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Target Portfolio Trust
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Target Total Return Bond Portfolio And
Target Intermediate-Term Bond Portfolio
Supplement to prospectus dated May 1, 2000
How the Trust Is Managed
The third paragraph under the heading 'How the Trust Is Managed, Advisers and
Portfolio Managers--Total Return Bond Portfolio and Intermediate-Term Bond
Portfolios' is amended to read in its entirety as follows:
Chris Dialynas is a Managing Director, portfolio manager and a senior member
of PIMCO's investment strategy group, and has been associated with PIMCO since
1980. He has 22 years of investment experience, is a graduate of Pomona College,
where he studied Economics, and holds and M.B.A. in Finance from the University
of Chicago.
The date of this supplement is dated August 17, 2000
TMF158C4
