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TITLE TREASURER
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<ASSETS-OTHER> 167,352
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,151,037,939
<PAYABLE-FOR-SECURITIES> 15,596,686
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,155,428
<TOTAL-LIABILITIES> 19,752,114
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,011,431,539
<SHARES-COMMON-STOCK> 91,854,968
<SHARES-COMMON-PRIOR> 92,023,902
<ACCUMULATED-NII-CURRENT> 1,432,014
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40,344,951
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 78,077,321
<NET-ASSETS> 1,131,285,825
<DIVIDEND-INCOME> 5,367,185
<INTEREST-INCOME> 14,997,066
<OTHER-INCOME> 0
<EXPENSES-NET> 8,412,592
<NET-INVESTMENT-INCOME> 11,951,659
<REALIZED-GAINS-CURRENT> 29,823,353
<APPREC-INCREASE-CURRENT> 23,750,338
<NET-CHANGE-FROM-OPS> 65,525,350
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,904,457)
<DISTRIBUTIONS-OF-GAINS> (77,144,255)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 76,903,216
<NUMBER-OF-SHARES-REDEEMED> (166,711,439)
<SHARES-REINVESTED> 84,701,659
<NET-CHANGE-IN-ASSETS> (28,629,926)
<ACCUMULATED-NII-PRIOR> 1,384,812
<ACCUMULATED-GAINS-PRIOR> 87,665,853
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,622,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,412,592
<AVERAGE-NET-ASSETS> 498,875,000
<PER-SHARE-NAV-BEGIN> 12.57
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 0.60
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.88)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.29
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> PRUDENTIAL BALANCED FUND
<SERIES>
<NUMBER> 003
<NAME> PRUDENTIAL BALANCED FUND (CLASS C)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 1,044,048,273
<INVESTMENTS-AT-VALUE> 1,122,305,312
<RECEIVABLES> 28,565,275
<ASSETS-OTHER> 167,352
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,151,037,939
<PAYABLE-FOR-SECURITIES> 15,596,686
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,155,428
<TOTAL-LIABILITIES> 19,752,114
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,011,431,539
<SHARES-COMMON-STOCK> 91,854,968
<SHARES-COMMON-PRIOR> 92,023,902
<ACCUMULATED-NII-CURRENT> 1,432,014
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40,344,951
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 78,077,321
<NET-ASSETS> 1,131,285,825
<DIVIDEND-INCOME> 5,367,185
<INTEREST-INCOME> 14,997,066
<OTHER-INCOME> 0
<EXPENSES-NET> 8,412,592
<NET-INVESTMENT-INCOME> 11,951,659
<REALIZED-GAINS-CURRENT> 29,823,353
<APPREC-INCREASE-CURRENT> 23,750,338
<NET-CHANGE-FROM-OPS> 65,525,350
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,904,457)
<DISTRIBUTIONS-OF-GAINS> (77,144,255)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 76,903,216
<NUMBER-OF-SHARES-REDEEMED> (166,711,439)
<SHARES-REINVESTED> 84,701,659
<NET-CHANGE-IN-ASSETS> (28,629,926)
<ACCUMULATED-NII-PRIOR> 1,384,812
<ACCUMULATED-GAINS-PRIOR> 87,665,853
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,622,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,412,592
<AVERAGE-NET-ASSETS> 9,201,000
<PER-SHARE-NAV-BEGIN> 12.57
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 0.60
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.88)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.29
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811444
<NAME> PRUDENTIAL BALANCED FUND
<SERIES>
<NUMBER> 004
<NAME> PRUDENTIAL BALANCED FUND (CLASS Z)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 1,044,048,273
<INVESTMENTS-AT-VALUE> 1,122,305,312
<RECEIVABLES> 28,565,275
<ASSETS-OTHER> 167,352
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,151,037,939
<PAYABLE-FOR-SECURITIES> 15,596,686
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,155,428
<TOTAL-LIABILITIES> 19,752,114
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,011,431,539
<SHARES-COMMON-STOCK> 91,854,968
<SHARES-COMMON-PRIOR> 92,023,902
<ACCUMULATED-NII-CURRENT> 1,432,014
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40,344,951
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 78,077,321
<NET-ASSETS> 1,131,285,825
<DIVIDEND-INCOME> 5,367,185
<INTEREST-INCOME> 14,997,066
<OTHER-INCOME> 0
<EXPENSES-NET> 8,412,592
<NET-INVESTMENT-INCOME> 11,951,659
<REALIZED-GAINS-CURRENT> 29,823,353
<APPREC-INCREASE-CURRENT> 23,750,338
<NET-CHANGE-FROM-OPS> 65,525,350
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,904,457)
<DISTRIBUTIONS-OF-GAINS> (77,144,255)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 76,903,216
<NUMBER-OF-SHARES-REDEEMED> (166,711,439)
<SHARES-REINVESTED> 84,701,659
<NET-CHANGE-IN-ASSETS> (28,629,926)
<ACCUMULATED-NII-PRIOR> 1,384,812
<ACCUMULATED-GAINS-PRIOR> 87,665,853
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,622,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,412,592
<AVERAGE-NET-ASSETS> 122,663,000
<PER-SHARE-NAV-BEGIN> 12.64
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.58
<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> (0.88)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.35
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
For the semi-annual period ended January 31, 1999.
File number: 811-5055
SUB-ITEM 77-0
EXHIBITS
Transactions Effected Pursuant to Rule 10f-3
I.
1. Name of Issuer
Conoco, Inc.
2. Date of Purchase
10/21/98
3. Number of Securities Purchased
119,900
4. Dollar Amount of Purchase
$2,757,700
5. Price Per Unit
$23.00
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Morgan Stanley Dean Witter
7. Other members of the Underwriting Syndicate
Bear, Stearns & Co. Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
J.P. Morgan Securities Inc.
Prudential Securities Incorporated
Raymond James & Associates, Inc.
Schroder & Co., Inc.
Salomon Smith Barney Inc.
Credit Suisse First Boston Corp.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
Board of Trustees Alex Brown Inc.
Schroder & Co., Inc.
ABN Amro, Inc.
Robert W. Baird & Co., Inc.
Sanford C. Bernstein & Co., Inc.
Blaylock & Partners, L.P.
Chase Securities Inc.
Chatsworth Securities LLC
CIBC Oppenheimer Corp.
Deutsche Bank Securities, Inc.
A.G. Edwards & Sons, Inc.
Fahnestock & Co., Inc.
Guzman & Company
Howard, Weil, Labouisse, Fredrichs Inc.
ING Baring Furman Selz, Inc.
Jeffries & Co., Inc.
Legg Mason Wood Walker, Inc.
McDonald & Company Securities, Inc.
Nesbitt Burns Securities
Neuberger & Berman, LLC
Ormes Capital Markets, Inc.
PaineWebber Incorporated
Raymond James & Associates, Inc.
The Robinson-Humphrey Company, Inc.
Sanders Morris Mundy, Inc.
Muriel Siebert & Co., Inc.
Starr Securities, Inc.
Warburg Dillon Read LLC
Wheat First Securities, Inc.
II.
1. Name of Issuer
Fox Entertainment
2. Date of Purchase
11/10/98
3. Number of Securities Purchased
112,100
4. Dollar Amount of Purchase
$2,522,250
5. Price Per Unit
$22.5
6. Name(s) of Underwriter(s) or Dealer(s)
From whom Purchased
Merrill Lynch & Co.
7. Other members of the Underwriting Syndicate
Bear, Stearns & Co. Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
J.P. Morgan Securities Inc.
Prudential Securities Incorporated
Raymond James & Associates, Inc.
Schroder & Co., Inc.
Salomon Smith Barney Inc.
Credit Suisse First Boston Corp.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
Board of Trustees Alex Brown Inc.
Schroder & Co., Inc.
ABN Amro, Inc.
Sanford C. Bernstein & Co., Inc.
Blaylock & Partners, L.P.
Chatsworth Securities LLC
A.G. Edwards & Sons, Inc.
Guzman & Company
ING Baring Furman Selz, Inc.
Legg Mason Wood Walker, Inc.
Neuberger & Berman, LLC
PaineWebber Incorporated
Raymond James & Associates, Inc.
The Robinson-Humphrey Company, Inc.
Warburg Dillon Read LLC
Allen & Company, Inc.
Morgan Stanley & Co., Inc.
NationsBanc Montgomery Securities LLC
Credit Lyonnais Securities (USA), Inc.
Lazard Freres & Co., Inc.
Lehman Brothers Inc.
TD Securities (USA), Inc.
Wasserstein Perella Securities, Inc.
Crowell, Weedon & Co.
Dain Rauscher Inc.
Doley Securities, Inc.
Gerard Klauer Mattison & Co., Inc.
Interstate/Johnson Lane Corp.
Janney Montgomery Scott, Inc.
May Davis Group, Inc.
Pryor, McClendon, Counts & Co.
T:\martin\N-SAR\BAL\3-99\77O
