American Skandia Advisor Funds Among Top Five Most Promising for 2000, Says Leading Mutual Fund Tracking Firm.

Business Editors

SHELTON, Conn.--(BUSINESS WIRE)--Feb. 8, 2000

American Skandia Marketing, Incorporated, one of the nation's leading distributors of mutual funds, has been named one of the five most promising mutual fund firms by the respected fund tracker Financial Research Corp (FRC).

In a recently released report, FRC identified five firms, including American Skandia, that it considers poised for strong growth in the year 2000.

American Skandia Advisor Funds, the company's innovative family of mutual funds, already have the distinction of being the most successful mutual funds launch in the history of the mutual fund industry, according to data provided by Financial Research Corp. Introduced in July of 1997, the funds grew to $3 billion in total assets faster than any other mutual fund complex. Total assets in American Skandia Advisor Funds are now more than $4 billion.

&uot;Our multi-manager approach has clearly allowed brokers and planners to deliver some of the best money managers in the country in each discipline to their clients. By developing innovations in our marketplace, we continue to give investors wider options,&uot; said Michael Murray, Vice President and National Sales Manager of the American Skandia Advisor Funds. &uot;As a result, our sales are a definitive reflection of how powerful an investment product our mutual funds can be.&uot;

FRC identified fund companies with less than $20 billion in long-term assets that it believes are well positioned to continue growth in 2000. To identify these five funds, FRC screened on a number of qualitative and quantitative elements, including market share gains, sales momentum, investment performance, product line strengths, and sales and marketing efforts.

Following the multi-manager strategy made popular by the American Skandia line-up of variable annuity products, the American Skandia Advisor Funds provide investors with the ability to choose from among a broad range of investment styles with many of the best known load and no-load money managers in the nation. The fund family is comprised of 13 investment managers, including Janus Capital Corporation; Marsico Capital Management, LLC; Massachusetts Financial Services Company; AIM Capital Management, Inc.; Founders Asset Management, LLC and T. Rowe Price Associates, Inc.

This exceptional manager line-up is further enhanced by several unique innovations brought to market by American Skandia, including an X-Share class, which provides a 2.5 percent investor bonus on qualified money, and AS Goodwill, an optional death benefit (a feature first introduced to the marketplace by American Skandia) designed to protect an investor's beneficiaries from the risk of a market fall.

Variable annuities, variable life insurance and qualified plans are issued by American Skandia Life Assurance Corporation. Mutual funds are issued by American Skandia Advisor Funds. All products are distributed by American Skandia Marketing, Incorporated. American Skandia is located at One Corporate Drive, Shelton, CT 06484.

Call 1-800-SKANDIA for a prospectus containing more complete information on charges, expenses and tax consequences. It should be read carefully before you invest or send money.