-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RcE67W3n4Tagt5RZJFLN5Tnk/Hh9lG8K8O7vtM6miknq1FZAVQGcVz64uny6JU9N OZZOKvCu36xiGT95/vHI2w== 0000067590-07-000033.txt : 20070131 0000067590-07-000033.hdr.sgml : 20070131 20070131114514 ACCESSION NUMBER: 0000067590-07-000033 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070131 DATE AS OF CHANGE: 20070131 EFFECTIVENESS DATE: 20070131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TARGET ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 07567052 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026469 MAIL ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: STRATEGIC PARTNERS ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20010906 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED FUNDS DATE OF NAME CHANGE: 19980930 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED SERIES DATE OF NAME CHANGE: 19980803

0001067442 S000004703 TARGET CONSERVATIVE ALLOCATION FUND

C000012790 Class M

C000012791 Class X

C000012792 Class R PCLRX

C000012793 Class A PCGAX

C000012794 Class B PBCFX

C000012795 Class C PCCFX

C000012796 Class Z PDCZX

0001067442 S000004704 TARGET MODERATE ALLOCATION FUND

C000012797 Class M

C000012798 Class X

C000012799 Class R SPMRX

C000012800 Class A PAMGX

C000012801 Class B DMGBX

C000012802 Class C PIMGX

C000012803 Class Z PDMZX

0001067442 S000004705 TARGET GROWTH ALLOCATION FUND

C000012804 Class M

C000012805 Class X

C000012806 Class R PGARX

C000012807 Class A PHGAX

C000012808 Class B PIHGX

C000012809 Class C PHGCX

C000012810 Class Z PDHZX

497 1 taapmchangesmcapgrw013107.htm 497

Target Asset Allocation Funds

Target Conservative Allocation Fund

Target Moderate Allocation Fund

Target Growth Allocation Fund

Supplement dated January 31, 2007, 2006 to

Prospectus and Statement of Additional Information (SAI) dated October 2, 2006

D. Scott Tracy has joined Bill Wolfenden as a portfolio manager for the portion of each of the Target Conservative Allocation Fund, Target Moderate Allocation Fund, and Target Growth Allocation Fund advised by RS Investments.

To reflect these changes, the indicated sections of the Prospectus and SAI are revised as set forth below:

The section of the prospectus entitled “ How the Funds Are Managed—Subadvisers and Portfolio Managers” is amended by deleting the existing discussion pertaining to Mr. Wolfenden appearing on page 50 of the prospectus and substituting the following new discussion::

Bill Wolfenden and D. Scott Tracy are the co-portfolio managers for the portion of the Funds managed by RS Investments. Mr. Wolfenden is a Principal of RS Investments and the Portfolio Manager of the Small-Cap Growth accounts. Prior to joining RS in April 2001, he was at Dresdner RCM Global Investors since 1994, where he served on the micro-cap and small-cap growth investment management teams. Mr. Wolfenden has managed the Portfolio since November 2002.

Mr. Tracy is a vice president at RS Investments. Prior to joining RS Investments in 2001, he spent three years at Shoreline Investment Management, the in-house asset management arm of Hewlett-Packard, where his research focus included technology and industrial companies. He has also served as an equity analyst at Montgomery Securities. Mr. Tracy holds a B.A. in history from Trinity College and an M.B.A. from the University of California at Berkeley. He is also a Chartered Financial Analyst. Mr. Tracy has managed the RS portion of each Fund since January 2007.

The table for each Fund appearing in Part I of the SAI in the section entitled “Management & Advisory Arrangements—Additional Information About the Portfolio Managers—Other Accounts and Ownership of Fund Securities” is hereby amended by adding the following information pertaining to Mr Tracy. The information provided is as of December 31, 2006.

Portfolio Manager(s)	Registered Investment Companies	Other Pooled Investment Vehicles	Other Accounts	Ownership of Fund Securities
D. Scott Tracy	None	None	None	None

LR00121

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