Manager Profile This general information is provided by and used with the permission of this manager. It may not contain information about the Pacific Select Fund portfolios managed by this manager. Pacific Select Fund portfolios are available only through variable products. Company Profile Capital Research and Management (American Funds) American Funds is one of the nation's oldest mutual fund families, serving investors since 1931. They are also one of the nation's largest – third largest, in fact – representing over 30 million shareholder accounts. American Funds are distributed through financial advisors because they believe in the value of professional advice. American Funds Insurance Series® is guided by the same investment manager as the 29 American Funds. American Funds and American Funds Insurance Series accounted for more than $1.1 trillion in assets under management, as of 12/31/06. Four factors help make American Funds Insurance Series different: Long-term, value-oriented approach — American Funds strives to buy the stocks and bonds of well-managed companies at reasonable prices and holds them for the long term. Unparalleled, integrated global research effort — the investment professionals made more than 9,000 research visits last year to get to know companies inside and out. Multiple portfolio counselor system — this unique system blends teamwork with individual effort. Experienced portfolio counselors — every effort is made to attract, and keep, some of the brightest people in the mutual fund industry. American Funds Growth Objectives and Investments Long-term growth of capital through investment in a master fund that invests in equity securities of both U.S. and non-U.S. companies of any size that appear to offer superior opportunities for growth of capital. Benchmark    S&P 500® Index The S&P 500 Index is an index of the stocks of approximately 500 large-capitalization companies traded in U.S. stock markets. Results include reinvested dividends. Investment Style    Large-cap growth Based on information from Morningstar, Inc., 2008. American Funds Growth-Income Objectives and Investments Long-term growth of capital and income through investment in a master fund that invests in equity securities of both U.S. and non-U.S. companies of any size, and other securities which demonstrate the potential for appreciation and/or dividends. Benchmark    S&P 500® Index The S&P 500 Index is an index of the stocks of approximately 500 large-capitalization companies traded in U.S. stock markets. Results include reinvested dividends. Investment Style    Large-cap value Based on information from Morningstar, Inc., 2008. American Funds Asset Allocation Objectives and Investments The portfolio (Feeder Portfolio) seeks high total return; preservation of capital over the long-term is of secondary importance. This Feeder Portfolio of Pacific Select Fund invests its assets in the American Funds Insurance Series' Asset Allocation Fund (the Master Fund). The Master Fund invests in companies of all sizes to provide growth, a blend of investment grade and high-yield bonds for income, and cash for asset preservation. *Has flexibility to take advantage of unusual investment opportunities in any area as they arise. Benchmark    S&P 500® and BarCap Agg Bond (Previously LBAG) The S&P 500 Index is an index of the stocks of approximately 500 large-capitalization companies traded in U.S. stock markets. Results include reinvested dividends. The Barclays Capital US Aggregate Bond Index is an index of investment grade fixed income securities with maturities of at least one year. Results include reinvested dividends. Investment Style    Moderate Allocation Based on information from Morningstar, Inc., 2008.

American Funds Portfolios American Funds Asset Allocation American Funds Growth American Funds Growth-Income American Funds Managers Company Profile Select a Manager AlgerAllianceBernsteinAmerican FundsAnalytic InvestorsBatterymarchBlackRockCapital GuardianClearBridgeColumbia ManagementGoldman SachsFranklin TempletonGE Investments FundsHighlandInvesco AIM AdvisorsJPMorganJanusJennison AssociatesLazardMFSNFJOppenheimerFundsPIMCOPAMPLFAUBSVan KampenVaughan NelsonWestern Asset Mgmt The American Funds Growth-Income and American Funds Growth portfolios of the Pacific Select Fund invest in American Funds Insurance Series Master Growth-Income Fund and Master Growth Fund, respectively. Capital Research and Management is the investment advisor to the Master Fund. American Funds is a registered trademark of American Funds Distributors, Inc.