<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 0000803191
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PRUDENTIAL EQUITY INCOME FUND
001 B000000 811-4864
001 C000000 2122141250
002 A000000 199 WATER STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10292
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 THE PRUDENTIAL INVESTMENT CORPORATION
008 B000001 S
008 C000001 801-22808
008 D010001 NEWARK
008 D020001 NJ
008 D030001 07101
008 A000002 PRUDENTIAL MUTUAL FUND MANAGEMENT, INC.
008 B000002 A
008 C000002 801-31104
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10292
011 A000001 PRUDENTIAL MUTUAL FUND DISTRIBUTORS, INC.
011 B000001 8-38739
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10292
011 A000002 PRUDENTIAL SECURITIES INCORPORATED
011 B000002 8-27154
<PAGE> PAGE 2
011 C010002 NEW YORK
011 C020002 NY
011 C030002 10292
012 A000001 PRUDENTIAL MUTUAL FUND SERVICES, INC.
012 B000001 84-4110019
012 C010001 NEW BRUNSWICK
012 C020001 NJ
012 C030001 08906
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 PRUDENTIAL SECURITIES INCORPORATED
014 B000001 8-27154
014 A000002 PRUCO SECURITIES CORP.
014 B000002 8-16402
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 NORTH QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 71
019 C000000 PRUDENTIAL
020 A000001 PRUDENTIAL SECURITIES INCORPORATED
020 B000001 22-2347336
020 C000001 73
020 A000002 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000002 13-5674085
020 C000002 112
020 A000003 PAINEWEBBER INC.
020 B000003 13-2638166
020 C000003 93
020 A000004 CANTOR FITZGERALD & CO.
020 B000004 13-3680187
020 C000004 82
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005 73
020 A000006 OPPENHEIMER & CO., INC.
020 B000006 13-2798343
020 C000006 58
020 A000007 SALOMON BROTHERS, INC.
020 B000007 13-3082694
020 C000007 57
020 A000008 MORGAN (J.P.) SECURITIES, INC.
020 B000008 13-3224016
020 C000008 52
020 A000009 C.S. FIRST BOSTON CORP.
<PAGE> PAGE 3
020 B000009 13-5659485
020 C000009 50
020 A000010 LEHMAN BROTHERS, INC.
020 B000010 13-2518466
020 C000010 47
021 000000 1102
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 1226558
022 D000001 2669
022 A000002 SMITH BARNEY INC.
022 B000002 13-1912900
022 C000002 1178779
022 D000002 832
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003 1079609
022 D000003 0
022 A000004 BEAR, STEARNS & CO., INC.
022 B000004 13-3299429
022 C000004 899160
022 D000004 0
022 A000005 C.S. FIRST BOSTON CORP.
022 B000005 13-5659485
022 C000005 512639
022 D000005 0
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-2518466
022 C000006 230705
022 D000006 4236
022 A000007 MORGAN (J.P.) SECURITIES, INC.
022 B000007 13-3224016
022 C000007 193487
022 D000007 0
022 A000008 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000008 13-2642206
022 C000008 179340
022 D000008 0
022 A000009 BANKERS TRUST CO.
022 B000009 13-4941247
022 C000009 113467
022 D000009 0
022 A000010 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000010 13-5674085
022 C000010 74680
022 D000010 295
023 C000000 5972130
023 D000000 117777
024 000000 Y
025 A000001 BEAR, STEARNS & CO., INC.
025 B000001 13-3299429
<PAGE> PAGE 4
025 C000001 D
025 D000001 3625
025 A000002 MORGAN STANLEY & CO., INC.
025 B000002 13-2655998
025 C000002 D
025 D000002 6525
025 A000003 C.S. FIRST BOSTON CORP.
025 B000003 13-5659485
025 C000003 D
025 D000003 6525
025 A000004 BEAR, STEARNS & CO., INC.
025 B000004 13-3299429
025 C000004 E
025 D000004 18635
025 A000005 LEHMAN BROTHERS, INC.
025 B000005 13-2518466
025 C000005 E
025 D000005 29289
025 A000006 MORGAN STANLEY
025 B000006 13-2655998
025 C000006 E
025 D000006 6950
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 30078
028 A020000 0
028 A030000 0
028 A040000 24390
028 B010000 27776
028 B020000 50740
028 B030000 0
028 B040000 27987
028 C010000 24858
028 C020000 0
028 C030000 0
028 C040000 25004
028 D010000 18691
028 D020000 0
028 D030000 0
028 D040000 23561
028 E010000 26717
<PAGE> PAGE 5
028 E020000 6767
028 E030000 0
028 E040000 34397
028 F010000 24373
028 F020000 0
028 F030000 0
028 F040000 25070
028 G010000 152493
028 G020000 57507
028 G030000 0
028 G040000 160409
028 H000000 48484
029 000000 Y
030 A000000 320
030 B000000 5.25
030 C000000 0.50
031 A000000 16
031 B000000 0
032 000000 0
033 000000 304
034 000000 Y
035 000000 1354
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 4680
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.600
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
<PAGE> PAGE 6
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 500000
048 K020000 0.500
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
<PAGE> PAGE 7
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
<PAGE> PAGE 8
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 395698
071 B000000 364511
071 C000000 1042549
071 D000000 35
072 A000000 6
072 B000000 4110
072 C000000 20421
072 D000000 0
072 E000000 0
072 F000000 2945
072 G000000 0
072 H000000 0
072 I000000 773
072 J000000 103
072 K000000 0
072 L000000 177
072 M000000 19
072 N000000 106
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 18
072 S000000 23
072 T000000 4680
072 U000000 0
072 V000000 0
072 W000000 18
072 X000000 8862
072 Y000000 0
072 Z000000 15669
072AA000000 27209
072BB000000 40291
072CC010000 59418
072CC020000 0
072DD010000 17422
072DD020000 4197
072EE000000 41662
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 48
074 B000000 19881
<PAGE> PAGE 9
074 C000000 0
074 D000000 78331
074 E000000 180085
074 F000000 868661
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 14685
074 K000000 0
074 L000000 6789
074 M000000 30
074 N000000 1168510
074 O000000 8016
074 P000000 1286
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 3876
074 S000000 0
074 T000000 1155332
074 U010000 64043
074 U020000 18933
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 141395
074 Y000000 0
075 A000000 0
075 B000000 1087823
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
<PAGE> PAGE 10
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 50
081 A000000 Y
081 B000000 81
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE SUSAN C. COTE'
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803191
<NAME> PRUDENTIAL EQUITY INCOME FUND
<SERIES>
<NUMBER> 001
<NAME> PRUDENTIAL EQUITY INCOME FUND (CLASS A)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 1,063,440,548
<INVESTMENTS-AT-VALUE> 1,146,957,760
<RECEIVABLES> 21,473,956
<ASSETS-OTHER> 77,844
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,168,509,560
<PAYABLE-FOR-SECURITIES> 8,015,725
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,161,576
<TOTAL-LIABILITIES> 13,177,301
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,077,509,579
<SHARES-COMMON-STOCK> 82,976,623
<SHARES-COMMON-PRIOR> 79,064,188
<ACCUMULATED-NII-CURRENT> 7,950,101
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13,631,919)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 83,504,498
<NET-ASSETS> 1,155,332,259
<DIVIDEND-INCOME> 20,420,943
<INTEREST-INCOME> 4,110,287
<OTHER-INCOME> 0
<EXPENSES-NET> 8,862,510
<NET-INVESTMENT-INCOME> 15,668,720
<REALIZED-GAINS-CURRENT> (13,082,353)
<APPREC-INCREASE-CURRENT> 59,417,538
<NET-CHANGE-FROM-OPS> 62,003,905
<EQUALIZATION> 38,992
<DISTRIBUTIONS-OF-INCOME> (21,619,277)
<DISTRIBUTIONS-OF-GAINS> (41,662,134)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 152,493,616
<NUMBER-OF-SHARES-REDEEMED> (160,408,987)
<SHARES-REINVESTED> 57,507,057
<NET-CHANGE-IN-ASSETS> 48,353,172
<ACCUMULATED-NII-PRIOR> 13,861,666
<ACCUMULATED-GAINS-PRIOR> 41,112,568
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,945,150
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,862,510
<AVERAGE-NET-ASSETS> 192,144,000
<PER-SHARE-NAV-BEGIN> 14.03
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 0.53
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> (0.53)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.95
<EXPENSE-RATIO> 1.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803191
<NAME> PRUDENTIAL EQUITY INCOME FUND
<SERIES>
<NUMBER> 002
<NAME> PRUDENTIAL EQUITY INCOME FUND (CLASS B)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 1,063,440,548
<INVESTMENTS-AT-VALUE> 1,146,957,760
<RECEIVABLES> 21,473,956
<ASSETS-OTHER> 77,844
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,168,509,560
<PAYABLE-FOR-SECURITIES> 8,015,725
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,161,576
<TOTAL-LIABILITIES> 13,177,301
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,077,509,579
<SHARES-COMMON-STOCK> 82,976,623
<SHARES-COMMON-PRIOR> 79,064,188
<ACCUMULATED-NII-CURRENT> 7,950,101
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13,631,919)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 83,504,498
<NET-ASSETS> 1,155,332,259
<DIVIDEND-INCOME> 20,420,943
<INTEREST-INCOME> 4,110,287
<OTHER-INCOME> 0
<EXPENSES-NET> 8,862,510
<NET-INVESTMENT-INCOME> 15,668,720
<REALIZED-GAINS-CURRENT> (13,082,353)
<APPREC-INCREASE-CURRENT> 59,417,538
<NET-CHANGE-FROM-OPS> 62,003,905
<EQUALIZATION> 38,992
<DISTRIBUTIONS-OF-INCOME> (21,619,277)
<DISTRIBUTIONS-OF-GAINS> (41,662,134)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 152,493,616
<NUMBER-OF-SHARES-REDEEMED> (160,408,987)
<SHARES-REINVESTED> 57,507,057
<NET-CHANGE-IN-ASSETS> 48,353,172
<ACCUMULATED-NII-PRIOR> 13,861,666
<ACCUMULATED-GAINS-PRIOR> 41,112,568
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,945,150
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,862,510
<AVERAGE-NET-ASSETS> 893,465,000
<PER-SHARE-NAV-BEGIN> 14.00
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.53
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (0.53)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.92
<EXPENSE-RATIO> 1.79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803191
<NAME> PRUDENTIAL EQUITY INCOME FUND
<SERIES>
<NUMBER> 003
<NAME> PRUDENTIAL EQUITY INCOME FUND (CLASS C)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 1,063,440,548
<INVESTMENTS-AT-VALUE> 1,146,957,760
<RECEIVABLES> 21,473,956
<ASSETS-OTHER> 77,844
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,168,509,560
<PAYABLE-FOR-SECURITIES> 8,015,725
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,161,576
<TOTAL-LIABILITIES> 13,177,301
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,077,509,579
<SHARES-COMMON-STOCK> 82,976,623
<SHARES-COMMON-PRIOR> 79,064,188
<ACCUMULATED-NII-CURRENT> 7,950,101
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13,631,919)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 83,504,498
<NET-ASSETS> 1,155,332,259
<DIVIDEND-INCOME> 20,420,943
<INTEREST-INCOME> 4,110,287
<OTHER-INCOME> 0
<EXPENSES-NET> 8,862,510
<NET-INVESTMENT-INCOME> 15,668,720
<REALIZED-GAINS-CURRENT> (13,082,353)
<APPREC-INCREASE-CURRENT> 59,417,538
<NET-CHANGE-FROM-OPS> 62,003,905
<EQUALIZATION> 38,992
<DISTRIBUTIONS-OF-INCOME> (21,619,277)
<DISTRIBUTIONS-OF-GAINS> (41,662,134)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 152,493,616
<NUMBER-OF-SHARES-REDEEMED> (160,408,987)
<SHARES-REINVESTED> 57,507,057
<NET-CHANGE-IN-ASSETS> 48,353,172
<ACCUMULATED-NII-PRIOR> 13,861,666
<ACCUMULATED-GAINS-PRIOR> 41,112,568
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,945,150
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,862,510
<AVERAGE-NET-ASSETS> 2,214,000
<PER-SHARE-NAV-BEGIN> 14.00
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.53
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (0.53)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.92
<EXPENSE-RATIO> 1.78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
