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SIGNATURE GRACE C. TORRES
TITLE TREASURER
For the fiscal year ended 5/31/99
File number: 811-3175
SUB-ITEM 77 D
Policies with Respect to Securities Investments
On February 19, 1997 the Directors approved the
following resolutions:
RESOLVED, that the name of Prudential
Utility Fund, Inc. be changed to Prudential
Sector Funds, Inc. and that the Company's
Articles of Incorporation be amended as
follows:
FIRST: Article 1 of the corporation's
charter is hereby amended in its entirety to
read as follows:
"The name of the corporation
(hereinafter called the
"Corporation") is Prudential Sector
Funds, Inc."
RESOLVED, that the Company's Articles of
Incorporation be amended to designate the
existing portfolio series as the Prudential
Utility Fund.
RESOLVED, that the authorized shares of
the Company be divided into four series -
Prudential Financial Services Fund,
Prudential Health Sciences Fund, Prudential
Technology Fund and Prudential Utility Fund.
RESOLVED: The number of authorized
shares of which the Company shall have
authority to issue is 2 billion shares of par
value of $.01 per share and of the aggregate
par value of $20,000,000 to be divided into
four series, consisting of -
Prudential Financial Series Fund - 400
million shares
100 million Class A shares
100 million Class B shares
100 million Class C shares
100 million Class Z shares
Prudential Health Sciences Fund - 400
million shares
100 million Class A shares
100 million Class B shares
100 million Class C shares
100 million Class Z shares
Prudential Technology Fund - 400 million
shares
100 million Class A shares
100 million Class B shares
100 million Class C shares
100 million Class Z shares
Prudential Utility Fund - 800 million
shares
400 million Class A shares
300 million Class B shares
50 million Class C shares
50 million Class Z shares
RESOLVED, that the appropriate officers
of Prudential Utility Fund, Inc. are hereby
authorized and directed to file Articles of
Amendment/Articles Supplementary with the
Secretary of State of Maryland, in
substantially the form presented to the
meeting, to effect the foregoing resolutions.
T:\martin\N-SAR\SECTOR\7-99\77D.doc