ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

MASON STREET ADVISORS, LLC's Holding History (CIK: 0001167711)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 222,800 Value ($000) $3,477 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 222,800 Value ($000) $3,600 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 236,600 Value ($000) $4,207 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 251,800 Value ($000) $4,437 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 275,500 Value ($000) $4,896 Avg Close $5.52 Range $5.29 - $5.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	222,800	$3,477	$5.49	$5.03 - $5.64
Q3 2014	222,800	$3,600	$5.68	$5.43 - $6.00
Q2 2014	236,600	$4,207	$5.65	$5.39 - $6.00
Q1 2014	251,800	$4,437	$5.73	$5.59 - $5.95
Q4 2013	275,500	$4,896	$5.52	$5.29 - $5.75