Prudential Investment Portfolios 16
Annual period ending 10/31/15
File No. 811-08915

SUB-ITEM 77-E
Legal Proceedings


Legal Proceedings. On October 30, 2015, a lawsuit was filed against
Prudential Investments LLC ("Defendant") in the United States
District Court for the District of Maryland bearing the caption
North Valley GI Medical Group, et al. v. Prudential Investments
LLC, No. 1:15-cv-03268, by North Valley GI Medical Group and
certain other purported shareholders on behalf of six Prudential
retail mutual funds: Prudential Jennison Growth Fund, Prudential
Jennison Mid-Cap Growth Fund, Inc., Prudential Global Real Estate
Fund, Prudential Jennison Equity Income Fund, Prudential Short-Term
Corporate Bond Fund, Inc., and Prudential Jennison Natural
Resources Fund, Inc. (collectively, the "Named Funds"). None of the
Named Funds is a party to the lawsuit. Plaintiffs allege that
Defendant violated Section 36(b) of the Investment Company Act of
1940 (the "1940 Act") by receiving allegedly excessive investment
advisory fees from each Named Fund and seek, among other things, a
declaration that Defendant has violated Section 36(b) of the 1940
Act, rescission of the investment advisory agreements between
Defendant and the Named Funds, an award of compensatory damages,
including repayment to each Named Fund of all allegedly excessive
investment advisory fees paid by such Fund from one year prior to
the filing of the lawsuit through the date of trial of the action,
plus purported lost investment returns on those amounts and
interest thereon, and attorneys' fees and costs. Defendant believes
the claims are without merit and intends to vigorously defend the
action.