Strategic Partners Asset Allocation Funds
Strategic Partners Conservative Growth Fund
Strategic Partners Moderate Growth Fund
Strategic Partners High Growth Fund
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Supplement dated January 26, 2004
to the Prospectus and Statement of Additional Information dated
October 2, 2003

The following information supercedes any contrary information
contained in the Prospectus or in the statement of additional
information (SAI), in particular, the section of the Prospectus
entitled "How to Buy, Sell and Exchange Shares of the Fund(s),"
and the section of the SAI entitled "Purchase, Redemption and
Pricing of Fund Shares:

Effective February 2, 2004, purchases of Class C shares will
not be subject to an initial sales charge.  Effective February
2, 2004, Class C shares purchased on or after February 2, 2004
will be subject to a contingent deferred sales charge (CDSC) for
a period of 12 months from the date of purchase.

To reflect these changes, the section of the Prospectus entitled
"Risk/Return Summary -- Fees and Expenses" is amended with the
following:


Shareholder Fees1 (paid directly from your investment)	     	Class C

Maximum sales charge (load) imposed on purchases (as a 	    	None
percentage of offering price)

Maximum deferred sales charge (load) (as a percentage 		1%4
of the lower of original purchase price or sale proceeds)

Maximum sales charge (load) imposed on reinvested 		None
dividends and other distributions

Redemption fees							None

Exchange fee							None

4 The CDSC for Class C shares is 1% for shares redeemed within
12 months from the date of purchase.


To reflect these changes, the section of the Prospectus entitled
"Risk/Return Summary -- Fees and Expenses -- Example" is amended with
the following:

This example will help you compare the fees and expenses of
Class C shares of the Fund with the other share classes of the Fund
and compare the cost of investing in Class C shares of the Fund with
the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund's Class
C shares for the time periods indicated and then sell all of your
shares at the end of those periods.  The example also assumes that
your investment has a 5% return each year and that the Fund's
operating expenses   remain the same.  Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:


				1 YR*  		3 YRS	5 YRS	10 YRS
Conservative Growth
Fund Class C shares		$329 ($229)	$706	$1,210	$2,595

Moderate Growth
Fund Class C Shares		$327 ($227)	$700	$1,200	$2,575

High Growth
Fund Class C Shares		$349 ($249)	$767	$1,311	$2,796

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*Because Class C shares are subject to a contingent deferred sales charge
(CDSC) of 1% on shares sold within 12 months after purchase, the amount in
parentheses represents your expenses on the same investment if you do not
sell your shares during the first year after purchase.  Because no CDSC
applies after 12 months, there is no difference in expenses for shares
whether or not they are sold after being held for three, five or ten years.












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