10f-3 Transactions
Fund: Value Portfolio
Issuer: Valero Energy Corporation Conv Pfd
Ticker: VLO.PP
Principal Amount: $ 172,500,000
Amount Purchased: $ 962,500
Trade date: 6/22/2000
Price: $25.00
Broker: MSCO
Underwriting spread: 3.00%
Fund: Focused Value Portfolio
Issuer: Valero Energy Corporation
Ticker: VLO
Principal Amount: $ 174,167,500
Amount Purchased: $ 46,600, $ 579,587.50 (split order)
Trade date: 6/22/2000
Price: $29.125
Broker: LEHM, MSCO
Underwriting spread: 4.2575%
Fund International Equity
Underwriter ING Barings
Name of issuer ING Barings
Title of security Mobile Telesystems
Date of offering 30/Jun/00
Amount of Total Offering 15,010,612 shares
Unit Price 21.5
Underwriting Spread or Commission 0.52
Dollar Amount of Purchases $ 107,070
Number of Shares Purchased 4,980
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.03%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 2.67%
Sum 0f (14)and (15) 2.70%
% of Portfolio Assets applied to the Purchase 0.19%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund International Equity
Underwriter Morgan Stanley
Name of issuer Morgan Stanley
Title of security China Unicom
Date of offering 21/Jun/00
Amount of Total Offering 233,617,000 shares
Unit Price $19.99
Underwriting Spread or Commission $0.36
Dollar Amount of Purchases $ 403,598
Number of Shares Purchased 20,190
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.01%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 0.84%
Sum 0f (14)and (15) 0.85%
% of Portfolio Assets applied to the Purchase 0.73%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund International Equity
Underwriter Salomon Smith Barney
Name of issuer Salomon Smith Barney
Title of security Numico
Date of offering 21/Jun/00
Amount of Total Offering 186,000,000 shares
Unit Price 45.5EUR
Underwriting Spread or Commission 0.7167EUR
Dollar Amount of Purchases $ 115,115
Number of Shares Purchased 2,750
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.00%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 0.14%
Sum 0f (14)and (15) 0.14%
% of Portfolio Assets applied to the Purchase 0.21%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund: Mid-Cap Growth
Security: Genuity
Date of Transaction: 6/27/2000
Purchase Price per Unit: 11.00
Amount of commission per unit: 0.00
Gross Commission as a % of Price: 0.00
Total Amount of Offering: 1,913,010,000
Total Amount of Purchase: 247,500
Purchase as a % of Offering: 0.01%
Purchase as a % Fund Assets: 0.46%
Name of Affiliated Broker/dealer in Syndicate: Morhan Stanley, Dean Witter
Name of Broker\Dealer whom securities were purchased: Salomon Smith Barney
Fund International Equity Portfolio
Security Name China Unicom Ltd. Ordinary Shares
Name of Underwriter from whom Purchased Morgan Stanley
Name of Affiliated Participating Dealer Jardine Fleming
Date of Offering 06/16/00
Amount of total offering 2,336,170,000 shares
Purchase Price(net of fees and expenses) HK$ 15.58
Offering Price HK$ 15.58
Commission 2.475%
Dollar Amount US$ 171,931.05
% of Assets of Fund* 0.2797%
Shares Purchased 86,000
% of Offering Purchased 0.0037%
Seasoned or Unseasoned Yes
Manager or Co-Manager Yes
* % of Assets is based on 6/30/00 market value, not trade
date market value
Fund International Equity
Underwriter ABN Amro
Name of issuer Granada Media
Title of security Granada Media
Date of offering 11/Jul/00
Amount of Total Offering 260,869,565 shares
Unit Price 5.15
Underwriting Spread or Commission 0.0386
Dollar Amount of Purchased $ 446,781
Number of Shares Purchased 55,970
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.02%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 0.42%
Sum 0f (14)and (15) 0.44%
% of Portfolio Assets applied to the Purchase 0.50%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund International Equity
Underwriter Morgan Stanley
Name of issuer Turkcell
Title of security Turkcell
Date of offering 10/Jul/00
Amount of Total Offering 96,000,000 shares
Unit Price $17.60
Underwriting Spread or Commission $0.24
Dollar Amount of Purchased $ 20,300,000
Number of Shares Purchased 16,810
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.02%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 1.15%
Sum 0f (14)and (15) 1.17%
% of Portfolio Assets applied to the Purchase 0.50%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund International Equity
Underwriter Golgman Sachs
Name of issuer Tycom
Title of security Tycom
Date of offering 26/Jul/00
Amount of Total Offering 43,500,000 shares
Unit Price $32.00
Underwriting Spread or Commission $0.96
Dollar Amount of Purchased $ 1,376,000
Number of Shares Purchased 506
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.00%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 0.10%
Sum 0f (14)and (15) 0.10%
% of Portfolio Assets applied to the Purchase 0.75%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund International Equity
Underwriter Merill Lynch
Name of issuer PetroBras
Title of security PetroBras
Date of offering 9/Aug/00
Amount of Total Offering 153,500,000 shares
Unit Price $24.00
Underwriting Spread or Commission $0.06
Dollar Amount of Purchased $ 24,240,000
Number of Shares Purchased 15,600
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.01%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 0.72%
Sum 0f (14)and (15) 0.73%
% of Portfolio Assets applied to the Purchase 1.00%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund International Equity
Underwriter Merrill Lynch
Name of issuer United Microelectronics
Title of security United Microelectronics
Date of offering 18/Sep/00
Amount of Total Offering 90,000,000 shares
Unit Price $14.35
Underwriting Spread or Commission $0.37
Dollar Amount of Purchased $ 8,610,000
Number of Shares Purchased 9,236
Years of Continuous Operation 3+
% of Offering Purchased by Portfolio 0.01%
% of Offering Purchased by other Portfolio of the Fund & other
Investment companies advised by the Adviser or any Subadviser 0.67%
Sum 0f (14)and (15) 0.68%
% of Portfolio Assets applied to the Purchase 0.40%
Is the adviser, any subadviser or any person of which the
Adviser or subadviser is an affiliated person, a manager or
Comanager of the offering? NO
Were Purchases Designated as Group Sales or otherwise allocated
To the adviser, any subadviser or any person of whom the adviser
Or subadviser is an affiliated person? NO
Fund: Focus Portfolio
Issuer: The Goldman Sachs Group, Inc.
Ratings: N/A
Date of First Offfering/Trade Date: 8/1/00
Maturity Date/Coupon: N/A
Unit Price/Yield: $99.75
Principal Amount of Offering: $3,990,000,000
Underwriting Spread per Unit: $2.75
Gross Spread as a % of Price: 2.76%
Subordination Features: N/A
Sector or Industry: Finance-Invest Bnkr/Brkr
Years of Continued Operation >3: >3
From whom Purchased? Goldman Sachs
Par Value Purch: N/A
$ Value Purch: $10,473,750
% of Offering Purchased by Fund: 0.263%
% of Offering Purchased by Assoc Funds: 0.023%
Sum of (15) and (16) (Must < or = 25%): 0.29%*
% of Fund to Assets Purchased by Fund (Must be < or = 3%): 1.83%
Underwriter(s) or Dealer(s) from Whom Purchased
(not Pru Affiliate): Goldman Sachs
Is Pru Affiliate a Sr. Mgr or Co-Mgr of Offering: Yes
Underwriters: Refer to Attached
Is Executing Dealer Sr. Mgr or Co-Mgr: Yes
Does the Pru Affiliate Benefit Directly or Indirectly: No
Is Purch for the Benefit of the Underwriting Group: No
Fund: Large Cap Growth Portfolio
Issuer: The Goldman Sachs Group, Inc.
Ratings: N/A
Date of First Offfering/Trade Date: 8/1/00
Maturity Date/Coupon: N/A
Unit Price/Yield: $99.75
Principal Amount of Offering: $3,990,000,000
Underwriting Spread per Unit: $2.75
Gross Spread as a % of Price: 2.76%
Subordination Features: N/A
Sector or Industry: Finance-Invest Bnkr/Brkr
Years of Continued Operation >3: >3
From whom Purchased? Goldman Sachs
Par Value Purch: N/A
$ Value Purch: $907,725
% of Offering Purchased by Fund: 0.023%
% of Offering Purchased by Assoc Funds: 0.263%
Sum of (15) and (16) (Must < or = 25%): 0.29%*
% of Fund to Assets Purchased by Fund (Must be < or = 3%): 2.01%
Underwriter(s) or Dealer(s) from Whom Purchased
(not Pru Affiliate): Goldman Dachs
Is Pru Affiliate a Sr. Mgr or Co-Mgr of Offering: Yes
Underwriters: Refer to Attached
Is Executing Dealer Sr. Mgr or Co-Mgr: Yes
Does the Pru Affiliate Benefit Directly or Indirectly: No
Is Purch for the Benefit of the Underwriting Group: No
*Jennison purchased 0.29% of the offering for the Style Select Series, Inc.
Focused Portfolio and the Style Select Series Large Cap Portfolio.
Fund Focused Growth and Income Portfolio
Underwriters Banc of America Securities
Goldman Sachs
Name of Issuer Goldman Sachs & Co.
Title of Security Goldman Sachs common stock
Date of First Offering: 8/1/00 (secondary offering)
Amount of Offering 3.99 billion
Unit Price 99.75 sh
Underwriting spread or commission 1.65 (1.65%)
Ratings: N/A
Maturity Date: N/A
Current Yield: N/A
Yield to maturity: N/A
Subordinates Features: N/A
Nature of issuing Political Entity, if any, including in the case
Of revenue bonds, underlying entity supplying the revenue: N/A
Total Par Value of Bonds Purchased N/A
Dollar Amount of Purchases: 2,130,760
Number of shares purchased: 21,361
Years of continuous operation: >3
Percentage of Offering Purchased by Portfolio .0534%
Percentage of Offering Purchased by other portfolios of the Trust and
Other Investment companies advised by the adviser or
Subadviser .8314%
Sum of 18 and 19 .8848%
Percentage of Portfolio Assets applied to Purchase 2.1%
Name(s) of Underwriiters or Dealers from whom shares/bonds
Purchased: Goldman Sachs
Is the adviser, any sub-adviser or any person or which the Adviser
Of Subadviser is an "affiliated person", a Manager of
Co-Manager of the offering? Co-Manager
Were Purchases designated as Group Sales of otherwise allocated
To the adviser, an Subadviser or any person of whom the Advirser
Or Subadviser is an affiliated person? no
Fund Mid-Cap Growth
Security Tycom LTD
Date of Transaction 7/26/2000
Purchase Price per Unit 32.00
Amount of commission per unit 0.00
Gross Commission as a % of Price 0.00
Total Amount of Offering 54,375,000
Total Amount of Purchase 2,400
Purchase as a % of Offering 0.00%
Purchase as a % Fund Assets 0.00%
Name of Affiliated Broker/dealer in Syndicate: Morgan Stanley,
Dean Witter
Name of Broker\Dealer whom securities were purchased: Goldman Sachs & Co.
