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Prudential Small Company Value Fund, Inc.
(formerly Prudential Small Companies Fund, Inc.)
Supplement dated June 2, 1997 to
Prospectus dated January 24, 1997
The following information supplements 'How the Fund Invests--Investment
Objective and Policies' in the Prospectus:
The Board of Directors of the Fund has approved a change in the
definition of the market capitalization of a small capitalization
stock from $1 billion to $1.5 billion. As a result, the Fund's portfolio
will generally be made up of common stocks issued by smaller, less
well known companies (with market capitalizations typically less
than $1.5 billion or a corresponding market capitalization in foreign
markets) selected by the investment adviser on the basis of fundamental
investment analysis. In seeking to achieve its investment objective, the Fund
has generally invested in common stocks with smaller market capitalizations than
those of the stocks included in the Dow Jones Industrial Average or the largest
stocks included in the Standard & Poor's 500 Composite Stock Index. The Fund
may, however, invest in the securities of any issuer without regard to its size
or the market capitalization of its common stocks.
The following information supplements 'General Information' in the
Prospectus:
The name of the Fund has changed to Prudential Small Company Value Fund,
Inc. The Fund has generally invested in value oriented investments and its
portfolio managers, Roger E. Ford and Jay Kaplan, share a value investment
style, focusing on strong companies selling at a discount from their perceived
true worth. Messrs. Ford and Kaplan select stocks for the Fund's portfolio at
prices which in their view are temporarily low relative to the company's
earnings, assets, cash flow and dividends.
MF109C-2 (6/2/97)
