For the semiannual period ended: 5/31/2000
File number: 811-07491
SUB-ITEM 77M
Mergers
At a Special Meeting of Shareholders held
on December 23, 1999, the shareholders of
Prudential Distressed Securities Fund, Inc. (the
Fund) approved an Agreement and Plan of Merger
whereby all of the assets of the Fund were
merged in to Prudential High Yield Total Return
Fund, Inc., in exchange solely for Class A,
Class B, Class C and Class Z shares of
Prudential Distressed Securities Fund, Inc. and
the High Yield Total Return Fund's assumption of
all of the liabilities, if any, of the Fund
followed by the distribution of High Yield Total
Return Fund's shares to shareholders of the Fund
in liquidation of the Fund, effective January
14, 2000.
T: \george\N-SAR\DSF\7-00\77M.doc
