JennisonDryden Mutual Funds
Strategic Partners Mutual Funds

Supplement dated March 24, 2004

The following information replaces the indicated subsections
of the section of the Statement of Additional Information
(SAI) entitled "Purchase, Redemption and Pricing of Fund
Shares -- Reduction and Waiver of Initial Sales Charge--
Class A Shares":


Reduction and Waiver of Initial Sales Charge--Class A Shares

Benefit Plans.  Certain group retirement and savings plans
may purchase Class A shares without the initial sales charge
if they meet the required minimum for amount of assets,
average account balance or number of eligible employees.  For
more information about these requirements, call Prudential at
(800) 353-2847.

Other Waivers.  In addition, Class A shares may be purchased
at NAV, without the initial sales charge, through the
Distributor or Transfer Agent, by:

- -	officers of the JennisonDryden and Strategic Partners
	mutual funds (including the Fund),
- -	employees of the Distributor, PI and certain of their
	subsidiaries and members of the families of such
	persons who maintain an "employee related" account at
	the Transfer Agent,
- -	employees of subadvisers of the JennisonDryden and
	Strategic Partners mutual funds, provided that
	purchases at NAV are permitted by such person's
	employer,
- -	Prudential, employees and special agents of Prudential
	and certain of its subsidiaries and all persons who
	have retired directly active service with Prudential
	or one 	of its subsidiaries,
- -	members of the Board of Directors of Prudential,
- -	real estate brokers, agents and employees of real
	estate brokerage companies affiliated with The
	Prudential Real Estate Affiliates who maintain an
	account at Pruco or with the Transfer Agent,
- -	registered representatives and employees of brokers
	who have entered into a selected deal agreement with
	the Distributor, provided that purchases at NAV are
	permitted by such person's employer,
- -	investors in individual retirement accounts (IRAs),
	provided that the purchase is made with the proceeds
	of a tax-free rollover of assets from a Benefit Plan
	for which Prudential provides administrative or
	recordkeeping services and further provided that such
	purchase is made within 60 days of receipt of the Benefit
	Plan distribution,
- -	orders placed by broker-dealers, investment advisers or
	financial planners who have entered into an agreement
	with the Distributor, who place trades for their own
	accounts or the accounts of their clients and who charge
	a management consulting or other fee for their services
	(for example, mutual fund "wrap" or asset allocation
	programs), and
- -	orders placed by clients of broker-dealers, investment
	advisers or financial planners who place trades for
	customer accounts if the accounts are linked to the
	master account of such broker-dealer, investment adviser
	or financial planner and the broker-dealer, investment
	adviser or financial planner charges its clients a
	separate fee for its services (for example, mutual
	fund "supermarket programs").

Broker-dealers, investment advisers or financial planners
sponsoring fee-based programs (such as mutual fund "wrap" or
asset allocation programs and mutual fund "supermarket" programs)
may offer their clients more than one class of shares in the Fund
in connection with different pricing options for their programs.
Investors should consider carefully any separate transaction and
other fees charged by these programs in connection with investing
in each available share class before selecting a share class.

For an investor to obtain any reduction or waiver of the initial
sales charge, at the time of the sale either the Transfer Agent
must be notified directly by the investor or the Distributor must
be notified by the dealer facilitating the transaction that the
sale qualifies for the reduced or waived sales charge. The
reduction or waiver will be granted subject to confirmation of your
entitlement.  No initial sales charge is imposed upon Class A shares
acquired upon the reinvestment of dividends and distributions.

Letters of Intent.  Reduced sales charges are available to investors
(or an eligible group of investors) who enter into a written letter
of intent providing for the investment, within a thirteen-month
period, of a specified dollar amount in the Fund or other
JennisonDryden or Strategic Partners mutual funds.  Retirement
and group plans no longer qualify to purchase Class A shares at
NAV by entering into a letter of intent.

For purposes of the letter of intent, all shares of a Fund and
shares of other JennisonDryden and Strategic Partners mutual
funds (excluding money market funds other than those acquired
 pursuant to the exchange privilege) which were previously purchased
and are still owned are also included in determining the applicable
reduction.  However, the value of shares held directly with the
Transfer Agent and through your broker will not be aggregated to
determine the reduced sales charge.

A letter of intent permits an investor to establish a total
investment goal to be achieved by any number of investments
over a thirteen-month period. Each investment made during the
period will receive the reduced sales charge applicable to the
amount represented by the goal, as if it were a single investment.
Escrowed Class A shares totaling 5% of the dollar amount of the
letter of intent will be held by the Transfer Agent in the name
of the investor.  The effective date of a letter of intent may
be back-dated up to 90 days, in order that any investments made
during this 90-day period, valued at the investor's cost, can be
applied to fulfillment of the letter of intent goal.

A letter of intent does not obligate the investor to purchase,
nor the Fund to sell, the indicated amount. In the event the
letter of intent goal is not satisfied within the thirteen-month
period, the investor is required to pay the difference between
the sales charge otherwise applicable to the purchases made during
this period and sales charges actually paid. Such payment may be
made directly to the Distributor or, if not paid, the Distributor
will redeem sufficient escrowed shares to obtain such difference.
Investors electing to purchase shares of the Fund pursuant to a
letter of intent should carefully read such letter.

The Distributor must be notified at the time of purchase that
the investor is entitled to a reduced sales charge. The reduced
sales charge will be granted subject to confirmation of the
investor's holdings.

The following information replaces the section of the SAI entitled
"Purchase, Redemption and Pricing of Fund Shares -- Rights of
Accumulation":

Reduced sales charges are also available through Rights of
Accumulation, under which an investor or an eligible group of
related investors, as described above under "Combined Purchase
and Cumulative Purchase Privilege," may aggregate the value
of their existing holdings of shares of the Fund and shares of
other JennisonDryden and Strategic Partners mutual funds (excluding
money market funds other than those acquired pursuant to the
exchange privilege) to determine the reduced sales charge. However,
the value of shares held directly with the Transfer Agent and
through your broker will not be aggregated to determine the reduced
sales charge. The value of existing holdings for purposes of
determining the reduced sales charge is calculated using the maximum
offering price (NAV plus maximum sales charge) as of the previous
business day. The Distributor, your broker or the Transfer Agent must
be notified at the time of purchase that the investor is entitled to
a reduced sales charge. Reduced sales charges will be granted subject
to confirmation of the investor's holdings.



Listed below are the names of the JennisonDryden and Strategic
Partners Mutual Funds and the dates of the SAIs to which this
Supplement relates.

Name of Fund						SAI Date

Dryden Government Income Fund, Inc. 			May 1, 2003
Dryden Municipal Bond Fund				June 30, 2003
	High Income Series
	Insured Series
Dryden California Municipal Fund			October 31, 2003
	California Series
	California Income Series
	California Money Market Series
Dryden Municipal Series Fund				October 31, 2003
	Florida Series
	New Jersey Series
	New Jersey Money Market Series
	New York Series
	New York Money Market Series
	Pennsylvania Series
Dryden Short-Term Bond Fund, Inc. 			February 19, 2003
	Dryden Short-Term Corporate Bond Fund
	Dryden Ultra-Short Bond Fund
Dryden Stock Index Series Fund				November 25, 2003
	Dryden Stock Index Fund
Dryden Tax-Managed Funds				November 26, 2003
Dryden Large-Cap Core Equity Fund, Inc.
Dryden Small-Cap Core Equity Fund, Inc. 		January 30, 2004
Jennison 20/20 Focus Fund				March 31, 2003
Jennison Natural Resources Fund, Inc. 			May 31, 2003
Jennison Sector Funds, Inc. 				February 2, 2004
	Jennison Health Sciences Fund
	Jennison Financial Services Fund
	Jennison Technology Fund
	Jennison Utility Fund
Jennison Small Company Fund, Inc. 			November 26, 2003
Jennison U.S. Emerging Growth Fund, Inc. 		February 2, 2004
Jennison Value Fund					January 30, 2004
The Prudential Investment Portfolios, Inc.
Jennison Equity Opportunity Fund			December 3, 2003
	Jennison Growth Fund				December 3, 2003
	Dryden Active Allocation Fund			December 3, 2003
	JennisonDryden Conservative Allocation Fund	February 17, 2004
	JennisonDryden Moderate Allocation Fund		February 17, 2004
	JennisonDryden Growth Allocation Fund		February 17, 2004
Prudential World Fund, Inc. 				January 29, 2004
	Dryden International Equity Fund
	Jennison Global Growth Fund
	Strategic Partners International Value Fund
Strategic Partners Real Estate Securities Fund		May 28, 2003
Strategic Partners Asset Allocation Funds		October 2, 2003
	Strategic Partners Conservative Growth Fund
	Strategic Partners Moderate Growth Fund
	Strategic Partners High Growth Fund
Strategic Partners Style Specific Funds			October 2, 2003
	Strategic Partners Large Cap Growth Fund
	Strategic Partners Large Cap Value Fund
	Strategic Partners Small Cap Growth Fund
	Strategic Partners Small Cap Value Fund
	Strategic Partners Total Return Bond Fund
Strategic Partners Opportunity Funds			April 30, 2003
	Strategic Partners Focused Growth Fund
	Strategic Partners New Era Growth Fund
	Strategic Partners Focused Value Fund
	Strategic Partners Mid Cap Value Fund













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