Growth Stock 

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Fund Overview
Adviser: Mason Street Advisors, LLC
Objective/Focus: Invests in a diversified mix of high-quality growth stocks of medium and large capitalization companies with above average earnings growth potential. The objective is long-term capital growth. Current income is a secondary objective.
Asset Class: Large-Cap Stocks
Style: Growth
Fund Facts as of 12/31/11
Fund Inception 05-03-1994
First Available for Variable Annuity 05-03-1994
First Available for Variable Life 05-03-1994
Net Assets $514.01 Million
Top 10 Portfolio Holdings % of Net Assets
Apple, Inc. 7.5%
Google, Inc. - Class A 3.8%
Qualcomm, Inc. 2.5%
MasterCard, Inc. - Class A 2.4%
Oracle Corp. 2.2%
American Tower Corp. - Class A 2.2%
Starbucks Corp. 2.1%
Schlumberger, Ltd. 2.1%
Celgene Corp. 2.0%
Occidental Petroleum Corp. 1.9%
Total % of Net Assets 28.7%
Download Publicly Disclosed Holdings
Sector Weightings % of Equities
Information Technology 33.6%
Consumer Discretionary 15.2%
Health Care 11.1%
Industrials 10.8%
Consumer Staples 8.7%

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.

NMFN-S07 (0601)