PRUDENTIAL MUNICIPAL SERIES FUND
497, 1995-05-11
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                        Prudential Municipal Series Fund
                             (Hawaii Income Series)

                         Supplement dated May 10, 1995
                        Prospectus dated March 30, 1995

How The Fund Invests - Investment Objective and Policies

    On May 5, 1995, the Trustees of Prudential Municipal Series Fund (the Fund)
adopted a policy whereby the Hawaii Income Series of the Fund will no longer be
permitted to invest in Hawaii Obligations rated below Baa by Moody's or below
BBB by S&P or, if non-rated, of comparable quality in the opinion of the Fund's
investment adviser.

MF165C-2





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