-----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, R/FP32/eql/NCqCKfcd5r1fBf6WANPhO5ScGoLuxeKQf1SFOIOiz6hHrPgDPBE2U bUvffj1dyk5bNd3XOhWS0g== 0000940400-06-000556.txt : 20060929 0000940400-06-000556.hdr.sgml : 20060929 20060929093035 ACCESSION NUMBER: 0000940400-06-000556 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20060929 DATE AS OF CHANGE: 20060929 EFFECTIVENESS DATE: 20060929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRATEGIC PARTNERS ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-08915 FILM NUMBER: 061115639 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: PRUDENTIAL DIVERSIFIED FUNDS DATE OF NAME CHANGE: 19980930 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED SERIES DATE OF NAME CHANGE: 19980803 0001067442 S000004703 STRATEGIC PARTNERS 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 STRATEGIC PARTNERS 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 STRATEGIC PARTNERS 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 NSAR-B 1 spasset.fil PAGE 1 000 B000000 07/31/2006 000 C000000 0001067442 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 TARGET ASSET ALLOCATION FUNDS 001 B000000 811-08915 001 C000000 9738026469 002 A000000 100 MULBERRY STREET 002 B000000 NEWARK 002 C000000 NJ 002 D010000 07102 002 D020000 4077 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 3 007 C010100 1 007 C020100 TARGET CONSERVATIVE ALLOCATION FUND 007 C030100 N 007 C010200 2 007 C020200 TARGET MODERATE ALLOCATION FUND 007 C030200 N 007 C010300 3 007 C020300 TARGET GROWTH ALLOCATION FUND 007 C030300 N 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 010 A00AA01 PRUDENTIAL INVESTMENTS LLC 010 B00AA01 2-31104 010 C01AA01 NEWARK 010 C02AA01 NJ 010 C03AA01 07102 010 C04AA01 4077 011 A00AA01 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES 011 B00AA01 8-36540 011 C01AA01 NEWARK 011 C02AA01 NJ 011 C03AA01 07102 012 A00AA01 PRUDENTIAL MUTUAL FUND SERVICES LLC PAGE 2 012 B00AA01 84-5681 012 C01AA01 ISELIN 012 C02AA01 NJ 012 C03AA01 08830 013 A00AA01 KPMG LLP 013 B01AA01 NEW YORK 013 B02AA01 NY 013 B03AA01 10017 014 A00AA01 WACHOVIA SECURITIES LLC 014 B00AA01 8-37180 014 A00AA02 PRUCO SECURITIES LLC 014 B00AA02 8-16402 014 A00AA03 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC 014 B00AA03 8-36540 014 A00AA04 WEXFORD CLEARING SERVICES LLC 014 B00AA04 8-48636 014 A00AA05 PRUDENTIAL EQUITY GROUP LLC 014 B00AA05 8-27154 014 A00AA06 FIRST CLEARING LLC 014 B00AA06 8-35158 014 A00AA07 AMERICAN SKANDIA MARKETING, INC. 014 B00AA07 8-39058 014 A00AA08 PRU GLOBAL SECURITIES LLC 014 B00AA08 8-66040 014 A00AA09 WACHOVIA SECURITIES FINANCIAL NETWORK, LLC 014 B00AA09 8-28721 015 A00AA01 PFPC TRUST COMPANY 015 B00AA01 C 015 C01AA01 PHILADELPHIA 015 C02AA01 PA 015 C03AA01 19153 015 E01AA01 X 015 A00AA02 CITIBANK PTY LIMITED 015 B00AA02 S 015 C01AA02 MELBOURNE 015 D01AA02 AUSTRALIA 015 E04AA02 X 015 A00AA03 CITIBANK N.A. 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ASSISTANT SECRETARY EX-99.77D POLICIES 2 spaaf77d8.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(8) Policies With Respect to Security Investment Strategic Partners Asset Allocation Funds Strategic Partners Moderate Allocation Fund Strategic Partners Growth Allocation Fund Supplement dated February 1, 2006 to the Prospectus and Statement of Additional Information (SAI) dated September 30, 2005 Lei Wang has been appointed as a portfolio manager for the international equity segments of the Strategic Partners Moderate Allocation Fund and the Strategic Partners Growth Allocation Fund advised by Thornburg. In the Prospectus, the first of the information pertaining to Thornburg Investment Management, Inc. appearing in the section titled " HOW THE FUND IS MANAGED - ADVISERS AND PORTFOLIO MANAGERS " is hereby revised to state: William V. Fries, CFA , a Managing Director of Thornburg, Wendy Trevisani , a Managing Director of Thornburg, and Lei Wang, CFA, a Managing Director of Thornburg, serve as co-portfolio managers for the portion of the international equity segments of the Funds advised by Thornburg. The following text is added to the end of the same paragraph: Lei Wang joined Thornburg Investment Management in 2004 as an Associate Portfolio Manager. Prior to joining Thornburg, Mr. Wang served as a research analyst at Enso Capital Management LLC in New York City. He has also worked as a Financial Associate at Deutsche Bank in both London and New York City. Previously, Mr. Wang was an Analyst with The People's Bank of China (China's central bank) in Shanghai, China. He completed his BA and MA at East China Normal University and received his MBA in Finance from New York University. He has earned the right to use the CFA designation and is a member of the CFA Institute and Security Analyst Society of New York. In the SAI, the following is added to the section titled " INVESTMENT ADVISORY AND OTHER SERVICES " , sub-section titled "Portfolio Managers ": A. OTHER ACCOUNTS MANAGED BY PORTFOLIO MANAGERS Lei Wang of Thornburg (as of 12/31/05) 0 registered investment companies 0 other pooled investment vehicles 0 accounts C. PORTFOLIO MANAGER SECURITIES OWNERSHIP Lei Wang of Thornburg (as of 12/31/05) None EX-99.77B ACCT LTTR 3 spaaf77b1.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Trustees of Target Asset Allocation Funds - Target Conservative Allocation Fund: In planning and performing our audit of the financial statements of the Target Conservative Allocation Fund, (formerly known as Strategic Partners Conservative Allocation Fund, hereafter referred to as the "Fund"), for the year ended July 31, 2006, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of internal control over financial reporting. Accordingly, we express no such opinion. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projection of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company's ability to initiate, authorize, record, process or report external financial data reliably in accordance with U.S. generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weakness under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operations, including controls for safeguarding securities that we consider to be a material weakness as defined above as of July 31, 2006. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP New York, New York September 12, 2006 EX-99.77B ACCT LTTR 4 spaaf77b2.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Trustees of Target Asset Allocation Funds - Target Moderate Allocation Fund: In planning and performing our audit of the financial statements of the Target Moderate Allocation Fund, (formerly known as Strategic Partners Moderate Allocation Fund, hereafter referred to as the "Fund"), for the year ended July 31, 2006, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of internal control over financial reporting. Accordingly, we express no such opinion. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projection of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company's ability to initiate, authorize, record, process or report external financial data reliably in accordance with U.S. generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weakness under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operations, including controls for safeguarding securities that we consider to be a material weakness as defined above as of July 31, 2006. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP New York, New York September 12, 2006 EX-99.77B ACCT LTTR 5 spaaf77b3.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Trustees of Target Asset Allocation Funds - Target Growth Allocation Fund: In planning and performing our audit of the financial statements of the Target Growth Allocation Fund, (formerly known as Strategic Partners Growth Allocation Fund, hereafter referred to as the "Fund"), for the year ended July 31, 2006, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of internal control over financial reporting. Accordingly, we express no such opinion. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projection of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company's ability to initiate, authorize, record, process or report external financial data reliably in accordance with U.S. generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weakness under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operations, including controls for safeguarding securities that we consider to be a material weakness as defined above as of July 31, 2006. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP New York, New York September 12, 2006 EX-99.77D POLICIES 6 spaaf77d1.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(1) Policies With Respect to Security Investment STRATEGIC PARTNERS ASSET ALLOCATION FUNDS Supplement Dated July 25, 2006 to Prospectus and Statement of Additional Information Dated September 30, 2005 At a recent meeting, the Board of Trustees of Strategic Partners Asset Allocation Funds (the Trust) approved a new name for the Trust. Effective on or about September 30, 2006, the name of the Trust will be changed to Target Asset Allocation Funds. The Board of Trustees of the Company also approved new names for each of the following: CURRENT FUND NAME NEW FUND NAME Strategic Partners Conservative Target Conservative Allocation Allocation Fund Fund Strategic Partners Moderate Target Moderate Allocation Fund Allocation Fund Strategic Partners Growth Target Growth Allocation Fund Allocation Fund The new fund names will become effective on or about September 30, 2006. The investment policies of each fund will not change as a result of the change in names. EX-99.77D POLICIES 7 spaaf77d2.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(2) Policies With Respect to Security Investment STRATEGIC PARTNERS ASSET ALLOCATION FUNDS Strategic Partners Conservative Allocation Fund Strategic Partners Moderate Allocation Fund Strategic Partners Growth Allocation Fund (the Funds) Supplement dated June 28, 2006 to Prospectus and Statement of Additional Information (SAI ) dated September 30, 2005 I. The section of the SAI entitled "Investment Advisory and Other Services-Managers and Advisers" is hereby revised by deleting the existing contractual subadvisory fee rates set out for Marsico Capital Management LLC ("Marsico") with respect to each of the Funds and substituting the following: 0.40% of aggregate assets up to $1.5 billion; 0.35% of aggregate assets over $1.5 billion* *For purposes of fee calculation, the assets of the following portfolios and funds subadvised by Marsico and managed or co-managed by Prudential Investments LLC and/or American Skandia Investment Services, Inc. will be aggregated: (i)American Skandia Trust AST Marsico Capital Growth Portfolio; (ii)Strategic Partners Mutual Funds, Inc. - Strategic Partners Capital Growth Fund; (iii)Strategic Partners Asset Allocation Funds - Strategic Partners Conservative Allocation Fund; (iv)Strategic Partners Asset Allocation Funds - Strategic Partners Moderate Allocation Fund; (v)Strategic Partners Asset Allocation Funds - Strategic Partners Growth Allocation Fund; (vi)The Target Portfolio Trust - Large Capitalization Growth Portfolio (vii)The Prudential Series Fund - Global Portfolio; (viii)American Skandia Trust AST Advanced Strategies Portfolio; and (ix)Future large cap growth accounts for which Marsico may provide substantially similar advisory or sub-advisory services and which Marsico, Prudential Investments LLC and/or American Skandia Investment Services, Inc. (as applicable) mutually agree in writing may be included in determining the level of average daily net assets. II. With respect to the Moderate Allocation Fund and the Growth Allocation Fund, effective on or about July 1, 2006, the contractual subadvisory fee payable to Thornburg Investment Management, Inc. ("Thornburg") under the subadvisory agreement between Thornburg and Prudential Investments LLC will change. The section of the SAI entitled "Investment Advisory and Other Services-Managers and Advisers" is hereby revised by deleting the existing contractual subadvisory fee rates set out for Thornburg with respect to the Moderate Allocation Fund and the Growth Allocation Fund and substituting the following new contractual subadvisory fee rates: 0.35% on aggregate assets up to $100 million; 0.30% on aggregate assets over $100 million* * For purposes of the fee calculation, the assets managed by Thornburg in the Funds will be aggregated with the assets managed by Thornburg in the following funds and portfolios: (i)Prudential World Fund, Inc. - Strategic Partners International Value Fund; (ii)American Skandia Trust - AST LSV International Value Portfolio; (iii)The Prudential Series Fund - SP LSV International Value Portfolio; and (iv)The Target Portfolio Trust - International Equity Portfolio. * * * These changes in subadvisory fees have no effect on advisory fee rates payable by any of the Funds. EX-99.77D POLICIES 8 spaaf77d3.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(3) Policies With Respect to Security Investment Jennison 20/20 Focus Fund Dryden Short-Term Bond Fund, Inc. Jennison Blend Fund, Inc. Dryden Small Cap Core Equity Fund, Inc. Jennison Natural Resources Fund, Inc. Dryden Tax-Free Money Fund Jennison Small Company Fund, Inc. Dryden Tax-Managed Funds Jennison U.S. Emerging Growth Fund, Dryden Total Return Bond Fund, Inc. Inc. Jennison Value Fund MoneyMart Assets, Inc. Dryden California Municipal Fund Prudential Investment Portfolios, Inc. Dryden Global Total Return Fund, Inc. Prudential World Fund, Inc. Dryden Government Income Fund, Inc. Nicholas-Applegate Fund, Inc. Dryden Government Securities Trust Strategic Partners Asset Allocation Funds, Inc. Dryden High Yield Fund, Inc. Strategic Partners Mutual Funds, Inc. Dryden Index Series Fund, Inc. Strategic Partners Opportunity Funds Dryden Municipal Bond Fund Strategic Partners Real Estate Fund, Dryden Municipal Series Fund Strategic Partners Style Specific Funds, Inc. Dryden National Municipals Fund, Inc. Supplement dated May 24, 2006 to the Prospectus This supplement amends the Prospectus of each of the funds referenced below and is in addition to any existing supplement to a Fund's Prospectus. JENNISONDRYDEN MUTUAL FUNDS Jennison 20/20 Focus Fund Dryden High Yield Fund Jennison Blend Fund Dryden International Equity Fund Jennison Conservative Growth Fund Dryden Large Cap Core Equity Fund Jennison Equity Opportunity Fund Dryden National Municipals Fund Jennison Financial Services Fund California Income Series Jennison Global Growth Fund California Series Jennison Growth Fund Florida Series Jennison Health Sciences Fund New Jersey Series Jennison Natural Resources Fund New York Series Jennison Select Growth Portfolio Pennsylvania Series Jennison Small Company Fund Dryden Short-Term Corporate Bond Fund Jennison Technology Fund Dryden Small Cap Core Equity Fund Jennison U.S. Emerging Growth Fund Dryden Stock Index Fund Jennison Utility Fund Dryden Strategic Value Fund Jennison Value Fund Dryden Tax-Free Money Fund JennisonDryden Conservative Allocation Dryden Total Return Bond Fund Fund JennisonDryden Growth Allocation Fund Dryden Ultra Short Bond Fund JennisonDryden Moderate Allocation Fund High Income Series Insured Series Dryden Active Allocation Fund Money Market Series MoneyMart Assets Dryden Global Total Return Fund Dryden Government Income Fund STRATEGIC PARTNERS MUTUAL FUNDS Strategic Partners Balanced Fund Strategic Partners Managed OTC Fund Strategic Partners Capital Growth Fund Strategic Partners Mid Cap Growth Strategic Partners Concentrated Growth Strategic Partners Mid Cap Value Fund Fund Strategic Partners Conservative Strategic Partners Moderate Allocation Fund Allocation Fund Strategic Partners Core Value Fund Strategic Partners Money Market Fund Strategic Partners Equity Income Fund Strategic Partners New Era Growth Strategic Partners Growth Allocation Strategic Partners Real Estate Fund Fund Strategic Partners High Yield Bond Fund Strategic Partners Small Cap Growth Fund Strategic Partners International Growth Strategic Partners Small Cap Value Fund Strategic Partners International Value Strategic Partners Technology Fund Fund Strategic Partners Large Cap Value Strategic Partners Total Return Bond Nicholas-Applegate Growth Equity Fund 1. The table captioned "Shareholder Fees" under the caption "Fees and Expenses" is amended by adding the following as the final row in the table: SHAREHOLDER FEES (PAID DIRECTLY FROM YOUR INVESTMENT) Small balance account fee beginning on or about November 17, 2006 Class A $15 Class B $15 Class C $15 Class R None Class Z None Class I None Class Y $15 2. A new second note is added to the "Notes to Fees and Expenses Table," as follows: Beginning on or about November 17, 2006, if the value of your account is less than $2,500, the Fund will deduct a $15 annual small balance account fee from your account. The small balance account fee will also be charged on accounts invested in Class L, M or X shares (these share classes are currently not offered for sale). Thereafter, beginning in 2007, the $15 annual small balance account fee will be assessed during the 4 th calendar quarter of each year. Any applicable CDSC on the shares redeemed to pay the $15 small balance account fee will be waived. The $15 small balance account fee will not be charged on: (i) accounts during the first six months from inception of the account, (ii) omnibus accounts, (iii) institutional accounts, (iv) group retirement plans, and (v) Automatic Investment Plan ("AIP") accounts or employee savings plan accounts. For more information, see "Purchase, Redemption and Pricing of Fund Shares - Small Balance Account Fee" in the Statement of Additional Information. 3. The table under the caption "Share Class Comparison" is amended by deleting the columns headed Class A, Class B and Class C, and replacing them with the following: Minimum purchase amount Class A $1,000 Class B $1,000 Class C $2,500 Minimum purchase amount beginning on or about November 17, 2006 Class A $2,500 Class B $2,500 Class C $2,500 Minimum amount for subsequent purchases Class A $100 Class B $100 Class C $100 Maximum initial sales charge Class A 5.5% of the public offering price Class B None Class C None Contingent Deferred Sales Charge (CDSC)(as a percentage of the lower of original purchase price or sale proceeds) Class A 1% (on investments of $1 million or more redeemed within 1 year) Class B 5% (Year 1) 4% (Year 2) 3% (Year 3) 2% (Year 4) 1% (Year 5/6) 0% (Year 7) Class C 1% (year 1) Annual distribution and service (12b-1) fees(shown as a percentage of average daily net assets) Class A .30 of 1%(.25 of 1% currently) Class B 1% Class C 1% 4. The first note under the caption "Notes to Share Class Comparison Table" is deleted and replaced with the following: The minimum initial and subsequent investment requirements do not apply to employee savings plan accounts or payroll deduction plan accounts. The minimum initial and subsequent investment for purchases made through the Automatic Investment Plan ("AIP") is $50. Effective on or about November 17, 2006: (i) the minimum initial investment for retirement accounts and custodial accounts for minors is $1,000, and (ii) subsequent investments through newly-established AIP accounts must be at least $1,200 annually. Prior thereto, the minimum investment requirements do not apply to certain retirement and custodial accounts for minors. For more information, see "Additional Shareholder Services." 5. The second and third notes under the caption "Notes to Share Class Comparison Table" are deleted and replaced with the following: Beginning on or about November 17, 2006, if the value of your Class A, Class B, Class C or Class Y account is less than $2,500, the Fund will deduct a $15 annual small balance account fee from your account. Thereafter, beginning in 2007, the $15 annual small balance account fee will be assessed during the 4 th calendar quarter of each year. Any applicable CDSC on the shares redeemed to pay the $15 small balance account fee will be waived. The $15 small balance account fee will not be charged on: (i) accounts during the first six months from inception of the account, (ii) omnibus accounts, (iii) institutional accounts, (iv) group retirement plans, and (v) Automatic Investment Plan ("AIP") accounts or employee savings plan accounts. For more information, see "Fees and Expenses" and the table captioned "Shareholder Fees" in this Prospectus, and "Purchase, Redemption and Pricing of Fund Shares - Small Balance Account Fee" in the Statement of Additional Information. For more information about the CDSC and how it is calculated, see "How to Sell Your Shares -- Contingent Deferred Sales Charge (CDSC)." Investors who purchase $1 million or more of Class A shares and sell these shares within 12 months of purchase are subject to a 1% CDSC, although they are not subject to an initial sales charge. The CDSC is waived for purchases by certain retirement or benefit plans. 6. The following is added immediately following the caption "Qualifying for Class Z Shares" Institutional Investors. Various institutional investors may purchase Class Z shares, including corporations, banks, governmental entities, municipalities, and IRS section 501 entities, such as foundations and endowments. The minimum initial investment for such investors is $10 million. Institutional investors are responsible for indicating their eligibility to purchase Class Z Shares at the time of purchase. 7. The section captioned "How to Sell Shares - Small Accounts" is deleted and replaced with the following: Involuntary Redemption of Small Accounts. Beginning on or about November 10, 2006, if the value of your account is less than $500 for any reason, we may sell the rest of your shares (without charging any CDSC) and close your account. We would do this to minimize the Fund's expenses paid by other shareholders. The involuntary sale provisions do not apply to Automatic Investment Plan ("AIP") accounts, employee savings plan accounts, payroll deduction plan accounts, or retirement accounts (such as a 401(k) plan, an IRA or other qualified or tax-deferred plan or account). Prior thereto, if you make a sale that reduces your account value to less than $500, we may sell the rest of your shares (without charging any CDSC) and close your account; this involuntary sale does not apply to shareholders who own their shares as part of a retirement account. For more information, see "Purchase, Redemption and Pricing of Fund Shares - Involuntary Redemption" in the Statement of Additional Information. Note that beginning November 17, 2006, if the value of your account is less than $2,500 (with certain exclusions), a $15 annual small balance account fee will be deducted from your account; any applicable CDSC on the shares redeemed to pay the $15 small balance account fee will be waived. For more information, see "Fees and Expenses" and the table captioned "Shareholder Fees" in this Prospectus, and "Purchase, Redemption and Pricing of Fund Shares - Small Balance Account Fee" in the Statement of Additional Information. EX-99.77D POLICIES 9 spaaf77d4.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(4) Policies With Respect to Security Investment Jennison 20/20 Focus Fund Jennison Blend Fund, Inc. Jennison Natural Resources Fund, Inc. Jennison Small Company Fund, Inc. Jennison U.S. Emerging Growth Fund, Inc. Jennison Value Fund Dryden California Municipal Fund Dryden Global Total Return Fund, Inc. Dryden Government Income Fund, Inc. Dryden Government Securities Trust Dryden High Yield Fund, Inc. Dryden Index Series Fund, Inc. Dryden Municipal Bond Fund Dryden Municipal Series Fund Dryden National Municipals Fund, Inc. Dryden Short-Term Bond Fund, Inc. Dryden Small Cap Core Equity Fund, Inc. Dryden Tax-Free Money Fund Dryden Tax-Managed Funds Dryden Total Return Bond Fund, Inc. MoneyMart Assets, Inc. Prudential Investment Portfolios, Inc. Prudential World Fund, Inc. Nicholas-Applegate Fund, Inc. Strategic Partners Asset Allocation Funds, Inc. Strategic Partners Mutual Funds, Inc. Strategic Partners Opportunity Funds Strategic Partners Real Estate Fund, and Strategic Partners Style Specific Funds, Inc. SUPPLEMENT DATED MAY 24, 2006 TO THE STATEMENT OF ADDITIONAL INFORMATION This supplement amends the Statement of Additional Information ("SAI") of each of the funds referenced below and is in addition to any existing supplement to a Fund's SAI. JENNISONDRYDEN MUTUAL FUNDS Jennison 20/20 Focus Fund Jennison Blend Fund Jennison Conservative Growth Fund Jennison Equity Opportunity Fund Jennison Financial Services Fund Jennison Global Growth Fund Jennison Growth Fund Jennison Health Sciences Fund Jennison Natural Resources Fund Jennison Select Growth Portfolio Jennison Small Company Fund Jennison Technology Fund Jennison U.S. Emerging Growth Fund Jennison Utility Fund Jennison Value Fund JennisonDryden Conservative Allocation Fund JennisonDryden Growth Allocation Fund JennisonDryden Moderate Allocation Fund Dryden Active Allocation Fund Dryden Global Total Return Fund Dryden Government Income Fund Dryden High Yield Fund Dryden International Equity Fund Dryden Large Cap Core Equity Fund Dryden National Municipals Fund California Income Series California Series Florida Series New Jersey Series New York Series Pennsylvania Series Dryden Short-Term Corporate Bond Fund Dryden Small Cap Core Equity Fund Dryden Stock Index Fund Dryden Strategic Value Fund Dryden Tax-Free Money Fund Dryden Total Return Bond Fund Dryden Ultra Short Bond Fund High Income Series Insured Series Money Market Series MoneyMart Assets STRATEGIC PARTNERS MUTUAL FUNDS Strategic Partners Balanced Fund Strategic Partners Capital Growth Fund Strategic Partners Concentrated Growth Fund Strategic Partners Conservative Allocation Fund Strategic Partners Core Value Fund Strategic Partners Equity Income Fund Strategic Partners Growth Allocation Fund Strategic Partners High Yield Bond Fund Strategic Partners International Growth Fund Strategic Partners International Value Fund Strategic Partners Large Cap Value Strategic Partners Managed OTC Fund Strategic Partners Mid Cap Growth Fund Strategic Partners Mid Cap Value Fund Strategic Partners Moderate Allocation Fund Strategic Partners Money Market Fund Strategic Partners New Era Growth Strategic Partners Real Estate Fund Strategic Partners Small Cap Growth Fund Strategic Partners Small Cap Value Strategic Partners Technology Fund Strategic Partners Total Return Bond Nicholas-Applegate Growth Equity Fund 1. The section captioned "Purchase, Redemption and Pricing of Fund Shares - Involuntary Redemption" is deleted and replaced with the following: Involuntary Redemption. Beginning on or about November 10, 2006, if the value of your account is less than $500 for any reason, we may sell the rest of your shares (without charging any CDSC) and close your account. The involuntary sale provisions do not apply to: (i) an IRA or other qualified or tax-deferred retirement plan or account, (ii) Automatic Investment Plan ("AIP") accounts, employee savings plan accounts or payroll deduction plan accounts, (iii) accounts with the same registration associated with multiple share classes within the Fund, or (iv) clients with assets more than $50,000 across the Strategic Partners and JennisonDryden families of mutual funds. "Client" for this purpose has the same definition as for purposes of Rights of Accumulation, i.e., an investor and an eligible group of related investors. For more information, see "Reducing or Waiving Class A's Initial Sales Charge" in the Prospectus. 2. A new section captioned "Small Balance Account Fee" is added immediately following "Purchase, Redemption and Pricing of Fund Shares - Involuntary Redemption": Small Balance Account Fee. In order to offset the disproportionate effect (in basis points) of expenses associated with servicing small balance accounts, beginning on or about November 17, 2006, if the value of your account is less than $2,500, a $15 annual small balance account fee will be deducted from your account. Thereafter, beginning in 2007, the $15 annual small balance account fee will be assessed during the 4th calendar quarter of each year. Any applicable CDSC on the shares redeemed to pay the $15 small balance account fee will be waived. The $15 small balance account fee will not be charged on: (i) accounts during the first six months from inception of the account, (ii) omnibus accounts, (iii) institutional accounts, (iv) group retirement plans (including SIMPLE IRA plans, profit-sharing plans, money purchase pension plans, Keogh plans, defined compensation plans, defined benefit plans and 401(k) plans), (v) Automatic Investment Plan ("AIP") accounts or employee savings plan accounts, (vi) accounts with the same registration associated with multiple share classes within the Fund, or (vii) clients with assets more than $50,000 across the Strategic Partners and JennisonDryden families of mutual funds. "Client" for this purpose has the same definition as for purposes of Rights of Accumulation, i.e., an investor and an eligible group of related investors. For more information, see "Reducing or Waiving Class A's Initial Sales Charge" in the Prospectus. 3. The first and second sentences of the first paragraph under "Purchase, Redemption and Pricing of Fund Shares -Contingent Deferred Sales Charge (CDSC)" is deleted and replaced with the following: Contingent Deferred Sales Charge (CDSC). Investors who purchase $1 million or more of Class A shares and sell these shares within 12 months of purchase are subject to a 1% CDSC. The Class A CDSC is waived (i) for certain retirement and/or benefit plans, or (ii) if you purchase Class Z shares (see "Qualifying for Class Z Shares" in the Prospectus) within 5 days of redemption of your Class A shares that you had purchased directly through the Fund's transfer agent, we will credit your account with the appropriate number of shares to reflect any CDSC you paid on the reinvested portion of your redemption proceeds. 4. The paragraph captioned "Purchase, Redemption and Pricing of Fund Shares -Waiver of CDSC - Class A Shares" deleted and replaced with the following: Waiver of CDSC - Class A Shares. Investors who purchase $1 million or more of Class A shares and sell these shares within 12 months of purchase are subject to a CDSC of 1%. The Class A CDSC is waived (i) for certain retirement and/or benefit plans, or (ii) if you purchase Class Z shares (see "Qualifying for Class Z Shares" in the Prospectus) within 5 days of redemption of your Class A shares that you had purchased directly through the Fund's transfer agent, we will credit your account with the appropriate number of shares to reflect any CDSC you paid on the reinvested portion of your redemption proceeds. 5. The last paragraph under "Purchase, Redemption and Pricing of Fund Shares - Waiver of CDSC - Class B Shares" is deleted and replaced with the following: Finally, the CDSC will be waived to the extent you exchange shares your shares for shares of other JennisonDryden or Strategic Partners mutual funds, The Guaranteed Investment Account, the Guaranteed Insulated Separate Account or units of The Stable Value Fund. See "Shareholder Services - Exchange Privilege," below, for more information regarding the Exchange Privilege. 6. The first paragraph under "Shareholder Services" is deleted and replaced with the following: Upon the initial purchase of Fund shares, a Shareholder Investment Account is established for each investor under which a record of the shares is maintained by the Transfer Agent. Effective on or about November 17, 2006, share certificates will no longer be issued for shares of the Fund. Prior to that date: (i) if a stock certificate is desired it must be requested in writing for each transaction, (ii) there is no charge to the investor for issuance of a certificate, and (iii) certificates are issued only for full shares and may be re-deposited in the Shareholder Investment Account at any time. The Fund makes available to its shareholders the following privileges and plans. EX-99.77D POLICIES 10 spaaf77d5.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(5) Policies With Respect to Security Investment STRATEGIC PARTNERS ASSET ALLOCATION FUNDS Strategic Partners Conservative Allocation Fund Strategic Partners Moderate Allocation Fund Supplement dated March 30, 2006 to Prospectus and Statement of Additional Information (SAI ) dated September 30, 2005 Effective as of March 30, 2006 each Fund listed above has changed certain of its investment policies. Each of the investment policy changes is discussed below: Structured Notes The discussion pertaining to the types of debt securities which the Funds may invest in, appearing in the section of the Prospectus entitled "How the Funds Invest - Fixed-Income Segments" is hereby amended to include structured notes as a permissible type of debt security. The section of the SAI entitled "Description of the Funds, Their Investments and Risks - Corporate and Other Debt Obligations" is hereby supplemented by adding the following discussion pertaining to structured notes: The Conservative Allocation and Moderate Allocation Funds may each invest in structured notes. The values of the structured notes in which a Fund will invest may be linked to equity securities or equity indices or other instruments or indices ("reference instruments"). These notes differ from other types of debt securities in several respects. The interest rate or principal amount payable at maturity may vary based on changes in the value of the equity security, instrument, or index. A structured note may be positively or negatively indexed; that is, its value or interest rate may increase or decrease if the value of the reference instrument increases. Similarly, its value may increase or decrease if the value of the reference instrument decreases. Further, the change in the principal amount payable with respect to, or the interest rate of, a structured note may be a multiple of the percentage change (positive or negative) in the value of the underlying reference instrument(s). Investments in structured notes involve certain risks, including the credit risk of the issuer and the normal risks of price changes in response to changes in interest rates. Further, in the case of certain structured notes, a decline or increase in the value of the reference instrument may cause the interest rate to be reduced to zero, and any further declines or increases in the reference instrument may then reduce the principal amount payable on maturity. The percentage by which the value of the structured note decreases may be far greater than the percentage by which the value of the reference instrument increases or decreases. Finally, these securities may be less liquid than other types of securities, and may be more volatile than their underlying reference instruments. Foreign Currency Hedging The section of the Prospectus entitled "How the Funds Invest - Other Investments and Strategies - Derivative Strategies" is hereby amended by including the following new discussion: The Fixed-Income segments of the Funds will normally hedge at least 75% of their exposure to foreign currency to reduce the risk of loss due to fluctuations in currency exchange rates. Foreign Currency Forward Contracts The discussion pertaining to foreign currency forward contracts, appearing in the section of the Prospectus entitled "How the Funds Invest - Other Investments and Strategies - Futures Contracts and Related Options and Foreign Currency Forward Contracts" is hereby replaced in its entirety with the following: Each Fund may enter into foreign currency forward contracts and options, in several circumstances, with one of the purposes being to protect the value of its assets against future changes in the level of currency exchange rates. Each Fund's dealings in foreign currency forward contracts and options can be used for, but may not be limited to, hedging involving either specific transactions or portfolio positions. A foreign currency forward contract is an obligation to buy or sell a given currency on a future date at a set price or to make or receive a cash payment based on the value of a given currency at a future date. Delivery of the underlying currency is expected, the terms are individually negotiated, the counterparty is not a clearing corporation or an exchange and payment on the contract is made upon delivery, rather than daily. Short Sales The discussion pertaining to short sales, appearing in the section of the SAI entitled "Description of the Funds, Their Investments and Risks - Other Investment Strategies - Short Sales is hereby amended by increasing the maximum amount of Fund assets which may be utilized for short sale purposes. As amended, no more than 25% of Fund assets will be, when added together (1) deposited as collateral for the obligation to replace securities borrowed to effect short sales and (2) segregated in connection with short sales. When-Issued and Delayed Delivery Securities: The table appearing in the section of the Prospectus entitled "How the Funds Invest - Investment Risks - When issued and delayed- delivery securities" is hereby amended to increase the maximum permitted amount of Fund assets that may be invested in when issued or delayed delivery securities. As amended, each Fund may invest a varying percentage of Fund assets in when issued and delayed- delivery securities, although the amount invested will usually be less than 35% of each Fund's total assets. Asset-Backed Securities The Funds have adopted policies amending the permitted amount of Fund assets that may be invested in asset-backed securities. As amended, the Funds may each invest varying amounts of Fund assets in asset-backed securities, although the amount invested will usually be less than 25% of each Fund's total assets. To reflect this change, the section of the Prospectus entitled " How the Funds Invest -Fixed-Income Segments - Asset-Backed Securities" is amended accordingly. To reflect this change, the table appearing in the section of the Prospectus entitled "How the Funds Invest - Investment Risks - Asset-backed securities" is hereby correspondingly amended. Money Market Instruments The table appearing in the section of the Prospectus entitled "How the Funds Invest - Investment Risks - money market securities" is hereby amended to increase the maximum permitted amount of Fund assets which may be invested in money market securities on a normal basis. As amended, each Fund may invest a varying percentage of Fund assets in money market instruments on a normal basis, and may invest up to 100% of Fund assets in money market securities on a temporary basis. Municipal Securities The discussion pertaining to municipal securities, appearing in the section of the SAI entitled "Description of the Funds, Their Investments and Risks - Other Investment Strategies - Municipal Securities" is hereby amended by increasing the maximum permitted amount of Fund assets that may be invested in municipal securities. As amended, each Fund may invest up to 10% of its net assets in municipal securities under normal market conditions. Options Transactions The discussion pertaining to options transactions, appearing in the section of the SAI entitled "Description of the Funds, Their Investments and Risks - Risk Management and Return Enhancement Strategies - Options on Securities" is hereby amended by removing the limitation which provides that a Fund may only write covered put options to the extent that cover for such options does not exceed 25% of the Fund's net assets. In addition, the limitation which provides that a Fund's use of straddles will be limited to 5% of each Fund's net assets is hereby removed. EX-99.77D POLICIES 11 spaaf77d6.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(6) Policies With Respect to Security Investment STRATEGIC PARTNERS ASSET ALLOCATION FUNDS Strategic Partners Moderate Allocation Fund (the Series) Supplement dated March , 2006 to the Prospectus and Statement of Additional Information (SAI) dated September 30, 2005 Puneet Mansharamani has been appointed as a portfolio manager for the segment of the Series advised by LSV. In the Prospectus, the first sentence of the section titled " PORTFOLIO MANAGERS " is hereby revised to state: Josef Lakonishok, Robert Vishny, Menno Vermuelen, CFA and Puneet Mansharamani serve as co-portfolio managers for the portion of the international equity segment of the Series advised by LSV. The following text is added to the end of the same paragraph: Puneet Mansharamani, CFA, is a Partner and Portfolio Manager of LSV. Mr. Mansharamani has previously served as a Quantitative Analyst of LSV since 2000. He has more than 7 years of investment experience. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications for the Worldwide Web. Prior to this experience, Mr. Mansharamani was a Systems Consultant for Maximations, Inc. where he was responsible for systems development and programming Mainframe and databases used to calculate revenue streams as well as executive reporting. Mr. Mansharamani was also a Systems Analyst for Case Western Reserve University. Mr. Mansharamani earned a B.S. in Engineering from Delhi University, Delhi College of Engineering in 1997 and an M.S. in Engineering at Case Western Reserve University, Case School of Engineering (2001). Mr. Mansharamani began managing the segment of the Series advised by LSV on January 1, 2006. In the SAI, the following is added to the section titled " INVESTMENT ADVISORY AND OTHER SERVICES " , sub-section titled "Portfolio Managers ": A. OTHER ACCOUNTS MANAGED BY PORTFOLIO MANAGERS - STRATEGIC PARTNERS MODERATE ALLOCATION FUND. Puneet Mansharamani 24 registered investment companies with assets of $7.6 billion 22 other pooled investment vehicles with assets of $5.2 billion 470 separate accounts with assets of $43.3 billion, including 17 accounts with assets of $1.7 billion that have fees based on performance C. PORTFOLIO MANAGER SECURITIES OWNERSHIP - STRATEGIC PARTNERS MODERATE ALLOCATION FUND. Puneet Mansharamani None EX-99.77D POLICIES 12 spaaf77d7.txt Strategic Partners Asset Allocation Funds Period ended 07/31/06 File number 811-08915 SUB-ITEM 77D(7) Policies With Respect to Security Investment STRATEGIC PARTNERS ASSET ALLOCATION FUNDS Strategic Partners Growth Allocation Fund (the Series) Supplement dated March , 2006 to the Prospectus and Statement of Additional Information (SAI) dated September 30, 2005 Puneet Mansharamani has been appointed as a portfolio manager for the segment of the Series advised by LSV. In the Prospectus, the first sentence of the section titled " PORTFOLIO MANAGERS " is hereby revised to state: Josef Lakonishok, Robert Vishny, Menno Vermuelen, CFA and Puneet Mansharamani serve as co-portfolio managers for the portion of the international equity segment of the Series advised by LSV. The following text is added to the end of the same paragraph: Puneet Mansharamani, CFA, is a Partner and Portfolio Manager of LSV. Mr. Mansharamani has previously served as a Quantitative Analyst of LSV since 2000. He has more than 7 years of investment experience. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications for the Worldwide Web. Prior to this experience, Mr. Mansharamani was a Systems Consultant for Maximations, Inc. where he was responsible for systems development and programming Mainframe and databases used to calculate revenue streams as well as executive reporting. Mr. Mansharamani was also a Systems Analyst for Case Western Reserve University. Mr. Mansharamani earned a B.S. in Engineering from Delhi University, Delhi College of Engineering in 1997 and an M.S. in Engineering at Case Western Reserve University, Case School of Engineering (2001). Mr. Mansharamani began managing the segment of the Series advised by LSV on January 1, 2006. In the SAI, the following is added to the section titled " INVESTMENT ADVISORY AND OTHER SERVICES " , sub-section titled "Portfolio Managers ": A. OTHER ACCOUNTS MANAGED BY PORTFOLIO MANAGERS - STRATEGIC PARTNERS GROWTH ALLOCATION FUND. Puneet Mansharamani 24 registered investment companies with assets of $7.6 billion 22 other pooled investment vehicles with assets of $5.2 billion 470 separate accounts with assets of $43.3 billion, including 17 accounts with assets of $1.7 billion that have fees based on performance C. PORTFOLIO MANAGER SECURITIES OWNERSHIP - STRATEGIC PARTNERS GROWTH ALLOCATION FUND. Puneet Mansharamani None EX-99 13 spaaf77q3.txt Q73A Dividends from net investment income: Series 1 Class A 0.2978 Class B 0.2152 Class C 0.2152 Class M 0.2152 Class R 0.2706 Class X 0.2152 Class Z 0.3261 Series 2 Class A 0.2235 Class B 0.1307 Class C 0.1307 Class M 0.1307 Class R 0.1952 Class X 0.1307 Class Z 0.2547 Q74V Net asset Values: Series 1 Class A 10.33 Class B 10.31 Class C 10.31 Class M 10.31 Class R 10.34 Class X 10.31 Class Z 10.34 Series 2 Class A 11.92 Class B 11.87 Class C 11.87 Class M 11.85 Class R 11.93 Class X 11.87 Class Z 11.94 Series 3 Class A 13.26 Class B 12.53 Class C 12.53 Class M 12.54 Class R 13.21 Class X 12.55 Class Z 13.54 -----END PRIVACY-ENHANCED MESSAGE-----