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. Columbia Management Group Managed assets of $237 billion as of 12/31/06 Strong heritage of various asset managers, including Columbia Wanger Asset Management, Marsico Capital Management, LLC, Stein Roe & Farnham Columbia is the primary asset management group for Bank of America. The firm was established in 2002 as the asset management division of FleetBoston Financial Corporation. On 4/1/04, when FleetBoston Financial merged with Bank of America Corporation (NYSE: BAC) to make one of the largest financial institutions in the world, Columbia Management became a wholly owned subsidiary of Bank of America. We believe that joining with Bank of America preserves and leverages our strengths, allowing us to continue to deliver to our investment management clients a full range of traditional and innovative financial products. We have been managing assets through our predecessor organizations since the early 1900s. The Technology Portfolio is managed by two portfolio managers who attempt to identify and exploit themes, trends, and instances of market overreaction combined with efficient trading techniques to achieve its goal. The team believes that incorporating a diverse range of views leads to more comprehensive and consistent insight into the factors affecting both the market and individual companies. Bios The Technology Portfolio is managed by three portfolio managers who attempt to identify and exploit themes, trends, and instances of market overreaction combined with efficient trading techniques to achieve its goal. The team believes that incorporating a diverse range of views leads to more comprehensive and consistent insight into the factors affecting both the market and individual companies. Technology Objectives and Investments Long-term growth of capital through investment in equity securities in the technology sector that the manager believes have or will develop products, processes or services that will provide significant technological improvements, advances or developments, as well as those expected to benefit from their extensive reliance on technology in connection with their operations and services. Benchmark    S&P 500® Index and Merrill Lynch 100 Technology Index S&P 500 Index is an index of the stocks of approximately 500 large-capitalization companies traded in U.S. stock markets and is the portfolio's primary benchmark. The S&P 500 Index was added to provide a broad market-based benchmark instead of just a broad-based technology sector benchmark. Results include reinvested dividends. The Merrill Lynch 100 Technology Index is an equally weighted index of 100 leading technology stocks. Results include reinvested dividends. Investment Style    Sector Based on information from Morningstar, Inc., 2008. Sector and concentrated portfolios with fewer securities may be subject to greater price volatility.

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