<PAGE>
Important Information For Investors In
Prudential Mutual Funds
Supplement dated July 1, 1998
THE FOLLOWING INFORMATION SUPPLEMENTS YOUR PROSPECTUS:
Effective July 1, 1998, Prudential Investment Management Services LLC,
Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102-4077, was
appointed the exclusive Distributor of Fund shares. Shares continue to be
offered through Prudential Securities Incorporated, Pruco Securities Corporation
and other brokers and dealers. Prudential Investment Management Services is a
wholly owned subsidiary of The Prudential Insurance Company of America and an
affiliate of Prudential Securities Incorporated and Pruco Securities
Corporation. All other arrangements with respect to the distribution of Fund
shares described in the Prospectus remain unchanged.
MF980C-4 (7/1/98) (LOGO)
<PAGE>
Important Information For Investors In
Prudential Mutual Funds
Supplement dated July 1, 1998
THE FOLLOWING INFORMATION SUPPLEMENTS YOUR PROSPECTUS:
Effective July 1, 1998, Prudential Investment Management Services LLC,
Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102-4077, was
appointed the exclusive Distributor of Fund shares. Shares continue to be
offered through Prudential Securities Incorporated, Pruco Securities Corporation
and other brokers and dealers. Prudential Investment Management Services is a
wholly owned subsidiary of The Prudential Insurance Company of America and an
affiliate of Prudential Securities Incorporated and Pruco Securities
Corporation. All other arrangements with respect to the distribution of Fund
shares described in the Prospectus remain unchanged.
Listed below are the names of the Prudential Mutual Funds and the dates of
the Prospectuses to which this Supplement relates:
Name of Fund Prospectus Date
- --------------------------------------------------- -------------------
Cash Accumulation Trust
Liquid Assets Fund December 22, 1997
National Money Market Fund December 22, 1997
The Global Total Return Fund, Inc. March 4, 1998
Global Utility Fund December 2, 1997
Nicholas-Applegate Fund, Inc. March 4, 1998
Nicholas-Applegate Growth Equity Fund
Prudential 20/20 Focus Fund May 22, 1998
Prudential Balanced Fund November 25, 1997
Prudential California Municipal Fund October 30, 1997
California Series
California Money Market Series
California Income Series
Prudential Distressed Securities Fund, Inc. January 29, 1998
Prudential Diversified Bond Fund, Inc. March 4, 1998
Prudential Index Series Fund January 23, 1998
Prudential Small-Cap Index Fund
Prudential Bond Market Index Fund
Prudential Pacific Index Fund
Prudential Europe Index Fund
Prudential Stock Index Fund
Prudential Emerging Growth Fund, Inc. December 30, 1997
Prudential Equity Fund, Inc. February 27, 1998
Prudential Equity Income Fund December 30, 1997
Prudential Global Genesis Fund, Inc. July 30, 1997
Prudential Global Limited Maturity Fund, Inc. December 30, 1997
Prudential Government Income Fund, Inc. April 30, 1998
Prudential Government Securities Trust February 2, 1998
Short-Intermediate Term Series
Money Market Series
U.S. Treasury Money Market Series
Prudential High Yield Fund, Inc. March 3, 1998
Prudential High Yield Total Return Fund, Inc. March 16, 1998
<PAGE>
Name of Fund Prospectus Date
- --------------------------------------------------- -------------------
Prudential Intermediate Global Income Fund, Inc. March 4, 1998
Prudential International Bond Fund, Inc. March 4, 1998
The Prudential Investment Portfolios Fund, Inc. January 23, 1998
Prudential Jennison Growth Fund
Prudential Jennison Growth & Income Fund
Prudential Active Balanced Fund
Prudential MoneyMart Assets, Inc. February 27, 1998
Prudential Mortgage Income Fund, Inc. March 3, 1998
Prudential Municipal Series Fund October 30, 1997
Connecticut Money Market Series
Florida Series
Maryland Series
Massachusetts Money Market Series
Massachusetts Series
Michigan Series
New Jersey Money Market Series
New Jersey Series
New York Money Market Series
New York Series
North Carolina Series
Ohio Series
Pennsylvania Series
Prudential National Municipals Fund, Inc. March 4, 1998
Prudential Natural Resources Fund, Inc. July 30, 1997
Prudential Real Estate Securities Fund March 20, 1998
Prudential Pacific Growth Fund, Inc. December 31, 1997
Prudential Small Company Value Fund, Inc. December 2, 1997
Prudential Special Money Market Fund, Inc. August 27, 1997
Prudential Structured Maturity Fund, Inc. March 4, 1998
Prudential Tax-Free Money Fund, Inc. February 27, 1998
Prudential Utility Fund, Inc. March 3, 1998
Prudential World Fund, Inc. January 7, 1998
Global Series
International Series
The Target Portfolio Trust May 1, 1998
MF980C-4 (7/1/98)
