J.P. Morgan to Provide Global Custody and Securities Lending Capabilities to Jackson National's Variable Insurance Funds

NEW YORK--(Business Wire)--
J.P. Morgan today announced that it has been selected to provide global custody
and securities lending services for the investment options that are available
within the variable annuity and variable life insurance contracts offered by
Jackson National Life Insurance Company® ("Jackson®") and/or Jackson National
Life Insurance Company of New York®. The investment options in this mandate
total approximately $38 billion of net assets as of September 30, 2009.

The review and appointment of J.P. Morgan was coordinated by Jackson National
Asset Management, LLC ("JNAM") and approved by the Board of Trustees/Managers
for the Funds. In addition to providing Jackson`s investment options with
investment advisory, fund accounting, fund administration and institutional
transfer agency services, JNAM also offers fund accounting and administration
services to mutual fund and investment management clients through Jackson Fund
Services®, a division of JNAM. JNAM and Jackson Fund Services` assets under
administration exceed $49 billion as of September 30, 2009.

"To support Jackson`s growth agenda, it is important to align with a trusted
service partner who can best support our global custody and securities lending
needs," said Mark Nerud, president of JNAM. "J.P. Morgan`s custody services
deliver efficiencies, and the customized securities lending model met our
requirements for transparency and control over cash collateral reinvestments. We
are pleased to expand our partnership with J.P. Morgan and look forward to
continuing a productive relationship that will help us continue to navigate
challenging market conditions."

"We are excited to welcome Jackson to our global franchise," said Mark Kelley,
asset gatherer segment executive for J.P. Morgan Worldwide Securities Services.
"The investment manager segment is an important market for us, and the Jackson
mandate is an excellent example of our ability to provide unique and creative
service solutions for global fund managers."

Bill Smith, Western Hemisphere sales executive for securities lending, J.P.
Morgan Worldwide Securities Services, commented: "This deal demonstrates our
ability to leverage our firm-wide capabilities and industry expertise to deliver
best-in-class solutions to clients. Our success with this complex transition
required global coordination with our borrower network to immediately meet
Jackson`s collateral investment funding requirements. This firmly demonstrates
that clients can move to J.P. Morgan in a market environment that remains
challenging."

About J.P. Morgan Worldwide Securities Services

J.P. Morgan Worldwide Securities Services (WSS) is a premier securities
servicing provider that helps institutional investors, alternative asset
managers, broker dealers and equity issuers optimize efficiency, mitigate risk
and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS
leverages the firm`s unparalleled scale, leading technology and deep industry
expertise to service investments around the world. It has $14.9 trillion in
assets under custody and $5.1 trillion in funds under administration. For more
information, go to www.jpmorgan.com/visit/wss.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm
with assets of $2.0 trillion and operations in more than 60 countries. The firm
is a leader in investment banking, financial services for consumers, small
business and commercial banking, financial transaction processing, asset
management, and private equity. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of consumers in the United States and many
of the world`s most prominent corporate, institutional and government clients
under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co.
is available at www.jpmorganchase.com.

About Jackson National Asset Management, LLC

With $49 billion in assets under administration (as of September 30, 2009),
Jackson National Asset Management, LLC is a provider of investment advisory,
fund accounting, fund administration and institutional transfer agency services
for 94 multi-class mutual funds as well as eight separate accounts that support
Jackson's variable annuity and variable life insurance products.

About Jackson National Life Insurance Company

With nearly $77 billion in assets*, Jackson National Life Insurance Company is
an industry leader in variable, fixed and fixed index annuities. The company
also offers life insurance and institutional products. Jackson markets its
products in 49 states and the District of Columbia through independent and
regional broker-dealers, financial institutions and independent insurance
agents. Jackson`s subsidiary, Jackson National Life Insurance Company of New
York, similarly markets products in the state of New York. Through its
affiliates and subsidiaries, Jackson also provides asset management and retail
brokerage services. For more information, visit www.jackson.com.

*Jackson has nearly $77 billion in total IFRS assets and nearly $68 billion in
IFRS policy liabilities set aside to pay primarily future policyowner benefits
(as of 6/30/09). International Financial Reporting Standards (IFRS) is a
principles-based set of international accounting standards indicating how
transactions and other events should be reported in financial statements. IFRS
are issued by the International Accounting Standards Board in an effort to
increase global comparability of financial statements and results. IFRS is used
by Jackson's parent, Prudential plc, to report the Group's financial results.

JPMorgan Chase & Co.
John Johmann, +1-212-270-8371
john.johmann@jpmorgan.com

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