<PAGE> 1
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 28, 2000
SECURITIES ACT REGISTRATION NOS. 333-82621
INVESTMENT COMPANY ACT REGISTRATION NO. 811-09439
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 [ ]
PRE-EFFECTIVE AMENDMENT NO. [ ]
POST-EFFECTIVE AMENDMENT NO. 2 [X]
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940 [ ]
(CHECK APPROPRIATE BOX OR BOXES)
AMENDMENT NO. 3 [X]
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TARGET FUNDS
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
GATEWAY CENTER THREE
100 MULBERRY STREET
NEWARK, NEW JERSEY 07102-4077
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (973) 802-7910
WILLIAM HEALEY, ESQ.
100 MULBERRY STREET
GATEWAY CENTER THREE
NEWARK, NEW JERSEY 07102-4077
(NAME AND ADDRESS OF AGENT FOR SERVICE)
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COPIES TO:
PAUL H. DYKSTRA, ESQ.
GARDNER, CARTON & DOUGLAS
321 N. CLARK STREET
CHICAGO, ILLINOIS 60610-4795
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APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: As soon as practicable after
the effective date of the Registration Statement.
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE
(CHECK APPROPRIATE BOX):
[ ] immediately upon filing pursuant to paragraph (b)
[X] on October 6, 2000 pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i) of Rule 485
[ ] 75 days after filing pursuant to paragraph (a)(ii) of Rule 485
[ ] on (date) pursuant to paragraph (a)(ii) of Rule 485.
IF APPROPRIATE, CHECK THE FOLLOWING BOX:
[X] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<TABLE>
<S> <C>
Title of Securities Being Registered.......... Shares of Beneficial Interest, $.001 par value
per share
</TABLE>
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Parts A, B and C of Form N-1A are hereby incorporated by reference to Parts
A, B and C, respectively, of Registrant's Post-Effective Amendment No. 1 to its
Registration Statement on Form N-1A (File No. 333-82621) filed on August 1,
2000.
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SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment
Company Act, the Fund certifies that it meets all of the requirements for
effectiveness of this Post-Effective Amendment to the Registration Statement
pursuant to Rule 485(b) under the Securities Act and has duly caused this
Post-Effective Amendment No. 2 to the Registration Statement to be signed on its
behalf by the undersigned, duly authorized, in the City of Newark and State of
New Jersey, on the 28th day of September, 2000.
TARGET FUNDS
/s/ JOHN R. STRANGFELD
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(John R. Strangfeld, President)
Pursuant to the requirements of the Securities Act, this Post-Effective
Amendment No. 2 to the Registration Statement has been signed below by the
following persons in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
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<C> <S> <C>
/s/ JOHN R. STRANGFELD President and Trustee September 28, 2000
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John R. Strangfeld
/s/ EUGENE C. DORSEY Trustee September 28, 2000
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Eugene C. Dorsey
/s/ DOUGLAS H. MCCORKINDALE Trustee September 28, 2000
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Douglas H. McCorkindale
/s/ THOMAS T. MOONEY Trustee September 28, 2000
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Thomas T. Mooney
/s/ GRACE C. TORRES Treasurer and Principal September 28, 2000
--------------------------------------------------- Financial and Accounting
Grace C. Torres Officer
/s/ ROBERT E. LABLANC Trustee September 28, 2000
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Robert E. LaBlanc
/s/ ROBERT F. GUINA Trustee and Vice President September 28, 2000
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Robert F. Guina
/s/ STEPHEN STONEBURN Trustee September 28, 2000
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Stephen Stoneburn
</TABLE>
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<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
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<C> <S> <C>
/s/ CLAY T. WHITEHEAD Trustee September 28, 2000
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Clay T. Whitehead
/s/ DAVID R. ODENATH, JR. Trustee September 28, 2000
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David R. Odenath, Jr.
/s/ MAURICE HOLMES Trustee September 28, 2000
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Maurice Holmes
/s/ SAUL K. FENSTER Trustee September 28, 2000
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Saul K. Fenster
/s/ W. SCOTT MCDONALD, JR. Trustee September 28, 2000
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W. Scott McDonald, Jr.
/s/ JOSEPH WEBER Trustee September 28, 2000
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Joseph Weber
</TABLE>
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EXHIBIT INDEX
<TABLE>
<C> <C> <S> <C>
(a) (1) Certificate of Trust.(1)
(2) Agreement and Declaration of Trust.(1)
(b) By-Laws.(1)
(c) Not Applicable.
(d) (1) Management Agreement between the Registrant and Prudential
Investments Fund Management LLC (PIFM).(2)
(2) (i) Subadvisory Agreement between PIFM and J. P. Morgan.*
(ii) Subadvisory Agreement between PIFM and Sawgrass Asset
Management, L.L.C.(2)
(iii) Subadvisory Agreement between PIFM and Lazard Asset
Management.(2)
(iv) Subadvisory Agreement between PIFM and Columbus Circle
Investors.(2)
(v) Subadvisory Agreement between PIFM and Pacific Investment
Management Company.(2)
(vi) Subadvisory Agreement between PIFM and Hotchkis and
Wiley.(2)
(vii) Subadvisory Agreement between PIFM and Fleming Asset
Management USA.(2)
(viii) Subadvisory Agreement between PIFM and Wood, Struthers &
Winthrop Management Corp.(2)
(ix) Subadvisory Agreement between PIFM and Oak Associates,
Ltd.(2)
(x) Subadvisory Agreement between PIFM and Lazard Asset
Management.(2)
(e) (1) Distribution Agreement between the Registrant and Prudential
Investment Management Services LLC.(2)
(2) Form of Selected Dealer Agreement.(2)
(g) (1) Custodian Contract between the Registrant and State Street
Bank and Trust Company.(2)
(2) Amendment to Custodian Contract.(2)
(h) Transfer Agency and Service Agreement between the Registrant
and Prudential Mutual Fund Services, Inc.(2)
(i) (1) Opinion of Morris, Nichols, Arsht & Tunnell.(2)
(2) Consent of counsel.*
(j) Consent of Independent Accountants.*
(l) Not Applicable.
(m) (1) Distribution and Service Plan for Class A Shares.(2)
Distribution and Service Plan for Class B Shares.(2)
(3) Distribution and Service Plan for Class C Shares.(2)
(n) Rule 18f-3 Plan.(2)
(p) (1) Code of Ethics of Registrant.*
(2) Code of Ethics of Prudential Investments Fund Management LLC
and Prudential Investment Management Services LLC.*
(3) Code of Ethics of J. P. Morgan Investment Management, Inc.*
(4) Code of Ethics of Sawgrass Asset Management, L.L.C.*
(5) Code of Ethics of Lazard Asset Management.*
(6) Code of Ethics of Columbus Circle Investors.*
(7) Code of Ethics of Pacific Investment Management Company.*
(8) Code of Ethics of Hotchkis and Wiley.*
(9) Code of Ethics of Fleming Asset Management USA.*
(10) Code of Ethics of Oak Associates, Ltd.*
(11) Code of Ethics of DLJ Asset Management, Inc.*
</TABLE>
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(1) Incorporated by reference to the Registration Statement on Form N-1A filed
via EDGAR on July 9, 1999. (File No. 333-82621).
(2) Incorporated by reference to the Post Effective No. 1 to the Registration
Statement on Form N-1A filed on August 1, 2000. (File No. 333-82621).
* To be filed by amendment.
