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SIGNATURE EUGENE S. STARK
TITLE TREASURER
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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For the fiscal year ended (a) December 31, 1996
File number: 811-5594
SUB-ITEM 77C
Submission of Matters to a Vote of Security Holders
A Special Meeting of Shareholders was held on
October 30, 1996. At such meeting the
shareholders approved the following proposals:
a) Approval of the election of Edward D.
Beach, Eugene C. Dorsey, Delayne D.
Gold, Robert F. Gunia, Harry A. Jacobs,
Jr., Donald D. Lennox, Mendal A. Melzer,
Thomas T. Mooney, Thomas H. O'Brien,
Richard A. Redeker, Nancy H. Teeters,
and Louis A. Weil as Directors of the
Fund each to hold office until the
earlier to occur of (i) the next meeting
of Shareholders at which Directors are
elected and until his or her successor
shall have been duly elected and shall
have qualified or (ii) their terms
expire in accordance with the Fund's
retirement policy.
b) Approval of the selection of independent
accountants for the Fund conditioned
upon the right by vote of a majority of
such Fund's outstanding voting shares at
any meeting called for the purpose to
terminate such employment forthwith
without penalties.
Affirmative Negative
votes cast votes cast
Abstain
15,267,744 95,560
195,438
For the period ended (a) 12/31/96
File number (c) 811-5594
SUB-ITEM 77 D
Policies with Respect to Security
Investments
On January 10, 1996 the Board of Directors
approved a investment policy modification to
permit the Fund to purchase debt securities with
put features effective with the 1996 annual update
of the Fund's Registration Statement.
For the period ended (a) 12/31/96
File number (c) 811-5594
SUB-ITEM 77 I
Terms of New or Amended Securities
On April 10, 1996, the Board of Directors
authorized the issuance of a fourth class of
shares designated Class Z. Class Z shares are not
subject to either an initial or contingent
deferred sales charge nor are they subject to any
Rule 12b-1 fees. Class Z shares will be offered to
a limited group of eligible investors as soon as
practicable.
For the period ended (a) 12/31/96
File number (c) 811-5594
SUB-ITEM 77 Q
Exhibits
On January 10, 1996, the Board of Directors
approved and authorized a proposal to increase the
number of Directors, which shall constitute the
Board to ten (10), pursuant to Article II, Section
3 of the Fund's By laws.
PRINT ON COMPAQ
The Board of Directors of
Prudential Structured Maturity Fund, Income
Portfolio:
In planning and performing our audit of the
financial statements of Prudential Structured
Maturity Fund, Income Portfolio, ("Fund") for the
year ended December 31, 1996, we considered its
internal control structure, including procedures
for safeguarding securities, in order to determine
our auditing procedures for the purpose of
expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR,
not to provide assurance on the internal control
structure.
The management of the Fund is responsible for
establishing and maintaining an internal control
structure. In fulfilling this responsibility,
estimates and judgments by management are required
to assess the expected benefits and related costs
of internal control structure policies and
procedures. Two of the objectives of an internal
control structure are to provide management with
reasonable, but not absolute, assurance that
assets are safeguarded against loss from
unauthorized use or disposition and that
transactions are executed in accordance with
management's authorization and recorded properly
to permit preparation of financial statements in
conformity with generally accepted accounting
principles.
Because of inherent limitations in any internal
control structure, errors or irregularities may
occur and not be detected. Also, projection of
any evaluation of the structure to future periods
is subject to the risk that it may become
inadequate because of changes in conditions or
that the effectiveness of the design and operation
may deteriorate.
Our consideration of the internal control
structure would not necessarily disclose all
matters in the internal control structure that
might be material weaknesses under standards
established by the American Institute of Certified
Public Accountants. A material weakness is a
condition in which the design or operation of the
specific internal control structure elements does
not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be
material in relation to the financial statements
being audited may occur and not be detected within
a timely period by employees in the normal course
of performing their assigned functions. However,
we noted no matters involving the internal control
structure, including procedures for safeguarding
securities, that we consider to be material
weaknesses as defined above as of December 31,
1996.
This report is intended solely for the information
and use of the Board of Directors, management and
the Securities and Exchange Commission.
Deloitte & Touche LLP
New York, New York
February 14, 1997
