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. Franklin Templeton Investments Franklin Templeton Investments is a global investment management organization with more than $644 billion in assets under management (as of 12/31/07). At the core of its business are multiple world-class investment management groups—Franklin, Templeton, and Mutual Series —each operating autonomously and offering clients unique perspectives. The separate management groups at Franklin, Templeton, and Mutual Series each started more than 50 years ago. Each offers specialized, timetested expertise, with distinct investment focuses from tax-free income to core equity to global investing. The management groups stay true to their disciplines, regardless of short-term market cycles. Franklin Templeton has 54 offices in 29 countries and more than 19 million shareholder accounts worldwide as of 12/31/07. The organization seeks to consistently provide investors with exceptional riskadjusted returns over the long term, as well as the reliable, accurate, and personal service that has helped Franklin Templeton become one of the most trusted names in financial services. Bios VIP Founding Funds Objectives and Investments Seeks capital appreciation (with income as a secondary goal) through investment in equal portions in Franklin Templeton Class 1 shares of Franklin Income Securities Fund, Mutual Shares Securities Fund and Templeton Growth Securities Fund. The underlying funds invest in both U.S. and foreign equity securities and debt securities. 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    Moderate allocation Based on information from Morningstar, Inc., 2008. Franklin Templeton VIP Founding Funds Allocation Fund, known as "Franklin Templeton VIP Founding Funds," is a series of the Franklin Templeton Variable Insurance Products Trust and is advised by Franklin Advisors, Inc.

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