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Prudential Mutual Funds
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SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED JULY 23, 1999
Purchase and Redemption of Fund Shares
The section entitled 'Purchase and Redemption of Fund Shares--Reduction and
Waiver of Initial Sales Charges--Class A Shares--Letters of Intent' is amended
as follows:
Retirement and group plans no longer qualify to purchase Class A shares at
NAV by entering into a Letter of Intent. All references to 'Participant
Letters of Intent are hereby deleted.
Listed below are the names of the Prudential mutual funds and the date of
each Statement of Additional Information (SAI) to which this supplement relates.
<TABLE>
<S> <C>
Name of Fund SAI Date
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Global Utility Fund, Inc. November 27, 1998
Prudential Balanced Fund September 29, 1998
Prudential California Municipal Fund
California Income Series November 2, 1998
California Series November 2, 1998
Prudential Developing Markets Fund
Prudential Developing Markets Equity
Fund June 26, 1998
Prudential Latin America Equity Fund June 26, 1998
Prudential Global Genesis Fund, Inc. July 31, 1998
Prudential Municipal Series Fund
Florida Series November 2, 1998
Massachusetts Series November 2, 1998
New Jersey Series November 2, 1998
New York Series November 2, 1998
North Carolina Series November 2, 1998
Ohio Series November 2, 1998
Pennsylvania Series November 2, 1998
</TABLE>
MF990C10
<PAGE>
<TABLE>
<S> <C>
Name of Fund SAI Date
- ---------------------------------------- -------------------
Prudential Natural Resources Fund, Inc. July 31, 1998
Prudential Small Company Value Fund,
Inc. November 30, 1998
The Prudential Investment Portfolios,
Inc. August 6, 1998
Prudential Active Balanced Fund
Prudential Jennison Growth Fund
Prudential Jennison Growth & Income
Fund
</TABLE>
