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Prudential Institutional Liquidity Portfolio, Inc.
Class A shares
Class I shares
Supplement dated April 22, 1998
to Prospectus dated July 9, 1997
The following information supplements the footnote to "SERIES EXPENSES" and the
section entitled "HOW THE FUND IS MANAGED-MANAGER--FEE WAIVERS" in the Class A
and Class I Prospectuses:
For an indefinite period of time, and until further notice, PIFM has agreed
to waive .05 of 1% of its management fee and to subsidize expenses and
Prudential Securities has agreed to waive up to .07 of 1% of its
distribution/service fee.
MF137C-2
