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THE TARGET PORTFOLIO TRUST SM
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SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1999 (AS AMENDED ON MAY 27, 1999)
Investment Advisory and Other Services
The section entitled 'Investment Advisory and Other Services--Manager and
Advisers' is amended as follows.
The first paragraph under 'Large Capitalization Growth Portfolio' is amended
to read in its entirety as follows:
Columbus Circle Investors (CCI), Metro Center, One Station Place, 8th
Floor, Stamford, Connecticut 06902, serves as one of two Advisers to the
Large Capitalization Growth Portfolio. CCI has been an Adviser to the
Portfolio since January 2, 1995. CCI is a Delaware general partnership
with two partners. CCIP LLP, CCI's general partner, owns over 99% of CCI.
Columbus Circle Investors Management Inc. (CCIM), the other partner, owns
the rest of CCI. Both CCIP LLP and CCIM are owned by five of the managing
directors of CCI. As of June 30, 1999, CCI had approximately $4.7 billion
in assets under management.
The second paragraph under 'Small Capitalization Value Portfolio' is amended
to read in its entirety as follows:
Fleming Asset Management USA (Fleming USA), 320 Park Avenue, New York, NY
10022 serves as the second Adviser to the Portfolio. Fleming USA has been
an Adviser to the Portfolio since August 26, 1999. Fleming USA is a
division of Robert Fleming, Inc., which is a wholly-owned subsidiary of
Robert Fleming Holdings.
The date of this Supplement is August 27, 1999.
TMF158C2
