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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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
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[NAME] PRUDENTIAL MUNICIPAL BOND FUND
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[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 1,094,545,172
[INVESTMENTS-AT-VALUE] 1,181,594,773
[RECEIVABLES] 30,165,264
[ASSETS-OTHER] 29,717
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,211,789,754
[PAYABLE-FOR-SECURITIES] 16,742,990
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,205,501
[TOTAL-LIABILITIES] 21,948,491
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,124,153,830
[SHARES-COMMON-STOCK] 104,390,671
[SHARES-COMMON-PRIOR] 99,154,705
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (21,205,918)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 86,893,351
[NET-ASSETS] 1,189,841,263
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 37,187,529
[OTHER-INCOME] 0
[EXPENSES-NET] 4,951,409
[NET-INVESTMENT-INCOME] 32,236,120
[REALIZED-GAINS-CURRENT] 3,732,183
[APPREC-INCREASE-CURRENT] 5,120,782
[NET-CHANGE-FROM-OPS] 41,089,085
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (32,235,847)
[NUMBER-OF-SHARES-SOLD] 127,386,475
[NUMBER-OF-SHARES-REDEEMED] (82,360,230)
[SHARES-REINVESTED] 14,731,460
[NET-CHANGE-IN-ASSETS] 68,610,943
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (18,041,296)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,876,344
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,657,185
[AVERAGE-NET-ASSETS] 670,282,000
[PER-SHARE-NAV-BEGIN] 11.31
[PER-SHARE-NII] 0.31
[PER-SHARE-GAIN-APPREC] 0.09
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.31)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.40
[EXPENSE-RATIO] 1.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 003
[NAME] HIGH INCOME SERIES (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 1,094,545,172
[INVESTMENTS-AT-VALUE] 1,181,594,773
[RECEIVABLES] 30,165,264
[ASSETS-OTHER] 29,717
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,211,789,754
[PAYABLE-FOR-SECURITIES] 16,742,990
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,205,501
[TOTAL-LIABILITIES] 21,948,491
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,124,153,830
[SHARES-COMMON-STOCK] 104,390,671
[SHARES-COMMON-PRIOR] 99,154,705
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (21,205,918)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 86,893,351
[NET-ASSETS] 1,189,841,263
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 37,187,529
[OTHER-INCOME] 0
[EXPENSES-NET] 4,951,409
[NET-INVESTMENT-INCOME] 32,236,120
[REALIZED-GAINS-CURRENT] 3,732,183
[APPREC-INCREASE-CURRENT] 5,120,782
[NET-CHANGE-FROM-OPS] 41,089,085
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (32,235,847)
[NUMBER-OF-SHARES-SOLD] 127,386,475
[NUMBER-OF-SHARES-REDEEMED] (82,360,230)
[SHARES-REINVESTED] 14,731,460
[NET-CHANGE-IN-ASSETS] 68,610,943
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (18,041,296)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,876,344
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,657,185
[AVERAGE-NET-ASSETS] 23,164,000
[PER-SHARE-NAV-BEGIN] 11.31
[PER-SHARE-NII] 0.30
[PER-SHARE-GAIN-APPREC] 0.09
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.30)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.40
[EXPENSE-RATIO] 1.26
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 004
[NAME] HIGH INCOME SERIES (CLASS Z)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 1,094,545,172
[INVESTMENTS-AT-VALUE] 1,181,594,773
[RECEIVABLES] 30,165,264
[ASSETS-OTHER] 29,717
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,211,789,754
[PAYABLE-FOR-SECURITIES] 16,742,990
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,205,501
[TOTAL-LIABILITIES] 21,948,491
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,124,153,830
[SHARES-COMMON-STOCK] 104,390,671
[SHARES-COMMON-PRIOR] 99,154,705
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (21,205,918)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 86,893,351
[NET-ASSETS] 1,189,841,263
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 37,187,529
[OTHER-INCOME] 0
[EXPENSES-NET] 4,951,409
[NET-INVESTMENT-INCOME] 32,236,120
[REALIZED-GAINS-CURRENT] 3,732,183
[APPREC-INCREASE-CURRENT] 5,120,782
[NET-CHANGE-FROM-OPS] 41,089,085
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (32,235,847)
[NUMBER-OF-SHARES-SOLD] 127,386,475
[NUMBER-OF-SHARES-REDEEMED] (82,360,230)
[SHARES-REINVESTED] 14,731,460
[NET-CHANGE-IN-ASSETS] 68,610,943
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (18,041,296)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,876,344
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,657,185
[AVERAGE-NET-ASSETS] 12,523,000
[PER-SHARE-NAV-BEGIN] 11.30
[PER-SHARE-NII] 0.34
[PER-SHARE-GAIN-APPREC] 0.09
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.34)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.39
[EXPENSE-RATIO] 0.51
[AVG-DEBT-OUTSTANDING] 0.00
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 001
[NAME] INSURED SERIES (CLASS A)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-98
[INVESTMENTS-AT-COST] 419,358,541
[INVESTMENTS-AT-VALUE] 453,847,271
[RECEIVABLES] 6,358,191
[ASSETS-OTHER] 11,654
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 460,217,116
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,729,186
[TOTAL-LIABILITIES] 1,729,186
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 419,849,993
[SHARES-COMMON-STOCK] 40,094,636
[SHARES-COMMON-PRIOR] 41,860,157
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,138,269
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 34,499,668
[NET-ASSETS] 458,487,930
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 12,467,082
[OTHER-INCOME] 0
[EXPENSES-NET] 2,116,987
[NET-INVESTMENT-INCOME] 10,350,095
[REALIZED-GAINS-CURRENT] 1,708,058
[APPREC-INCREASE-CURRENT] 13,988,014
[NET-CHANGE-FROM-OPS] 26,046,167
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (10,350,095)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,461,458
[NUMBER-OF-SHARES-REDEEMED] (52,165,689)
[SHARES-REINVESTED] 5,790,482
[NET-CHANGE-IN-ASSETS] (4,217,677)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 2,658,872
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,165,318
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,116,987
[AVERAGE-NET-ASSETS] 233,396,000
[PER-SHARE-NAV-BEGIN] 11.05
[PER-SHARE-NII] 0.26
[PER-SHARE-GAIN-APPREC] 0.38
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.26)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.43
[EXPENSE-RATIO] 0.72
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 002
[NAME] INSURED SERIES (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-98
[INVESTMENTS-AT-COST] 419,358,541
[INVESTMENTS-AT-VALUE] 453,847,271
[RECEIVABLES] 6,358,191
[ASSETS-OTHER] 11,654
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 460,217,116
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,729,186
[TOTAL-LIABILITIES] 1,729,186
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 419,849,993
[SHARES-COMMON-STOCK] 40,094,636
[SHARES-COMMON-PRIOR] 41,860,157
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,138,269
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 34,499,668
[NET-ASSETS] 458,487,930
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 12,467,082
[OTHER-INCOME] 0
[EXPENSES-NET] 2,116,987
[NET-INVESTMENT-INCOME] 10,350,095
[REALIZED-GAINS-CURRENT] 1,708,058
[APPREC-INCREASE-CURRENT] 13,988,014
[NET-CHANGE-FROM-OPS] 26,046,167
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (10,350,095)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,461,458
[NUMBER-OF-SHARES-REDEEMED] (52,165,689)
[SHARES-REINVESTED] 5,790,482
[NET-CHANGE-IN-ASSETS] (4,217,677)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 2,658,872
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,165,318
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,116,987
[AVERAGE-NET-ASSETS] 224,329,000
[PER-SHARE-NAV-BEGIN] 11.06
[PER-SHARE-NII] 0.23
[PER-SHARE-GAIN-APPREC] 0.38
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.23)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.44
[EXPENSE-RATIO] 1.12
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 003
[NAME] INSURED SERIES (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-98
[INVESTMENTS-AT-COST] 419,358,541
[INVESTMENTS-AT-VALUE] 453,847,271
[RECEIVABLES] 6,358,191
[ASSETS-OTHER] 11,654
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 460,217,116
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,729,186
[TOTAL-LIABILITIES] 1,729,186
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 419,849,993
[SHARES-COMMON-STOCK] 40,094,636
[SHARES-COMMON-PRIOR] 41,860,157
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,138,269
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 34,499,668
[NET-ASSETS] 458,487,930
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 12,467,082
[OTHER-INCOME] 0
[EXPENSES-NET] 2,116,987
[NET-INVESTMENT-INCOME] 10,350,095
[REALIZED-GAINS-CURRENT] 1,708,058
[APPREC-INCREASE-CURRENT] 13,988,014
[NET-CHANGE-FROM-OPS] 26,046,167
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (10,350,095)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,461,458
[NUMBER-OF-SHARES-REDEEMED] (52,165,689)
[SHARES-REINVESTED] 5,790,482
[NET-CHANGE-IN-ASSETS] (4,217,677)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 2,658,872
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,165,318
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,116,987
[AVERAGE-NET-ASSETS] 1,547,000
[PER-SHARE-NAV-BEGIN] 11.06
[PER-SHARE-NII] 0.22
[PER-SHARE-GAIN-APPREC] 0.38
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.22)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.44
[EXPENSE-RATIO] 1.37
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 004
[NAME] INSURED SERIES (CLASS Z)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-98
[INVESTMENTS-AT-COST] 419,358,541
[INVESTMENTS-AT-VALUE] 453,847,271
[RECEIVABLES] 6,358,191
[ASSETS-OTHER] 11,654
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 460,217,116
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,729,186
[TOTAL-LIABILITIES] 1,729,186
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 419,849,993
[SHARES-COMMON-STOCK] 40,094,636
[SHARES-COMMON-PRIOR] 41,860,157
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,138,269
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 34,499,668
[NET-ASSETS] 458,487,930
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 12,467,082
[OTHER-INCOME] 0
[EXPENSES-NET] 2,116,987
[NET-INVESTMENT-INCOME] 10,350,095
[REALIZED-GAINS-CURRENT] 1,708,058
[APPREC-INCREASE-CURRENT] 13,988,014
[NET-CHANGE-FROM-OPS] 26,046,167
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (10,350,095)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,461,458
[NUMBER-OF-SHARES-REDEEMED] (52,165,689)
[SHARES-REINVESTED] 5,790,482
[NET-CHANGE-IN-ASSETS] (4,217,677)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 2,658,872
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,165,318
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,116,987
[AVERAGE-NET-ASSETS] 3,055,000
[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
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 001
[NAME] INTERMEDIATE SERIES (CLASS A)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 36,852,043
[INVESTMENTS-AT-VALUE] 38,799,284
[RECEIVABLES] 606,231
[ASSETS-OTHER] 41,821
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 39,447,336
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,265,706
[TOTAL-LIABILITIES] 1,265,706
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 35,702,062
[SHARES-COMMON-STOCK] 3,446,798
[SHARES-COMMON-PRIOR] 3,586,699
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 532,327
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,947,241
[NET-ASSETS] 38,181,630
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,017,205
[OTHER-INCOME] 0
[EXPENSES-NET] 259,767
[NET-INVESTMENT-INCOME] 757,438
[REALIZED-GAINS-CURRENT] 241,751
[APPREC-INCREASE-CURRENT] 682,709
[NET-CHANGE-FROM-OPS] 1,681,898
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (757,438)
[NUMBER-OF-SHARES-SOLD] 2,302,470
[NUMBER-OF-SHARES-REDEEMED] (4,317,281)
[SHARES-REINVESTED] 485,616
[NET-CHANGE-IN-ASSETS] (604,735)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 290,576
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 97,126
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 259,590
[AVERAGE-NET-ASSETS] 13,818,000
[PER-SHARE-NAV-BEGIN] 10.81
[PER-SHARE-NII] 0.22
[PER-SHARE-GAIN-APPREC] 0.27
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.22)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.08
[EXPENSE-RATIO] 1.18
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 002
[NAME] INTERMEDIATE SERIES (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 36,852,043
[INVESTMENTS-AT-VALUE] 38,799,284
[RECEIVABLES] 606,231
[ASSETS-OTHER] 41,821
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 39,447,336
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,265,706
[TOTAL-LIABILITIES] 1,265,706
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 35,702,062
[SHARES-COMMON-STOCK] 3,446,798
[SHARES-COMMON-PRIOR] 3,586,699
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 532,327
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,947,241
[NET-ASSETS] 38,181,630
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,017,205
[OTHER-INCOME] 0
[EXPENSES-NET] 259,767
[NET-INVESTMENT-INCOME] 757,438
[REALIZED-GAINS-CURRENT] 241,751
[APPREC-INCREASE-CURRENT] 682,709
[NET-CHANGE-FROM-OPS] 1,681,898
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (757,438)
[NUMBER-OF-SHARES-SOLD] 2,302,470
[NUMBER-OF-SHARES-REDEEMED] (4,317,281)
[SHARES-REINVESTED] 485,616
[NET-CHANGE-IN-ASSETS] (604,735)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 290,576
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 97,126
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 259,590
[AVERAGE-NET-ASSETS] 22,167,000
[PER-SHARE-NAV-BEGIN] 10.81
[PER-SHARE-NII] 0.21
[PER-SHARE-GAIN-APPREC] 0.27
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.21)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.08
[EXPENSE-RATIO] 1.44
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 003
[NAME] INTERMEDIATE SERIES (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 36,852,043
[INVESTMENTS-AT-VALUE] 38,799,284
[RECEIVABLES] 606,231
[ASSETS-OTHER] 41,821
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 39,447,336
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,265,706
[TOTAL-LIABILITIES] 1,265,706
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 35,702,062
[SHARES-COMMON-STOCK] 3,446,798
[SHARES-COMMON-PRIOR] 3,586,699
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 532,327
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,947,241
[NET-ASSETS] 38,181,630
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,017,205
[OTHER-INCOME] 0
[EXPENSES-NET] 259,767
[NET-INVESTMENT-INCOME] 757,438
[REALIZED-GAINS-CURRENT] 241,751
[APPREC-INCREASE-CURRENT] 682,709
[NET-CHANGE-FROM-OPS] 1,681,898
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (757,438)
[NUMBER-OF-SHARES-SOLD] 2,302,470
[NUMBER-OF-SHARES-REDEEMED] (4,317,281)
[SHARES-REINVESTED] 485,616
[NET-CHANGE-IN-ASSETS] (604,735)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 290,576
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 97,126
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 259,590
[AVERAGE-NET-ASSETS] 467,000
[PER-SHARE-NAV-BEGIN] 10.81
[PER-SHARE-NII] 0.19
[PER-SHARE-GAIN-APPREC] 0.27
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.19)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.08
[EXPENSE-RATIO] 1.65
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000807394
[NAME] PRUDENTIAL MUNICIPAL BOND FUND
[SERIES]
[NUMBER] 004
[NAME] INTERMEDIATE SERIES (CLASS Z)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] OCT-31-1998
[INVESTMENTS-AT-COST] 36,852,043
[INVESTMENTS-AT-VALUE] 38,799,284
[RECEIVABLES] 606,231
[ASSETS-OTHER] 41,821
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 39,447,336
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,265,706
[TOTAL-LIABILITIES] 1,265,706
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 35,702,062
[SHARES-COMMON-STOCK] 3,446,798
[SHARES-COMMON-PRIOR] 3,586,699
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 532,327
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,947,241
[NET-ASSETS] 38,181,630
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,017,205
[OTHER-INCOME] 0
[EXPENSES-NET] 259,767
[NET-INVESTMENT-INCOME] 757,438
[REALIZED-GAINS-CURRENT] 241,751
[APPREC-INCREASE-CURRENT] 682,709
[NET-CHANGE-FROM-OPS] 1,681,898
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (757,438)
[NUMBER-OF-SHARES-SOLD] 2,302,470
[NUMBER-OF-SHARES-REDEEMED] (4,317,281)
[SHARES-REINVESTED] 485,616
[NET-CHANGE-IN-ASSETS] (604,735)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 290,576
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 97,126
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 259,590
[AVERAGE-NET-ASSETS] 907,000
[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 INCOME SERIES
1. Name of Issuer
Long Island Power Authority
2. Date of Purchase
5/14/98
3. Number of Securities Purchased
15,000
4. Dollar Amount of Purchase
$1,484,475
5. Price Per Unit
$98.965
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Bear Stearns
7. Other Members of the Underwriting Syndicate
Salomon Smith Barney
Merrill Lynch & Co.
Artemis Capital Group
Prudential Securities Inc.
First Albany Corp.
JP Morgan & Co.
Morgan Stanley Dean Witter
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
ABN AMRO Inc.
J.C. Bradford & Co.
Key Capital Markets, Inc.
Fleet Securities
Dain Rauscher, Inc.
Raymond James and Associates, Inc.
David Lerner Associates
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 INCOME SERIES
1. Name of Issuer
Southeast WI Professional Baseball Park District
2. Date of Purchase
9/3/98
3. Number of Securities Purchased
25,000
4. Dollar Amount of Purchase
$2,707,750
5. Price Per Unit
$108.310
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Bear Sterns
7. Other Members of the Underwriting Syndicate
Merrill Lynch & Co.
Prudential Securities Inc.
Bear, Sterns & Co. Inc.
Artemis Capital Group, Inc.
M.R. Beal & Company
Robert W. Baird & Co.
Loop Capital Markets
Siebert Brandford Shank & Co.
