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Prudential Financial
Services Fund
a series of Prudential Sector Funds, Inc.
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Supplement dated August 1, 2000
Prospectus dated March 30, 2000
The following replaces the information contained in the Prospectus under "How
the Funds are Managed--Investment Advisers" and "-Portfolio Managers" as to
Prudential Financial Services Fund:
Effective August, 2000, Jennison Associates LLC (Jennison), a direct,
wholly-owned subsidiary of The Prudential Investment Corporation, is the Fund's
investment adviser. Jennison has served as an investment adviser to investment
companies since 1990. Its address is 466 Lexington Avenue, New York, NY 10017.
As of June 30, 2000, Jennison managed approximately $63.5 billion in assets.
Prudential Investments Fund Management LLC, the Fund's Manager, has
responsibility for all investment advisory services, supervises Jennison and
pays Jennison for its services.
Bradley Goldberg, CFA and Mark G. DeFranco are the portfolio managers of the
Strategically Managed portfolio of the Fund. Mr. Goldberg, an Executive Vice
President and Director of Jennison Associates LLC (Jennison) and a Vice
President of The Prudential Investment Corporation, has managed the portfolio
since May 2000. Mr. Goldberg joined Jennsion in 1974 as a portfolio manager. He
earned a B.S. from the University of Illinois and an M.B.A. from New York
University. He holds a Chartered Financial Analyst (CFA) designation. Mr.
DeFranco has served as a portfolio manager for the Fund since August 2000. Mr.
DeFranco, a vice president, joined Jennison in 1998 with over 12 years of
experience in the investment industry, including positions at Pomboy Capital
(1995 to 1998) as an equity analyst and portfolio manager and Comstock
Partners, where he was an equity analyst. Mr. DeFranco received a B.A. from
Bates College and an M.B.A. from Columbia University Graduate School of
Business.
Mark Stumpp, Ph.D., has been the portfolio manager for the Enhanced Index
portfolio of the Fund since its inception. Mr. Stumpp is a Senior Managing
Director of Prudential Investments. He chairs the Quantitative Management (QM)
group's Investment Policy Committee and is responsible for its model portfolio.
Mr. Stumpp developed the group's tactical asset allocation algorithm. He also
developed and oversees the methodology underlying the group's actively managed
equity portfolios. Mr. Stumpp has managed mutual fund portfolios since 1995 and
has managed investment portfolios for over 11 years. He holds a B.A. from
Boston University and an M.A. and a Ph.D. from Brown University.
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