Fidelity® VIP Contrafund® Portfolio — Service Class 2 

Fund Overview
Adviser: Fidelity Management & Research Company
Sub-adviser: FRM Co., Inc.
Objective/Focus: Normally invests primarily in common stocks. Seeks long-term capital appreciation.
Asset Class: Large-Cap Stocks
Style: Blend
Stocks of smaller or newer companies, such as those held in this Fund, are more likely to realize more substantial growth as well as suffer more significant losses than larger or more established issuers. Investments in such companies can be both more volatile and more speculative.

Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks. Their securities may also trade less frequently and in lower volumes, making market prices more volatile.
Fund Facts as of 03/31/14
Fund Inception 04-30-2007
First Available for Variable Annuity 04-30-2007
First Available for Variable Life 06-30-2011
Net Assets $18.92 Billion
Top 10 Portfolio Holdings % of Net Assets
Apple, Inc.
Google, Inc. - Class A  
JPMorgan Chase & Co.  
The Procter & Gamble Co.  
Capital One Financial Corp.  
Microsoft Corp.  
Bank of America Corp.  
Exxon Mobil Corp.  
Verizon Communications, Inc.  
British American Tobacco PLC, ADR  
Total % of Total Portfolio 19.4%
Sector Weightings % of Equities
Information Technology 18.3%
Financials 16.1%
Health Care 13.1%
Consumer Discretionary 11.8%
Industrials 10.3%

You should carefully consider the investment objectives, risks, expenses and charges of the investment company before you invest. Your Northwestern Mutual Investment Services Registered Representative can provide you with a contract and fund prospectus that will contain the information noted above, and other important information that you should read carefully before you invest or send money.

Mason Street Advisors, LLC (MSA), a wholly owned company of Northwestern Mutual, is a federally registered investment adviser. Mason Street Advisors, LLC (MSA) is the principal investment adviser for all the Portfolios in the Northwestern Mutual Series Fund (Series Fund) (NMSF). (Portfolios in the Series Funds are identified by the parenthetical next to the portfolio name.) MSA has engaged and oversees sub-advisers who provide day-to-day management for certain of the Series Fund Portfolios. Each sub-adviser may be replaced without the approval of shareholders. Please see the prospectus for more information. Additional fund options are advised by Russell Investments, Fidelity Investments® and Neuberger Berman Management, LLC.

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Subsidiary of Northwestern Mutual and member FINRA and SIPC.