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Prudential Mutual Funds
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PROSPECTUS SUPPLEMENT DATED JULY 23, 1999
How to Buy, Sell and Exchange Shares of the Fund(s)
The section entitled 'How to Buy, Sell and Exchange Shares of the Fund(s)--How
to Buy Shares' is amended as follows:
The paragraph under 'Reducing or Waiving Class A's Initial Sales
Charge--Benefit Plans' is amended to read in its 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.
Mutual Fund Programs. The initial sales charge will be waived for 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 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.
The paragraphs under 'Waiving Class C's Initial Sales Charge--Benefit Plans'
and 'Waiving Class C's Initial Sales Charge--Prudential Retirement Plans' are
amended to read in their entirety as follows (not applicable to Prudential
Government Securities Trust):
MF990C6
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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.
The first paragraph under 'Qualifying for Class Z Shares' is amended to read
in its entirety as follows (not applicable to Prudential Distressed Securities
Fund, Inc.):
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 can also be purchased by any of the
following:
- 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 option;
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- Current and former Directors/Trustees of the Prudential mutual funds
(including the Fund/Company); and
- Prudential, with an investment of $10 million or more.
The section entitled 'How to Buy, Sell and Exchange Shares of the Fund(s)--How
to Sell Your Shares--Waiver of the CDSC--Class C Shares' is amended to read in
its entirety as follows (not applicable to Prudential Government Securities
Trust):
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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Nicholas-Applegate Fund, Inc. March 15, 1999
Prudential Distressed Securities Fund,
Inc. February 5, 1999
Prudential Diversified Bond Fund, Inc. March 2, 1999
Prudential Emerging Growth Fund, Inc. January 14, 1999
Prudential Equity Fund, Inc. March 1, 1999
Prudential Equity Income Fund January 14, 1999
Prudential Global Limited Maturity Fund,
Inc. January 22, 1999
Prudential Government Income Fund, Inc. May 18, 1999
Prudential Government Securities Trust
Short-Intermediate Term Series March 29, 1999
Prudential High Yield Fund, Inc. March 3, 1999
Prudential High Yield Total Return Fund,
Inc. June 1, 1999
Prudential Intermediate Global Income
Fund, Inc. March 16, 1999
Prudential International Bond Fund, Inc. March 16, 1999
Prudential Mid-Cap Value Fund April 28, 1999
Prudential Pacific Growth Fund, Inc. February 25, 1999
Prudential Real Estate Securities Fund June 2, 1999
Prudential Sector Funds, Inc.
Prudential Financial Services Fund May 20, 1999
Prudential Health Sciences Fund May 20, 1999
Prudential Technology Fund May 20, 1999
Prudential Utility Fund March 1, 1999
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Name of Fund Prospectus Date
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Prudential Small-Cap Quantum Fund, Inc. May 27, 1999
Prudential Structured Maturity Fund, Inc. March 1, 1999
Prudential Tax-Managed Equity Fund January 20, 1999
Prudential World Fund, Inc.
Global Series January 20, 1999
International Stock Series January 20, 1999
Prudential 20/20 Focus Fund April 26, 1999
The Global Total Return Fund, Inc. March 1, 1999
