PRUDENTIAL MUNICIPAL SERIES FUND
497, 1996-04-08
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                        Prudential Municipal Series Fund
                               (New York Series)
                       Supplement dated April 8, 1996 to
                       Prospectus dated November 1, 1995
                            HOW THE FUND IS MANAGED
MANAGER
    Effective April 1996, Peter J. Allegrini, a Managing Director of Prudential
Mutual Fund Investment Management (PMFIM), a unit of The Prudential Investment
Corporation (PIC), and Christian Smith, a Vice President of PMFIM, became
co-managers of the New York Series and share responsibility for the day-to-day
management of the New York Series' portfolio.
    Mr. Allegrini has been employed by PIC as a portfolio manager since July
1994 and serves as the portfolio manager of a number of other portfolios managed
by PIC. He was employed by Fidelity Investments from 1982 to 1985 as a senior
bond analyst and from 1985 to 1994 as a portfolio manager, most recently of
Fidelity Adviser High Income Municipal Fund. Mr. Smith has been employed by PIC
in various capacities since 1988 and serves as the portfolio manager for a
number of other municipal bond portfolios managed by PIC.

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