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. Vaughan Nelson Investment Management L.P. Based in Houston More than $5.2 billion in assets under management as of 12/31/06 31 employees Portfolio managers average 19 years of experience Affiliate of IXIS Asset Management with more than $500 billion assets worldwide Founded in 1970, Vaughan Nelson is an investment management firm of highly experienced, research-oriented professionals. Their focus is on managing equity and fixed-income portfolios for investors including foundations, endowments, corporate retirement plans, public funds and families/individuals. Vaughan Nelson's growth through all market environments reflects strong client relationships based on solid performance, effective communication and the highest level of client service. The firm's investment approach, successfully tested over a 35-year period, takes advantage of the excellent in-depth research capabilities of the members of its team, an emphasis on superior risk-adjusted returns, and a disciplined, team decision-making process which is structured to provide consistent, repeatable performance. Vaughan Nelson believes that active management focused on fundamental research and bottom-up security selection applied by properly motivated teams of skilled and experienced people will consistently add value over time. Bios Vaughan Bio Senior Vice President Summary Small-Cap Equity Objectives and Investments Long-term growth of capital through investment in equity securities of small companies believed to be undervalued. Benchmark    Russell 2000 Value Index The Russell 2000 Value Index is an index of companies that have lower price-to-book ratios and lower forecasted growth values than companies in the Russell 1000 Value Index. Results include reinvested dividends. Investment Style    Small-cap value Based on information from Morningstar, Inc., 2008.

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