<PAGE> PAGE 1
000 A000000 01/31/95
000 C000000 0000811444
000 D000000 N
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002 B000000 NEW YORK
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003 000000 N
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008 D02AA02 NJ
008 D03AA02 07101
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<PAGE> PAGE 2
010 C02AA01 NY
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011 C01AA01 NEW YORK
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011 A00AA02 PRUDENTIAL SECURITIES INCORPORATED
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011 C01AA02 NEW YORK
011 C02AA02 NY
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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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SIGNATURE SUSAN C. COTE'
TITLE TREASURER
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<NAME> PRUDENTIAL ALLOCATION - STRATEGY PORTFOLIO (C
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> PRUDENTIAL ALLOCATION FUND - STRATEGY PORFOLIO
<SERIES>
<NUMBER> 003
<NAME> PRUDENTIAL ALLOCATION - STRATEGY PORTFOLIO (C
<S> <C>
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<PER-SHARE-NAV-BEGIN> 11.57
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> PRUDENTIAL ALLOCATION FUND
<SERIES>
<NUMBER> 004
<NAME> PRU ALLOCATION: CONSERVATIVELY MANAGED PORT (
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1995
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<PER-SHARE-NAV-BEGIN> 11.12
<PER-SHARE-NII> 0.19
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> PRUDENTIAL ALLOCATION FUND
<SERIES>
<NUMBER> 005
<NAME> PRU ALLOCATION: CONSERVATIVELY MANAGED PORT (
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JAN-31-1995
<INVESTMENTS-AT-COST> 46,253,675
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<NUMBER-OF-SHARES-SOLD> 43,780,193
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<PER-SHARE-NAV-BEGIN> 11.09
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> PRUDENTIAL ALLOCATION FUND
<SERIES>
<NUMBER> 006
<NAME> PRU ALLOCATION: CONSERVATIVELY MANAGED PORT (
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JAN-31-1995
<INVESTMENTS-AT-COST> 46,253,675
<INVESTMENTS-AT-VALUE> 461,262,877
<RECEIVABLES> 31,086,407
<ASSETS-OTHER> 141,018
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<SHARES-COMMON-PRIOR> 43,178,113
<ACCUMULATED-NII-CURRENT> 3,456,087
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,753,079
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,989,791)
<NET-ASSETS> 460,731,278
<DIVIDEND-INCOME> 1,886,382
<INTEREST-INCOME> 9,110,492
<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 6,566,496
<REALIZED-GAINS-CURRENT> 7,428,273
<APPREC-INCREASE-CURRENT> (20,926,181)
<NET-CHANGE-FROM-OPS> (6,931,412)
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<DISTRIBUTIONS-OF-GAINS> (8,435,123)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 43,780,193
<NUMBER-OF-SHARES-REDEEMED> (58,320,806)
<SHARES-REINVESTED> 12,496,308
<NET-CHANGE-IN-ASSETS> (22,388,896)
<ACCUMULATED-NII-PRIOR> 1,867,647
<ACCUMULATED-GAINS-PRIOR> 2,759,929
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,565,151
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,430,378
<AVERAGE-NET-ASSETS> 524,000
<PER-SHARE-NAV-BEGIN> 11.12
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> (0.33)
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.62
<EXPENSE-RATIO> 1.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
For the semi-annual period ended (a) 1/31/95
File number (c) 811-5055
SUB-ITEM 77 0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
The LTV Corporation
2. Date of Purchase
9/21/94
3. Number of Securities Purchased
41,589
4. Dollar Amount of Purchase
$816,400
5. Price Per Unit
$19.63
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
CS First Boston Corporation
7. Other Members of the Underwriting Syndicate
Salomon Brothers Inc.
Smith Barney Inc.
Arnhold and S. Bleichroeder, Inc.
Bear, Stearns & Co. Inc.
BT Securities Corporation
The Buckingham Research Group Incorporated
The Chapman Company
Donaldson, Lufkin & Jenrette Securities Corporation
Goldman, Sachs & Co.
Kemper Securities, Inc.
Kidder, Peabody & Co. Incorporated
C.J. Lawrence/Deutsche Bank Securities Corporation
Lehman Brothers Inc.
McDonald & Company Securities, Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
J.P. Morgan Securities Inc.
Morgan Stanley & Co. Incorporated
Neuberger & Berman
The Ohio Company
Prudential Securities Incorporated
Pryor, McClendon, Counts & Co., Inc.
Ragen MacKenzie Incorporated
The Robinson-Humphrey Company, Inc.
UBS Securities, Inc.
Weat, First Securities, Inc.
