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Prudential Mutual Funds
Supplement dated January 5, 1996
The following information supplements the Prospectus of each of the Funds
listed below.
SHAREHOLDER GUIDE
HOW TO BUY SHARES OF THE FUND
Reduction and Waiver of Initial Sales Charges.
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 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 purchase.
You must notify the 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.
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Listed below are the names of the Prudential Mutual Funds and the dates of
the Prospectuses to which this supplement relates.
Name of Fund Prospectus Date
The BlackRock Government Income Trust August 31, 1995
Global Utility Fund, Inc. November 29, 1995
Nicholas-Applegate Fund, Inc. March 6, 1995
Nicholas-Applegate Growth Equity Fund
Prudential Allocation Fund September 29, 1995
Balanced Portfolio
Strategy Portfolio
Prudential California Municipal Fund
California Income Series November 1, 1995
California Series November 1, 1995
Prudential Diversified Bond Fund, Inc. January 3, 1995
(As supplemented
on June 20, 1995)
Prudential Equity Fund, Inc. February 28, 1995
Prudential Equity Income Fund January 2, 1996
Prudential Europe Growth Fund, Inc. June 30, 1995
Prudential Global Genesis Fund, Inc. July 31, 1995
Prudential Global Limited Maturity Fund, Inc.
Limited Maturity Portfolio January 3, 1995
Prudential Global Natural Resources Fund, Inc. July 31, 1995
Prudential Government Income Fund, Inc. May 1, 1995
Prudential Growth Opportunity Fund, Inc. November 29, 1995
Prudential High Yield Fund, Inc. February 28, 1995
Prudential Intermediate Global Income Fund, Inc. March 2, 1995
Prudential Jennison Fund, Inc. October 27, 1995
Prudential Mortgage Income Fund, Inc. August 25, 1995
Prudential Multi-Sector Fund, Inc. June 30, 1995
Prudential Municipal Bond Fund June 30, 1995
Insured Series
High Yield Series
Intermediate Series
Prudential Municipal Series Fund
Florida Series November 1, 1995
Hawaii Income Series November 1, 1995
Maryland Series November 1, 1995
Massachusetts Series November 1, 1995
Michigan Series November 1, 1995
New Jersey Series November 1, 1995
New York Series November 1, 1995
North Carolina Series November 1, 1995
Ohio Series November 1, 1995
Pennsylvania Series November 1, 1995
Prudential National Municipals Fund, Inc. February 28, 1995
Prudential Structured Maturity Fund, Inc. March 1, 1995
Income Portfolio
Prudential Utility Fund, Inc. March 1, 1995
MF950C-17
