<PAGE>
Directors
John C. Davis
William S. Field
Delayne D. Gold
Harry A. Jacobs, Jr.
Lawrence C. McQuade
William C. Norby
Thomas A. Owens, Jr.
Richard A. Redeker
Robert J. Schultz
Sidney M. Spielvogel
Nancy H. Teeters
Robert H. Wellington
Officers
John C. Davis, Chairman
Lawrence C. McQuade, President
Robert F. Gunia, Vice President
Susan C. Cote, Treasurer
S. Jane Rose, Secretary
Deborah A. Docs, Assistant Secretary
Manager
Prudential Mutual Fund Management, Inc.
One Seaport Plaza
New York, New York 10292
Investment Adviser
The Prudential Investment Corporation
Prudential Plaza
Newark, New Jersey 07101
Distributor
Prudential Mutual Fund Distributors, Inc.
One Seaport Plaza
New York, New York 10292
Custodian
State Street Bank and Trust Company
One Heritage Drive
North Quincy, Massachusetts 02171
Transfer Agent
Prudential Mutual Fund Services, Inc.
P.O. Box 15005
New Brunswick, New Jersey 08906
Auditors
Deloitte & Touche
1633 Broadway
New York, New York 10019
Legal Counsel
Gardner, Carton & Douglas
Quaker Tower
321 North Clark Street
Chicago, Illinois 60610-4795
One Seaport Plaza
New York, NY 10292
Toll free (800) 225-1852
Collect (908) 417-7555
This report is not authorized for distribution to
prospective investors unless preceded or accompanied by a
current prospectus.
74435H102 MF 108E
Cat. #430252D
<PAGE>
For some time now, money market investors have been faced with a slow and
unsteady economic recovery and have encountered some of the lowest market
interest rates in nearly three decades. Even in this environment, however,
MoneyMart Assets earned competitive current-income return
Fund Facts
As of December 31, 1993
<TABLE>
<CAPTION>
7-Day Net Asset Weighted Total Net
Current Yield Value Avg.Maturity Assets (mil.)
MoneyMart Assets 2.83% $1.00 42 days $7,319
Donoghue's Money Fund
Avgs, (All Taxable)* 2.72% $1.00 57 days NA
Note: Past performance is no guarantee of future results.
*This is the average 7-day current yield, NAV and WAM of 637 funds in Donoghue's all taxable money market fund category as of
December 28, 1993.
Fund Overview
The Prudential MoneyMart Assets Fund seeks high current income consistent with the stability of capital and the maintenance of
liquidity. The Fund has a diversified portfolio of high quality, U.S. dollar-denominated money market securities issued
by the U.S. Government and its agencies, major corporations and domestic and foreign commercial banks. Maturities can range from
one day to 13 months. We currently purchase only securities rated in the highest categories by at least two major
rating agencies, or if unrated, deemed by the investment adviser to be of equivalent quality. Please note that an investment
in the Fund is neither insured nor guaranteed by the U.S. government, and there can be no assurance that the Fund will be
able to maintain a stable net asset value of $1.00 per share.
The Fed Waits
Throughout most of 1993, the economy continued its sluggish and fitful recovery. As the year progressed, forecasters steadily
lowered their projections for the year's economic growth rate. Economic signals continued to be reported as mixed and
variable, until finally they began to converge toward more positive economic progress in the fourth quarter of 1993.
Fearful of harming the economy, the Federal Reserve (Fed) has not yet moved to increase interest rates, despite their low levels.
In fact, with over one-and-a-quarter years since their last policy move, the Fed has stayed on the sidelines for one
of the longest periods in its history. However, the Fed has made it clear they will take action at the slightest sign of an
upward inflation rate trend. In the meantime, two short-term benchmarks, the Fed funds target rate (the inter-bank lending
rate) and the discount rate (the cost of funds borrowed from the Fed) have remained around 3.0% since the latter portion of 1992.
Carefully Managed Maturity
Interest rates tended to reflect the hesitation in the economy, moving through a choppy decline until early October. During that
time, in order to remain prepared for eventual economic acceleration, we positioned the Fund's maturity in a generally
neutral to slightly defensive posture, adjusting it on an ongoing basis to take advantage of the fluctuations in interest rates.
By the end of September, just before short-term rates reached their lows and then started to climb, we shortened the
average maturity to a level well below that of competing funds, placing us in a strong position to capture rising rates. One
such opportunity did occur in late November on an interim spike in short-term rates, and using an aggressive buying
strategy we gained some advantage by extending to a longer, more neutral position. We later returned to a shorter posture,
ending the year at 42 days.
Security Selection Adds Value
The blend of different types of money market instruments changed only slightly until the end of September, when we took advantage
of relatively higher yields in two areas: First, we increased Fund holdings of foreign bank obligations (those that
are U.S. dollar denominated and have no foreign currency risk) to gain the higher rates that tend to become available when the
Japanese banking system reaches its fiscal-year midpoint. Second, with the availability of some new-issue government
agency floating rate securities, we increased our variable rate securities allocation to as much as 37% of the Fund during the
fourth quarter. This type of security provided an attractive, high quality alternative to one-month commercial paper.
When the general strength of corporate balance sheets showed improvement toward the end of 1993, we added substantially to
corporate commercial paper holdings. In particular, we were able to get relatively higher yields from companies like Household
Finance, by buying their corporate commercial paper before anticipated upgrades. By year-end, your Fund held 65.0% in commercial
paper and 16.3% in bank obligations.
Stronger Growth, Higher Rates
During the fourth quarter 1993, the economy grew at what will probably be reported in the robust 4% to 5% range and, to date,
inflation remains under control. With these two key ingredients, a foundation for growth has been built, and the trend
toward a strengthening economy should continue. If inflationary pressures follow as they have in the past, the Fed will likely
push short-term rates higher by midyear. We expect to keep the Fund's average maturity short-to-neutral to the
competition for some time to take advantage of the impending cyclical interest rate rise.
There are, however, two areas of caution on the horizon: the full impact of the new tax increases should be felt in 1994, and
the proposed health-care program may cause businesses to think twice before hiring new employees. Both could provide a
drag on economic momentum, and we will be carefully watching for their effects.
As always, it is a pleasure to have you as a Prudential MoneyMart Assets shareholder and to take the opportunity to report our
activities to you.
Sincerely,
Lawrence C. McQuade
President
Joseph M. Tully
Portfolio Manager
Bar chart showing the 1993 monthly returns of the three-month Treasury bill.
This chart is for illustrative purposes only and does not represent the
performance of the Fund or of any specific security in the Fund's portfolio.
<PAGE>
<CAPTION>
Principal
Amount Value
(In thousands) Description (Note 1)
<C> <S> <C>
ASSET BACKED SECURITIES--1.4%
Capital Auto Receivables Asset Trust
$ 11,250 3.30%, 10/15/94............ $ 11,247,189
Case Equipment Loan Trust
4,495 3.25%, 5/15/94............. 4,494,702
Money Market Auto Loan Trust
86,450 3.54%, 1/18/94............. 86,450,000
--------------
Total Asset Backed
Securities
(amortized cost
$102,191,891)............ 102,191,891
--------------
BANK HOLDING COMPANY--1.8%
Bankers Trust New York Corp.
5,000 3.33%, 2/15/94............. 4,979,188
10,000 3.35%, 2/18/94............. 9,955,333
32,000 3.22%, 3/23/94............. 31,768,160
KeyCorp
1,246 3.55%, 1/3/94.............. 1,245,754
NationsBank Corp.
71,000 3.34%, 2/11/94............. 70,729,924
15,000 3.28%, 5/9/94.............. 14,825,067
--------------
Total Bank Holding Company
(amortized cost
$133,503,426)............ 133,503,426
--------------
BANK NOTES--2.7%
Bank of New York
10,000 3.50%, 2/3/94.............. 10,000,015
Bank of New York (Delaware)
32,000 3.60%, 6/30/94............. 31,974,467
Northern Trust Co.
17,000 3.63%, 6/9/94.............. 16,985,525
PNC Bank, Louisville
84,000 3.23%, 4/29/94............. 83,962,174
Society National Bank of Cleveland
39,000 3.35%, 3/10/94............. 38,991,411
12,900 3.25%, 4/21/94............. 12,883,834
--------------
Total Bank Notes
(amortized cost
$194,797,426)............ 194,797,426
--------------
CERTIFICATES OF DEPOSIT--
CANADA--2.6%
Bank of Nova Scotia
$ 93,000 3.38%, 1/28/94............. $ 93,000,000
100,000 3.25%, 1/31/94............. 100,000,000
--------------
Total Certificates of Deposit--Canada
(amortized cost
$193,000,000)............ 193,000,000
--------------
CERTIFICATES OF DEPOSIT--
EURODOLLAR--3.0%
Sanwa Bank, Ltd.
40,000 3.32%, 1/26/94............. 39,995,953
50,000 3.29%, 1/31/94............. 49,999,526
Sumitomo Bank, Ltd.
37,000 3.32%, 1/25/94............. 36,999,626
68,000 3.33%, 1/26/94............. 67,994,243
22,000 3.40%, 2/4/94.............. 22,000,000
--------------
Total Certificates of Deposit--Eurodollar
(amortized cost
$216,989,348)............ 216,989,348
--------------
CERTIFICATES OF DEPOSIT--
YANKEE--8.0%
ABN Amro Bank N.V.
50,000 3.20%, 3/31/94............. 49,977,414
24,000 3.24%, 3/31/94............. 23,991,492
Banque Francaise Commerce
84,000 3.37%, 3/1/94.............. 84,000,000
Banque Nationale De Paris
17,000 3.33%, 4/27/94............. 16,994,540
Dai-Ichi Kangyo Bank, Ltd.
13,000 3.45%, 2/7/94.............. 13,000,132
Sanwa Bank, Ltd.
15,000 3.35%, 1/27/94............. 14,998,898
Societe Generale Bank
384,000 3.38%, 3/2/94.............. 384,000,000
--------------
Total Certificates of Deposit--Yankee
(amortized cost
$586,962,476)............ 586,962,476
--------------
/X/4/X/ See Notes to Financial Statements.
<PAGE>
<PAGE>
</TABLE>
<TABLE>
<CAPTION>
Principal
Amount Value
(In thousands) Description (Note 1)
<C> <S> <C>
Commercial Paper-Canada--6.0%
Bank of Nova Scotia
$ 55,000 3.22%, 2/1/94.............. $ 54,847,497
55,000 3.22%, 2/2/94.............. 54,842,578
Canadian Imperial Holding, Inc.
32,000 3.22%, 1/31/94............. 31,914,133
295,000 3.22%, 2/1/94.............. 294,182,031
--------------
Total Commercial
Paper-Canada
(amortized cost
$435,786,239)............ 435,786,239
--------------
COMMERCIAL PAPER--DOMESTIC--45.3%
American Express Credit Corp.
35,000 3.21%, 2/2/94.............. 34,900,133
87,000 3.23%, 2/2/94.............. 86,750,213
Aristar, Inc.
8,000 3.46%, 1/24/94............. 7,982,316
13,000 3.42%, 2/8/94.............. 12,953,070
Asset Securitization Cooperative Corp.
60,000 3.35%, 2/16/94............. 59,743,167
100,000 3.35%, 2/17/94............. 99,562,639
Associates Corp. of North America
50,000 3.20%, 1/4/94.............. 49,986,667
50,000 3.20%, 1/5/94.............. 49,982,222
44,000 3.20%, 1/10/94............. 43,964,800
Avco Financial Services, Inc.
28,000 3.33%, 2/9/94.............. 27,898,990
25,000 3.35%, 2/10/94............. 24,906,944
38,000 3.35%, 2/11/94............. 37,855,019
Beneficial Corp.
82,000 3.35%, 1/28/94............. 81,793,975
56,000 3.33%, 1/31/94............. 55,844,600
66,000 3.35%, 2/7/94.............. 65,772,758
25,000 3.35%, 2/11/94............. 24,904,618
Ciesco, Inc.
$ 9,000 3.25%, 1/25/94............. $ 8,980,500
7,950 3.30%, 2/10/94............. 7,920,850
24,600 3.35%, 2/11/94............. 24,506,144
14,000 3.35%, 2/16/94............. 13,940,072
15,000 3.35%, 2/22/94............. 14,927,417
19,550 3.35%, 3/7/94.............. 19,431,750
CIT Group Holdings, Inc.
12,000 3.22%, 1/25/94............. 11,974,240
71,000 3.22%, 2/1/94.............. 70,803,133
100,000 3.22%, 2/2/94.............. 99,713,778
55,000 3.22%, 2/7/94.............. 54,817,980
21,000 3.34%, 2/28/94............. 20,886,997
34,000 3.50%, 3/28/94............. 33,715,722
Commercial Credit Co.
28,000 3.35%, 2/1/94.............. 27,919,228
27,000 3.34%, 2/3/94.............. 26,917,335
Corporate Asset Funding Co., Inc.
3,288 3.33%, 1/24/94............. 3,281,005
7,810 3.34%, 1/26/94............. 7,791,885
27,800 3.35%, 2/7/94.............. 27,704,283
33,000 3.35%, 3/1/94.............. 32,818,821
30,400 3.35%, 3/2/94.............. 30,230,267
Corporate Receivables Corp.
30,000 3.21%, 2/7/94.............. 29,901,025
20,500 3.20%, 3/7/94.............. 20,381,556
Dresser Industries Inc.
8,000 3.33%, 1/24/94............. 7,982,980
Falcon Asset Securitization Corp.
19,000 3.38%, 1/28/94............. 18,951,835
</TABLE>
/X/5/X/ See Notes to Financial Statements.
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Principal
Amount Value
(In thousands) Description (Note 1)
<C> <S> <C>
COMMERCIAL PAPER--DOMESTIC--(cont'd.)
Ford Motor Credit Corp.
$ 64,000 3.32%, 1/21/94............. $ 63,881,956
60,000 3.37%, 1/28/94............. 59,848,350
50,000 3.33%, 2/15/94............. 49,791,875
120,400 3.33%, 2/16/94............. 119,887,698
General Electric Capital Corp.
48,000 3.22%, 2/11/94............. 47,823,973
33,000 3.22%, 2/14/94............. 32,870,127
139,000 3.32%, 2/24/94............. 138,307,780
88,000 3.32%, 2/25/94............. 87,553,644
21,000 3.32%, 2/28/94............. 20,887,673
40,000 3.35%, 2/28/94............. 39,784,111
19,000 3.22%, 4/6/94.............. 18,838,553
General Motors Acceptance Corp.
95,000 3.53%, 1/18/94............. 94,841,865
300,000 3.53%, 1/19/94............. 299,471,250
Golden Peanut Company
5,000 3.35%, 2/18/94............. 4,977,667
Heller Financial Services, Inc.
34,000 3.30%, 1/13/94............. 33,962,600
Honeywell, Inc.
10,000 3.36%, 1/11/94............. 9,990,667
Household Finance Corp.
75,000 3.30%, 1/31/94............. 74,793,750
46,000 3.35%, 1/31/94............. 45,871,583
K mart Corp.
5,000 3.35%, 1/24/94............. 4,989,299
29,000 3.35%, 2/14/94............. 28,881,261
Merrill Lynch & Co., Inc.
37,000 3.37%, 2/2/94.............. 36,889,164
48,000 3.22%, 2/3/94.............. 47,858,320
17,900 3.23%, 2/10/94............. 17,835,759
65,100 3.23%, 2/14/94............. 64,843,000
Merrill Lynch & Co., Inc. (cont'd.)
$ 20,000 3.35%, 2/28/94............. $ 19,892,055
23,000 3.35%, 3/1/94.............. 22,873,724
16,000 3.37%, 3/2/94.............. 15,910,133
Morgan Stanley Group, Inc.
30,000 3.39%, 1/31/94............. 29,915,250
NYNEX Corp.
59,000 3.37%, 2/14/94............. 58,756,986
150,000 3.37%, 2/22/94............. 149,269,833
Preferred Receivables Funding Corp.
13,000 3.40%, 1/24/94............. 12,971,761
23,500 3.34%, 2/23/94............. 23,384,445
29,700 3.35%, 2/23/94............. 29,553,521
Smith Barney Shearson, Inc.
10,000 3.35%, 1/21/94............. 9,981,389
15,000 3.28%, 1/26/94............. 14,965,833
20,000 3.27%, 1/27/94............. 19,952,767
10,000 3.38%, 2/2/94.............. 9,969,956
United States Leasing Capital
9,175 3.40%, 1/14/94............. 9,163,735
Xerox Credit Corp.
53,000 3.37%, 1/21/94............. 52,900,772
14,000 3.35%, 2/11/94............. 13,946,586
--------------
Total Commercial Paper--Domestic
(amortized cost
$3,318,391,605).......... 3,318,391,605
--------------
COMMERCIAL PAPER--YANKEE--11.9%
Abbey National North America Corp.
158,000 3.34%, 3/15/94............. 156,929,901
122,500 3.22%, 3/18/94............. 121,667,272
45,000 3.22%, 3/23/94............. 44,673,975
13,000 3.22%, 4/7/94.............. 12,888,373
44,100 3.40%, 4/26/94............. 43,621,025
ANZ Bank, Ltd. (Delaware)
49,775 3.33%, 4/4/94.............. 49,346,811
</TABLE>
/X/6/X/ See Notes to Financial Statements.
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Principal
Amount Value
(In thousands) Description (Note 1)
<C> <S> <C>
COMMERCIAL PAPER--YANKEE--(cont'd.)
Bayerische Vereinsbank (Cayman)
$ 68,000 3.31%, 3/3/94.............. $ 67,618,614
BHF Finance (USA), Inc.
20,000 3.25%, 2/22/94............. 19,906,111
13,000 3.35%, 3/7/94.............. 12,921,368
Bradford & Bingley Building Society
20,000 3.22%, 1/12/94............. 19,980,322
20,000 3.23%, 1/12/94............. 19,980,261
20,000 3.35%, 2/7/94.............. 19,931,139
Cheltenham & Glouster Building Society
15,000 3.22%, 1/12/94............. 14,985,242
15,000 3.32%, 3/9/94.............. 14,907,317
Grand Metropolitan Finance, Plc.
15,000 3.35%, 3/30/94............. 14,877,167
Hanson Finance (U.K.), Plc.
43,000 3.37%, 2/16/94............. 42,814,837
23,000 3.34%, 2/28/94............. 22,876,234
50,000 3.37%, 2/28/94............. 49,728,528
13,000 3.35%, 3/1/94.............. 12,928,626
28,600 3.36%, 3/2/94.............. 28,439,840
National Australia Funding, Delaware Inc.
47,000 3.36%, 1/21/94............. 46,912,267
Sumitomo Corp. of America
10,000 3.20%, 3/3/94.............. 9,945,778
Westpac Capital Corp., Delaware
26,000 3.39%, 2/14/94............. 25,892,273
--------------
Total Commercial Paper--Yankee
(amortized cost
$873,773,281)............ 873,773,281
--------------
CORPORATE BONDS--0.4%
American General Finance Corp.
10,960 9.25%, 7/1/94.............. 11,240,635
CIT Group Holdings, Inc.
20,900 8.63%, 1/1/94.............. 20,900,000
--------------
Total Corporate Bonds
(amortized cost
$32,140,635)............. 32,140,635
--------------
LOAN PARTICIPATIONS--1.5%
Bear Stearns Co., Inc.
$100,000 3.50%, 1/4/94.............. $ 100,000,000
Morgan Stanley Group, Inc.
6,030 3.35%, 1/3/94.............. 6,030,000
--------------
Total Loan Participations
(amortized cost
$106,030,000)............ 106,030,000
--------------
MEDIUM TERM OBLIGATIONS--5.4%
Goldman Sachs Group, L.P.
381,000 3.69%, 10/18/94............ 381,000,000
IBM Credit Corp.
10,000 5.52%, 5/16/94............. 10,074,031
--------------
Total Medium Term
Obligations
(amortized cost
$391,074,031)............ 391,074,031
--------------
PROMISSORY NOTE--0.2%
Goldman Sachs Group, L.P.
3.60%, 2/2/94
15,000 (amortized cost
$15,000,000)............. 15,000,000
--------------
VARIABLE RATE INSTRUMENTS+--10.1%
Avco Financial Services, Inc.
61,000 3.37%, 1/27/94............. 61,000,000
Federal Home Loan Mortgage Corp.
137,000 3.08%, 3/15/94............. 137,000,000
Lehman Brothers Hldgs., Inc.
210,000 3.52%, 1/28/94............. 210,000,000
Merrill Lynch & Co., Inc.
153,000 3.33%, 1/20/94............. 152,934,098
Morgan Stanley Group, Inc.
55,000 3.41%, 1/18/94............. 55,000,000
10,000 3.61%, 1/19/94............. 10,000,000
28,000 3.58%, 1/19/94............. 28,000,000
85,000 3.53%, 2/15/94............. 85,000,000
--------------
Total Variable Rate
Instruments
(amortized cost
$738,934,098)............ 738,934,098
--------------
</TABLE>
/X/7/X/ See Notes to Financial Statements.
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
Description Value
(Note 1)
<C> <S> <C>
Total Investments--100.3%
(amortized cost
$7,338,574,456).......... $7,338,574,456
Liabilities in excess of
other
assets--(0.3%)........... (19,941,263)
--------------
Net Assets--100%........... $7,318,633,193
--------------
--------------
</TABLE>
+The maturity date presented for these instruments is the later of the next date
on which the security can be redeemed at par or the next date on which the rate
of interest is adjusted.
The industry classification of portfolio holdings and other assets (net) shown
as a percentage of net assets as of December 31, 1993 was as follows:
<TABLE>
<S> <C>
Commercial Banks........................... 31.7%
Personal Credit Institutions............... 19.4
Security Brokers & Dealers................. 18.5
Short-Term Business Credit................. 12.6
Asset Backed Securities.................... 8.0
Telephone Communications................... 2.9
Tobacco.................................... 2.2
Federal Credit Agencies.................... 1.9
Bank Holding Companies - Domestic.......... 1.8
Variety Stores............................. 0.5
Food & Related Products.................... 0.3
Commodity Trade Firms...................... 0.1
Computer Rental & Leasing.................. 0.1
Finance Lessor............................. 0.1
General Industry Machine................... 0.1
Industrial Control Systems................. 0.1
-----
100.3
Liabilities in excess of other assets...... (0.3)
-----
100.0%
-----
-----
</TABLE>
/X/8/X/ See Notes to Financial Statements.
<PAGE>
<PAGE>
PRUDENTIAL MONEYMART ASSETS
Statement of Assets and Liabilities
<TABLE>
<CAPTION>
December 31,
Assets 1993
--------------
<S> <C>
Investments, at amortized cost which approximates value................................. $7,338,574,456
Cash.................................................................................... 1,344,475
Receivable for Fund shares sold......................................................... 108,477,879
Interest receivable..................................................................... 14,147,546
Other assets............................................................................ 218,198
--------------
7,462,762,554
--------------
Liabilities
Payable for Fund shares reacquired...................................................... 137,719,012
Accrued expenses........................................................................ 2,786,580
Due to Manager.......................................................................... 1,923,281
Dividends payable....................................................................... 1,085,272
Due to Distributor...................................................................... 439,504
Deferred directors' fees................................................................ 175,712
--------------
144,129,361
--------------
Net Assets.............................................................................. $7,318,633,193
--------------
--------------
Net assets were comprised of:
Common stock, at par ($.10 par value; 15,000,000,000 shares authorized for
issuance)............................................................................. $ 731,863,319
Paid-in capital in excess of par...................................................... 6,586,769,874
--------------
Net assets at December 31, 1993......................................................... $7,318,633,193
--------------
--------------
Net asset value, offering price and redemption price per share ($7,318,633,193 3
7,318,633,193 shares of common stock issued and outstanding.)......................... $1.00
--------------
--------------
</TABLE>
See Notes to Financial Statements.
/X/9/X/
<PAGE>
<PAGE>
PRUDENTIAL MONEYMART ASSETS
Statement of Operations
<TABLE>
<CAPTION>
Year Ended
December 31,
Net Investment Income 1993
------------
<S> <C>
Income
Interest............................ $258,182,763
------------
Expenses
Management fee...................... 23,332,701
Distribution fee.................... 9,678,736
Transfer agent's fees and
expenses............................ 17,739,000
Shareholder reports................. 1,465,000
Custodian's fees and expenses....... 1,031,000
Registration fees................... 962,000
Insurance expense................... 196,000
Directors' fees..................... 100,000
Audit fee........................... 36,000
Legal fees.......................... 25,000
Miscellaneous....................... 93,083
------------
Total expenses.................... 54,658,520
------------
Net investment income................. 203,524,243
Net Realized Gain on Investments
Net realized gain on investment
transactions........................ 2,572,145
------------
Net Increase in Net Assets
Resulting from Operations............. $206,096,388
------------
------------
</TABLE>
PRUDENTIAL MONEYMART ASSETS
Statement of Changes in Net Assets
<TABLE>
<CAPTION>
Year Ended December 31,
Increase (Decrease) -----------------------------------
in Net Assets 1993 1992
---------------- ----------------
<S> <C> <C>
Operations
Net investment
income.......... $ 203,524,243 $ 244,290,524
Net realized gain
on
investment
transactions.... 2,572,145 7,374,034
---------------- ----------------
Net increase in
net
assets resulting
from
operations...... 206,096,388 251,664,558
---------------- ----------------
Dividends and
distributions to
shareholders...... (206,096,388) (251,664,558)
---------------- ----------------
Fund share
transactions
(at $1 per share)
Proceeds from
shares sold..... 33,414,007,948 28,154,172,600
Net asset value of
shares issued to
shareholders in
reinvestment of
dividends and
distributions... 196,483,621 240,525,509
Cost of shares
reacquired...... (32,995,139,159) (28,829,576,812)
---------------- ----------------
Net increase
(decrease) in
net assets from
Fund share
transactions.... 615,352,410 (434,878,703)
---------------- ----------------
Total increase
(decrease)...... 615,352,410 (434,878,703)
Net Assets
Beginning of year... 6,703,280,783 7,138,159,486
---------------- ----------------
End of year......... $ 7,318,633,193 $ 6,703,280,783
---------------- ----------------
---------------- ----------------
</TABLE>
See Notes to Financial Statements. See Notes to Financial Statements.
/X/10/X/
<PAGE>
<PAGE>
PRUDENTIAL MONEYMART ASSETS
Notes to Financial Statements
Prudential-Bache MoneyMart Assets Inc., doing business as Prudential
MoneyMart Assets (the ``Fund''), is registered under the Investment Company Act
of 1940 as a diversified, open-end management investment company. The Fund
invests primarily in a portfolio of money market instruments maturing in
thirteen months or less whose ratings are within the two highest rating
categories by a nationally recognized statistical rating organization or, if not
rated, are of comparable quality. The ability of the issuers of the securities
held by the Fund to meet their obligations may be affected by economic
developments in a specific industry or region.
Note 1. Accounting The following is a summary
Policies of significant accounting
policies followed by the Fund in the preparation
of its financial statements.
SECURITIES VALUATIONS: Portfolio securities are valued at amortized cost, which
approximates market value. The amortized cost method involves valuing a security
at its cost on the date of purchase and thereafter assuming a constant
amortization to maturity of the difference between the principal amount due at
maturity and cost.
SECURITIES TRANSACTIONS AND INVESTMENT INCOME: Security transactions are
recorded on the trade date. Realized gains and losses on sales of investments
are calculated on the identified cost basis. Interest income is recorded on the
accrual basis. The cost of portfolio securities for federal income tax purposes
is substantially the same as for financial reporting purposes.
FEDERAL INCOME TAXES: It is the Fund's policy to continue to meet the
requirements of the Internal Revenue Code applicable to regulated investment
companies and to distribute all of its taxable net income to its shareholders.
Therefore, no federal income tax provision is required.
DIVIDENDS AND DISTRIBUTIONS: All of the Fund's net investment income and net
realized gains or losses, if any, are declared as dividends daily to the
shareholders of record at the time of such declaration. Net investment income of
the Fund consists of interest accrued and discount earned less estimated
expenses applicable to the dividend period. Payment of dividends is made
monthly.
Note 2. Management The Fund has a management
and Distribution agreement with Prudential
Agreements Mutual Fund Management,
Inc. (``PMF''). Pursuant to this agreement, PMF
has responsibility for all investment advisory services and supervises the
subadviser's performance of such services. PMF has entered into a subadvisory
agreement with The Prudential Investment Corporation (``PIC''); PIC furnishes
investment advisory services in connection with the management of the Fund. PMF
pays for the cost of the subadviser's services, the compensation of officers of
the Fund, occupancy and certain clerical and bookkeeping costs of the Fund. The
Fund bears all other costs and expenses.
The management fee paid PMF is computed daily and payable monthly, at an
annual rate of .50 of 1% of the Fund's average monthly net assets up to $50
million and .30 of 1% of the Fund's average monthly net assets in excess of $50
million.
The Fund has a distribution agreement with Prudential Mutual Fund
Distributors, Inc. (``PMFD''). To reimburse PMFD for its expenses incurred
pursuant to a plan of distribution, the Fund pays PMFD a reimbursement, accrued
daily and payable monthly at an annual rate of .125 of 1% of the Fund's average
daily net assets. PMFD pays various broker-dealers, including Prudential
Securities Incorporated (``PSI'') and Pruco Securities Corporation, affiliated
broker-dealers, for account servicing fees and other expenses incurred by such
broker-dealers.
PMFD is a wholly-owned subsidiary of PMF; PSI, PMF and PIC are indirect,
wholly-owned subsidiaries of The Prudential Insurance Company of America.
Note 3. Other Prudential Mutual Fund
Transactions Services, Inc. (``PMFS''), a
with Affiliates wholly-owned subsidiary of
PMF, serves as the Fund's transfer agent. During
the year ended December 31, 1993, the Fund incurred fees of approximately
$15,961,000 for the services of PMFS. As of December 31, 1993, approximately
$1,325,000 of such fees were due to PMFS. Transfer agent fees and expenses in
the Statement of Operations include certain out-of-pocket expenses paid to
non-affiliates.
/X/11/X/
<PAGE>
<PAGE>
PRUDENTIAL MONEYMART ASSETS
Financial Highlights
Selected data for a share of common stock outstanding throughout each of the
years indicated:
<TABLE>
<CAPTION>
Year Ended December 31,
------------------------------------------------------------------
1993 1992 1991 1990 1989
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:
Net asset value, beginning of year.................. $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000
Net investment income and net realized gains........ .027 .035 .058 .077 .086
Dividends and distributions to shareholders......... (.027) (.035) (.058) (.077) (.086)
---------- ---------- ---------- ---------- ----------
Net asset value, end of year........................ $ 1.000 $ 1.000 $ 1.000 $ 1.000 $ 1.000
---------- ---------- ---------- ---------- ----------
---------- ---------- ---------- ---------- ----------
TOTAL RETURN#:...................................... 2.70% 3.59% 5.95% 8.00% 8.96%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000)....................... $7,318,633 $6,703,281 $7,138,159 $7,411,932 $8,168,972
Average net assets (000)............................ $7,742,989 $7,116,739 $7,763,251 $8,262,329 $6,947,060
Ratios to average net assets:
Expenses, including distribution fee.............. .71% .66% .68% .73% .69%
Expenses, excluding distribution fee.............. .58% .54% .56% .60% .57%
Net investment income............................. 2.63% 3.43% 5.72% 7.62% 8.57%
</TABLE>
- ---------------
#Total return is calculated assuming a purchase of shares on the first day and a
sale on the last day of each year reported and includes reinvestment of
dividends and distributions.
See Notes to Financial Statements.
/X/12/X/
<PAGE>
<PAGE>
INDEPENDENT AUDITORS' REPORT
The Shareholders and Board of Directors
Prudential MoneyMart Assets
We have audited the accompanying statement of assets and liabilities, including
the portfolio of investments, of Prudential MoneyMart Assets, as of December 31,
1993, the related statements of operations for the year then ended and of
changes in net assets for each of the two years in the period then ended and the
financial highlights for each of the five years in the period then ended. These
financial statements and financial highlights are the responsibility of the
Fund's management. Our responsibility is to express an opinion on these
financial statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. Our procedures included confirmation of the securities owned as of
December 31, 1993 by correspondence with the custodian. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for the opinion.
In our opinion, such financial statements and financial highlights present
fairly, in all material respects, the financial position of Prudential MoneyMart
Assets as of December 31, 1993, the results of its operations, the changes in
its net assets, and the financial highlights for the respective stated periods
in conformity with generally accepted accounting principles.
Deloitte & Touche
New York, New York
February 2, 1994
/X/13/X/
<PAGE>
<PAGE>
IMPORTANT 1993 INFORMATION FOR
POTENTIAL STATE TAX SAVINGS
Many states do not tax the portion of fund dividends derived from interest from
U.S. Treasury securities. To determine the amount of your dividends which may be
exempt from state and local taxes, simply multiply the amount in Box 1b of your
1099-DIV (Ordinary Dividends) by 1.12%. This percentage represents the amount of
income derived from U.S. Treasury securities and therefore does not apply to
taxable capital gain distributions paid by the Fund.
Residents of California, Connecticut, New York and New Jersey will not be able
to exclude 1993 U.S. interest income from state and local taxes because your
Fund did not meet minimum portfolio holding requirements.
Please consult your tax adviser or state/local tax authorities to properly
report this information on your tax return. If you have any questions concerning
the amounts listed above or would like specific monthly breakdowns, please call
(800) 225-1852.
/X/14/X/
