497 1 cdsc0404.txt 497 JennisonDryden Mutual Funds Strategic Partners Mutual Funds Supplement dated April 12, 2004 The following information replaces the applicable portions of the section of the Statement of Additional Information (SAI) entitled "Purchase, Redemption and Pricing of Fund Shares -- Waiver of the Contingent Deferred Sales Charge--Class B Shares": The Contingent Deferred Sales Charge (CDSC) will be waived in the case of a total or partial redemption in connection with certain distributions under the Internal Revenue Code from a tax-deferred retirement plan, an IRA or Section 403(b) custodial account. For more information, call Prudential at (800) 353-2847. For distributions from an IRA or 403(b) Custodial Account, the shareholder must submit a copy of the distribution form from the custodial firm indicating (i) the date of birth of the shareholder and (ii) that the shareholder is over age 70 1/2. The distribution form must be signed by the shareholder. 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 Dryden Municipal Series Fund October 31, 2003 Florida Series New Jersey Series New York Series Pennsylvania Series Dryden Global Total Return Fund, Inc. March 1, 2004 Dryden High Yield Fund, Inc. February 27, 2004 Dryden National Municipals Fund, Inc. February 27, 2004 Dryden Total Return Bond Fund, Inc. February 27, 2004 Dryden Short-Term Bond Fund, Inc. February 19, 2003 Dryden Short-Term Corporate Bond Fund Dryden Ultra-Short Bond Fund Dryden Index Series Fund November 25, 2003 Dryden Stock Index Fund Dryden Tax-Managed Funds January 30, 2004 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 MF2004C3