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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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SIGNATURE GRACE TORRES
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000890339
<NAME> THE TARGET PORTFOLIO TRUST:
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<NAME> LARGE CAPITIALIZATION GROWTH PORTFOLIO
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<NUMBER-OF-SHARES-SOLD> 47,055,366
<NUMBER-OF-SHARES-REDEEMED> (59,215,435)
<SHARES-REINVESTED> 7,853,642
<NET-CHANGE-IN-ASSETS> 53,583,029
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,823,400
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,061,542
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,187,582
<AVERAGE-NET-ASSETS> 356,780,000
<PER-SHARE-NAV-BEGIN> 18.29
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 3.70
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.45)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.52
<EXPENSE-RATIO> 0.67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST
[SERIES]
[NUMBER] 002
[NAME] LARGE CAPITALIZATION VALUE PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 212,354,272
[INVESTMENTS-AT-VALUE] 299,541,945
[RECEIVABLES] 2,077,166
[ASSETS-OTHER] 2,500
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 1,249,311
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,544,250
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 191,749,337
[SHARES-COMMON-STOCK] 17,480,394
[SHARES-COMMON-PRIOR] 17,866,011
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 2,438,364
[ACCUMULATED-NET-GAINS] 17,452,676
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 87,187,673
[NET-ASSETS] (35,346,405)
[DIVIDEND-INCOME] 3,391,484
[INTEREST-INCOME] 68,477
[OTHER-INCOME] (31,280)
[EXPENSES-NET] 990,344
[NET-INVESTMENT-INCOME] 2,438,337
[REALIZED-GAINS-CURRENT] 17,443,221
[APPREC-INCREASE-CURRENT] 6,915,833
[NET-CHANGE-FROM-OPS] 26,797,391
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (331,434)
[DISTRIBUTIONS-OF-GAINS] (4,901,733)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 38,071,269
[NUMBER-OF-SHARES-REDEEMED] (49,416,798)
[SHARES-REINVESTED] 5,121,720
[NET-CHANGE-IN-ASSETS] 15,340,415
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 4,911,188
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 846,317
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 990,344
[AVERAGE-NET-ASSETS] 284,443,000
[PER-SHARE-NAV-BEGIN] 15.87
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] 1.39
[PER-SHARE-DIVIDEND] (0.02)
[PER-SHARE-DISTRIBUTIONS] (0.28)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 17.10
[EXPENSE-RATIO] 0.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST:
[SERIES]
[NUMBER] 003
[NAME] SMALL CAPITIALIZATION GROWTH PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 124,484,971
[INVESTMENTS-AT-VALUE] 149,622,051
[RECEIVABLES] 4,828,939
[ASSETS-OTHER] 1,800
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 235,323
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 883,531
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 111,112,133
[SHARES-COMMON-STOCK] 9,403,018
[SHARES-COMMON-PRIOR] 10,360,162
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (323,354)
[ACCUMULATED-NET-GAINS] 17,408,077
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25,137,080
[NET-ASSETS] (19,763,180)
[DIVIDEND-INCOME] 126,209
[INTEREST-INCOME] 124,904
[OTHER-INCOME] 0
[EXPENSES-NET] 574,467
[NET-INVESTMENT-INCOME] (323,354)
[REALIZED-GAINS-CURRENT] 18,268,156
[APPREC-INCREASE-CURRENT] (9,553,908)
[NET-CHANGE-FROM-OPS] 8,390,894
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,131,242
[NUMBER-OF-SHARES-REDEEMED] (40,170,636)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (5,648,500)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (860,079)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 432,953
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 574,467
[AVERAGE-NET-ASSETS] 145,514,000
[PER-SHARE-NAV-BEGIN] 15.35
[PER-SHARE-NII] (0.03)
[PER-SHARE-GAIN-APPREC] 0.99
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 16.31
[EXPENSE-RATIO] 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST
[SERIES]
[NUMBER] 004
[NAME] SMALL CAPITALIZATION VALUE PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 114,701,006
[INVESTMENTS-AT-VALUE] 136,702,043
[RECEIVABLES] 919,183
[ASSETS-OTHER] 3,902
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 713,950
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 860,585
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 112,789,637
[SHARES-COMMON-STOCK] 8,602,953
[SHARES-COMMON-PRIOR] 9,450,715
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 430,388
[ACCUMULATED-NET-GAINS] 829,531
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 22,001,037
[NET-ASSETS] (18,053,668)
[DIVIDEND-INCOME] 921,533
[INTEREST-INCOME] 46,004
[OTHER-INCOME] 0
[EXPENSES-NET] 537,574
[NET-INVESTMENT-INCOME] 429,963
[REALIZED-GAINS-CURRENT] 1,178,059
[APPREC-INCREASE-CURRENT] 5,758,635
[NET-CHANGE-FROM-OPS] 7,366,657
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (854,944)
[DISTRIBUTIONS-OTHER] (43,620)
[NUMBER-OF-SHARES-SOLD] 22,876,463
[NUMBER-OF-SHARES-REDEEMED] (35,731,401)
[SHARES-REINVESTED] 880,188
[NET-CHANGE-IN-ASSETS] (5,506,657)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 506,416
[OVERDISTRIB-NII-PRIOR] 44,045
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 384,623
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 537,574
[AVERAGE-NET-ASSETS] 129,270,000
[PER-SHARE-NAV-BEGIN] 14.98
[PER-SHARE-NII] 0.05
[PER-SHARE-GAIN-APPREC] 0.89
[PER-SHARE-DIVIDEND] (0.01)
[PER-SHARE-DISTRIBUTIONS] (0.10)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 15.81
[EXPENSE-RATIO] 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST:
[SERIES]
[NUMBER] 005
[NAME] INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 196,648,308
[INVESTMENTS-AT-VALUE] 246,524,847
[RECEIVABLES] 2,126,179
[ASSETS-OTHER] 1,616,549
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 1,668,897
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,361,129
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 187,606,759
[SHARES-COMMON-STOCK] 15,257,625
[SHARES-COMMON-PRIOR] 15,724,520
[ACCUMULATED-NII-CURRENT] 0
<UNDERDISTRIBUTION-NII> 2,256,590
[ACCUMULATED-NET-GAINS] 7,530,058
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 49,844,142
[NET-ASSETS] (30,982,145)
[DIVIDEND-INCOME] 4,017,357
[INTEREST-INCOME] 160,589
[OTHER-INCOME] (480,794)
[EXPENSES-NET] 1,090,846
[NET-INVESTMENT-INCOME] 2,606,306
[REALIZED-GAINS-CURRENT] 9,591,840
[APPREC-INCREASE-CURRENT] 586,652
[NET-CHANGE-FROM-OPS] 12,784,798
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (1,186,850)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 257,029,103
[NUMBER-OF-SHARES-REDEEMED] (266,845,608)
[SHARES-REINVESTED] 1,165,296
[NET-CHANGE-IN-ASSETS] 2,946,739
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (1,045,188)
[OVERDISTRIB-NII-PRIOR] (179,460)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 828,245
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,090,846
[AVERAGE-NET-ASSETS] 238,602,000
[PER-SHARE-NAV-BEGIN] 15.54
[PER-SHARE-NII] 0.17
[PER-SHARE-GAIN-APPREC] 0.57
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.08)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 16.20
[EXPENSE-RATIO] 0.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST:
[SERIES]
[NUMBER] 006
[NAME] INTERNATIONAL BOND PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 29,307,367
[INVESTMENTS-AT-VALUE] 28,280,252
[RECEIVABLES] 2,741,632
[ASSETS-OTHER] 1,235
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 2,059,781
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 357,103
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 30,078,771
[SHARES-COMMON-STOCK] 3,245,443
[SHARES-COMMON-PRIOR] 3,261,234
[ACCUMULATED-NII-CURRENT] 0
<UNDERDISTRIBUTION-NII> (452,229)
[ACCUMULATED-NET-GAINS] 39,730
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,060,037)
[NET-ASSETS] (6,506,677)
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 703,581
[OTHER-INCOME] (2,075)
[EXPENSES-NET] 206,109
[NET-INVESTMENT-INCOME] 495,397
[REALIZED-GAINS-CURRENT] (317,600)
[APPREC-INCREASE-CURRENT] (1,387,982)
[NET-CHANGE-FROM-OPS] (1,210,185)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (495,397)
[DISTRIBUTIONS-OF-GAINS] (532,833)
[DISTRIBUTIONS-OTHER] (40,031)
[NUMBER-OF-SHARES-SOLD] 4,636,140
[NUMBER-OF-SHARES-REDEEMED] (5,817,076)
[SHARES-REINVESTED] 1,023,696
[NET-CHANGE-IN-ASSETS] (2,435,686)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 533,458
[OVERDISTRIB-NII-PRIOR] (55,493)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 75,108
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 206,109
[AVERAGE-NET-ASSETS] 30,292,000
[PER-SHARE-NAV-BEGIN] 9.52
[PER-SHARE-NII] 0.17
[PER-SHARE-GAIN-APPREC] (0.55)
[PER-SHARE-DIVIDEND] (0.17)
[PER-SHARE-DISTRIBUTIONS] (0.16)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 8.81
[EXPENSE-RATIO] 1.37
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST
[SERIES]
[NUMBER] 007
[NAME] TOTAL RETURN BOND PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 80,071,981
[INVESTMENTS-AT-VALUE] 79,032,203
[RECEIVABLES] 8,970,851
[ASSETS-OTHER] 868,649
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 24,125,674
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 484,705
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 66,446,568
[SHARES-COMMON-STOCK] 6,367,034
[SHARES-COMMON-PRIOR] 6,392,408
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 249,500
[ACCUMULATED-NET-GAINS] (2,148,021)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (286,723)
[NET-ASSETS] (12,759,442)
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 2,066,464
[OTHER-INCOME] 0
[EXPENSES-NET] 255,835
[NET-INVESTMENT-INCOME] 1,810,629
[REALIZED-GAINS-CURRENT] (2,085,646)
[APPREC-INCREASE-CURRENT] (573,284)
[NET-CHANGE-FROM-OPS] (848,301)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,710,822)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 14,176,479
[NUMBER-OF-SHARES-REDEEMED] (15,982,627)
[SHARES-REINVESTED] 1,548,433
[NET-CHANGE-IN-ASSETS] (2,816,838)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (49,964)
[OVERDISTRIB-NII-PRIOR] 137,282
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 145,972
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 255,835
[AVERAGE-NET-ASSETS] 65,414,000
[PER-SHARE-NAV-BEGIN] 10.49
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] (0.40)
[PER-SHARE-DIVIDEND] (0.27)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.09
[EXPENSE-RATIO] 0.79
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST:
[SERIES]
[NUMBER] 008
[NAME] INTERMEDIATE-TERM BOND PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUNE-30-1999
[INVESTMENTS-AT-COST] 124,964,115
[INVESTMENTS-AT-VALUE] 123,042,218
[RECEIVABLES] 15,019,673
[ASSETS-OTHER] 1,693,410
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 32,200,658
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 624,700
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 109,926,073
[SHARES-COMMON-STOCK] 10,645,481
[SHARES-COMMON-PRIOR] 10,159,386
[ACCUMULATED-NII-CURRENT] 0
<UNDERDISTRIBUTION-NII> 21,844
[ACCUMULATED-NET-GAINS] (2,670,444)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (347,530)
[NET-ASSETS] (20,804,867)
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 3,288,437
[OTHER-INCOME] 0
[EXPENSES-NET] 354,251
[NET-INVESTMENT-INCOME] 2,934,186
[REALIZED-GAINS-CURRENT] (2,383,060)
[APPREC-INCREASE-CURRENT] (926,779)
[NET-CHANGE-FROM-OPS] (375,653)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,913,040)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,160,069
[NUMBER-OF-SHARES-REDEEMED] (23,852,422)
[SHARES-REINVESTED] 2,628,396
[NET-CHANGE-IN-ASSETS] 1,647,350
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (271,215)
[OVERDISTRIB-NII-PRIOR] (15,471)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 233,923
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 354,251
[AVERAGE-NET-ASSETS] 101,076,000
[PER-SHARE-NAV-BEGIN] 10.36
[PER-SHARE-NII] 0.29
[PER-SHARE-GAIN-APPREC] (0.32)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.29)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.04
[EXPENSE-RATIO] 0.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST:
[SERIES]
[NUMBER] 009
[NAME] MORTGAGE BACKED SECURITIES PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999.
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 71,932,642
[INVESTMENTS-AT-VALUE] 71,946,638
[RECEIVABLES] 571,172
[ASSETS-OTHER] 1,530
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 1,968,828
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 733,246
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 70,198,415
[SHARES-COMMON-STOCK] 6,846,949
[SHARES-COMMON-PRIOR] 6,960,553
[ACCUMULATED-NII-CURRENT] 0
<UNDERDISTRIBUTION-NII> 169,055
[ACCUMULATED-NET-GAINS] (564,200)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13,996
[NET-ASSETS] (13,807,502)
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 2,435,923
[OTHER-INCOME] 0
[EXPENSES-NET] 267,382
[NET-INVESTMENT-INCOME] 2,168,541
[REALIZED-GAINS-CURRENT] (83,646)
[APPREC-INCREASE-CURRENT] (1,795,745)
[NET-CHANGE-FROM-OPS] 289,150
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,167,305)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9,273,768
[NUMBER-OF-SHARES-REDEEMED] (12,232,184)
[SHARES-REINVESTED] 1,783,922
[NET-CHANGE-IN-ASSETS] (3,052,649)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (480,554)
[OVERDISTRIB-NII-PRIOR] 167,819
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 159,616
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 267,382
[AVERAGE-NET-ASSETS] 71,528,000
[PER-SHARE-NAV-BEGIN] 10.47
[PER-SHARE-NII] 0.31
[PER-SHARE-GAIN-APPREC] (0.27)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.31)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.20
[EXPENSE-RATIO] 0.75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0000890339
[NAME] THE TARGET PORTFOLIO TRUST
[SERIES]
[NUMBER] 010
[NAME] US GOVERNMENT MONEY MARKET PORTFOLIO
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 185,778,006
[INVESTMENTS-AT-VALUE] 100,995,006
[RECEIVABLES] 2,480,520
[ASSETS-OTHER] 84,783,988
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 123,689,518
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 64,569,996
[SHARES-COMMON-STOCK] 64,569,996
[SHARES-COMMON-PRIOR] 138,848,487
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] (203,418,483)
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4,463,206
[OTHER-INCOME] 0
[EXPENSES-NET] 382,801
[NET-INVESTMENT-INCOME] 4,080,405
[REALIZED-GAINS-CURRENT] 2,539
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 4,082,944
[EQUALIZATION] (4,082,944)
[DISTRIBUTIONS-OF-INCOME] (4,082,944)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,505,734,945
[NUMBER-OF-SHARES-REDEEMED] (3,582,396,263)
[SHARES-REINVESTED] 2,382,827
[NET-CHANGE-IN-ASSETS] (74,278,491)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 226,096
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 382,801
[AVERAGE-NET-ASSETS] 182,375,000
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.02
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] (0.02)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 0.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
For the period ended 6/30/99
File number 811-7064
Target Large Capitalization Value Portfolio
SUB-ITEM 77 O
EXHIBIT 1
Transactions Effected Pursuant to Rule 10f-3
1. Name of Issuer
UnionBanCal Corporation
2. Date of Purchase
02/25/1999
3. Number of Securities Purchased
15,500
4. Dollar Amount of Purchase
$465,000
5. Price Per Unit
$30.00
6. Name(s) of Underwriter(s) or Dealer(s) From Whom
Purchased
Morgan Stanley
