497 1 taatptwldpipsai10907.htm 497

TARGET ASSET ALLOCATION FUNDS

Target Moderate Allocation Fund

Target Growth Allocation Fund

THE TARGET PORTFOLIO TRUST

International Equity Portfolio

PRUDENTIAL WORLD FUND, INC.

Dryden International Value Fund

THE PRUDENTIAL INVESTMENT PORTFOLIOS, INC.

JennisonDryden Asset Allocation Funds

JennisonDryden Conservative Allocation Fund

JennisonDryden Moderate Allocation Fund

JennisonDryden Growth Allocation Fund

 

Supplement dated October 10, 2007 to the Statement of Additional Information

 

This Supplement amends the Statements of Additional Information of each of the Funds referenced above and is in addition to any existing supplement to a Fund’s Statement of Additional Information.

 

1. Target Moderate Allocation Fund, Target Growth Allocation Fund, International Equity Portfolio of The Target Portfolio Trust, and Dryden International Value Fund

 

Effective on or about October 1, 2007, the information relating to LSV Asset Management (LSV) in the table entitled “Portfolio Subadvisers & Fee Rates” appearing in the section of the SAI entitled “Management & Advisory Arrangements—Subadvisers” and any accompanying footnotes are hereby deleted and replaced with the following information.

 

Portfolio Name

Advisory Fee

International Equity Portfolio of
The Target Portfolio Trust

0.45% of average daily net assets to $150 million; 0.425% of average daily net assets from $150 million to $300 million; 0.40%of average daily net assets from $300 million to $450 million; 0.375% of average daily net assets from $450 million to $750 million; and 0.35% of average daily net assets over $750 million*

Target Moderate Allocation Fund of
Target Asset Allocation Funds
(formerly the Strategic Partners Moderate Allocation Fund of Strategic Partners Asset Allocation Funds)

0.45% of average daily net assets to $150 million; 0.425% of average daily net assets from $150 million to $300 million; 0.40%of average daily net assets from $300 million to $450 million; 0.375% of average daily net assets from $450 million to $750 million; and 0.35% of average daily net assets over $750 million**

Target Growth Allocation Fund of
Target Asset Allocation Funds
(formerly the Strategic Partners Growth Allocation Fund of Strategic Partners Asset Allocation Funds)

0.45% of average daily net assets to $150 million; 0.425% of average daily net assets from $150 million to $300 million; 0.40%of average daily net assets from $300 million to $450 million; 0.375% of average daily net assets from $450 million to $750 million; and 0.35% of average daily net assets over $750 million***

 

LR00190

 

 

 

 

Dryden International Value Fund of
Prudential World Fund, Inc.

(formerly the Strategic Partners International Value Fund)

0.45% of average daily net assets to $150 million; 0.425% of average daily net assets from $150 million to $300 million; 0.40%of average daily net assets from $300 million to $450 million; 0.375% of average daily net assets from $450 million to $750 million; and 0.35% of average daily net assets over $750 million****

 

* For purposes of calculating the advisory fee payable to LSV, the assets managed by LSV in the International Equity Portfolio of The Target Portfolio Trust will be aggregated with the assets managed by LSV in: (i) the AST International Value Portfolio of Advanced Series Trust (formerly AST LSV International Value Portfolio); (ii) the AST Advanced Strategies Portfolio of Advanced Series Trust; (iii) the SP International Value Portfolio of The Prudential Series Fund (formerly SP LSV International Value Portfolio); (iv) the Global Portfolio of The Prudential Series Fund; (v) the Target Moderate Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Moderate Allocation Fund of Strategic Partners Asset Allocation Funds); (vi) the Target Growth Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Growth Allocation Fund of Strategic Partners Asset Allocation Funds); (vii) the Dryden International Value Fund of Prudential World Fund, Inc. (formerly the Strategic Partners International Value Fund); and (viii) and any other portfolio subadvised by LSV on behalf of PI or one of its affiliates pursuant to substantially the same investment strategy.

 

** For purposes of calculating the advisory fee payable to LSV, the assets managed by LSV in the Target Moderate Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Moderate Allocation Fund of Strategic Partners Asset Allocation Funds) will be aggregated with the assets managed by LSV in: (i) the AST International Value Portfolio of Advanced Series Trust (formerly AST LSV International Value Portfolio); (ii) the AST Advanced Strategies Portfolio of Advanced Series Trust; (iii) the SP International Value Portfolio of The Prudential Series Fund (formerly SP LSV International Value Portfolio); (iv) the Global Portfolio of The Prudential Series Fund; (v) the International Equity Portfolio of The Target Portfolio Trust; (vi) the Target Growth Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Growth Allocation Fund of Strategic Partners Asset Allocation Funds); (vii) the Dryden International Value Fund of Prudential World Fund, Inc. (formerly the Strategic Partners International Value Fund); and (viii) any other portfolio subadvised by LSV on behalf of PI or one of its affiliates pursuant to substantially the same investment strategy.

 

*** For purposes of calculating the advisory fee payable to LSV, the assets managed by LSV in the Target Growth Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Growth Allocation Fund of Strategic Partners Asset Allocation Funds) will be aggregated with the assets managed by LSV in: (i) the AST International Value Portfolio of Advanced Series Trust (formerly AST LSV International Value Portfolio); (ii) the AST Advanced Strategies Portfolio of Advanced Series Trust; (iii) the SP International Value Portfolio of The Prudential Series Fund (formerly SP LSV International Value Portfolio); (iv) the Global Portfolio of The Prudential Series Fund; (v) the International Equity Portfolio of The Target Portfolio Trust; (vi) the Target Moderate Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Moderate Allocation Fund of Strategic Partners Asset Allocation Funds); (vii) the Dryden International Value Fund of Prudential World Fund, Inc. (formerly the Strategic Partners International Value Fund); and (viii) any other portfolio subadvised by LSV on behalf of PI or one of its affiliates pursuant to substantially the same investment strategy.

 

**** For purposes of calculating the advisory fee payable to LSV, the assets managed by LSV in the Dryden International Value Fund of Prudential World Fund, Inc. (formerly the Strategic Partners International Value Fund) will be aggregated with the assets managed by LSV in: (i) the AST International Value Portfolio of Advanced Series Trust (formerly AST LSV International Value Portfolio); (ii) the AST Advanced Strategies Portfolio of Advanced Series Trust; (iii) the SP International Value Portfolio of The Prudential Series Fund (formerly SP LSV International Value Portfolio); (iv) the Global Portfolio of The Prudential Series Fund; (v) the International Equity Portfolio of The Target Portfolio Trust; (vi) the Target Moderate Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Moderate Allocation Fund of Strategic Partners Asset Allocation Funds); (vii) the Target Growth Allocation Fund of Target Asset Allocation Funds (formerly the Strategic Partners Growth Allocation Fund of Strategic Partners Asset Allocation Funds); and (viii) any other portfolio subadvised by LSV on behalf of PI or one of its affiliates pursuant to substantially the same investment strategy.

 

LR00190

 

 

 

2. JennisonDryden Asset Allocation Funds

 

The table 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. Joel Kallman, a new portfolio manager for the JennisonDryden Asset Allocation Funds. The information provided is as of October 1, 2007.

 

Portfolio Manager

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

Ownership of Fund Securities

Joel Kallman

$720,645,690

$74,167,854

$5,247,225,627

None

 

LR00190