Participation Agreement Exhibit B

Exhibit (h)(38)

Participation Agreement
Exhibit B

Portfolio

Blue Chip Portfolio
Aggressive Growth Portfolio
Diversified Research Portfolio
Short Duration Bond Portfolio
Concentrated Growth Portfolio
     (formerly I-Net Tollkeeper)
Financial Services Portfolio
Health Sciences Portfolio
Technology Portfolio
Growth LT Portfolio
Equity Portfolio
Xxxxxxxx Small Equity Portfolio
     (formerly Aggressive Equity Portfolio)
Large-Cap Value Portfolio
Xxxxxxxx Portfolio
Real Estate Portfolio
Mid-Cap Growth Portfolio
American Funds Growth Portfolio
VN Small-Cap Value Portfolio

Multi-Strategy Portfolio
Main Street Core Portfolio
Emerging Markets Portfolio
Inflation Managed Portfolio

Managed Bond Portfolio
Small-Cap Value Portfolio
Money Market Portfolio
High Yield Bond Portfolio
Focused 30 Portfolio
Mid-Cap Value Portfolio

International Value Portfolio
Capital Opportunities Portfolio
International Large-Cap Portfolio
Equity Index Portfolio
Small-Cap Index Portfolio
American Funds Growth-Income Portfolio

Effective May 1, 2005, agreed to and accepted by:

PACIFIC SELECT FUND
BY: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Chairman of the Board and Trustee
PACIFIC SELECT DISTRIBUTORS, INC.
BY: /s/ Xxxxxx X. Xxxxxxxx		BY: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxxxxx		Name: Xxxxxx X. Xxxxx
Title: Chairman and Chief Executive Officer		Title: Secretary
PACIFIC LIFE INSURANCE COMPANY
BY: /s/ Xxxxxx X. Xxxxxx		BY: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxxx		Name: Xxxxxx X. Xxxxx
Title: Chairman of the Board and Chief		Title: Secretary
Executive Officer
PACIFIC LIFE & ANNUITY COMPANY
BY: /s/ Xxxxx X. Xxxxxx		BY: /s/ Xxxxxx X. Xxxxx
Name: Xxxxx X. Xxxxxx		Name: Xxxxxx X. Xxxxx
Title: Executive Vice President		Title: Secretary