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For Ohio Residents Only
Prudential Municipal Series Fund
(Hawaii Income Series)
Supplement dated December 11, 1995
Prospectus dated November 1, 1995
The Series is non-diversified and can invest a greater percentage of its
assets in the securities of a single issuer than a diversified Series.
Investment in the Series may therefore include a greater risk to the investor
in that the loss from the default of a single issuer may represent a greater
portion of the total assets of the Series' portfolio. This investment policy
does not comply with subparagraph (7) of Rule 1301:6-3-09(E) of the Ohio
Administrative Code.
Illiquid Securities
As described on page 10, the Series is permitted to invest up to 15% of its
net assets in illiquid securities including securities with legal or contractual
restrictions on resale (restricted securities). Restricted securities eligible
for resale under Rule 144A of the Securities Act of 1933 are excluded from this
15% limitation provided they have a readily available market. The State of Ohio
generally prohibits an investment company from investing more than 15% in
securities which are restricted as to disposition (including Rule 144A
securities), unless special notice is provided to investors. In accordance with
Ohio regulations, the Series is permitted to invest in securities which are
restricted as to disposition including restricted securities eligible for resale
under Rule 144A of the Securities Act of 1933 in an amount not more than 50% of
the total assets of the Series.
MF165C-1
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