December 31, 2002 • • Pacific Select Fund Separate Account A of 
Pacific Life Insurance Company

Annual

          Reports

PACIFIC SELECT

TABLE OF CONTENTS

PACIFIC SELECT FUND

Chairman’s Letter	A-1
Performance Discussion	A-2
Schedules of Investments and Notes	B-1
Financial Statements:
Statements of Assets and Liabilities	C-1
Statements of Operations	C-5
Statements of Changes in Net Assets	C-9
Financial Highlights	D-1
Notes to Financial Statements	E-1
Independent Auditors’ Report	F-1
Trustees and Officers Information	F-2

SEPARATE ACCOUNT A

Financial Statements:
Statements of Assets and Liabilities	G-1
Statements of Operations	G-5
Statements of Changes in Net Assets	G-9
Financial Highlights	H-1
Notes to Financial Statements	I-1
Independent Auditors’ Report	J-1

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES

DECEMBER 31, 2002

(In thousands)

	Blue Chip Variable Account	Aggressive Growth Variable Account	Emerging Markets Variable Account	Diversified Research Variable Account	Small-Cap Equity   Variable   Account	International Large-Cap Variable Account	I-Net Tollkeeper Variable Account	Financial Services Variable Account	Health Sciences Variable Account
ASSETS
Investments:
Blue Chip Portfolio	$477,061
Aggressive Growth Portfolio		$38,545
Emerging Markets Portfolio			$96,548
Diversified Research Portfolio				$172,522
Small-Cap Equity Portfolio					$172,669
International Large-Cap Portfolio						$387,379
I-Net Tollkeeper Portfolio							$34,689
Financial Services Portfolio								$54,329
Health Sciences Portfolio									$63,164
Receivables:
Due from Pacific Life Insurance Company	1,048	—	390	262	—	651	—	—	—
Fund shares redeemed	—	8	—	—	248	—	55	395	433
Total Assets	478,109	38,553	96,938	172,784	172,917	388,030	34,744	54,724	63,597
LIABILITIES
Payables:
Due to Pacific Life Insurance Company	—	8	—	—	248	—	55	395	433
Fund shares purchased	1,048	—	390	262	—	651	—	—	—
Other	26	2	6	9	9	18	2	4	4
Total Liabilities	1,074	10	396	271	257	669	57	399	437
NET ASSETS	$477,035	$38,543	$96,542	$172,513	$172,660	$387,361	$34,687	$54,325	$63,160
Shares Owned in each Portfolio	79,258	6,186	16,292	21,408	13,061	74,617	12,602	6,896	8,922
Cost of Investments	$632,294	$44,486	$97,273	$211,013	$215,094	$381,948	$47,292	$60,493	$74,477

See Notes to Financial Statements

G-1

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2002

(In thousands)

	Technology Variable Account	Telecom- munications Variable Account	Multi- Strategy Variable Account	Large-Cap Core     Variable     Account (1)	Strategic Value Variable Account	Growth LT Variable Account	Focused 30 Variable Account	Mid-Cap Value Variable Account	International Value Variable Account
ASSETS
Investments:
Technology Portfolio	$34,308
Telecommunications Portfolio		$13,089
Multi-Strategy Portfolio			$295,669
Large-Cap Core Portfolio (1)				$408,241
Strategic Value Portfolio					$64,301
Growth LT Portfolio						$859,606
Focused 30 Portfolio							$31,968
Mid-Cap Value Portfolio								$554,927
International Value Portfolio									$609,286
Receivables:
Due from Pacific Life Insurance Company	154	—	—	—	841	76	—	—	589
Fund shares redeemed	—	34	686	81	—	—	1	123	—
Other	—	—	—	—	—	—	—	—	27
Total Assets	34,462	13,123	296,355	408,322	65,142	859,682	31,969	555,050	609,902
LIABILITIES
Payables:
Due to Pacific Life Insurance Company	—	34	686	81	—	—	1	123	—
Fund shares purchased	154	—	—	—	841	76	—	—	589
Other	2	1	17	27	3	50	1	33	—
Total Liabilities	156	35	703	108	844	126	2	156	589
NET ASSETS	$34,306	$13,088	$295,652	$408,214	$64,298	$859,556	$31,967	$554,894	$609,313
Shares Owned in each Portfolio	10,826	4,645	23,697	27,411	9,426	65,719	6,371	48,724	59,315
Cost of Investments	$48,668	$17,012	$359,942	$631,328	$78,359	$1,580,262	$43,224	$583,686	$586,264

(1) Formerly named Equity Income Variable Account and Equity Income Portfolio.

See Notes to Financial Statements

G-2

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2002

(In thousands)

	Capital Opportunities     Variable     Account	Mid-Cap Growth     Variable     Account	Global Growth     Variable     Account	Equity Index     Variable     Account	Small-Cap Index     Variable     Account	Real Estate     Variable     Account (1)	Inflation Managed     Variable     Account	Managed Bond     Variable     Account	Money Market     Variable     Account
ASSETS
Investments:
Capital Opportunities Portfolio	$118,611
Mid-Cap Growth Portfolio		$75,948
Global Growth Portfolio			$22,882
Equity Index Portfolio				$731,730
Small-Cap Index Portfolio					$224,689
Real Estate Portfolio (1)						$223,709
Inflation Managed Portfolio							$969,089
Managed Bond Portfolio								$1,807,665
Money Market Portfolio									$1,128,453
Receivables:
Due from Pacific Life Insurance Company	—	483	5	32	352	160	2,856	3,728	—
Fund shares redeemed	828	—	—	—	—	—	—	—	6,179
Other	—	—	2	—	—	—	—	—	—
Total Assets	119,439	76,431	22,889	731,762	225,041	223,869	971,945	1,811,393	1,134,632
LIABILITIES
Payables:
Due to Pacific Life Insurance Company	828	—	—	—	—	—	—	—	6,179
Fund shares purchased	—	483	5	32	352	160	2,856	3,728	—
Other	7	5	—	46	11	12	64	126	159
Total Liabilities	835	488	5	78	363	172	2,920	3,854	6,338
NET ASSETS	$118,604	$75,943	$22,884	$731,684	$224,678	$223,697	$969,025	$1,807,539	$1,128,294
Shares Owned in each Portfolio	19,238	17,659	3,342	35,001	27,881	18,514	80,372	155,959	111,854
Cost of Investments	$159,237	$119,451	$23,481	$979,024	$269,890	$215,486	$874,158	$1,695,331	$1,127,406

(1) Formerly named REIT Variable Account and REIT Portfolio.

See Notes to Financial Statements

G-3

SEPARATE ACCOUNT A

STATEMENTS OF ASSETS AND LIABILITIES (Continued)

DECEMBER 31, 2002

(In thousands)

	High Yield Bond Variable Account	Equity Income Variable Account (1)	Research Variable Account (1)	Equity Variable Account	Aggressive Equity Variable Account	Large-Cap Value Variable Account	Prudential Jennison Variable Account	Value Variable Account	SP Jennison International Growth Variable Account	SP Prudential U.S. Emerging Growth Variable Account
ASSETS
Investments:
High Yield Bond Portfolio	$356,932
Equity Income Portfolio		$91,367
Research Portfolio			$5,290
Equity Portfolio				$247,657
Aggressive Equity Portfolio					$156,388
Large-Cap Value Portfolio						$804,122
Prudential Jennison Portfolio (II)							$410
Value Portfolio (II)								$590
SP Jennison International Growth Portfolio (II)									$363
SP Prudential U.S. Emerging Growth Portfolio (II)										$180
Receivables:
Due from Pacific Life Insurance Company	5,055	—	13	—	—	800	—	—	—	—
Fund shares redeemed	—	606	—	18	263	—	—	—	—	—
Other	18	—	—	—	—	—	—	—	—	—
Total Assets	362,005	91,973	5,303	247,675	156,651	804,922	410	590	363	180
LIABILITIES
Payables:
Due to Pacific Life Insurance Company	—	606	—	18	263	—	—	—	—	—
Fund shares purchased	5,055	—	13	—	—	800	—	—	—	—
Other	—	5	—	15	9	43	—	—	—	—
Total Liabilities	5,055	611	13	33	272	843	—	—	—	—
NET ASSETS	$356,950	$91,362	$5,290	$247,642	$156,379	$804,079	$410	$590	$363	$180
Shares Owned in each Portfolio	56,804	10,661	673	17,620	22,760	89,889	32	43	87	39
Cost of Investments	$366,465	$99,681	$5,354	$400,034	$200,206	$1,013,415	$390	$728	$359	$241

(1) Operations commenced during 2002 (See Note 1 to Financial Statements).

See Notes to Financial Statements

G-4

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	Blue Chip Variable Account		Aggressive Growth Variable Account		Emerging Markets Variable Account		Diversified Research Variable Account		Small-Cap Equity   Variable   Account		International Large-Cap Variable Account		I-Net Tollkeeper Variable Account		Financial Services Variable Account		Health Sciences Variable Account
INVESTMENT INCOME
Dividends	$578		$—		$520		$505		$1,100		$3,495		$—		$149		$—
Total Investment Income	578		—		520		505		1,100		3,495		—		149		—
EXPENSES
Mortality and expense risk fees and administrative fees	6,314		759		1,463		2,532		3,093		5,418		573		878		1,046
Charges for Stepped-Up death benefit rider	126		19		26		67		74		106		12		21		24
Charges for Premier death benefit rider	155		22		32		74		84		130		22		31		41
Total Expenses	6,595		800		1,521		2,673		3,251		5,654		607		930		1,111
Net Investment Loss	(6,017	)	(800	)	(1,001	)	(2,168	)	(2,151	)	(2,159	)	(607	)	(781	)	(1,111	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net realized loss from security transactions	(17,275	)	(9,693	)	(9,567	)	(14,130	)	(37,046	)	(88,592	)	(48,945	)	(5,431	)	(5,269	)
Net unrealized appreciation (depreciation) on investments	(115,739	)	(827	)	5,343		(39,873	)	(27,129	)	23,495		26,392		(5,804	)	(13,943	)
Net Realized and Unrealized Loss on Investments	(133,014	)	(10,520	)	(4,224	)	(54,003	)	(64,175	)	(65,097	)	(22,553	)	(11,235	)	(19,212	)
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS	($139,031	)	($11,320	)	($5,225	)	($56,171	)	($66,326	)	($67,256	)	($23,160	)	($12,016	)	($20,323	)

See Notes to Financial Statements

G-5

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	Technology     Variable     Account		Telecom- munications     Variable     Account		Multi- Strategy     Variable     Account		Large-Cap Core     Variable     Account (1)		Strategic Value     Variable     Account		Growth LT     Variable     Account		Focused 30     Variable     Account		Mid-Cap Value     Variable     Account		International Value     Variable     Account
INVESTMENT INCOME
Dividends	$—		$1		$10,484		$3,751		$74		$10,283		$65		$41,808		$6,312
Total Investment Income	—		1		10,484		3,751		74		10,283		65		41,808		6,312
EXPENSES
Mortality and expense risk fees and administrative fees	505		170		4,795		7,609		1,062		14,407		584		8,787		8,704
Charges for Stepped-Up death benefit rider	12		4		96		154		27		303		16		185		140
Charges for Premier death benefit rider	18		6		87		165		32		315		16		231		178
Total Expenses	535		180		4,978		7,928		1,121		15,025		616		9,203		9,022
Net Investment Income (Loss)	(535	)	(179	)	5,506		(4,177	)	(1,047	)	(4,742	)	(551	)	32,605		(2,710	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net realized loss from security transactions	(10,257	)	(7,308	)	(23,614	)	(80,233	)	(11,315	)	(341,052	)	(8,517	)	(29,962	)	(121,370	)
Net unrealized appreciation (depreciation) on investments	(12,438	)	(346	)	(37,742	)	(114,208	)	(8,805	)	(44,514	)	(6,062	)	(114,915	)	53,070
Net Realized and Unrealized Loss on Investments	(22,695	)	(7,654	)	(61,356	)	(194,441	)	(20,120	)	(385,566	)	(14,579	)	(144,877	)	(68,300	)
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS	($23,230	)	($7,833	)	($55,850	)	($198,618	)	($21,167	)	($390,308	)	($15,130	)	($112,272	)	($71,010	)

(1) Formerly named Equity Income Variable Account.

See Notes to Financial Statements

G-6

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	Capital Opportunities Variable Account		Mid-Cap Growth Variable Account		Global Growth Variable Account		Equity Index Variable Account		Small-Cap Index   Variable   Account		Real Estate Variable Account (1)		Inflation Managed Variable Account		Managed Bond Variable Account		Money Market Variable Account
INVESTMENT INCOME
Dividends	$237		$—		$—		$80,909		$1,734		$12,493		$16,603		$87,277		$15,571
Total Investment Income	237		—		—		80,909		1,734		12,493		16,603		87,277		15,571
EXPENSES
Mortality and expense risk fees and administrative fees	1,671		1,171		366		11,996		2,915		3,227		9,832		23,221		15,968
Charges for Stepped-Up death benefit rider	37		34		9		211		60		62		161		398		262
Charges for Premier death benefit rider	42		42		10		248		76		75		191		505		363
Total Expenses	1,750		1,247		385		12,455		3,051		3,364		10,184		24,124		16,593
Net Investment Income (Loss)	(1,513	)	(1,247	)	(385	)	68,454		(1,317	)	9,129		6,419		63,153		(1,022	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net realized loss from security transactions	(9,999	)	(13,222	)	(5,272	)	(114,595	)	(13,339	)	(8,328	)	(2,209	)	(2,516	)	(100	)
Net unrealized appreciation (depreciation) on investments	(27,227	)	(39,840	)	1		(189,062	)	(48,235	)	(11,762	)	83,032		83,941		10
Net Realized and Unrealized Gain (Loss) on Investments	(37,226	)	(53,062	)	(5,271	)	(303,657	)	(61,574	)	(20,090	)	80,823		81,425		(90	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	($38,739	)	($54,309	)	($5,656	)	($235,203	)	($62,891	)	($10,961	)	$87,242		$144,578		($1,112	)

(1) Formerly named REIT Variable Account.

See Notes to Financial Statements

G-7

SEPARATE ACCOUNT A

STATEMENTS OF OPERATIONS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	High Yield Bond Variable Account		Equity Income Variable Account (1)		Research Variable Account (1)		Equity Variable Account		Aggressive Equity Variable Account		Large-Cap Value   Variable   Account		Prudential Jennison Variable Account		Value Variable Account		SP Jennison International Growth Variable Account		SP Prudential U.S. Emerging Growth Variable Account
INVESTMENT INCOME
Dividends	$26,614		$802		$16		$1,141		$—		$8,449		$—		$8		$—		$—
Total Investment Income	26,614		802		16		1,141		—		8,449		—		8		—		—
EXPENSES
Mortality and expense risk fees and administrative fees	4,358		729		31		4,834		2,560		11,255		8		10		5		3
Charges for Stepped-Up death benefit rider	72		15		1		112		55		237		—		—		—		—
Charges for Premier death benefit rider	93		20		1		116		62		286		1		1		1		—
Total Expenses	4,523		764		33		5,062		2,677		11,778		9		11		6		3
Net Investment Income (Loss)	22,091		38		(17	)	(3,921	)	(2,677	)	(3,329	)	(9	)	(3	)	(6	)	(3	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net realized loss from security transactions	(42,750	)	(3,288	)	(359	)	(117,489	)	(27,230	)	(27,005	)	(234	)	(52	)	(37	)	(12	)
Net unrealized appreciation (depreciation) on investments	11,858		(8,314	)	(63	)	5,800		(29,735	)	(185,245	)	(9	)	(140	)	(2	)	(70	)
Net Realized and Unrealized Loss on Investments	(30,892	)	(11,602	)	(422	)	(111,689	)	(56,965	)	(212,250	)	(243	)	(192	)	(39	)	(82	)
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS	($8,801	)	($11,564	)	($439	)	($115,610	)	($59,642	)	($215,579	)	($252	)	($195	)	($45	)	($85	)

(1) Operations commenced during 2002 (see Note 1 to Financial Statements).

See Notes to Financial Statements

G-8

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	Blue Chip Variable Account		Aggressive Growth Variable Account		Emerging Markets Variable Account		Diversified Research Variable Account		Small-Cap Equity     Variable     Account		International Large-Cap Variable Account		I-Net Tollkeeper Variable Account		Financial Services Variable Account		Health Sciences Variable Account
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment loss	($6,017	)	($800	)	($1,001	)	($2,168	)	($2,151	)	($2,159	)	($607	)	($781	)	($1,111	)
Net realized loss from security transactions	(17,275	)	(9,693	)	(9,567	)	(14,130	)	(37,046	)	(88,592	)	(48,945	)	(5,431	)	(5,269	)
Net unrealized appreciation (depreciation) on investments	(115,739	)	(827	)	5,343		(39,873	)	(27,129	)	23,495		26,392		(5,804	)	(13,943	)
Net Decrease in Net Assets Resulting from Operations	(139,031	)	(11,320	)	(5,225	)	(56,171	)	(66,326	)	(67,256	)	(23,160	)	(12,016	)	(20,323	)
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	176,534		18,445		16,792		38,130		33,819		116,529		3,060		15,195		19,704
Transfers between variable accounts, net	68,031		(30,789	)	(1,091	)	12,757		(10,323	)	(6,077	)	(3,415	)	3,245		(2,702	)
Transfers—policy charges and deductions	(3,194	)	(580	)	(936	)	(1,466	)	(2,477	)	(3,350	)	(529	)	(436	)	(522	)
Transfers—surrenders	(24,831	)	(3,207	)	(6,733	)	(8,425	)	(10,707	)	(27,011	)	(2,130	)	(3,365	)	(3,560	)
Transfers—other	77		(1	)	20		6		12		79		6		36		—
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	216,617		(16,132	)	8,052		41,002		10,324		80,170		(3,008	)	14,675		12,920
NET INCREASE (DECREASE) IN NET ASSETS	77,586		(27,452	)	2,827		(15,169	)	(56,002	)	12,914		(26,168	)	2,659		(7,403	)
NET ASSETS
Beginning of Year	399,449		65,995		93,715		187,682		228,662		374,447		60,855		51,666		70,563
End of Year	$477,035		$38,543		$96,542		$172,513		$172,660		$387,361		$34,687		$54,325		$63,160

See Notes to Financial Statements

G-9

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	Technology Variable Account		Telecom- munications Variable Account		Multi- Strategy Variable Account		Large-Cap Core   Variable   Account (1)		Strategic Value Variable Account		Growth LT Variable Account		Focused 30 Variable Account		Mid-Cap Value Variable Account		International Value Variable Account
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	($535	)	($179	)	$5,506		($4,177	)	($1,047	)	($4,742	)	($551	)	$32,605		($2,710	)
Net realized loss from security transactions	(10,257	)	(7,308	)	(23,614	)	(80,233	)	(11,315	)	(341,052	)	(8,517	)	(29,962	)	(121,370	)
Net unrealized appreciation (depreciation) on investments	(12,438	)	(346	)	(37,742	)	(114,208	)	(8,805	)	(44,514	)	(6,062	)	(114,915	)	53,070
Net Decrease in Net Assets Resulting from Operations	(23,230	)	(7,833	)	(55,850	)	(198,618	)	(21,167	)	(390,308	)	(15,130	)	(112,272	)	(71,010	)
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	11,175		3,985		36,374		36,138		15,758		125,610		6,961		133,675		132,732
Transfers between variable accounts, net	6,526		3,811		(32,998	)	(83,870	)	3,176		(85,807	)	(4,348	)	(29,729	)	(4,867	)
Transfers—policy charges and deductions	(263	)	(67	)	(4,663	)	(7,326	)	(480	)	(11,515	)	(401	)	(5,154	)	(5,872	)
Transfers—surrenders	(1,937	)	(749	)	(23,172	)	(32,991	)	(4,144	)	(60,648	)	(2,374	)	(37,979	)	(39,994	)
Transfers—other	8		17		23		70		10		124		32		(6	)	563
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	15,509		6,997		(24,436	)	(87,979	)	14,320		(32,236	)	(130	)	60,807		82,562
NET INCREASE (DECREASE) IN NET ASSETS	(7,721	)	(836	)	(80,286	)	(286,597	)	(6,847	)	(422,544	)	(15,260	)	(51,465	)	11,552
NET ASSETS
Beginning of Year	42,027		13,924		375,938		694,811		71,145		1,282,100		47,227		606,359		597,761
End of Year	$34,306		$13,088		$295,652		$408,214		$64,298		$859,556		$31,967		$554,894		$609,313

(1) Formerly named Equity Income Variable Account.

See Notes to Financial Statements

G-10

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	Capital Opportunities Variable Account		Mid-Cap Growth Variable Account		Global Growth Variable Account		Equity Index Variable Account		Small-Cap Index   Variable   Account		Real Estate Variable Account (1)		Inflation Managed Variable Account		Managed Bond Variable Account		Money Market Variable Account
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	($1,513	)	($1,247	)	($385	)	$68,454		($1,317	)	$9,129		$6,419		$63,153		($1,022	)
Net realized loss from security transactions	(9,999	)	(13,222	)	(5,272	)	(114,595	)	(13,339	)	(8,328	)	(2,209	)	(2,516	)	(100	)
Net unrealized appreciation (depreciation) on investments	(27,227	)	(39,840	)	1		(189,062	)	(48,235	)	(11,762	)	83,032		83,941		10
Net Increase (Decrease) in Net Assets Resulting from Operations	(38,739	)	(54,309	)	(5,656	)	(235,203	)	(62,891	)	(10,961	)	87,242		144,578		(1,112	)
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	39,821		33,806		8,263		112,330		48,536		56,929		226,437		418,729		614,819
Transfers between variable accounts, net	9,519		19,175		2,186		(49,810	)	97,814		24,166		276,516		(65,795	)	(287,047	)
Transfers—policy charges and deductions	(852	)	(661	)	(313	)	(12,051	)	(1,782	)	(1,888	)	(6,719	)	(18,077	)	(15,043	)
Transfers—surrenders	(5,873	)	(3,354	)	(1,197	)	(54,490	)	(11,536	)	(16,336	)	(52,167	)	(115,620	)	(232,240	)
Transfers—other	16		3		(1	)	53		4		4		(45	)	(52	)	(51	)
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	42,631		48,969		8,938		(3,968	)	133,036		62,875		444,022		219,185		80,438
NET INCREASE (DECREASE) IN NET ASSETS	3,892		(5,340	)	3,282		(239,171	)	70,145		51,914		531,264		363,763		79,326
NET ASSETS
Beginning of Year	114,712		81,283		19,602		970,855		154,533		171,783		437,761		1,443,776		1,048,968
End of Year	$118,604		$75,943		$22,884		$731,684		$224,678		$223,697		$969,025		$1,807,539		$1,128,294

(1) Formerly named REIT Variable Account.

See Notes to Financial Statements

G-11

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2002

(In thousands)

	High Yield Bond Variable Account		Equity Income Variable Account (1)		Research Variable Account (1)		Equity Variable Account		Aggressive Equity Variable Account		Large-Cap Value   Variable   Account		Prudential Jennison Variable Account		Value Variable Account		SP Jennison International Growth Variable Account		SP Prudential U.S. Emerging Growth Variable Account
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$22,091		$38		($17	)	($3,921	)	($2,677	)	($3,329	)	($9	)	($3	)	($6	)	($3	)
Net realized loss from security transactions	(42,750	)	(3,288	)	(359	)	(117,489	)	(27,230	)	(27,005	)	(234	)	(52	)	(37	)	(12	)
Net unrealized appreciation (depreciation) on investments	11,858		(8,314	)	(63	)	5,800		(29,735	)	(185,245	)	(9	)	(140	)	(2	)	(70	)
Net Decrease in Net Assets Resulting from Operations	(8,801	)	(11,564	)	(439	)	(115,610	)	(59,642	)	(215,579	)	(252	)	(195	)	(45	)	(85	)
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	73,607		29,802		2,225		16,408		18,376		233,332		348		450		325		199
Transfers between variable accounts, net	33,886		77,038		3,617		(73,687	)	15,977		63,958		(115	)	(115	)	(36	)	(24	)
Transfers—policy charges and deductions	(3,522	)	(487	)	(36	)	(3,954	)	(1,827	)	(7,443	)	—		(1	)	—		—
Transfers—surrenders	(22,599	)	(3,436	)	(77	)	(20,102	)	(11,417	)	(45,674	)	(43	)	(21	)	(23	)	(15	)
Transfers—other	(26	)	9		—		59		38		102		21		—		(11	)	1
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	81,346		102,926		5,729		(81,276	)	21,147		244,275		211		313		255		161
NET INCREASE (DECREASE) IN NET ASSETS	72,545		91,362		5,290		(196,886	)	(38,495	)	28,696		(41	)	118		210		76
NET ASSETS
Beginning of Year	284,405		—		—		444,528		194,874		775,383		451		472		153		104
End of Year	$356,950		$91,362		$5,290		$247,642		$156,379		$804,079		$410		$590		$363		$180

(1) Operations commenced during 2002 (see Note 1 to Financial Statements).

See Notes to Financial Statements

G-12

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2001

(In thousands)

	Blue Chip Variable Account (1)		Aggressive Growth Variable Account (1)		Emerging Markets Variable Account		Diversified Research Variable Account		Small-Cap Equity   Variable   Account		International Large-Cap Variable Account		I-Net Tollkeeper Variable Account		Financial Services Variable Account (1)		Health Sciences Variable Account (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	($2,942	)	($548	)	($1,318	)	($1,709	)	$28,678		($1,964	)	($1,071	)	($267	)	($512	)
Net realized loss from security transactions	(2,640	)	(1,728	)	(20,125	)	(3,001	)	(60,534	)	(69,802	)	(29,163	)	(582	)	(884	)
Net unrealized appreciation (depreciation) on investments	(39,494	)	(5,114	)	7,015		446		24,323		9,725		(2,942	)	(360	)	2,630
Net Increase (Decrease) in Net Assets Resulting from Operations	(45,076	)	(7,390	)	(14,428	)	(4,264	)	(7,533	)	(62,041	)	(33,176	)	(1,209	)	1,234
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	126,643		26,638		15,404		61,802		54,326		110,736		14,709		29,148		37,197
Transfers between variable accounts, net	328,388		49,718		1,965		23,290		(16,996	)	90,226		(6,609	)	24,789		33,688
Transfers—policy charges and deductions	(1,017	)	(112	)	(1,183	)	(974	)	(2,385	)	(2,361	)	(731	)	(90	)	(95	)
Transfers—surrenders	(9,487	)	(2,906	)	(4,514	)	(5,163	)	(7,963	)	(13,957	)	(3,215	)	(966	)	(1,472	)
Transfers—other	(2	)	47		109		9		91		255		(20	)	(6	)	11
Net Increase in Net Assets Derived from Policy Transactions	444,525		73,385		11,781		78,964		27,073		184,899		4,134		52,875		69,329
NET INCREASE (DECREASE) IN NET ASSETS	399,449		65,995		(2,647	)	74,700		19,540		122,858		(29,042	)	51,666		70,563
NET ASSETS
Beginning of Year	—		—		96,362		112,982		209,122		251,589		89,897		—		—
End of Year	$399,449		$65,995		$93,715		$187,682		$228,662		$374,447		$60,855		$51,666		$70,563

(1) Operations commenced on January 2, 2001.

See Notes to Financial Statements

G-13

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2001

(In thousands)

	Technology Variable Account (1)		Telecom-   munications Variable Account (1)		Multi- Strategy Variable Account		Large-Cap Core Variable Account (2)		Strategic Value Variable Account		Growth LT Variable Account		Focused 30 Variable Account		Mid-Cap Value Variable Account		International Value Variable Account
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	($276	)	($117	)	$4,270		$1,946		($590	)	$221,393		($552	)	$8,372		$7,313
Net realized loss from security transactions	(4,789	)	(2,324	)	(7,741	)	(83,719	)	(2,211	)	(271,753	)	(6,192	)	(8,541	)	(103,245	)
Net unrealized appreciation (depreciation) on investments	(1,922	)	(3,577	)	(5,114	)	(4,887	)	(4,849	)	(521,583	)	810		46,090		(72,650	)
Net Increase (Decrease) in Net Assets Resulting from Operations	(6,987	)	(6,018	)	(8,585	)	(86,660	)	(7,650	)	(571,943	)	(5,934	)	45,921		(168,582	)
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	22,177		9,252		71,635		147,432		31,817		232,773		18,942		146,410		131,685
Transfers between variable accounts, net	27,581		12,235		1,883		(328,506	)	18,658		(138,161	)	(557	)	141,378		(121,308	)
Transfers—policy charges and deductions	(57	)	(17	)	(5,880	)	(12,525	)	(411	)	(23,484	)	(219	)	(3,824	)	(8,338	)
Transfers—surrenders	(690	)	(1,517	)	(18,536	)	(39,204	)	(2,316	)	(73,058	)	(1,662	)	(22,468	)	(32,666	)
Transfers—other	3		(11	)	27		91		(2	)	306		9		19		475
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	49,014		19,942		49,129		(232,712	)	47,746		(1,624	)	16,513		261,515		(30,152	)
NET INCREASE (DECREASE) IN NET ASSETS	42,027		13,924		40,544		(319,372	)	40,096		(573,567	)	10,579		307,436		(198,734	)
NET ASSETS
Beginning of Year	—		—		335,394		1,014,183		31,049		1,855,667		36,648		298,923		796,495
End of Year	$42,027		$13,924		$375,938		$694,811		$71,145		$1,282,100		$47,227		$606,359		$597,761

(1) Operations commenced on January 2, 2001.

(2) Formerly named Equity Income Variable Account.

See Notes to Financial Statements

G-14

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2001

(In thousands)

	Capital Opportunities Variable Account (1)		Mid-Cap Growth Variable Account (1)		Global Growth Variable Account (1)		Equity Index Variable Account		Small-Cap Index   Variable   Account		Real Estate Variable Account (2)		Inflation Managed Variable Account		Managed Bond Variable Account		Money Market Variable Account
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	($793	)	($594	)	($163	)	($415	)	$9,488		$3,408		$8,419		$43,221		$19,711
Net realized loss from security transactions	(1,630	)	(2,935	)	(985	)	(70,624	)	(6,260	)	(1,469	)	(944	)	(3,320	)	(155	)
Net unrealized appreciation (depreciation) on investments	(13,399	)	(3,663	)	(599	)	(85,436	)	(1,139	)	6,689		1,161		20,676		100
Net Increase (Decrease) in Net Assets Resulting from Operations	(15,822	)	(7,192	)	(1,747	)	(156,475	)	2,089		8,628		8,636		60,577		19,656
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	42,609		51,246		13,136		179,665		24,406		50,492		154,092		367,375		747,154
Transfers between variable accounts, net	90,692		39,044		8,569		(199,456	)	(3,252	)	4,516		(52,901	)	231,631		(199,686	)
Transfers—policy charges and deductions	(236	)	(262	)	(36	)	(17,977	)	(1,555	)	(558	)	(4,859	)	(16,857	)	(26,933	)
Transfers—surrenders	(2,541	)	(1,588	)	(297	)	(53,182	)	(5,563	)	(7,385	)	(23,610	)	(67,520	)	(219,066	)
Transfers—other	10		35		(23	)	170		25		3		8		(31	)	60
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	130,534		88,475		21,349		(90,780	)	14,061		47,068		72,730		514,598		301,529
NET INCREASE (DECREASE) IN NET ASSETS	114,712		81,283		19,602		(247,255	)	16,150		55,696		81,366		575,175		321,185
NET ASSETS
Beginning of Year	—		—		—		1,218,110		138,383		116,087		356,395		868,601		727,783
End of Year	$114,712		$81,283		$19,602		$970,855		$154,533		$171,783		$437,761		$1,443,776		$1,048,968

(1) Operations commenced on January 2, 2001.

(2) Formerly named REIT Variable Account.

See Notes to Financial Statements

G-15

SEPARATE ACCOUNT A

STATEMENTS OF CHANGES IN NET ASSETS (Continued)

FOR THE YEAR ENDED DECEMBER 31, 2001

(In thousands)

	High Yield Bond Variable Account		Equity Variable Account		Aggressive Equity Variable Account		Large-Cap Value   Variable   Account		Prudential Jennison Variable Account (1)		Value Variable Account (1)	SP Jennison International Growth Variable Account (1)	SP Prudential U.S. Emerging Growth Variable Account (1)
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income (loss)	$21,684		$23,221		($3,152	)	$13,278		($1	)	$18	$—	$—
Net realized loss from security transactions	(21,433	)	(123,426	)	(53,019	)	(5,341	)	—		—	—	—
Net unrealized appreciation (depreciation) on investments	(1,506	)	(43,568	)	7,277		(51,120	)	29		2	6	9
Net Increase (Decrease) in Net Assets Resulting from Operations	(1,255	)	(143,773	)	(48,894	)	(43,183	)	28		20	6	9
INCREASE (DECREASE) IN NET ASSETS FROM POLICY TRANSACTIONS
Transfer of net premiums	70,416		73,660		27,772		188,637		422		398	147	95
Transfers between variable accounts, net	18,590		(81,429	)	(45,428	)	368,482		3		54	—	—
Transfers—policy charges and deductions	(3,604	)	(7,598	)	(4,193	)	(4,914	)	—		—	—	—
Transfers—surrenders	(16,047	)	(25,541	)	(11,541	)	(24,444	)	(1	)	—	—	—
Transfers—other	(1	)	110		11		50		(1	)	—	—	—
Net Increase (Decrease) in Net Assets Derived from Policy Transactions	69,354		(40,798	)	(33,379	)	527,811		423		452	147	95
NET INCREASE (DECREASE) IN NET ASSETS	68,099		(184,571	)	(82,273	)	484,628		451		472	153	104
NET ASSETS
Beginning of Year	216,306		629,099		277,147		290,755		—		—	—	—
End of Year	$284,405		$444,528		$194,874		$775,383		$451		$472	$153	$104

(1) Operations commenced on September 6, 2001.

See Notes to Financial Statements

G-16

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS

Selected accumulation unit value (AUV), total units outstanding, total returns, total net assets, and ratios of investment income to average daily net assets data for the years ended December 31, 2002 and 2001 are shown in the table below. The ratios of expenses to average daily net assets for each of the Variable Accounts for the years then ended are discussed in Note 3 to Financial Statements.

	Contracts with Standard Death Benefit
	Commencement Date for Initial Operating Year				Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Portfolios and Pacific One Contracts	Pacific Value Contracts	Pacific Innovations Contracts	AUV at End of Year	Pacific Portfolios and Pacific One Contracts	Pacific Value Contracts	Pacific Innovations Contracts	Pacific Portfolios and Pacific One Contracts	Pacific Value Contracts	Pacific Innovations Contracts
Blue Chip
2002				$5.86	22,722,046	21,095,157	1,103,279	(26.97%)	(26.97%)	(26.97%)
2001	01/02/01	01/02/01	01/05/01	8.03	19,099,383	13,283,021	1,166,467	(19.71%)	(19.71%)	(21.55%)
Aggressive Growth
2002				6.06	1,134,413	1,489,828	67,878	(23.41%)	(23.41%)	(23.41%)
2001	01/02/01	01/03/01	01/04/01	7.91	2,897,951	2,289,419	203,178	(20.90%)	(24.82%)	(22.71%)
Emerging Markets
2002				5.54	6,797,735	4,837,175	235,161	(4.42%)	(4.42%)	(4.42%)
2001				5.79	7,852,984	4,348,020	295,240	(9.96%)	(9.96%)	(9.96%)
Diversified Research
2002				7.79	6,114,378	4,887,381	630,716	(25.25%)	(25.25%)	(25.25%)
2001				10.42	6,018,484	4,435,328	663,788	(4.10%)	(4.10%)	(4.10%)
Small-Cap Equity
2002				12.75	3,836,873	3,942,437	256,864	(24.64%)	(24.64%)	(24.64%)
2001				16.92	4,724,501	4,150,519	300,104	(3.91%)	(3.91%)	(3.91%)
International Large-Cap
2002				5.06	22,629,241	20,895,112	1,518,975	(18.77%)	(18.77%)	(18.77%)
2001				6.24	24,033,715	16,587,323	1,843,777	(19.44%)	(19.44%)	(19.44%)
I-Net Tollkeeper
2002				2.65	4,114,478	3,339,003	608,093	(39.47%)	(39.47%)	(39.47%)
2001				4.38	4,719,596	4,008,505	642,382	(34.82%)	(34.82%)	(34.82%)
Financial Services
2002				7.70	1,548,005	1,468,803	123,469	(15.78%)	(15.78%)	(15.78%)
2001	01/02/01	01/02/01	01/09/01	9.14	1,422,507	1,267,959	117,091	(8.58%)	(8.58%)	(5.28%)
Health Sciences
2002				6.88	1,927,951	1,948,202	119,884	(24.37%)	(24.37%)	(24.37%)
2001	01/02/01	01/02/01	01/10/01	9.10	2,092,867	1,706,195	142,534	(8.98%)	(8.98%)	0.67%
Technology
2002				3.08	2,469,954	2,213,556	212,958	(47.09%)	(47.09%)	(47.09%)
2001	01/02/01	01/02/01	01/03/01	5.82	2,183,699	1,559,337	144,194	(41.77%)	(41.77%)	(43.35%)
Telecommunications
2002				2.74	958,017	949,425	125,558	(47.80%)	(47.80%)	(47.80%)
2001	01/02/01	01/02/01	01/03/01	5.25	685,717	636,851	54,067	(47.47%)	(47.47%)	(52.47%)
Multi-Strategy
2002				13.29	9,863,550	5,215,988	235,769	(14.27%)	(14.27%)	(14.27%)
2001				15.50	12,389,066	5,446,273	316,790	(2.54%)	(2.54%)	(2.54%)
Large-Cap Core (2)
2002				11.80	15,878,510	8,132,326	373,550	(29.40%)	(29.40%)	(29.40%)
2001				16.71	20,507,327	9,854,280	486,163	(10.15%)	(10.15%)	(10.15%)
Strategic Value
2002				6.65	2,123,576	2,639,661	178,686	(23.24%)	(23.24%)	(23.24%)
2001				8.66	2,178,943	2,383,079	238,806	(11.13%)	(11.13%)	(11.13%)
Growth LT
2002				14.55	23,921,217	15,464,352	810,772	(29.96%)	(29.96%)	(29.96%)
2001				20.78	28,200,043	16,503,806	964,288	(30.54%)	(30.54%)	(30.54%)
Focused 30
2002				4.90	1,415,371	1,858,790	169,420	(30.39%)	(30.39%)	(30.39%)
2001				7.03	1,899,802	1,948,350	201,749	(14.57%)	(14.57%)	(14.57%)
Mid-Cap Value
2002				12.05	13,782,090	12,484,784	761,224	(15.65%)	(15.65%)	(15.65%)
2001				14.28	16,063,739	12,316,098	930,516	11.72%	11.72%	11.72%
International Value
2002				9.20	25,388,618	16,741,928	861,134	(15.10%)	(15.10%)	(15.10%)
2001				10.83	27,830,940	13,888,425	913,569	(22.97%)	(22.97%)	(22.97%)

See Notes to Financial Statements See explanation of references on H-13

H-1

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Standard Death Benefit
	Commencement Date for Initial Operating Year				Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Portfolios and Pacific One Contracts	Pacific Value Contracts	Pacific Innovations Contracts	AUV at End of Year	Pacific Portfolios and Pacific One Contracts	Pacific Value Contracts	Pacific Innovations Contracts	Pacific Portfolios and Pacific One Contracts	Pacific Value Contracts	Pacific Innovations Contracts
Capital Opportunities
2002				$6.01	5,371,607	5,060,632	299,514	(27.80%)	(27.80%)	(27.80%)
2001	01/02/01	01/03/01	01/04/01	8.33	4,987,959	3,770,566	369,280	(16.72%)	(21.36%)	(21.27%)
Mid-Cap Growth
2002				4.18	3,482,177	4,033,129	202,704	(47.77%)	(47.77%)	(47.77%)
2001	01/02/01	01/02/01	01/04/01	8.01	2,269,327	2,320,327	172,014	(19.95%)	(19.95%)	(21.86%)
Global Growth
2002				6.66	594,290	887,316	45,971	(20.60%)	(20.60%)	(20.60%)
2001	01/02/01	01/11/01	01/04/01	8.38	458,883	658,850	55,910	(16.16%)	(19.07%)	(18.99%)
Equity Index
2002				14.02	22,509,470	12,559,268	733,827	(23.42%)	(23.42%)	(23.42%)
2001				18.32	26,521,065	12,841,330	963,695	(13.38%)	(13.38%)	(13.38%)
Small-Cap Index
2002				8.72	7,440,682	8,033,593	396,979	(22.29%)	(22.29%)	(22.29%)
2001				11.22	4,911,139	4,456,058	197,957	0.31%	0.31%	0.31%
Real Estate (3)
2002				13.58	4,924,295	4,903,081	275,821	(1.71%)	(1.71%)	(1.71%)
2001				13.82	4,618,797	3,701,943	303,119	7.03%	7.03%	7.03%
Inflation Managed
2002				14.73	21,334,549	17,481,971	942,533	13.85%	13.85%	13.85%
2001				12.94	13,897,811	9,495,198	703,795	2.81%	2.81%	2.81%
Managed Bond
2002				14.77	43,039,670	30,992,122	1,524,391	9.39%	9.39%	9.39%
2001				13.50	50,452,819	26,140,032	1,853,547	5.83%	5.83%	5.83%
Money Market
2002				12.39	25,520,134	25,669,771	888,527	0.00%	0.00%	0.00%
2001				12.39	31,599,970	23,184,659	1,082,193	2.41%	2.41%	2.41%
High Yield Bond
2002				11.01	11,757,291	7,694,940	329,659	(4.34%)	(4.34%)	(4.34%)
2001				11.51	11,510,008	6,627,440	310,057	(0.07%)	(0.07%)	(0.07%)
Equity Income (4)
2002	01/02/02	01/02/02	01/07/02	8.53	3,185,527	2,747,701	114,396	(14.74%)	(14.74%)	(16.63%)
Research (4)
2002	01/02/02	01/04/02	07/29/02	7.77	153,951	178,481	5,353	(22.28%)	(22.27%)	1.78%
Equity
2002				10.63	10,210,779	5,769,663	360,139	(27.53%)	(27.53%)	(27.53%)
2001				14.66	13,689,954	7,460,021	543,137	(22.86%)	(22.86%)	(22.86%)
Aggressive Equity
2002				7.19	9,119,281	5,361,866	292,942	(26.14%)	(26.14%)	(26.14%)
2001				9.73	9,654,622	4,738,022	248,174	(18.40%)	(18.40%)	(18.40%)
Large-Cap Value
2002				9.02	26,065,399	24,404,005	1,323,707	(24.03%)	(24.03%)	(24.03%)
2001				11.87	25,206,629	18,293,597	1,388,991	(4.99%)	(4.99%)	(4.99%)
Prudential Jennison
2002				7.36		13,272			(32.12%)
2001		09/06/01		10.84		5,276			8.43%
Value
2002				7.91		24,022			(23.43%)
2001		09/06/01		10.33		10,260			3.31%
SP Jennison International Growth
2002				7.63		14,813			(23.91%)
2001		09/06/01		10.03		8,520			0.29%
SP Prudential U.S. Emerging Growth
2002				7.14		3,521			(33.35%)
2001		09/06/01		10.72		2,791			7.19%

See Notes to Financial Statements See explanation of references on H-13

H-2

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Standard Death Benefit
	Commencement Date for Initial Operating Year			AUV at End of Year for		Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select & Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts
Blue Chip
2002				$7.02	$6.66	10,249,236	1,594,934	30,134	(27.15%)	(27.15%)	(26.24%)
2001	04/05/01	04/10/01	07/02/01	9.64	9.02	3,907,567	579,802	722	(4.20%)	(6.22%)	(9.77%)
Aggressive Growth
2002				7.44	6.73	904,410	149,103	11,165	(23.60%)	(23.60%)	(22.63%)
2001	04/03/01	04/19/01	07/02/01	9.74	8.70	641,768	118,682	168	1.81%	(11.10%)	(12.96%)
Emerging Markets
2002				9.75	9.29	668,754	209,450	3,049	(4.65%)	(4.65%)	(3.45%)
2001	04/03/01	04/11/01	07/02/01	10.22	9.62	211,483	35,247	87	4.57%	(0.44%)	(3.80%)
Diversified Research
2002				7.88	7.37	2,648,078	563,528	21,502	(25.44%)	(25.44%)	(24.50%)
2001	04/05/01	04/05/01	12/24/01	10.56	9.77	1,497,959	316,997	2,206	5.09%	5.09%	1.51%
Small-Cap Equity
2002				8.49	7.26	1,531,073	322,426	39,712	(24.83%)	(24.83%)	(23.88%)
2001	04/02/01	04/03/01	09/17/01	11.29	9.54	918,780	191,163	295	12.92%	18.24%	18.76%
International Large-Cap
2002				7.48	7.64	6,181,781	1,137,980	44,547	(18.98%)	(18.98%)	(17.95%)
2001	04/02/01	04/03/01	07/02/01	9.23	9.31	2,663,769	593,935	9,481	(7.66%)	(7.05%)	(6.90%)
I-Net Tollkeeper
2002				5.58	4.71	430,240	37,992		(39.62%)	(39.62%)
2001	04/03/01	04/05/01		9.25	7.71	177,211	16,732		0.91%	(7.73%)
Financial Services
2002			10/21/02	8.37	7.95	1,297,487	143,081	1,720	(15.99%)	(15.99%)	(3.91%)
2001	04/03/01	04/05/01		9.97	9.35	823,284	95,626		2.44%	0.89%
Health Sciences
2002				8.61	7.58	1,403,390	147,130	4,861	(24.56%)	(24.56%)	(23.61%)
2001	04/03/01	04/12/01	11/28/01	11.42	9.92	928,216	119,438	496	17.41%	7.32%	(1.63%)
Technology
2002				5.16	4.42	1,487,105	136,137	See (5)	(47.22%)	(47.22%)	(46.56%)
2001	04/05/01	04/05/01	09/17/01	9.78	8.27	625,538	45,727	See (5)	(3.42%)	(3.42%)	23.48%
Telecommunications
2002				3.91	3.97	701,292	74,457		(47.93%)	(47.93%)
2001	04/05/01	04/23/01		7.50	7.52	286,722	26,788		(24.57%)	(35.18%)
Multi-Strategy
2002			04/09/02	8.83	8.54	2,402,344	444,178	7,144	(14.49%)	(14.49%)	(10.95%)
2001	04/06/01	04/27/01		10.32	9.86	1,473,184	304,069		3.60%	(1.73%)
Large-Cap Core (2)
2002				7.15	6.68	2,578,296	440,494	13,809	(29.57%)	(29.57%)	(28.69%)
2001	04/02/01	04/03/01	11/28/01	10.16	9.37	1,984,450	334,966	545	1.55%	5.49%	2.24%
Strategic Value
2002			06/19/02	7.22	7.14	1,198,731	209,264	3,741	(23.43%)	(23.43%)	(18.23%)
2001	04/02/01	04/27/01		9.43	9.21	703,659	83,799		(5.67%)	(11.33%)
Growth LT
2002				6.60	5.98	8,308,946	1,256,989	20,476	(30.14%)	(30.14%)	(29.26%)
2001	04/02/01	04/03/01	07/02/01	9.44	8.46	3,483,870	527,454	1,361	(5.55%)	(0.37%)	(15.40%)
Focused 30
2002				7.73	7.41	559,816	54,068	678	(30.56%)	(30.56%)	(29.69%)
2001	04/02/01	04/23/01	09/17/01	11.14	10.54	384,534	29,921	See (5)	11.38%	5.29%	20.22%
Mid-Cap Value
2002				9.71	8.75	6,005,013	1,103,260	59,258	(15.86%)	(15.86%)	(14.80%)
2001	04/03/01	04/05/01	07/02/01	11.55	10.27	3,095,066	565,876	718	19.53%	15.33%	2.68%

See Notes to Financial Statements See explanation of references on H-13

H-3

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Standard Death Benefit
	Commencement Date for Initial Operating Year			AUV at End of Year for		Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select & Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts		Pacific One Select Contracts		Pacific Odyssey Contracts
International Value
2002				$7.66	$7.80	7,111,510	3,269,907	37,729	(15.32	%)	(15.32	%)	(14.25	%)
2001	04/02/01	04/03/01	07/02/01	9.04	9.10	2,504,993	428,924	1,023	(9.59	%)	(8.53	%)	(9.04	%)
Capital Opportunities
2002				6.74	6.41	2,551,387	367,565	5,445	(27.98	%)	(27.98	%)	(27.07	%)
2001	04/05/01	04/12/01	07/02/01	9.36	8.79	1,163,015	149,055	1,401	(6.67	%)	(11.15	%)	(12.08	%)
Mid-Cap Growth
2002				5.53	4.48	2,396,177	384,490	31,698	(47.90	%)	(47.90	%)	(47.24	%)
2001	04/02/01	04/27/01	09/17/01	10.62	8.49	1,200,646	168,874	See (5)	6.23	%	(19.07	%)	15.61	%
Global Growth
2002			01/28/02	7.56	7.28	630,277	56,655	6,310	(20.80	%)	(20.80	%)	(17.52	%)
2001	04/05/01	05/03/01		9.55	9.07	355,428	32,037		(5.43	%)	(13.13	%)
Equity Index
2002				7.62	7.21	7,481,319	1,226,200	28,722	(23.62	%)	(23.62	%)	(22.65	%)
2001	04/02/01	04/03/01	09/07/01	9.97	9.32	3,326,399	581,320	27,684	(0.26	%)	3.30	%	5.98	%
Small-Cap Index
2002				8.58	7.74	2,655,068	438,204	35,200	(22.48	%)	(22.48	%)	(21.50	%)
2001	04/09/01	04/05/01	11/28/01	11.07	9.86	603,720	93,843	973	10.16	%	9.43	%	7.68	%
Real Estate (3)
2002				10.72	10.04	2,355,294	468,410	21,445	(1.95	%)	(1.95	%)	(0.72	%)
2001	04/04/01	04/05/01	07/02/01	10.94	10.11	1,127,914	212,856	7,606	10.76	%	9.55	%	1.13	%
Inflation Managed
2002				11.42	11.63	10,913,817	4,733,346	34,040	13.56	%	13.56	%	14.99	%
2001	04/02/01	04/03/01	09/07/01	10.06	10.11	3,532,994	942,126	5,439	0.60	%	0.51	%	(0.18	%)
Managed Bond
2002				11.24	11.52	18,674,851	4,858,951	61,331	9.12	%	9.12	%	10.49	%
2001	04/02/01	04/03/01	09/07/01	10.30	10.43	9,330,375	2,044,157	10,790	2.98	%	2.88	%	0.03	%
Money Market
2002				10.09	10.22	11,419,100	11,097,215	2,195,431	(0.24	%)	(0.24	%)	1.01	%
2001	04/02/01	04/03/01	09/07/01	10.12	10.12	8,675,282	3,681,201	180,016	1.19	%	1.18	%	0.61	%
High Yield Bond
2002				9.15	9.54	4,408,755	1,641,016	47,463	(4.58	%)	(4.58	%)	(3.38	%)
2001	04/02/01	04/03/01	09/07/01	9.59	9.87	1,862,023	376,053	795	(4.13	%)	(3.09	%)	(1.23	%)
Equity Income (4)
2002	01/02/02	01/04/02	03/01/02	8.50	8.61	1,337,585	329,847	15,705	(14.96	%)	(17.04	%)	(15.82	%)
Research (4)
2002	01/07/02	02/11/02		7.75	7.85	114,503	30,014		(24.28	%)	(18.58	%)
Equity
2002				7.36	6.65	1,105,041	140,551		(27.71	%)	(27.71	%)
2001	04/04/01	04/11/01		10.18	9.08	954,219	120,532		7.31	%	(2.93	%)
Aggressive Equity
2002				8.12	6.78	1,014,789	146,086	8,153	(26.32	%)	(26.32	%)	(25.39	%)
2001	04/02/01	04/05/01	09/17/01	11.01	9.09	293,748	47,256	See (5)	10.14	%	9.62	%	16.65	%
Large-Cap Value
2002				7.53	7.37	12,859,786	2,352,474	25,369	(24.22	%)	(24.22	%)	(23.27	%)
2001	04/04/01	04/05/01	07/02/01	9.94	9.61	5,006,090	924,380	4,108	2.99	%	(1.18	%)	(3.91	%)

See Notes to Financial Statements See explanation of references on H-13

H-4

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Stepped-Up Death Benefit
	Commencement Date for Initial Operating Year		AUV	Number of Units Outstanding at End of Year		Total Returns (1)
Variable Accounts	Pacific Value Contracts	Pacific Innovations Contracts	at End of Year	Pacific Value Contracts	Pacific Innovations Contracts	Pacific Value Contracts	Pacific Innovations Contracts
Blue Chip
2002			$5.84	7,199,840	278,780	(27.12%)	(27.12%)
2001	01/02/01	01/02/01	8.01	4,218,986	272,994	(19.87%)	(19.87%)
Aggressive Growth
2002			6.03	687,508	29,535	(23.56%)	(23.56%)
2001	01/02/01	01/29/01	7.89	791,379	55,731	(21.06%)	(27.19%)
Emerging Markets
2002			5.49	1,788,373	67,149	(4.61%)	(4.61%)
2001			5.76	1,712,155	85,950	(10.14%)	(10.14%)
Diversified Research
2002			7.74	2,673,910	141,990	(25.40%)	(25.40%)
2001			10.38	2,503,111	143,436	(4.30%)	(4.30%)
Small-Cap Equity
2002			12.65	1,785,698	95,564	(24.79%)	(24.79%)
2001			16.81	1,793,887	111,966	(4.10%)	(4.10%)
International Large-Cap
2002			5.03	7,454,086	432,067	(18.94%)	(18.94%)
2001			6.21	5,788,862	490,702	(19.60%)	(19.60%)
I-Net Tollkeeper
2002			2.64	1,445,130	173,458	(39.59%)	(39.59%)
2001			4.37	1,809,475	194,993	(34.95%)	(34.95%)
Financial Services
2002			7.67	698,599	39,675	(15.95%)	(15.95%)
2001	01/02/01	01/19/01	9.12	586,542	33,833	(8.76%)	(3.73%)
Health Sciences
2002			6.86	876,797	37,936	(24.52%)	(24.52%)
2001	01/02/01	01/04/01	9.08	695,248	34,324	(9.16%)	(1.75%)
Technology
2002			3.07	889,186	56,113	(47.20%)	(47.20%)
2001	01/02/01	01/19/01	5.81	496,752	27,093	(41.88%)	(47.68%)
Telecommunications
2002			2.73	345,048	20,339	(47.90%)	(47.90%)
2001	01/02/01	01/31/01	5.24	258,369	20,017	(47.57%)	(55.52%)
Multi-Strategy
2002			13.18	2,569,361	76,461	(14.45%)	(14.45%)
2001			15.41	2,813,063	85,642	(2.73%)	(2.73%)
Large-Cap Core (2)
2002			11.71	4,311,113	142,646	(29.54%)	(29.54%)
2001			16.61	5,157,155	180,975	(10.33%)	(10.33%)
Strategic Value
2002			6.62	1,201,284	48,813	(23.39%)	(23.39%)
2001			8.64	1,050,502	50,417	(11.31%)	(11.31%)
Growth LT
2002			14.44	7,266,543	251,607	(30.10%)	(30.10%)
2001			20.65	8,253,627	276,157	(30.68%)	(30.68%)
Focused 30
2002			4.87	950,695	47,702	(30.53%)	(30.53%)
2001			7.01	984,779	52,538	(14.74%)	(14.74%)
Mid-Cap Value
2002			11.95	5,067,498	196,209	(15.82%)	(15.82%)
2001			14.19	4,781,053	216,947	11.49%	11.49%
International Value
2002			9.12	5,849,677	219,179	(15.27%)	(15.27%)
2001			10.77	4,992,402	249,388	(23.12%)	(23.12%)

See Notes to Financial Statements See explanation of references on H-13

H-5

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Stepped-Up Death Benefit
	Commencement Date for Initial Operating Year		AUV	Number of Units Outstanding at End of Year		Total Returns (1)
Variable Accounts	Pacific Value Contracts	Pacific Innovations Contracts	at End of Year	Pacific Value Contracts	Pacific Innovations Contracts	Pacific Value Contracts	Pacific Innovations Contracts
Capital Opportunities
2002			$5.99	1,851,445	72,100	(27.94%)	(27.94%)
2001	01/02/01	01/19/01	8.31	1,234,449	73,261	(16.89%)	(24.80%)
Mid-Cap Growth
2002			4.16	1,766,108	46,008	(47.87%)	(47.87%)
2001	01/02/01	01/02/01	7.99	1,009,314	32,020	(20.11%)	(20.11%)
Global Growth
2002			6.63	320,901	6,020	(20.76%)	(20.76%)
2001	01/02/01	02/20/01	8.37	258,178	5,496	(16.33%)	(15.33%)
Equity Index
2002			13.91	5,162,173	179,278	(23.58%)	(23.58%)
2001			18.21	5,683,784	201,357	(13.56%)	(13.56%)
Small-Cap Index
2002			8.65	2,723,094	66,168	(22.44%)	(22.44%)
2001			11.16	1,803,044	34,152	0.11%	0.11%
Real Estate (3)
2002			13.48	1,590,028	70,497	(1.90%)	(1.90%)
2001			13.74	1,167,679	79,343	6.81%	6.81%
Inflation Managed
2002			14.61	5,269,102	135,716	13.62%	13.62%
2001			12.86	2,779,674	105,804	2.60%	2.60%
Managed Bond
2002			14.65	11,007,610	273,426	9.17%	9.17%
2001			13.42	8,912,313	328,780	5.62%	5.62%
Money Market
2002			12.29	6,679,479	184,006	(0.20%)	(0.20%)
2001			12.31	7,277,398	250,652	2.21%	2.21%
High Yield Bond
2002			10.92	2,559,323	66,373	(4.53%)	(4.53%)
2001			11.44	1,955,677	67,597	(0.27%)	(0.27%)
Equity Income (4)
2002	01/03/02	01/07/02	8.51	1,057,594	39,876	(16.31%)	(16.79%)
Research (4)
2002	01/10/02	06/20/02	7.76	51,103	1,457	(23.67%)	(11.39%)
Equity
2002			10.54	3,332,774	138,568	(27.68%)	(27.68%)
2001			14.58	4,565,452	165,415	(23.01%)	(23.01%)
Aggressive Equity
2002			7.13	2,876,384	123,803	(26.28%)	(26.28%)
2001			9.67	2,807,339	116,458	(18.56%)	(18.56%)
Large-Cap Value
2002			8.95	9,355,708	335,730	(24.18%)	(24.18%)
2001			11.80	7,367,627	343,633	(5.19%)	(5.19%)
Prudential Jennison
2002			7.34	12,832		(32.26%)
2001	10/22/01		10.84	16,223		7.63%
Value
2002			7.89	25,501		(23.58%)
2001	10/03/01		10.32	10,496		8.19%
SP Jennison International Growth
2002			7.61	10,732		(24.06%)
2001	10/03/01		10.02	2,525		7.96%
SP Prudential U.S. Emerging Growth
2002			7.12	6,418		(33.49%)
2001	11/19/01		10.71	1,939		4.53%

See Notes to Financial Statements See explanation of references on H-13

H-6

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Stepped-Up Death Benefit
	Commencement Date for Initial Operating Year			AUV at End of Year for		Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select & Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts
Blue Chip
2002				$7.00	$6.64	4,341,489	255,451	3,375	(27.30%)	(27.30%)	(26.38%)
2001	04/06/01	04/23/01	10/05/01	9.62	9.01	1,638,628	107,682	1,847	(2.18%)	(11.85%)	7.88%
Aggressive Growth
2002				7.42	6.71	520,735	23,738		(23.75%)	(23.75%)
2001	04/10/01	05/16/01		9.72	8.70	330,675	30,637		(6.12%)	(15.21%)
Emerging Markets
2002				9.71	9.26	243,783	17,251	229	(4.85%)	(4.85%)	(3.65%)
2001	04/11/01	04/27/01	12/31/01	10.21	9.61	78,029	2,659	97	(0.58%)	(5.03%)	0.00%
Diversified Research
2002				7.85	7.35	1,400,498	95,481		(25.59%)	(25.59%)
2001	04/06/01	04/23/01		10.55	9.76	689,111	38,983		7.12%	(0.10%)
Small-Cap Equity
2002				8.46	7.24	943,764	35,696	487	(24.98%)	(24.98%)	(24.04%)
2001	04/02/01	04/27/01	12/31/01	11.27	9.53	474,319	15,440	487	12.75%	(1.32%)	0.00%
International Large-Cap
2002				7.46	7.62	2,556,131	158,630	4,806	(19.14%)	(19.14%)	(18.12%)
2001	04/02/01	04/18/01	10/05/01	9.22	9.30	989,214	50,195	2,411	(7.79%)	(14.05%)	8.95%
I-Net Tollkeeper
2002				5.57	4.70	86,367	43		(39.74%)	(39.74%)
2001	04/10/01	04/18/01		9.24	7.70	59,175	2,791		(13.86%)	(23.62%)
Financial Services
2002			09/23/02	8.34	7.93	505,448	21,065	111	(16.16%)	(16.16%)	4.99%
2001	04/06/01	04/18/01		9.95	9.34	340,866	34,542		2.77%	(3.32%)
Health Sciences
2002				8.58	7.56	608,030	30,154		(24.71%)	(24.71%)
2001	04/06/01	04/18/01		11.40	9.91	384,333	31,748		12.46%	2.75%
Technology
2002				5.15	4.40	604,395	44,354		(47.33%)	(47.33%)
2001	04/06/01	04/18/01		9.77	8.26	374,247	27,409		0.43%	(22.56%)
Telecommunications
2002				3.89	3.95	241,337	16,665		(48.03%)	(48.03%)
2001	04/10/01	04/18/01		7.49	7.52	119,160	14,738		(27.93%)	(36.72%)
Multi-Strategy
2002			09/23/02	8.80	8.51	998,418	83,505	140	(14.66%)	(14.66%)	3.44%
2001	04/06/01	04/30/01		10.31	9.85	519,267	42,531		3.45%	(1.77%)
Large-Cap Core (2)
2002				7.13	6.66	1,211,446	59,821	463	(29.72%)	(29.72%)	(28.83%)
2001	04/02/01	04/25/01	12/31/01	10.14	9.36	840,251	54,269	1,057	1.40%	(5.50%)	0.00%
Strategic Value
2002			09/23/02	7.20	7.12	653,082	15,854	206	(23.58%)	(23.58%)	0.74%
2001	04/06/01	04/27/01		9.42	9.20	414,009	13,978		(2.46%)	(11.45%)
Growth LT
2002				6.58	5.97	3,060,290	198,739	2,761	(30.28%)	(30.28%)	(29.40%)
2001	04/02/01	04/23/01	10/05/01	9.43	8.45	1,294,812	69,077	1,506	(5.69%)	(18.62%)	6.02%
Focused 30
2002				7.71	7.39	220,187	6,358		(30.70%)	(30.70%)
2001	04/16/01	04/18/01		11.12	10.53	133,218	4,055		8.90%	1.46%
Mid-Cap Value
2002				9.68	8.72	2,748,866	201,785	1,635	(16.03%)	(16.03%)	(14.97%)
2001	04/02/01	04/23/01	10/05/01	11.53	10.26	1,301,503	119,569	1,144	15.29%	9.39%	13.99%

See Notes to Financial Statements See explanation of references on H-13

H-7

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Stepped-Up Death Benefit
	Commencement Date for Initial Operating Year			AUV at End of Year for		Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select & Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts
International Value
2002				$7.63	$7.78	2,574,027	202,586	2,539	(15.49%)	(15.49%)	(14.42%)
2001	04/02/01	04/23/01	10/05/01	9.03	9.09	834,945	62,513	1,336	(9.73%)	(12.89%)	5.46%
Capital Opportunities
2002				6.72	6.39	1,267,335	45,808	744	(28.12%)	(28.12%)	(27.22%)
2001	04/05/01	05/16/01	12/31/01	9.35	8.78	561,878	11,166	247	(6.81%)	(18.22%)	0.00%
Mid-Cap Growth
2002			01/24/02	5.52	4.46	1,574,297	61,788	689	(48.00%)	(48.00%)	(44.15%)
2001	04/05/01	04/18/01		10.61	8.48	756,565	51,567		3.66%	(13.68%)
Global Growth
2002			09/23/02	7.54	7.26	292,770	10,735	143	(20.96%)	(20.96%)	4.26%
2001	04/06/01	05/07/01		9.54	9.07	169,187	5,336		(4.85%)	(13.78%)
Equity Index
2002				7.59	7.19	2,544,186	209,760	1,943	(23.77%)	(23.77%)	(22.81%)
2001	04/02/01	04/25/01	10/05/01	9.96	9.31	1,114,646	86,834	1,384	(0.41%)	(7.01%)	7.29%
Small-Cap Index
2002			06/21/02	8.55	7.71	1,065,894	78,381	398	(22.64%)	(22.64%)	(16.90%)
2001	04/11/01	04/18/01		11.05	9.85	204,137	27,686		8.12%	4.12%
Real Estate (3)
2002				10.69	10.01	869,518	65,770	306	(2.15%)	(2.15%)	(0.92%)
2001	04/10/01	04/18/01	12/31/01	10.92	10.10	415,872	27,993	153	10.54%	9.94%	0.00%
Inflation Managed
2002				11.38	11.59	3,212,778	470,913	1,144	13.33%	13.33%	14.76%
2001	04/02/01	04/25/01	10/05/01	10.04	10.10	1,016,780	81,623	841	0.45%	1.30%	(0.96%)
Managed Bond
2002				11.20	11.49	6,522,651	623,199	4,470	8.90%	8.90%	10.27%
2001	04/02/01	04/11/01	10/05/01	10.28	10.42	3,094,696	254,503	4,173	2.82%	3.76%	(1.51%)
Money Market
2002				10.06	10.19	3,600,821	530,235	4,001	(0.44%)	(0.44%)	0.81%
2001	04/02/01	04/11/01	09/04/01	10.10	10.11	3,485,768	262,308	1,022	1.04%	0.97%	0.57%
High Yield Bond
2002				9.12	9.51	1,784,489	448,990	1,207	(4.77%)	(4.77%)	(3.57%)
2001	04/02/01	04/25/01	10/05/01	9.57	9.86	482,390	27,465	680	(4.27%)	(3.28%)	6.35%
Equity Income (4)
2002	01/03/02	02/05/02		8.49	8.59	588,682	34,520		(16.52%)	(12.39%)
Research (4)
2002	01/11/02	04/01/02		7.74	7.83	61,852	2,535		(22.94%)	(22.02%)
Equity
2002				7.33	6.63	470,399	20,286	See (5)	(27.86%)	(27.86%)	(26.95%)
2001	04/10/01	04/23/01	12/13/01	10.16	9.07	442,282	9,976	341	(2.40%)	(10.40%)	0.00%
Aggressive Equity
2002			06/21/02	8.09	6.76	423,805	23,051	140	(26.47%)	(26.47%)	(20.37%)
2001	04/10/01	04/27/01		11.00	9.08	137,859	5,371		5.04%	(5.44%)
Large-Cap Value
2002				7.51	7.35	5,254,064	346,767	5,224	(24.37%)	(24.37%)	(23.42%)
2001	04/06/01	04/25/01	10/05/01	9.93	9.60	2,023,116	148,427	2,871	0.94%	(6.07%)	7.13%

See Notes to Financial Statements See explanation of references on H-13

H-8

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Premier Death Benefit
	Commencement Date for Initial Operating Year		AUV	Number of Units Outstanding at End of Year		Total Returns (1)
Variable Accounts	Pacific Value Contracts	Pacific Innovations Contracts	at End of Year	Pacific Value Contracts	Pacific Innovations Contracts	Pacific Value Contracts	Pacific Innovations Contracts
Blue Chip
2002			$5.82	4,838,326	128,787	(27.23%)	(27.23%)
2001	01/02/01	01/10/01	8.00	2,498,852	112,661	(19.99%)	(22.36%)
Aggressive Growth
2002			6.02	471,339	2,756	(23.67%)	(23.67%)
2001	01/02/01	02/08/01	7.88	395,785	14,934	(21.18%)	(24.16%)
Emerging Markets
2002			5.46	1,274,996	26,351	(4.75%)	(4.75%)
2001			5.73	1,137,395	27,845	(10.28%)	(10.28%)
Diversified Research
2002			7.71	1,406,060	82,571	(25.51%)	(25.51%)
2001			10.35	1,037,855	100,919	(4.44%)	(4.44%)
Small-Cap Equity
2002			12.57	1,153,708	57,806	(24.91%)	(24.91%)
2001			16.74	1,052,182	85,623	(4.25%)	(4.25%)
International Large-Cap
2002			5.01	4,929,408	243,716	(19.06%)	(19.06%)
2001			6.19	3,240,232	327,597	(19.72%)	(19.72%)
I-Net Tollkeeper
2002			2.63	1,857,935	110,387	(39.68%)	(39.68%)
2001			4.35	1,757,030	103,915	(35.05%)	(35.05%)
Financial Services
2002			7.65	500,627	7,358	(16.07%)	(16.07%)
2001	01/02/01	01/23/01	9.11	417,466	4,358	(8.90%)	(7.07%)
Health Sciences
2002			6.84	609,573	6,760	(24.64%)	(24.64%)
2001	01/02/01	01/23/01	9.07	524,438	5,099	(9.30%)	(0.31%)
Technology
2002			3.06	588,970	8,410	(47.28%)	(47.28%)
2001	01/02/01	01/30/01	5.80	401,762	12,078	(41.97%)	(48.11%)
Telecommunications
2002			2.72	524,527	3,407	(47.98%)	(47.98%)
2001	01/02/01	01/30/01	5.23	167,184	2,457	(47.65%)	(56.34%)
Multi-Strategy
2002			13.11	1,237,715	36,624	(14.57%)	(14.57%)
2001			15.34	1,371,497	43,025	(2.88%)	(2.88%)
Large-Cap Core (2)
2002			11.64	2,477,968	100,552	(29.65%)	(29.65%)
2001			16.54	2,930,724	127,795	(10.46%)	(10.46%)
Strategic Value
2002			6.60	674,762	14,087	(23.51%)	(23.51%)
2001			8.62	595,596	16,437	(11.44%)	(11.44%)
Growth LT
2002			14.35	4,124,734	148,206	(30.21%)	(30.21%)
2001			20.56	4,393,510	160,026	(30.79%)	(30.79%)
Focused 30
2002			4.86	409,452	14,780	(30.63%)	(30.63%)
2001			7.00	487,453	22,130	(14.87%)	(14.87%)
Mid-Cap Value
2002			11.88	3,501,716	105,378	(15.94%)	(15.94%)
2001			14.13	2,937,900	134,668	11.32%	11.32%
International Value
2002			9.07	4,008,551	124,578	(15.40%)	(15.40%)
2001			10.72	3,264,750	135,937	(23.24%)	(23.24%)

See Notes to Financial Statements See explanation of references on H-13

H-9

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Premier Death Benefit
	Commencement Date for Initial Operating Year		AUV	Number of Units Outstanding at End of Year		Total Returns (1)
Variable Accounts	Pacific Value Contracts	Pacific Innovations Contracts	at End of Year	Pacific Value Contracts	Pacific Innovations Contracts	Pacific Value Contracts	Pacific Innovations Contracts
Capital Opportunities
2002			$5.97	1,172,909	37,392	(28.05%)	(28.05%)
2001	01/02/01	01/10/01	8.30	656,294	40,735	(17.01%)	(21.95%)
Mid-Cap Growth
2002			4.15	1,239,597	11,911	(47.95%)	(47.95%)
2001	01/02/01	02/08/01	7.98	697,944	13,270	(20.23%)	(22.01%)
Global Growth
2002			6.61	219,463	60	(20.88%)	(20.88%)
2001	01/02/01	03/12/01	8.35	152,873	49	(16.45%)	(9.65%)
Equity Index
2002			13.83	3,414,826	114,455	(23.69%)	(23.69%)
2001			18.12	3,274,769	116,049	(13.69%)	(13.69%)
Small-Cap Index
2002			8.60	1,846,871	42,546	(22.56%)	(22.56%)
2001			11.11	1,213,369	29,667	(0.04%)	(0.04%)
Real Estate (3)
2002			13.39	1,067,358	46,416	(2.05%)	(2.05%)
2001			13.68	852,530	30,363	6.65%	6.65%
Inflation Managed
2002			14.52	3,262,347	103,323	13.45%	13.45%
2001			12.80	1,858,921	65,875	2.45%	2.45%
Managed Bond
2002			14.57	7,323,534	219,093	9.01%	9.01%
2001			13.36	5,763,589	229,185	5.46%	5.46%
Money Market
2002			12.22	5,621,521	139,002	(0.34%)	(0.34%)
2001			12.26	5,777,615	204,875	2.05%	2.05%
High Yield Bond
2002			10.86	2,017,581	40,330	(4.68%)	(4.68%)
2001			11.39	1,583,223	44,400	(0.42%)	(0.42%)
Equity Income (4)
2002	01/07/02	01/03/02	8.50	750,600	18,952	(16.92%)	(16.44%)
Research (4)
2002	01/23/02	01/11/02	7.75	27,103	456	(21.46%)	(22.87%)
Equity
2002			10.48	1,891,855	73,479	(27.78%)	(27.78%)
2001			14.51	2,502,904	104,893	(23.13%)	(23.13%)
Aggressive Equity
2002			7.09	1,700,359	42,236	(26.40%)	(26.40%)
2001			9.63	1,762,899	48,382	(18.68%)	(18.68%)
Large-Cap Value
2002			8.89	6,003,811	167,731	(24.30%)	(24.30%)
2001			11.75	4,283,946	176,129	(5.33%)	(5.33%)
Prudential Jennison
2002			7.33	29,783		(32.36%)
2001	09/19/01		10.83	20,110		20.86%
Value
2002			7.87	25,293		(23.70%)
2001	09/19/01		10.32	24,981		13.29%
SP Jennison International Growth
2002			7.60	22,157		(24.18%)
2001	10/18/01		10.02	4,185		4.46%
SP Prudential U.S. Emerging Growth
2002			7.11	15,386		(33.59%)
2001	09/19/01		10.71	4,945		21.60%

See Notes to Financial Statements See explanation of references on H-13

H-10

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Premier Death Benefit
	Commencement Date for Initial Operating Year			AUV at End of Year for		Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select & Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts
Blue Chip
2002			07/15/02	$6.98	$6.62	3,460,103	196,501	3,211	(27.41%)	(27.41%)	(4.66%)
2001	04/11/01	04/10/01		9.61	9.01	1,290,854	75,424		(6.51%)	(6.46%)
Aggressive Growth
2002				7.40	6.70	396,138	23,235	See (5)	(23.86%)	(23.86%)	(22.91%)
2001	04/11/01	05/09/01	08/13/01	9.71	8.69	241,308	16,256	1,100	(5.79%)	(12.93%)	(6.33%)
Emerging Markets
2002			07/15/02	9.69	9.24	225,126	22,831	1,057	(4.99%)	(4.99%)	(9.31%)
2001	04/11/01	05/09/01		10.20	9.60	90,230	4,419		(0.69%)	(6.71%)
Diversified Research
2002			02/22/02	7.83	7.34	1,389,542	63,099	4,118	(25.70%)	(25.70%)	(18.51%)
2001	04/11/01	04/10/01		10.54	9.75	496,758	41,778		3.71%	3.67%
Small-Cap Equity
2002			07/15/02	8.44	7.23	757,769	56,954	2,537	(25.09%)	(25.09%)	(8.34%)
2001	04/05/01	04/11/01		11.26	9.53	359,490	22,331		11.75%	7.88%
International Large-Cap
2002			10/31/02	7.44	7.60	2,293,198	152,705	1,474	(19.26%)	(19.26%)	0.67%
2001	04/05/01	04/11/01		9.21	9.29	886,013	67,791		(9.72%)	(11.48%)
I-Net Tollkeeper
2002				5.55	4.69	133,469	7,416		(39.84%)	(39.84%)
2001	04/20/01	06/08/01		9.23	7.70	61,145	3,236		(26.44%)	(25.03%)
Financial Services
2002				8.32	7.91	459,482	36,985		(16.28%)	(16.28%)
2001	04/11/01	04/06/01		9.94	9.33	347,151	15,305		0.02%	2.66%
Health Sciences
2002				8.56	7.54	713,719	22,863		(24.83%)	(24.83%)
2001	04/10/01	05/25/01		11.39	9.91	566,124	9,301		8.22%	(1.70%)
Technology
2002				5.13	4.39	515,237	24,855		(47.41%)	(47.41%)
2001	04/11/01	04/06/01		9.76	8.25	345,460	8,358		(12.55%)	0.31%
Telecommunications
2002				3.88	3.95	245,839	22,212		(48.11%)	(48.11%)
2001	04/20/01	08/06/01		7.48	7.51	129,694	2,425		(38.31%)	(16.55%)
Multi-Strategy
2002			02/22/02	8.77	8.49	641,237	21,126	1,774	(14.79%)	(14.79%)	(9.64%)
2001	04/11/01	05/24/01		10.29	9.84	380,828	9,678		1.55%	(3.88%)
Large-Cap Core (2)
2002			02/22/02	7.11	6.65	1,015,515	51,050	1,418	(29.82%)	(29.82%)	(22.05%)
2001	04/05/01	04/11/01		10.13	9.36	697,289	25,962		0.59%	(1.50%)
Strategic Value
2002				7.18	7.10	459,562	42,501		(23.70%)	(23.70%)
2001	04/19/01	06/21/01		9.41	9.19	341,710	9,893		(10.58%)	(8.71%)
Growth LT
2002			02/22/02	6.56	5.95	2,887,113	164,062	1,391	(30.38%)	(30.38%)	(20.37%)
2001	04/05/01	04/10/01		9.42	8.45	1,275,421	61,280		(6.68%)	(10.54%)
Focused 30
2002				7.69	7.37	211,042	8,199		(30.81%)	(30.81%)
2001	04/20/01	06/08/01		11.11	10.53	151,411	7,049		2.04%	1.68%
Mid-Cap Value
2002				9.66	8.70	2,389,821	242,811	2,435	(16.15%)	(16.15%)	(15.10%)
2001	04/10/01	04/10/01	08/13/01	11.52	10.25	1,186,018	96,268	998	13.26%	13.26%	3.34%

See Notes to Financial Statements See explanation of references on H-13

H-11

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Contracts with Premier Death Benefit
	Commencement Date for Initial Operating Year			AUV at End of Year for		Number of Units Outstanding at End of Year			Total Returns (1)
Variable Accounts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select & Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts	Pacific Innovations Select Contracts	Pacific One Select Contracts	Pacific Odyssey Contracts
International Value
2002			07/15/02	$7.61	$7.76	2,461,826	177,351	3,694	(15.61%)	(15.61%)	(5.78%)
2001	04/05/01	04/10/01		9.02	9.08	851,203	78,043		(11.31%)	(12.56%)
Capital Opportunities
2002			10/31/02	6.70	6.38	958,306	53,650	252	(28.23%)	(28.23%)	1.06%
2001	04/02/01	04/30/01		9.34	8.78	448,482	21,497		(6.62%)	(17.53%)
Mid-Cap Growth
2002				5.50	4.45	1,093,405	64,641		(48.08%)	(48.08%)
2001	04/11/01	05/18/01		10.60	8.47	537,801	33,315		(5.00%)	(23.23%)
Global Growth
2002			07/15/02	7.52	7.24	196,418	9,523	2,578	(21.08%)	(21.08%)	(6.69%)
2001	04/16/01	06/19/01		9.53	9.06	91,333	4,648		(8.27%)	(8.54%)
Equity Index
2002			02/22/02	7.57	7.17	2,382,816	120,006	922	(23.88%)	(23.88%)	(18.85%)
2001	04/05/01	04/11/01		9.95	9.30	1,209,353	42,899		(0.99%)	(2.26%)
Small-Cap Index
2002				8.53	7.70	971,831	110,740	3,905	(22.75%)	(22.75%)	(21.78%)
2001	04/19/01	05/02/01	08/13/01	11.04	9.84	186,900	46,235	1,032	2.75%	(1.20%)	2.53%
Real Estate (3)
2002			02/19/02	10.66	9.99	742,357	69,432	2,112	(2.29%)	(2.29%)	(1.96%)
2001	04/10/01	04/11/01		10.91	10.09	323,797	25,918		10.42%	12.27%
Inflation Managed
2002			02/22/02	11.35	11.57	2,692,681	350,553	2,074	13.16%	13.16%	13.54%
2001	04/05/01	04/11/01		10.03	10.10	772,661	44,662		0.43%	0.97%
Managed Bond
2002			07/15/02	11.17	11.46	5,940,033	427,801	2,942	8.74%	8.74%	5.49%
2001	04/05/01	04/10/01		10.27	10.41	2,643,122	154,159		2.80%	3.47%
Money Market
2002			11/25/02	10.03	10.17	3,129,500	567,037	590	(0.59%)	(0.59%)	0.03%
2001	04/05/01	04/11/01		10.09	10.10	2,157,872	431,931		0.91%	0.86%
High Yield Bond
2002			02/22/02	9.09	9.49	1,241,320	76,951	318	(4.91%)	(4.91%)	(2.61%)
2001	04/05/01	04/11/01		9.56	9.86	406,825	18,704		(2.94%)	(3.03%)
Equity Income (4)
2002	01/04/02	01/10/02	07/15/02	8.47	8.58	466,253	42,555	1,130	(17.33%)	(16.53%)	(3.05%)
Research (4)
2002	01/11/02	03/20/02		7.73	7.82	52,387	2,601		(23.06%)	(22.38%)
Equity
2002				7.31	6.61	529,832	23,890		(27.97%)	(27.97%)
2001	04/10/01	06/08/01		10.15	9.07	388,844	14,981		(2.51%)	(13.83%)
Aggressive Equity
2002			07/15/02	8.07	6.75	369,398	51,139	1,565	(26.58%)	(26.58%)	(8.50%)
2001	04/10/01	04/10/01		10.99	9.07	113,526	15,249		4.92%	4.92%
Large-Cap Value
2002			07/15/02	7.49	7.33	4,854,748	291,744	3,654	(24.49%)	(24.49%)	(6.83%)
2001	04/10/01	05/01/01		9.92	9.59	1,787,341	85,595		(2.58%)	(8.40%)

See Notes to Financial Statements See explanation of references on H-13

H-12

SEPARATE ACCOUNT A

FINANCIAL HIGHLIGHTS (Continued)

	Total Net Assets at End of Year (in $000's)		Ratios of Investment Income to Average Net Assets (6)
Variable Accounts	2002	2001	2002	2001
Blue Chip (7)	$477,035	$399,449	0.13%	0.12%
Aggressive Growth (7)	38,543	65,995	0.00%	0.00%
Emerging Markets	96,542	93,715	0.51%	0.14%
Diversified Research	172,513	187,682	0.29%	0.25%
Small-Cap Equity	172,660	228,662	0.51%	15.57%
International Large-Cap	387,361	374,447	0.93%	0.82%
I-Net Tollkeeper	34,687	60,855	0.00%	0.00%
Financial Services (7)	54,325	51,666	0.25%	0.47%
Health Sciences (7)	63,160	70,563	0.00%	0.00%
Technology (7)	34,306	42,027	0.00%	0.00%
Telecommunications (7)	13,088	13,924	0.01%	0.14%
Multi-Strategy	295,652	375,938	3.13%	2.66%
Large-Cap Core (2)	408,214	694,811	0.70%	1.70%
Strategic Value	64,298	71,145	0.10%	0.40%
Growth LT	859,556	1,282,100	1.02%	16.55%
Focused 30	31,967	47,227	0.16%	0.07%
Mid-Cap Value	554,894	606,359	6.88%	3.28%
International Value	609,313	597,761	1.04%	2.55%
Capital Opportunities (7)	118,604	114,712	0.21%	0.20%
Mid-Cap Growth (7)	75,943	81,283	0.00%	0.00%
Global Growth (7)	22,884	19,602	0.00%	0.00%
Equity Index	731,684	970,855	9.64%	1.41%
Small-Cap Index	224,678	154,533	0.85%	8.88%
Real Estate (3)	223,697	171,783	5.59%	3.92%
Inflation Managed	969,025	437,761	2.45%	3.55%
Managed Bond	1,807,539	1,443,776	5.43%	5.08%
Money Market	1,128,294	1,048,968	1.41%	3.57%
High Yield Bond	356,950	284,405	8.82%	9.72%
Equity Income (4)	91,362	—	1.59%
Research (4)	5,290	—	0.78%
Equity	247,642	444,528	0.34%	6.08%
Aggressive Equity	156,379	194,874	0.00%	0.00%
Large-Cap Value	804,079	775,383	1.09%	3.79%
Prudential Jennison (8)	410	451	0.00%	0.00%
Value (8)	590	472	1.24%	28.39%
SP Jennison International Growth (8)	363	153	0.00%	0.00%
SP Prudential U.S. Emerging Growth (8)	180	104	0.00%	0.00%

Explanation of References for Financial Highlights on H-1 through H-13

(1) Total returns reflect a deduction for mortality and expense risk, administrative charges, and additional death benefit rider charges, if any, assessed through the daily accumulation unit value calculation and these charges are assessed at annual rates ranging from 0.40% to 2.00% of the average daily net assets of each Variable Account as discussed in Note 3 to Financial Statements. Total returns do not include deductions at the separate account or contract level for any premium loads, maintenance fees, premium tax charges, surrender charges, or other charges that may be incurred under a contract which, if incurred, would have resulted in lower returns. Total returns are not annualized for periods of less than one full year.

(2) The Large-Cap Core Variable Account was formerly named Equity Income Variable Account.

(3) The Real Estate Variable Account was formerly named REIT Variable Account.

(4) Operations commenced on January 2, 2002.

(5) All purchased units were fully redeemed prior to end of the year.

(6) The ratios of investment income to average daily net assets are annualized for periods of less than one full year.

(7) Operations commenced on January 2, 2001.

(8) Operations commenced on September 6, 2001.

See Notes to Financial Statements

H-13

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES

The Separate Account A (the “Separate Account”) is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and as of December 31, 2002 is comprised of thirty-seven subaccounts called Variable Accounts: the Blue Chip, Aggressive Growth, Emerging Markets, Diversified Research, Small-Cap Equity, International Large-Cap, I-Net Tollkeeper, Financial Services, Health Sciences, Technology, Telecommunications, Multi-Strategy, Large-Cap Core (formerly Equity Income), Strategic Value, Growth LT, Focused 30, Mid-Cap Value, International Value, Capital Opportunities, Mid-Cap Growth, Global Growth, Equity Index, Small-Cap Index, Real Estate (formerly REIT), Inflation Managed, Managed Bond, Money Market, High Yield Bond, Equity Income, Research, Equity, Aggressive Equity, Large-Cap Value, Prudential Jennison, Value, SP Jennison International Growth, and SP Prudential U.S. Emerging Growth Variable Accounts. The assets in each of the first thirty-three Variable Accounts are invested in shares of the corresponding portfolios of the Pacific Select Fund and the assets of the last four Variable Accounts are invested in the Class II shares of the corresponding portfolios of the Prudential Series Fund, Inc. (collectively, the “Funds”). Each portfolio pursues different investment objectives and policies. The financial statements of the Funds, including the schedules of investments, are either included in Sections B through F of this brochure or provided separately and should be read in conjunction with the Separate Account’s financial statements.

The Separate Account organized and registered with the Securities and Exchange Commission two new Variable Accounts that began operations in 2002: The Equity Income and Research Variable Accounts. Both Variable Accounts commenced operations on January 2, 2002.

The Separate Account was established by Pacific Life Insurance Company (“Pacific Life”) on September 7, 1994 and commenced operations on January 2, 1996. Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the other assets and liabilities of Pacific Life. The assets of the Separate Account will not be charged with any liabilities arising out of any other business conducted by Pacific Life, but the obligations of the Separate Account, including benefits related to variable annuities, are obligations of Pacific Life.

The Separate Account held by Pacific Life represents funds from individual flexible premium variable accumulation deferred annuity contracts (the “Contracts”). The assets of the Separate Account are carried at market value.

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for investment companies which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates.

A. Valuation of Investments

Investments in shares of the Funds are valued at the reported net asset values of the respective portfolios. Valuation of securities held by the Funds is discussed in the notes to their financial statements.

B. Security Transactions and Investment Income

Transactions are recorded on the trade date. Realized gains and losses on sales of investments are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date.

C. Federal Income Taxes

The operations of the Separate Account will be reported on the Federal income tax return of Pacific Life, which is taxed as a life insurance company under the provisions of the Tax Reform Act of 1986. Under current tax law, no Federal income taxes are expected to be paid by Pacific Life with respect to the operations of the Separate Account.

2. DIVIDENDS

During 2002, the Funds declared dividends for each portfolio, except for the Aggressive Growth, I-Net Tollkeeper, Health Sciences, Technology, Mid-Cap Growth, Global Growth, Aggressive Equity, Prudential Jennison, SP Jennison International Growth, and SP Prudential U.S. Emerging Growth Portfolios invested in by the Separate Account. The amounts accrued by the Separate Account for its share of the dividends were reinvested in additional full and fractional shares of the related portfolio.

3. CHARGES AND EXPENSES

Contracts funded by the Separate Account currently being sold include the Pacific Portfolios, Pacific One, Pacific One Select, Pacific Value, Pacific Innovations, Pacific Innovations Select, and Pacific Odyssey. Pacific One Select, Pacific Value, Pacific Innovations, Pacific Innovations Select, and Pacific Odyssey Contracts have three different death benefit options: the Standard Death Benefit, the Stepped-Up Death Benefit Rider, and the Premier Death Benefit Rider. These death benefit riders are not available to owners of Pacific Portfolios and Pacific One Contracts. Pacific Life charges the Separate Account daily for mortality and expense (M&E) risks assumed, administrative costs incurred in operating the Separate Account and issuing and administering the Contracts, and additional death benefit rider charges for Pacific One Select, Pacific Value, Pacific Innovations, Pacific Innovations Select, and Pacific Odyssey Contract Owners who purchased the Stepped-Up Death Benefit Rider or the Premier Death Benefit Rider. These charges are assessed daily at the following annual rates on the average daily net assets of each Variable Account:

Pacific Portfolio,Pacific One, Pacific Value and Pacific Innovations Contracts	Standard Death Benefit	With Stepped- Up Death Benefit Rider	With Premier Death Benefit Rider
M&E Risk Charge	1.25%	1.25%	1.25%
Administrative Fee	0.15%	0.15%	0.15%
Death Benefit Rider Charge	None	0.20%	0.35%
Total Annual Expenses	1.40%	1.60%	1.75%
Pacific Innovations Select and Pacific One Select Contracts
M&E Risk Charge	1.40%	1.40%	1.40%
Administrative Fee	0.25%	0.25%	0.25%
Death Benefit Rider Charge	None	0.20%	0.35%
Total Annual Expenses	1.65%	1.85%	2.00%

I-1

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

Pacific Odyssey Contracts	Standard Death Benefit	With Stepped- Up Death Benefit Rider	With Premier Death Benefit Rider
M&E Risk Charge	0.15%	0.15%	0.15%
Administrative Fee	0.25%	0.25%	0.25%
Death Benefit Rider Charge	None	0.20%	0.35%
Total Annual Expenses	0.40%	0.60%	0.75%

Under the Contracts, Pacific Life makes certain deductions from the net assets of each Variable Account for maintenance fees, any state premium taxes, and any surrender charges. The operating expenses of the Separate Account are paid by Pacific Life.

4. RELATED PARTY AGREEMENT

Pacific Select Distributors, Inc., a wholly-owned subsidiary of Pacific Life, serves as principal underwriter of variable annuity contracts funded by interests in the Separate Account, without remuneration from the Separate Account.

5. SEPARATE ACCOUNT’S COST OF INVESTMENTS IN THE FUNDS’ SHARES

The cost of investments in the Funds’ shares are determined on an identified cost basis, which represents the amount available for investment (including reinvested distributions of net investment income and realized gains) in such shares after deduction of mortality and expense risk, administrative charges, and additional death benefit rider charges, if any (M&E). A reconciliation of total cost and market value of the Separate Account’s investments in the Funds as of December 31, 2002 were as follows (amounts in thousands):

	Variable Accounts
	Blue Chip		Aggressive Growth		Emerging Markets		Diversified Research		Small-Cap Equity		International Large-Cap
Total cost of investments at beginning of year	$438,963		$71,113		$99,788		$186,311		$243,972		$392,529
Add:    Total net proceeds from policy and M&E transactions	248,107		58,985		142,203		84,441		121,215		822,288
Reinvested distributions from the Funds:
(a) Dividends from net investment income	578		—		520		505		1,100		3,495
(b) Distributions from capital gains	—		—		—		—		—		—
Sub-Total	687,648		130,098		242,511		271,257		366,287		1,218,312
Less:    Cost of investments disposed during the year	55,354		85,612		145,238		60,244		151,193		836,364
Total cost of investments at end of year	632,294		44,486		97,273		211,013		215,094		381,948
Add:    Unrealized appreciation (depreciation)	(155,233	)	(5,941	)	(725	)	(38,491	)	(42,425	)	5,431
Total market value of investments at end of year	$477,061		$38,545		$96,548		$172,522		$172,669		$387,379
	I-Net Tollkeeper		Financial Services		Health Sciences		Tech- nology		Telecom- munications		Multi- Strategy
Total cost of investments at beginning of year	$99,854		$52,029		$67,937		$43,951		$17,502		$402,491
Add:    Total net proceeds from policy and M&E transactions	31,427		42,684		40,118		31,237		13,902		51,252
Reinvested distributions from the Funds:
(a) Dividends from net investment income	—		149		—		—		1		6,720
(b) Distributions from capital gains	—		—		—		—		—		3,764
Sub-Total	131,281		94,862		108,055		75,188		31,405		464,227
Less:    Cost of investments disposed during the year	83,989		34,369		33,578		26,520		14,393		104,285
Total cost of investments at end of year	47,292		60,493		74,477		48,668		17,012		359,942
Add:    Unrealized depreciation	(12,603	)	(6,164	)	(11,313	)	(14,360	)	(3,923	)	(64,273	)
Total market value of investments at end of year	$34,689		$54,329		$63,164		$34,308		$13,089		$295,669
	Large-Cap Core (1)		Strategic Value		Growth LT		Focused 30		Mid-Cap Value		International Value
Total cost of investments at beginning of year	$803,734		$76,402		$1,958,314		$52,423		$520,240		$627,796
Add:    Total net proceeds from policy and M&E transactions	42,410		56,619		174,664		14,065		246,790		1,765,762
Reinvested distributions from the Funds:
(a) Dividends from net investment income	3,751		74		10,283		65		2,595		6,312
(b) Distributions from capital gains	—		—		—		—		39,213		—
Sub-Total	849,895		133,095		2,143,261		66,553		808,838		2,399,870
Less:    Cost of investments disposed during the year	218,567		54,736		562,999		23,329		225,152		1,813,606
Total cost of investments at end of year	631,328		78,359		1,580,262		43,224		583,686		586,264
Add:    Unrealized appreciation (depreciation)	(223,087	)	(14,058	)	(720,656	)	(11,256	)	(28,759	)	23,022
Total market value of investments at end of year	$408,241		$64,301		$859,606		$31,968		$554,927		$609,286

(1) The Large-Cap Core Variable Account was formerly named Equity Income Variable Account.

I-2

SEPARATE ACCOUNT A

NOTES TO FINANCIAL STATEMENTS (Continued)

	Variable Accounts
	Capital Opportunities		Mid-Cap Growth		Global Growth		Equity Index		Small-Cap Index		Real Estate (1)		Inflation Managed
Total cost of investments at beginning of year	$128,117		$84,952		$20,203		$1,029,147		$151,507		$151,807		$425,890
Add:    Total net proceeds from policy and M&E transactions	59,728		62,402		50,578		227,262		200,059		145,775		573,283
Reinvested distributions from the Funds:
(a) Dividends from net investment income	237		—		—		11,076		1,734		6,207		7,364
(b) Distributions from capital gains	—		—		—		69,833		—		6,286		9,239
Sub-Total	188,082		147,354		70,781		1,337,318		353,300		310,075		1,015,776
Less:    Cost of investments disposed during the year	28,845		27,903		47,300		358,294		83,410		94,589		141,618
Total cost of investments at end of year	159,237		119,451		23,481		979,024		269,890		215,486		874,158
Add:     Unrealized appreciation (depreciation)	(40,626	)	(43,503	)	(599	)	(247,294	)	(45,201	)	8,223		94,931
Total market value of investments at end of year	$118,611		$75,948		$22,882		$731,730		$224,689		$223,709		$969,089
	Managed Bond		Money Market		High Yield Bond		Equity Income (2)		Research (2)		Equity		Aggressive Equity
Total cost of investments at beginning of year	$1,415,481		$1,048,059		$305,816		$—		$—		$602,733		$208,969
Add:    Total net proceeds from policy and M&E transactions	477,931		2,911,407		333,985		130,771		7,872		44,828		110,739
Reinvested distributions from the Funds:
(a) Dividends from net investment income	74,938		15,571		26,614		802		16		1,141		—
(b) Distributions from capital gains	12,339		—		—		—		—		—		—
Sub-Total	1,980,689		3,975,037		666,415		131,573		7,888		648,702		319,708
Less:    Cost of investments disposed during the year	285,358		2,847,631		299,950		31,892		2,534		248,668		119,502
Total cost of investments at end of year	1,695,331		1,127,406		366,465		99,681		5,354		400,034		200,206
Add:     Unrealized appreciation (depreciation)	112,334		1,047		(9,533	)	(8,314	)	(64	)	(152,377	)	(43,818	)
Total market value of investments at end of year	$1,807,665		$1,128,453		$356,932		$91,367		$5,290		$247,657		$156,388
	Large-Cap Value		Prudential Jennison		Value		SP Jennison International Growth		SP Prudential U.S. Emerging Growth
Total cost of investments at beginning of year	$799,472		$422		$470		$146		$95
Add:    Total net proceeds from policy and M&E transactions	325,346		1,313		497		8,720		196
Reinvested distributions from the Funds:
(a) Dividends from net investment income	8,449		—		8		—		—
(b) Distributions from capital gains	—		—		—		—		—
Sub-Total	1,133,267		1,735		975		8,866		291
Less:    Cost of investments disposed during the year	119,852		1,345		247		8,507		50
Total cost of investments at end of year	1,013,415		390		728		359		241
Add:     Unrealized appreciation (depreciation)	(209,293	)	20		(138	)	4		(61	)
Total market value of investments at end of year	$804,122		$410		$590		$363		$180

(1) The Real Estate Variable Account was formerly named REIT Variable Account.

(2) Operations commenced during 2002 (See Note 1 to Financial Statements).

I-3

INDEPENDENT AUDITORS’ REPORT

The Board of Directors

Pacific Life Insurance Company:

We have audited the accompanying statements of assets and liabilities of Separate Account A (the “Separate Account”) (comprised of Blue Chip, Aggressive Growth, Emerging Markets, Diversified Research, Small-Cap Equity, International Large-Cap, I-Net Tollkeeper, Financial Services, Health Sciences, Technology, Telecommunications, Multi-Strategy, Large-Cap Core (formerly Equity Income), Strategic Value, Growth LT, Focused 30, Mid-Cap Value, International Value, Capital Opportunities, Mid-Cap Growth, Global Growth, Equity Index, Small-Cap Index, Real Estate (formerly REIT), Inflation Managed, Managed Bond, Money Market, High Yield Bond, Equity Income, Research, Equity, Aggressive Equity, Large-Cap Value, Prudential Jennison, Value, SP Jennison International Growth, and SP Prudential U.S. Emerging Growth Variable Accounts) as of December 31, 2002, the related statements of operations for the year then ended (as to the Equity Income and Research Variable Accounts, for the period from commencement of operations through December 31, 2002), and the statements of changes in net assets and financial highlights for each of the two years in the period then ended (as to the Blue Chip, Aggressive Growth, Financial Services, Health Sciences, Technology, Telecommunications, Capital Opportunities, Mid-Cap Growth, Global Growth, Prudential Jennison, Value, SP Jennison International Growth, and SP Prudential U.S. Emerging Growth Variable Accounts, for the year ended December 31, 2002, and for each of the periods from commencement of operations through December 31, 2001, and as to the Equity Income and Research Variable Accounts, for the period from commencement of operations through December 31, 2002). These financial statements and financial highlights are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights. Our procedures included confirmation of securities owned as of December 31, 2002. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements and financial highlights presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the respective Variable Accounts constituting Separate Account A as of December 31, 2002, the results of their operations, the changes in their net assets, and the related financial highlights for the respective stated periods, in conformity with accounting principles generally accepted in the United States of America.

DELOITTE & TOUCHE LLP

Costa Mesa, California

February 19, 2003

J-1

Annual Reports

as of December 31, 2002

• Pacific Select Fund

• Separate Account A of  
Pacific Life Insurance Company

Accountants

Deloitte & Touche LLP

695 Town Center Drive

Suite 1200

Costa Mesa, CA 92626

Counsel

Dechert

1775 Eye Street, N.W.

Washington, D.C. 20006-2401

Pacific Life Insurance Company

P.O. Box 7187

Pasadena, California 91109-7187

ADDRESS SERVICE REQUESTED

Form No. 2143-3A