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Prudential Government Securities Trust
(Short-Intermediate Term Series)
Supplement Dated September 1, 1998
to Prospectus Dated February 2, 1998
How the Fund is Managed--Manager
The current portfolio managers of the Series are Barbara Kenworthy and
Robert Felice. Ms. Kenworthy is a Managing Director and Senior Portfolio Manager
and Mr. Felice is a Vice President and Portfolio Manager of Prudential
Investments. Mr. Felice is responsible for the day-to-day management of the
Series' portfolio under the supervision of Ms. Kenworthy who remains responsible
for overall portfolio strategy for the Series. Ms. Kenworthy has managed the
Series' portfolio since May 1995. Ms. Kenworthy was previously employed by the
Dreyfus Corporation (June 1985-June 1994) and served as president and portfolio
manager for several Dreyfus fixed-income funds. Ms. Kenworthy has 30 years of
investment management experience in both U.S. and foreign securities and
investment grade and high yield quality bonds. Ms. Kenworthy also serves as the
portfolio manager of other investment companies managed by Prudential
Investments. Mr. Felice joined Prudential Investments Individually Managed
Accounts (formerly known as Gibralter Advisors) in 1997. Prior thereto, he spent
10 years as lead portfolio manager of over $7 billion in money market mutual
funds, including the Command Money Fund and Prudential Special Money Market
Fund. He actively manages the Series' portfolio according to the investment
adviser's interest rate outlook. Consistent with the Series' investment
objective and policies, he will, at times, invest in different sectors of the
U.S. government and other fixed-income markets seeking price discrepancies and
more favorable interest rates. The investment adviser conducts extensive
analysis of U.S. and overseas markets in an attempt to identify trends in
interest rates, supply and demand and economic growth. The portfolio manager
then selects the sectors, maturities and individual bonds he believes provide
the best value under these conditions.
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