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. OppenheimerFunds, Inc. More than $235 billion in assets under management as of 12/31/06 Formed in 1960 Based in New York Oppenheimer has been serving the investment needs of financial advisers and their clients since 1960. Oppenheimer is one of the largest and most respected mutual fund managers in the United States with more than $235 billion in assets under management, including subsidiaries and controlled affiliates in more than 6 million shareholder accounts as of 12/31/06. Building on more than four decades of investment experience, Oppenheimer combines discipline, individual accountability and collective insight to help investors achieve their financial goals. Oppenheimer believes that in order for investors to reach their financial goals, their investments must perform. That is why superior investment performance over the long term is their highest priority. An emphasis on performance is only the beginning of what investors can expect. More than 40 years of successful mutual fund investing has taught Oppenheimer that investment success results from a commitment to several basic principles, including: superior long-term performance; managers that adhere to their stated investment objective and policies; a collaborative approach to investment management; and actively managing risk. Multi-Strategy Objectives and Investments High total return through investment in a mix of equity and fixed-income securities. Benchmark    Lehman Brothers Aggregate Bond Index and S&P 500® Index The Lehman Brothers Aggregate Bond Index is an index of investment grade fixed income securities with maturities of at least one year. Results include reinvested dividends. 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. Main Street® Core Objectives and Investments Long-term growth of capital and income through investment in equity securities of large U.S. companies. 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 blend Based on information from Morningstar, Inc., 2008. Emerging Markets Objectives and Investments Long-term growth of capital through investment in equity securities of companies that are located in countries generally regarded as “emerging market” countries. Benchmark    MSCI Emerging Markets Index The Morgan Stanley Capital International (MSCI) Emerging Markets Index is an index typically made up of stocks from approximately 26 emerging market countries. Results include reinvested dividends. Investment Style    Diversified emerging markets Based on information from Morningstar, Inc., 2008. International investing is subject to currency fluctuations and political changes.

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