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AMENDMENT TO SUBADVISORY AGREEMENT
PRUDENTIAL CALIFORNIA MUNICIPAL FUND
AMENDMENT made as of this 18 th day of November, 1999, between
Prudential Investments Fund Management LLC ("PIFM"), and The Prudential
Investment Corporation ("PIC").
WHEREAS, PIFM, either itself or as successor to Prudential Investments
Fund Management, Inc., and PIC have entered into a Subadvisory Agreement (the
"Agreement") dated December 30th , 1988, with respect to the management of
Prudential California Municipal Fund (the "Fund"); and
WHEREAS, the Agreement provides that PIC shall provide investment
advisory services to the Fund, subject to oversight by PIFM; and
WHEREAS, PIFM and PIC desire to amend the Agreement with respect to the
compensation to be paid by PIFM to PIC for services provided by PIC pursuant to
the Agreement.
NOW, THEREFORE, for and in consideration of the continuation of the
Agreement for its current term, and other good and valuable consideration, PIFM
and PIC hereby amend the Agreement to provide for the compensation to be paid by
PIFM to PIC as described on the attached schedule, effective as of January 1,
2000, for the same term, including renewals, as the Agreement and upon the same
terms and conditions as described in the Agreement.
IN WITNESS WHEREOF, PIMS and PIC have signed this Amendment as of the
day and year first above written.
PRUDENTIAL INVESTMENTS THE PRUDENTIAL INVESTMENT
FUND MANAGEMENT LLC CORPORATION
By: /s/Robert F. Gunia By: /s/John R. Strangfeld, Jr.
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Name: Robert F. Gunia Name: John R. Strangfeld, Jr.
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Title: Executive Vice President Title: Chairman of the Board,
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and Chief Administrative President, Chief Executive
Officer Officer and Director
