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Prudential Mutual Funds
Supplement dated July 6, 1994
The following information supplements the Prospectus of each of the Funds
listed below effective July 6, 1994.
SHAREHOLDER GUIDE
Alternative Purchase Plan--Initial Sales Charge Alternative--Class A Shares
Purchases of Class A shares of $2,000,000 and above
may be made without a sales charge. The offering price of Class A shares for
investors choosing the initial sales charge alternative is the next determined
net asset value plus a sales charge (expressed as a percentage of the offering
price and of the amount invested) as shown in the following table:
<TABLE>
<CAPTION>
Sales Charge as Sales Charge as Dealer Concession as
Percentage of Percentage of Percentage of
Amount of Purchase Offering Price Amount Invested Offering Price
- -------------------------- --------------- --------------- --------------------
<S> <C> <C> <C>
Less than $25,000......... 5.25% 5.54% 5.00%
$25,000 to $49,999........ 4.50% 4.71% 4.25%
$50,000 to $99,999........ 4.00% 4.17% 3.75%
$100,000 to $249,999...... 3.50% 3.63% 3.25%
$250,000 to $499,999...... 3.00% 3.09% 2.90%
$500,000 to $999,999...... 2.00% 2.04% 1.90%
$1,000,000 to $1,999,999.. 1.00% 1.01% 0.95%
$2,000,000 and above...... None None None
</TABLE>
Selling dealers may be deemed to be underwriters, as that term is defined in
the Securities Act of 1933.
<TABLE>
<CAPTION>
Name of Fund Prospectus Date
<S> <C>
Prudential Equity Fund, Inc.................................. March 3, 1994
Prudential Equity Income Fund................................ December 29, 1993
Prudential FlexiFund......................................... September 29, 1993
Prudential Global Fund....................................... December 30, 1993
Nicholas-Applegate Growth Equity Fund........................ March 2, 1994
</TABLE>
MF940C-3
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