<PAGE>
Prudential Mutual Funds
Supplement dated April 17, 1995
HOW THE FUND IS MANAGED
Manager
The portfolios of each of the Funds listed below are managed by J. Gabriel
Irwin and Simon Wells who head a Global Fixed Income Group of Prudential
Investment Corporation (PIC). As a team, they have responsibility for the
day-to-day management of the Funds' portfolios. Messrs. Irwin and Wells have
been employed by PIC and Prudential-Bache Securities (U.K.) Inc. since April
1995. Messrs. Irwin and Wells were previously employed by Smith Barney Global
Capital Management Inc., where they worked together as Directors and senior
members of the Investment Policy Committee and managed approximately $1.5
billion in institutional and mutual fund assets. Messrs. Irwin and Wells also
serve as the portfolio managers of The Global Government Plus Fund, Inc. and
The Global Total Return Fund, Inc.
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
Prudential Intermediate Global Income Fund, Inc. March 2, 1995
Prudential Short-Term Global Income Fund, Inc.
Short-Term Global Income Portfolio January 3, 1995
Global Assets Portfolio January 3, 1995
MF950C-4
