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Prudential Mid-Cap Value Fund
Supplement dated August 27, 1998 to
Prospectus dated May 7, 1998
The following information should be added to the cover page of the Prospectus.
An investment in the Fund is not a deposit of any bank and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.
The following information supplements the information contained in the
Prospectus:
How the Fund Invests--Investment Objective and Policies:
The investment adviser currently considers mid-cap companies to be those with
market capitalizations between $1 billion and $5 billion. The market
capitalization range used by the Fund may change to reflect industry norms at
the discretion of the Subadviser under the supervision of the Manager and the
Board of Trustees. Market capitalization is measured at the time of initial
purchase. Any subsequent purchases of the same security will be assumed to
fall into the same capitalization range as the initial purchase so that
securities of companies whose capitalization no longer is in the $1 billion to
$5 billion range will continue to be considered medium-capitalized for
purposes of the 65% policy. The Fund may, however, invest up to 35% of its
total assets in the securities of any issuer without regard to its size or the
market capitalization of its common stock.
Shareholder Guide--Shareholder Services:
The PruTector Program-Optional Group Term Life Insurance. Prudential makes
available optional group term life insurance coverage to purchasers of shares
of certain Prudential Mutual Funds which are held in an eligible brokerage
account. This insurance protects the value of your mutual fund investment for
your beneficiaries against market downturns. The insurance benefit is based on
the difference at the time of the insured's death between the "protected value"
and the then current market value of the shares. This coverage is not available
in all states and is subject to various restrictions and limitations. For more
complete information about this program, including charges and expenses, please
contact your Prudential representative.
MF184C-1 (8/27/98)
