PRUDENTIAL FLEXIFUND, 497, 1994-05-24

PRUDENTIAL FLEXIFUND
497, 1994-05-24

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                              Prudential FlexiFund
                        Supplement dated May 23, 1994 to
                      Prospectus dated September 29, 1993
                            HOW THE FUND IS MANAGED
Manager
    The Conservatively Managed Portfolio is managed by Prudential Diversified
Investment Strategies (PDI Strategies) and Prudential Investment Advisors, units
of PIC, using a team of portfolio managers under the supervision of James B.
McHugh, a Director of PDI Strategies, who provides overall asset allocation for
the Portfolio. Mr. McHugh has been employed by PIC since 1982. Mr. McHugh also
provides overall asset allocation for the Prudential Series Fund Conservatively
Managed Portfolio and Aggressively Managed Portfolio. The Strategy Portfolio is
managed by Prudential Investment Advisors using a team of portfolio managers
coordinated by Anthony M. Gleason. Mr. Gleason is a Director of PIC and has been
employed by PIC since 1986. Mr. Gleason also serves as equity portfolio manager
of the Prudential Series Fund Aggressively Managed Portfolio. Asset allocation
for the Strategy Portfolio is provided by Greg A. Smith as described in the
Prospectus. See "How the Fund is Managed--Manager" at page 16.
MF134C-3
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