Filed pursuant to rule 497(e)
Registration Statement No. 2-68723
PRUDENTIAL MUTUAL FUNDS
SUPPLEMENT DATED MARCH 31, 1994
The following information supplements the Prospectus of each of the Funds
listed below effective April 4, 1994.
SHAREHOLDER GUIDE--ALTERNATIVE PURCHASE PLAN
REDUCTION AND WAIVER OF INITIAL SALES CHARGES--CLASS A SHARES
Prudential Retirement Accumulation Program 401(k) Plan. Class A shares
may be purchased at net asset value, with a waiver of the initial sales
charge, by or on behalf of participants in the Prudential Retirement
Accumulation Program 401(k) Plan for which Prudential Mutual Fund Services,
Inc., the Fund's transfer agent, provides recordkeeping services, provided
that (i) for existing plans, the plan has existing assets of $1 million or
more, as measured on the last business day of the month, invested in shares of
Prudential Mutual Funds (excluding money market funds other than those
acquired pursuant to the exchange privilege) held at the transfer agent and
(ii) for new plans, the plan initially invests $1 million or more in shares of
non-money market Prudential Mutual Funds or has at least 1,000 eligible
employees or members.
Prudential Vista Program. Class A shares are offered at net asset value
to certain qualified employee retirement benefit plans under section 401 of
the Internal Revenue Code of 1986, as amended, for which Prudential Defined
Contribution Services serves as the recordkeeper, provided that such plan is
also participating in the Prudential Vista Program (The Vista Program), and
provided further that (i) for existing plans, the plan has existing assets of
at least $1 million and at least 100 eligible employees or members, and (ii)
for new plans, the plan has at least 500 eligible employees or members. The
term "existing assets" for this purpose includes transferable cash and GICs
(guaranteed investment contracts) maturing within 4 years.
HOW TO EXCHANGE YOUR SHARES
For retirement and group plans having a limited menu of Prudential Mutual
Funds, the Exchange Privilege is available only for those funds eligible for
investment in the particular program.
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
------------ ---------------
Prudential Equity Fund, Inc.. . . . . . . . . . . . . March 3, 1994
Prudential Equity Income Fund . . . . . . . . . . . . December 29, 1993
Prudential Government Plus Fund . . . . . . . . . . . April 29, 1993
Prudential Growth Opportunity Fund. . . . . . . . . . November 30, 1993
Prudential High Yield Fund. . . . . . . . . . . . . . February 28, 1994
Prudential Utility Fund . . . . . . . . . . . . . . . February 28, 1994
MF940C-2
