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Prudential Real Estate
Securities Fund
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SUPPLEMENT DATED MARCH 23, 2000
PROSPECTUS DATED June 2, 1999
The following replaces the information contained in the Prospectus on page 12
under 'How the Fund is Managed--Portfolio Manager':
The current portfolio manager of the Fund is Catherine Creswell who, since
joining Prudential in January 1998, has been a Managing Director and Director of
Real Estate Securities Research for Prudential Real Estate Securities Investors.
Ms. Creswell manages the Fund with the help of a team of investment
professionals. Ms. Creswell was previously employed by BT Alex Brown Inc. for 10
years, where she served as a principal in the real estate securities group, with
her primary area of responsibility being multifamily REIT research. Ms. Creswell
earned a B.A. from Juniata College. She is a former member of the Multifamily
Housing Institute and the editorial board of the National Association of Real
Estate Investment Trusts, and holds the Chartered Financial Analyst (CFA)
designation.
MF182C1
