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Prudential Mutual Funds
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Structured Maturity Fund, Inc.
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1999
Portfolio Manager
The last sentence in the first paragraph and the entire second paragraph
under "How the Fund is Managed--Portfolio Manager" are amended to read in their
entirety as follows:
Steven Kellner, CFA, and his team of portfolio managers contribute bottom-up
securities selection within those guidelines and are responsible for the
day-to-day management of the Fund.
Mr. Kellner, a Managing Director of Prudential Investments, and his team have
managed the Fund since July 1999. Mr. Kellner has been a portfolio manager with
Prudential Investments since 1987. He and his team also manage the fixed income
portions of the Conservative Balanced and Flexible Managed Portfolios of the
Prudential Series Fund.
The date of this Supplement is August 27, 1999.
MF140C1
