<PAGE> PAGE 1
000 A000000 10/31/97
000 C000000 0000807394
000 D000000 N
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000 F000000 Y
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007 C020100 HIGH YIELD SERIES
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007 C020200 INSURED SERIES
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007 C020300 INTERMEDIATE SERIES
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007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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<PAGE> PAGE 2
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011 A00AA02 PRUDENTIAL MUTUAL FUND DISTRIBUTORS, INC.
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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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
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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SIGNATURE GRACE TORRES
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES
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<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES (CLASS A)
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES
<SERIES>
<NUMBER> 002
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES (CLASS B)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 980,571,987
<INVESTMENTS-AT-VALUE> 1,049,609,186
<RECEIVABLES> 21,781,985
<ASSETS-OTHER> 28,535
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,071,419,706
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,853,837
<TOTAL-LIABILITIES> 3,853,837
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,016,623,091
<SHARES-COMMON-STOCK> 94,964,403
<SHARES-COMMON-PRIOR> 93,365,816
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,041,296)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 68,984,074
<NET-ASSETS> 1,067,565,869
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 35,321,046
<OTHER-INCOME> 0
<EXPENSES-NET> 4,694,929
<NET-INVESTMENT-INCOME> 30,626,117
<REALIZED-GAINS-CURRENT> 445,958
<APPREC-INCREASE-CURRENT> 37,563,099
<NET-CHANGE-FROM-OPS> 68,635,174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30,626,117)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88,776,645
<NUMBER-OF-SHARES-REDEEMED> (84,604,266)
<SHARES-REINVESTED> 13,515,590
<NET-CHANGE-IN-ASSETS> 55,697,026
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (18,487,254)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,528,168
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,520,739
<AVERAGE-NET-ASSETS> 666,042,000
<PER-SHARE-NAV-BEGIN> 10.84
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 1.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES
<SERIES>
<NUMBER> 003
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES (CLASS C)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 980,571,987
<INVESTMENTS-AT-VALUE> 1,049,609,186
<RECEIVABLES> 21,781,985
<ASSETS-OTHER> 28,535
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,071,419,706
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,853,837
<TOTAL-LIABILITIES> 3,853,837
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,016,623,091
<SHARES-COMMON-STOCK> 94,964,403
<SHARES-COMMON-PRIOR> 93,365,816
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,041,296)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 68,984,074
<NET-ASSETS> 1,067,565,869
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 35,321,046
<OTHER-INCOME> 0
<EXPENSES-NET> 4,694,929
<NET-INVESTMENT-INCOME> 30,626,117
<REALIZED-GAINS-CURRENT> 445,958
<APPREC-INCREASE-CURRENT> 37,563,099
<NET-CHANGE-FROM-OPS> 68,635,174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30,626,117)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88,776,645
<NUMBER-OF-SHARES-REDEEMED> (84,604,266)
<SHARES-REINVESTED> 13,515,590
<NET-CHANGE-IN-ASSETS> 55,697,026
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (18,487,254)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,528,168
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,520,739
<AVERAGE-NET-ASSETS> 12,145,000
<PER-SHARE-NAV-BEGIN> 10.84
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 1.28
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES
<SERIES>
<NUMBER> 004
<NAME> PRUDENTIAL MUNICIPAL BOND FUND HIGH YIELD SERIES (CLASS Z)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 980,571,987
<INVESTMENTS-AT-VALUE> 1,049,609,186
<RECEIVABLES> 21,781,985
<ASSETS-OTHER> 28,535
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,071,419,706
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,853,837
<TOTAL-LIABILITIES> 3,853,837
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,016,623,091
<SHARES-COMMON-STOCK> 94,964,403
<SHARES-COMMON-PRIOR> 93,365,816
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,041,296)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 68,984,074
<NET-ASSETS> 1,067,565,869
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 35,321,046
<OTHER-INCOME> 0
<EXPENSES-NET> 4,694,929
<NET-INVESTMENT-INCOME> 30,626,117
<REALIZED-GAINS-CURRENT> 445,958
<APPREC-INCREASE-CURRENT> 37,563,099
<NET-CHANGE-FROM-OPS> 68,635,174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30,626,117)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88,776,645
<NUMBER-OF-SHARES-REDEEMED> (84,604,266)
<SHARES-REINVESTED> 13,515,590
<NET-CHANGE-IN-ASSETS> 55,697,026
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (18,487,254)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,528,168
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,520,739
<AVERAGE-NET-ASSETS> 4,203,000
<PER-SHARE-NAV-BEGIN> 10.83
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.23
<EXPENSE-RATIO> 0.53
<AVG-DEBT-OUTSTANDING> 0.00
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES
<SERIES>
<NUMBER> 001
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES (CLASS A)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 468,304,869
<INVESTMENTS-AT-VALUE> 491,592,283
<RECEIVABLES> 22,514,554
<ASSETS-OTHER> 58,731
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 514,165,568
<PAYABLE-FOR-SECURITIES> 19,807,324
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,671,863
<TOTAL-LIABILITIES> 21,479,187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 458,445,874
<SHARES-COMMON-STOCK> 43,515,051
<SHARES-COMMON-PRIOR> 46,501,727
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,240,592
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,999,915
<NET-ASSETS> 492,686,381
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,765,960
<OTHER-INCOME> 0
<EXPENSES-NET> 2,316,715
<NET-INVESTMENT-INCOME> 11,449,245
<REALIZED-GAINS-CURRENT> 5,448,751
<APPREC-INCREASE-CURRENT> 13,366,055
<NET-CHANGE-FROM-OPS> 30,264,051
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,449,245)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,128,061
<NUMBER-OF-SHARES-REDEEMED> (45,840,484)
<SHARES-REINVESTED> 6,265,580
<NET-CHANGE-IN-ASSETS> (14,632,037)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,791,841
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,268,948
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,231,271
<AVERAGE-NET-ASSETS> 217,578,000
<PER-SHARE-NAV-BEGIN> 10.90
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.32
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES
<SERIES>
<NUMBER> 002
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES (CLASS B)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 468,304,869
<INVESTMENTS-AT-VALUE> 491,592,283
<RECEIVABLES> 22,514,554
<ASSETS-OTHER> 58,731
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 514,165,568
<PAYABLE-FOR-SECURITIES> 19,807,324
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,671,863
<TOTAL-LIABILITIES> 21,479,187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 458,445,874
<SHARES-COMMON-STOCK> 43,515,051
<SHARES-COMMON-PRIOR> 46,501,727
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,240,592
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,999,915
<NET-ASSETS> 492,686,381
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,765,960
<OTHER-INCOME> 0
<EXPENSES-NET> 2,316,715
<NET-INVESTMENT-INCOME> 11,449,245
<REALIZED-GAINS-CURRENT> 5,448,751
<APPREC-INCREASE-CURRENT> 13,366,055
<NET-CHANGE-FROM-OPS> 30,264,051
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,449,245)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,128,061
<NUMBER-OF-SHARES-REDEEMED> (45,840,484)
<SHARES-REINVESTED> 6,265,580
<NET-CHANGE-IN-ASSETS> (14,632,037)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,791,841
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,268,948
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,231,271
<AVERAGE-NET-ASSETS> 284,872,000
<PER-SHARE-NAV-BEGIN> 10.91
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.33
<EXPENSE-RATIO> 1.09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES
<SERIES>
<NUMBER> 003
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES (CLASS C)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 468,304,869
<INVESTMENTS-AT-VALUE> 491,592,283
<RECEIVABLES> 22,514,554
<ASSETS-OTHER> 58,731
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 514,165,568
<PAYABLE-FOR-SECURITIES> 19,807,324
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,671,863
<TOTAL-LIABILITIES> 21,479,187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 458,445,874
<SHARES-COMMON-STOCK> 43,515,051
<SHARES-COMMON-PRIOR> 46,501,727
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,240,592
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,999,915
<NET-ASSETS> 492,686,381
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,765,960
<OTHER-INCOME> 0
<EXPENSES-NET> 2,316,715
<NET-INVESTMENT-INCOME> 11,449,245
<REALIZED-GAINS-CURRENT> 5,448,751
<APPREC-INCREASE-CURRENT> 13,366,055
<NET-CHANGE-FROM-OPS> 30,264,051
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,449,245)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,128,061
<NUMBER-OF-SHARES-REDEEMED> (45,840,484)
<SHARES-REINVESTED> 6,265,580
<NET-CHANGE-IN-ASSETS> (14,632,037)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,791,841
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,268,948
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,231,271
<AVERAGE-NET-ASSETS> 898,000
<PER-SHARE-NAV-BEGIN> 10.91
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.33
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES
<SERIES>
<NUMBER> 004
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INSURED SERIES (CLASS Z)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 468,304,869
<INVESTMENTS-AT-VALUE> 491,592,283
<RECEIVABLES> 22,514,554
<ASSETS-OTHER> 58,731
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 514,165,568
<PAYABLE-FOR-SECURITIES> 19,807,324
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,671,863
<TOTAL-LIABILITIES> 21,479,187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 458,445,874
<SHARES-COMMON-STOCK> 43,515,051
<SHARES-COMMON-PRIOR> 46,501,727
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,240,592
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,999,915
<NET-ASSETS> 492,686,381
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,765,960
<OTHER-INCOME> 0
<EXPENSES-NET> 2,316,715
<NET-INVESTMENT-INCOME> 11,449,245
<REALIZED-GAINS-CURRENT> 5,448,751
<APPREC-INCREASE-CURRENT> 13,366,055
<NET-CHANGE-FROM-OPS> 30,264,051
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,449,245)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,128,061
<NUMBER-OF-SHARES-REDEEMED> (45,840,484)
<SHARES-REINVESTED> 6,265,580
<NET-CHANGE-IN-ASSETS> (14,632,037)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,791,841
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,268,948
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,231,271
<AVERAGE-NET-ASSETS> 94,000
<PER-SHARE-NAV-BEGIN> 11
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11
<EXPENSE-RATIO> 1
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES
<SERIES>
<NUMBER> 001
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES (CLASS A)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 40,060,503
<INVESTMENTS-AT-VALUE> 41,703,438
<RECEIVABLES> 719,672
<ASSETS-OTHER> 9,771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,432,881
<PAYABLE-FOR-SECURITIES> 1,003,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 213,923
<TOTAL-LIABILITIES> 1,216,958
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,358,188
<SHARES-COMMON-STOCK> 3,781,682
<SHARES-COMMON-PRIOR> 4,176,360
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 247,612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,610,123
<NET-ASSETS> 41,215,923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,151,352
<OTHER-INCOME> 0
<EXPENSES-NET> 330,076
<NET-INVESTMENT-INCOME> 821,276
<REALIZED-GAINS-CURRENT> 95,099
<APPREC-INCREASE-CURRENT> 1,161,978
<NET-CHANGE-FROM-OPS> 2,078,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (821,276)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,380,331
<NUMBER-OF-SHARES-REDEEMED> (6,160,857)
<SHARES-REINVESTED> 516,120
<NET-CHANGE-IN-ASSETS> (3,007,329)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 152,513
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 322,730
<AVERAGE-NET-ASSETS> 13,966,000
<PER-SHARE-NAV-BEGIN> 10.59
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.31
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.90
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES
<SERIES>
<NUMBER> 002
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES (CLASS B)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 40,060,503
<INVESTMENTS-AT-VALUE> 41,703,438
<RECEIVABLES> 719,672
<ASSETS-OTHER> 9,771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,432,881
<PAYABLE-FOR-SECURITIES> 1,003,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 213,923
<TOTAL-LIABILITIES> 1,216,958
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,358,188
<SHARES-COMMON-STOCK> 3,781,682
<SHARES-COMMON-PRIOR> 4,176,360
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 247,612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,610,123
<NET-ASSETS> 41,215,923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,151,352
<OTHER-INCOME> 0
<EXPENSES-NET> 330,076
<NET-INVESTMENT-INCOME> 821,276
<REALIZED-GAINS-CURRENT> 95,099
<APPREC-INCREASE-CURRENT> 1,161,978
<NET-CHANGE-FROM-OPS> 2,078,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (821,276)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,380,331
<NUMBER-OF-SHARES-REDEEMED> (6,160,857)
<SHARES-REINVESTED> 516,120
<NET-CHANGE-IN-ASSETS> (3,007,329)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 152,513
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 322,730
<AVERAGE-NET-ASSETS> 28,545,000
<PER-SHARE-NAV-BEGIN> 10.59
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 0.31
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.90
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES
<SERIES>
<NUMBER> 003
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES (CLASS C)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 40,060,503
<INVESTMENTS-AT-VALUE> 41,703,438
<RECEIVABLES> 719,672
<ASSETS-OTHER> 9,771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,432,881
<PAYABLE-FOR-SECURITIES> 1,003,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 213,923
<TOTAL-LIABILITIES> 1,216,958
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,358,188
<SHARES-COMMON-STOCK> 3,781,682
<SHARES-COMMON-PRIOR> 4,176,360
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 247,612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,610,123
<NET-ASSETS> 41,215,923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,151,352
<OTHER-INCOME> 0
<EXPENSES-NET> 330,076
<NET-INVESTMENT-INCOME> 821,276
<REALIZED-GAINS-CURRENT> 95,099
<APPREC-INCREASE-CURRENT> 1,161,978
<NET-CHANGE-FROM-OPS> 2,078,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (821,276)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,380,331
<NUMBER-OF-SHARES-REDEEMED> (6,160,857)
<SHARES-REINVESTED> 516,120
<NET-CHANGE-IN-ASSETS> (3,007,329)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 152,513
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 322,730
<AVERAGE-NET-ASSETS> 307,000
<PER-SHARE-NAV-BEGIN> 10.59
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.31
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.90
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807394
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES
<SERIES>
<NUMBER> 004
<NAME> PRUDENTIAL MUNICIPAL BOND FUND INTERMEDIATE SERIES (CLASS Z)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 40,060,503
<INVESTMENTS-AT-VALUE> 41,703,438
<RECEIVABLES> 719,672
<ASSETS-OTHER> 9,771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,432,881
<PAYABLE-FOR-SECURITIES> 1,003,035
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 213,923
<TOTAL-LIABILITIES> 1,216,958
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,358,188
<SHARES-COMMON-STOCK> 3,781,682
<SHARES-COMMON-PRIOR> 4,176,360
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 247,612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,610,123
<NET-ASSETS> 41,215,923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,151,352
<OTHER-INCOME> 0
<EXPENSES-NET> 330,076
<NET-INVESTMENT-INCOME> 821,276
<REALIZED-GAINS-CURRENT> 95,099
<APPREC-INCREASE-CURRENT> 1,161,978
<NET-CHANGE-FROM-OPS> 2,078,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (821,276)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,380,331
<NUMBER-OF-SHARES-REDEEMED> (6,160,857)
<SHARES-REINVESTED> 516,120
<NET-CHANGE-IN-ASSETS> (3,007,329)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 152,513
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 322,730
<AVERAGE-NET-ASSETS> 299,000
<PER-SHARE-NAV-BEGIN> 11
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11
<EXPENSE-RATIO> 1
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
For the six month period ended (a) 10/31/97
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
HIGH YIELD SERIES
1. Name of Issuer
New York City
2. Date of Purchase
4/11/97
3. Number of Securities Purchased
50,000
4. Dollar Amount of Purchase
$4,906,950
5. Price Per Unit
$98.139
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Smith Barney
7. Other Members of the Underwriting Syndicate
Smith Barney
Merrill Lynch & Co.
Artemis Capital Group
Goldman, Sachs, & Co.
Prudential Securities Inc.
First Albany Corp.
Pryor, McClendon, Counts & Co., Inc.
JP Morgan & Co.
Morgan Stanley & Co.
Cambridge Partners LLC
Samuel A. Ramirez & Co.
PaineWebber Inc.
Bear, Stearns & Co. Inc.
Lehman Brothers
William E. Simon & Sons
M.R. Beal & Company
A.G. Edwards & Sons
Lebenthal & Co., Inc.
Oppenheimer & Co, Inc.
Advest, Inc.
Roosevelt & Cross Incorporated
Siebert Brandford Shank & Co.
For the six month period ended (a) 10/31/97
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
INSURED SERIES
1. Name of Issuer
Puerto Rico Elec Pwr Auth
2. Date of Purchase
5/9/97
3. Number of Securities Purchased
70,000
4. Dollar Amount of Purchase
$6,925,240
5. Price Per Unit
$98.932
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Bear Sterns
7. Other Members of the Underwriting Syndicate
Smith Barney
Merrill Lynch & Co.
Goldman, Sachs, & Co.
Prudential Securities Inc.
Morgan Stanley & Co.
PaineWebber Inc.
Lehman Brothers
Citicorp Securities
Bear, Sterns & Co. Inc.
Oriental Financial Services Corp.
Clark Melvin Securities Incorporated
Dean Witter Reynolds, Inc.
For the six month period ended (a) 10/31/97
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
INSURED SERIES
1. Name of Issuer
Puerto Rico Commonwealth Pub Inpt GO Ult
2. Date of Purchase
4/11/97
3. Number of Securities Purchased
57,000
4. Dollar Amount of Purchase
$5,880,177
5. Price Per Unit
$103.161
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Morgan Stanley
7. Other Members of the Underwriting Syndicate
Smith Barney
Merrill Lynch & Co.
Goldman, Sachs, & Co.
Prudential Securities Inc.
Morgan Stanley & Co.
PaineWebber Inc.
Lehman Brothers
Citicorp Securities
Bear, Sterns & Co. Inc.
Oriental Financial Services Corp.
Clark Melvin Securities Incorporated
Dean Witter Reynolds, Inc.
For the six month period ended (a) 10/31/97
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
INTERMEDIATE SERIES
1. Name of Issuer
Maine St. Hsg. Auth Mtg
2. Date of Purchase
8/28/97
3. Number of Securities Purchased
12,000
4. Dollar Amount of Purchase
$1,200,000
5. Price Per Unit
$100.000
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Goldman Sachs
7. Other Members of the Underwriting Syndicate
Smith Barney
Goldman, Sachs, & Co.
Prudential Securities Inc.
Morgan Stanley & Co.
PaineWebber Inc.
John Nuveen & Co. Inc.
A.G. Edwards & Sons, Inc.
Fleet Securities, Inc.
Key Capital Markets, Inc.
For the six month period ended (a) 10/31/97
File number (c) 811-4930
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
INSURED SERIES
1. Name of Issuer
Maine St. Hsg. Auth Mtg
2. Date of Purchase
8/28/97
3. Number of Securities Purchased
12,000
4. Dollar Amount of Purchase
$1,200,000
5. Price Per Unit
$100.000
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Goldman Sachs
7. Other Members of the Underwriting Syndicate
Smith Barney
Goldman, Sachs, & Co.
Prudential Securities Inc.
Morgan Stanley & Co.
PaineWebber Inc.
John Nuveen & Co. Inc.
A.G. Edwards & Sons, Inc.
Fleet Securities, Inc.
Key Capital Markets, Inc.
