<PAGE> PAGE 1
000 A000000 01/31/96
000 C000000 0000811444
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PRUDENTIAL ALLOCATION FUND
001 B000000 811-5055
001 C000000 2122141250
002 A000000 199 WATER STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10292
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 BALANCED PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 STRATEGY PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 PRUDENTIAL MUTUAL FUND MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-31104
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10292
008 A00AA02 PRUDENTIAL INVESTMENT CORPORATION
008 B00AA02 S
008 C00AA02 801-22808
008 D01AA02 NEWARK
008 D02AA02 NJ
008 D03AA02 07102
010 A00AA01 PRUDENTIAL MUTUAL FUND MANAGEMENT, INC.
010 B00AA01 811-31104
010 C01AA01 NEW YORK
<PAGE> PAGE 2
010 C02AA01 NY
010 C03AA01 10292
011 A00AA01 PRUDENTIAL MUTUAL FUND DISTRIBUTORS, INC.
011 B00AA01 8-38739
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10292
011 A00AA02 PRUDENTIAL SECURITIES INCORPORATED
011 B00AA02 8-27154
011 C01AA02 NEW YORK
011 C02AA02 NY
011 C03AA02 10292
012 A00AA01 PRUDENTIAL MUTUAL FUND SERVICES, INC.
012 B00AA01 85-4110019
012 C01AA01 NEW BRUNSWICK
012 C02AA01 NJ
012 C03AA01 08906
013 A00AA01 DELOITTE & TOUCHE, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10281
014 A00AA01 PRUDENTIAL SECURITIES INCORPORATED
014 B00AA01 8-8-27154
014 A00AA02 PRUCO SECURITIES CORP.
014 B00AA02 8-16402
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
015 A00AA02 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA02 S
015 C01AA02 TORONTO
015 D01AA02 CANADA
015 E04AA02 X
015 A00AA03 BANQUE PARIBAS
015 B00AA03 S
015 C01AA03 PARIS
015 D01AA03 FRANCE
015 E04AA03 X
015 A00AA04 STATE STREET BANK AND TRUST CO.
015 B00AA04 S
015 C01AA04 LONDON
015 D01AA04 UNITED KINGDOM
015 E04AA04 X
015 A00AA05 WESTPAC BANKING CORP.
015 B00AA05 S
015 C01AA05 SYDNEY
015 D01AA05 AUSTRALIA
015 E04AA05 X
<PAGE> PAGE 3
015 A00AA06 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
015 B00AA06 S
015 C01AA06 VIENNA
015 D01AA06 AUSTRIA
015 E04AA06 X
015 A00AA07 GENERALE BANK
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 DEN DANSKE BANK
015 B00AA08 S
015 C01AA08 COPENHAGEN
015 D01AA08 DENMARK
015 E04AA08 X
015 A00AA09 MERITA BANK LIMITED
015 B00AA09 S
015 C01AA09 HELSINKI
015 D01AA09 FINLAND
015 E04AA09 X
015 A00AA10 BERLINER HANDELS-UND FRANKFURTER BANK
015 B00AA10 S
015 C01AA10 FRANKFURT
015 D01AA10 GERMANY
015 E04AA10 X
015 A00AA11 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA11 S
015 C01AA11 HONG KONG
015 D01AA11 CHINA
015 E04AA11 X
015 A00AA12 BANK OF IRELAND
015 B00AA12 S
015 C01AA12 DUBLIN
015 D01AA12 IRELAND
015 E04AA12 X
015 A00AA13 MORGAN GUARANTY TRUST CO.
015 B00AA13 S
015 C01AA13 MILAN
015 D01AA13 ITALY
015 E04AA13 X
015 A00AA14 SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA14 S
015 C01AA14 TOKYO
015 D01AA14 JAPAN
015 E04AA14 X
015 A00AA15 SEOULBANK
015 B00AA15 S
015 C01AA15 SEOUL
015 D01AA15 KOREA
015 E04AA15 X
015 A00AA16 STANDARD CHARTED BANK
<PAGE> PAGE 4
015 B00AA16 S
015 C01AA16 HONG KONG
015 D01AA16 HONG KONG
015 E04AA16 X
015 A00AA17 STANDARD CHARTERED BANK
015 B00AA17 S
015 C01AA17 MALAYSIA
015 D01AA17 MALAYSIA
015 E04AA17 X
015 A00AA18 CITIBANK MEXICO, N.A.
015 B00AA18 S
015 C01AA18 MEXICO CITY
015 D01AA18 MEXICO
015 E04AA18 X
015 A00AA19 MEESPIERSON N.V.
015 B00AA19 S
015 C01AA19 AMSTERDAM
015 D01AA19 NETHERLANDS
015 E04AA19 X
015 A00AA20 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA20 S
015 C01AA20 WELLINGTON
015 D01AA20 NEW ZEALAND
015 E04AA20 X
015 A00AA21 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA21 S
015 C01AA21 OLSO
015 D01AA21 NORWAY
015 E04AA21 X
015 A00AA22 BANCO COMERCIAL PORTUGUES
015 B00AA22 S
015 C01AA22 LISBON
015 D01AA22 PORTUGAL
015 E04AA22 X
015 A00AA23 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B00AA23 S
015 C01AA23 SINGAPORE
015 D01AA23 SINGAPORE
015 E04AA23 X
015 A00AA24 BANCO SANTANDER, S.A.
015 B00AA24 S
015 C01AA24 MADRID
015 D01AA24 SPAIN
015 E04AA24 X
015 A00AA25 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA25 S
015 C01AA25 STOCKOLM
015 D01AA25 SWEDEN
015 E04AA25 X
015 A00AA26 UNION BANK OF SWITZERLAND
015 B00AA26 S
<PAGE> PAGE 5
015 C01AA26 ZURICH
015 D01AA26 SWITZERLAND
015 E04AA26 X
015 A00AA27 STANDARD CHARTERED BANK
015 B00AA27 S
015 C01AA27 THAILAND
015 D01AA27 THAILAND
015 E04AA27 X
015 A00AA28 CITIBANK, N.A.
015 B00AA28 S
015 C01AA28 BUENOS AIRES
015 D01AA28 ARGENTINA
015 E04AA28 X
015 A00AA29 CITIBANK. N.A.
015 B00AA29 S
015 C01AA29 SAO PAULO
015 D01AA29 BRAZIL
015 E04AA29 X
015 A00AA30 CITIBANK, N.A.
015 B00AA30 S
015 C01AA30 SANTIAGO
015 D01AA30 CHILE
015 E04AA30 X
015 A00AA31 CITITRUST COLUMBIA S.A SOCIEDAD FIDUCIARIA
015 B00AA31 S
015 C01AA31 BOGOTA
015 D01AA31 COLUMBIA
015 E04AA31 X
015 A00AA32 CESKOCLOVENSKA ONCHODNI BANKA A.S.
015 B00AA32 S
015 C01AA32 PRAGUE
015 D01AA32 CZECH REPUBLIC
015 E04AA32 X
015 A00AA33 NATIONAL BANK OF GREECE S.A.
015 B00AA33 S
015 C01AA33 ATHENS
015 D01AA33 GREECE
015 E04AA33 X
015 A00AA34 CITIBANK BUDAPEST RT.
015 B00AA34 S
015 C01AA34 BUDAPEST
015 D01AA34 HUNGARY
015 E04AA34 X
015 A00AA35 DEUTCHE BANK A.G.
015 B00AA35 S
015 C01AA35 BOMBAY
015 D01AA35 INDIA
015 E04AA35 X
015 A00AA36 STANDARD CHARTERED BANK
015 B00AA36 S
015 C01AA36 JAKARTA
<PAGE> PAGE 6
015 D01AA36 INDONESIA
015 E04AA36 X
015 A00AA37 BANK HAPOALIM B.M.
015 B00AA37 S
015 C01AA37 TEL AVIV
015 D01AA37 ISRAEL
015 E04AA37 X
015 A00AA38 THE DAIWA BANK, LIMITED
015 B00AA38 S
015 C01AA38 TOKYO
015 D01AA38 JAPAN
015 E04AA38 X
015 A00AA39 DEUTCHE BANK AG
015 B00AA39 S
015 C01AA39 KARACHI
015 D01AA39 PAKISTAN
015 E04AA39 X
015 A00AA40 CITIBANK, N.A.
015 B00AA40 S
015 C01AA40 LIMA
015 D01AA40 PERU
015 E04AA40 X
015 A00AA41 STANDARD CHARTERED BANK
015 B00AA41 S
015 C01AA41 MANILA
015 D01AA41 PHILIPPINES
015 E04AA41 X
015 A00AA42 CITIBANK POLAND, S.A.
015 B00AA42 S
015 C01AA42 WARSAW
015 D01AA42 POLAND
015 E04AA42 X
015 A00AA43 CEKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA43 S
015 C01AA43 BRATISLAVA
015 D01AA43 SLOVAK REPUBLIC
015 E04AA43 X
015 A00AA44 STANDARD BANK OF SOUTH AFRICA LTD.
015 B00AA44 S
015 C01AA44 JOHANNESBURG
015 D01AA44 SOUTH AFRICA
015 E04AA44 X
015 A00AA45 CENTRAL TRUST OF CHINA
015 B00AA45 S
015 C01AA45 TAIPEI
015 D01AA45 TAIWAN
015 E04AA45 X
015 A00AA46 CITIBANK, N.A.
015 B00AA46 S
015 C01AA46 ISTANBUL
015 D01AA46 TURKEY
<PAGE> PAGE 7
015 E04AA46 X
015 A00AA47 DELETE
015 A00AA48 CITIBANK, N.A.
015 B00AA48 S
015 C01AA48 CARACAS
015 D01AA48 VENEZUELA
015 E04AA48 X
015 A00AA49 CITIBANK, N.A.
015 B00AA49 S
015 C01AA49 MONTEVIDEO
015 D01AA49 URUGUAY
015 E04AA49 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 67
019 C00AA00 PRUDENTIAL
020 A000001 BEAR, STEARNS & CO., INC.
020 B000001 13-2999429
020 C000001 81
020 A000002 SALOMON BROTHERS INC.
020 B000002 13-3082694
020 C000002 75
020 A000003 INSTINET CORP.
020 B000003 13-3443395
020 C000003 68
020 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000004 13-5674085
020 C000004 50
020 A000005 SOUNDVIEW FINANCIAL GROUP, INC.
020 B000005 13-2998183
020 C000005 50
020 A000006 PAINEWEBBER INC.
020 B000006 13-2638166
020 C000006 38
020 A000007 PRUDENTIAL SECURITIES,INCORPORATED
020 B000007 22-2343366
020 C000007 65
020 A000008 WEEDEN & CO.L.P.
020 B000008 13-3364318
020 C000008 32
020 A000009 CS FIRST BOSTON CORP.
020 B000009 13-5659485
020 C000009 30
020 A000010 LEHMAN BROS., INC.
020 B000010 13-2518466
020 C000010 29
021 000000 853
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 1834856
022 D000001 13311
<PAGE> PAGE 8
022 A000002 BEAR, STEARNS & CO., INC.
022 B000002 13-3299429
022 C000002 1762289
022 D000002 7730
022 A000003 CS FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003 1641126
022 D000003 30798
022 A000004 SMITH BARNEY, INC.
022 B000004 13-1912900
022 C000004 1300973
022 D000004 6286
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005 645906
022 D000005 11208
022 A000006 BANKERS TRUST CO.
022 B000006 13-4941247
022 C000006 359332
022 D000006 0
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007 241796
022 D000007 24915
022 A000008 MORGAN, J.P. SECURITIES, INC.
022 B000008 13-3224016
022 C000008 200458
022 D000008 1978
022 A000009 BARCLAYS DE ZOETE WEDD SECURITIES, INC.
022 B000009 13-3551367
022 C000009 136596
022 D000009 0
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000010 13-5674085
022 C000010 55873
022 D000010 44697
023 C000000 8505738
023 D000000 186545
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
037 00AA00 N
038 00AA00 0
039 00AA00 N
<PAGE> PAGE 9
040 00AA00 Y
041 00AA00 Y
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.650
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056 00AA00 Y
<PAGE> PAGE 10
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 N
067 00AA00 Y
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 Y
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
<PAGE> PAGE 11
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 BEAR, STEARNS & COMPANY, INC.
025 B000101 13-3299429
025 C000101 D
025 D000101 7629
025 A000102 CS FIRST BOSTON CORP.
025 B000102 13-5659485
025 C000102 D
025 D000102 1693
025 A000103 SMITH BARNEY SHEARSON, INC.
025 B000103 13-3371860
025 C000103 D
025 D000103 6304
025 A000104 GOLDMAN, SACHS & CO.
025 B000104 13-5108880
025 C000104 D
025 D000104 7629
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 16023
028 A020100 0
028 A030100 0
028 A040100 22781
028 B010100 213345
028 B020100 2008
028 B030100 0
028 B040100 20202
028 C010100 17718
028 C020100 0
028 C030100 0
028 C040100 25666
028 D010100 25623
028 D020100 0
028 D030100 0
028 D040100 29034
028 E010100 7200
028 E020100 29389
<PAGE> PAGE 12
028 E030100 0
028 E040100 12313
028 F010100 11900
028 F020100 0
028 F030100 0
028 F040100 15935
028 G010100 291809
028 G020100 31397
028 G030100 0
028 G040100 125931
028 H000100 55324
029 000100 Y
030 A000100 106
030 B000100 5.00
030 C000100 0.50
031 A000100 4
031 B000100 0
032 000100 0
033 000100 102
034 000100 Y
035 000100 344
036 A000100 N
036 B000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 100
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 2445
044 000100 0
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
<PAGE> PAGE 13
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 500266
071 B000100 326037
071 C000100 620285
071 D000100 53
072 A000100 6
072 B000100 9252
072 C000100 3163
072 D000100 0
072 E000100 0
072 F000100 2130
072 G000100 0
072 H000100 0
072 I000100 680
072 J000100 79
072 K000100 0
072 L000100 76
072 M000100 12
072 N000100 55
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 8
072 S000100 17
072 T000100 2445
072 U000100 0
072 V000100 0
072 W000100 15
072 X000100 5517
072 Y000100 0
072 Z000100 6898
072AA000100 43512
072BB000100 22425
072CC010100 17402
<PAGE> PAGE 14
072CC020100 0
072DD010100 3239
072DD020100 2339
072EE000100 28807
073 A010100 0.1000
073 A020100 0.2400
073 B000100 0.4900
073 C000100 0.0000
074 A000100 61
074 B000100 23255
074 C000100 855
074 D000100 272290
074 E000100 2197
074 F000100 385819
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 63117
074 K000100 0
074 L000100 5925
074 M000100 16
074 N000100 753535
074 O000100 26921
074 P000100 816
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1914
074 S000100 0
074 T000100 723884
074 U010100 37606
074 U020100 23018
074 V010100 11.92
074 V020100 11.97
074 W000100 0.0000
074 X000100 100198
074 Y000100 0
075 A000100 0
075 B000100 651949
076 000100 0.00
080 A000100 ICI MUTUAL INSURANCE CO.
080 C000100 65000
081 A000100 Y
081 B000100 85
082 A000100 N
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
<PAGE> PAGE 15
085 A000100 Y
085 B000100 N
024 000200 Y
025 A000201 BEAR STEARNS & COMPANY, INC.
025 B000201 13-3299429
025 C000201 D
025 D000201 3103
025 A000202 CS FIRST BOSTON CORP.
025 B000202 13-5659485
025 C000202 D
025 D000202 13980
025 A000203 GOLDMAN SACHS & CO.
025 B000203 13-5108880
025 C000203 D
025 D000203 13980
025 A000204 SMITH BARNEY, INC.
025 B000204 13-1912900
025 C000204 D
025 D000204 11553
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 2679
028 A020200 0
028 A030200 0
028 A040200 7658
028 B010200 3162
028 B020200 1408
028 B030200 0
028 B040200 6708
028 C010200 3384
028 C020200 0
028 C030200 0
028 C040200 6598
028 D010200 3988
028 D020200 0
028 D030200 0
028 D040200 6580
028 E010200 3708
028 E020200 23340
028 E030200 0
028 E040200 6323
028 F010200 4235
028 F020200 0
028 F030200 0
028 F040200 7537
028 G010200 21156
028 G020200 24748
028 G030200 0
028 G040200 41404
<PAGE> PAGE 16
028 H000200 9070
029 000200 Y
030 A000200 59
030 B000200 5.00
030 C000200 0.00
031 A000200 2
031 B000200 0
032 000200 0
033 000200 57
034 000200 Y
035 000200 187
036 A000200 N
036 B000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 1493
044 000200 0
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 Y
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
<PAGE> PAGE 17
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 145702
071 B000200 169268
071 C000200 338201
071 D000200 43
072 A000200 6
072 B000200 5372
072 C000200 1294
072 D000200 0
072 E000200 0
072 F000200 1200
072 G000200 0
072 H000200 0
072 I000200 467
072 J000200 91
072 K000200 0
072 L000200 50
072 M000200 12
072 N000200 27
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 8
072 S000200 12
072 T000200 1493
072 U000200 0
072 V000200 0
072 W000200 7
072 X000200 3367
072 Y000200 0
072 Z000200 3299
072AA000200 29338
072BB000200 12821
072CC010200 5650
072CC020200 0
072DD010200 1915
072DD020200 996
072EE000200 22836
073 A010200 0.0900
073 A020200 0.2300
073 B000200 0.8100
073 C000200 0.0000
074 A000200 463
074 B000200 42616
<PAGE> PAGE 18
074 C000200 0
074 D000200 161772
074 E000200 0
074 F000200 162907
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 12048
074 K000200 0
074 L000200 4822
074 M000200 17
074 N000200 384645
074 O000200 12949
074 P000200 446
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 969
074 S000200 0
074 T000200 370281
074 U010200 21861
074 U020200 7998
074 V010200 12.38
074 V020200 12.46
074 W000200 0.0000
074 X000200 62985
074 Y000200 0
075 A000200 0
075 B000200 367087
076 000200 0.00
080 A000200 ICI MUTUAL INSURANCE CO.
080 C000200 65000
081 A000200 Y
081 B000200 85
082 A000200 N
082 B000200 0
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
SIGNATURE GRACE TORRES
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
<SERIES>
<NUMBER> 001
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 310,093,720
<INVESTMENTS-AT-VALUE> 353,296,870
<RECEIVABLES> 1,231,937
<ASSETS-OTHER> 1,906,433
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 356,435,240
<PAYABLE-FOR-SECURITIES> 2,975,274
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,809,482
<TOTAL-LIABILITIES> 4,784,756
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 300,111,645
<SHARES-COMMON-STOCK> 28,223,133
<SHARES-COMMON-PRIOR> 27,860,535
<ACCUMULATED-NII-CURRENT> (132,493)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,468,182
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,203,150
<NET-ASSETS> 351,650,484
<DIVIDEND-INCOME> 1,308,520
<INTEREST-INCOME> 4,041,330
<OTHER-INCOME> 0
<EXPENSES-NET> 3,127,815
<NET-INVESTMENT-INCOME> 2,222,035
<REALIZED-GAINS-CURRENT> 10,797,382
<APPREC-INCREASE-CURRENT> 34,581,335
<NET-CHANGE-FROM-OPS> 47,600,752
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,245,082)
<DISTRIBUTIONS-OF-GAINS> (31,507,935)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,666,697
<NUMBER-OF-SHARES-REDEEMED> (52,145,287)
<SHARES-REINVESTED> 32,301,346
<NET-CHANGE-IN-ASSETS> 17,670,491
<ACCUMULATED-NII-PRIOR> 1,072,074
<ACCUMULATED-GAINS-PRIOR> 29,178,735
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,149,312
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,106,318
<AVERAGE-NET-ASSETS> 114,386,000
<PER-SHARE-NAV-BEGIN> 12.04
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.67
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (1.19)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.51
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
<SERIES>
[NUMBER] 002
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 310,093,720
[INVESTMENTS-AT-VALUE] 353,296,870
[RECEIVABLES] 1,231,937
[ASSETS-OTHER] 1,906,433
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 356,435,240
[PAYABLE-FOR-SECURITIES] 2,975,274
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,809,482
[TOTAL-LIABILITIES] 4,784,756
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 300,111,645
[SHARES-COMMON-STOCK] 28,223,133
[SHARES-COMMON-PRIOR] 27,860,535
[ACCUMULATED-NII-CURRENT] (132,493)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,468,182
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 43,203,150
[NET-ASSETS] 351,650,484
[DIVIDEND-INCOME] 1,308,520
[INTEREST-INCOME] 4,041,330
[OTHER-INCOME] 0
[EXPENSES-NET] 3,127,815
[NET-INVESTMENT-INCOME] 2,222,035
[REALIZED-GAINS-CURRENT] 10,797,382
[APPREC-INCREASE-CURRENT] 34,581,335
[NET-CHANGE-FROM-OPS] 47,600,752
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,245,082)
[DISTRIBUTIONS-OF-GAINS] (31,507,935)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 23,666,697
[NUMBER-OF-SHARES-REDEEMED] (52,145,287)
[SHARES-REINVESTED] 32,301,346
[NET-CHANGE-IN-ASSETS] 17,670,491
[ACCUMULATED-NII-PRIOR] 1,072,074
[ACCUMULATED-GAINS-PRIOR] 29,178,735
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,149,312
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,106,318
[AVERAGE-NET-ASSETS] 235,394,000
[PER-SHARE-NAV-BEGIN] 11.96
[PER-SHARE-NII] 0.07
[PER-SHARE-GAIN-APPREC] 1.66
[PER-SHARE-DIVIDEND] (0.07)
[PER-SHARE-DISTRIBUTIONS] (1.19)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.43
[EXPENSE-RATIO] 2.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
<SERIES>
[NUMBER] 003
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 310,093,720
[INVESTMENTS-AT-VALUE] 353,296,870
[RECEIVABLES] 1,231,937
[ASSETS-OTHER] 1,906,433
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 356,435,240
[PAYABLE-FOR-SECURITIES] 2,975,274
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,809,482
[TOTAL-LIABILITIES] 4,784,756
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 300,111,645
[SHARES-COMMON-STOCK] 28,223,133
[SHARES-COMMON-PRIOR] 27,860,535
[ACCUMULATED-NII-CURRENT] (132,493)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,468,182
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 43,203,150
[NET-ASSETS] 351,650,484
[DIVIDEND-INCOME] 1,308,520
[INTEREST-INCOME] 4,041,330
[OTHER-INCOME] 0
[EXPENSES-NET] 3,127,815
[NET-INVESTMENT-INCOME] 2,222,035
[REALIZED-GAINS-CURRENT] 10,797,382
[APPREC-INCREASE-CURRENT] 34,581,335
[NET-CHANGE-FROM-OPS] 47,600,752
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,245,082)
[DISTRIBUTIONS-OF-GAINS] (31,507,935)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 23,666,697
[NUMBER-OF-SHARES-REDEEMED] (52,145,287)
[SHARES-REINVESTED] 32,301,346
[NET-CHANGE-IN-ASSETS] 17,670,491
[ACCUMULATED-NII-PRIOR] 1,072,074
[ACCUMULATED-GAINS-PRIOR] 29,178,735
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,149,312
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,106,318
[AVERAGE-NET-ASSETS] 971,000
[PER-SHARE-NAV-BEGIN] 11.96
[PER-SHARE-NII] 0.07
[PER-SHARE-GAIN-APPREC] 1.66
[PER-SHARE-DIVIDEND] (0.07)
[PER-SHARE-DISTRIBUTIONS] (1.19)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.43
[EXPENSE-RATIO] 2.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
<SERIES>
[NUMBER] 004
<NAME> THE PRUDENTIAL ALLOCATION FUND STRAGTEY PORTFOLIO
CLASS Z
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 310,093,720
[INVESTMENTS-AT-VALUE] 353,296,870
[RECEIVABLES] 1,231,937
[ASSETS-OTHER] 1,906,433
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 356,435,240
[PAYABLE-FOR-SECURITIES] 2,975,274
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,809,482
[TOTAL-LIABILITIES] 4,784,756
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 300,111,645
[SHARES-COMMON-STOCK] 28,223,133
[SHARES-COMMON-PRIOR] 27,860,535
[ACCUMULATED-NII-CURRENT] (132,493)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,468,182
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 43,203,150
[NET-ASSETS] 351,650,484
[DIVIDEND-INCOME] 1,308,520
[INTEREST-INCOME] 4,041,330
[OTHER-INCOME] 0
[EXPENSES-NET] 3,127,815
[NET-INVESTMENT-INCOME] 2,222,035
[REALIZED-GAINS-CURRENT] 10,797,382
[APPREC-INCREASE-CURRENT] 34,581,335
[NET-CHANGE-FROM-OPS] 47,600,752
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,245,082)
[DISTRIBUTIONS-OF-GAINS] (31,507,935)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 23,666,697
[NUMBER-OF-SHARES-REDEEMED] (52,145,287)
[SHARES-REINVESTED] 32,301,346
[NET-CHANGE-IN-ASSETS] 17,670,491
[ACCUMULATED-NII-PRIOR] 1,072,074
[ACCUMULATED-GAINS-PRIOR] 29,178,735
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,149,312
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,106,318
[AVERAGE-NET-ASSETS] 968,000
[PER-SHARE-NAV-BEGIN] 13
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 1
[PER-SHARE-DIVIDEND] (0)
[PER-SHARE-DISTRIBUTIONS] (1)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13
[EXPENSE-RATIO] 1
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
<SERIES>
[NUMBER] 001
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 775,530,724
[INVESTMENTS-AT-VALUE] 865,363,537
[RECEIVABLES] 10,691,781
[ASSETS-OTHER] 879,951
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 876,935,269
[PAYABLE-FOR-SECURITIES] 5,754,964
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,114,973
[TOTAL-LIABILITIES] 7,869,937
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 742,211,606
[SHARES-COMMON-STOCK] 68,091,510
[SHARES-COMMON-PRIOR] 58,376,266
[ACCUMULATED-NII-CURRENT] 1,620,322
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 36,206,493
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,026,911
[NET-ASSETS] 869,065,332
[DIVIDEND-INCOME] 3,024,386
[INTEREST-INCOME] 12,271,060
[OTHER-INCOME] 0
[EXPENSES-NET] 6,251,696
[NET-INVESTMENT-INCOME] 9,043,750
[REALIZED-GAINS-CURRENT] 54,108,962
[APPREC-INCREASE-CURRENT] 60,587,423
[NET-CHANGE-FROM-OPS] 123,740,135
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (8,871,991)
[DISTRIBUTIONS-OF-GAINS] (50,703,489)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 164,638,505
[NUMBER-OF-SHARES-REDEEMED] (105,104,331)
[SHARES-REINVESTED] 55,265,004
[NET-CHANGE-IN-ASSETS] 178,963,833
[ACCUMULATED-NII-PRIOR] 3,473,368
[ACCUMULATED-GAINS-PRIOR] 32,801,020
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,678,767
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,251,696
[AVERAGE-NET-ASSETS] 292,465,000
[PER-SHARE-NAV-BEGIN] 11.85
[PER-SHARE-NII] 0.16
[PER-SHARE-GAIN-APPREC] 1.73
[PER-SHARE-DIVIDEND] (0.17)
[PER-SHARE-DISTRIBUTIONS] (0.78)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.79
[EXPENSE-RATIO] 1.14
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
<SERIES>
[NUMBER] 002
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 775,530,724
[INVESTMENTS-AT-VALUE] 865,363,537
[RECEIVABLES] 10,691,781
[ASSETS-OTHER] 879,951
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 876,935,269
[PAYABLE-FOR-SECURITIES] 5,754,964
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,114,973
[TOTAL-LIABILITIES] 7,869,937
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 742,211,606
[SHARES-COMMON-STOCK] 68,091,510
[SHARES-COMMON-PRIOR] 58,376,266
[ACCUMULATED-NII-CURRENT] 1,620,322
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 36,206,493
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,026,911
[NET-ASSETS] 869,065,332
[DIVIDEND-INCOME] 3,024,386
[INTEREST-INCOME] 12,271,060
[OTHER-INCOME] 0
[EXPENSES-NET] 6,251,696
[NET-INVESTMENT-INCOME] 9,043,750
[REALIZED-GAINS-CURRENT] 54,108,962
[APPREC-INCREASE-CURRENT] 60,587,423
[NET-CHANGE-FROM-OPS] 123,740,135
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (8,871,991)
[DISTRIBUTIONS-OF-GAINS] (50,703,489)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 164,638,505
[NUMBER-OF-SHARES-REDEEMED] (105,104,331)
[SHARES-REINVESTED] 55,265,004
[NET-CHANGE-IN-ASSETS] 178,963,833
[ACCUMULATED-NII-PRIOR] 3,473,368
[ACCUMULATED-GAINS-PRIOR] 32,801,020
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,678,767
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,251,696
[AVERAGE-NET-ASSETS] 439,228,000
[PER-SHARE-NAV-BEGIN] 11.80
[PER-SHARE-NII] 0.12
[PER-SHARE-GAIN-APPREC] 1.72
[PER-SHARE-DIVIDEND] (0.12)
[PER-SHARE-DISTRIBUTIONS] (0.78)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.74
[EXPENSE-RATIO] 1.89
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
<SERIES>
[NUMBER] 003
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 775,530,724
[INVESTMENTS-AT-VALUE] 865,363,537
[RECEIVABLES] 10,691,781
[ASSETS-OTHER] 879,951
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 876,935,269
[PAYABLE-FOR-SECURITIES] 5,754,964
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,114,973
[TOTAL-LIABILITIES] 7,869,937
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 742,211,606
[SHARES-COMMON-STOCK] 68,091,510
[SHARES-COMMON-PRIOR] 58,376,266
[ACCUMULATED-NII-CURRENT] 1,620,322
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 36,206,493
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,026,911
[NET-ASSETS] 869,065,332
[DIVIDEND-INCOME] 3,024,386
[INTEREST-INCOME] 12,271,060
[OTHER-INCOME] 0
[EXPENSES-NET] 6,251,696
[NET-INVESTMENT-INCOME] 9,043,750
[REALIZED-GAINS-CURRENT] 54,108,962
[APPREC-INCREASE-CURRENT] 60,587,423
[NET-CHANGE-FROM-OPS] 123,740,135
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (8,871,991)
[DISTRIBUTIONS-OF-GAINS] (50,703,489)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 164,638,505
[NUMBER-OF-SHARES-REDEEMED] (105,104,331)
[SHARES-REINVESTED] 55,265,004
[NET-CHANGE-IN-ASSETS] 178,963,833
[ACCUMULATED-NII-PRIOR] 3,473,368
[ACCUMULATED-GAINS-PRIOR] 32,801,020
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,678,767
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,251,696
[AVERAGE-NET-ASSETS] 4,453,000
[PER-SHARE-NAV-BEGIN] 11.80
[PER-SHARE-NII] 0.12
[PER-SHARE-GAIN-APPREC] 1.72
[PER-SHARE-DIVIDEND] (0.12)
[PER-SHARE-DISTRIBUTIONS] (0.78)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.74
[EXPENSE-RATIO] 1.89
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<CIK> 0000811444
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
<SERIES>
[NUMBER] 004
<NAME> THE PRUDENTIAL ALLOCATION FUND BALANCED PORTFOLIO
CLASS Z
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
[INVESTMENTS-AT-COST] 775,530,724
[INVESTMENTS-AT-VALUE] 865,363,537
[RECEIVABLES] 10,691,781
[ASSETS-OTHER] 879,951
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 876,935,269
[PAYABLE-FOR-SECURITIES] 5,754,964
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,114,973
[TOTAL-LIABILITIES] 7,869,937
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 742,211,606
[SHARES-COMMON-STOCK] 68,091,510
[SHARES-COMMON-PRIOR] 58,376,266
[ACCUMULATED-NII-CURRENT] 1,620,322
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 36,206,493
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,026,911
[NET-ASSETS] 869,065,332
[DIVIDEND-INCOME] 3,024,386
[INTEREST-INCOME] 12,271,060
[OTHER-INCOME] 0
[EXPENSES-NET] 6,251,696
[NET-INVESTMENT-INCOME] 9,043,750
[REALIZED-GAINS-CURRENT] 54,108,962
[APPREC-INCREASE-CURRENT] 60,587,423
[NET-CHANGE-FROM-OPS] 123,740,135
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (8,871,991)
[DISTRIBUTIONS-OF-GAINS] (50,703,489)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 164,638,505
[NUMBER-OF-SHARES-REDEEMED] (105,104,331)
[SHARES-REINVESTED] 55,265,004
[NET-CHANGE-IN-ASSETS] 178,963,833
[ACCUMULATED-NII-PRIOR] 3,473,368
[ACCUMULATED-GAINS-PRIOR] 32,801,020
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,678,767
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,251,696
[AVERAGE-NET-ASSETS] 44,961,000
[PER-SHARE-NAV-BEGIN] 12
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 2
[PER-SHARE-DIVIDEND] (0)
[PER-SHARE-DISTRIBUTIONS] (1)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13
[EXPENSE-RATIO] 1
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
For the six month period ended (a) 1/31/97
File number (c) 811-5055
SUB-ITEM 77C
Submission of Matters to a Vote of Security Holders
A special Meeting of Shareholders of the Fund
was called for October 30, 1996. At such meeting
the shareholders of each of the Fund's Portfolios
approved the following proposal:
A) Approval that Edward D. Beach, Delayne
Dedrick Gold, Robert F. Gunia, Donald D.
Lennox, Douglas H. McCorkindale, Mendel A.
Melzer, Thomas T. Mooney, Stephen P. Munn,
Richard A. Redeker, Robin B. Smith, Louis A.
Weil, III and Clay T. Whitehead are duly
elected to serve as Directors of the Fund
until the earlier to occur of (i) the next
meeting of Shareholders at which Directors
are elected and until his or her successor
shall have been duly elected and shall have
qualified or (ii) their terms expire in
accordance with the Fund's retirement policy.
Strategy Portfolio
Affirmative
Votes Cast
Votes Withheld
Edward D. Beach 21,666,683
208,441
Delayne Dedrick Gold 21,673,961
201,163
Robert F. Gunia 21,676,705
198,419
Donald D. Lennox 21,666,169
208,955
Douglas H. McCorkindale 21,672,604
205,453
Mendel A. Melzer 21,669,027
206,097
Thomas T. Mooney 21,669,671
205,453
Stephen P. Munn 21,674,944
200,180
Richard A. Redeker 21,674,171
200,953
Robin B. Smith 21,668,067
207,057
Louis A. Weil, III 21,674,472
200,652
Clay T. Whitehead 21,676,792
198,332
Balanced Portfolio
Affirmative
Votes Cast
Votes Withheld
Edward D. Beach 52,479,965
444,021
Delayne Dedrick Gold 52,520,343
403,643
Robert F. Gunia 52,528,388
395,598
Donald D. Lennox 52,491,088
432,898
Douglas H. McCorkindale 52,531,165
392,821
Mendel A. Melzer 52,510,717
413,269
Thomas T. Mooney 52,530,203
393,783
Stephen P. Munn 52,545,582
378,404
Richard A. Redeker 52,528,603
395,383
Robin B. Smith 52,519,421
404,565
Louis A. Weil, III 52,518,308
405,678
Clay T. Whitehead 52,541,270
382,716
For the six months ended (a) 1/31/97
File number (c) 811-5055
SUB-ITEM 77 D
EXHIBITS
Policies with respect to security investment
On February 18, 1997 the Directors approved a
change in investment policy permitting the Fund to
hold up to 15% of its net assets in repurchase
agreements which have a maturity of longer than 7
days or in other illiquid securities.
N-SAR:paf\0995.77d
For the six months ended January 31, 1997.
File number c 811-5055
SUB-ITEM 77-0
EXHIBITS
Transactions Effected Pursuant to Rule
10f-3
I. Prudential Allocation Fund
1. Name of Issuer
United Auto Group, Inc.
2. Date of Purchase
10/23/96
3. Number of Securities Purchased
6,500
4. Dollar Amount of Purchase
$195,000
5. Price Per Unit
$30.00
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
J.P. Morgan & Co.
7. Other members of the Underwriting Syndicate
See Exhibit A
UNDERWRITER
Bear, Stearns & Co. Inc.
Brean Murray & Co., Inc.
Burnham Securities, Inc.
Doft & Co., Inc.
Donaldson, Lufkin & Jenrette Securities
Corporation
Interstate Johnson Lane Corporation
J.P. Morgan Securities Inc.
Johnston, Lemon & Co., Inc.
Ladenburg, Thalmann & Co., Inc.
Monnes, Crespi, Hardt & Co., Inc.
Montgomery Securities
Morgan Keegan & Company, Inc.
Prudential Securities Incorporated
Raymond James & Associates, Inc.
Schroder, Wertheim & Co., Inc.
Scotia Capital Markets (USA), Inc.
Smith Barney Inc.
Southeast Research Partners, Inc.
Stephens Inc.
The Buckingham Research Group, Inc.
The Chicago Corporation
The Robinson-Humphrey Company, Inc.
Wasserstein Perella Securities, Inc.
William Blair & Company, L.L.C.
II. Prudential Allocation Fund
1. Name of Issuer
Titan Exploration, Inc.
2. Date of Purchase
12/16/96
3. Number of Securities Purchased
11,500
4. Dollar Amount of Purchase
$126,500
5. Price Per Unit
$11.00
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
CS First Boston
7. Other members of the Underwriting Syndicate
See Exhibit B
Domestic Underwriters
Donaldson, Lufkin & Jenrette Securities
Corporation
Howard, Weil, Labouisse, Fredrichs Incorporated
J.P. Morgan Securities, Inc.
Petrie Parkman & Co., Inc.
