<PAGE> PAGE 1
000 A000000 10/31/94
000 C000000 0000807394
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PRUDENTIAL MUNICIPAL BOND FUND
001 B000000 811-4930
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 Y
007 B000000 3
007 C010100 1
007 C020100 HIGH YIELD SERIES
007 C030100 N
007 C010200 2
007 C020200 INSURED SERIES
007 C030200 N
007 C010300 3
007 C020300 MODIFIED TERM SERIES
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 THE PRUDENTIAL INVESTMENT CORP.
008 B00AA01 S
008 C00AA01 801-12484
008 D01AA01 NEWARK
008 D02AA01 NJ
008 D03AA01 07101
008 A00AA02 PRUDENTIAL MUTUAL FUND MANAGEMENT, INC.
008 B00AA02 A
008 C00AA02 801-31104
008 D01AA02 NEW YORK
008 D02AA02 NY
008 D03AA02 10292
011 A00AA01 PRUDENTIAL SECURITIES INCORPORATED
<PAGE> PAGE 2
011 B00AA01 8-27154
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10292
011 A00AA02 PRUDENTIAL MUTUAL FUND DISTRIBUTORS, INC.
011 B00AA02 8-38739
011 C01AA02 NEW YORK
011 C02AA02 NY
011 C03AA02 10292
012 A00AA01 PRUDENTIAL MUTUAL FUND SERVICES, INC.
012 B00AA01 84-10019
012 C01AA01 NEW BRUNSWICK
012 C02AA01 NJ
012 C03AA01 08906
013 A00AA01 DELOITTE & TOUCHE
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 PRUDENTIAL SECURITIES INCORPORATED
014 B00AA01 8-27154
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 70
019 C00AA00 PRUDENTIAL
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001 35
020 A000002 BEAR, STEARNS & CO. INC.
020 B000002 13-3299429
020 C000002 4
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003 1
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 40
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 161392
022 D000001 153568
<PAGE> PAGE 3
022 A000002 MORGAN (J.P.) SECURITIES INC.
022 B000002 13-3224016
022 C000002 60866
022 D000002 61070
022 A000003 FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003 50878
022 D000003 58137
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000004 13-5674085
022 C000004 54911
022 D000004 53289
022 A000005 WILLIAM E. SIMON
022 B000005 22-3017217
022 C000005 41176
022 D000005 33905
022 A000006 GREENWICH SECURITIES, INC.
022 B000006 13-2697091
022 C000006 25231
022 D000006 36295
022 A000007 LEHMAN BROTHERS INC.ENRETTE SECURITIES CORP.
022 B000007 13-2518466
022 C000007 27465
022 D000007 27188
022 A000008 CHEMICAL SECURITIES, INC.
022 B000008 13-3379014
022 C000008 28685
022 D000008 22900
022 A000009 SMITH BARNEY SHEARSON, INC.
022 B000009 13-1912900
022 C000009 8005
022 D000009 41219
022 A000010 BAUM (GEORGE K.) & COMPANY
022 B000010 43-1661917
022 C000010 14683
022 D000010 24550
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<PAGE> PAGE 4
026 E000000 N
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026 G020000 N
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049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
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054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
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054 M00AA00 N
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054 O00AA00 N
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077 L000000 N
077 M000000 N
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<PAGE> PAGE 5
086 A010000 0
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<PAGE> PAGE 6
036 A000100 N
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<PAGE> PAGE 7
058 E000100 N
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064 A000100 N
064 B000100 Y
065 000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
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070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 Y
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
<PAGE> PAGE 8
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
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070 N020100 N
070 O010100 Y
070 O020100 Y
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070 Q020100 N
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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032 000200 0
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034 000200 Y
035 000200 753
036 A000200 N
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037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
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042 D000200 100
042 E000200 0
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043 000200 1823
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045 000200 Y
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<PAGE> PAGE 11
048 A020200 0.000
048 B010200 0
048 B020200 0.000
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048 C020200 0.000
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048 D020200 0.000
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048 E020200 0.000
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048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
058 A000200 N
058 B000200 N
058 C000200 N
058 D000200 N
058 E000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 1000
062 A000200 Y
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062 E000200 10.1
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<PAGE> PAGE 12
062 R000200 0.0
063 A000200 0
063 B000200 18.7
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 Y
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
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070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
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070 K010200 N
070 K020200 N
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
056 000300 N
057 000300 N
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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SIGNATURE SUSAN C. COTE'
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 001
<NAME> HIGH YIELD SERIES (CLASS A)
<S> <C>
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<SENIOR-LONG-TERM-DEBT> 0
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,102,236,608
<SHARES-COMMON-STOCK> 103,242,074
<SHARES-COMMON-PRIOR> 107,478,728
<ACCUMULATED-NII-CURRENT> 324,000
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,300,981)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (20,800,621)
<NET-ASSETS> 1,073,459,006
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 41,857,306
<OTHER-INCOME> 0
<EXPENSES-NET> 6,223,192
<NET-INVESTMENT-INCOME> 35,634,114
<REALIZED-GAINS-CURRENT> (2,203,921)
<APPREC-INCREASE-CURRENT> (33,157,494)
<NET-CHANGE-FROM-OPS> 272,699
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (35,634,114)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 63,547,862
<NUMBER-OF-SHARES-REDEEMED> (124,692,465)
<SHARES-REINVESTED> 15,834,613
<NET-CHANGE-IN-ASSETS> (80,671,405)
<ACCUMULATED-NII-PRIOR> 324,000
<ACCUMULATED-GAINS-PRIOR> (6,097,060)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 002
<NAME> HIGH YIELD SERIES (CLASS B)
<S> <C>
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<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
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<NUMBER-OF-SHARES-SOLD> 63,547,862
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 003
<NAME> HIGH YIELD SERIES (CLASS C)
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 1,088,401,397
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<NUMBER-OF-SHARES-SOLD> 63,547,862
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<SHARES-REINVESTED> 15,834,613
<NET-CHANGE-IN-ASSETS> (80,671,405)
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<ACCUMULATED-GAINS-PRIOR> (6,097,060)
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<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> (0.39)
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 004
<NAME> INSURED SERIES (CLASS A)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 680,723,896
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<ASSETS-OTHER> 101,213
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<NET-CHANGE-IN-ASSETS> (82,265,672)
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<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.38)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 005
<NAME> INSURED SERIES (CLASS B)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 006
<NAME> INSURED SERIES (CLASS C)
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 007
<NAME> MODIFIED TERM SERIES (CLASS A)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 008
<NAME> MODIFIED TERM SERIES (CLASS B)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND
<SERIES>
<NUMBER> 009
<NAME> MODIFIED TERM SERIES (CLASS C)
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-END> OCT-31-1994
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<NUMBER-OF-SHARES-SOLD> 9,258,214
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<NET-CHANGE-IN-ASSETS> (201,708)
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<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.22
<EXPENSE-RATIO> 2.30
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</TABLE>
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77C
Submission of Matters to a Vote of Security Holders
A special Meeting of Shareholders was called for July 19,
1994. At such meeting the shareholders approved the following
proposals.
a)Election of Trustees.
Affirmative Negative
votes cast votes cast
Edward D. Beach 109,364,808 8,812,878
Donald D. Lennox 109,401,844 8,775,842
Douglas H. McCorkindale 109,360,014 8,817,672
Lawrence C. McQuade 109,393,382 8,784,304
Thomas T. Mooney 109,367,336 8,810,350
Richard A. Redeker 109,393,995 8,783,691
Louis A. Weil, III 109,462,842 8,714,844
b)Approval of an amendment of the Fund's Declaration of Trust to
permit a conversion feature for Class B shares.
Affirmative Negative
votes cast votes cast
105,136,806 2,678,118
c) Approval of an amended and restated Class A Distribution and
Service Plan.
Affirmative Negative
votes cast votes cast
103,742,513 3,127,613
d) Approval of an amended and restated Class B Distribution and
Service Plan.
Affirmative Negative
votes cast votes cast
Class B 98,710,387 3,148,039
e)Approval of the elimination of each Portfolio's investment
restrictions regarding restricted and illiquid securities.
Affirmative Negative
votes cast votes cast
101,621,341 4,848,282
f) Approval of the elimination of the Series' investment restriction
limiting the Series' ability to invest in the securities of any
issuer in which officers and Directors of the Fund or officers and
directors of its investment adviser own more than a specified
interest.
Affirmative Negative
votes cast votes cast
99,833,823 6,724,327
MBF1094.77C
NSAR#3
For the six months ended (a) October 31, 1994
File number (c) 811-4930
SUB-ITEM 77I
Terms of New or Amended Securities
The Trustees approved the offering of a new class of shares,
to be designated Class C shares, which was offered simultaneously
with the offering of Class B shares with the proposed conversion
feature as of August 1, 1994. [See Submission of Matters to a Vote
of Security Holders, Item 77C].
MBF1094.77I
NSAR#3
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
Wayne Charter County Michigan Airport Revenue
2. Date of Purchase
4/15/94
3. Number of Securities Purchased
10,000
4. Dollar Amount of Purchase
$992,040
5. Price Per Unit
$99.204
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Lehman Brothers
7. Other Members of the Underwriting Syndicate
M.R. Beal & Company
Pryor, McClendon, Counts & Co., Inc.
Merrill Lynch & Co.
Smith Barney Shearson Inc.
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
City of Atlanta Airport Revenue
2. Date of Purchase
4/15/94
3. Number of Securities Purchased
20,000 - Due 01/01/06
20,000 - Due 01/01/09
20,000 - Due 01/01/10
4. Dollar Amount of Purchase
$2,143,700 - Due 01/01/06
$2,136,860 - Due 01/01/09
$2,132,000 - Due 01/01/10
5. Price Per Unit
$107.185 - Due 01/01/06
$106.843 - Due 01/01/09
$106.600 - Due 01/01/10
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Merrill Lynch & Co.
7. Other Members of the Underwriting Syndicate
Artemis Capital Group, Inc.
Lehman Brothers/Pryor, McClendon, Counts & Co., Inc.
PaineWebber Incorporated
M.R. Beal & Company
Apex Securities, Inc.
J.P. Morgan Securities Inc.
A.G. Edwards & Sons, Inc.
Estrada Hinojosa & Company, Inc.
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
Puerto Rico Electric Power Authority
2. Date of Purchase
4/22/94
3. Number of Securities Purchased
73,750
4. Dollar Amount of Purchase
$7,249,404
5. Price Per Unit
$98.297
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Bear, Stearns & Co. Inc.
7. Other Members of the Underwriting Syndicate
Goldman, Sachs & Co.
Lehman Brothers
Merrill Lynch & Co.
Donaldson, Lufkin & Jenrette Securities Corporation
CS First Boston
Kidder Peabody & Co. Incorporated
Lazard Freres & Co.
PaineWebber Incorporated
Prudential Securities Incorporated
Smith Barney Shearson Inc.
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
Puerto Rico Electric Power Authority
2. Date of Purchase
4/22/94
3. Number of Securities Purchased
15,000
4. Dollar Amount of Purchase
$1,494,150
5. Price Per Unit
$99.610
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Bear, Stearns & Co. Inc.
7. Other Members of the Underwriting Syndicate
Goldman, Sachs & Co.
Lehman Brothers
Merrill Lynch & Co.
Donaldson, Lufkin & Jenrette Securities Corporation
CS First Boston
Kidder Peabody & Co. Incorporated
Lazard Freres & Co.
PaineWebber Incorporated
Prudential Securities Incorporated
Smith Barney Shearson Inc.
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
New Jersey Economic Development Authority Revenues
2. Date of Purchase
7/14/94
3. Number of Securities Purchased
90,531 - Due 7/01/08
91,055 - Due 7/01/09
4. Dollar Amount of Purchase
$8,883,283
5. Price Per Unit
$98.124 - Due 7/01/08
$97.559 - Due 7/01/09
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Morgan Stanley & Co. Inc.
7. Other Members of the Underwriting Syndicate
Goldman, Sachs & Co., Inc.
J.P. Morgan Securities Inc.
Bear, Stearns & Co. Inc.
Merrill Lynch & Co.
PaineWebber Incorporated
Artemis Capital Group, Inc.
M.R. Beal & Company
E.A. Moos & Co. L.P.
Reinoso & Company Incorporated
Ryan, Beck & Co.
William E. Simon & Sons Municipal Securities, Inc.
For the six months ended (a) 10/31/94
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
New Jersey Economic Development Authority Revenues
2. Date of Purchase
7/14/94
3. Number of Securities Purchased
9,500
4. Dollar Amount of Purchase
$940,510
5. Price Per Unit
$90.001
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Bear, Stearns & Co., Inc.
Merrill Lynch & Co., Inc.
7. Other Members of the Underwriting Syndicate
Morgan Stanley & Co., Inc
Goldman, Sachs & Co.
J.P. Morgan Securities Inc.
PaineWebber Incorporated
Artemis Capital Group, Inc.
M.R. Beal & Company
E.A. Moos & Co. L.P.
Reinoso & Company Incorporated
Ryan, Beck & Co.
William E. Simon & Sons Municipal Securities, Inc.
