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. Pacific Asset Management Pacific Asset Management (PAM) is a Delaware limited liability company and third party asset management subsidiary of Pacific Life. PAM manages the Money Market and High Yield Bond Portfolios of Pacific Select Fund. PAM’s portfolio management style is consistent with Pacific Life's long-standing reputation of integrity with a focus on quality. Qualitative analysis helps determine a portfolio's composition, then individual securities are selected. In the process, PAM’s managers conduct independent analysis in addition to tapping traditional sources. Pacific Life Fund Advisors LLC (PLFA), the investment adviser to Pacific Select Fund, also does business under the name Pacific Asset Management. PLFA assumed the role of investment adviser of Pacific Select Fund and the direct management of the Money Market and High Yield Bond portfolios from Pacific Life on May 1, 2007. Money Market Objectives and Investments Current income consistent with preservation of capital through investment in the highest quality money market instruments believed to have limited credit risk. Benchmark    Merrill Lynch 3-Month U.S. T Bill Index and Lipper Money Market Funds Index The Merrill Lynch 3-Month U.S. T Bill Index is an index comprised of a single Treasury bill purchased at the beginning of the month and held for a full month then sold and rolled into a newly selected issue and is the portfolio's primary benchmark index. Results include reinvested interest. The Lipper Money Market Funds Index is an equal-dollar-weighted index of the 30 largest mutual funds within the money market fund classification as defined by Lipper. The Index is adjusted for the reinvestment of capital gains and income (or interest). Investment Style    Money market Based on information from Morningstar, Inc., 2008. The Money Market portfolio is not FDIC insured or guaranteed; its net asset value is not constant and will change with the value of investments. High Yield Bond Objectives and Investments High level of current income through investment in fixed income securities with lower- and medium-quality credit ratings and intermediate to long terms to maturity. Benchmark    Lehman Brothers High Yield 2% Capped Index The U.S. Corporate High-Yield Index the covers the USD-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high-yield if the middle rating of Moody’s, Fitch, and S&P is Ba1/BB+/BB+ or below. The index excludes Emerging Markets debt. Investment Style    High yield bond Based on information from Morningstar, Inc., 2008. High yield funds are portfolios that invest in high yield bonds and have greater credit risk than higher quality bonds.

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