHINGTON, D.C. 20036 OF AMERICA
(202) 828-2093 751 BROAD STREET
NEWARK, NEW JERSEY 07102
(973) 367-1388

It is proposed that this filing will become effective (Check appropriate space):
[_] immediately upon filing pursuant to paragraph (b) of Rule 485
[ ] on ________ pursuant to paragraph (b) of Rule 485
[_] 60 days after filing pursuant to paragraph (a)(1) of Rule 485

[_] on October 25, 1999 pursuant to paragraph (a)(1) of Rule 485

If appropriate, check the following box:
[_] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.

Title of Securities Being Registered:
Interests in Individual Variable Annuity Contracts

================================================================================

<PAGE>

CROSS REFERENCE SHEET

(AS REQUIRED BY RULE 495(A) UNDER THE 1933 ACT)

N-4 ITEM NUMBER AND CAPTION LOCATION
--------------------------- --------

PART A
------
<S> <C>
1. Cover Page......................................Cover Page

2. Definitions ....................................Glossary

3. Synopsis or Highlights..........................Summary

4. Condensed Financial Information.................Accumulation Unit Values Chart

5. General Description of Registrant,
Depositor, and Portfolio........................Cover Page; (Pruco Life Insurance Company, The Separate Account); What
Investment Options Can I Choose?; Other Information
6. Deductions and Expenses.........................Summary; Summary of Contract Expenses; What are the Expenses Associated with
the Discovery Select Contract?; Other Information (Sale of the Contract;
Distributor)

7. General Description of Variable
Annuity Contract...............................Cover Page; Summary; Glossary; What is the Discovery Select Variable
Annuity?; What Investment Options Can I Choose?; Other Information

8. Annuity Period..................................Summary; What kind of Payments will I Receive during the Income Phase?

9. Death Benefit...................................Summary; What is the Death Benefit? 10. Purchases and Contract Value
Summary; What is the Discovery Select Variable Annuity?; Calculating
Contract Value

11. Redemptions.....................................Summary; How Can I Access My Money?; Short Term Cancellation Right or
"Free Look"
12. Taxes...........................................Summary; What are the Tax Considerations Associated with the Discovery
Select Contract?

13. Legal Proceedings...............................Litigation

14. Table of Contents of the Statement of
Additional Information.........................Other Information

PART B
------

15. Cover Page......................................Cover Page

16. Table of Contents...............................Table of Contents

17. General Information and History.................Cover Page; Company

18. Services........................................Performance Information

19. Purchase of Securities Being Offered............Part A: Summary; How Can I Purchase A Discovery Select Contract?

20. Underwriters....................................Part A: Other Information; Part B: Distribution of Discovery Select

21. Calculation of Performance Data.................Appendix A: Performance Information

22. Annuity Payments................................Part A: What Kind of Payments Will I Receive During the Income Phase?

PART C
------

23. Financial Statements............................Part B: Discovery Select Financial Information; Pruco Life Financial
Information

Information required to be included in Part C is set forth under the
appropriate Item, so numbered in Part C to this Registration Statement.

</TABLE>

<PAGE>

PART A

INFORMATION REQUIRED IN A PROSPECTUS

<PAGE>

DISCOVERY SELECT(R)
- --------------------------------------------------------------------------------
Variable Annuity
- --------------------------------------------------------------------------------

PROSPECTUS: OCTOBER 25, 1999

THIS PROSPECTUS DESCRIBES AN INDIVIDUAL VARIABLE ANNUITY CONTRACT OFFERED BY
PRUCO LIFE INSURANCE COMPANY (PRUCO LIFE). PRUCO LIFE IS A WHOLLY OWNED
SUBSIDIARY OF THE PRUDENTIAL INSURANCE COMPANY OF AMERICA.

THE FUNDS
- ---------

Discovery Select offers a wide variety of investment choices, including 24
variable investment options that invest in mutual funds managed by these leading
asset managers.

PRUDENTIAL INVESTMENTS
AIM ADVISORS
AMERICAN CENTURY
FRANKLIN ADVISERS
JANUS CAPITAL
MFS
OPPENHEIMER CAPITAL
T. ROWE PRICE
WARBURG PINCUS

PLEASE READ THIS PROSPECTUS
- ---------------------------

Please read this prospectus before purchasing a Discovery Select variable
annuity contract and keep it for future reference. Current prospectuses for each
of the underlying mutual funds accompany this prospectus. These prospectuses
contain important information about the mutual funds. Please read these
prospectuses and keep them for reference.

TO LEARN MORE ABOUT DISCOVERY SELECT
- ------------------------------------

To learn more about the Discovery Select variable annuity, you can request a
copy of the Statement of Additional Information (SAI) dated October 25, 1999.
The SAI has been filed with the Securities and Exchange Commission (SEC) and is
legally a part of this prospectus. Pruco Life also files other reports with the
SEC. All of these filings can be reviewed and copied at the SEC's offices, and
can also be obtained from the SEC's Public Reference Section, 450-5th Street
N.W., Washington, D.C. 20549. The SEC also maintains a Web site
(http://www.sec.gov) that contains the Discovery Select SAI, material
incorporated by reference, and other information regarding registrants that file
electronically with the SEC. The Table of Contents of the SAI is on Page 33 of
this prospectus.

FOR A FREE COPY OF THE SAI CALL US AT:

- --> (888) PRU-2888 or write to us at:

- --> Pruco Life Insurance Company
213 Washington Street
Newark, New Jersey 07102-2992

- --> Prudential Annuity Service Center
P.O. Box 14215
New Brunswick, New Jersey 08906

THE SEC HAS NOT DETERMINED THAT THIS CONTRACT IS A GOOD INVESTMENT, NOR HAS THE
SEC DETERMINED THAT THIS PROSPECTUS IS COMPLETE OR ACCURATE. IT IS A CRIMINAL
OFFENSE TO STATE OTHERWISE. INVESTMENT IN A VARIABLE ANNUITY CONTRACT IS SUBJECT
TO RISK, INCLUDING THE POSSIBLE LOSS OF YOUR MONEY. AN INVESTMENT IN DISCOVERY
SELECT IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY.

1
<PAGE>

Contents
- --------------------------------------------------------------------------------

PART I: DISCOVERY SELECT PROSPECTUS

SUMMARY

Glossary..........................................4
Summary ..........................................5
Summary of Contract Expenses......................7
Expense Examples..................................9

PART II: DISCOVERY SELECT PROSPECTUS

SECTIONS 1-10

Section 1: What is the Discovery Select
Variable Annuity?................................12
Short Term Cancellation Right or "Free Look".....12

Section 2: What Investment Options
Can I Choose?....................................13
Variable Investment Options......................13
Fixed Interest-Rate Options......................14
Transfers Among Options..........................14
Dollar Cost Averaging............................14
Asset Allocation Program.........................15
Auto-Rebalancing.................................15
Voting Rights....................................15
Substitution.....................................15

Section 3: What Kind of Payments Will I Receive
During the Income Phase?(Annuitization)..........16
Payment Provisions...............................16
Option 1: Annuity Payments for a
Fixed Period................................16
Option 2: Life Annuity with 120 Payments
(10 Years) Certain..........................16
Option 3: Interest Payment Option................16
Option 4: Other Annuity Options..................16

Section 4: What is the Death Benefit?............17
Beneficiary......................................17
Calculation of the Death Benefit.................17

Section 5: What is the Retirement
Income Guarantee?..................................

Section 6: How Can I Purchase a Discovery

Select Contract?...................................
Purchase Payments..................................
Allocation of Purchase Payments....................
Calculating Contract Value.........................

Section 7: What are the Expenses Associated
with the Discovery Select Contract?................

Insurance Charges..................................
Annual Contract Fee................................
Withdrawal Charge..................................
Critical Care Access...............................
Premium Taxes......................................
Transfer Fee.......................................
Company Taxes......................................

Section 8: How Can I Access My Money?..............

Automated Withdrawals..............................
Suspension of Payments or Transfers................

Section 9: What are the Tax Considerations
Associated with the Discovery Select Contract?.....

Taxes Payable by You...............................
Taxes on Withdrawals and Surrender.................
Taxes on Annuity Payments..........................
Penalty Taxes on Withdrawals and
Annuity Payments .............................
Taxes Payable by Beneficiaries.....................
Withholding of Tax from Distributions..............
Annuity Qualification..............................
Diversification and Investor Control...............
Required Distributions Upon Your Death.............
Changes in the Contract............................
Additional Information.............................
Contracts Held by Tax Favored Plans................

Section 10: Other Information......................

Pruco Life Insurance Company.......................
The Separate Account...............................
Experts............................................
Sale of the Contract and Distributor...............
Assignment.........................................
Financial Statements...............................
Year 2000 Compliance...............................
Statement of Additional Information................
Accumulation Unit Values...........................

Market-Value Adjustment Formula ...................

PART III: VARIABLE INVESTMENT OPTIONS'

PROSPECTUSES

The Prudential Series Fund.........................
AIM Variable Insurance Funds, Inc..................
American Century Variable Portfolios, Inc..........
Janus Aspen Series.................................
MFS Variable Insurance Trust.......................
OCC Accumulation Trust.............................
Templeton Variable Products Series Fund............
T. Rowe Price......................................
Warburg Pincus Trust...............................

2
<PAGE>

Glossary
- --------------------------------------------------------------------------------

WE HAVE TRIED TO MAKE THIS PROSPECTUS AS EASY TO READ AND UNDERSTAND AS
POSSIBLE. BY THE NATURE OF THE CONTRACT, HOWEVER, CERTAIN TECHNICAL WORDS OR
TERMS ARE UNAVOIDABLE. WE HAVE IDENTIFIED THE FOLLOWING AS SOME OF THESE WORDS
OR TERMS.

ACCUMULATION PHASE
- ------------------
The period that begins with the contract date (see below definition) and ends
when you start receiving income payments or earlier if the contract is
terminated through a full withdrawal or payment of a death benefit.

ANNUITANT
- ---------
The person whose life determines how long the contract lasts and the amount of
income payments that will be paid.

ANNUITY DATE
- ------------
The date when income payments are scheduled to begin.

BENEFICIARY
- -----------
The person(s) or entity you have chosen to receive a death benefit.

CASH VALUE
- ----------
This is the total value of your contract minus any withdrawal charge(s) or
market-value adjustment, if applicable.

CONTRACT DATE
- -------------
The date we receive your initial purchase payment and all necessary paperwork in
good order at the Prudential Annuity Service Center. Contract anniversaries are
measured from the contract date. A contract year starts on the contract date or
on a contract anniversary.

CONTRACT OWNER, OWNER OR YOU
- ----------------------------
The person entitled to the ownership rights under the contract.

CONTRACT VALUE
- --------------
The total value of the amounts in a contract allocated to the variable
investment options and the interest-rate options as of a particular date.

DEATH BENEFIT
- -------------
If the sole or last surviving annuitant dies, the designated person(s) or the
beneficiary, will receive, at a minimum, the total amount invested or a
potentially greater amount related to market appreciation. See "What is the
Death Benefit?" on page 17.

INCOME OPTIONS
- --------------
Options under the contract that define the frequency and duration of income
payments. In your contract, these are referred to as payout or annuity options.

INTEREST-RATE OPTION
- --------------------
An investment option that offers a fixed-rate of interest for either a one-year
(fixed-rate option) or a seven-year period (market-value adjustment option).

PRUDENTIAL ANNUITY SERVICE CENTER
- ---------------------------------
P.O. Box 14215, New Brunswick, New Jersey, 08906. The phone number is
1-888-PRU-2888.

PURCHASE PAYMENTS
- -----------------
The amount of money you pay us to purchase the contract. Generally, you can make
additional purchase payments at any time during the accumulation phase.

RETIREMENT INCOME GUARANTEE
- ---------------------------
The Retirement Income Guarantee (RIG) is a feature which provides the option to
receive guaranteed minimum income benefits with payments for life with a period
certain.

SEPARATE ACCOUNT
- ----------------
Purchase payments allocated to the variable investment options are held by us in
a separate account called the Pruco Life Flexible Premium Variable Annuity
Account. The Separate Account is set apart from all of the general assets of
Pruco Life.

TAX DEFERRAL
- ------------
This is a way to increase your assets without currently being taxed. You do not
pay taxes on your contract earnings until you take money out of your contract.

VARIABLE INVESTMENT OPTION
- --------------------------
When you choose a variable investment option, we purchase shares of the mutual
fund which are held as an investment for that option. We hold these shares in
the Separate Account. The division of the Separate Account of Pruco Life that
invests in a particular mutual fund is referred to in your contract as a
subaccount.

3
<PAGE>

[BLANK]

4
<PAGE>

Summary of Sections 1-10
- --------------------------------------------------------------------------------

FOR A MORE COMPLETE DISCUSSION OF THE FOLLOWING TOPICS, SEE THE CORRESPONDING
SECTION IN THE PROSPECTUS.

SECTION 1

WHAT IS THE DISCOVERY SELECT VARIABLE ANNUITY?

This variable annuity contract, offered by Pruco Life, is a contract between
you, as the owner, and us. The contract allows you to invest on a tax-deferred
basis in one or more of 24 variable investment options. There are also two fixed
interest rate options which are available in most states. The contract is
intended for retirement savings or other long-term investment purposes and
provides a death benefit and guaranteed income options.

The variable investment options are designed to offer the opportunity over
the long term for a better return than the fixed interest rate option. However,
this is NOT guaranteed. It is possible, due to market changes, that your
investments may decrease in value.

The fixed interest-rate options offer an interest rate that is guaranteed.
While your money is in the fixed account, your principal amount is guaranteed
and the interest amount that your money will earn is guaranteed by us to always
be at least 3.0%. Payments allocated to the fixed interest-rate options become
part of Pruco Life's general assets. As a result, the strength of our guarantee
is based on the overall financial strength of Pruco Life.

You can invest your money in any or all of the variable investment options
and the interest-rate options. You are allowed 12 transfers each contract year
among the variable investment options, without a charge. There are certain
restrictions on transfers involving the interest-rate options.

The contract, like all deferred annuity contracts, has two phases: the
accumulation phase and the income phase. During the accumulation phase, earnings
grow on a tax-deferred basis and are taxed as income when you make a withdrawal.
The income phase starts when you begin receiving regular payments from your
contract. The amount of money you are able to accumulate in your contract during
the accumulation phase will help determine the amount of payments you will
receive during the income phase. Other factors will affect the amount of your
payments such as, age, gender and the payout option you selected.

For an additional charge, you can elect the Retirement Income Guarantee
which guarantees a minimum level of annuity payments during the income phase of
your contract.

Free Look. If you change your mind about owning Discovery Select, you may cancel
your contract within 10 days after receiving it (or whatever time period is
required in the state where the contract was issued).

SECTION 2

WHAT INVESTMENT OPTIONS CAN I CHOOSE?

You can invest your money in any or all of the variable investment options that
invest in the mutual funds described in the fund prospectuses provided with this
prospectus:

THE PRUDENTIAL SERIES FUND

Diversified Bond Portfolio
Diversified Conservative Growth Portfolio
Equity Income Portfolio
Equity Portfolio
Global Portfolio
High Yield Bond Portfolio
Money Market Portfolio
Prudential Jennison Portfolio
Small Capitalization Stock Portfolio
Stock Index Portfolio
20/20 Focus Portfolio

AIM VARIABLE INSURANCE FUNDS, INC.

AIM V.I. Growth and Income Fund
AIM V.I. Value Fund

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

American Century VP Value

JANUS ASPEN SERIES

Growth Portfolio
International Growth Portfolio

MFS VARIABLE INSURANCE TRUST

Emerging Growth Series
Research Series

OCC ACCUMULATION TRUST

Managed Portfolio
Small Cap Portfolio

5
<PAGE>

Summary of Sections 1-10 continued
- --------------------------------------------------------------------------------

TEMPLETON VARIABLE PRODUCTS SERIES FUND

Franklin Small Cap Investments Fund - Class 2

T.ROWE PRICE

Equity Series - Equity Income Portfolio
International Series - International Stock Portfolio

WARBURG PINCUS Trust

Post-Venture Capital Portfolio

Depending upon market conditions, you may earn or lose money in any of these
options. The value of your contract will fluctuate depending upon the investment
performance of the mutual funds used by the variable investment options you
choose. Performance information for the variable investment options is provided
in the Statement of Additional Information (SAI). Past performance is not a
guarantee of future results.

You can also put your money into one or both of the interest-rate options.
The market value adjustment option is not available to residents of Maryland,
Oregon and Washington.

SECTION 3

WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE INCOME PHASE? (ANNUITIZATION)

If you want to receive regular income from your annuity, you can choose one of
several options, including guaranteed payments for the annuitant's lifetime.
Once you begin receiving regular payments, you cannot change your payment plan.

SECTION 4

WHAT IS THE DEATH BENEFIT?

If the sole or last surviving annuitant dies, the designated person(s) or the
beneficiary will receive at a minimum, the total amount invested or a
potentially greater amount related to market appreciation.

SECTION 5

WHAT IS THE RETIREMENT INCOME GUARANTEE?

The Retirement Income Guarantee is an optional feature that guarantees a minimum
level of annuity payments during the income phase of your contract. If you elect
the Retirement Income Guarantee feature, the amount used to provide the income
is locked in and applied to guaranteed annuity purchase rates in order to
calculate the guaranteed minimum income payments. If the annuity payment that
you would receive without this feature would be greater, your income payments
will reflect this higher amount.

SECTION 6

HOW CAN I PURCHASE A DISCOVERY SELECT ANNUITY CONTRACT?

You can purchase this contract, under most circumstances, with a minimum initial
purchase payment of $10,000. You can add $1,000 or more at any time during the
accumulation phase of the contract. Your representative can help you fill out
the proper forms.

SECTION 7

WHAT ARE THE EXPENSES ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT?

The contract has insurance features and investment features, and there are costs
related to each.

Each year we deduct a $30 contract maintenance charge if your contract value
is less than $50,000. For insurance and administrative costs, we also deduct an
annual charge of 1.40% of the average daily value of all assets allocated to the
variable investment options. This charge is not assessed against amounts
allocated to the interest-rate investment options.

There are a few states/jurisdictions that assess a premium tax when you
begin receiving regular income payments from your annuity. In those states, we
will impose a required premium tax charge which can range up to 5%.

There are also charges associated with the mutual funds. The annual charges
of the mutual funds currently range from 0.37% to 1.40% of a fund's average
daily assets.

SECTION 8

HOW CAN I ACCESS MY MONEY?

You may take money out at any time during the accumulation phase. Each year, you
may withdraw up to 10% of your total purchase payments without charge.
Withdrawals greater than 10% of your purchase payments will be subject to a
withdrawal charge. This charge decreases 1% each year. After the 7th year, there
is no charge for a withdrawal. You may also be subject to income tax and a tax
penalty if you make an early withdrawal.

6
<PAGE>

SECTION 9

WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT?

Your earnings are not taxed until withdrawn. If you take money out during the
accumulation phase, earnings are withdrawn first and are taxed as income. If you
are younger than 59 1/2 when you take money out, you may be charged a 10%
federal tax penalty on the earnings in addition to ordinary taxation. A portion
of the payments you receive during the income phase is considered partly a
return of your original investment. As a result, that portion of each payment is
not taxable as income. Generally, all amounts withdrawn from IRA contracts are
fully taxable and subject to the 10% penalty if withdrawn prior to age 59 1/2.

SECTION 10

OTHER INFORMATION

This contract is issued by Pruco Life, a subsidiary of The Prudential Insurance
Company of America.

7
<PAGE>
Summary of Contract Expenses
- --------------------------------------------------------------------------------

THE PURPOSE OF THIS SUMMARY IS TO HELP YOU TO UNDERSTAND THE COSTS YOU WILL PAY
FOR DISCOVERY SELECT. THIS SUMMARY INCLUDES THE EXPENSES OF THE MUTUAL FUNDS
USED BY THE VARIABLE INVESTMENT OPTIONS BUT DOES NOT INCLUDE CHARGES FOR ANY
PREMIUM TAXES THAT MIGHT BE APPLICABLE IN YOUR STATE.

FOR MORE DETAILED INFORMATION:

More detailed information can be found on page 25 under the section
called, "What Are The Expenses Associated With The Discovery Select Variable
Annuity?" For more detailed expense information about the mutual funds, please
refer to the individual fund prospectuses which you will find at the back of
this prospectus.

TRANSACTION EXPENSES
- ------------------------------------------------
WITHDRAWAL CHARGE (SEE NOTE 1 BELOW)
- ------------------------------------------------
During contract year 1 7%
During contract year 2 6%
During contract year 3 5%
During contract year 4 4%
During contract year 5 3%
During contract year 6 2%
During contract year 7 1%

After contract year 7 0%

TRANSFER FEE (SEE NOTE 2 BELOW)
- ------------------------------------------------
first 12 transfers per year $ 0.00
each transfer after 12 $ 25.00

ANNUAL CONTRACT FEE AND CONTRACT FEE UPON FULL
WITHDRAWAL (SEE NOTE 3 BELOW)

- ------------------------------------------------
$ 30.00

ANNUAL ACCOUNT EXPENSES
- ------------------------------------------------------
AS A PERCENTAGE OF THE AVERAGE ACCOUNT VALUE
Mortality and Expense Risk: 1.25%
Administrative Fee: 0.15%
Total: 1.40%

Retirement Income Guarantee 0.25% (SEE NOTE 4 BELOW)

NOTE 1: AS OF THE BEGINNING OF THE CONTRACT YEAR, YOU MAY WITHDRAW UP TO 10% OF
THE TOTAL PURCHASE PAYMENTS PLUS ANY CHARGE-FREE AMOUNT CARRIED OVER FROM THE
PREVIOUS CONTRACT YEAR WITHOUT CHARGE. THERE IS NO WITHDRAWAL CHARGE ON ANY
WITHDRAWALS MADE UNDER THE CRITICAL CARE ACCESS OPTION (SEE PAGE 20) OR ON ANY
AMOUNT USED TO PROVIDE INCOME UNDER THE LIFE ANNUITY WITH 120 PAYMENTS (10
YEARS) CERTAIN OPTION. (SEE PAGE 16). SURRENDER CHARGES ARE WAIVED WHEN A DEATH
BENEFIT IS PAID. THERE WILL BE A REDUCTION IN THE WITHDRAWAL CHARGE FOR
CONTRACTS ISSUED TO CONTRACTOWNERS WHOSE AGE AT ISSUE IS 84 AND OLDER.

NOTE 2: YOU WILL NOT BE CHARGED FOR TRANSFERS MADE IN CONNECTION WITH DOLLAR
COST AVERAGING AND AUTO-REBALANCING

NOTE 3: THIS CHARGE WILL NOT BE MADE ON WITHDRAWALS IF THE VALUE OF YOUR
CONTRACT IS $50,000 OR MORE, OR IF THE WITHDRAWALS ARE MADE UNDER THE CRITICAL
CARE ACCESS OPTION.

NOTE 4. THE RETIREMENT INCOME GUARANTEE CHARGE IS MADE ONLY WHEN YOU ELECT THIS
FEATURE. THE FEE IS BASED ON THE AVERAGE DAILY PROTECTED VALUE.

NOTES FOR ANNUAL MUTUAL FUND EXPENSES:

THESE EXPENSES ARE BASED ON THE HISTORICAL FUND EXPENSES FOR THE YEAR ENDED
DECEMBER 31, 1998, EXCEPT AS INDICATED. FUND EXPENSES ARE NOT FIXED OR
GUARANTEED BY THE DISCOVERY SELECT CONTRACT AND MAY VARY FROM YEAR TO YEAR.

(1) THE PRUDENTIAL SERIES FUND

BECAUSE THIS IS THE FIRST YEAR OF OPERATION FOR DIVERSIFIED CONSERVATIVE GROWTH
PORTFOLIO AND THE 20/20 FOCUS PORTFOLIO OTHER EXPENSES ARE ESTIMATED BASED ON
MANAGEMENT'S PROJECTION OF NON-MANAGEMENT FEE EXPENSES.

(2) AMERICAN CENTURY VARIABLE PORTFOLIOS INC. AND T. ROWE PRICE FUNDS

INVESTMENT MANAGEMENT FEES INCLUDE ORDINARY EXPENSES OF OPERATING THE FUNDS.

(3) JANUS ASPEN SERIES

FEE REDUCTIONS REDUCE THE INVESTMENT MANAGEMENT FEE TO THE LEVELS OF THE
CORRESPONDING JANUS RETAIL FUND. JANUS HAS AGREED TO CONTINUE THE APPLICABLE
WAIVERS AND FEE REDUCTIONS UNTIL AT LEAST THE NEXT ANNUAL RENEWAL OF THE
ADVISORY AGREEMENT.

(4) TEMPLETON VARIABLE PRODUCTS SERIES FUND

FIGURES REFLECT EXPENSES FROM THE FUND'S INCEPTION ON MAY 1, 1998 AND ARE
ANNUALIZED. THE MANAGER AGREED IN ADVANCE TO LIMIT MANAGEMENT FEES AND MAKE
CERTAIN PAYMENTS TO REDUCE THE FUND'S EXPENSES AS NECESSARY SO THAT TOTAL ACTUAL
EXPENSES DID NOT EXCEED 1.25% OF THE FUND'S CLASS 2 NET ASSETS IN 1998. THE
MANAGER IS CONTRACTUALLY OBLIGATED TO CONTINUE THIS ARRANGEMENT THROUGH 1999.
INVESTMENT MANAGEMENT FEES AND OTHER EXPENSES IN 1998 AFTER THESE WAIVERS WERE
0.15% AND 1.25%. THE FUND MAINTAINS A DISTRIBUTION OR "12B-1 PLAN" FOR CLASS 2
WITH A MAXIMUM ANNUAL OF 0.25% WHICH IS INCLUDED IN OTHER EXPENSES AND IS
DISCUSSED IN THE FUND'S PROSPECTUS.

(5) WARBURG PINCUS TRUST

ACTUAL FEES AND EXPENSES FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998 WERE 1.08%
AND 0.32% FOR INVESTMENT MANAGEMENT FEES AND OTHER EXPENSES, RESPECTIVELY. FEE
WAIVERS AND EXPENSE REIMBURSEMENT OR CREDITS REDUCED FEES AND EXPENSES DURING
1998 BUT MAY BE DISCONTINUED AT ANY TIME.

8
<PAGE>
<TABLE>
<CAPTION>

ANNUAL MUTUAL FUND EXPENSES (AFTER REIMBURSEMENT, IF ANY):
- -----------------------------------------------------------------------------------------------------------------------

AS A PERCENTAGE OF EACH PORTFOLIO'S AVERAGE DAILY NET ASSETS

- -----------------------------------------------------------------------------------------------------------------------
INVESTMENT OTHER TOTAL CONTRACTUAL TOTAL ACTUAL
MANAGEMENT FEE EXPENSES EXPENSES EXPENSES*
THE PRUDENTIAL SERIES FUND(1)
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Diversified Bond Portfolio 0.40% 0.02% 0.42% 0.42%
Diversified Conservative Growth Portfolio 0.75% 0.20% 0.95% 0.95%
Equity Income Portfolio 0.40% 0.02% 0.42% 0.42%
Equity Portfolio 0.45% 0.02% 0.47% 0.47%
Global Portfolio 0.75% 0.11% 0.86% 0.86%
High Yield Bond Portfolio 0.55% 0.03% 0.58% 0.58%
Money Market Portfolio 0.40% 0.01% 0.41% 0.41%
Prudential Jennison Portfolio 0.60% 0.03% 0.63% 0.63%
Small Capitalization Stock Portfolio 0.40% 0.07% 0.47% 0.47%
Stock Index Portfolio 0.35% 0.02% 0.37% 0.37%
20/20 Focus Portfolio 0.75% 0.20% 0.95% 0.95%

AIM VARIABLE INSURANCE FUNDS, INC.
- -----------------------------------------------------------------------------------------------------------------------

AIM V.I. Growth and Income Fund 0.61% 0.04% 0.65% 0.65%
AIM V.I. Value Fund 0.61% 0.05% 0.66% 0.66%

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC(2)
- -----------------------------------------------------------------------------------------------------------------------

American Century VP Value 1.00% 0.00% 1.00% 1.00%

JANUS ASPEN SERIES(3)
- -----------------------------------------------------------------------------------------------------------------------

Growth Portfolio 0.72% 0.03% 0.75% 0.68%
International Growth Portfolio 0.75% 0.20% 0.95% 0.86%

MFS VARIABLE INSURANCE TRUST
- -----------------------------------------------------------------------------------------------------------------------

Emerging Growth Series 0.75% 0.10% 0.85% 0.85%
Research Series 0.75% 0.11% 0.86% 0.86%

OCC ACCUMULATION TRUST
- -----------------------------------------------------------------------------------------------------------------------

Managed Portfolio 0.78% 0.04% 0.82% 0.82%
Small Cap Portfolio 0.80% 0.08% 0.88% 0.88%

TEMPLETON VARIABLE PRODUCTS SERIES FUND(4)
- -----------------------------------------------------------------------------------------------------------------------

Franklin Small Cap Investments Fund - Class 2 0.75% 1.25% 2.00% 1.25%

T. ROWE PRICE(2)
- -----------------------------------------------------------------------------------------------------------------------

Equity Series - Equity Income Portfolio 0.85% 0.00% 0.85% 0.85%
International Series -
International Stock Portfolio 1.05% 0.00% 1.05% 1.05%

WARBURG PINCUS TRUST(5)
- -----------------------------------------------------------------------------------------------------------------------

Post-Venture Capital Portfolio 1.25% 0.45% 1.70% 1.40%
</TABLE>

* REFLECTS THE EFFECT MANAGEMENT FEE WAIVERS AND REIMBURSEMENT OF EXPENSES, IF
ANY. SEE NOTES ON PAGE 7.

THE "EXPENSES EXAMPLES" ON THE FOLLOWING PAGES ARE CALCULATED USING THE TOTAL
ACTUAL EXPENSES.

9
<PAGE>

Expense Examples
- --------------------------------------------------------------------------------

THESE EXAMPLES WILL HELP YOU COMPARE THE FEES AND EXPENSES OF THE DIFFERENT
VARIABLE INVESTMENT OPTIONS OFFERED BY DISCOVERY SELECT. YOU CAN ALSO USE THE
EXAMPLES TO COMPARE THE COST OF DISCOVERY SELECT WITH OTHER VARIABLE ANNUITY
CONTRACTS.

EXAMPLE 1: IF YOU WITHDRAW YOUR ASSETS

Example 1 assumes that you invest $10,000 in Discovery Select and that you
allocate all of your assets to one of the variable investment options and
withdraw all your assets at the end of the time period indicated. The example
also assumes that your investment has a 5% return each year and that the mutual
fund's operating expenses remain the same. Your actual costs may be higher or
lower.

Example 1a: is the same as Example 1, but assumes that you have elected the
Retirement Income Guarantee.

EXAMPLE 2: IF DO NOT YOU WITHDRAW YOUR ASSETS

Example 2 assumes that you invest $10,000 in Discovery Select and allocate all
of your assets to one of the variable investment options and do not withdraw any
of your assets at the end of the time period indicated. The example also assumes
that your investment has a 5% return each year and that the mutual fund's
operating expenses remain the same. Your actual costs may be higher or lower.

Example 2a is the same as Example 2, but assumes that you have elected the
Retirement Income Guarantee.

On the following page are examples of what your costs would be using these
assumptions.

NOTES FOR ANNUAL MUTUAL FUND EXPENSES:

THESE EXAMPLES SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN.

THE CHARGES SHOWN IN THE 10 YEAR COLUMN ARE THE SAME FOR EXAMPLE 1 AND EXAMPLE
2. THIS IS BECAUSE AFTER 10 YEARS THE WITHDRAWAL CHARGES ARE NO LONGER DEDUCTED
BY US WHEN YOU MAKE A WITHDRAWAL OR WHEN YOU BEGIN THE INCOME PHASE OF YOUR
CONTRACT.

IF YOUR CONTRACT VALUE IS LESS THAN $50,000, ON YOUR CONTRACT ANNIVERSARY (AND
UPON A SURRENDER), WE DEDUCT A $30 FEE. THE EXAMPLES USE AN AVERAGE NUMBER AS
THE AMOUNT OF THE ANNUAL CONTRACT FEE. THIS AMOUNT WAS CALCULATED BY TAKING THE
TOTAL ANNUAL CONTRACT FEES COLLECTED IN 1998 AND THEN DIVIDING THAT NUMBER BY
THE TOTAL ASSETS ALLOCATED TO THE VARIABLE INVESTMENT OPTIONS. BASED ON THIS
CALCULATION THE ANNUAL CONTRACT FEE IS INCLUDED AS AN ANNUAL CHARGE OF .023% OF
CONTRACT VALUE.

YOUR ACTUAL FEES WILL VARY BASED ON THE AMOUNT OF YOUR CONTRACT AND YOUR
SPECIFIC ALLOCATION(S). A TABLE OF ACCUMULATION UNIT VALUES OF INTERESTS IN EACH
VARIABLE INVESTMENT OPTION, APPEARS ON PAGE 31. PREMIUM TAXES ARE NOT REFLECTED.
IN THESE EXAMPLES. PREMIUM TAXES MAY APPLY DEPENDING ON THE STATE WHERE YOU
LIVE.

10
<PAGE>
<TABLE>
<CAPTION>
EXPENSE EXAMPLES 1 AND 2
- --------------------------------------------------------------------------------------------------------------------------

EXAMPLE 1: EXAMPLE 2:
IF YOU WITHDRAW YOUR ASSETS IF YOU DO NOT WITHDRAW YOUR ASSETS
------------------------------- ----------------------------------
1 YR 3 YRS 5 YRS 10 YRS 1 YR 3 YRS 5 YRS 10 YRS

THE PRUDENTIAL SERIES FUND
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Diversified Bond Portfolio $817 $930 $1147 $2162 $187 $580 $997 $2162
Diversified Conservative Growth Portfolio $870 $1090 $1417 $2709 $240 $740 $1267 $2709
Equity Income Portfolio $817 $930 $1147 $2162 $187 $580 $997 $2162
Equity Portfolio $822 $945 $1173 $2215 $192 $595 $1023 $2215
Global Portfolio $861 $1063 $1372 $2618 $231 $713 $1222 $2618
High Yield Bond Portfolio $833 $978 $1229 $2330 $203 $628 $1079 $2330
Money Market Portfolio $816 $926 $1142 $2151 $186 $576 $992 $2151
Prudential Jennison Portfolio $838 $994 $1255 $2382 $208 $644 $1105 $2382
Small Capitalization Stock Portfolio $822 $945 $1173 $2215 $192 $595 $1023 $2215
Stock Index Portfolio $812 $914 $1121 $2108 $182 $564 $971 $2108
20/20 Focus Portfolio $870 $1090 $1417 $2709 $240 $740 $1267 $2709

AIM VARIABLE INSURANCE FUNDS, INC.
- --------------------------------------------------------------------------------------------------------------------------
AIM V.I. Growth and Income Fund $840 $1000 $1265 $2403 $210 $650 $1115 $2403
AIM V.I. Value Fund $841 $1003 $1270 $2414 $211 $653 $1120 $2414

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
- --------------------------------------------------------------------------------------------------------------------------
American Century VP Value $875 $1105 $1442 $2759 $245 $755 $1292 $2759

JANUS ASPEN SERIES
- --------------------------------------------------------------------------------------------------------------------------
Growth Portfolio $843 $1009 $1280 $2434 $213 $659 $1130 $2434
International Growth Portfolio $861 $1063 $1372 $2618 $231 $713 $1222 $2618

MFS VARIABLE INSURANCE TRUST
- --------------------------------------------------------------------------------------------------------------------------
Emerging Growth Series $860 $1060 $1367 $2608 $230 $710 $1217 $2608
Research Series $861 $1063 $1372 $2618 $231 $713 $1222 $2618

OCC ACCUMULATION TRUST
- --------------------------------------------------------------------------------------------------------------------------
Managed Portfolio $857 $1051 $1351 $2578 $227 $701 $1201 $2578
Small Cap Portfolio $863 $1069 $1382 $2639 $233 $719 $1232 $2639

TEMPLETON VARIABLE PRODUCTS SERIES FUND
- --------------------------------------------------------------------------------------------------------------------------
Franklin Small Cap Investments
Fund - Class 2 $900 $1180 $1566 $3006 $270 $830 $1416 $3006

T.ROWE PRICE
- --------------------------------------------------------------------------------------------------------------------------
Equity Series - Equity Income Portfolio $860 $1060 $1367 $2608 $230 $710 $1217 $2608
International Series -
Intn'l Stock Portfolio $880 $1120 $1467 $2809 $250 $770 $1317 $2809

WARBURG PINCUS TRUST
- --------------------------------------------------------------------------------------------------------------------------
Post-Venture Capital Portfolio $915 $1225 $1640 $3150 $285 $875 $1490 $3150
</TABLE>

THESE EXAMPLES DO NOT SHOW PAST OR FUTURE EXPENSES. ACTUAL EXPENSES FOR A
PARTICULAR YEAR MAY BE MORE OR LESS THAN THOSE SHOWN IN THE EXAMPLES.

11
<PAGE>
<TABLE>
<CAPTION>

EXPENSE EXAMPLES 1a AND 2a
- --------------------------------------------------------------------------------------------------------------------------

EXAMPLE 1a: EXAMPLE 2b:
IF YOU WITHDRAW YOUR ASSETS IF YOU DO NOT WITHDRAW YOUR ASSETS
------------------------------- ----------------------------------
1 YR 3 YRS 5 YRS 10 YRS 1 YR 3 YRS 5 YRS 10 YRS
THE PRUDENTIAL SERIES FUND
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
The Prudential Series Fund
- --------------------------------------------------------------------------------------------------------------------------
Diversified Bond Portfolio $820 $937 $1160 $2188 $190 $587 $1010 $2188
Diversified Conservative Growth Portfolio $873 $1098 $1429 $2734 $243 $748 $1279 $2734
Equity Income Portfolio $820 $937 $1160 $2188 $190 $587 $1010 $2188
Equity Portfolio $825 $952 $1186 $2241 $195 $602 $1036 $2241
Global Portfolio $864 $1071 $1384 $2644 $234 $721 $1234 $2644
High Yield Bond Portfolio $836 $986 $1242 $2356 $206 $636 $1092 $2356
Money Market Portfolio $819 $934 $1155 $2178 $189 $584 $1005 $2178
Prudential Jennison Portfolio $841 $1001 $1268 $2408 $211 $651 $1118 $2408
Small Capitalization Stock Portfolio $825 $952 $1186 $2241 $195 $602 $1036 $2241
Stock Index Portfolio $815 $922 $1134 $2135 $185 $572 $984 $2135
20/20 Focus Portfolio $873 $1098 $1429 $2734 $243 $748 $1279 $2734

AIM Variable Insurance Funds, Inc.
- --------------------------------------------------------------------------------------------------------------------------
AIM V.I. Growth and Income Fund $843 $1007 $1278 $2429 $213 $657 $1128 $2429
AIM V.I. Value Fund $844 $1010 $1283 $2439 $214 $660 $1133 $2439

American Century Variable Portfolios, Inc.
- --------------------------------------------------------------------------------------------------------------------------
American Century VP Value $878 $1113 $1455 $2784 $248 $763 $1305 $2784

Janus Aspen Series
- --------------------------------------------------------------------------------------------------------------------------
Growth Portfolio $846 $1016 $1293 $2460 $216 $666 $1143 $2460
International Growth Portfolio $864 $1071 $1384 $2644 $234 $721 $1234 $2644

MFS Variable Insurance Trust
- --------------------------------------------------------------------------------------------------------------------------
Emerging Growth Series $863 $1068 $1379 $2634 $233 $718 $1229 $2634
Research Series $864 $1071 $1384 $2644 $234 $721 $1234 $2644

OCC Accumulation Trust
- --------------------------------------------------------------------------------------------------------------------------
Managed Portfolio $860 $1059 $1364 $2603 $230 $709 $1214 $2603
Small Cap Portfolio $866 $1077 $1394 $2664 $236 $727 $1244 $2664

Templeton Variable Products Series Fund
- --------------------------------------------------------------------------------------------------------------------------
Franklin Small Cap Investments Fund-Class 2 $903 $1188 $1579 $3030 $273 $838 $1429 $3030

T.Rowe Price
- --------------------------------------------------------------------------------------------------------------------------
Equity Series - Equity Income Portfolio $863 $1068 $1379 $2634 $233 $718 $1229 $2634
International Series -
Intn'l Stock Portfolio $883 $1128 $1480 $2834 $253 $778 $1330 $2834

Warburg Pincus Trust
- --------------------------------------------------------------------------------------------------------------------------
Post-Venture Capital Portfolio $918 $1232 $1653 $3174 $288 $882 $1503 $3174

</TABLE>

THESE EXAMPLES DO NOT SHOW PAST OR FUTURE EXPENSES. ACTUAL EXPENSES FOR A
PARTICULAR YEAR MAY BE MORE OR LESS THAN THOSE SHOWN IN THE EXAMPLES.

12
<PAGE>

PART II SECTIONS 1-10

- --------------------------------------------------------------------------------
DISCOVERY SELECT PROSPECTUS

13
<PAGE>
1:
WHAT IS THE DISCOVERY SELECT
VARIABLE ANNUITY?
- --------------------------------------------------------------------------------

THE DISCOVERY SELECT VARIABLE ANNUITY IS A CONTRACT BETWEEN YOU, THE OWNER, AND
US, THE INSURANCE COMPANY, PRUCO LIFE INSURANCE COMPANY (PRUCO LIFE, WE OR US).

Under our contract or agreement, in exchange for your payment to us, we promise
to pay you a guaranteed income stream that can begin any time after the first
contract anniversary. (Maryland residents must wait until the end of the seventh
contract year.) Your annuity is in the accumulation phase until you decide to
begin receiving annuity payments. The date you begin receiving annuity payments
is the annuity date. On the annuity date, your contract switches to the income
phase.

THIS ANNUITY CONTRACT BENEFITS FROM TAX DEFERRAL.

Tax deferral means that you are not taxed on earnings or appreciation on the
assets in your contract until you withdraw money from your contract.

DISCOVERY SELECT IS A VARIABLE ANNUITY CONTRACT.

This means that during the accumulation phase, you can allocate your assets
among 24 variable investment options as well as 2 guaranteed interest-rate
options. (If you live in Maryland, Oregon or Washington, only a one year
interest-rate option is available to you.) If you select a variable investment
option, the amount of money you are able to accumulate in your contract during
the accumulation phase depends upon the investment performance of the mutual
fund associated with that variable investment option. Because the mutual funds'
portfolios fluctuate in value depending upon market conditions, your contract
value can either increase or decrease. This is important, since the amount of
the annuity payments you receive during the income phase depends upon the value
of your contract at the time you begin receiving payments.

For an additional charge, you can elect the Retirement Income Guarantee
which guarantees a minimum level of annuity payments during the income phase of
your contract.

AS MENTIONED ABOVE, DISCOVERY SELECT ALSO CONTAINS TWO GUARANTEED INTEREST-RATE
OPTIONS: a fixed-rate option and a market-value adjustment option. The
fixed-rate option offers an interest rate that is guaranteed by us for one year
and will always be at least 3.0% per year. The market-value adjustment option
guarantees a stated interest rate, generally higher than the fixed-rate option.
However, in order to get the full benefit of the stated interest rate, assets in
this option must be held for a seven-year period. (The market-value adjustment
option is not available to residents of Maryland, Oregon or Washington.)

AS THE OWNER OF THE CONTRACT, YOU HAVE ALL OF THE DECISION-MAKING RIGHTS UNDER
THE CONTRACT. You will also be the annuitant unless you designate someone else.
The annuitant(s) is the person upon whose death during the accumulation phase,
the death benefit is payable. The annuitant is also the person who receives the
annuity payments when the income phase begins and whose life is used to
determine how much and how long these payments will continue. On and after the
annuity date, the annuitant is the owner and may not be changed. The beneficiary
becomes the owner when a death benefit is payable.

THE BENEFICIARY IS: the person(s) or entity designated to receive any death
benefit if the annuitant(s) dies during the accumulation phase. You may change
the beneficiary any time prior to the annuity date by making a written request
to us. Your request becomes effective when we approve it.

SHORT TERM CANCELLATION RIGHT OR "FREE LOOK"

If you change your mind about owning Discovery Select, you may cancel your
contract within 10 days after receiving it (or whatever period is required by
applicable law). You can request a refund by returning the contract either to
the representative who sold it to you, or to the Prudential Annuity Service
Center at the address shown on the first page of this prospectus. You will
receive, depending on applicable law:

o Your full purchase payment; or

o The amount your contract is worth as of the day we receive your request.
This amount may be more or less than your original payment.

14
<PAGE>
2:
WHAT INVESTMENT OPTIONS
CAN I CHOOSE?
- --------------------------------------------------------------------------------

THE CONTRACT GIVES YOU THE CHOICE OF ALLOCATING YOUR PURCHASE PAYMENTS TO ANY
ONE OR MORE OF 24 VARIABLE INVESTMENT OPTIONS, AS WELL AS TWO GUARANTEED
INTEREST-RATE OPTIONS.

The 24 variable investment options invest in mutual funds managed by leading
investment advisors. Each of these mutual funds has a separate prospectus that
is provided with this prospectus. You should read the mutual fund prospectus
before you decide to allocate your assets to the variable investment option
using that fund.

VARIABLE INVESTMENT OPTIONS

Listed below are the mutual funds in which to the variable investment options
invest. Each variable investment option has a different investment objective.

THE PRUDENTIAL SERIES FUND, INC.

o Diversified Bond Portfolio
o Diversified Conservative Growth Portfolio
o Equity Income Portfolio
o Equity Portfolio
o Global Portfolio
o High Yield Bond Portfolio
o Money Market Portfolio
o Prudential Jennison Portfolio (domestic equity)
o Stock Index Portfolio
o Small Capitalization Stock Portfolio
o 20/20 Focus Fund (domestic equity)

THE PRUDENTIAL SERIES FUND, INC. IS MANAGED BY PRUDENTIAL THROUGH ANOTHER
COMPANY IT OWNS CALLED THE PRUDENTIAL INVESTMENT CORPORATION. THE PRUDENTIAL
INVESTMENT CORPORATION MANAGES EACH OF THE PORTFOLIOS OF THE PRUDENTIAL SERIES
FUND EXCEPT THE PRUDENTIAL JENNISON PORTFOLIO AND THE DIVERSIFIED CONSERVATIVE
GROWTH PORTFOLIO. FOR THE JENNISON PORTFOLIO, PRUDENTIAL INVESTMENT CORPORATION
OVERSEES ANOTHER COMPANY OWNED BY PRUDENTIAL CALLED JENNISON ASSOCIATES CAPITAL
CORP. WHICH PROVIDES THE DAY TO DAY INVESTMENT ADVISORY SERVICES. FOR THE
DIVERSIFIED CONSERVATIVE GROWTH PORTFOLIO, PRUDENTIAL INVESTMENTS CORPORATION
OVERSEES THE DREYFUS CORPORATION AND PACIFIC INVESTMENT MANAGEMENT COMPANY,
WHICH PROVIDE THE DAY TO DAY INVESTMENT ADVISORY SERVICES.

AIM VARIABLE INSURANCE FUNDS, INC.

o AIM V.I. Growth and Income Fund
o AIM V.I. Value Fund

AIM ADVISORS, INC. SERVES AS INVESTMENT ADVISER TO BOTH OF THESE FUNDS.

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

o American Century VP Value

AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. IS THE INVESTMENT ADVISER FOR
AMERICAN CENTURY VP VALUE.

JANUS ASPEN SERIES

o Growth Portfolio
o International Growth Portfolio

JANUS CAPITAL CORPORATION SERVES AS INVESTMENT ADVISER TO THE GROWTH PORTFOLIO
AND THE INTERNATIONAL GROWTH PORTFOLIO.

MFS VARIABLE INSURANCE TRUST

o Emerging Growth Series
o Research Series (long-term growth and future income)

MASSACHUSETTS FINANCIAL SERVICES COMPANY, A DELAWARE CORPORATION, IS THE
INVESTMENT ADVISER TO THE EMERGING GROWTH SERIES AND THE RESEARCH SERIES.

OCC ACCUMULATION TRUST

o Managed Portfolio (equity)
o Small Cap Portfolio

OPCAP ADVISORS IS THE INVESTMENT ADVISER TO THE MANAGED PORTFOLIO AND THE SMALL
CAP PORTFOLIO.

T. ROWE PRICE

o T. Rowe Price Equity Series, Inc., Equity Income Portfolio
o T. Rowe Price International Series, Inc., International Stock Portfolio

T. ROWE PRICE ASSOCIATES, INC. IS THE INVESTMENT MANAGER FOR THE EQUITY INCOME
PORTFOLIO AND ROWE PRICE-FLEMING INTERNATIONAL, INC. IS THE INVESTMENT MANAGER
FOR THE INTERNATIONAL STOCK PORTFOLIO.

TEMPLETON VARIABLE PRODUCTS SERIES FUND

o Franklin Small Cap Investments Fund--Class 2

FRANKLIN ADVISERS, INC. IS THE INVESTMENT MANAGER FOR THIS PORTFOLIO OF THE
TEMPLETON VARIABLE PRODUCTS SERIES FUND.

WARBURG PINCUS TRUST

o Post-Venture Capital Portfolio

WARBURG PINCUS COUNSELORS, INC. SERVES AS INVESTMENT ADVISER AND ABBOTT CAPITAL
MANAGEMENT, L.P. SERVES AS SUB-

15
<PAGE>
2:
WHAT INVESTMENT OPTIONS CAN I CHOOSE? continued
- --------------------------------------------------------------------------------

INVESTMENT ADVISE FOR THAT PORTION OF THE POST-VENTURE CAPITAL PORTFOLIO
ALLOCATED TO PRIVATE LIMITED PARTNERSHIPS OR OTHER INVESTMENT FUNDS.

Except for the Prudential Series Fund Inc., we are paid by the fund or an
affiliate of each fund for administrative and other services that we provide.
The amount we receive is based on an annual percentage of the average assets of
Discovery Select invested in the fund held by the associated variable investment
option.

FIXED INTEREST-RATE OPTIONS

We offer two interest-rate options: a fixed-rate option and a market-value
adjustment option (not available in Maryland, Oregon or Washington). We set a
one year guaranteed annual interest rate that is always available for the
one-year fixed-rate option. For the market-value adjustment option, we set a
seven-year guaranteed interest rate.

When you select one of these options, your payment will earn interest at the
established rate for the applicable interest rate period. A new interest rate
period is established every time you allocate or transfer money into a fixed
interest-rate option. You may have money allocated in more than one interest
rate period at the same time. This could result in your money earning interest
at different rates and each interest rate period maturing at a different time.
While these interest rates may change from time to time, the minimum rate will
never be less than 3.0%.

Payments allocated to either of the fixed interest-rate options become part
of Pruco Life's general assets. As a result, the strength of the interest-rate
guarantees is based on the overall financial strength of Pruco Life. If Pruco
Life suffered a material financial setback, the ability of Pruco Life to meet
its financial obligations could be affected.

MARKET VALUE ADJUSTMENT

If you transfer or withdraw assets or annuitize from the market-value
adjustment option before an interest rate period is over, the assets will be
subject to a market value adjustment.

The market-value adjustment may increase or decrease the amount being
withdrawn or transferred and may be substantial. The adjustment, whether up or
down will never be greater than 40%. The amount of the market-value adjustment
is based on the difference between the:

1) Guaranteed interest rate for the amount you are
withdrawing or transferring; and

2) Interest rate that is in effect on the date of the
withdrawal or transfer.

The amount of time left in the interest rate period is also a factor. You
will find a detailed description of how the market-value adjustment is
calculated on page __ of this prospectus. (For contracts issued in Pennsylvania,
the description is on page __.)

TRANSFERS AMONG OPTIONS

You can transfer money among the variable investment options and the fixed
interest-rate options. Your transfer request may be made by telephone or in
writing to the Prudential Annuity Service Center. Only two transfers per month
may be made by telephone. After that, all transfer requests must be in writing
with an original signature. We have procedures in place to confirm that
instructions received by telephone are genuine. We will not be liable for
following telephone instructions that we reasonably believe to be genuine. Your
transfer request will take effect at the end of the business day on which it was
received. Our business day closes, usually at 4:15 p.m. Eastern time.

YOU CAN MAKE TRANSFERS OUT OF A FIXED INTEREST-RATE OPTION ONLY DURING THE
30-DAY PERIOD FOLLOWING THE END OF AN INTEREST RATE PERIOD. IF YOU TRANSFER
MONEY FROM A MARKET-VALUE ADJUSTMENT OPTION AFTER THE 30-DAY PERIOD HAS ENDED,
THE MONEY WILL BE SUBJECT TO A MARKET-VALUE ADJUSTMENT.

During the contract accumulation phase, you can make 12 transfers each
contract year, among the investment options, without charge. If you make more
than 12 transfers in one contract year, you will be charged $25 for each
additional transfer. (Dollar Cost Averaging and Auto-Rebalancing transfers do
not count toward the 12 free transfers per year.)

DOLLAR COST AVERAGING

The dollar cost averaging (DCA) feature allows you to systematically transfer
either a fixed dollar amount or a percentage out of any variable investment
option or the one-year fixed interest-rate option and into any variable
investment option(s). You can transfer money to more than one variable
investment option. The investment option used for the transfers is designated as
the DCA account. You can have these automatic transfers made from the DCA
account monthly, quarterly, semiannually or annually. By allocating amounts

16
<PAGE>

on a regular schedule instead of allocating the total amount at one particular
time, you may be less susceptible to the impact of market fluctuations.

Transfers must be at least $100 from your DCA account. After that, transfers
will continue automatically until the entire amount in your DCA account has been
transferred or until you tell us to discontinue the transfers. If your DCA
account balance drops below $100, the entire remaining balance of the account
will be transferred on the next transfer date. You can allocate subsequent
purchase payments to re-open the DCA account at any time.

Your transfers will be made on the last calendar day of each transfer period
you have selected, provided that the New York Stock Exchange is open on that
date. If the New York Stock Exchange is not open on a particular transfer date,
the transfer will take effect on the next business day.

Any transfers you make because of dollar cost averaging are not counted
toward the 12 free transfers you are allowed per year. This feature is available
only during the contract accumulation phase.

ASSET ALLOCATION PROGRAM

We recognize the value of having advice when deciding on the allocation of your
money. If you choose to participate in the Asset Allocation Program, your
financial professional will give you a questionnaire to complete that will help
determine a program that is appropriate for you. Your asset allocation will be
prepared based on your answers to the questionnaire. You will not be charged for
this service and you are not obligated to participate or to invest according to
program recommendations.

AUTO-REBALANCING

Once your money has been allocated among the variable investment options, the
actual performance of the investment options may cause your allocation to shift.
For example, an investment option that initially holds only a small percentage
of your assets could perform much better than another investment option. Over
time, this option could increase to a larger percentage of your assets than you
desire. You can direct us to automatically rebalance your assets to return to
your original allocation or to change allocations by selecting the
Auto-Rebalancing feature. The fixed interest-rate options and the DCA account
cannot participate in this feature.

Your rebalancing will be done monthly, quarterly, semiannually or annually
based on your choice. The rebalancing will be done on the last calendar day of
the period you have chosen, provided that the New York Stock Exchange is open on
that date. If the New York Stock Exchange is not open on that date, the
rebalancing will take effect on the next business day.

Any transfers you make because of Auto-Rebalancing are not counted toward
the 12 free transfers you are allowed per year. This feature is available only
during the contract accumulation phase. If you choose auto-rebalancing and
dollar cost averaging, auto-rebalancing will take place after the transfers from
your DCA account.

VOTING RIGHTS

We are the legal owner of the shares in the mutual funds associated with the
variable investment options. However, we vote the shares of the mutual funds
according to voting instructions we receive from contractowners. We will mail
you a proxy which is a form you need to complete and return to us to tell us how
you wish us to vote. When we receive those instructions, we will vote all of the
shares we own on your behalf, in accordance with those instructions. We will
vote the shares for which we do not receive instructions, and any other shares
that we own, in the same proportion as the shares for which instructions are
received. We may change the way your voting instructions are calculated if it is
required by federal regulation.

SUBSTITUTION

We may substitute one or more of the mutual funds used by the variable
investment options. We may also cease to allow investments in existing funds. We
would do this only if events such as investment policy changes or tax law
changes make the mutual fund unsuitable. We would not do this without the
approval of the Securities and Exchange Commission and necessary state insurance
department approvals. You will be given specific notice in advance of any
substitution we intend to make.

17
<PAGE>
3:
WHAT KIND OF PAYMENTS WILL I RECEIVE DURING THE
INCOME PHASE?(ANNUITIZATION)
- --------------------------------------------------------------------------------

The following payment options are available if you do not elect the Retirement
Income Guarantee. The payment options that are available with the Retirement
Income Guarantee are discussed in Section 5.

PAYMENT PROVISIONS

The annuitant can begin receiving annuity payments any time after the first
contract anniversary. (Maryland residents must wait until after the seventh
anniversary.) Annuity payments must begin no later than the contract anniversary
that coincides with or follows the annuitant's 90th birthday.

You may choose among the income plans described below at any time before the
annuity date. These plans are called annuity options. During the income phase,
all of the annuity options under this contract are fixed annuity options. This
means that your participation in the variable investment options ends on the
annuity date. If you have not selected an annuity option by the annuity date,
the Interest Payment Option (Option 3, described below) will automatically be
selected unless prohibited by applicable law.
ONCE THE ANNUITY PAYMENTS BEGIN, YOU CANNOT CHANGE THE ANNUITY OPTION.

OPTION 1
ANNUITY PAYMENTS FOR A FIXED PERIOD

Under this option, we will make equal payments for a period you choose, up to 25
years. The annuity payments may be made monthly, quarterly, semiannually, or
annually for as long as the annuitant is alive. If the annuitant dies during the
income phase, a lump sum payment will be made to the beneficiary. The amount of
the lump sum payment is determined by calculating the present value of the
unpaid future payments. This is done by using the interest rate used to compute
the actual payments. The interest rate used will always be at least 3.50% a
year. For payment periods of 10 years or more, we will waive any withdrawal
charge that otherwise would have been applied.

OPTION 2
LIFE ANNUITY WITH 120 PAYMENTS (10 YEARS) CERTAIN

Under this option, we will make annuity payments to the annuitant monthly,
quarterly, semiannually, or annually as long as the annuitant is alive. If the
annuitant dies before we have made 10 years worth of payments, we will pay the
beneficiary the present value of the remaining annuity payments in one lump sum
unless the annuitant has specifically instructed that the remaining monthly
annuity payments continue to be paid to the beneficiary. The present value of
the remaining annuity payments is calculated by using the interest rate used to
compute the amount of the original 120 payments. The interest rate used will
always be at least 3.50% a year.

OPTION 3
INTEREST PAYMENT OPTION

Under this option, you can choose to have us hold all or a portion of your
contract value to accumulate interest. You can receive interest payments on a
monthly, quarterly, semiannual, or annual basis or you can allow the interest to
accrue on your contract assets. If you have not selected an annuity option by
the annuity date, this is the option we will automatically select for you,
unless prohibited by applicable law. Under this option, we will pay you interest
at an effective rate of at least 3.0% a year.

This option is not available if your contract is held in an Individual
Retirement Account.

OPTION 4
OTHER ANNUITY OPTIONS

We currently offer a variety of other annuity options not described above. At
the time you choose to receive your annuity payments, we may make available to
you any of the fixed annuity options that are offered at your annuity date.

You should be aware that depending on your contract date and the annuity
option you choose, you may have to pay withdrawal charges.

18
<PAGE>
4:
WHAT IS THE
DEATH BENEFIT?
- --------------------------------------------------------------------------------

THE DEATH BENEFIT FEATURE PROTECTS THE VALUE OF THE CONTRACT FOR THE
BENEFICIARY.

BENEFICIARY

The beneficiary is the person(s) or entity you name to receive any death
benefit. The beneficiary is named at the time the contract is issued, unless you
change it at a later date. Unless an irrevocable beneficiary has been named, you
can change the beneficiary at any time before the annuitant or last surviving
annuitant dies.

CALCULATION OF THE DEATH BENEFIT IF YOU DO NOT ELECT THE RETIREMENT INCOME
GUARANTEE

If the annuitant (or the last surviving annuitant, if there are co-annuitants)
dies during the accumulation phase, we will, upon receiving appropriate proof of
death, pay a death benefit to the beneficiary designated by the contractowner.
If death is prior to age 80, the beneficiary will receive the greater of the
following:

o Current value of your contract (as of the time we receive appropriate proof
of death); or

o *Guaranteed Minimum Death Benefit -- The Guaranteed Minimum Death Benefit
is the greater of:

1) The highest value of the contract on any contract anniversary date. This
is called the "step-up" value. Between anniversary dates, the step-up
value is only increased by additional purchase payments and reduced
proportionally by withdrawals; or

2) The "roll-up value" which is the total of all invested purchase payments
compounded daily at an effective annual rate of 5.0%, subject to a 200%
cap. Both the roll-up and the cap are reduced proportionally by
withdrawals.

* (If you have elected the Retirement Income Guarantee, the Guaranted Minimum
Death Benefit is referred to in your contract as the "Protected Value." The
Retirement Income Guarantee is discussed in Section 5.)

If death is on or after 80, the beneficiary will receive the greater of: 1)
the current contract value as of the date that due proof of death is received,
or 2) the Guaranteed Minimum Death Benefit as of age 80, increased by additional
purchase payments, and reduced proportionally by the withdrawals. For this
purpose, an annuitant is deemed to reach age 80 on the contract anniversary on
or following the annuitant's actual 80th birthday.

If the sole or older annuitant is age 80 or older at the time the contract
is issued, upon death, the beneficiary will receive the greater of: 1) current
contract value as of the date that due proof of death is received; or 2) the
total purchase payments reduced proportionally by withdrawals.

Here is an example of a proportional reduction:

If an owner withdrew 50% of a contract valued at $100,000 and if the step-up
value was $80,000, the new step-up value following the withdrawal, would be
$40,000 or 50% of what it had been prior to the withdrawal.

If the contractowner and annuitant are not the same, the death benefit is
payable only in the event of the death of a sole annuitant or last surviving
annuitant, not the death of the contractowner.

Certain terms of this death benefit are limited in Oregon. This death
benefit was enhanced in January, 1998, to provide for the Guaranteed Minimum
Death Benefit. Certain contractowners must have elected an endorsement in order
for this enhanced death benefit to apply. See the Statement of Additional
Information (SAI) for details.

CALCULATION OF THE DEATH BENEFIT IF YOU ELECT THE RETIREMENT INCOME
GUARANTEE

If you have elected the Retirement Income Guarantee feature, your death benefit
is based on the protected value described in Section 5, "What is the Retirement
Income Guarantee?"

If a sole or last surviving annuitant dies before the annuity date, we
will, upon receipt of appropriate proof of death, pay a death benefit to your
beneficiary that will be calculated as follows:

19
<PAGE>

o IF THE SOLE OR OLDER ANNUITANT IS UNDER AGE 80 on the date the contract
was issued your beneficiary will receive a death benefit equal to the
greater of:

a) the contract fund as of the date we receive due proof of death and
any other required documentation; or

b) the protected value as of the date we receive due proof of death and
any other required documentation.

o IF THE SOLE OR OLDER ANNUITANT IS AGE 80 OR OVER on the date the
contract was issued, your beneficiary will receive a death benefit equal
to the greater of:

a) the contract fund as of the date we receive due proof of death and
any other required documentation; or

b) the initial invested purchase payment increased by subsequent
invested purchase payments and reduced proportionately by
withdrawals.

<PAGE>
5:

WHAT IS THE
RETIREMENT INCOME GUARANTEE?
- --------------------------------------------------------------------------------

THE RETIREMENT INCOME GUARANTEE PROVIDES THE CONTRACTOWNER WITH THE CHOICE OF
RECEIVING A GUARANTEED MINIMUM INCOME AMOUNT WITH PAYMENTS FOR LIFE WITH A
PERIOD CERTAIN. THE RETIREMENT INCOME GUARANTEE FEATURE MUST BE ELECTED AT THE
TIME YOU PURCHASE YOUR CONTRACT. IF YOU DO NOT CHOOSE TO ELECT THE RETIREMENT
INCOME GUARANTEE WHEN YOU PURCHASE YOUR CONTRACT, YOU WILL NOT BE GIVEN ANOTHER
OPPORTUNITY TO DO SO. IF YOU CHOOSE THIS FEATURE, YOU WILL BE CHARGED AN
ADDITIONAL FEE AND THERE WILL BE A SPECIFIC PAYOUT CALCULATION USED TO DETERMINE
YOUR FIXED PAYMENT AMOUNT. BEFORE PAYMENTS BEGIN, THERE IS A WAITING PERIOD
WHICH IS CALCULATED BASED ON YOUR AGE WHEN THE CONTRACT IS ISSUED. THIS WAITING
PERIOD IS DISCUSSED IN MORE DETAIL ON PAGE ___. AFTER YOUR CONTRACT WAITING
PERIOD HAS ELAPSED, YOU MAY EXERCISE THE RETIREMENT INCOME GUARANTEE FEATURE.

PROTECTED VALUE

During the accumulation phase, we will be calculating a "protected value" which
will be applied to the guaranteed annuity purchase rates to provide a guaranteed
minimum income during the income phase of your contract.

The protected value is calculated daily in exactly the same way as the
Guaranteed Minimum Death Benefit, using the "step-up" and "roll-up" calculations
as discussed in Section 4 (see page ).

After the contract anniversary coinciding with or next following the sole or
older annuitant's 80th birthday, the protected value can only be increased by
subsequent invested purchase payments made on or after the contract anniversary.
This means that we do not increase the protected value by the effective annual
interest rate or by any appreciation in the contract fund. If you make a
withdrawal on or after the contract anniversary, we still reduce the protected
value proportionally by the effect of that withdrawal. This means that the
withdrawal reduces those values in the same proportion as it reduces the
contract fund. We calculate the proportion by dividing the amount of the
contract fund after the withdrawal (including withdrawal charges) by the amount
of the contract fund immediately prior to the withdrawal. The resulting
percentage is multiplied by the applicable values (before the withdrawal) to
determine the protected value.

Because we do not impose a new waiting period for each subsequent purchase
payment, we reserve the right to limit subsequent purchase payments if we
discover that by the timing of your purchase payments and withdrawals, your
protected value is increasing in ways that are not intended. In determining
whether to limit purchase payments, we will look at purchase payments which are
disproportionately larger than the initial purchase payment and other actions
that may artificially increase the protected value.

RETIREMENT INCOME GUARANTEE PAYOUT AMOUNT

After first deducting charges for any applicable taxes attributable to premiums,
the Retirement Income Guarantee payout amount will equal the greater of:

o the protected value as of the date the Retirement Income Guarantee payout
option is effective applied to the guaranteed annuity purchase rates and
based on the period certain as described below; or

o the amount of the contract fund as of the date the Retirement Income
Guarantee payout option is effective applied to the current annuity purchase
rates then in use and based on the period certain as described below.

GUARANTEED ANNUITY PURCHASE RATES:

The guaranteed annuity purchase rates are contained in the contract and are
based on the following:

o Guaranteed Interest Rate

The guaranteed interest rate used to calculate the guaranteed annuity purchase
rates is based on the interest rate in effect on the contract anniversary
immediately preceding the date the Retirement Income Guarantee payout option is
effective:

Contract Anniversary Guaranteed Interest Rate
-------------------- ------------------------
10 through 14 3.0%
15 or more 3.5%

o Guaranteed Mortality Rate

The guaranteed mortality rate used to calculate the guaranteed annuity purchase
rates is based on the Annuity 2000 valuation mortality table, with two-year age
setbacks, ten-year generational setback and projected mortality improvements
(50% of Scale G).

<PAGE>

5: WHAT IS THE RETIREMENT INCOME GUARANTEE? CONTINUED

RETIREMENT INCOME GUARANTEE ANNUITY PAYOUT OPTIONS:

There are two annuity payout options available:

OPTION 1

Single Life Payout Option

Under this option, we will make monthly payments for as long as the annuitant
lives, with payments for a period certain. You may also choose to have the
payments made quarterly, semiannually or annually. No payments are due after the
death of the annuitant or, if later, the end of the period certain.

OPTION 2

Joint Life Payout Option

Under this option, we will make monthly payments for a period certain and after
that during the joint lifetime of the annuitant and co-annuitant. You may also
choose to have the payments made quarterly, semiannually or annually. Upon the
death of the annuitant or co-annuitant, payments will continue during the
remaining lifetime of the survivor at 100% of the original monthly payment if
the survivor is the annuitant. If the survivor is the co-annuitant the payment
amount will be 50% of the original monthly payment. No payments are due after
the death of the survivor of the annuitant and co-annuitant or, if later, the
end of the period certain.

The period certain is based on the annuitant's age on the date the
Retirement Income Guarantee payout option is effective. The following chart
shows how the period certain is determined:

Age Period Certain
--- --------------
80 or less 10 years
81 9 years
82 8 years
83 7 years
84 6 years
85-90 5 years

There is no right of withdrawal under either payout option.

EXERCISE OF THE RETIREMENT INCOME GUARANTEE PAYOUT OPTION

The exercise period for the Retirement Income Guarantee payout option begins on
any contract anniversary date after the end of the applicable waiting period as
shown in the chart below. The exercise period ends thirty days after that
contract anniversary date, but no later than the contract anniversary following
the annuitant's 90th birthday. You may exercise the Retirement Income Guarantee
payout option by contacting us at the Prudential Annuity Service Center. We will
then provide you with the necessary forms and inform you of any other
information that we require. The exercise of the Retirement Income Guarantee
payout option will be effective when we receive all required documentation at
the Prudential Annuity Service Center.

Waiting Period: The following chart shows how the waiting period is
determined:

Contract Anniversary on which
Annuitant's Issue Age Waiting Period Ends
- --------------------- -------------------
45 15
46 14
47 13
48 12
49 11
50-70 10

RETIREMENT INCOME GUARANTEE FEE

This fee is for assuming the risks associated with the Retirement Income
Guarantee. The fee is equal to 0.25% of the average daily protected value and
will be deducted:

o on each contract anniversary;

o upon revocation of the Retirement Income Guarantee;

o upon choice of an option under Part 1 of the "Payout Provisions" section of
the contract;

o upon a full withdrawal; or

o upon a partial withdrawal if the amount remaining in your contract fund
after the partial withdrawal is not enough to cover the then applicable
Retirement Income Guarantee fee.

<PAGE>

The fee is pro-rated based on the portion of the contract year for which the
Retirement Income Guarantee was in effect.

The fee will be withdrawn from each investment option in the same proportion
that the value allocated to an investment option bears to the total amount of
the contract fund. If you make a full withdrawal or if the amount remaining in
your contract fund after a partial withdrawal is not enough to cover the then
applicable Retirement Income Guarantee fee, the Retirement Income Guarantee fee
is deducted from the amount paid.

You will not be charged a Retirement Income Guarantee fee:

o after the annuity date;

o after the exercise of the Retirement Income Guarantee payout option; or

o after revocation of the Retirement Income Guarantee option.

REVOCATION OF THE RETIREMENT
INCOME GUARANTEE

Your election of the Retirement Income Guarantee is revocable at any time after
the seventh contract anniversary and prior to the date on which the exercise of
the Retirement Income Guarantee payout option is effective. We must receive a
written notice to discontinue this benefit. The benefit will be discontinued
effective as of the date written notice is received in good order by us at the
Prudential Annuity Service Center. Once the benefit has been discontinued, you
may not elect it again.

OTHER RETIREMENT INCOME
GUARANTEE PROVISIONS

If a co-annuitant becomes the annuitant due to the death of the original
annuitant: the following rules will apply:

o the waiting period will be based on the age of the original annuitant on the
date the contract was issued; and

o the payout amount and period certain under Option 1 will be based on the
co-annuitant's age on the date the exercise of the Retirement Income
Guarantee payout option is effective.

23
<PAGE>
6:
HOW CAN I PURCHASE A
DISCOVERY SELECT CONTRACT?
- --------------------------------------------------------------------------------

PURCHASE PAYMENTS

A purchase payment is the amount of money you give us to purchase the contract.
The minimum purchase payment is $10,000. You can make additional purchase
payments of at least $1,000 or more at any time during the accumulation phase.
You must get our prior approval for any purchase payments over $2 million.

ALLOCATION OF PURCHASE PAYMENTS

When you purchase a contract, we will allocate your purchase payment among the
variable investment options and the fixed interest-rate options based on the
percentages you choose. The percentage of your allocation to a specific
investment option can range in whole percentages from 0% to 100%. If you make
additional purchase payments, they will be allocated in the same way as your
most recent purchase payment, unless you tell us otherwise. You may submit an
allocation change request at any time. Contact the Prudential Annuity Service
Center for details.

We will credit these purchase payments to your contract as of the end of the
business day on which the payment is received at the Prudential Annuity Service
Center. Our business day closes, usually at 4:15 p.m. Eastern time. If, however
your first purchase payment is made without enough information for us to set up
your contract we may need to contact you to get the required information. If we
are not able to get this information within five business days, we will either
return your purchase payment or get your consent to continue holding it until we
receive the necessary information.

CALCULATING CONTRACT VALUE

The value of the variable portion of your contract will go up or down depending
on the investment performance of the variable investment option(s) you choose.
To determine the value of your contract, we use a unit of measure called an
accumulation unit. An accumulation unit works like a share of a mutual fund.

Every day we determine the value of an accumulation unit for each of the
variable investment options. We do this by:

1) Adding up the total amount of money allocated to a specific investment
option;

2) Subtracting from that amount insurance charges and any other applicable
charges; and

3) Dividing this amount by the number of outstanding accumulation units.

When you make a purchase payment, we credit your contract with accumulation
units relating to the variable investment options you have chosen. The number of
accumulation units credited to your contract is determined by dividing the
amount of the purchase payment allocated to an investment option by the unit
price of the accumulation unit for that investment option. We calculate the unit
price for each investment option after the New York Stock Exchange closes each
day and then credit your contract. The value of the accumulation units can
increase, decrease, or remain the same from day to day. The Accumulation Unit
Values chart provided on page __ of this prospectus gives you more detailed
information about the accumulation units of the variable investment options.

We cannot guarantee that the value of your contract will increase or that it
will not fall below the amount of your total purchase payments. However, we do
guarantee a minimum interest rate of 3.0% a year on that portion of the contract
value allocated to the fixed interest-rate options.

24
<PAGE>

7:
WHAT ARE THE EXPENSES ASSOCIATED WITH THE
DISCOVERY SELECT CONTRACT?

- --------------------------------------------------------------------------------

THERE ARE CHARGES AND OTHER EXPENSES ASSOCIATED WITH THE CONTRACT THAT REDUCE
THE RETURN ON YOUR INVESTMENT. THESE CHARGES AND EXPENSES ARE DESCRIBED BELOW.

INSURANCE CHARGES

Each day, we make a deduction for insurance charges. The insurance charges have
two parts:

1) MORTALITY AND EXPENSE RISK CHARGE

The mortality risk charge is for assuming the risk that the annuitant(s) will
live longer than expected based on our life expectancy tables. When this
happens, we pay a greater number of annuity payments. The expense risk charge is
for assuming that the current charges will be insufficient in the future to
cover the cost of administering the contract.

The mortality and expense risk charge is equal, on an annual basis, to 1.25%
of the daily value of the contract invested in the variable investment options,
after expenses have been deducted. This charge is not assessed against amounts
allocated to the fixed interest-rate options.

If the charges under the contract are not sufficient, then we will bear the
loss. We do, however, expect to profit from this charge. The mortality and
expense risk charge cannot be increased. Any profits made from this charge may
be used by us to pay for the costs of distributing the contracts.

2) ADMINISTRATIVE EXPENSE CHARGE

This charge is for the expenses associated with the administration of the
contract. The administration of the contract includes preparing and issuing the
contract, establishing and maintaining of contract records, issuing
confirmations and annual reports, personnel costs, legal and accounting fees,
filing fees, and systems costs.

This charge is equal, on an annual basis, to 0.15% of the daily value of the
contract invested in the variable investment options, after expenses have been
deducted.

ANNUAL CONTRACT FEE

During the accumulation phase, if your contract value is less than $50,000, we
will deduct $30 per contract year (this fee may differ in certain states). This
annual contract fee is used for administrative expenses and cannot be increased.
The $30 charge will be deducted proportionately from each of the contract's
investment options. This charge will also be deducted when you surrender your
contract if your contract value is less than $50,000.

WITHDRAWAL CHARGE

During the accumulation phase, you can make withdrawals from your contract. When
you make a withdrawal, money will be taken first from your purchase payments for
purposes of determining withdrawal charges. When your purchase payments have
been used up, then we will take the money from your earnings. You will not have
to pay any withdrawal charge when you withdraw your earnings.

The withdrawal charge is for the payment of the expenses involved in
selling and distributing the contracts, including sales commissions, printing of
prospectuses, sales administration, preparation of sales literature and other
promotional activities. If the contract is sold under circumstances that reduce
the sales expenses, we may reduce or eliminate the withdrawal charge. For
example, a large group of individuals purchasing contracts or an individual who
already has a relationship with the company may receive such a reduction.

You can withdraw up to 10% of your total purchase payments each contract
year without paying a withdrawal charge. This amount is referred to as the
"charge-free amount." If any of the charge-free amount is not used during a
contract year, it will be carried over to the next contract year. During the
first seven contract years, if your withdrawal of purchase payments is more than
the charge-free amount, a withdrawal charge will be applied. This charge is
based on your contract date.

25
<PAGE>

The following table shows the percentage of withdrawal charges that would
apply :

PERCENTAGE OF APPLICABLE WITHDRAWAL CHARGES
- ------------------------------------------------
During contract year 1 7%
During contract year 2 6%
During contract year 3 5%
During contract year 4 4%
During contract year 5 3%
During contract year 6 2%
During contract year 7 1%
After that 0%

CRITICAL CARE ACCESS

We will allow you to withdraw money from the contract and waive any withdrawal
and annual contract fee, if the annuitant or the last surviving co-annuitant (if
applicable) becomes confined to an eligible nursing home or hospital for a
period of at least three consecutive months. You would need to provide us with
proof of the confinement. If a physician has certified that the annuitant or
last surviving co-annuitant is terminally ill (has six months or less to live)
there will be no charge imposed for withdrawals. Critical Care Access is not
available in all states. This option is not available to the contractowner if he
or she is not the annuitant.

PREMIUM TAXES

Some states and/or municipalities charge premium taxes or similar taxes. We are
responsible for the payment of these taxes and will make a deduction from the
value of the contract to pay them. Some of these taxes are due when the contract
is issued, others are due when annuity payments begin. It is our current
practice not to impose a charge for these taxes until annuity payments begin. In
the few states that impose a tax, the current rates range up to 5.0%. If, in the
future, we are charged for additional taxes that are based on purchase payments,
that charge may be passed on to contractholders.

TRANSFER FEE

You can make 12 free transfers every year. We measure a year from the date we
issue your contract (contract date). If you make more than 12 transfers in a
year (excluding Dollar Cost Averaging and Auto-Rebalancing), we will deduct a
transfer fee of $25 for each additional transfer. The transfer fee will be
deducted proportionately from all the affected investment options. The transfer
fee is deducted before the MVA is calculated.

COMPANY TAXES

We will pay the taxes on the earnings of the Separate Account. We are not
currently charging the Separate Account for taxes. We will periodically review
the issue of charging the Separate Account for these taxes, and may impose such
a charge in the future.

26
<PAGE>

8:
HOW CAN I
ACCESS MY MONEY?

- --------------------------------------------------------------------------------

YOU CAN ACCESS YOUR MONEY BY:

o MAKING A WITHDRAWAL
(EITHER PARTIAL OR COMPLETE); OR

o ELECTING TO RECEIVE ANNUITY
PAYMENTS DURING THE INCOME PHASE.

YOU CAN MAKE WITHDRAWALS ONLY DURING
THE ACCUMULATION PHASE

When you make a complete withdrawal, you will receive the value of your contract
on the day you made the withdrawal, less any applicable charges. We will
calculate the value of your contract, and charges, if any, as of the date we
receive your request in good order at the Prudential Annuity Service Center.

Unless you tell us otherwise, any partial withdrawal will be made
proportionately from all of the affected investment options and interest-rate
options you have selected. You will have to receive our consent to make a
partial withdrawal if the requested withdrawal is less than $500.

We will generally pay the withdrawal amount, less any required tax
withholding, within seven days after we receive a properly completed withdrawal
request. We will deduct applicable charges, and apply a market-value adjustment,
if any, from the assets in your contract.

INCOME TAXES, TAX PENALTIES AND CERTAIN RESTRICTIONS MAY APPLY TO ANY
WITHDRAWAL YOU MAKE. FOR A MORE COMPLETE EXPLANATION, SEE SECTION 9 ON PAGE 27
OF THIS PROSPECTUS AND THE TAX DISCUSSION IN THE STATEMENT OF ADDITIONAL
INFORMATION.

AUTOMATED WITHDRAWALS

We offer an Automated Withdrawal feature. This feature enables you to receive
periodic withdrawals in monthly, quarterly, semiannual or annual intervals. We
will process your withdrawals at the end of the business day at the intervals
you specify. We will continue at these intervals until you tell us otherwise.

You can make withdrawals from any designated investment option or
proportionally from all investment options. Market-value adjustments may apply.
Withdrawal charges may be deducted if the withdrawals in any contract year are
more than the charge-free amount. The minimum automated withdrawal amount you
can make is $250.

INCOME TAXES AND A 10% PENALTY TAX ON EARNINGS MAY APPLY TO AUTOMATED
WITHDRAWALS AS WELL AS ANY OTHER WITHDRAWALS MADE FROM YOUR CONTRACT.

SUSPENSION OF PAYMENTS OR TRANSFERS

We may be required to suspend or postpone payments made in connection with
withdrawals or transfers for any period when:

o The New York Stock Exchange is closed (other than customary weekend and
holiday closings);

o Trading on the New York Stock Exchange is restricted;

o An emergency exists during which sales of shares of the mutual funds are not
reasonable or we cannot reasonably value the accumulation units; or

o The Securities and Exchange Commission, by order, so permits suspension or
postponement of payments for the protection of owners.

We expect to pay the amount of any withdrawal or transfer made from the
interest-rate options promptly upon request.

27
<PAGE>

9:
WHAT ARE THE TAX CONSIDERATIONS ASSOCIATED WITH THE
DISCOVERY SELECT CONTRACT?

- --------------------------------------------------------------------------------

The tax considerations associated with the Discovery Select contract vary
depending on whether the contract is (i) owned by an individual and not
associated with a tax-favored retirement plan, or (ii) held under a tax-favored
retirement plan. We discuss the tax considerations for these categories of
contracts below. The discussion is general in nature and describes only federal
income tax law (not state or other tax laws). It is based on current law and
interpretations, which may change. It is not intended as tax advice. A qualified
tax adviser should be consulted for complete information and advice.

We believe the contract is an annuity contract for tax purposes.
Accordingly, as a general rule, you should not pay any tax until you receive
money under the contract.

CONTRACTS OWNED BY INDIVIDUALS
(NOT ASSOCIATED WITH TAX FAVORED RETIREMENT PLANS)

TAXES PAYABLE BY YOU

Generally, annuity contracts issued by the same company (and affiliates) to you
during the same calendar year must be treated as one annuity contract for
purposes of determining the amount subject to tax under the rules described
below.

TAXES ON WITHDRAWALS AND SURRENDER

If you make a withdrawal from your contract or surrender it before annuity
payments begin, the amount you receive will be taxed as ordinary income, rather
than as return of purchase payments, until all gain has been withdrawn.

If you assign all or part of your contract as collateral for a loan, the
part assigned will be treated as a withdrawal. Also, if you elect the interest
payment option, you will be treated, for tax purposes, as surrendering your
contract.

If you transfer your contract for less than full consideration, such as by
gift, you will trigger tax on the gain in the contract. This rule does not apply
if you transfer the contract to your spouse or incident to divorce.

TAXES ON ANNUITY PAYMENTS

A portion of each annuity payment you receive will be treated as a partial
return of your purchase payments and will not be taxed. The remaining portion
will be taxed as ordinary income. Generally, the nontaxable portion is
determined by multiplying the annuity payment you receive by a fraction, the
numerator of which is your purchase payments (less any amounts previously
received tax-free) and the denominator of which is the total expected payments
under the contract.

After the full amount of your purchase payments have been recovered
tax-free, the full amount of the annuity payments will be taxable. If annuity
payments stop due to the death of the annuitant before the full amount of your
purchase payments have been recovered, a tax deduction is allowed for the
unrecovered amount.

PENALTY TAXES ON WITHDRAWALS AND ANNUITY PAYMENTS

Any taxable amount you receive under your contract may be subject to a 10
percent penalty tax. Amounts are not subject to this penalty tax if:

o the amount is paid on or after you reach age 59 1/2 or die;

o the amount received is attributable to your becoming disabled;

o the amount paid or received is in the form of level annuity payments not
less frequently than annually under a lifetime annuity; and

o the amount received is paid under an immediate annuity contract (in which
annuity payments begin within one year of purchase).

If you modify the lifetime annuity payment stream (other than as a result of
death or disability) before you reach age 59 1/2 (or before the end of the five
year period beginning with the first payment and ending after you reach age 59
1/2), your tax for the year of modification will be increased by the penalty tax
that would have been imposed without the exception, plus interest for the
deferral.

28
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9:
TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT continued

- --------------------------------------------------------------------------------

TAXES PAYABLE BY BENEFICIARIES

Generally, the same tax rules apply to amounts received by your beneficiary as
those set forth above with respect to you. The election of an annuity payment
option instead of a lump sum death benefit may defer taxes. Certain minimum
distribution requirements apply upon your death, as discussed further below.

WITHHOLDING OF TAX FROM DISTRIBUTIONS

Taxable amounts distributed from your annuity contracts are subject to tax
withholding. You may generally elect not to have tax withheld from your
payments. These elections must be made on the appropriate Pruco Life forms.

ANNUITY QUALIFICATION

DIVERSIFICATION AND INVESTOR CONTROL

In order to qualify for the tax rules applicable to annuity contracts described
above, the contract must be an annuity contract for tax purposes. This means
that the assets underlying the annuity contract must be diversified, according
to certain rules. It also means that Pruco Life, and not you as the
contract-owner, must have sufficient control over the underlying assets to be
treated as the owner of the underlying assets for tax purposes. We believe these
rules, which are further discussed in the Statement of Additional Information,
will be met.

REQUIRED DISTRIBUTIONS UPON YOUR DEATH

Upon your death (or the death of a joint owner, if earlier), certain
distributions must be made under the contract. The required distributions depend
on whether you die on or before you start taking annuity payments under the
contract or after you start taking annuity payments under the contract.

If you die on or after the annuity date, the remaining portion of the
interest in the contract must be distributed at least as rapidly as under the
method of distribution being used as of the date of death.

If you die before the annuity date, the entire interest in the contract must
be distributed within 5 years after the date of death. However, if an annuity
payment option is selected by your designated beneficiary and if annuity
payments begin within 1 year of your death, the value of the contract may be
distributed over the beneficiary's life or a period not exceeding the
beneficiary's life expectancy. Your designated beneficiary is the person to whom
ownership of the contract passes by reason of death, and must be a natural
person.

If any portion of the contract is payable to (or for the benefit of) your
surviving spouse, such portion of the contract may be continued with your spouse
as the owner.

CHANGES IN THE CONTRACT

We reserve the right to make any changes we deem necessary to assure that the
contract qualifies as an annuity contract for tax purposes. Any such changes
will apply to all contractowners and you will be given notice to the extent
feasible under the circumstances.

ADDITIONAL INFORMATION

You should refer to the Statement of Additional Information if:

o The contract is held by a corporation or other entity instead of by an
individual or as agent for an individual.

o Your contract was issued in exchange for a contract containing purchase
payments made before August 14, 1982.

o You are a nonresident alien.

o You transfer your contract to, or designate, a beneficiary who is either
37-1/2 years younger than you or a grandchild.

o You wish additional information on withholding taxes.

CONTRACTS HELD BY TAX FAVORED PLANS

Currently, the contract may be purchased for use in connection with individual
retirement accounts and annuities ("IRAs") which are subject to Sections 408(a),
408(b) and 408A of the Code. At some future time we may allow the contract to be
purchased in connection with other retirement arrangements which are also
entitled to favorable federal income tax treatment ("tax favored plans"). These
other tax favored plans include:

29
<PAGE>

o Simplified employee pension plans ("SEPs") under Section 408(k) of the Code;

o Saving incentive match plans for employees-IRAs ("SIMPLE-IRAs") under
Section 408(p) of the Code; and

o Tax-deferred annuities ("TDAs") under Section 403(b) of the Code.

This description assumes that (i) we will be offering this to both IRA and
non-IRA tax favored plans, and (ii) you have satisfied the requirements for
eligibility for these products.

TYPES OF TAX FAVORED PLANS
IRAs

If you buy a contract for use as an IRA, we will provide you a copy of the
prospectus, contract and a brochure containing information about eligibility,
contribution limits, tax particulars and other IRA information. In addition to
this information (some of which is summarized below), the IRS requires that you
have a "free look" after making an initial contribution to the contract. During
this time, you can cancel the contract by notifying us in writing, and we will
refund all of the purchase payments under the contract (or, if greater, the
amount credited under the contract, calculated as of the valuation period that
we receive this cancellation notice).

Contributions Limits/Rollovers: Because of the way the contract is designed,
you may only purchase a contract for an IRA in connection with a "rollover" of
amounts from a qualified retirement plan. You must make a minimum initial
payment of $10,000 to purchase a contract. This minimum is greater than the
maximum amount of any annual contribution you may make to an IRA (which is
generally $2,000/year). The "rollover" rules under the Code are fairly
technical; however, an individual (or his or her surviving spouse) may generally
"roll over" certain distributions from tax favored retirement plans (either
directly or within 60 days from the date of these distributions) if he or she
meets the requirements for distribution. Once you buy the contract, you can make
regular IRA contributions under the contract (to the extent permitted by law).
However, if you make such regular IRA contributions, you should note that you
will not be able to treat the contract as a "conduit IRA," which means that you
will not be able subsequently to "roll over" the contract funds into another
Section 401(a) plan or TDA (although you may be able to transfer the funds to
another IRA).

Required Provisions: Contracts that are IRAs (or endorsements that are part
of the contract) must contain certain provisions:

o You, as owner of the contract, must be the "annuitant" under the contract
(except in certain cases involving the division of property under a decree
of divorce);

o Your rights as owner are non-forfeitable;

o You cannot sell, assign or pledge the contract, other than to Pruco Life;

o The annual premium you pay cannot be greater than $2,000 (which does not
include any rollover amounts);

o The date on which annuity payments must begin cannot be later than the
April 1st of the calendar year after the calendar year you turn age 70-1/2;
and

o Death and annuity payments must meet "minimum distribution requirements"
(described below).

Usually, the full amount of any distribution from an IRA (including a
distribution from this contract) which is not a rollover is taxable. As taxable
income, these distributions are subject to the general tax withholding rules
described earlier. In addition to this normal tax liability, you may also be
liable for the following, depending on your actions:

o A 10% "early distribution penalty" (described below);

o Liability for "prohibited transactions" if you, for example, borrow against
the value of an IRA; or

o Failure to take a minimum distribution (also generally described below).

SEPs

SEPs are a variation on a standard IRA, and contracts issued to a SEP must
satisfy the same general requirements described under IRAs (above). There are,
however, some differences:

30
<PAGE>

9:
TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT continued

- --------------------------------------------------------------------------------

o If you participate in a SEP, you generally do not include into income any
employer contributions made to the SEP on your behalf up to the lesser of
(a) $30,000 or (b) 15% of the employee's earned income (not including the
employer contribution amount as "earned income" for these purposes);

o SEPs must satisfy certain participation and nondiscrimination requirements
not generally applicable to IRAs; and

o Some SEPs for small employers permit salary deferrals (up to $10,000 in
1999) with the employer making these contributions to the SEP. However, no
new "salary reduction" or "SAR-SEPs" can be established after 1996.

You will also be provided the same information, and have the same "free
look" period, as you would have if you were purchasing the contract for a
standard IRA.

SIMPLE-IRAs

SIMPLE-IRAs are another variation on the standard IRA, available to small
employers (under 100 employees, on a "controlled group" basis) that do not offer
other tax favored plans. SIMPLE-IRAs are also subject to the same basic IRA
requirements with the following exceptions:

o Participants in a SIMPLE-IRA may contribute up to $6,000 (in 1999,
indexed), as opposed to the usual $2,000 limit, and employer
contributions may also be provided as either a match (up to 3% of your
compensation; and

o SIMPLE -IRAs are not subject to the SEP nondiscrimination rules.

Roth IRAs

Congress amended the Code in 1997 to add a new Section 408A, creating the "Roth
IRA" as a new type of individual retirement plan. Like standard IRAs, income
within a Roth IRA accumulates tax-free, and contributions are subject to
specific limits. Roth IRAs have, however, the following differences:

o Contributions to a Roth IRA cannot be deducted from your gross income;

o "Qualified distributions" (generally, held for 5 years and payable on
account of death, disability, attainment of age 59-1/2, or first
time-homebuyer) from Roth IRAs are excludable from your gross income;
and

o If eligible, you may make contributions to a Roth IRA after attaining
age 70-1/2, and distributions are not required to begin upon attaining
such age or at any time thereafter.

Because the contract's minimum initial payment of $10,000 is greater than
the maximum annual contribution permitted to be made to a Roth IRA (generally,
$2,000 less any contributions to a traditional IRA), you may purchase a contract
as a Roth IRA only in connection with a "rollover" or "conversion" of the
proceeds of another traditional IRA, conduit IRA, SEP, SIMPLE-IRA, or Roth IRA.
The Code permits persons who meet certain income limitations (generally,
adjusted gross income under $100,000), and who receive certain qualifying
distributions from such non-Roth IRAs, to directly rollover or make, within 60
days, a "rollover" of all or any part of the amount of such distribution to a
Roth IRA which they establish. This conversion triggers current taxation (but is
not subject to a 10% early distribution penalty). Once the contract has been
purchased, regular Roth IRA contributions will be accepted to the extent
permitted by law.

TDAs

You may own TDAs generally if you are either an employer or employee of a
tax-exempt organization (as defined under Code Section 501(c)(3)) or a public
educational organization, you may make contributions to a TDA so long as the
employee's rights to the annuity are nonforfeitable. Contributions to a TDA, and
any earnings, are not taxable until distribution. You may also make
contributions to a TDA under a salary reduction agreement, generally up to a
maximum of $10,000 (1999, indexed). Further, you may roll over TDA amounts to
another TDA or an IRA.

A contract may only qualify as a TDA if distributions (other than
"grandfathered" amounts held as of

31
<PAGE>

December 31, 1988) may be made only on account of:

o Your attainment of age 59-1/2;

o Your severance of employment;

o Your death;

o Your total and permanent disability; OR

o Hardship (under limited circumstances, and only related to salary
deferrals and any earnings attributable to these amounts).

In any event, you must begin receiving distributions from your TDA by April
1st of the calendar year after the calendar year you turn age 70 1/2 or retire,
whichever is later.

These distribution limits do not apply either to transfers or exchanges of
investments under the contract, or to any "direct transfer" of your interest in
the contract to another TDA or to a mutual fund "custodial account" described
under Code Section 403(b)(7).

Employer contributions to TDAs are subject to the same general contribution,
nondiscrimination, and minimum participation rules applicable to "qualified"
retirement plans.

ADDITIONAL TAX FEATURES FOR TAX FAVORED PLANS

MINIMUM DISTRIBUTION OPTION

If you hold the contract under an IRA or other tax favored plan, you can satisfy
the IRS minimum distribution requirements described above (generally,
distribution after age 70 1/2) under the contract without either annuitizing or
"cash surrendering" a portion of the contract. You, as owner of the contract,
can select either a "calculation" or "recalculation" method to determine the
minimum distribution. We will send you a check for the minimum distribution
amount, less any other partial withdrawals that you made during the year. More
information on the mechanics of this calculation is available on request.

PENALTY FOR EARLY WITHDRAWALS

You may owe a 10% penalty tax to the taxable part of distributions received from
an IRA, SEP, SIMPLE-IRA (which may increase to 25%), Roth IRA, TDA or qualified
retirement plan before you attain age 59 1/2. There are only limited exceptions
to this tax, and you should consult your tax adviser for further details.

WITHHOLDING

The Code requires a mandatory 20% federal income tax withholding for certain
distributions from a TDA or qualified retirement plan, unless the distribution
is an eligible rollover contribution that is "directly" rolled into another
qualified plan, IRA (including the IRA variations described above) or TDA.. For
all other distributions, unless you elect otherwise, we will withhold federal
income tax from the taxable portion of such distribution at an appropriate
percentage. The rate of withholding on annuity payments where no mandatory
withholding is required is determined on the basis of the withholding
certificate that you file with us. If you do not file a certificate, we will
automatically withhold federal taxes on the following basis:

o For any annuity payments not subject to mandatory withholding, you will have
taxes withheld by us as if you are a married individual, with 3 exemptions;
and

o For all other distributions, you will be withheld at a 10% rate.

We will provide you with forms and instructions concerning the right to
elect that no amount be withheld from payments in the ordinary course. However,
you should know that, in any event, you are liable for payment of federal income
taxes on the taxable portion of the distributions, and you should consult with
your tax advisor to find out more information on your potential liability if you
fail to pay such taxes.

ERISA DISCLOSURE/REQUIREMENTS

ERISA (the "Employee Retirement Income Security Act of 1974") and the Code
prevents a fiduciary and other "parties in interest" with respect to a plan
(and, for these purposes, an IRA would also constitute a "plan") from receiving
any benefit from any party dealing with the plan, as a result of the sale of the
contract Administrative exemptions under ERISA generally permit the sale of
insurance/annuity products to plans, provided that certain information is
disclosed to the person purchasing the contract. This information has to do
pri-

32
<PAGE>
9:
TAX CONSIDERATIONS ASSOCIATED WITH THE DISCOVERY SELECT CONTRACT continued
- --------------------------------------------------------------------------------

marily with the fees, charges, discounts and other costs related to the
contract, as well as any commissions paid to any agent selling the contract.

Information about any applicable fees, charges, discounts, penalties or
adjustments may be found under "What Are the Expenses Associated with the
Discovery Select Contract" starting on page __.

Information about sales representatives and commissions may be found under
"Other Information" and "Sale of the Contract and Distributor" on page __.

In addition, other relevant information required by the exemptions is
contained in the contract and accompanying documentation. Please consult your
tax advisor if you have any additional questions.

33
<PAGE>

10:
OTHER
INFORMATION

- --------------------------------------------------------------------------------

PRUCO LIFE INSURANCE COMPANY

Pruco Life Insurance Company is a stock life insurance company organized in 1971
under the laws of the State of Arizona. Pruco Life is licensed to sell life
insurance and annuities in the District of Columbia, Guam and in all states
except New York and therefore is subject to the insurance laws and regulations
of all the jurisdictions where it is licensed to do business. Pruco Life is a
wholly-owned subsidiary of The Prudential Life Insurance Company of America
(Prudential), a mutual insurance company founded in 1875 under the laws of the
State of New Jersey.

Pruco Life publishes annual and quarterly reports that are filed with the
SEC. These reports contain financial information about Pruco Life that is
audited annually by independent accountants. The most recent annual report is
contained in the Statement of Additional Information. While Pruco Life's annual
report is not ordinarily mailed to contractholders, you can obtain a copy at no
cost by calling us at the number that appears on the cover of this prospectus.
This information together with the current reports filed with the SEC, as
required by section 15 of the Exchange Act of 1934, is legally a part of this
prospectus.

Prudential is currently considering reorganizing itself onto a publicly
traded stock company through a process known as "demutualization." On February
10, 1998, the company's Board of Directors authorized management to take
preliminary steps necessary to allow the company to demutualize. On July 1,
1998, legislation was enacted in New Jersey that would permit this conversion to
occur and that specified the process for conversion. Demutualization is a
complex process involving development of a plan of reorganization, adoption of a
plan by the company's Board of Directors, a public hearing, voting by qualified
policyholders and regulatory approval. This process could take two or more years
to complete. Prudential's management and Board of Directors have not yet
determined to demutalize and it is possible that, after careful review,
Prudential could decide not to go public.

The plan of reorganization, which has not been developed and approved, would
provide the criteria for determining eligibility and the methodology for
allocating shares or other consideration to those who would be eligible.
Generally, the amount of shares or other consideration eligible customers would
receive would be based on a number of factors, including types, amounts and
issue years of their policies. As a general rule, owners of Prudential-issued
insurance policies and annuity contracts would be eligible, while mutual fund
customers and customers of the company's subsidiaries, such as the Pruco Life
insurance companies, would not be. It has not yet been determined whether any
exceptions to that general rule will be made with respect to policyholders and
contractowners of Prudential's subsidiaries.

THE SEPARATE ACCOUNT

We have established a separate account, the Pruco Life Flexible Premium Variable
Annuity Account (Separate Account), to hold the assets that are associated with
the contracts. The Separate Account was established under Arizona law on June
16, 1995, and is registered with the U.S. Securities and Exchange Commission
under the Investment Company Act of 1940, as a unit investment trust, which is a
type of investment company. The assets of the Separate Account are held in the
name of Pruco Life and legally belong to us. These assets are kept separate from
all of our other assets and may not be charged with liabilities arising out of
any other business we may conduct. More detailed information about Pruco Life,
including its audited financial statements, is provided in Part III of this
prospectus.

EXPERTS

The consolidated financial statements of Pruco Life as of December 31, 1998 and
1997 and for each of the three years in the period ended December 31, 1998,
included in the Statement of Additional Information, have been so included in
reliance on the report of PricewaterhouseCoopers LLP, independent accountants
given on the authority of said firm as experts in auditing and accounting.
PricewaterhouseCoopers LLP's principal business address is 1177 Avenue of the
Americas, New York, New York 10036.

34
<PAGE>
10:
OTHER INFORMATION continued
- --------------------------------------------------------------------------------

SALE OF THE CONTRACT AND DISTRIBUTOR

Prudential Investment Management Services LLC ("PIMS"), 751 Broad Street,
Newark, New Jersey 07102-3777, acts as the distributor of the contracts. PIMS is
a wholly-owned subsidiary of Prudential and is a limited liability corporation
organized under Delaware law in 1996. It is a registered broker-dealer under the
Securities Exchange Act of 1934 and a member of the National Association of
Securities Dealers, Inc. Commissions for the sales of contracts are paid to
Prudential representatives and to other independent broker-dealers who sell the
contracts. Registered representatives of independent broker-dealers may be paid
on a different basis than those affiliated with PIMS. The maximum commission
that will be paid to the broker-dealer to cover both the individual
representative's commission and other distribution expenses will not be more
than 6.0% of the purchase payment.

ASSIGNMENT

You can assign the contract at any time during your lifetime. We will not be
bound by the assignment until we receive written notice. We will not be liable
for any payment or other action we take in accordance with the contract if that
action occurs before we receive notice of the assignment. An assignment, like
any other change in ownership, may trigger a taxable event.

If the contract is issued under a qualified plan, there may be limitations
on your ability to assign the contract. For further information please speak to
your financial professional.

FINANCIAL STATEMENTS

The financial statements of the Separate Account associated with Discovery
Select are included in the Statement of Additional Information.

YEAR 2000 COMPLIANCE

THE YEAR 2000 ISSUE

The Year 2000 issue is best understood as a computer hardware and software
problem involving the way dates are stored and processed in computer systems.
The services provided to you as a purchaser of Discovery Select depend on the
smooth functioning of these computer systems. Many computer systems in use today
are programmed to recognize only the last two digits of a date as the year. As a
result, any systems using this kind of programming can not distinguish a date
using "00" and may treat it as 1900 instead of 2000. This problem may impact
computer systems that store business information, but it could also affect other
equipment used in our business such as telephones, fax machines and elevators.
If this problem is not corrected, the "Year 2000" issue could affect the
accuracy and integrity of business records. Prudential's regular business
operations could be interrupted as well as those of other companies that deal
with us.

In addition, the operations of the mutual funds associated with the
Discovery Select contract could experience problems resulting from the Year 2000
issue. Please refer to the mutual fund prospectus for information regarding
their approach to Year 2000 concerns.

To address this potential problem Prudential has organized its Year 2000
efforts around the following three areas:

o BUSINESS APPLICATIONS - Computer programs directly used to support our
business.

o INFRASTRUCTURE - Computers and other business equipment such as telephones
and fax machines.

o BUSINESS PARTNERS - Year 2000 readiness of essential business partners.

BUSINESS APPLICATIONS. The business applications component includes a wide
range of computer programs that directly support Prudential's business
operations including applications used for insurance product administration,
securities trading, personnel record keeping and general accounting systems. All
business applications have been analyzed to determine whether each computer
program with a Year 2000 problem should be retired, replaced or renovated.
Renovation, replacement, and retirement of business applications are now
substantially complete. Newly developed or purchased programs are being tested
prior to their use.

INFRASTRUCTURE. As with business applications, we have established a
specific methodology and process for addressing infrastructure issues. The
infrastructure effort includes mainframe computer system hardware

35
<PAGE>

and operating system software, mid-range systems and servers, telecommunications
equipment and systems, buildings and facilities systems, personal computers and
vendor hardware and software. With the exception of personal computers, which
are scheduled for completion in the third quarter of 1999, infrastructure
systems are substantially complete.

BUSINESS PARTNERS. Early in the Year 2000 program, Prudential recognized the
importance of determining the Year 2000 readiness of external business
relationships, especially those that involve electronic data transfer services
and products that impact our essential business processes. We first classified
each business partner as a "priority" or "non-priority" to our business and then
began to develop risk assessment and contingency plans to address the
possibility that a business partner could experience a Year 2000 failure. All
priority and non-priority business partner relationships have been assessed and
contingency planning is complete. We will continue to assess our risk, review
and update our contingency planning and assess any new business partners until
2000 in an effort to minimize risk.

Prudential believes that its Year 2000 project is substantially on schedule.
A small number of the projects may not meet their targeted completion date but
we expect that these projects will be completed by September, 1999. Should there
be any delays, they will not significantly impact the timing of the project as a
whole.

THE COST OF YEAR 2000 READINESS

Prudential is funding the Year 2000 program from internal operating budgets, and
estimates that its total costs to address the Year 2000 issue will be
approximately $232 million. Because these expenses were part of the operating
budget, they do not impact the management of Discovery Select. During the course
of the Year 2000 program, some optional computer projects have been delayed, but
these delays have not had any material effect on Discovery Select.

YEAR 2000 RISKS AND CONTINGENCY PLANNING

Prudential believes that it is well positioned to lessen the impact of the Year
2000 problem. However, given the nature of this issue, we cannot be 100% certain
of Year 2000 readiness of third parties. As a result,, we are unable to
determine at this time whether the consequences of Year 2000 failures may have a
material adverse effect on the results of Prudential's operations, liquidity or
financial condition. In the worst case, it is possible that a Year 2000
technology failure, whether internal or external, could have a material impact
on Prudential's results of operations, liquidity, or financial position. If
Prudential is unable to achieve Year 2000 compliance on a timely basis, we may
have difficulty in responding to your incoming phone calls, calculating your
unit values or processing withdrawals and purchase payment. It is also possible
that the mutual funds associated with Discovery Select will be unable to value
their securities, in turn creating difficulties in purchasing or selling shares
of the mutual fund and calculating corresponding unit asset values. The
objective of Prudential's Year 2000 program is to reduce these risks as much as
possible.

Most of the operations of Discovery Select involve such a large number of
individual transactions that they can only be handled with the help of
computers. As a result, our current contingency plans include responses to the
failure of specific business applications or infrastructure components.
Prudential will continue to review and update its contingency plans until 2000
in an effort to reduce the level of uncertainty about the effect of the Year
2000 issue and further minimize risk. Prudential believes that with the
completion of its Year 2000 program as scheduled, the possibility of significant
interruptions of normal operations will be reduced.

STATEMENT OF ADDITIONAL INFORMATION

Contents:
o Company
o Experts
o Litigation
o Legal Opinions
o Principal Underwriter
o Determination of Accumulation Unit Values
o Performance Information
o Comparative Performance Information
o Further Information about the Death Benefit

o Federal Tax Status

o Financial Information

36
<PAGE>
Accumulation Unit Values
- --------------------------------------------------------------------------------

ACCUMULATION UNIT VALUES: AS A PERCENTAGE OF EACH FUND'S AVERAGE DAILY NET ASSETS
- -----------------------------------------------------------------------------------------------------------------------------
ACCUMULATION UNIT VALUE ACCUMULATION UNIT VALUE NUMBER OF ACCUMULATION UNITS
AT BEGINNING OF PERIOD AT END OF PERIOD OUTSTANDING AT END OF PERIOD
<S> <C> <C> <C> <C>
PRUDENTIAL DIVERSIFIED BOND PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.03731 $1.06033 6,007,104
1/1/97 to 12/31/97 $1.06033 $1.13525 83,725,723
1/1/98 to 12/31/98 $1.13525 $1.19977 279,253,272

PRUDENTIAL EQUITY INCOME PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.13494 $1.23339 2,784,921
1/1/97 to 12/31/97 $1.23339 $1.66167 99,533,257
1/1/98 to 12/31/98 $1.66167 $1.59960 254,746,617

PRUDENTIAL EQUITY PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.13479 $1.20807 8,287,181
1/1/97 to 12/31/97 $1.20807 $1.48518 134,944,417
1/1/98 to 12/31/98 $1.48518 $1.60144 280,479,415

PRUDENTIAL GLOBAL PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.14330 $1.19505 1,375,156
1/1/97 to 12/31/97 $1.19505 $1.26079 18,580,228
1/1/98 to 12/31/98 $1.26079 $1.55516 34,899,069

PRUDENTIAL HIGH YIELD PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.11250 $1.12263 8,231,178
1/1/97 to 12/31/97 $1.12263 $1.25972 84,952,656
1/1/98 to 12/31/98 $1.25972 $1.21296 227,901,703

PRUDENTIAL MONEY MARKET PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.03576 $1.04505 16,621,393
1/1/97 to 12/31/97 $1.04505 $1.08688 80,833,415
1/1/98 to 12/31/98 $1.08688 $1.12985 196,092,083

PRUDENTIAL JENNISON PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.12169 $1.13943 4,882,616
1/1/97 to 12/31/97 $1.13943 $1.48006 72,354,119
1/1/98 to 12/31/98 $1.48006 $2.00651 209,542,146

PRUDENTIAL SMALL CAPITALIZATION STOCK PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
9/1/98* to 12/31/98 $1.02621 $1.25353 6,947,511

PRUDENTIAL STOCK INDEX PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.07837 $1.13652 7,481,300
1/1/97 to 12/31/97 $1.13652 $1.48876 115,667,746
1/1/98 to 12/31/98 $1.48876 $1.88540 261,786,090

AIM VI GROWTH AND INCOME FUND
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00065 $1.03757 3,408,550
1/1/97 to 12/31/97 $1.03757 $1.28644 32,365,952
1/1/98 to 12/31/98 $1.28644 $1.61976 59,407,686

AIM VI VALUE FUND
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00223 $1.04935 4,033,864
1/1/97 to 12/31/97 $1.04935 $1.27997 37,009,785
1/1/98 to 12/31/98 $1.27997 $1.67125 70,530,542

AMERICAN CENTURY VP VALUE FUND
- -----------------------------------------------------------------------------------------------------------------------------
9/1/98* to 12/31/98 $1.02098 $1.17305 3,082,973

THIS CHART CONTINUES ON THE NEXT PAGE
</TABLE>

37
<PAGE>
<TABLE>
<CAPTION>

ACCUMULATION UNIT VALUES (CONTINUED): AS A PERCENTAGE OF EACH FUND'S AVERAGE DAILY NET ASSETS
- -----------------------------------------------------------------------------------------------------------------------------
ACCUMULATION UNIT VALUE ACCUMULATION UNIT VALUE NUMBER OF ACCUMULATION UNITS
AT BEGINNING OF PERIOD AT END OF PERIOD OUTSTANDING AT END OF PERIOD
<S> <C> <C> <C> <C>
JANUS ASPEN SERIES GROWTH PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00191 $1.00830 5,459,309
1/1/97 to 12/31/97 $1.00830 $1.22056 40,236,135
1/1/98 to 12/31/98 $1.22056 $1.63278 70,344,877

JANUS ASPEN SERIES INTN'L GROWTH PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00130 $1.05349 5,902,196
1/1/97 to 12/31/97 $1.05349 $1.23121 63,737,492
1/1/98 to 12/31/98 $1.23121 $1.42337 95,669,051

MFS EMERGING GROWTH SERIES
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00860 $0.95812 5,755,823
1/1/97 to 12/31/97 $0.95812 $1.15186 44,342,700
1/1/98 to 12/31/98 $1.15186 $1.52386 96,930,075

MFS RESEARCH SERIES
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00228 $1.02610 2,727,174
1/1/97 to 12/31/97 $1.02610 $1.21695 31,409,623
1/1/98 to 12/31/98 $1.21695 $1.48048 50,551,268

OCC ACCUMULATION TRUST MANAGED PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $0.99909 $1.05185 8,643,614
1/1/97 to 12/31/97 $1.05185 $1.26868 144,784,302
1/1/98 to 12/31/98 $1.26868 $1.34022 302,639,179

OCC ACCUMULATION TRUST SMALL CAP PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $0.99623 $1.05106 2,345,893
1/1/97 to 12/31/97 $1.05106 $1.26710 36,276,987
1/1/98 to 12/31/98 $1.26710 $1.13668 68,479,356

TEMPLETON VARIABLE PRODUCTS SERIES FUND
FRANKLIN SMALL CAP INVESTMENTS FUND - CLASS 2
- -----------------------------------------------------------------------------------------------------------------------------
9/1/98* to 12/31/98 $1.00945 $1.24477 2,820,341

T. ROWE PRICE EQUITY INCOME PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $0.99996 $1.04885 6,578,342
1/1/97 to 12/31/97 $1.04885 $1.33212 65,481,114
1/1/98 to 12/31/98 $1.33212 $1.43277 110,131,073

T. ROWE PRICE INTN'L SERIES - INTN'L STOCK PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00159 $1.03988 2,951,074
1/1/97 to 12/31/97 $1.03988 $1.05690 22,039,049
1/1/98 to 12/31/98 $1.05690 $1.20747 29,923,449

WARBURG PINCUS TRUST POST-VENTURE CAPITAL PORTFOLIO
- -----------------------------------------------------------------------------------------------------------------------------
10/7/96* to 12/31/97 $1.00587 $0.95745 1,786,115
1/1/97 to 12/31/97 $0.95745 $1.07018 11,039,843
1/1/98 to 12/31/98 $1.07018 $1.12410 18,649,002

* COMMENCEMENT OF BUSINESS
</TABLE>

38
<PAGE>
MARKET-VALUE
ADJUSTMENT FORMULA
- --------------------------------------------------------------------------------

MARKET-VALUE ADJUSTMENT FORMULA

WITH RESPECT TO RESIDENTS OF STATES, OTHER THAN PENNSYLVANIA, IN WHICH DISCOVERY
SELECT IS BEING OFFERED. WITH RESPECT TO RESIDENTS OF PENNSYLVANIA, SEE PAGE 37.

THE ADJUSTMENT INVOLVES THREE AMOUNTS

The Market-Value Adjustment, which is applied to withdrawals and
transfers made at any time other than the 30-day period following the end of an
interest rate period, involves three amounts:

1) The number of whole months remaining in the existing interest rate period.

2) The guaranteed interest rate.

3) The interest rate that Pruco Life declares for a duration of one year longer
than the number of whole years remaining on the existing cell being
withdrawn from.

STATED AS A FORMULA, THE MARKET VALUE IS EQUAL TO:
(M/12) X (R-C)

NOT TO EXCEED +0.40 OR BE LESS THAN -0.40; Where,

- --------------------------------------------------------------------------------
M = the number of whole months (not to be less than one) remaining in the
interest-rate period.

R = the Contract's guaranteed interest-rate expressed as a decimal. Thus 6.2% is
converted to 0.062.

C = the interest-rate, expressed as a decimal, that Pruco Life declares for a
duration equal to the number of whole years remaining in the present
interest-rate period, plus 1 year as of the date the request for a
withdrawal or transaction is received.
- --------------------------------------------------------------------------------

The Market-Value Adjustment is then equal to the Market Value Factor multiplied
by the amount subject to a Market-Value Adjustment.

STEP BY STEP

THE STEPS BELOW EXPLAIN HOW A MARKET-VALUE ADJUSTMENT IS CALCULATED.

STEP 1: Divide the number of whole months left in the existing interest rate
period (not to be less than one) by 12.

STEP 2: Divide the interest rate Pruco Life declares on the date the request for
withdrawal or transfer is received for a duration of years equal to the whole
number of years determined in Step 1, plus 1 additional year. Subtract this
interest rate from the guaranteed interest rate. The result could be negative.

STEP 3: Multiply the results of Step 1 and Step 2. Again, the result could be
negative. If the result is less than -0.4, use the value -0.4. If the result is
in between -0.4 and 0.4, use the actual value. If the result is more than 0.4,
use the value 0.4.

STEP 4: Multiply the result of Step 3 (which is the Market Value Factor) by the
value of the amount subject to a Market-Value Adjustment. The result is the
Market-Value Adjustment.

STEP 5: The result of Step 4 is added to the interest cell. If the Market-Value
Adjustment is positive, the interest cell will go up in value. If the
Market-Value Adjustment is negative, the interest cell will go down in value.

DEPENDING UPON WHEN THE WITHDRAWAL REQUEST IS MADE, A WITHDRAWAL CHARGE MAY
APPLY.

THE FOLLOWING EXAMPLE WILL ILLUSTRATE THE APPLICATION OF A MARKET-VALUE
ADJUSTMENT AND THE DETERMINATION OF THE WITHDRAWAL CHARGE: SUPPOSE A
CONTRACTOWNER MADE TWO INVESTED PURCHASE PAYMENTS, THE FIRST IN THE AMOUNT OF
$10,000 ON DECEMBER 1, 1995, ALL OF WHICH WAS ALLOCATED TO THE EQUITY
SUBACCOUNT, AND THE SECOND IN THE AMOUNT OF $5,000 ON OCTOBER 1, 1997, ALL OF
WHICH WAS ALLOCATED TO THE MVA OPTION WITH A GUARANTEED INTEREST RATE OF 8%
(0.08) FOR 7 YEARS. A REQUEST FOR WITHDRAWAL OF $8,500 IS MADE ON FEBRUARY 1,
2000 (THE CONTRACT OWNER DOES NOT PROVIDE ANY WITHDRAWAL INSTRUCTIONS). ON THAT
DATE THE AMOUNT IN THE EQUITY SUBACCOUNT IS EQUAL TO $12,000 AND THE AMOUNT IN
THE INTEREST CELL WITH A MATURITY DATE OF SEPTEMBER 30, 2004 IS $5,985.23, SO
THAT THE CONTRACT FUND ON THAT DATE IS EQUAL TO $17,985.23.

ON FEBRUARY 1, 2000, THE INTEREST RATES DECLARED BY PRUCO LIFE FOR THE
DURATION OF 5 YEARS (4 WHOLE YEARS REMAINING UNTIL SEPTEMBER 30, 2004, PLUS 1
YEAR) IS 11%.

39
<PAGE>

THE FOLLOWING COMPUTATIONS WOULD BE MADE:

1) Calculate the Contract Fund value as of the effective date of the
transaction. This would be $17,985.23.

2) Calculate the charge-free amount (the amount of the withdrawal that is not
subject to a withdrawal charge).

Date Payment Free
-------------------------------------------------
12/1/95 $10,000 $1,000
12/1/96 $2,000
10/1/97 $5,000 $2,500
12/1/97 $4,000
12/1/98 $5,500
12/1/99 $7,000

The charge-free amount in the fifth Contract year is 10% of $15,000 (total
purchase payments) plus $5,500 (the charge-free amount available in the
fourth Contract year) for a total of $7,000.

3) Since the withdrawal request is in the fifth Contract year, a 3% withdrawal
charge rate applies to any portion of the withdrawal which is not
charge-free.

----------------------------------------------
$8,500.00 REQUESTED WITHDRAWAL AMOUNT
-$7,000.00 CHARGE-FREE
-----------------------------------------
$1,500.00 ADDITIONAL AMOUNT NEEDED TO
COMPLETE WITHDRAWAL

The Contract provides that the Contract Fund will be reduced by an amount
which, when reduced by the withdrawal charge, will equal the amount
requested. Therefore, in order to produce the amount needed to complete the
withdrawal request ($1,500), we must "gross-up" that amount, before applying
the withdrawal charge rate. This is done by dividing by 1 minus the
withdrawal charge rate.

-----------------------------------------
$1,500.00 / (1-.03) =
$1,500.00 / 0.97 = $1,546.39 GROSSED-UP AMOUNT

Please note that a 3% withdrawal charge on this grossed-up amount reduces it
to $1,500, the balance needed to complete the request.

-----------------------------------------------
$1,546.39 GROSSED-UP AMOUNT
X .03 WITHDRAWAL CHARGE RATE
-----------------------------------
$46.39 WITHDRAWAL CHARGE

4) The Market Value Factor is determined as described in steps 1 through 5,
above. In this case, it is equal to 0.08 (8% is the guaranteed rate in the
existing cell) minus 0.11 (11% is the interest-rate that would be offered
for an interest cell with a duration of the remaining whole years plus 1),
which is -0.03, multiplied by 4.58333 (55 months remaining until September
30, 2004, divided by 12) or -0.13750. Thus, there will be a negative
Market-Value Adjustment of 14% of the amount in the interest cell that is
subject to the adjustment.

-------------------------------------------------
-0.13750 x $5,985.23 =
-822.97 NEGATIVE MVA
-----------------------------------------
$5,985.23 UNADJUSTED VALUE
$5,162.26 ADJUSTED VALUE
-----------------------------------------
$12,000.00 EQUITY VALUE
$17,162.26 ADJUSTED CONTRACT FUND

5) The total amount to be withdrawn, $8,546.39, (sum of the surrender charge,
$46.39, and the requested withdrawal amount of $8,500) is apportioned over
all accounts making up the Contract Fund following the Market-Value
Adjustments, if any, associated with the MVA option.

--------------------------------------------------
EQUITY
($12,000/$17,162.26) x $8,546.39 = $5,975.71
--------------------------------------------------
7-Yr MVA
($5,162.26/$17,162.26) x $8,546.39= $2,570.68
---------
$8,546.39

6) The adjusted value of the interest cell, $5,162.26, reduced by the
withdrawal of $2,570.68 leaves $2,591.58. This amount must be "unadjusted"
by dividing it by 0.86250 (1 plus the Market-Value Adjustment of -0.13750)
to determine the amount remaining in the interest cell to which the
guaranteed interest-rate of 8% will continue to be credited until September
30, 2004 or a subsequent withdrawal. That amount is $3,004.73.

40
<PAGE>

MARKET-VALUE ADJUSTMENT FORMULA continued
- --------------------------------------------------------------------------------

MARKET-VALUE ADJUSTMENT FORMULA

WITH RESPECT TO RESIDENTS OF PENNSYLVANIA ONLY.

THE ADJUSTMENT INVOLVES THREE AMOUNTS

The Market-Value Adjustment, which is applied to withdrawals and transfers made
at any time other than the 30-day period following the end of an interest rate
period, involves three amounts:

1) The number of whole months remaining in the existing interest rate period.

2) The guaranteed interest rate.

3) The interpolated value of the interest rates that Pruco Life declares for
the number of whole years remaining and the duration 1 year longer than the
number of whole years remaining in the existing interest rate period.

STATED AS A FORMULA, THE MARKET VALUE IS EQUAL TO:
(M/12) X (R-C)

NOT TO EXCEED +0.40 OR BE LESS THAN -0.40; Where,

- --------------------------------------------------------------------------------
M = the number of whole months (not to be less than one) remaining in the
interest-rate period.

R = the Contract's guaranteed interest-rate expressed as a decimal. Thus 6.2% is
converted to 0.062.

C = the interpolated value of the interest rates, expressed as a decimal, that
Pruco Life declares for the number of whole years remaining and the duration
1 year longer than the number of whole years remaining as of the date the
request for a withdrawal or transfer is received or m/365 x (n+1) year rate
+ (365-m)/365 x n year rate, where "n" equals years and "m" equals days
remaining in year "n" of the existing interest rate period.
- --------------------------------------------------------------------------------

The Market-Value Adjustment is then equal to the Market Value Factor multiplied
by the amount subject to a Market-Value Adjustment.

STEP BY STEP

THE STEPS BELOW EXPLAIN HOW A MARKET-VALUE ADJUSTMENT IS CALCULATED.

STEP 1: Divide the number of whole months left in the existing interest rate
period (not to be less than one) by 12.

STEP 2: Interpolate the interest rates Pruco Life declares on the date the
request for withdrawal or transfer is received for the duration of years equal
to the whole number of years determined in Step 1, plus the whole number of
years plus 1 additional year.

STEP 3: Subtract this interpolated interest rate from the guaranteed interest
rate. The result could be negative.

STEP 4: Multiply the results of Step 1 and Step 2. Again, the result could be
negative. If the result is less than -0.4, use the value -0.4. If the result is
in between -0.4 and 0.4, use the actual value. If the result is more than 0.4,
use the value 0.4.

STEP 5: Multiply the result of Step 3 (which is the Market Value Factor) by the
value of the amount subject to a Market-Value Adjustment. The result is the
Market-Value Adjustment.

STEP 6: The result of Step 4 is added to the interest cell. If the Market-Value
Adjustment is positive, the interest cell will go up in value. If the
Market-Value Adjustment is negative, the interest cell will go down in value.

DEPENDING UPON WHEN THE WITHDRAWAL REQUEST IS MADE, A WITHDRAWAL CHARGE MAY
APPLY.

THE FOLLOWING EXAMPLE WILL ILLUSTRATE THE APPLICATION OF A MARKET-VALUE
ADJUSTMENT AND THE DETERMINATION OF THE WITHDRAWAL CHARGE. SUPPOSE A
CONTRACTOWNER MADE TWO INVESTED PURCHASE PAYMENTS, THE FIRST IN THE AMOUNT OF
$10,000 ON DECEMBER 1, 1995, ALL OF WHICH WAS ALLOCATED TO THE EQUITY
SUBACCOUNT, AND THE SECOND IN THE AMOUNT OF $5,000 ON OCTOBER 1, 1997, ALL OF
WHICH WAS ALLOCATED TO THE MVA OPTION WITH A GUARANTEED INTEREST RATE OF 8%
(0.08) FOR 7 YEARS. A REQUEST FOR WITHDRAWAL OF $8,500 IS MADE ON FEBRUARY 1,
2000 (THE CONTRACT OWNER DOES NOT PROVIDE ANY WITHDRAWAL INSTRUCTIONS). ON THAT
DATE THE AMOUNT IN THE EQUITY SUBACCOUNT IS EQUAL TO $12,000 AND THE AMOUNT IN
THE INTEREST CELL WITH A MATURITY DATE OF SEPTEMBER 30, 2004 IS $5,985.23, SO
THAT THE CONTRACT FUND ON THAT DATE IS EQUAL TO $17,985.23.

ON FEBRUARY 1, 2000, THE INTEREST RATES DECLARED BY PRUCO LIFE FOR THE
DURATION'S 4 AND 5 YEARS (4 WHOLE YEARS REMAINING UNTIL SEPTEMBER 30, 2004, PLUS
1 YEAR) ARE 10.8% AND 11.4%, RESPECTIVELY.

41
<PAGE>

THE FOLLOWING COMPUTATIONS WOULD BE MADE:

1) Calculate the Contract Fund value as of the effective date of the
transaction. This would be $17,985.23.

2) Calculate the charge-free amount (the amount of the withdrawal that is not
subject to a withdrawal charge).

Date Payment Free
-------------------------------------------------
12/1/95 $10,000 $1,000
12/1/96 $2,000
10/1/97 $5,000 $2,500
12/1/97 $4,000
12/1/98 $5,500
12/1/99 $7,000

The charge-free amount in the fifth Contract year is 10% of $15,000 (total
purchase payments) plus $5,500 (the charge-free amount available in the
fourth Contract year) for a total of $7,000.

3) Since the withdrawal request is in the fifth Contract year, a 3% withdrawal
charge rate applies to any portion of the withdrawal which is not
charge-free.

-------------------------------------------------
$8,500.00 REQUESTED WITHDRAWAL AMOUNT
-$7,000.00 CHARGE-FREE
-----------------------------------------
$1,500.00 ADDITIONAL AMOUNT NEEDED TO
COMPLETE WITHDRAWAL

-----------------------------------------
$1,500.00 / (1-.03) =
$1,500.00 / 0.97 = $1,546.39 GROSSED-UP AMOUNT

Please note that a 3% withdrawal charge on this grossed-up amount reduces it
to $1,500, the balance needed to complete the request.

-----------------------------------------
$1,546.39 GROSSED-UP AMOUNT
X .03 WITHDRAWAL CHARGE RATE
-----------------------------------------
$46.39 WITHDRAWAL CHARGE

4) The Market Value Factor is determined as described in steps 1 through 5,
above. In this case, it is equal to 0.08 (8% is the guaranteed rate in the
existing cell) minus 0.11 (11% is the interpolated value for the interest
rates that would be offered for interest cells with durations of whole years
remaining and whole year plus 1 remaining in the existing interest rate
period), which is -0.03, multiplied by 4.58333 (55 months remaining until
September 30, 2004, divided by 12) or -0.13750. Thus, there will be a
negative Market-Value Adjustment of approximately 14% of the amount in the
interest cell that is subject to the adjustment.

-------------------------------------------------
-0.13750 x $5,985.23 =
-822.97 NEGATIVE MVA
-----------------------------------------
$5,985.23 UNADJUSTED VALUE
-----------------------------------------
$5,162.26 ADJUSTED VALUE
$12,000.00 EQUITY VALUE
-----------------------------------------
$17,162.26 ADJUSTED CONTRACT FUND

------------------------------------------------------
EQUITY
($12,000/$17,162.26) x $8,546.39 = $5,975.71
-----------------------------------------------
7-Yr MVA
($5,162.26/$17,162.26) x $8,546.39= $2,570.68
---------
$8,546.39

42
<PAGE>

STATEMENT OF ADDITIONAL INFORMATION

OCTOBER 25, 1999

PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
VARIABLE ANNUITY CONTRACTS

The DISCOVERY SELECT(R) Annuity Contract* (the "contract") is an individual
variable annuity contract issued by the Pruco Life Insurance Company ("Pruco
Life"), a stock life insurance company that is a wholly-owned subsidiary of The
Prudential Insurance Company of America ("Prudential") and is funded through the
Pruco Life Flexible Premium Variable Annuity Account (the "Account"). The
contract is purchased by making an initial purchase payment of $10,000 or more;
subsequent payments must be $1,000 or more.

This statement of additional information is not a prospectus and should be read
in conjunction with the Discovery Select prospectus, dated October 25, 1999. To
obtain a copy of the prospectus, without charge, you can write to the Prudential
Annuity Service Center, P.O. Box 14215, New Brunswick, New Jersey 08906, or by
telephoning (888) PRU-2888.

TABLE OF CONTENTS

PAGE
----
COMPANY......................................................................2
EXPERTS......................................................................2
LITIGATION...................................................................2
LEGAL OPINIONS...............................................................2
PRINCIPAL UNDERWRITER........................................................2
DETERMINATION OF SUBACCOUNT UNIT VALUES......................................2
PERFORMANCE INFORMATION......................................................3
COMPARATIVE PERFORMANCE INFORMATION..........................................5
FURTHER INFORMATION ABOUT THE DEATH BENEFIT..................................5
FEDERAL TAX STATUS...........................................................8
FURTHER INFORMATION ABOUT PRUCO LIFE.........................................12
SEPARATE ACCOUNT FINANCIAL INFORMATION ......................................A-1
COMPANY FINANCIAL INFORMATION ...............................................B-1

PRUCO LIFE INSURANCE COMPANY PRUDENTIAL ANNUITY SERVICE CENTER
213 WASHINGTON STREET P.O. BOX 14215
NEWARK, NEW JERSEY 07102-2992 NEW BRUNSWICK, NEW JERSEY 08906
TELEPHONE: (888) PRU-2888

* DISCOVERY SELECT is a service mark of Prudential.
ORD966391B

<PAGE>

COMPANY

Pruco Life Insurance Company ("Pruco Life") is a stock life insurance company
organized in 1971 under the laws of the State of Arizona. Pruco Life is licensed
to sell life insurance and annuities in the District of Columbia, Guam and all
states except New York.

Pruco Life is a wholly-owned subsidiary of The Prudential Insurance Company of
America ("Prudential"), a mutual life insurance company founded in 1875 under
the laws of the State of New Jersey.

EXPERTS

The financial statements of the Pruco Life Flexible Premium Variable Annuity
Account as of December 31, 1998 and for each of the two years in the period then
ended included in this Statement of Additional Information have been so included
in reliance on the report of PricewaterhouseCoopers LLP, independent accountants
given on the authority of said firm as experts in auditing and accounting.
PricewaterhouseCoopers' principal business address is 1177 Avenue of the
Americas, New York, New York, 10036.

LITIGATION

Several actions have been brought against Pruco Life alleging that Pruco Life
and its agents engaged in improper life insurance sales practices. Prudential
has agreed to indemnify Pruco Life for losses, if any resulting from such
litigation. No other significant litigation is being brought against Pruco Life
that would have a material effect on its financial position.

LEGAL OPINIONS

Shea & Gardner of Washington, D.C., has provided advice on certain matters
relating to the federal securities laws in connection with the contracts.

PRINCIPAL UNDERWRITER

Prudential Investment Management Services LLC ("PIMS"), a subsidiary of
Prudential offers the contracts on a continuous basis through corporate office
and regional home office employees in those states in which contracts may be
lawfully sold. It may also offer the contract through licensed insurance brokers
and agents, or through appropriately registered direct or indirect
subsidiariy(ies) of Prudential, provided clearances to do so are obtained in any
jurisdiction where such clearances may be necessary. During 1998, 1997 and 1996,
the aggregate dollar amount of underwriting commissions paid to and the amounts
retained by PIMS were $52,572, $0, and $0 respectively. During 1998, 1997 and
1996 PIMS paid $52,572, $0 and $0 respectively to cover individual
representatives' commissions and other distribution expenses.

Prudential may pay trail commissions to registered representatives who maintain
an ongoing relationship with a contractholder. Typically, a trail commission is
a compensation that is paid periodically to a representative, the amount of
which is linked to the value of the contract and the amount of time that the
contract has been in effect.

DETERMINATION OF ACCUMULATION UNIT VALUES

The value for each accumulation unit is computed as of the end of each
"valuation period" as defined in the prospectus (also referred to in this
section as "business day"). On any given business day the value of a Unit in
each subaccount will be determined by multiplying the value of a Unit of that
subaccount for the preceding business day by the net investment factor for that
subaccount for the current business day. The net investment factor for any
business day is determined by dividing the value of the assets of the subaccount
for that day by the value of the assets of the subaccount for the preceding
business day (ignoring, for this purpose, changes resulting from new purchase
payments and withdrawals), and subtracting from the result the daily equivalent
of the 1.4% annual charge for contractowners who have NOT elected the Retirement
Income Guarantee or a 1.65% annual charge for contractowners who HAVE elected
the Retirement Income Guarantee. This charge is for administrative expenses and
mortality and expense risks. (See WHAT ARE THE EXPENSES ASSOCIATED WITH THE
DISCOVERY SELECT CONTRACT and CALCULATING CONTRACT VALUE in the prospectus.) The
value of the assets of a subaccount is determined by multiplying the number of
shares of The Prudential Series Fund, Inc. (the "Series Fund") or other Fund
held by that subaccount by the net asset value of each share and adding the
value of dividends declared by the Series Fund or other Fund but not yet paid.

2
<PAGE>

PERFORMANCE INFORMATION

The tables that follow provide performance information for each subaccount
through September 30, 1999. The performance information is based on historical
experience and does not indicate or represent future performance.

AVERAGE ANNUAL TOTAL RETURN

The DISCOVERY SELECT Annuity is a relatively new contract. The returns shown
below were calculated using historical investment returns of the Funds. All
fees, expenses and charges associated with the DISCOVERY SELECT Annuity and the
Funds have been reflected in these returns, as if the Contract had existed from
the inception date of each Funds' portfolios.

Table 1 below shows the average annual rates of total return on hypothetical
investments of $1,000 for periods ended September 30, 1999 in each subaccount
other than the Money Market Subaccount. These figures assume withdrawal of the
investments at the end of the period other than to effect an annuity under the
Contract. This table assumes deferred sales charges.

TABLE 1
AVERAGE ANNUAL TOTAL RETURN

<TABLE>
<CAPTION>
FROM
FIVE TEN SEC
SEC ONE YEAR YEARS YEARS REGISTRATION
FUND REGISTRATION ENDED ENDED ENDED THROUGH
PORTFOLIO DATE 9/30/99 9/30/99 9/30/99 9/30/99
--------- ---- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C>
The Prudential Series Fund
Diversified Bond Portfolio
Diversified Conservative
Growth Portfolio
High Yield Bond Portfolio
Stock Index Portfolio
Equity Income Fund
Equity Portfolio
Prudential Jennison Portfolio
Global Portfolio
Small Capitalization Stock Portfolio
20/20 Focus Portfolio

AIM Variable Insurance Funds, Inc.
AIM V.I. Growth and Income Fund
AIM V.I. Value Fund TO BE FILED BY AMENDMENT

American Century Variable Portfolios, Inc.
American Century VP Value

Janus Aspen Series
Growth Portfolio
International Growth Portfolio

MFS Variable Insurance Trust
Emerging Growth Series
Research Series

OCC Accumulation Trust (Note 2)
Managed Portfolio
Small Cap Portfolio

Templeton Variable Products Series Fund
Franklin Small Cap Investment Fund
--Class 2

T. Rowe Price Equity Series, Inc.
Equity Income Portfolio

T. Rowe Price International Series, Inc.
International Stock Portfolio

Warburg Pincus Trust
Post-Venture Capital Portfolio
</TABLE>

- ---------------
Note 1: This table assumes deferred sales charges.

Note 2: Based on results of the Quest for Value Accumulation Trust and its
predecessor. On September 16, 1994, an investment company which had commenced
operations on August 1, 1988, then called Quest for Value Accumulation Trust
(the "Old Trust"), was effectively divided into two investment funds--the Old
Trust and the present Quest for Value Accumulation Trust (the "Present
Trust")--at which time the Present Trust Commenced Operations.

Note 3: All tables assume a $30.00 annual charge for contracts under $50,000.

3
<PAGE>

The average annual rates of total return shown above are computed by finding the
average annual compounded rates of return over the periods shown that would
equate the initial amount invested to the withdrawal value, in accordance with
the following formula: P(1+T)(n)=ERV. In the formula, P is a hypothetical
investment of $1,000; T is the average annual total return; "n" is the number of
years; and ERV is the withdrawal value at the end of the periods shown.

These figures assume deduction of the maximum withdrawal charge that may be
applicable to a particular period.

TABLE 2
ASSUMES ELECTION OF THE RETIREMENT
INCOME GUARANTEE

AIM Variable Insurance Funds, Inc.
AIM V.I. Growth and Income Fund
AIM V.I. Value Fund TO BE FILED BY AMENDMENT

American Century Variable Portfolios, Inc.
American Century VP Value

Janus Aspen Series
Growth Portfolio
International Growth Portfolio

MFS Variable Insurance Trust
Emerging Growth Series
Research Series

OCC Accumulation Trust (Note 2)
Managed Portfolio
Small Cap Portfolio

Templeton Variable Products Series Fund
Franklin Small Cap Investment Fund
--Class 2

T. Rowe Price Equity Series, Inc.
Equity Income Portfolio

T. Rowe Price International Series, Inc.
International Stock Portfolio

Warburg Pincus Trust
Post-Venture Capital Portfolio
</TABLE>

- ---------------
Note 1: This table assumes deferred sales charges.

Note 3: All tables assume a $30.00 annual charge for contracts under $50,000.

4
<PAGE>

TABLE 3
HISTORICAL AVERAGE ANNUAL TOTAL RETURN
<TABLE>
<CAPTION>
FROM DATE
FIVE TEN PORTFOLIO
ONE YEAR YEARS YEARS ESTABLISHED
FUND DATE ENDED ENDED ENDED THROUGH
PORTFOLIO ESTABLISHED 9/30/99 9/30/99 9/30/99 9/30/99
--------- ----------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C>
The Prudential Series Fund
Diversified Bond Portfolio 6/83
Diversified Conservative
Growth Portfolio
High Yield Bond Portfolio 2/87
Stock Index Portfolio 10/87
Equity Income Fund 2/88
Equity Portfolio 6/83
Prudential Jennison Portfolio 5/95
Global Portfolio 9/88
Small Capitalization Stock Portfolio
20/20 Focus Portfolio

AIM Variable Insurance Funds, Inc.
AIM V.I. Growth and Income Fund 5/94
AIM V.I. Value Fund 6/93 TO BE FILED BY AMENDMENT

American Century Variable Portfolios, Inc.
American Century VP Value

Janus Aspen Series
Growth Portfolio 9/93
International Growth Portfolio 5/94

MFS Variable Insurance Trust
Emerging Growth Series 7/95
Research Series 7/95

OCC Accumulation Trust (Note 2)
Managed Portfolio 8/88
Small Cap Portfolio 8/88

Templeton Variable Products Series Fund
Franklin Small Cap Investment Fund
--Class 2

T. Rowe Price Equity Series, Inc.
Equity Income Portfolio 3/94

T. Rowe Price International Series, Inc.
International Stock Portfolio 3/94

Warburg Pincus Trust
Post-Venture Capital Portfolio 9/96
</TABLE>

- ---------------

Note 1: This table assumes no deferred sales charges.

Note 3: All tables assume a $30.00 annual charge for contracts under $50,000

5
<PAGE>

TABLE 4
HITORICAL AVERAGE TOTAL RETURN
ASSUMING ELECTION OF THE RETIREMENT
INCOME GUARANTEE
<TABLE>
<CAPTION>
FROM DATE
FIVE TEN PORTFOLIO
ONE YEAR YEARS YEARS ESTABLISHED
FUND DATE ENDED ENDED ENDED THROUGH
PORTFOLIO ESTABLISHED 9/30/99 9/30/99 9/30/99 9/30/99
--------- ----------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C>
The Prudential Series Fund
Diversified Bond Portfolio 6/83
Diversified Conservative
Growth Portfolio
High Yield Bond Portfolio 2/87
Stock Index Portfolio 10/87
Equity Income Fund 2/88
Equity Portfolio 6/83
Prudential Jennison Portfolio 5/95
Global Portfolio 9/88
Small Capitalization Stock Portfolio
20/20 Focus Portfolio