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Prudential Mutual Funds
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PROSPECTUS SUPPLEMENT DATED JULY 23, 1999
Shareholder Guide
The section entitled 'Shareholder Guide' is amended as follows:
The second through the sixth paragraphs under 'Alternative Purchase
Plan--Class A Shares--Reduction and Waiver of Initial Sales Charges' are amended
to read in their entirety as follows:
Benefit Plans. Certain group retirement and savings plans may purchase
Class A shares without the initial sales charge if they meet the required
minimum for amount of assets, average account balance or number of eligible
employees. For more information about these requirements, call Prudential
at (800) 353-2847.
The following is added after the end of the first paragraph under
'Alternative Purchase Plan--Class A Shares--Reduction and Waiver of Initial
Sales Charges--Other Waivers':
Class A shares may also be purchased at NAV by members of the Board of
Directors of The Prudential Insurance Company of America.
Broker-dealers, investment advisers or financial planners sponsoring
fee-based programs (such as mutual fund 'wrap' or asset allocation programs
and mutual fund 'supermarket' programs) may offer their clients more than one
class of shares in the Fund(s) in connection with different pricing options
for their programs. Investors should consider carefully any separate
transaction and other fees charged by these programs in connection with
investing in each available share class before selecting a share class.
The first two paragraphs under 'Alternative Purchase Plan--Class B and Class
C Shares--Waiver of Initial Sales Charge--Class C Shares' are amended to read in
their entirety as follows:
Benefit Plans. Certain group retirement plans may purchase Class C shares
without the initial sales charge. For more information, call Prudential at
(800) 353-2847.
MF990C8
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The first paragraph under 'Alternative Purchase Plan--Class Z Shares' is
amended to read in its entirety as follows:
Benefit Plans. Certain group retirement plans may purchase Class Z shares
if they meet the required minimum for amount of assets, average account
balance or number of eligible employees. For more information about these
requirements, call Prudential at (800) 353-2847.
Mutual Fund Programs. Class Z shares can also be purchased by participants
in any fee-based program or trust program sponsored by Prudential or an
affiliate that includes the Fund(s) as an available option. Class Z shares
can also be purchased by investors in certain programs sponsored by
broker-dealers, investment advisers and financial planners who have
agreements with Prudential Investments Advisory Group relating to:
- Mutual fund 'wrap' or asset allocation programs, where the sponsor
places Fund trades, links its clients' accounts to a master account in
the sponsor's name and charges its clients a management, consulting or
other fee for its services; or
- Mutual fund 'supermarket' programs, where the sponsor links its clients'
accounts to a master account in the sponsor's name and the sponsor
charges a fee for its services.
Broker-dealers, investment advisers or financial planners sponsoring
these mutual fund programs may offer their clients more than one class of
shares in the Fund(s) in connection with different pricing options for
their programs. Investors should consider carefully any separate
transaction and other fees charged by these programs in connection with
investing in each available share class before selecting a share class.
Other Types of Investors. Class Z shares are also available for
purchase by the following categories of investors:
- Certain participants in the MEDLEY Program (group variable annuity
contracts) sponsored by Prudential for whom Class Z shares of the
Prudential mutual funds are an available investment option;
- Current and former Directors/Trustees of the Prudential mutual
funds (including the Fund); and
- Prudential, with an investment of $10 million or more.
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The second paragraph under 'How to Sell Your Shares--Waiver of Contingent
Deferred Sales Charges--Class B Shares' is amended to read in its entirety as
follows:
The CDSC will also be waived in the case of a total or partial
redemption in connection with certain distributions made without penalty
under the Internal Revenue Code from a tax-deferred retirement plan, an IRA
or Section 403(b) custodial account. For more information, call Prudential at
(800) 353-2847.
The CDSC will also be waived to the extent that the proceeds from
shares redeemed are invested in Prudential mutual funds, Prudential's
Guaranteed Interest Account, Prudential's Guaranteed Insulated Separate
Account or The Stable Value Fund.
The section entitled 'How to Sell Your Shares--Waiver of Contingent Deferred
Sales Charges--Class C Shares' is amended to read in its entirety as follows:
Benefit Plans. The CDSC will be waived for redemptions by certain group
retirement plans for which Prudential or brokers not affiliated with
Prudential provide administrative or recordkeeping services. The CDSC will
also be waived for certain redemptions by benefit plans sponsored by
Prudential and its affiliates. For more information, call Prudential at
(800) 353-2847.
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
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Global Utility Fund, Inc. November 27, 1998
Prudential Balanced Fund September 29, 1998
Prudential Developing Markets Fund
Prudential Developing Markets Equity
Fund June 26, 1998
Prudential Latin America Equity Fund June 26, 1998
Prudential Diversified Funds October 5, 1998
Prudential Diversified Conservative
Growth Fund
Prudential Diversified Moderate Growth
Fund
Prudential Diversified High Growth Fund
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Name of Fund Prospectus Date
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Prudential Global Genesis Fund, Inc. July 31, 1998
Prudential Natural Resources Fund, Inc. July 31, 1998
Prudential Small Company Value Fund, Inc. November 30, 1998
The Prudential Investment Portfolios, Inc. August 6, 1998
Prudential Active Balanced Fund
Prudential Jennison Growth Fund
Prudential Jennison Growth & Income
Fund
