Is this a transition Report?: (Y/N) N
Is this a amendment to a previous filing? (Y/N) N
1. A. Registrant Name: The Prudential Variable Contract Account 24
B. File Number: 811-5053
C. Telephone Number: (717)-340-6000
2. A. Street: 30 Scranton Office Park
B. City: Moosic C. State: PA D. Zip Code: 18507 Zip Ext: 178
3. Is this the first filing on this form by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC) (Y/N) N
6. Is Registrant a unit investment trust (UIT) (Y/N) Y
(If answer is "Y" (Yes) complete only items 111 through 132.)
114. A. Principal Underwriter Name: Prudential Investment Management Services
B. File Number 8-36540
C. City: Newark State: NJ Zip Code: 07102 Zip Ext.: 29
115. A Independent Public Accountant Name: Price Waterhouse LLP
B. City: New York State: NY Zip Code: 10039 Zip Ext.:
127. J. All other equity securities 1 $1,073,591 $0
131. Total expenses incurred by all series of Registrant during the current
reporting period
($000's omitted) $6,866
February 14, 1997
To the Board of Directors of
The Prudential Insurance Company of America
In planning and performing our audits of the financial statements of The
Prudential Variable Contract Account - 24 of The Prudential Insurance Company of
America (the "Account") for the year ended December 31, 1996, we considered its
internal control structure, including procedures for safeguarding securities, in
order to determine our auditing procedures for the purposes of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-SAR, and not to provide assurance on the internal control structure.
The management of the Account is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are appropriately
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
PRICE WATERHOUSE LLP
