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Prudential Equity Fund, Inc.
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Supplement Dated December 5, 2000
Prospectus Dated March 1, 2000
On November 28, 2000, the Board of Directors of the Prudential Equity Fund,
Inc. (the Fund) approved the proposal summarized below. The proposal will be
submitted for approval by shareholders of the Fund at an Annual Meeting of
Shareholders to be held on January 31, 2001.
The following information supplements information contained in the Prospectus
of the Fund on page 12, and is in addition to the Supplements to the Prospectus
dated May 8, 2000 and August 30, 2000:
'How the Fund is Managed--Investment Adviser'--Page 12
Jennison Associates LLC (Jennison) is currently the Fund's investment
adviser. If approved by shareholders, Salomon Brothers Asset Management Inc.
(Salomon) and GE Asset Management Inc. (GEAM) would be added as investment
subadvisers to the Fund, each with respect to approximately 25% of the Fund's
assets. Jennison would continue to serve as the Fund's investment adviser with
respect to the remaining assets (approximately 50%) of the Fund. Its contract
also will be submitted for approval by shareholders at the upcoming meeting.
There would be no change in the Fund's management fee as a result of the
appointment of Salomon and GEAM as additional subadvisers.
Salomon, a registered investment adviser, is part of the global asset
management arm of Citigroup, Inc., which was formed in 1998 as a result of the
merger of Travelers Group and Citicorp, Inc. As of September 30, 2000, Salomon's
total assets under management exceeded $28.7 billion. Salomon's address is 7
World Trade Center, 38th floor, New York, New York 10048.
GEAM is a registered investment adviser and is a wholly-owned subsidiary of
the General Electric Company. As of September 30, 2000, GEAM's total assets
under management exceeded $95 billion. GEAM's address is 3003 Summer Street,
Stamford, Connecticut 06904.
MF101C2
