U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

American Skandia Investment Services, Inc.

On April 17, 2009, the SEC instituted and settled an administrative and cease and desist proceeding against American Skandia Investment Services, Inc. alleging widespread illegal market timing activity in its American Skandia Trust portfolios from at least Jan. 2000 through Sept. 2003.  As part of the settlement, American Skandia agreed to pay $68 million in penalties and disgorgement that were placed into a Fair Fund.  On January 25, 2011, the SEC announced the first distribution of more than $60 million of the Fair Fund, representing 89.47% of the total distribution, to individuals and funds harmed by the market timing activity.

Investors can obtain information about the distribution process by calling Rust Consulting, Inc., the Fair Fund Administrator, at 1-888-812-1571 and by visiting http://asisidistributionfund.com/index.htm.




Modified: 02/14/2011