PRUDENTIAL GLOBAL GENESIS FUND INC, N-30D, 2000-02-08

PRUDENTIAL GLOBAL GENESIS FUND INC
N-30D, 2000-02-08

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<PAGE>

(ICON)

Prudential
Global
Genesis
Fund, Inc.

SEMI
ANNUAL
REPORT
Nov. 30, 1999

(LOGO)

<PAGE>

A Message from the Fund's President January 7, 2000
(PHOTO)

Dear Shareholder,

Through the six months ended November 30, 1999, global small-company
stocks continued to recover from their 1998 decline as investors
regained confidence in Asia and emerging market countries. The
global economy appeared to be entering a phase of sustained and
widespread growth. Prudential Global Genesis Fund's Class A shares
returned 19.08%, an excellent gain for half-year and more than
twice the 8.34% advance of the Salomon EMI Index of global
small-company stocks. The Fund benefited from its focus on
Japanese stocks, which performed particularly well over this
period. As Japan's government appeared committed to providing
economic stimulation and Japanese companies moved forward on
restructuring, global investors returned to the Tokyo stock
market. Global Genesis' nontraditional Japanese stocks--those
that its portfolio managers believe represent the new trend
in Japanese entrepreneurial activity--had very substantial
advances. Technology stocks also were particularly favored
during this reporting period, and the Fund's focus on
wireless telecommunications contributed to its performance.

The Lipper Global Small-Cap Average had even better
performance--22.55%. Although the contents of different
funds' holdings during this period are not yet public
knowledge, we surmise that many were more focused in
technology. Technology-related small-cap stocks performed
far better than those in other industries, so a narrowly
focused fund could have much higher return during this
period. The Global Genesis Fund follows a more diversified
strategy, with investments in business services, healthcare,
financials, cyclicals, and consumer stocks, as well as in
technological industries.

The steep 19% half-year climb after last year's sharp fall, although
very satisfying, is nonetheless a reminder of the volatility of
small-stock investing. Small companies, with their lower economic
mass, can move either up or down in price very quickly. Investing
in them through mutual funds helps diversify the
risks of small-company stocks. Although stocks historically
have produced higher returns than bonds over the long term,
share prices do fluctuate more. Prudential recommends that
investors consult their financial advisers to determine an asset
allocation that is appropriate for their personal time
horizon and tolerance for risk.

Yours sincerely,

John R. Strangfeld
President
Prudential Global Genesis Fund, Inc.

<PAGE>

Performance Review

(PHOTO)
Steve AuthFund
Manager

Investment Goals and Style
The Prudential Global Genesis Fund seeks to achieve long-term
growth of capital by investing primarily in common stocks
and other equity securities of smaller foreign and U.S.
companies. The Fund is subject to all the risks associated
with foreign investing, including currency, political
and social risks, and potential illiquidity. There can
be no assurance that the Fund will achieve its
investment objective.

The future of Japan
When we look at the greatest contributors to our return over our
six-month reporting period, half of the top 10 are Japanese
companies that are finding niches in the new Japanese economy.
They are consumer focused, or they provide outsourcing services that
help companies restructure to improve productivity. For example,
we are invested in Avex, a music production company targeted at
the high-spending teen and young adult market; in Bellsystem24,
a telemarketing firm; and in Nichii Gakkan, a clerical
services provider.

About 12% of our assets were invested in Japan, up from 9%
at the end of May. We also increased our focus in the rest
of Asia, which we see as being in a recovery mode. The crisis
of 1998 may prove salutary in the long run,
as it focused corporate managers on strengthening their
balance sheets and increasing shareholder value.

We continue to focus on wireless
The world is going through a tele-communications revolution,
and the advantages of wireless are apparent.
This theme was a large contributor to our return during the
reporting period, with our holdings in both hardware companies
and service providers. Brightpoint is a telephone distributor
that bridges the gap between manufacturers and service
providers. It is among our largest holdings, and also among
the largest contributors to our return during the reporting
period. So too is Western Wireless, a service provider. Both
stocks more than tripled in price over the six-month period.

Outsourcing means productivity
As companies in Europe and Asia emulate the productivity boom
among U.S. companies in the 1990s, they are focusing on their
core strengths and outsourcing their other functions. In
addition to Bellsystem24 and Nichii Gakkan, we own American
Management Systems (see table of Five Largest Holdings) and
Remec, a contract manufacturer of microwave equipment for
telecommunications companies and the U.S. government.
Contract manufacturers allow technical
companies to focus on their design and marketing
strengths, outsourcing actual production.

Emerging markets are indeed emerging
In the financial crisis of 1998, emerging market stocks
were hit hard by uncertainty. They became quite inexpensive.
Now, they offer the prospect of benefit from global growth
at a low price. In addition to our Asian holdings, we have
increased our investments in Latin

<PAGE>

America to 6% of our assets. We are focusing on telecommunications
companies there, such as Telecomunicacoes Brasileiras, Tele
Norte Leste, and Telefonos de Mexico--all added since May 31.

Europe's economy is awakening
We are investing in cyclical companies in Europe--those that
benefit from economic expansion. These include Rhodia
(France-chemicals), Linde (Germany-machinery and engineering),
Billiton (U.K.-metals), and Jefferson Smurfit (Ireland- paper).
We've also increased our exposure to a number of smaller
Internet-related stocks that have begun to be listed in the
European markets.

Some negative impacts
On the negative side, we had a substantial decline in the
price of Family Golf Centers, the largest golf range
operator in North America. Family Golf has been acquiring
smaller operators and expanded too rapidly, weakening its
balance sheet. We cut back our position, but we continue
to own the stock. We believe the company's strategy is
sound, and it can continue its growth when it has restored
the strength of its balance sheet

Performance at a Glance
<TABLE>
Cumulative Total Returns1 As of 11/30/99
<CAPTION>
Six One Five Ten Since
Months Year Years Years Inception2
<S> <C> <C> <C> <C> <C>
Class A 19.08% 32.12% 54.30% N/A 129.74%
Class B 18.61 31.12 48.43 113.56% 186.47
Class C 18.61 31.12 48.43 N/A 40.68
Class Z 19.22 32.48 N/A N/A 36.20
Lipper Global Small-Cap Fd. Avg.3 22.55 34.98 93.38 158.01 ***
</TABLE>

<TABLE>
Average Annual Total Returns1 As of 12/31/99
<CAPTION>
One Five Ten Since
Year Years Years Inception2
<S> <C> <C> <C> <C>
Class A 35.67% 10.50% N/A 9.37%
Class B 36.77 10.67 8.78% 10.24
Class C 39.35 10.58 N/A 8.48
Class Z 43.22 N/A N/A 13.60
</TABLE>

Past performance is not indicative of future results. Principal
and investment return will fluctuate so that an investor's shares,
when redeemed, may be worth more or less than their original cost.

1 Source: Prudential Investments Fund Management LLC and Lipper
Inc. The cumulative total returns do not take into account sales
charges. The average annual total returns do take into account
applicable sales charges. The Fund charges a maximum front-end
sales charge of 5% for Class A shares. Class B shares are
subject to a declining contingent deferred sales charge
(CDSC) of 5%, 4%, 3%, 2%, 1%, and 1% for six years. Class
B shares will automatically convert to Class A shares, on
a quarterly basis, approximately seven years after purchase.
Class C shares are subject to a front-end sales charge of
1% and a CDSC of 1% for 18 months. Class Z shares are not
subject to a sales charge or distribution and service(12b-1)
fees.

2 Inception dates: Class A, 1/22/90; Class B, 1/29/88;
Class C, 8/1/94; and Class Z, 9/16/96.

3 Lipper average returns are for all funds in each share
class for the six-month, one-, five-, and ten-year periods
in the Global Small-Cap Fund category. The Lipper average is unmanaged.
Global Small-Cap funds invest at least 25% of their assets
in securities with primary trading markets outside the United
States, and that invest at least 65% of their assets in companies
with market capitalizations less than U.S.$1 billion at the
time of purchase.

***Lipper Since Inception returns are 161.16% for Class A; 214.91%
for Class B; 94.36% for Class C; and 43.71% for Class Z, based
on all funds in each share class.

1
<PAGE>

Stewart Enterprises, the third largest provider of funeral and
cemetery products and services in North America, encountered
strong competition from low-cost providers. Although the stock
price dropped precipitously, we believe the company is taking action
to meet the challenge, and its stock is now attractively priced
for a company with its growth potential. We added to our position.

Looking Ahead
The global economy is improving. Asian and European economies
are now expanding while the United States continues to grow.
Our non-U.S. companies are now in a positive environment. An
expanding global economy also is good for U.S. small-company
stocks, which tend to respond more to economic growth rates
than larger firms do. A more stable global environment has
also made investors less risk-averse, which we believe will
improve their readiness to own high-growth, relatively
higher-risk stocks. Small-cap growth stocks are still much
less expensive than large growth companies, which
have been the focus of market favor for some time. All of
these factors favor the kinds of stocks the Global Genesis
Fund targets.

Five Largest Holdings Expressed as a percentage of net assets as of 11/30/99

Security/Industry
% of Net Assets Comments

Imax
Media
1.5% Its large-image cinema system is the only one of its
kind in the world. We increased our holdings when the
stock fell after some new location openings were
delayed to next year. It should benefit from the
Imax-only release of Disney's new version of
"Fantasia," which is being heavily promoted.

Brightpoint
International Trading
1.3% The world's second largest distributor of
mobile phones, it benefits from the
continued expansion of wireless telephony.
(No.1, Cellstar, is also among our largest
holdings.) It is very attractively priced
for a growth stock. In 1998, sales
increased 57%.

Whole Foods Market
Food Retailing
1.1% The largest natural foods supermarket
chain in the United States,
a market growing by 15% to 30%
a year. The stock fell upon missing
an earnings estimate in January and
on plans to invest in a website, but
the chain is adding stores, increasing
margins, and increasing same-store
sales. We had a moderate gain by
period end.

American Mgmt Systems
Data Processing
1.1% Among the largest global information
technology consulting companies. Its
business fell off as a result of the
diversion of technological investment
to Y2K concerns, but American Management
is the quality play in outsourced
technological consulting for systems
development and e-commerce.

Amerisource Health Corp.
Medical Wholesale Drug
Distributor
1.1% Fourth largest wholesale distributor
of drugs and healthcare services
in the United States. Five-year
earnings growth averaged 23% per year,
now selling at about eight times next
year's earnings. The sector is out of
favor, and the stock declined steeply.
We began to buy about halfway down. The
stock represents a classic case of
strong growth at a reasonable price.

Geographic Concentration
Expressed as a percentage of net assets
as of 11/30/99

United States 46%
Continental Europe 17
Japan 12
United Kingdom 9
Asia/Pacific Basin (ex-Japan) 7
Latin America 6
Cash & Equivalents 3

2
<PAGE>

Portfolio of Investments as of
November 30, 1999 (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- ------------------------------------------------------------
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Value
Shares Description (Note 1)
<C> <S> <C>
- ------------------------------------------------------------
LONG-TERM INVESTMENTS--96.9%
COMMON STOCKS--96.2%
- ------------------------------------------------------------
Australia--1.6%
94,967 Acacia Resources Ltd. $ 171,292
27,300 Broken Hill Proprietary Co., Ltd. 299,668
16,632 Fosters Brewing Group Ltd. 44,639
264,000 Pasminco Ltd. 252,034
15,900 Rio Tinto Ltd.(a) 278,794
63,700 WMC Ltd. 292,712
------------
1,339,139
- ------------------------------------------------------------
Brazil--3.0%
9,500 Aracruz Celulose, S.A. ADR 193,563
8,900,000 Companhia Siderurgica Nacional(a) 305,460
4,600 Companhia Siderurgica Nacional
(ADR)(a) 146,050
18,800 Embratel Participacoes S. A. ADR(a) 350,150
10,400 Tele Norte Leste Participacoes S.A.
ADR 185,250
6,900 Telecomunicacoes Brasileiras S.A.
(ADR)(a) 626,175
36,800 Telecomunicacoes de Sao Paulo ADR(a) 662,400
------------
2,469,048
- ------------------------------------------------------------
Finland--0.8%
48,478 JOT Automation Group Oyj 329,631
34,492 Metsa-Serla Oyj Class B 340,506
------------
670,137
- ------------------------------------------------------------
France--4.7%
1,194 Atos S.A.(a) 186,430
1,110 Brime Technologies(a) 34,551
1,189 Castorama Dubois 309,017
5,215 Consodata S.A.(a) 168,106
10,790 Dassault Systemes S.A. 497,271
792 FI System 179,510
1,697 Geodis 102,568
1,658 Infogrames Entertainment S.A.(a) 210,443
14,345 Lectra Systemes(a) 92,483
18,310 Rhodia S.A. 333,847
3,767 SEITA 193,529
8,553 Societe Generale D'Enterprises
S.A.(a) 384,698
9,074 Thomson Multimedia(a) $ 393,050
1,687 Unilog S.A. 131,703
30,329 Usinor S.A. 464,389
4,866 Vallourec S.A. 189,698
------------
3,871,293
- ------------------------------------------------------------
Germany--1.9%
880 ce Consumer Electronic AG 76,679
2,458 DePfa Deutsche Pfandbriefbank AG 185,680
5,091 Entrium Direct Bankers AG 74,618
6,973 Epcos AG(a) 428,479
814 Intershop Communications AG(a) 165,637
1,644 Kamps AG 115,098
3,791 Linde AG 189,416
9,804 Metallgesellschaft AG 181,226
1 SGL Carbon AG 53
1,707 Telegate AG(a) 71,877
2,157 Tomorrow Internet AG(a) 67,141
------------
1,555,904
- ------------------------------------------------------------
Hong Kong--1.2%
219,500 Amoy Properties Ltd. 169,575
188,000 China Merchants China Direct
Investments Ltd. 152,501
763,000 Lung Kee (Bermuda) Holdings Ltd. 164,065
612,000 Shun Tak Holdings Ltd. 127,656
89,500 Wing Hang Bank Ltd. 342,258
------------
956,055
- ------------------------------------------------------------
India--0.3%
600 Infosys Technologies Ltd. 127,866
8,400 Larsen & Toubro Ltd. 75,862
15,200 Reliance Industries Ltd. 77,742
------------
281,470
- ------------------------------------------------------------
Indonesia
18,500 PT Indofood Sukses Makmur Tbk 20,268
9,500 PT Ramayana Lestari Sentosa Tbk 6,063
------------
26,331
</TABLE>
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 3

<PAGE>
Portfolio of Investments as of
November 30, 1999 (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Value
Shares Description (Note 1)
<C> <S> <C>
- ------------------------------------------------------------
Ireland--0.7%
10,299 Anglo Irish Bank Corp. PLC $ 24,173
5,182 CRH PLC 103,932
25,865 Eircom PLC(a) 102,918
77,350 Jefferson Smurfit Group PLC 210,380
4,163 Trintech Group PLC ADR(a) 154,031
------------
595,434
- ------------------------------------------------------------
Italy--0.9%
26,344 Brembo SpA(a) 294,567
27,522 Bulgari SpA 212,091
16,761 Italcementi SpA 205,143
------------
711,801
- ------------------------------------------------------------
Japan--12.2%
26,000 Amano Corp. 182,514
3,700 Aucnet, Inc. 326,935
1,900 Avex, Inc. 591,331
35,000 Bank of Saga Ltd. 128,516
500 Bellsystem, Inc. 574,346
800 C Two Network Co., Ltd.(a) 219,920
18,000 C Uyemura & Co., Ltd. 579,648
39,000 Daifuku Co., Ltd. 200,638
24,000 Daikin Industries Ltd. 312,209
1,200 Daiseki Co., Ltd. 29,469
1,400 Fancl Corp. 497,570
2,100 Fuji S Ware ABC 180,404
3,300 Fuji Seal, Inc. 200,874
1,500 GOLDCREST Co., Ltd. 219,430
27,000 Hokuetsu Paper Mills, Ltd. 209,946
28,000 Ibiden Co., Ltd. 401,355
5,800 Itoen Ltd. 706,671
29,000 Kagome Co., Ltd. 311,482
13,000 Kawasumi Laboratories, Inc. 191,449
15,600 Mimasu Semiconductor Industry Co.,
Ltd. 314,742
16,518 Ministop Co., Ltd. 458,946
2,600 Nichii Gakkan Co. 536,311
200 Otsuka Kagu Ltd.(a) 62,638
2,900 Paramount Bed Co., Ltd. 392,912
44,000 Q.P. Corp. 308,870
2,200 Ryohin Keikaku Co., Ltd. 519,464
51,000 Sumitomo Bakelite Co., Ltd. $ 461,656
2,000 Trend Micro, Inc. 426,096
4,000 United Arrows Ltd. 400,569
------------
9,946,911
- ------------------------------------------------------------
Mexico--2.2%
115,400 Alfa, S.A. (a) 501,047
23,900 Carso Global Telecom 187,750
40,000 Fomento Economico Mexicano, S.A. de
C.V.(a) 149,894
96,100 Grupo Mexico, S.A.(a) Ser. B 397,866
1,800 Telefonos de Mexico S.A. ADR(a) 166,613
30,600 Tubos de Acero de Mexico, S.A.
(TAMSA) 387,210
------------
1,790,380
- ------------------------------------------------------------
Netherlands--1.6%
1,266 ASM Lithography Holdings N.V.(a) 123,067
8,828 BE Semiconductor Industries, N.V.(a) 100,045
6,168 DSM N.V. 211,253
15,011 Fox Kids Europe N.V.(a) 204,894
11,010 KPNQwest N.V.(a) 412,027
8,932 Nutreco Holding N.V. 260,932
------------
1,312,218
- ------------------------------------------------------------
The Philippines--0.1%
15,300 Bank of the Philippines Islands(a) 40,302
326,200 SM Prime Holdings 51,715
------------
92,017
- ------------------------------------------------------------
Portugal--0.3%
5,685 PT Multimedia SGPS S.A.(a) 224,032
- ------------------------------------------------------------
Singapore--0.3%
9,445 DBS Group Holdings Ltd. 122,487
14,000 NatSteel Electronics Ltd. 57,882
38,000 OMNI Industries Ltd. 48,602
------------
228,971
</TABLE>
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 4

<PAGE>
Portfolio of Investments as of
November 30, 1999 (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Value
Shares Description (Note 1)
<C> <S> <C>
- ------------------------------------------------------------
South Korea--1.6%
9,200 Housing & Commercial Bank $ 257,925
4,490 Samsung Electronics(a) 348,587
1,700 Samsung Electronics Co.(a) 351,952
15,160 Samsung Electronics Co., Ltd.(a) 315,166
------------
1,273,630
- ------------------------------------------------------------
Spain--1.8%
9,116 Acerinox, S.A.(a) 281,000
18,870 Asturiana de Zinc, S.A. 208,715
16,816 Azkoyen, S.A. 151,779
13,121 Centros Comerciales Continente, S.A. 296,467
5,228 Mapfre Vida 138,243
17,607 NH Hoteles S.A. 209,822
100,040 Tubacex S.A. 186,434
------------
1,472,460
- ------------------------------------------------------------
Sweden--1.0%
11,503 Boss Media AB 220,411
1,603 Information Highway AB 112,497
3,356 Mo och Domsjo AB 109,673
7,505 NetCom Systems AB 388,625
------------
831,206
- ------------------------------------------------------------
Switzerland--3.1%
385 Adecco, S.A. 246,193
694 Geberit International AG(a) 222,548
486 Micronas Semiconductor Holding AG 119,178
338 Mikron Holding AG(a) 119,439
359 PubliGroupe S.A. 334,079
746 Saurer AG(a) 349,453
578 SEZ Holding AG 223,510
1,288 Swisslog Holding AG 228,380
592 Synthes-Stratec, Inc.(a) 230,785
530 The Swatch Group AG 455,552
------------
2,529,117
- ------------------------------------------------------------
Taiwan--0.9%
20,800 Acer, Inc. (GDR)(a) 241,280
10,900 Asustek Computer, Inc. GDR 171,457
1,500 Taiwan Semiconductor Mfg Co., Ltd.
Sponsored ADR(a) $ 53,745
76,000 United Microelectronics Corp., Ltd. 213,544
------------
680,026
- ------------------------------------------------------------
Thailand--0.5%
8,800 Advanced Info Service Public Co.,
Ltd. 125,891
17,200 Bangkok Bank Public Co., Ltd. 36,821
13,300 BEC World Public Co., Ltd. 74,334
55,100 TelecomAsia Corp., Ltd 54,387
89,000 Thai Farmers Bank Public Co., Ltd. 119,792
------------
411,225
- ------------------------------------------------------------
United Kingdom--9.4%
81,540 Aegis Group PLC 234,468
231,492 Aggregate Industries PLC 262,564
23,322 Amvescap PLC 241,797
73,339 Ashtead Group PLC 207,372
4,624 Baltimore Technologies PLC(a) 217,912
52,972 Berisford PLC 274,178
51,506 Billiton PLC 249,517
14,484 Bioglan Pharma PLC(a) 145,308
45,079 Bodycote International PLC 219,642
25,616 Capita Group PLC 464,255
51,210 Cattles PLC 272,625
22,333 Compass Group PLC 271,145
11,491 Dixons Group PLC(a) 250,204
28,225 Dorling Kindersley Holdings PLC 126,250
2,681 Eidos PLC(a) 237,744
52,402 Electron Boutique PLC 36,415
15,498 EMAP PLC 273,577
3,654 Energis PLC(a) 149,142
77,126 FKI PLC(a) 235,329
28,383 Geest PLC 204,945
16,640 ITNET PLC 170,127
52,208 Mowlem (John) & Co. PLC 98,415
4,476 NDS Group PLC ADR(a) 135,959
9,599 NXT PLC 200,114
216,599 Scoot.com PLC 321,796
14,381 Serco Group PLC 447,297
112,167 Skyepharma PLC(a) 102,136
99,566 Stagecoach Holdings PLC 250,514
73,768 Thus, PLC 461,950
2,306 Vitec Group PLC 19,893
23,715 WPP Group PLC 339,034
</TABLE>
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 5

<PAGE>
Portfolio of Investments as of
November 30, 1999 (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Value
Shares Description (Note 1)
<C> <S> <C>
- ------------------------------------------------------------
United Kingdom (cont'd.)
1,504 BATM Advanced Communications Ltd. $ 98,508
7,394 Dialog Semiconductor PLC (a) 454,349
------------
7,674,481
- ------------------------------------------------------------
United States--46.1%
61,600 Advanced Lighting Technologies,
Inc.(a) 338,800
4,900 Advanced Semiconductor Engineering,
Inc.(a) 109,270
42,100 Alterra Healthcare Corp.(a) 318,381
30,500 American Management Systems, Inc.(a) 895,937
8,500 American Xtal Technology, Inc. 131,750
72,000 AmeriSource Health Corp.(a) 891,000
19,300 Apollo Group, Inc. 518,687
18,700 Applied Power, Inc. 597,231
28,400 Architel Systems Corp.(a) 390,500
5,529 Autonomy Corp. PLC(a) 219,778
5,100 BJ Services Co.(a) 177,863
31,600 Bright Horizons Family Solutions,
Inc.(a) 487,825
99,100 Brightpoint, Inc.(a) 1,096,294
89,900 Cellstar Corp.(a) 865,287
14,600 Centerpoint Properties Trust 507,350
43,700 Chattem, Inc.(a) 843,956
11,000 Cheap Tickets, Inc.(a) 183,563
27,700 Clearnet Communications, Inc. 723,662
6,000 Commscope, Inc. 252,750
18,600 Consolidated Products, Inc. 195,300
21,800 Eaton Vance Corp. 783,437
12,900 Edison Schools, Inc.(a) 233,006
5,200 Electro Scientific Industries,
Inc.(a) 303,875
2,700 Emmis Communications Corp. Class
A(a) 218,700
4,900 Enhance Financial Services Group,
Inc. 83,913
103,650 Family Golf Centers, Inc.(a) 171,670
14,700 Financial Security Assurance
Holdings Ltd. 776,344
9,500 Forest Oil Corp.(a) 108,656
14,500 Galileo Technology Ltd.(a) 330,781
64,000 Gaylord Container Corp.(a) 400,000
10,200 Gentex Corp.(a) 190,613
11,200 Graco, Inc. 368,900
25,700 GST Telecommunications, Inc. 220,056
83,050 HA-LO Industries, Inc.(a) 519,062
51,500 Hollywood Entertainment Corp.(a) 727,437
8,200 Hyperion Solutions Corp.(a) 224,475
23,800 ICG Communications, Inc.(a) 450,712
46,200 Imax Corp.(a) 1,255,341
12,700 Invivo Corp.(a) 165,100
32,700 Jack in the Box, Inc.(a) $ 688,744
17,500 Kilroy Realty Corp.(a) 332,500
1,100 Lam Research Corp.(a) 85,388
13,100 Lason, Inc.(a) 319,312
15,600 Liberty Property Trust 355,875
64,100 Mail-Well, Inc.(a) 765,194
10,000 MapQuest. com, Inc.(a) 248,750
23,900 Marine Drilling Co., Inc.(a) 403,312
40,500 Marketing Specialists Corp.(a) 146,813
3,200 MarketWatch.com, Inc.(a) 150,400
5,100 Media Metrix, Inc.(a) 188,700
20,529 Medical Assurance, Inc.(a) 450,355
700 Metasolv Software, Inc.(a) 43,181
10,600 Metro One Telecommunication, Inc.(a) 106,000
17,300 MIIX Group, Inc. 235,712
27,900 Milacron, Inc. 406,294
32,600 Modis Professional Services, Inc. 348,412
5,400 Natural Microsystems Corp.(a) 197,775
10,400 Network Associates, Inc.(a) 262,600
12,400 Newfield Exploration Co.(a) 320,075
9,000 Newmont Mining Corp. 213,188
5,670 Pac-West Telecomm, Inc.(a) 144,585
37,000 Pairgain Technologies, Inc.(a) 564,250
10,300 Plexus Corp.(a) 405,562
35,400 PSS World Medical, Inc.(a) 355,106
10,259 Radian Group, Inc. 501,409
67,600 Remec, Inc. 866,125
37,500 Renaissance Worldwide, Inc. 178,125
38,400 Renal Care Group, Inc.(a) 787,200
38,800 Res-Care, Inc.(a) 458,325
1,700 Safeguard Scientifics, Inc. 188,913
3,100 SanDisk Corp.(a) 204,794
36,300 Santa Fe Snyder Corp.(a) 290,400
34,200 Scientific Games Holdings
Corp.(a)(b) 609,187
17,900 Sinclair Broadcast Group, Inc. Class
A(a) 205,850
14,900 Skywest, Inc. 365,050
149,300 Stewart Enterprises, Inc. 760,497
10,700 Sunrise Assisted Living, Inc.(a) 140,438
29,500 Swift Energy Co.(a) 328,187
25,900 Tech Data Corp.(a) 634,550
6,000 Tektronix, Inc. 204,000
600 TeleCorp PCS, Inc.(a) 21,638
11,300 The BISYS Group, Inc.(a) 654,694
11,300 The Cheesecake Factory, Inc. 350,300
79,500 Total Renal Care Holdings, Inc.(a) 566,437
30,600 Tower Automotive, Inc.(a) 459,000
29,000 TriStar Aerospace Co.(a) 273,688
</TABLE>
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 6

<PAGE>
Portfolio of Investments as of
November 30, 1999 (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- ------------------------------------------------------------
<TABLE>
<CAPTION>

Value
Shares Description (Note 1)
<C> <S> <C>
- ------------------------------------------------------------
United States (cont'd.)
47,500 United Natural Foods, Inc. $ 397,812
4,600 USWeb Corp.(a) 190,613
62,100 Vari-Lite International, Inc.(a) 65,981
9,800 Veeco Instruments, Inc.(a) 405,475
25,700 Wabash National Corp. 377,469
5,700 Western Wireless Corp.(a) 333,806
22,800 Whole Foods Market, Inc. 896,325
45,900 Windmere-Durable Holdings, Inc. 656,944
27,000 Zany Brainy, Inc.(a) 273,375
------------
37,661,952
------------
Total common stocks
(cost US$70,563,841) 78,605,238
------------
PREFERRED STOCKS--0.7%
------------------------------------------------------------
Brazil--0.3%
9,900 Companhia Vale do Rio Doce(a) 238,207
- ------------------------------------------------------------
Germany--0.4%
114 Porsche AG(a) 310,062
------------
Total preferred stocks
(cost US$503,039) 548,269
------------
WARRANTS(a)
- ------------------------------------------------------------
Canada
6,600 Sedna Geotech, Inc.
Expiring 3/23/01 @ CAD 0 0
- ------------------------------------------------------------
Indonesia
123,900 Bank Pan Indonesia
Expiring 7/8/02 @ IDR 500 3,214
------------
Total warrants
(cost US$0) 3,214
------------

Principal
Amount Value
(000) Description (Note 1)
<C> <S> <C>
- ------------------------------------------------------------
CORPORATE BOND
- ------------------------------------------------------------
United States
$ 163 Family Golf Centers Inc.
Subordinated Notes 5.75%,
10/15/04
(cost US$45,029) $ 49,715
------------
Total long-term investments
(cost US$71,111,909) 79,206,436
------------
SHORT-TERM INVESTMENT--1.5%
- ------------------------------------------------------------
REPURCHASE AGREEMENT
- ------------------------------------------------------------
United States
1,192 Joint Repurchase Agreement Account,
5.512%, 12/01/99
(cost US$1,192,000; Note 5) 1,192,000
------------
- ------------------------------------------------------------
Total Investments--98.4%
(cost US$72,303,909; Note 4) 80,398,436
Other assets in excess of
liabilities--1.6% 1,344,403
------------
Net Assets--100% $ 81,742,839
------------
------------
</TABLE>
- ---------------
(a) Non-income producing security.
(b) All or partial amount of security is segregated as collateral for financial
futures transactions. Aggregate market value of $398,957 segregated at
11/30/99.
ADR--American Depository Receipt.
GDR--Global Depository Receipt.
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 7

<PAGE>
Portfolio of Investments as
of November 30, 1999 (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- ------------------------------------------------------------
The industry classification of portfolio holdings and other assets in excess of
liabilities shown as a percentage of net assets as of November 30, 1999 was as
follows:

Electronic Components............................. 5.0%
Consumer Goods.................................... 3.4
Foods............................................. 3.4
Retail............................................ 3.3
Medical Technology................................ 3.1
Oil & Gas Exploration/Production.................. 3.1
Distribution/Wholesalers.......................... 3.0
Computer Software & Services...................... 2.9
Telecommunication Services........................ 2.8
Steel & Metals.................................... 2.7
Diversified Operations............................ 2.5
Telecommunications................................ 2.5
Data Processing & Reproduction.................... 2.3
Health Services................................... 2.3
Auto Related...................................... 2.2
Financial Services................................ 2.2
Real Estate....................................... 2.0
Electronics....................................... 1.7
Machinery & Engineering........................... 1.7
Banking........................................... 1.6
Commercial Services............................... 1.6
Communications.................................... 1.6
Chemicals......................................... 1.5
Restaurants....................................... 1.5
Health Care....................................... 1.4
Leisure & Tourism................................. 1.4
Media............................................. 1.4
Technology........................................ 1.4
Computers......................................... 1.3
Telephones........................................ 1.3
Beverages......................................... 1.2
Drugs & Medical Supplies.......................... 1.2
Printing & Publishing............................. 1.2
Aerospace/Defense................................. 1.1
Basic Industries-Manufacturing.................... 1.1
Containers & Packaging............................ 1.1
Cellular Communications........................... 1.0
Information Services.............................. 1.0%
Insurance......................................... 1.0
Paper & Forest Products........................... 1.0
Finance........................................... 0.9
Human Resources................................... 0.9
Miscellaneous..................................... 0.9
Schools........................................... 0.6
Advertising....................................... 0.8
Construction...................................... 0.8
Building & Construction........................... 0.7
Building & Products............................... 0.7
Industrial Machinery.............................. 0.7
Internet.......................................... 0.7
Miscellaneous Manufacturing....................... 0.7
Semi-Conductor & Related Devices.................. 0.7
Diversified Resources............................. 0.6
Industrial Components............................. 0.6
Integrated Pruducers.............................. 0.6
Audio/Visual...................................... 0.5
Gold Mines........................................ 0.5
Mineral Resources................................. 0.5
Airlines.......................................... 0.4
Diversified Industries............................ 0.4
Food Products & Services.......................... 0.4
Transportation.................................... 0.4
Electrical Goods.................................. 0.3
Equipment Leasing/Rental.......................... 0.3
Holding Companies................................. 0.3
Investment Companies.............................. 0.3
Telecommunications Equipment...................... 0.3
Television & Communication Equipment.............. 0.3
Oil & Gas Services................................ 0.2
Tobacco........................................... 0.2
Electrical Equipment.............................. 0.1
Network Systems................................... 0.1
Rubber............................................ 0.1
Repurchase Agreement.............................. 1.5
------
Total Investments................................. 98.4
Other assets in excess of liabilities............. 1.6
------
Net Assets........................................ 100.0%
------
------
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 8

<PAGE>
Statement of Assets and Liabilities
(Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Assets November 30, 1999
<S> <C>
Investments, at value (cost $72,303,909)................................................................ $ 80,398,436
Foreign currency, at value (cost $604,980).............................................................. 649,265
Receivable for investments sold......................................................................... 2,915,814
Dividends receivable.................................................................................... 92,054
Receivable for Fund shares sold......................................................................... 81,695
Forward currency contracts - amount receivable from counterparties...................................... 62,894
Prepaid expenses and other assets....................................................................... 4,843
-----------------
Total assets......................................................................................... 84,205,001
-----------------
Liabilities
Payable for investments purchased....................................................................... 1,639,728
Accrued expenses and other liabilities.................................................................. 277,654
Forward currency contracts - amount payable to counterparties........................................... 233,857
Payable for Fund shares purchased....................................................................... 173,369
Management fee payable.................................................................................. 65,822
Distribution fee payable................................................................................ 47,772
Variation margin payable................................................................................ 20,496
Withholding taxes payable............................................................................... 3,464
-----------------
Total liabilities.................................................................................... 2,462,162
-----------------
Net Assets.............................................................................................. $ 81,742,839
-----------------
-----------------
Net assets were comprised of:
Common stock, at par................................................................................. $ 53,390
Paid-in capital in excess of par..................................................................... 79,709,823
-----------------
79,763,213
Accumulated net investment loss...................................................................... (245,059)
Accumulated net realized loss on investments......................................................... (5,748,660)
Net unrealized appreciation on investments and foreign currencies.................................... 7,973,345
-----------------
Net assets, November 30, 1999........................................................................... $ 81,742,839
-----------------
-----------------
Class A:
Net asset value and redemption price per share
($33,859,881 / 2,078,404 shares of common stock issued and outstanding)........................... $16.29
Maximum sales charge (5% of offering price).......................................................... .86
-----------------
Maximum offering price to public..................................................................... $17.15
-----------------
-----------------
Class B:
Net asset value, offering price and redemption price per share
($46,390,100 / 3,163,394 shares of common stock issued and outstanding)........................... $14.66
-----------------
-----------------
Class C:
Net asset value and redemption price per share
($905,954 / 61,778 shares of common stock issued and outstanding)................................. $14.66
Sales charge (1% of offering price).................................................................. .15
-----------------
Offering price to public............................................................................. $14.81
-----------------
-----------------
Class Z:
Net asset value, offering price and redemption price per share
($586,905 / 35,449 shares of common stock issued and outstanding)................................. $16.56
-----------------
-----------------
</TABLE>
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 9

<PAGE>
PRUDENTIAL GLOBAL GENESIS FUND, INC.
Statement of Operations (Unaudited)
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Six Months
Ended
Net Investment Income November 30, 1999
<S> <C>
Income
Dividends (net of foreign withholding
taxes of $40,319).................. $ 346,147
Interest.............................. 39,148
-----------------
Total income....................... 385,295
-----------------
Expenses
Management fee........................ 389,747
Distribution fee--Class A............. 40,170
Distribution fee--Class B............. 222,880
Distribution fee--Class C............. 4,107
Custodian's fees and expenses......... 180,000
Transfer agent's fees and expenses.... 124,000
Registration fees..................... 30,000
Audit fee and expenses................ 16,000
Reports to shareholders............... 15,000
Directors' fees....................... 10,000
Legal fees and expenses............... 5,000
Miscellaneous......................... 4,856
-----------------
Total expenses..................... 1,041,760
-----------------
Net investment loss...................... (656,465)
-----------------
Realized and Unrealized Gain (Loss)
on Investments and Foreign
Currency Transactions
Net realized gain on:
Investment transactions............... 10,419,872
Foreign currency transactions......... 431,409
Financial futures contracts........... 6,648
-----------------
10,857,929
-----------------
Net change in unrealized appreciation
(depreciation) on:
Investments........................... 3,880,595
Foreign currencies.................... (405,525)
Financial futures contracts........... 46,093
-----------------
3,521,163
-----------------
Net gain on investments and foreign
currencies............................ 14,379,092
-----------------
Net Increase in Net Assets
Resulting from Operations................ $ 13,722,627
-----------------
-----------------
</TABLE>

PRUDENTIAL GLOBAL GENESIS FUND, INC.
Statement of Changes in Net Assets (Unaudited)
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Six Months
Ended Year Ended
Increase (Decrease) November 30, May 31,
in Net Assets 1999 1999
<S> <C> <C>
Operations
Net investment loss............ $ (656,465) $ (1,126,573)
Net realized gain (loss) on
investments and foreign
currency transactions....... 10,857,929 (13,226,899)
Net change in unrealized
appreciation (depreciation)
on investments and foreign
currencies.................. 3,521,163 (1,275,835)
------------ ------------
Net increase (decrease) in net
assets resulting from
operations.................. 13,722,627 (15,629,307)
------------ ------------
Distributions from net realized
gains (Note 1)
Class A........................ -- (1,572,601)
Class B........................ -- (2,669,626)
Class C........................ -- (43,207)
Class Z........................ -- (13,402)
------------ ------------
-- (4,298,836)
------------ ------------
Fund share transactions (Net of
share conversions) (Note 6)
Net proceeds from shares
subscribed.................. 32,803,256 36,835,124
Net asset value of shares
issued to shareholders in
reinvestment of
distributions............... -- 4,115,350
Cost of shares reacquired...... (41,304,896) (77,430,853)
------------ ------------
Net decrease in net assets from
Fund share transactions..... (8,501,640) (36,480,379)
------------ ------------
Total increase (decrease)......... 5,220,987 (56,408,522)
Net Assets
Beginning of period............... 76,521,852 132,930,374
------------ ------------
End of period..................... $ 81,742,839 $ 76,521,852
------------ ------------
------------ ------------
</TABLE>
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 10

<PAGE>
Notes to Financial Statements
(Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
Prudential Global Genesis Fund, Inc., (the 'Fund'), is registered under the
Investment Company Act of 1940 as a diversified, open-end management investment
company. The Fund's investment objective is long-term growth of capital which it
seeks to achieve by investing primarily in equity securities of foreign and
domestic companies with market capitalizations of less than U.S. $1 billion, as
measured at time of purchase.

- ------------------------------------------------------------
Note 1. Accounting Policies

The following is a summary of significant accounting policies followed by the
Fund in the preparation of its financial statements.

Security Valuation: Securities traded on an exchange and NASDAQ National Market
System are valued at the last sale price on such exchange system or, if there
was no sale on such day, at the mean between the last bid and asked prices, or
at the bid price in the absence of an asked price. Corporate bonds (other than
convertible) and U.S. government securities are valued on the basis of
valuations provided by an independent pricing agent or principal market maker.
Convertible debt securities are valued at the mean between the last reported bid
and asked prices provided by principal market makers. Options are valued at the
mean between the most recently quoted bid and asked prices on the exchange on
which they are traded. Futures contracts and options thereon are valued at their
last sale prices as of the close of trading on the applicable commodities
exchange. Securities for which reliable market quotations are not readily
available are valued by the Valuation Committee or Board of Directors in
consultation with the manager or subadvisor.

Short-term securities which mature in more than 60 days are valued at current
market quotations. Short-term securities which mature in 60 days or less are
valued at amortized cost which approximates market value.

Repurchase Agreements: In connection with transactions in repurchase agreements
with U.S. financial institutions, it is the Fund's policy that its custodian or
designated subcustodians, as the case may be under triparty repurchase
agreements, take possession of the underlying collateral securities, the value
of which exceeds the principal amount of the repurchase transaction including
accrued interest. If the seller defaults and the value of the collateral
declines or if bankruptcy proceedings are commenced with respect to the seller
of the security, realization of the collateral by the Fund may be delayed or
limited.

Foreign Currency Translation: The books and records of the Fund are maintained
in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on
the following basis:

(i) market value of investment securities, other assets and liabilities--at the
daily closing rates of exchange.

(ii) purchases and sales of investment securities, income and expenses--at the
rate of exchange prevailing on the respective dates of such transactions.
Although the net assets of the Fund are presented using the foreign exchange
rates and market values at the close of the period, the Fund does not isolate
that portion of the results of operations arising as a result of changes in the
foreign exchange rates from the fluctuations arising from changes in the market
prices of securities held at the period end. Similarly, the Fund does not
isolate the effect of changes in foreign exchange rates from the fluctuations
arising from changes in the market prices of long-term portfolio securities sold
during the period. Accordingly, these realized foreign currency gains (losses)
are included in the reported net realized gain (loss) on investment
transactions.

Net realized gain (loss) on foreign currency transactions represent net foreign
exchange gains or losses from disposition of foreign currencies, currency gains
or losses realized between the trade and settlement dates on security
transactions, and the difference between the amounts of dividends, interest and
foreign taxes recorded on the Fund's books and the U.S. dollar equivalent
amounts actually received or paid. Net unrealized currency gains and losses from
valuing foreign currency denominated assets and liabilities (other than
investments) at period-end exchange rates are reflected as a component of net
unrealized appreciation on investments and foreign currencies.

Foreign security and currency transactions may involve certain considerations
and risks not typically associated with those of domestic origin as a result of,
among other factors, the possibility of political and economic instability and
the level of governmental supervision and the regulation of foreign securities
markets.

Forward Currency Contracts: A forward currency contract is a commitment to
purchase or sell a foreign currency at a future date at a negotiated forward
rate. The Fund enters into forward currency contracts in order to hedge its
exposure to changes in foreign currency exchange rates on its foreign portfolio
holdings or on specific receivable and payables denominated in a foreign
currency. The contracts are valued daily at current exchange rates and any
unrealized gain or loss is included in net unrealized appreciation or
depreciation on investments. Gain or loss is realized on the settlement date of
the contract equal to the difference between the settlement value of the
original and renegotiated forward contracts. This gain or loss, if any, is
included in net realized gain (loss) on foreign currency transactions. Risks may
arise upon entering into these contracts from the potential inability of the
counterparties to meet the terms of their contracts.

Securities Transactions and Investment Income: Securities transactions are
recorded on the trade date. Realized gains and losses from investment and
currency transactions are calculated on the identified cost basis. Dividend
income is recorded on the ex-dividend date and interest income is
- --------------------------------------------------------------------------------
11

Net investment income (other than distribution fees) and unrealized and realized
gains or losses are allocated daily to each class of shares of the Fund based
upon the relative proportion of net assets of each class at the beginning of the
day.

Financial Futures Contracts: A financial futures contract is an agreement to
purchase (long) or sell (short) an agreed amount of securities at a set price
for delivery on a future date. Upon entering into a financial futures contract,
the Fund is required to pledge to the broker an amount of cash and/or other
assets equal to a certain percentage of the contract amount. This amount is
known as the 'initial margin.' Subsequent payments, known as 'variation margin,'
are made or received by the Fund each day, depending on the daily fluctuations
in the value of the underlying security. Such variation margin is recorded for
financial statement purposes on a daily basis as unrealized gain or loss. When
the contract expires or is closed, the gain or loss is realized and is presented
in the statement of operations as net realized gain (loss) on financial futures
contracts.

The Fund invests in financial futures contracts in order to hedge existing
portfolio securities, or securities the Fund intends to purchase, against
fluctuations in value. Under a variety of circumstances, the Fund may not
achieve the anticipated benefits of the financial futures contracts and may
realize a loss. The use of futures transactions involves the risk of imperfect
correlation in movements in the price of futures contracts and the underlying
assets.

Taxes: It is the Fund's policy to continue to meet the requirements of the
Internal Revenue Code applicable to regulated investment companies and to
distribute all of its taxable income to shareholders. Therefore, no federal
income tax provision is required.

Withholding taxes on foreign interest, dividends and capital gains have been
provided for in accordance with the Fund's understanding of the applicable
country's tax rules and rates.

Dividends and Distributions: The Fund expects to pay dividends of net investment
income and distributions of net realized capital gains, if any, at least
annually. Dividends and distributions are recorded on the ex-dividend date.

Income distributions and capital gain distributions are determined in accordance
with income tax regulations which may differ from generally accepted accounting
principles. These differences are primarily due to differing treatments of wash
sales, accounting for passive foreign investment companies and foreign currency
transactions.

Reclassification of Capital Accounts: The Fund accounts for and reports
distributions to shareholders in accordance with the American Institute of
Certified Public Accountants Statement of Position 93-2: Determination,
Disclosure, and Financial Statement Presentation of Income; Capital Gain, and
Return of Capital Distributions by Investment Companies. The effect of applying
this statement was to decrease accumulated net investment loss and to increase
accumulated net realized loss on investments by $431,409 relating to net
realized foreign currency gains. Net investment income, net realized gains and
net assets were not affected by this change.

- ------------------------------------------------------------
Note 2. Agreements

The Fund has a management agreement with Prudential Investments Fund Management
LLC ('PIFM'). Pursuant to this agreement, PIFM has responsibility for all
investment advisory services and supervises the subadvisor's performance of such
services. PIFM has entered into a subadvisory agreement with The Prudential
Investment Corporation ('PIC'); PIC furnishes investment advisory services in
connection with the management of the Fund. PIFM pays for the services of PIC,
the cost of compensation of officers of the Fund, occupancy and certain clerical
and bookkeeping costs of the Fund. The Fund bears all other costs and expenses.

The management fee paid PIFM is computed daily and payable monthly, at an annual
rate of 1% of the average daily net assets of the Fund.

The Fund has a distribution agreement with Prudential Investment Management
Services LLC ('PIMS'), which acts as the distributor of the Class A, Class B,
Class C and Class Z shares of the Fund. The Fund compensates PIMS for
distributing and servicing the Fund's Class A, Class B and Class C shares,
pursuant to plans of distribution (the 'Class A, B and C Plans'), regardless of
expenses actually incurred by them. The distribution fees are accrued daily and
payable monthly. No distribution or service fees are paid to PIMS as distributor
of the Class Z shares of the Fund.

Pursuant to the Class A, B and C Plans, the Fund compensates PIMS for its
distribution related activities at an annual rate of up to .30 of 1%, 1% and 1%
of the average daily net assets of the Class A, B and C shares, respectively.
Such expenses under the Plans were .25 of 1%, 1% and 1% of the average daily net
assets of the Class A, Class B and Class C shares, respectively, for the six
months ended November 30, 1999.

PIMS has advised the Fund that it received approximately $5,900 and $300 in
front-end sales charges resulting from sales of Class A and Class C shares,
respectively, during the six months ended November 30, 1999. From these fees,
PIMS paid such sales charges to dealers, which in turn paid commissions to
salespersons and incurred other distribution costs.

PIMS has advised the Fund that for the six months ended November 30, 1999, it
received approximately $38,200 in contingent deferred sales charges imposed upon
redemptions by certain Class B shareholders.
- --------------------------------------------------------------------------------
12

As of March 11, 1999, the Fund, along with other affiliated registered
investment companies (the 'Funds'), entered into a syndicated credit agreement
('SCA') with an unaffiliated lender. The maximum commitment under the SCA is $1
billion. Interest on any borrowings will be at market rates. The Funds pay a
commitment fee at an annual rate of .065 of 1% on the unused portion of the
credit facility, which is accrued and paid quarterly on a pro rata basis by the
Funds. The SCA expires on March 9, 2000. Prior to March 11, 1999, the Funds had
a credit agreement with a maximum commitment of $200,000,000. The commitment fee
was .055 of 1% on the unused portion of the credit facility. The Fund did not
borrow any amounts pursuant to either agreement during the six months ended
November 30, 1999. The purpose of the agreements is to serve as an alternative
source of funding for capital share redemptions.

- ------------------------------------------------------------
Note 3. Other Transactions With Affiliates

Prudential Mutual Fund Services LLC ('PMFS'), a wholly owned subsidiary of PIFM,
serves as the Fund's transfer agent and during the six months ended November 30,
1999, the Fund incurred fees of approximately $112,600 for the services of PMFS.
As of November 30, 1999, approximately $18,400 of such fees were due to PMFS.
Transfer agent fees and expenses in the Statement of Operations include certain
out-of-pocket expenses paid to nonaffiliates.

- ------------------------------------------------------------
Note 4. Portfolio Securities

Purchases and sales of investment securities, other than short-term investments,
for the six months ended November 30, 1999 aggregated $68,588,422 and
$68,032,003, respectively.

The federal income tax basis of the Fund's investments at November 30, 1999 was
$72,798,545 and accordingly, net unrealized appreciation for federal income tax
purposes was $7,599,892 (gross unrealized appreciation--$15,234,535; gross
unrealized depreciation--$7,634,643).

For federal income tax purposes, the Fund had a capital loss carryforward as of
November 30, 1999, of approximately $12,061,400 which expires in 2007.
Accordingly, no capital gains distribution is expected to be paid to
shareholders until net gains have been realized in excess of this amount. In
addition, the Fund elected to treat net capital losses of approximately
$2,483,800 incurred in the seven month period ended May 31, 1999 as having
incurred in the current fiscal year.

At November 30, 1999 the Fund had outstanding forward currency contracts both to
purchase and sell foreign currencies as follows:
<TABLE>
<CAPTION>
Value at
Forward Currency Settlement Current Appreciation
Purchase Contracts Date Payable Value (Depreciation)
- ------------------------ --------------- ---------- --------------
<S> <C> <C> <C>
Euro,
expiring 01/10/00 -
2/18/00 $ 3,772,790 $3,601,509 $ (171,281)
Japanese Yen,
expiring 12/1/99 368,627 431,521 62,894
--------------- ---------- --------------
$ 4,141,417 $4,033,030 $ (108,387)
--------------- ---------- --------------
--------------- ---------- --------------
<CAPTION>
Value at
Forward Currency Settlement Current
Sale Contracts Date Receivable Value Depreciation
- ------------------------ --------------- ---------- --------------
<S> <C> <C> <C>
Hong Kong Dollars,
expiring 4/26/00 $ 894,083 $ 900,138 $ (6,055)
Japanese Yen,
expiring 12/1/99 375,000 431,521 (56,521)
--------------- ---------- --------------
$ 1,269,083 $1,331,659 $ (62,576)
--------------- ---------- --------------
--------------- ---------- --------------
</TABLE>

During the six months ended November 30, 1999, the Fund entered into financial
futures contracts. Details of open contracts at November 30, 1999 are as
follows:
<TABLE>
<CAPTION>
Expira- Value at Value at
Number of tion Trade November 30, Unrealized
Contracts Type Date Date 1999 Appreciation
- -------------- ---------- --------- -------- ------------ ------------
<S> <C> <C> <C> <C> <C>
Long Position:
Nikkei
10 225 IMM Dec. 1999 $880,725 $923,750 $ 43,025
Nikkei
5 225 SMX Dec. 1999 439,725 442,793 3,068
------
$ 46,093
------
------
</TABLE>

- ------------------------------------------------------------
Note 5. Joint Repurchase Agreement Account

The Fund, along with other affiliated registered investment companies, transfers
uninvested cash balances into a single joint account, the daily aggregate
balance of which is invested in one or more repurchase agreements collateralized
by U.S. Treasury or federal agency obligations. At November 30, 1999, the Fund
had an .18% undivided interest in the repurchase agreements in the joint
account. The undivided interest for the Fund represented $1,192,000 principal
amount. As of such date, each repurchase agreement in the joint account and the
value of the collateral therefore were as follows:

Bear, Stearns & Co. Inc., 5.68%, in the principal amount of $210,000,000,
repurchase price $210,033,133, due 12/1/99. The value of the collateral
including accrued interest was $214,561,994.

Deutsche Bank Securities Inc., 5.41%, in the principal amount of $30,000,000,
repurchase price $30,004,508, due 12/1/99. The value of the collateral including
accrued interest was $30,600,246.
- --------------------------------------------------------------------------------
13

<PAGE>
Notes to Financial Statements (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
Goldman, Sachs & Co., 5.45%, in the principal amount of $210,000,000, repurchase
price $210,031,792, due 12/1/99. The value of the collateral including accrued
interest was $214,200,305.

Warburg Dillon Read LLC, 5.42%, in the principal amount of $202,578,000,
repurchase price $202,608,499, due 12/1/99. The value of the collateral
including accrued interest was $206,633,395.

- ------------------------------------------------------------
Note 6. Capital

The Fund offers Class A, Class B, Class C and Class Z shares. Class A shares are
sold with a front-end sales charge of up to 5%. Class B shares are sold with a
contingent deferred sales charge which declines from 5% to zero depending on the
period of time the shares are held. Class C shares are sold with a front-end
sales charge of 1% and a contingent deferred sales charge of 1% during the first
18 months. Class B shares will automatically convert to Class A shares on a
quarterly basis approximately seven years after purchase. A special exchange
privilege is also available for shareholders who qualify to purchase Class A
shares at net asset value. Class Z shares are not subject to any sales or
redemption charge and are offered exclusively for sale to a limited group of
investors.

The Fund has authorized 500 million shares of common stock at $.01 par value per
share equally divided into four classes, designated Class A, Class B, Class C
and Class Z common stock.

Transactions in shares of common stock were as follows:
<TABLE>
<CAPTION>
Class A Shares Amount
- ------------------------------------ ---------- -------------
<S> <C> <C>
Six months ended November 30, 1999:
Shares sold......................... 1,570,670 $ 23,102,633
Shares reacquired................... (1,795,335) (26,561,067)
---------- -------------
Net decrease in shares outstanding
before conversion................. (224,665) (3,458,434)
Shares issued upon conversion from
Class B........................... 67,178 976,025
---------- -------------
Net decrease in shares
outstanding....................... (157,487) $ (2,482,409)
---------- -------------
---------- -------------
Year ended May 31, 1999:
Shares sold......................... 1,307,033 $ 17,119,393
Shares issued in reinvestment of
dividends and distributions....... 125,209 1,518,783
Shares reacquired................... (2,413,140) (31,601,691)
---------- -------------
Net decrease in shares outstanding
before conversion................. (980,898) (12,963,515)
Shares issued upon conversion from
Class B........................... 229,265 3,092,944
---------- -------------
Net decrease in shares
outstanding....................... (751,633) $ (9,870,571)
---------- -------------
---------- -------------
<CAPTION>
Class B Shares Amount
- ------------------------------------ ---------- -------------
<S> <C> <C>
Six months ended November 30, 1999:
Shares sold......................... 698,474 $ 9,264,230
Shares reacquired................... (1,093,059) (14,529,457)
---------- -------------
Net decrease in shares outstanding
before conversion................. (394,585) (5,265,227)
Shares reacquired upon conversion
into Class A...................... (74,429) (976,025)
---------- -------------
Net decrease in shares
outstanding....................... (469,014) $ (6,241,252)
---------- -------------
---------- -------------
Year ended May 31, 1999:
Shares sold......................... 1,636,557 $ 19,242,095
Shares issued in reinvestment of
dividends and distributions....... 231,285 2,544,131
Shares reacquired................... (3,767,958) (44,643,135)
---------- -------------
Net decrease in shares outstanding
before conversion................. (1,900,116) (22,856,909)
Shares reacquired upon conversion
into Class A...................... (251,572) (3,092,944)
---------- -------------
Net decrease in shares
outstanding....................... (2,151,688) $ (25,949,853)
---------- -------------
---------- -------------
<CAPTION>
Class C
- ------------------------------------
<S> <C> <C>
Six months ended November 30, 1999:
Shares sold......................... 6,564 $ 87,548
Shares reacquired................... (8,475) (111,838)
---------- -------------
Net decrease in shares
outstanding....................... (1,911) $ (24,290)
---------- -------------
---------- -------------
Year ended May 31, 1999:
Shares sold......................... 19,424 $ 223,833
Shares issued in reinvestment of
dividends and distributions....... 3,823 42,055
Shares reacquired................... (44,892) (538,422)
---------- -------------
Net decrease in shares
outstanding....................... (21,645) $ (272,534)
---------- -------------
---------- -------------
<CAPTION>
Class Z
- ------------------------------------
<S> <C> <C>
Six months ended November 30, 1999:
Shares sold......................... 22,844 $ 348,845
Shares reacquired................... (6,613) (102,534)
---------- -------------
Net increase in shares
outstanding....................... 16,231 $ 246,311
---------- -------------
---------- -------------
Year ended May 31, 1999:
Shares sold......................... 19,195 $ 249,803
Shares issued in reinvestment of
dividends and distributions....... 844 10,381
Shares reacquired................... (48,824) (647,605)
---------- -------------
Net decrease in shares
outstanding....................... (28,785) $ (387,421)
---------- -------------
---------- -------------
</TABLE>
- --------------------------------------------------------------------------------
14
<PAGE>
Financial Highlights (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Class A
--------------------------------------------------------------------------
Six months
Ended Year Ended May 31,
November 30, --------------------------------------------------------
1999(b) 1999(b) 1998 1997 1996(b) 1995(b)
------------- -------- ------- ------- ------- -------
PER SHARE OPERATING PERFORMANCE:
<S> <C> <C> <C> <C> <C> <C>
Net asset value, beginning of period.......... $ 13.68 $ 15.82 $ 21.30 $ 21.74 $ 18.44 $ 18.75
------ -------- ------- ------- ------- -------
Income from investment operations
Net investment income (loss).................. (.09) (.10 ) (.20) (.14) .05(a) --
Net realized and unrealized gain (loss) on
investment and foreign currency
transactions............................... 2.70 (1.44 ) 1.37 1.45 3.34 (.21)
------ -------- ------- ------- ------- -------
Total from investment operations........... 2.61 (1.54 ) 1.17 1.31 3.39 (.21)
------ -------- ------- ------- ------- -------
Less distributions
Dividends in excess of net investment
income..................................... -- -- -- -- (.09) (.08)
Distributions from net realized gains......... -- (.60 ) (6.65) (1.75) -- (.02)
------ -------- ------- ------- ------- -------
Net asset value, end of period................ $ 16.29 $ 13.68 $ 15.82 $ 21.30 $ 21.74 $ 18.44
------ -------- ------- ------- ------- -------
------ -------- ------- ------- ------- -------
TOTAL RETURN (c):............................. 19.08% (9.25 )% 9.81% 6.74% 18.41% (0.95)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000)............... $33,860 $30,578 $47,259 $57,032 $47,617 $44,051
Average net assets (000)...................... $32,136 $35,179 $50,309 $47,563 $45,070 $32,430
Ratios to average net assets:
Expenses, including distribution fees...... 2.24%(d) 2.03 % 1.88% 1.91% 1.79%(a) 1.42%(a)
Expenses, excluding distribution fees...... 1.99%(d) 1.78 % 1.63% 1.66% 1.54%(a) 1.17%(a)
Net investment income (loss)............... (1.25)%(d) (.77 )% (.71)% (.49)% .26%(a) .02%(a)
For Class A, B, C and Z shares:
Portfolio turnover rate....................... 92% 156 % 198% 60% 44% 64%
</TABLE>

- ---------------
(a) Net of expense subsidies and/or fee waivers.
(b) Calculated based upon average shares outstanding.
(c) Total return does not consider the effects of sales loads. Total return is
calculated assuming a purchase of shares on the first day and a sale on the
last day of each period reported and includes reinvestment of dividends and
distributions. Total returns for periods of less than one full year are not
annualized.
(d) Annualized.
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 15

<PAGE>
Financial Highlights (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Class B
------------------------------------------------------------------------------
Six months
Ended Year Ended May 31,
November 30, ------------------------------------------------------------
1999(b) 1999(b) 1998 1997 1996(b) 1995(b)
------------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:
Net asset value, beginning of period.......... $ 12.36 $ 14.47 $ 20.18 $ 20.87 $ 17.84 $ 18.22
------ -------- -------- -------- -------- --------
Income from investment operations
Net investment (loss)......................... (.13) (.18 ) (.26) (.33) (.09)(a) (.13)(a)
Net realized and unrealized gain (loss) on
investment and foreign currency
transactions............................... 2.43 (1.33 ) 1.20 1.39 3.21 (.19)
------ -------- -------- -------- -------- --------
Total from investment operations........... 2.30 (1.51 ) .94 1.06 3.12 (.32)
------ -------- -------- -------- -------- --------
Less distributions
Dividends in excess of net investment
income..................................... -- -- -- -- (.09) (.03)
Distributions from net realized gains......... -- (.60 ) (6.65) (1.75) -- (.03)
------ -------- -------- -------- -------- --------
Net asset value, end of period................ $ 14.66 $ 12.36 $ 14.47 $ 20.18 $ 20.87 $ 17.84
------ -------- -------- -------- -------- --------
------ -------- -------- -------- -------- --------
TOTAL RETURN (c):............................. 18.61% (9.92 )% 9.04% 5.83% 17.51% (1.73)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000)............... $46,390 $44,890 $ 83,669 $120,067 $155,292 $153,670
Average net assets (000)...................... $44,576 $55,679 $101,836 $133,073 $154,566 $173,591
Ratios to average net assets:
Expenses, including distribution fees...... 2.99%(d) 2.78 % 2.63% 2.66% 2.54%(a) 2.17%(a)
Expenses, excluding distribution fees...... 1.99%(d) 1.78 % 1.63% 1.66% 1.54%(a) 1.17%(a)
Net investment (loss)...................... (1.99)%(d) (1.51 )% (1.48)% (1.26)% (.48)%(a) (.77)%(a)
</TABLE>
- ---------------
(a) Net of expense subsidies and/or fee waivers.
(b) Calculated based upon average shares outstanding.
(c) Total return does not consider the effects of sales loads. Total return is
calculated assuming a purchase of shares on the first day and a sale on the
last day of each period reported and includes reinvestment of dividends and
distributions. Total returns for periods of less than one full year are not
annualized.
(d) Annualized.
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 16

<PAGE>
Financial Highlights (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Class C
--------------------------------------------------------------------------
August 1,
Six months 1994(d)
Ended Year Ended May 31, Through
November 30, ------------------------------------------ May 31,
1999(b) 1999(b) 1998 1997 1996(b) 1995(b)
<CAPTION>
------------- -------- ------ ------ ------- ---------
<S> <C> <C> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:
Net asset value, beginning of period.......... $ 12.36 $14.47 $20.18 $20.87 $17.84 $ 18.44
------ -------- ------ ------ ------- ---------
Income from investment operations
Net investment income (loss).................. (.13) (.18) (.26) (.27) (.08 )(a) (.12)(a)
Net realized and unrealized gain (loss) on
investment and foreign currency
transactions............................... 2.43 (1.33) 1.20 1.33 3.20 (.44)
------ -------- ------ ------ ------- ---------
Total from investment operations........... 2.30 (1.51) .94 1.06 3.12 (.56)
------ -------- ------ ------ ------- ---------
Less distributions
Dividends in excess of net investment
income..................................... -- -- -- -- (.09 ) (.03)
Distributions from net realized gains......... -- (.60) (6.65) (1.75) -- (.01)
------ -------- ------ ------ ------- ---------
Net asset value, end of period................ $ 14.66 $12.36 $14.47 $20.18 $20.87 $ 17.84
------ -------- ------ ------ ------- ---------
------ -------- ------ ------ ------- ---------
TOTAL RETURN (c):............................. 18.61% (9.92)% 9.04% 5.83% 17.51 % (2.90)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000)............... $ 906 $ 787 $1,234 $1,874 $2,275 $ 1,307
Average net assets (000)...................... $ 821 $ 895 $1,739 $1,958 $1,809 $ 862
Ratios to average net assets:
Expenses, including distribution fees...... 2.99%(e) 2.78% 2.63% 2.66% 2.54 %(a) 2.27%(a)(e)
Expenses, excluding distribution fees...... 1.99%(e) 1.78% 1.63% 1.66% 1.54 %(a) 1.27%(a)(e)
Net investment (loss)...................... (2.00)%(e) (1.53)% (1.43)% (1.24)% (.44 )%(a) (.90)%(a)(e)
</TABLE>
- ---------------
(a) Net of expense subsidies and/or fee waivers.
(b) Calculated based upon average shares outstanding.
(c) Total return does not consider the effects of sales loads. Total return is
calculated assuming a purchase of shares on the first day and a sale on the
last day of each period reported and includes reinvestment of dividends and
distributions. Total returns for periods of less than one full year are not
annualized.
(d) Commencement of offering of Class C shares.
(e) Annualized.
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 17

<PAGE>
Financial Highlights (Unaudited) PRUDENTIAL GLOBAL GENESIS FUND, INC.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Class Z
--------------------------------------------------------
September 16,
Six months 1996(d)
Ended Year Ended May 31, Through
November 30, ------------------- May 31,
1999(b) 1999(b) 1998 1997
<CAPTION>
------------- ------- ------- --------------
<S> <C> <C> <C> <C>
PER SHARE OPERATING PERFORMANCE:
Net asset value, beginning of period.......... $ 13.89 $16.01 $21.39 $20.46
----- ------- ------- -----
Income from investment operations
Net investment income (loss).................. (.08) (.06 ) (.38 ) .03
Net realized and unrealized gain (loss) on
investment and foreign currency
transactions............................... 2.75 (1.46 ) 1.65 2.65
----- ------- ------- -----
Total from investment operations........... 2.67 (1.52 ) 1.27 2.68
----- ------- ------- -----
Less distributions
Distributions from net realized gains......... -- (.60 ) (6.65 ) (1.75)
----- ------- ------- -----
Net asset value, end of period................ $ 16.56 $13.89 $16.01 $21.39
----- ------- ------- -----
----- ------- ------- -----
TOTAL RETURN(c):.............................. 19.22% (9.01 )% 10.22 % 13.90%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000)............... $ 587 $ 267 $ 768 $ 603
Average net assets (000)...................... $ 416 $ 388 $ 662 $ 188
Ratios to average net assets:
Expenses, including distribution fees...... 1.99%(e) 1.78 % 1.63 % 1.66%(e)
Expenses, excluding distribution fees...... 1.99%(e) 1.78 % 1.63 % 1.66%(e)
Net investment (loss)...................... (1.11)%(e) (.46 )% (.43 )% (.87)%(e)
</TABLE>
- ---------------
(a) Net of expense subsidies and/or fee waivers.
(b) Calculated based upon average shares outstanding.
(c) Total return does not consider the effects of sales loads. Total return is
calculated assuming a purchase of shares on the first day and a sale on the
last day of each period reported and includes reinvestment of dividends and
distributions. Total returns for periods of less than one full year are not
annualized.
(d) Commencement of offering of Class Z shares.
(e) Annualized.
- --------------------------------------------------------------------------------
See Notes to Financial Statements. 18

Getting The Most From Your Prudential Mutual Fund

When you invest through Prudential Mutual Funds, you
receive financial advice from a Prudential Securities
Financial Advisor or Prudential/Pruco Securities
registered representative. Your advisor or representative
can provide you with the following services:

There's No Reward Without Risk; but Is This Risk Worth It?

Your financial advisor or registered representative can help
you match the reward you seek with the risk you can tolerate.
Risk can be difficult to gauge--sometimes even the simplest
investments bear surprising risks. The educated investor
knows that markets seldom move in just one direction.
There are times when a market sector or asset class will
lose value or provide little in the way of total return.
Managing your own expectations is easier with help from
someone who under-stands the markets and who knows you!

Keeping Up With the Joneses
A financial advisor or registered representative can help
you wade through the numerous available mutual funds to
find the ones that fit your own individual investment
profile and risk tolerance. While the newspapers and
popular magazines are full of advice about investing,
they are aimed at generic groups of people or representative
individuals--not at you personally. Your financial
advisor or registered representative will review your
investment objectives with you. This means you can make
financial decisions based on the assets and liabilities
in your current portfolio and your risk tolerance--not
just based on the current investment fad.

Buy Low, Sell High
Buying at the top of a market cycle and selling at
the bottom are among the most common investor mistakes.
But, sometimes it's difficult to hold on to an
investment when it's losing value every month. Your
financial advisor or registered representative can
answer questions when you're confused or worried
about your investment, and should remind you that
you're investing for the long haul.

<PAGE>

Getting the Most from Your Prudential Mutual Fund

How many times have you read these reports--or other
financial materials-- and stumbled across a word that
you don't understand?

Many shareholders have run into the same problem. We'd like
to help. So we'll use this space from time to time to
explain some of the words you might have read, but not
understood. And if you have a favorite word that no
one can explain to your satisfaction, please write to us.

Basis Point: 1/100th of 1%. For example, one-half of
one percent is 50 basis points.

Collateralized Mortgage Obligations (CMOs): Mortgage-backed
bonds that separate mortgage pools into different maturity
classes, called tranches. These instruments are
sensitive to changes in interest rates and homeowner
refinancing activity. They are subject to prepayment
and maturity extension risk.

Derivatives: Securities that derive their value from
other securities. The rate of return of these financial
instruments rises and falls--sometimes very suddenly--in
response to changes in some specific interest rate,
currency, stock, or other variable.

Discount Rate: The interest rate charged by the
Federal Reserve on loans to member banks.

Federal Funds Rate: The interest rate charged by one
bank to another on overnight loans.

Futures Contract: An agreement to purchase or sell a
specific amount of a commodity or financial instrument
at a set price at a specified date in the future.

Leverage: The use of borrowed assets to enhance return.
The expectation is that the interest rate charged on
borrowed funds will be lower than the return on the
investment. While leverage can increase profits, it
can also magnify losses.

Liquidity: The ease with which a financial instrument
(or product) can be bought or sold (converted into cash)
in the financial markets.

Price/Earnings Ratio: The price of a share of stock
divided by the earnings per share for a 12-month
period.

Option: An agreement to purchase or sell something,
such as shares of stock, by a certain time for a
specified price. An option need not be exercised.

Spread: The difference between two values; often
used to describe the difference between "bid" and
"asked" prices of a security, or between the yields
of two similar maturity bonds.

Yankee Bond: A bond sold by a foreign company or
government in the U.S. market and denominated in
U.S. dollars.

<PAGE>

Prudential Mutual Funds
Gateway Center Three
100 Mulberry Street
Newark, NJ 07102-4077

(800) 225-1852
http://www.prudential.com

Directors
Delayne Dedrick Gold
Robert F. Gunia
Robert E. LaBlanc
David R. Odenath, Jr.
Robin B. Smith
Stephen Stoneburn
John R. Strangfeld
Nancy H. Teeters
Clay T. Whitehead

Officers
John R. Strangfeld, President
Robert F. Gunia, Vice President
Grace C. Torres, Treasurer
Robert C. Rosselot, Secretary
Stephen M. Ungerman, Assistant Treasurer

Manager
Prudential Investments Fund Management LLC
Gateway Center Three
100 Mulberry Street
Newark, NJ 07102-4077

Investment Adviser
The Prudential Investment Corporation
Prudential Plaza
Newark, NJ 07102-3777

Distributor
Prudential Investment Management Services LLC
Gateway Center Three
100 Mulberry Street
Newark, NJ 07102-4077

Custodian
State Street Bank and Trust Company
One Heritage Drive
North Quincy, MA 02171

Transfer Agent
Prudential Mutual Fund Services LLC
P.O. Box 15005
New Brunswick, NJ 08906

Independent Accountants
PricewaterhouseCoopers LLP
1177 Avenue of the Americas
New York, NY 10036

Legal Counsel
Sullivan & Cromwell
125 Broad Street
New York, NY 10004

Prudential Investments is a unit of The Prudential Insurance
Company of America, 751 Broad Street, Newark, NJ 07102.

The views expressed in this report and information about
the Fund's portfolio holdings are for the period covered
by this report and are subject to change thereafter.

The accompanying financial statements as of November
30, 1999, were not audited and, accordingly, no opinion
is expressed on them.

This report is not authorized for distribution to
prospective investors unless preceded or accompanied
by a current prospectus.

<PAGE>

(LOGO)

Prudential Mutual Funds BULK RATE
Gateway Center Three U.S. POSTAGE
100 Mulberry Street PAID
Newark, NJ 07102-4077 Permit 6807
(800) 225-1852 New York, NY

Class NASDAQ Cusip
A PRAGX 744333105
B PRGGX 744333204
C -- 744333303
Z -- 744333402 MF136E2