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Prudential Short-Term Global Income Fund, Inc.
(Global Assets Portfolio)
Supplement dated October 6, 1995
to Prospectus dated January 3, 1995
Proposed Reorganization
The Board of Directors of Prudential Short-Term Global Income Fund, Inc.
(the Fund) has recently approved a proposal to sell the assets and liabilities
of the Fund's Global Assets Portfolio for shares of the Fund's Short-Term Global
Income Portfolio. Class A shares of the Global Assets Portfolio would be
exchanged at net asset value for Class A shares of equivalent value of
Short-Term Global Income Portfolio.
The transaction has been approved by the Fund's Board of Directors and is
subject to approval by the shareholders of the Global Assets Portfolio. It is
anticipated that the proxy statement/prospectus relating to the proposed
transaction will be mailed to Global Assets Portfolio shareholders in November
1995.
Under the terms of the proposal, shareholders of Global Assets Portfolio
would become shareholders of the Short-Term Global Income Portfolio. No sales
charges would be imposed on the proposed transfer. The Fund anticipates
obtaining an opinion of counsel that no gain or loss for federal income tax
purposes would be recognized by shareholders of either portfolio as a result of
the proposed transaction.
Global Assets Portfolio no longer accepts purchase orders of its Class A
shares, except for purchases by certain Retirement and Employee Plans (excluding
IRA accounts). Existing shareholders may continue to acquire shares through
dividend reinvestment. The current exchange privilege of obtaining shares of
other Prudential Mutual Funds and the current redemption privilege for Global
Assets Portfolio shareholders will remain in effect. Notwithstanding the above
exceptions, no shares may be acquired by any means beginning four days prior to
the date of closing of the proposed reorganization.
MF149C-1
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