ADVISORY/Pacific Life Foundation Hosts Reception Honoring 184 Nonprofit Organizations Serving in and around the Orange County Area.

News Editors/Assignment Desks

ADVISORY...for Tuesday (Jan. 20)

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 14, 2004

WHAT:       Reception for the distribution of over $3.03 million in
            grants to 184 nonprofit organizations in and around Orange
            County. Brief remarks by Pacific Life's top executives.
            Presentation of the annual Walter B. Gerken Award for
            outstanding community service presented by Pacific Life to
            a deserving agency. (Photo opportunities available)

WHO:        Pacific Life Foundation, the charitable giving program
            endowed by California's largest life insurance company,
            Pacific Life Insurance Company of Newport Beach.

WHEN:       Tuesday, Jan. 20, 2004
            5 p.m.-6:30 p.m.
            (6 p.m.-presentation of Gerken Award and featured
            remarks)

WHERE:      Pacific Life Insurance Company
            700 Newport Center Drive
            Newport Beach, CA 92660
            (On-site parking available)

ATTENDEES:  Two representatives, typically the top nonprofit executive
            and a board member, from each of the nonprofit
            organizations, as well as executives of Pacific Life,
            including Tom Sutton, chairman & CEO of Pacific Life, and
            Bob Haskell, president of the Pacific Life Foundation.

CONTACT:    Media should contact John Soller, Public Relations
            Manager, Pacific Life Insurance Company at 949-219-3416
            for more information.