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Prudential International
Bond Fund, Inc.
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Supplement Dated August 28, 2000
Prospectus Dated March 8, 2000
The Board of Directors of Prudential International Bond Fund, Inc. (the Fund)
has recently approved a proposal to exchange the assets and liabilities of the
Fund for shares of Prudential Global Total Return Fund, Inc. Class A, Class B,
Class C and Class Z shares of the Fund would be exchanged at net asset value for
respective Class A, Class B, Class C and Class Z shares of equivalent value of
Prudential Global Total Return Fund, Inc.
The transfer is subject to approval by the shareholders of the Fund. The
shareholders' meeting is scheduled to occur in November 2000. It is anticipated
that a proxy statement/prospectus relating to the transaction will be mailed to
the Fund's shareholders in October 2000.
Under the terms of the proposal, shareholders of the Fund would become
shareholders of Prudential Global Total Return Fund, Inc. No sales charges would
be imposed on the proposed transfer. The Fund anticipates obtaining an opinion
of its counsel that the transaction will not result in gain or loss to
shareholders of the Fund for federal income tax purposes.
Effective immediately, the Fund will no longer accept orders to purchase or
exchange into its shares of any class, except for (1) Retirement Programs,
PruArray Association Benefit Plans and PruArray Savings Programs that are
currently shareholders, and successor or related programs and plans, (2)
investors who have executed a Letter of Intent prior to August 24, 2000, (3)
shareholders who have elected to reinvest dividends and/or distributions and (4)
current shareholders participating in automatic investment plans. The current
exchange privilege of obtaining shares of other Prudential Mutual Funds and the
current redemption rights will remain in effect until the transaction is
consummated.
The investment objective of Prudential Global Total Return Fund, Inc. is to
seek total return, made up of current income and capital appreciation.
MF170C1
