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PRUDENTIAL MUTUAL FUNDS
Supplement dated July 1, 1996
The following information supplements the prospectuses of each of the Funds
listed below.
SHAREHOLDER GUIDE
HOW TO BUY SHARES OF THE FUND
Reduction and Waiver of Initial Sales Charges. Reduced sales charges are
available through Rights of Accumulation and Letters of Intent. Shares of the
Fund and shares of other Prudential Mutual Funds (excluding money market funds
other than those acquired pursuant to the exchange privilege) may be aggregated
to determine the applicable reduction. See ``Purchase and Redemption of Fund
Shares--Reduction and Waiver of Initial Sales Charges--Class A Shares'' in the
Statement of Additional Information.
Benefit Plans. Class A shares may be purchased at NAV, without payment of an
initial sales charge, by pension, profit sharing or other employee benefit plans
qualified under Section 401 of the Internal Revenue Code and deferred
compensation and annuity plans under Sections 457 and 403(b)(7) of the Internal
Revenue Code (Benefit Plans), provided that the plan has existing assets of at
least $1 million invested in shares of Prudential Mutual Funds (excluding money
market funds other than those acquired pursuant to the exchange privilege) or
250 eligible employees or participants. In the case of Benefit Plans whose
accounts are held directly with the Transfer Agent or Prudential Securities and
for which the Transfer Agent or Prudential Securities does individual account
record keeping (Direct Account Benefit Plans) and Benefit Plans sponsored by PSI
or its subsidiaries (PSI or Subsidiary Prototype Benefit Plans), Class A shares
may be purchased at NAV by participants who are repaying loans made from such
plans to the participant.
PruArray and SmartPath Plans. Class A shares may be purchased at NAV by
certain savings, retirement and deferred compensation plans, qualified or
non-qualified under the Internal Revenue Code, including pension,
profit-sharing, stock-bonus or other employee benefit plans under Section 401 of
the Internal Revenue Code and deferred compensation and annuity plans under
Sections 457 and 403(b)(7) of the Code that participate in Prudential's PruArray
or SmartPath Programs (benefit plan record keeping services) (hereafter referred
to as a PruArray or SmartPath Plan); provided that the plan has at least $1
million in existing assets or 250 eligible employees or participants. The term
``existing assets'' for this purpose includes stock issued by a PruArray or
SmartPath Plan sponsor and shares of non-money market Prudential Mutual Funds
and shares of certain unaffiliated non-money market mutual funds that
participate in the PruArray or SmartPath Program (Participating Funds).
``Existing assets'' also include shares of money market funds acquired by
exchange from a Participating Fund.
Special Rules Applicable to Retirement Plans. After a Benefit Plan or
PruArray or SmartPath Plan qualifies to purchase Class A shares at NAV, all
subsequent purchases will be made at NAV.
Other Waivers. In addition, Class A shares may be purchased at NAV, through
Prudential Securities or the Transfer Agent, by the following persons: (a)
officers and current and former Directors/Trustees of the Prudential Mutual
Funds (including the Fund), (b) employees of Prudential Securities and PMF and
their subsidiaries and members of the families of such persons who maintain an
``employee related'' account at Prudential Securities or the Transfer Agent, (c)
employees and special agents of Prudential and its subsidiaries and all persons
who have retired directly from active service with Prudential or one of its
subsidiaries, (d) registered representatives and employees of dealers who have
entered into a selected dealer agreement with
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Prudential Securities provided that purchases at NAV are permitted by such
person's employer and (e) investors who have a business relationship with a
financial adviser who joined Prudential Securities from another investment firm,
provided that (i) the purchase is made within 180 days of the commencement of
the financial adviser's employment at Prudential Securities, or within one year
in the case of Benefit Plans, (ii) the purchase is made with proceeds of a
redemption of shares of any open-end fund sponsored by the financial adviser's
previous employer (other than a money market fund or other no-load fund which
imposes a distribution or service fee of .25 of 1% or less) and (iii) the
financial adviser served as the client's broker on the previous purchases.
You must notify the Fund's Transfer Agent either directly or through
Prudential Securities or Prusec that you are entitled to the reduction or waiver
of the sales charge. The reduction or waiver will be granted subject to
confirmation of your entitlement. No initial sales charges are imposed upon
Class A shares acquired upon the reinvestment of dividends and distributions.
See ``Purchase and Redemption of Fund Shares--Reduction and Waiver of Initial
Sales Charges--Class A Shares'' in the Statement of Additional Information.
Listed below are the names of the Prudential Mutual Funds and the dates of
the prospectuses to which this supplement relates.
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<CAPTION>
Name of Fund Prospectus Date
<S> <C>
The BlackRock Government Income Trust August 31, 1995
The Global Government Plus Fund, Inc. January 15, 1996
The Global Total Return Fund, Inc. January 15, 1996
Global Utility Fund, Inc. November 29, 1995
Nicholas-Applegate Fund, Inc. March 4, 1996
Prudential Allocation Fund September 29, 1995
Prudential Diversified Bond Fund, Inc. April 26, 1996
Prudential Distressed Securities Fund, Inc. March 25, 1996
Prudential Equity Fund, Inc. March 1, 1996
Prudential Equity Income Fund January 2, 1996
Prudential Europe Growth Fund, Inc. June 30, 1995
Prudential Global Fund, Inc. January 2, 1996
Prudential Global Genesis Fund, Inc. July 31, 1995
Prudential Global Limited Maturity Fund, Inc.
Limited Maturity Portfolio February 26, 1996
Prudential Global Natural Resources Fund, Inc. July 31, 1995
Prudential Government Income Fund, Inc. April 30, 1996
Prudential High Yield Fund, Inc. March 1, 1996
Prudential Intermediate Global Income Fund, Inc. March 1, 1996
Prudential Jennison Fund, Inc. October 27, 1995
Prudential Mortgage Income Fund, Inc. April 29, 1996
Prudential Pacific Growth Fund, Inc. January 2, 1996
Prudential Small Companies Fund, Inc. November 29, 1995
(Formerly Prudential Growth Opportunity Fund, Inc.)
Prudential Structured Maturity Fund, Inc. March 1, 1996
Prudential Utility Fund, Inc. March 1, 1996
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MF960C-3
