EX-99.77O RULE 10F-3

10f-3 Exhibit	Compliance Detail



Issuer Name + CUSIP #
Chuy Holdings, Inc. (CHUY)


Trade Date
01/24/2013


List of Underwriters

Jefferies & Company, Inc
Robert W. Baird & Co. Incorporated
KeyBanc Capital Markets Inc
Raymond James & Associates, Inc
Stephens Inc


Was the security: 33 Act Registration, Eligible Municipal Security,
Eligible Government offerinq, Foreiqn Offerinq, or Eliqible 144A
offerinq?
No


Was security offered under a firm commitment underwriting? (Must be 'YES')
Yes


Is an affiliated b/d a Sr. Manager or Co-Manaqer?
No


If yes, did the affiliate benefit directly or indirectly (Must be NO)
No


Name of Affiliate:
Raymond James & Associates, Inc.


Underwriter(s) or Dealer(s) from Whom Purchased (Non-affiliates):
Jefferies / Baird


Sector or Industry:
Restaurants


Date of First Offering:
01/24/2013


Ratings:
N/A


Maturity Date:
N/A


Coupon:
N/A


Unit Price:
$25.00


Underwriting Spread per Unit:
1.00


Gross Spread as a % of Price:
4.00%


Yield:
N/A


Yield to Maturity:
N/A


Principal Amount of Offering:
$112,500,000


Subordination Features:
N/A


Years of Continued Operation> 3:
Yes


The Sub-adviser attests that the commission, spread or profit with
respect to the transaction described is reasonable and fair compared
to the commissions, spread or profit received by others in connection
with the underwritings of similar securities during a comparable
period of time.

The Sub-adviser attests that the Total Percentage Purchased by Sub-
adviser including all funds and private advisory
accounts over which sub-adviser has investment discretion did not exceed
25%.  [If an eligible 144A offering, must
be less than 25% of the "144A offering plus any concurrent public
offering]	PLEASE  INDICATE  PERCENTAGE
6.11%


LIST EACH PARTICIPATING FUND


PI LLC FUND NAME
Target Conservative Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.0046%

Dollar Value of Offering Purchased by Fund
$5,250.00


PI LLC FUND NAME
Target Growth Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.0121%

Dollar Value of Offering Purchased by Fund
$13,625.00


PI LLC FUND NAME
Target Moderate Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.0130%

Dollar Value of Offering Purchased by Fund
$14,625.00


PI LLC FUND NAME
Target Small Cap Growth Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.2108%

Dollar Value of Offering Purchased by Fund
$237,250.00




Total Purchased for Prudential Funds which Sub-Adviser Manages


Percent of Offering Purchased by Fund
..2045%
Dollar Value of Offering Purchased by Fund
$270,750.00

Total Percent Purchased by all PI LLC Funds and private advisory accounts
over which subadviser has investment discretion [To be completed by PI]
1.4971%




Issuer Name + CUSIP #
Chuy Holdings, Inc. (CHUY) Secondary Offering


Trade Date
04/12/2013


List of Underwriters
Jefferies LLC
Robert W. Baird
KeyBanc Capital Markets
Raymond James & Assoc
Stephens Inc.


Was the security: 33 Act Registration, Eligible Municipal Security,
Eligible Government offering, Foreign Offering, or Eligible 144A
offering?
Yes


Was security offered under a firm commitment underwriting? (Must be 'YES')
Yes


Is an affiliated b/d a Sr. Manager or Co-Manager?
No


If yes, did the affiliate benefit directly or indirectly (Must be NO)
N/A


Name of Affiliate:
Raymond James & Associates, Inc.


Underwriter(s) or Dealer(s) from Whom Purchased (Non-affiliates):
Jefferies
Sector or Industry:
Restaurants


Date of First Offering:
04/12/2013 (Secondary Offering)


Ratings:
N/A


Maturity Date:
N/A


Coupon:
N/A


Unit Price:
$33.00


Underwriting Spread per Unit:
0.792


Gross Spread as a % of Price:
2.40%


Yield:
N/A


Yield to Maturity:
N/A


Principal Amount of Offering:
$99,000,000


Subordination Features:
N/A


Years of Continued Operation> 3:
Yes


The Sub-adviser attests that the commission, spread or profit with
respect to the transaction described is reasonable and fair compared
to the commissions, spread or profit received by others in connection
with the underwritings of similar securities during a comparable
period of time.
The Sub-adviser attests that the Total Percentage Purchased by Sub-
adviser including all funds and private advisory
accounts over which sub-adviser has investment discretion did not exceed
25%. [If an eligible 144A offering, must be
less than 25% of the "144A offering plus any concurrent public offering]
PLEASE INDICATE PERCENTAGE
4.17%


LIST EACH PARTICIPATING FUND


PI LLC FUND NAME
Target Conservative Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.0026%

Dollar Value of Offering Purchased by Fund
$2,640.00


PI LLC FUND NAME
Target Growth Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.0080%

Dollar Value of Offering Purchased by Fund
$7,920.00


PI LLC FUND NAME
Target Moderate Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.0080%

Dollar Value of Offering Purchased by Fund
$7,920.00


PI LLC FUND NAME
Target Small Cap Growth Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
0.1346%

Dollar Value of Offering Purchased by Fund
$133,320.00


Total Purchased for Prudential Funds which Sub-Adviser Manages

Percent of Offering Purchased by Fund
..1532%
Dollar Value of Offering Purchased by Fund
$151,800.00

Total Percent Purchased by all PI LLC Funds and private advisory accounts
over which subadviser has investment discretion [To be completed by PI]
1.0497%



Issuer Name + CUSIP #
PGT, Inc. (PGTI) Secondary


Trade Date
0512112013


List of Underwriters
Credit Suisse
Raymond James
Deutsche Bank Securities
RBC Capital Markets
SunTrust Robinson Humphrey


Was the security: 33 Act Registration, Eligible Municipal Security,
Eligible Government offering, Foreign Offering, or Eligible 144A
offering?
Yes


Was security offered under a firm commitment underwriting? (Must be 'YES')
Yes


Is an affiliated bid a Sr. Manager or Co-Manager?
Yes


If yes, did the affiliate benefit directly or indirectly (Must be NO)
No


Name of Affiliate:
Raymond James & Associates, Inc.


Underwriter(s) or Dealer(s) from Whom Purchased (Non-affiliates):
Credit Suisse


Sector or Industry:
General Building Materials: Windows and Doors


Date of First Offering:
0512112013


Ratings:
N/A


Maturity Date:
N/A


Coupon:
N/A


Unit Price:
$7.75


Underwriting Spread per Unit:
0.3875


Gross Spread as a % of Price:
5.00%


Yield:
N/A


Yield to Maturity:
N/A


Principal Amount of Offering:
85,250,000


Subordination Features:
N/A


Years of Continued Operation> 3:
Yes


The Sub-adviser attests that the commission, spread or profit with
respect to the transaction described is reasonable and fair
compared to the commissions, spread or profit received by others in
connection with the underwritings of similar securities during a
comparable period of time.
The Sub-adviser attests that the Total Percentage Purchased by Sub-
adviser including all funds and private advisory
accounts over which sub-adviser has investment discretion did not exceed
25%. [If an eligible 144A offering, must
be less than 25% of the "144A offering plus any concurrent public
offering]	PLEASE INDICATE PERCENTAGE
11.36%

LIST EACH PARTICIPATING FUND


PI LLC FUND NAME
Target Conservative Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
..0089%

Dollar Value of Offering Purchased by Fund
$7,587.25


PI LLC FUND NAME
Target Growth Allocation Fund (Eagle sleeve)

Percent of Offering Purchased by Fund
..0247%

Dollar Value of Offering Purchased by Fund
$21,118.75


PI LLC FUND NAME
Target Small Cap Growth Portfolio (Eagle sleeve)

Percent of Offering Purchased by Fund
..4087%

Dollar Value of Offering Purchased by Fund
$348,494.25



Total Purchased for Prudential Funds which Sub-Adviser Manages
Percent of Offering Purchased by Fund
..4423%
Dollar Value of Offering Purchased by Fund
377,200.25

Total Percent Purchased by all PI LLC Funds and private advisory accounts
over which subadviser has investment discretion [To be completed by PI]
3.014%

EX-99

This page being
FINANCIAL INFORMATION (Cont. from Screen 33)
filed for series 2.


EXPENSES (Negative answers are allowed
For the period covered by this form

            on this screen for 72Z only)
($000's omitted)

72.Y) Expense reimbursements ----------------------------- $       0

   Z) Net investment income ------------------------------ $      0

     AA) Realized capital gains ----------------------- $      0

     BB) Realized capital losses ---------------------- $      0

  CC) 1. Net unrealized appreciation during the period --- $      0

      2. Net unrealized depreciation during the period --- $      0

  DD) 1. Total income dividends for which record date
         passed during the period ------------------------ $      0

2. Dividends for a second class of open-end
         company shares -----------------------------------$      0

  EE) Total capital gains distributions for which
      record date passed during the period --------------- $       0
73. Distributions per share for which record date passed during the period:
       NOTE: Show in fractions of a cent if so declared.
"   A) 1. Dividends from net investment income $ 0.2201,$0.1359
"      2. Dividends for a second class of open-end
          company shares ------------$ 0.1359,$0.1919,$0.2201,$0.2484
   B) Distribution of capital gains ---------------$   0.00
   C) Other distributions --------------------------------- $   0.0000
                              SCREEN NUMBER: 34


This page being
(Continued from Screen 35)
filed for series 2.
   Condensed balance sheet data:  As of the end of
current reporting period (000's
omitted except for per share amounts
and number of accounts)
74.O) Payables for portfolio instruments purchased ----------- $      0
   P) Amounts owed to affiliated persons ----------------------$      0
   Q) Senior long-term debt -----------------------------------$      0
   R) Other liabilities:1. Reverse repurchase agreements ----- $      0
                        2. Short sales ----------------------- $      0
                        3. Written options -------------------- $      0
                        4. All other liabilities -------------- $      0

   S) Senior equity --------------------------------------------$      0
   T) Net assets of common shareholders ------------------------$      0
   U) 1. Number of shares outstanding --------------------------$      0
      2. Number of shares outstanding of a second class of shares
         of open-end company -----------------------------------$      0
  " V) 1. Net asset value per share(to nearest cent)$12.86,$12.80
 "   2. Net asset value per share of a second class of open-end
         company shares (to nearest cent) $12.80,$12.85,$12.86,$12.89
   W) Mark-to-market net asset value per share
      for money market funds only (to 4 decimals) -------------$   0.0000
   X) Total number of shareholder accounts --------------------$        0
   Y) Total value of assets in segregated accounts ------------$        0
                              SCREEN NUMBER: 36


Because the electronic format for filing Form N-SAR
does not provide
"adequate space for responding to Items 73A 1&2 and
74V1&2 correctly, "
the correct answers are as above.

EX-99

This page being   Target Conservative Allocation Fund 7-31-13 Annual
FINANCIAL INFORMATION (Cont. from Screen 33)
filed for series 1.


EXPENSES (Negative answers are allowed
For the period covered by this form

            on this screen for 72Z only)
($000's omitted)

72.Y) Expense reimbursements -------------------------- $       0

   Z) Net investment income --------------------------- $      0

     AA) Realized capital gains ----------------------- $      0

     BB) Realized capital losses ---------------------- $      0

  CC) 1. Net unrealized appreciation during the period --- $      0

      2. Net unrealized depreciation during the period --- $      0

  DD) 1. Total income dividends for which record date
         passed during the period ------------------------ $      0

2. Dividends for a second class of open-end
         company shares -----------------------------------$      0

  EE) Total capital gains distributions for which
      record date passed during the period --------------- $       0
73. Distributions per share for which record date passed during the period:
       NOTE: Show in fractions of a cent if so declared.
"   A) 1. Dividends from net investment income $ 0.1383,$0.0600
"      2. Dividends for a second class of open-end
          company shares ------------$ 0.0600,$0.1117,$0.0600,$0.1650
   B) Distribution of capital gains ---------------$   0.00
   C) Other distributions --------------------------------- $   0.0000
                              SCREEN NUMBER: 34


This page being
(Continued from Screen 35)
filed for series 1.
   Condensed balance sheet data:  As of the end of
current reporting period (000's
omitted except for per share amounts
and number of accounts)
74.O) Payables for portfolio instruments purchased ----------- $      0
   P) Amounts owed to affiliated persons ----------------------$      0
   Q) Senior long-term debt -----------------------------------$      0
   R) Other liabilities:1. Reverse repurchase agreements ----- $      0
                        2. Short sales ----------------------- $      0
                        3. Written options ------------------- $      0
                        4. All other liabilities ------------- $      0

   S) Senior equity --------------------------------------------$     0
   T) Net assets of common shareholders ------------------------$     0
   U) 1. Number of shares outstanding --------------------------$     0
      2. Number of shares outstanding of a second class of shares
         of open-end company -----------------------------------$     0
  " V) 1. Net asset value per share(to nearest cent)$11.55,$11.38
 "   2. Net asset value per share of a second class of open-end
         company shares (to nearest cent) $11.38,$11.52,$11.38,$11.62
   W) Mark-to-market net asset value per share
      for money market funds only (to 4 decimals) -------------$   0.0000
   X) Total number of shareholder accounts --------------------$        0
   Y) Total value of assets in segregated accounts ------------$        0
                              SCREEN NUMBER: 36


Because the electronic format for filing Form N-SAR
does not provide
"adequate space for responding to Items 73A 1&2 and
74V1&2 correctly, "
the correct answers are as above.

Target Conservative Allocation Fund 7-31-13 Annual

EX-99

This page being      (Target Growth Allocation Fund closed 6-21-13)
FINANCIAL INFORMATION (Cont. from Screen 33)
filed for series 3.


EXPENSES (Negative answers are allowed
For the period covered by this form

            on this screen for 72Z only)
($000's omitted)

72.Y) Expense reimbursements -------------------------- $       0

   Z) Net investment income --------------------------- $      0

     AA) Realized capital gains ----------------------- $      0

     BB) Realized capital losses ---------------------- $      0

  CC) 1. Net unrealized appreciation during the period --- $      0

      2. Net unrealized depreciation during the period --- $      0

  DD) 1. Total income dividends for which record date
         passed during the period ------------------------ $      0

2. Dividends for a second class of open-end
         company shares -----------------------------------$      0

  EE) Total capital gains distributions for which
      record date passed during the period --------------- $       0
73. Distributions per share for which record date passed during the period:
       NOTE: Show in fractions of a cent if so declared.
"   A) 1. Dividends from net investment income $ 0.1594, 0.0405
"      2. Dividends for a second class of open-end
          company shares ------------$ 0.0405,$0.1146,$0.1594,$0.2038
   B) Distribution of capital gains ---------------$   0.00
   C) Other distributions --------------------------------- $   0.0000
                              SCREEN NUMBER: 34


This page being
(Continued from Screen 35)
filed for series 1.
   Condensed balance sheet data:  As of the end of
current reporting period (000's
omitted except for per share amounts
and number of accounts)
74.O) Payables for portfolio instruments purchased ----------- $      0
   P) Amounts owed to affiliated persons ----------------------$      0
   Q) Senior long-term debt -----------------------------------$      0
   R) Other liabilities:1. Reverse repurchase agreements ----- $      0
                        2. Short sales ----------------------- $      0
                        3. Written options ------------------- $      0
                        4. All other liabilities ------------- $      0

   S) Senior equity -------------------------------------------$      0
   T) Net assets of common shareholders -----------------------$      0
   U) 1. Number of shares outstanding -------------------------$      0
      2. Number of shares outstanding of a second class of shares
         of open-end company ---------------------------------        0
  " V) 1. Net asset value per share(to nearest cent)------------$     0
 "   2. Net asset value per share of a second class of open-end
         company shares (to nearest cent) ----------------------$     0
   W) Mark-to-market net asset value per share
      for money market funds only (to 4 decimals) ------------$   0.0000
   X) Total number of shareholder accounts -------------------$        0
   Y) Total value of assets in segregated accounts -----------$        0
                              SCREEN NUMBER: 36


Because the electronic format for filing Form N-SAR
does not provide
"adequate space for responding to Items 73A 1&2 and
74V1&2 correctly, "
the correct answers are as above.

EX-99.77B ACCT LTTR

      Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders
Prudential Investment Portfolio 16 - Prudential Defensive
Equity Fund

In planning and performing our audit of the financial
statements of Prudential Defensive Equity Fund, (formerly
Target Moderate Allocation Fund), (hereafter referred to as
the "Fund"), a portfolio of the Prudential Investment
Portfolio 16 (formerly Target Asset Allocation Funds), as and
for the year ended July 31, 2013, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States), we considered the Fund's internal control
over financial reporting, including controls over 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 the Fund's internal control over financial
reporting. Accordingly, we express no such opinion.

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 generally
accepted accounting principles. A company's internal control
over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of records
that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company
are being made only in accordance with authorizations of
management and trustees of the company; and (3) provide
reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of the
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, projections 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 the policies or procedures may
deteriorate.


A deficiency in internal control over financial reporting
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 material weakness is a
deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the
Fund's annual or interim financial statements will not be
prevented or detected on a timely basis.

Our consideration of the Fund's 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 material
weaknesses 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 operation, including controls over
safeguarding securities that we consider to be a material
weakness as defined above as of July 31, 2013.

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 25, 2013

EX-99.77B ACCT LTTR

      Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders
Prudential Investment Portfolio 16 - Target Conservative
Allocation Fund:

In planning and performing our audit of the financial
statements of Target Conservative Allocation Fund. (hereafter
referred to as the "Fund"), a portfolio of the Prudential
Investment Portfolio 16 (formerly Target Asset Allocation
Funds), as and for the year ended July 31, 2013, in accordance
with the standards of the Public Company Accounting Oversight
Board (United States), we considered the Fund's internal
control over financial reporting, including controls over
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 the Fund's internal control over
financial reporting. Accordingly, we express no such opinion.

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 generally
accepted accounting principles. A company's internal control
over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of records
that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company
are being made only in accordance with authorizations of
management and trustees of the company; and (3) provide
reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of the
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, projections 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 the policies or procedures may
deteriorate.

A deficiency in internal control over financial reporting
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 material weakness is a
deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the
Fund's annual or interim financial statements will not be
prevented or detected on a timely basis.

Our consideration of the Fund's 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 material
weaknesses 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 operation, including controls over
safeguarding securities that we consider to be a material
weakness as defined above as of July 31, 2013.

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 25, 2013