<PAGE>
COMMAND MONEY FUND
COMMAND TAX-FREE FUND
COMMAND GOVERNMENT FUND
------------------------------------------------------------------------------
SUPPLEMENT DATED October 4, 2000
PROSPECTUS DATED August 31, 2000
The following information supplements 'Fees and Expenses' Tables in the
Prospectus with respect to each of the Funds (page 4, page 8 and page 12 for
COMMAND Money Fund, COMMAND Tax-Free Fund and COMMAND Government Fund,
respectively):
<TABLE>
<S> <C>
Shareholder Fees (paid directly from your account)
Maximum sales charge (load) imposed on purchases
(as a percentage of offering price) None
Maximum deferred sales charge (load) (as a
percentage of the lower of original purchase
price or sale proceeds) None
Maximum sales charge (load) imposed on reinvested
dividends and other distributions None
Redemption fee None
Exchange fee None
COMMAND Program annual fee(1) $100(2)
BusinessEdge Program annual fee(1) $175(2)
</TABLE>
(1) COMMAND and BusinessEdge are financial services programs available
through Prudential Securities Incorporated and/or Pruco Securities
Corporation. For more information, you should consult a Prudential Securities
Financial Advisor or a Pruco Securities Preferred Agent.
(2) The annual COMMAND program fee as a percentage of average net assets is
.02%, .57% and .79% for COMMAND Money Fund, COMMAND Tax-Free Fund and COMMAND
Government Fund, respectively. The annual BusinessEdge program fee as a
percentage of average net assets is .03%, 1.00 % and 1.38% for COMMAND Money
Fund, COMMAND Tax-Free Fund and COMMAND Government Fund, respectively. The fees
as a percentage of average net assets are calculated by dividing $100 (the
total fee for the COMMAND Program) or $175 (the total fee for the BusinessEdge
Program), respectively, by the average account size in each Fund. The annual
program fee is not prorated for purposes of these calculations to give effect
to COMMAND Program or BusinessEdge Program participants who also subscribe to
various services offered by the respective Programs. A major portion of the
annual program fee is not attributable to each of the Funds, but rather to
nonfund services provided by the Program.
CFSUP1