UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:	811-08915
Exact name of registrant as specified in charter:	Strategic Partners Asset Allocation Funds
Address of principal executive offices:	Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102
Name and address of agent for service:	Deborah A. Docs Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102
Registrant’s telephone number, including area code:	973-367-7521
Date of fiscal year end:	7/31/2006
Date of reporting period:	10/31/2005

Item 1. Schedule of Investments
Strategic Partners Asset Allocation Funds

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION			VALUE
	LONG-TERM INVESTMENTS —120.2%
	Common Stocks —43.6%
	Advertising —0.1%
6,020		Marchex, Inc., (Class “B” Shares)	$	101,437
	Aerospace & Defense —1.2%
11,500		Lockheed Martin Corp.		696,440
13,000		Raytheon Co.		480,350
800		United Technologies Corp.		41,024
675		Alliant Techsystems, Inc. (a)		47,399
5,400		Boeing Co. (The)		349,056
2,785		DRS Technologies, Inc. (a)		137,189
925		Esterline Technologies Corp.		34,826
2,300		General Dynamics Corp.		267,490
2,850		Moog, Inc. (Class “A” Stock)		84,502
3,800		Northrop Grumman Corp.		203,870
				2,342,146
	Auto Components —0.2%
3,900		Lear Corp.		118,794
2,500		Magna International, Inc. (Class “A” Stock)		174,300
				293,094
	Automobile Manufacturers
1,300		Winnebago Industries		38,116
	Automotive Parts —0.1%
3,400		Autoliv, Inc.		146,064
3,200		CSK Auto Corp. (a)		48,416
23,100		Delphi Corp.		9,356
1,700		Visteon Corp.		14,161
1,700		AutoNation, Inc. (a)		33,796
				251,793
	Beverages —0.2%
5,300		Coca-Cola Co. (The)		226,734
3,500		Coca-Cola Enterprises, Inc.		66,150
2,000		PepsiCo, Inc.		118,160
				411,044
	Biotechnology —1.4%
1,780		Alexion Pharmaceutcal, Inc. (a)		48,754
11,987		Amgen, Inc. (a)		908,135
3,220		Atherogenics, Inc.		48,300
13,900		Genentech, Inc. (a)		1,259,340
3,976		Genzyme Corp. (a)		287,465
3,180		Illumina, Inc. (a)		49,513
				2,601,507
	Broadcasting
1,500		Sinclair Broadcast Group, Inc., (Class “A” Stock)		12,435
	Building Materials —0.1%
4,110		Hexel Corp. (a)		65,020
100		Masco Corp.		2,850
775		York International Corp.		43,485
				111,355
	Business Services
2,000		Kelly Services, Inc.		55,360
	Chemicals —0.4%
2,900		Air Products & Chemicals, Inc.		165,996
3,500		Ashland, Inc.		187,285
800		Du Pont de Nemours & Co.		33,352
400		PPG Industries, Inc.		23,988
6,500		Praxair, Inc. (a)		321,165
2,000		Rohm & Haas Co.		87,060

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Chemicals (cont’d)
1,500		Valspar Corp.	$	33,075
				851,921
	Clothing & Apparel —0.4%
6,800		Coach, Inc. (a)		218,824
9,600		Jones Apparel Group, Inc.		261,888
1,700		NIKE, Inc. (Class “B” Stock)		142,885
3,500		Phillips-Van Heusen Corp.		99,575
				723,172
	Commercial Services —0.9%
22,400		Cendant Corp.		390,208
1,890		Chemed Corp.		90,871
2,900		Concur Technologies, Inc. (a)		39,179
500		Consolidated Graphics, Inc. (a)		19,495
1,300		Dollar Thrifty Automotive Group, Inc. (a)		49,010
5,150		FirstService Corp. (Canada)		120,355
1,625		Healthcare Services Group, Inc.		30,290
1,980		Laureate Education, Inc.		97,812
5,355		McGrath Rentcorp		152,885
925		Monro Muffler Brake, Inc. (a)		27,704
2,300		Moody’s Corp.		122,498
3,000		Pharmaceutical Product Development, Inc. (a)		172,410
1,780		Providence Service Corp.		54,949
5,370		Rollins, Inc.		102,137
2,850		Steiner Leisure Ltd.		97,157
375		Strayer Education, Inc.		33,566
3,680		TNS, Inc. (a)		64,694
1,750		Team,I Nc.		44,450
2,696		US Concrete, Inc.		16,446
1,830		Universal Technical Institute, Inc. (a)		57,334
				1,783,450
	Computer Hardware —1.2%
700		Affiliated Computer Services, Inc.		37,877
6,173		Apple Computer, Inc. (a)		355,503
7,300		Cadence Design System, Inc. (a)		116,654
300		Computer Sciences Corp  (a)		15,375
5,300		Dell, Inc. (a)		168,964
300		EMC Corp. (a)		4,188
40,900		Electronic Data Systems Corp.		953,379
2,600		International Business Machines Corp.		212,888
250		MTS Systems Corp.		9,990
6,280		Optimal Group,Inc. (Class “B” Shares) (Canada)		117,248
1,100		Reynolds & Reynolds Co., Class A		29,194
1,125		Synaptics, Inc. (a)		26,134
2,900		Synopsys, Inc.		54,955
9,820		Synplicity, Inc.		70,311
1,600		Tyler Technologies, Inc. (a)		13,024
16,700		Western Digital Corp. (a)		202,070
				2,387,754
	Computer Networking
2,260		Infospace, Inc. (a)		56,771
	Computer Services & Software —1.9%
4,900		Autodesk, Inc.		221,137
23,000		BMC Software, Inc. (a)		450,570
32,500		Computer Associates International, Inc.		909,025
6,590		Epicor Software Corp.  (a)		80,925
7,356		Global Payments, Inc.		315,205
12,300		Hewlett-Packard Co.		344,892
34,000		Microsoft Corp.		873,800
2,470		Microsemi Corp. (a)		57,230
1,200		NCR Corp. (a)		36,264
5,600		Oracle Corp. (a)		71,008
2,650		Ultimate Software Group, Inc. (a)		45,023
3,680		Witness Systems, Inc. (a)		72,128

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Computer Services & Software (cont’d)
3,110		M-Systems Flash Disk Pioneers (Israel) (a)	$	98,556
				3,575,763
	Construction —0.9%
100		Centex Corp.		6,435
725		Dycom Industries, Inc.		14,449
21,679		Lennar Corp. (Class “A” Stock)		1,204,919
1,400		Lennar Corp. (Class “B” Stock)		72,310
1,432		MDC Holdings, Inc.		98,235
3,300		Standard Pacific Corp.		127,314
3,173		Toll Brothers, Inc. (a)		117,116
300		USG Corp. (a)		17,736
				1,658,514
	Consumer Products & Services —0.7%
800		American Greetings Corp., (Class “A” Stock)		20,200
2,370		Central Garden & Pet Co.		101,602
2,805		Jarden Corp. (a)		94,781
300		Kimberly-Clark Corp.		17,052
17,141		Procter & Gamble Co.		959,697
800		Scotts Co. (The) (Class “A” Stock)		70,232
2,000		SNAP-ON, INC.		72,040
				1,335,604
	Distribution/Wholesale —0.1%
560		Building Materials Holding Corp.		47,606
2,075		Watsco, Inc.		117,922
				165,528
	Diversified Chemicals
300		Dow Chemical Co.		13,758
	Drugs & Medicine —0.1%
2,400		Coventry Health Care, Inc. (a)		129,576
	Electric Utilities —0.7%
3,800		Entergy Corp.		268,736
5,900		FirstEnergy Corp.		280,250
17,600		FPL Group, Inc.		757,856
				1,306,842
	Electronic Components & Equipment —0.5%
7,000		Agilent Technologies, Inc. (a)		224,070
6,200		Bottomline Technologies, Inc.		78,430
3,400		Checkpoint Systems, Inc.		81,600
3,900		Energizer Holdings, Inc. (a)		196,911
5,100		FLIR Systems, Inc. (a)		106,896
1,500		Harman International Industries, Inc.		149,790
2,420		Intermagnetics General Corp.		69,333
14,900		Sanmina-SCI Corp. (a)		54,385
				961,415
	Electronics —0.1%
1,690		Itron, Inc. (a)		73,447
9,570		SRS Labs, Inc.		56,463
4,070		Sonic Solutions, Inc. (a)		77,900
				207,810
	Entertainment & Leisure —0.2%
8,530		Century Casinos, Inc.		64,146
400		Hasbro, Inc.		7,536
700		Intl Game Technology		18,543
2,675		K2, Inc. (a)		26,830
3,100		Mattel, Inc.		45,725
4,510		Mikohn Gaming Corp.		47,310
5,070		Scientific Games Corp. (Class “A” Stock)		151,897

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Entertainment & Leisure (cont’d)
1,200		Carnival Corp.	$	59,604
				421,591
	Environmental Services —0.3%
4,900		Allied Waste Industries, Inc. (a)		39,886
4,000		Nalco Hldg Co.		68,000
3,500		Republic Services, Inc.		123,725
1,125		Waste Connections, Inc. (a)		37,541
9,700		Waste Management, Inc.		286,247
				555,399
	Equipment Services —0.1%
9,400		Eastman Kodak Co.		205,860
	Exchange Traded Funds —0.1%
130		iShares Russell 1000 Value Index Fund		8,700
1,850		iShares Russell 2000 Value Index Fund		118,714
				127,414
	Farming & Agriculture —1.0%
19,700		Altria Group Inc. (a)		1,478,485
6,200		Archer-Daniels-Midland Co.		151,094
3,800		Monsanto Co.		239,438
				1,869,017
	Financial - Bank & Trust —2.4%
3,250		Astoria Financial Corp.		90,837
600		BB & T Corp. (a)		25,404
19,600		Bank of America Corp.		857,304
900		Bank of New York Co., Inc. (The)		28,161
1,700		Bankunited Financial Corp. (a)		40,324
2,530		Boston Private Financial Holdings, Inc.		73,243
200		Compass Banshares Inc		9,752
500		Downey Financial Corp.		30,475
9,100		KeyCorp		293,384
1,050		MB Financial, Inc.		39,134
400		Marshall & Ilsley Corp.		17,184
6,300		Mellon Financial Corp.		199,647
7,500		North Fork Bancorp.		190,050
1,300		Oriental Financial Group, Inc.		16,146
2,900		PrivateBancorp, Inc.		98,513
3,200		Republic Bancorp, Inc. (MI)		43,680
2,500		State Street Corp.		138,075
400		Student Loan Corp. (The)		87,680
600		TCF Financial Corp.		16,260
5,795		UBS AG (Switzerland)		496,458
2,100		UCBH Holdings, Inc.		36,540
12,200		U.S. Bancorp		360,876
5,600		UnionBanCal Corp.		383,488
1,300		Wachovia Corp.		65,676
13,800		Washington Mutual, Inc.		546,480
5,500		Wells Fargo & Co.		331,100
700		Zions Bancorporation		51,429
				4,567,300
	Financial Services —3.5%
1,800		Accredited Home Lenders Holding Co. (a)		65,052
14,200		AmeriCredit Corp.		317,370
2,800		Ameritrade Holding Corp. (a)		58,884
60		Ameriprise Financial, Inc.		2,233
8,200		CIT Group, Inc.		374,986
900		Capital One Financial Corp.		68,715
2,000		Chicago Mercantile Exchange Holding, Inc.		730,300
19,100		Citigroup, Inc.		874,398
12,761		Countrywide Financial Corp.		405,417
700		E*trade Group Corp. (a)		12,985
3,900		Eaton Vance Corp.		97,071
10,900		Freddie Mac		668,715

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Financial Services (cont’d)
1,500		Fannie Mae	$	71,280
650		Financial Federal Corp.		24,817
6,299		Goldman Sachs Group, Inc.		796,005
2,700		Jefferies Group, Inc.		114,642
3,057		Lehman Brothers Holdings, Inc.		365,831
17,100		MBNA Corp.		437,247
4,000		Merrill Lynch & Co., Inc.		258,960
4,600		Morgan Stanley Dean Witter & Co.		250,286
2,130		Portfolio Recovery Associates, Inc. (a)		82,857
3,050		Raymond James Financial, Inc.		103,791
7,609		SLM Corp.		422,528
4,500		Valueclick, Inc. (a)		78,750
				6,683,120
	Food —0.9%
22,800		Albertson’s, Inc.		572,508
300		Campbell Soup Co.		8,730
1,825		Corn Products International, Inc.		43,453
200		Heinz Co., H.J.		7,100
2,700		Hershey Foods Corp.		153,441
200		Kellogg Co.		8,834
8,500		Kraft Foods, Inc. - A		240,550
8,500		Kroger Co. (The)  (a)		169,150
8,900		Sara Lee Corp.		158,865
400		Sysco Corp.		12,764
2,700		Tyson Foods, Inc.		48,060
8,900		Unilever PLC, ADR (United Kingdom)		361,340
				1,784,795
	Health Care Providers & Services —0.2%
4,500		HCA, Inc.		216,855
30,500		Tenet Healthcare Corp. (a)		256,810
				473,665
	Healthcare Services —1.6%
6,110		AMN Healthcare Services, Inc.		100,815
2,200		Aetna, Inc. (a)		194,832
1,590		Amedisys, Inc. (a)		60,754
2,500		American Healthways, Inc. (a)		101,400
2,600		AMERIGROUP Corp. (a)		43,472
2,600		Covance, Inc.		126,490
10,970		Five Star Quality Care, Inc.		73,938
4,500		Humana Inc.		199,755
2,280		LabOne, Inc. (a)		100,024
2,040		Matria Healthcare, Inc.		68,401
2,500		McKesson Corp.		113,575
650		Pediatrix Medical Group, Inc. (a)		50,089
4,700		Quest Diagnostics, Inc.		219,537
2,800		Sunrise Senior Living, Inc.		90,552
1,050		Triad Hospitals, Inc. (a)		43,186
23,467		UnitedHealth Group, Inc.		1,358,505
2,100		Wellpoint, Inc. (a)		156,828
				3,102,153
	Healthcare-Products —0.2%
1,620		IRIS International, Inc.		37,989
1,900		NuVasive Inc. (a)		33,117
13,850		Orthovita, Inc.		52,630
3,344		PolyMedica Corp.		110,385
8,170		Spectranetics Corp.		81,210
2,980		Syneron Medical Ltd. (Israel)		107,101
				422,432
	Home Construction —0.1%
2,616		KB Home		170,956

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Home Construction (cont’d)
1,800		Meritage Homes Corp. (a)	$	112,086
				283,042
	Hotels & Motels —0.6%
1,500		Choice Hotels Intrenational, Inc.		49,635
4,870		Harrah’s Entertainment, Inc.		294,538
2,500		Hilton Hotels Corp.		48,625
10,876		MGM Mirage  (a)		406,436
1,300		Marriott International, Inc.		77,506
700		Starwood Hotels & Resorts Worldwide, Inc.		40,901
6,900		Wynn Resorts Ltd. (a)		322,092
				1,239,733
	Household/Personal Care —0.1%
3,600		Colgate-Palmolive Co.		190,656
	Industrial Conglomerates —0.4%
25,500		Tyco International Ltd.		672,945
	Insurance —3.1%
2,700		Aflac, Inc.		129,006
3,700		Allmerica Financial Corp. (a)		140,970
400		Allstate Corp. (The)		21,116
1,500		Ambac Financial Group, Inc.		106,335
1,800		American International Group, Inc.		116,640
1,000		AON Corp.		33,850
2,500		Assurant, Inc.		95,500
1,300		W.R.Berkely Corp.		56,810
100		Chubb Corp.		9,297
1,400		Commerce Group, Inc.		79,548
1,450		Delphi Financial Group, Inc. (Class “A” Stock)		67,918
22,200		Genworth Financial, Inc. (Class “A” Stock)		703,518
2,637		HCC Insurance Holdings, Inc. (a)		79,110
2,600		Hartford Financial Service Group, Inc.		207,350
1,275		Hilb, Rogal & Hobbs Co.		47,749
1,400		Lincoln National Corp.		70,854
2,100		Loews Corp. (a)		195,258
4,000		MBIA, Inc.		232,960
14,300		MetLife, Inc.		706,563
1,800		Philadelphia Consolidated Holding Corp. (a)		173,268
7,700		Principal Financial Group, Inc.		382,151
1,798		Progressive Corp.		208,226
1,900		Protective Life Corp.		83,296
20,301		St. Paul Travelers Cos., Inc. (The)		914,154
1,200		Torchmark Corp.		63,396
3,610		Tower Group, Inc.		69,565
2,300		United Fire & Casualty Co.		103,546
37,800		UnumProvident Corp.		766,962
300		XL Capital Ltd. (Class “A” Stock)		19,218
				5,884,134
	Internet Services —0.7%
1,700		Checkfree Corp. (a)		72,250
11,960		Cybersource Corp. (a)		80,132
9,690		Digitas, Inc.		104,652
2,480		Equinix, Inc.		91,487
225		F5 Networks, Inc. (a)		11,707
1,050		Google, Inc. (Class “A” Stock)  (a)		390,747
2,810		J2 Global Communications, Inc. (a)		124,230
8,460		Keynote Systems, Inc.		110,234
1,500		McAfee, Inc. (a)		45,045
10,340		Online Resources Corp. (a)		124,080
2,400		Symantec Corp. (a)		57,240
1,075		Vignette, Corp.		17,856
4,040		Websidestory, Inc. (a)		70,255

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Internet Services (cont’d)
5,050		Radvision Ltd. (Israel) (a)	$	65,650
				1,365,565
	Internet Software & Services
3,530		Openwave Systems, Inc. (a)		63,081
	Machinery & Equipment —0.4%
1,325		Briggs & Stratton Corp.		42,373
1,600		Bucyrus International, Inc. (Class “A” Stock)		66,480
9,699		Caterpillar, Inc.		510,070
900		Deere & Co.		54,612
300		Joy Global, Inc.		13,761
1,200		Nordson Corp.		44,604
3,490		Presstek, Inc.		35,773
				767,673
	Manufacturing —0.4%
100		Danaher Corp.		5,210
1,800		Eaton Corp.		105,894
2,000		Harsco Corp.		128,500
900		ITT Industries, Inc.		91,440
5,950		Jacuzzi Brands, Inc. (a)		43,911
7,000		Spx Corp.		301,140
				676,095
	Media —1.0%
8,500		Comcast Corp. (Class “A” Stock)		236,555
2,100		Comcast Corp. (Special Class “A” Stock)  (a)		57,561
1,100		DirectTV Group Inc. (The)  (a)		15,642
600		EchoStar Communications Corp. (Class “A” Stock)		16,122
3,100		Gannett Co., Inc.		194,246
21,200		Liberty Media Corp. (Class “A” Stock)  (a)		168,964
11,700		News Corp.		166,725
2,800		Scholastic Corp. (a)		91,140
1,100		E.W. Scripps Co. (Class “A” Stock)		50,380
17,400		Time Warner, Inc. (a)		310,242
200		The New York Times Co.		5,448
14,000		Viacom, Inc. (Class “B” Stock)		433,580
5,200		Walt Disney Co. (The)		126,724
				1,873,329
	Medical Supplies & Equipment —0.9%
600		Bausch & Lomb, Inc.		44,514
1,900		Boston Scientific Corp. (a)		47,728
2,300		Cooper Cos, Inc. (The)		158,332
1,700		Edwards Lifesciences Corp. (a)		70,346
1,400		Guidant Corp.		88,200
1,125		Invacare Corp.		38,014
3,070		Lifeline Systems, Inc. (a)		101,310
12,426		Medtronic, Inc.		704,057
4,600		Merge Technologies, Inc. (a)		106,122
4,200		St. Jude Medical, Inc. (a)		201,894
1,300		Sepracor, Inc. (a)		73,125
1,990		SonoSite, Inc.		58,486
2,490		Symmetry Medical, Inc.		55,129
200		Zimmer Holdings, Inc. (a)		12,754
				1,760,011
	Metals & Mining —0.5%
22,600		Alcoa, Inc.		548,954
550		Century Aluminum Co.		9,999
1,650		Gibraltar Industries, Inc.		33,413
2,700		Southern Copper Corporation		148,878
1,900		United States Steel Corp.		69,407

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Metals & Mining (cont’d)
3,300		Timken Co.	$	93,588
				904,239
	Non-Bond Holdings
142		Gentek Inc		1,992
19,021		Netia Holdings (Poland)		26,458
				28,450
	Oil & Gas —2.6%
700		Anadarko Petroleum Corp.		63,497
1,500		Apache Corp.		95,745
700		Baker Hughes, Inc.		38,472
2,900		Burlington Resources, Inc.		209,438
3,900		Cabot Oil & Gas Corp.		178,581
7,500		ChevronTexaco Corp.		428,025
5,100		ConocoPhillips		333,438
2,300		Devon Energy Corp.		138,874
2,700		EOG Resources, Inc.		183,006
15,490		Encore Medical Corp.		77,605
650		Energy Partners Ltd. (a)		16,491
17,700		Exxon Mobil Corp.		993,678
550		Gmx Resources,Inc.		13,486
8,980		Grey Wolf, Inc. (a)		68,966
3,621		Halliburton Co.		214,001
1,900		Helmerich & Payne, Inc.		105,260
1,700		Houston Exploration Co. (a)		87,635
950		Hydril Co. (a)		63,023
3,130		Maverick Tube Corp. (a)		96,905
3,100		Occidental Petroleum Corp.		244,528
2,000		Oceaneering International, Inc. (a)		96,240
2,965		Oil States International, Inc. (a)		98,141
2,300		ONEOK, Inc.		66,102
2,350		Patterson-UTI Energy, Inc.		80,205
1,425		Petrohawk Energy, Corp.		17,613
700		Rowan Cos., Inc.		23,093
500		Southwestern Energy Co. (a)		36,270
2,900		Sunoco, Inc.		216,050
4,080		Superior Energy Services, Inc.		83,150
2,100		Swift Energy Co. (a)		91,686
3,200		Tesoro Corp.		195,680
1,480		Unit Corp. (a)		77,552
1,650		Universal Compression Holdings, Inc. (a)		58,823
900		Valero Energy Corp.		94,716
1,025		Whiting Petroleum Corp. (a)		41,564
600		Weatherford International, Inc. Ltd.		37,560
				4,965,099
	Other Technology
1,300		Sybase, Inc.		28,925
	Paper & Forest Products —0.3%
400		Bowater, Inc.		10,600
1,100		Georgia-Pacific Corp.		35,783
1,500		International Paper Co.		43,770
5,200		Plum Creek Timber Co.		202,280
500		Smurfit-Stone Container Corp. (a)		5,280
300		Temple-Inland, Inc.		11,049
3,500		Weyerhaeuser Co.		221,690
				530,452
	Personal Services —0.1%
2,600		Administaff, Inc.		110,032
2,840		Barrett Business Services		75,828
				185,860
	Pharmaceuticals —1.6%
300		Abbott Laboratories		12,915
2,500		Allergan, Inc.		223,250

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Pharmaceuticals (cont’d)
2,432		Amylin Pharmaceuticals, Inc. (a)	$	81,715
1,700		Barr Pharmaceuticals, Inc.		97,665
4,600		Bristol-Meyers Squibb Co.		97,382
4,120		First Horizon Pharmaceutical Corp. (a)		59,452
3,940		I-Flow Corp. (a)		47,556
16,054		Johnson & Johnson		1,005,301
2,400		Kos Pharmaceuticals, Inc. (a)		144,000
900		Eli Lilly & Co.		44,811
400		Medco Health Solutions, Inc. (a)		22,600
4,300		Merck & Co., Inc.		121,346
4,092		Nabi Biopharmaceuticals		52,582
29,600		Pfizer, Inc.		643,504
2,550		Rigel Pharmaceuticals, Inc.		57,248
5,030		Salix Pharmaceuticals Ltd. (a)		90,238
4,075		Serologicals Corp. (a)		79,381
200		Watson Pharmaceuticals, Inc. (a)		6,912
5,100		Wyeth		227,256
				3,115,114
	Pipelines
1,500		Dynegy, Inc. (a)		6,660
	Real Estate —0.3%
550		CB Richard Ellis Group, Inc. (a)		26,868
1,800		Entertainment Properties Trust		72,180
3,200		Hovnanian Enterprises, Inc. (Class “A” Stock)  (a)		143,968
2,800		Prologis		120,400
2,860		Saint Joe Co. (The)		188,617
				552,033
	Real Estate Investment Trust —0.7%
1,300		Mack-Cali Realty Corp.		55,445
700		Liberty Property Trust		29,183
2,100		Johnson Controls, Inc.		142,905
7,300		Apartment Investment & Management Co. (Class “A” Stock)		280,320
2,575		Highland Hospitality, Corp.		27,063
200		Equity Office Properties Trust		6,160
300		Simon Property Group, Inc.		21,486
525		Redwood Trust, Inc.		24,439
1,800		Equity Residential		70,650
400		Centerpoint Properties Trust		18,224
1,000		Camden Property Trust		56,350
3,850		Ashford Hospitality Trust Inc.		40,425
600		CarrAmerica Realty Corp.		19,758
700		Duke Realty Corp.		23,870
1,050		Healthcare Realty Trust, Inc.		39,732
6,400		Host Marriot Corp.		107,456
4,680		KKR Financial Corp. (a)		104,458
3,075		MFA Mortgage Investments, Inc.		17,681
8,500		New Century Financial Corp.		262,395
1,100		SL Green Realty Corp.		74,833
				1,422,833
	Restaurants —0.1%
5,900		McDonald’s Corp.		186,440
	Retail & Merchandising —2.5%
400		Abercrombie & Fitch Co.		20,796
950		Best Buy Co., Inc.		42,047
2,000		Brinker International, Inc. (a)		76,240
1,500		CEC Entertainment, Inc. (a)		50,715
12,836		CVS Corp.		313,327
2,800		Chico’s FAS, Inc. (a)		110,712
11,200		Circuit City Stores, Inc.		199,248
3,730		Cosi, Inc.		32,638
4,900		Darden Restaurants, Inc.		158,858

SHARES	DESCRIPTION			VALUE
	Common Stocks (cont’d)
	Retail & Merchandising (cont’d)
5,430		Design Within Reach, Inc. (a)	$	43,820
1,100		Federated Department Stores, Inc.		67,507
7,580		Home Depot, Inc.		311,083
1,950		JOS. A. Bank Clothiers, Inc. (a)		79,579
700		Kohl’s Corp. (a)		33,691
11,207		Lowe’s Cos., Inc.		681,049
4,000		Men’s Wearhouse, Inc. (The)  (a)		98,800
5,900		Nordstrom, Inc.		204,435
1,600		Office Depot, Inc. (a)		44,048
700		J. C. Penney Co., Inc.		35,840
1,100		Pilgrim’s Pride Corp.		34,628
1,050		Regis Corp.		40,278
100		Ross Stores, Inc.		2,704
1,400		7-Eleven, Inc. (a)		52,374
2,000		Sonic Corp. (a)		57,880
2,000		Staples, Inc.		45,460
2,642		Starbucks Corp. (a)		74,716
4,800		Stein Mart, Inc.		88,080
7,032		Target Corp.		391,612
2,775		Triarc Cos., Inc. (Class “B” Stock)		41,264
1,275		United Auto Group, Inc.		43,006
3,600		Wal-Mart Stores, Inc.		170,316
6,500		Walgreen Co.		295,295
16,717		Yum! Brands, Inc.		850,394
				4,792,440
	Semiconductors —0.8%
1,575		ATMI, Inc. (a)		43,013
4,610		Advanced Analogic Technologies, Inc.		50,249
300		Agere Systems, Inc. (a)		3,120
800		Altera Corp.		13,320
1,000		Analog Devices, Inc.		34,780
6,100		Freescale Semiconductor, Inc.		145,668
25,100		Intel Corp.		589,850
9,500		National Semiconductor Corp.		214,985
600		Teradyne, Inc.		8,124
11,800		Texas Instruments, Inc.		336,890
4,900		Ultratech Stepper, Inc. (a)		67,522
3,890		Volterra Semiconductor Corp.		47,964
3,900		O2Micro International Ltd.		51,090
				1,606,575
	Telecommunications —1.7%
2,100		A T & T Corp.		41,538
4,200		American Tower Corp. (Class “A” Stock)		100,170
2,500		AmerisourceBergen Corp.		190,675
1,700		CenturyTel, Inc.		55,641
23,300		Cisco Systems, Inc. (a)		406,585
3,300		Comverse Technology, Inc. (a)		82,830
6,600		Corning Inc. (a)		132,594
2,100		Juniper Networks, Inc. (a)		48,993
1,800		Lucent Technologies, Inc. (a)		5,130
400		MCI Inc.		7,960
17,148		Motorola, Inc.		380,000
525		NETGEAR, Inc. (a)		10,264
14,288		QUALCOMM, Inc.		568,091
15,500		SBC Communications, Inc.		369,675
2,700		SafeNet, Inc. (a)		89,559
1,925		Sonus Networks, Inc.		8,393
8,502		Sprint Nextel Corp.		198,181
700		Telewest Global, Inc. (a)		15,967
1,300		Tellabs, Inc. (a)		12,428
14,100		Verizon Communications Inc.		444,291

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

	SHARES	DESCRIPTION		VALUE
		Common Stocks (cont’d)
		Telecommunications (cont’d)
	1,000		West Corp. (a)	$	39,450
					3,208,415
		Tobacco —0.2%
	1,200		Fair Isaac Corp.		50,112
	4,800		3M Co.		364,704
					414,816
		Transportation —0.9%
	700		Amerco		40,831
	1,920		American Commerical Lines, Inc. (a)		53,990
	2,050		Arlington Tankers, Ltd		45,654
	3,812		Burlington North Santa Fe Corp.		236,573
	400		CSX Corp.		18,324
	6,823		Fedex Corp.		627,238
	1,200		GATX Corp.		44,844
	1,700		Genesee & Wyominginc-Cla , Inc. (a)		54,485
	1,200		Laidlaw International, Inc.		27,288
	750		Landstar System, Inc. (a)		28,890
	3,800		Norfolk Southern Corp.		152,760
	1,555		Old Dominion Freight Line  (a)		55,031
	3,713		Union Pacific Corp.		256,865
	5,250		Vitran Corp., Inc. (Canada)		90,878
					1,733,651
		Utilities —1.9%
	1,500		Alliant Energy Corp.		39,675
	3,100		Avnet, Inc. (a)		71,455
	3,500		Axsys Technologies, Inc.		66,395
	5,800		CMS Energy Corp. (a)		86,478
	400		Centerpoint Energy, Inc.		5,296
	2,500		Consolidated Edison, Inc.		113,750
	2,200		Constellation Energy Group		120,560
	3,000		Dominion Resources Inc.		228,240
	300		Duke Energy Corp.		7,944
	2,200		Edison International		96,272
	1,200		Emerson Electric Co.		83,460
	44,650		General Electric Co.		1,514,082
	2,100		Headwaters Inc. (a)		66,864
	3,100		Jabil Circuit, Inc. (a)		92,535
	1,700		Northeast Utilities		30,923
	5,700		PG&E Corp.		207,366
	2,500		PNM Resources, Inc.		63,375
	4,300		Ppl Corp.		134,762
	1,700		Pinnacle West Capital Corp.		70,992
	1,600		Public Service Enterprise Group, Inc.		100,624
	1,500		Scana Corp.		59,505
	1,700		TXU Corp.		171,275
	2,350		Westar Energy, Inc.		51,935
	1,100		Wisconsin Energy Corp.		41,613
	4,200		Xcel Energy, Inc. (a)		76,986
					3,602,362
		Total Common Stocks   (cost $76,679,113)			83,649,539
	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		U.S. Government Mortgage Backed Obligations —28.8%
		Fannie Mae
$	41		8.00%, 08/25/22		43,475

	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		U.S. Government Mortgage Backed Obligations (cont’d)
		Federal Home Loan Mortgage Corp.
$	22		5.461 %, 08/01/23	$	22,638
	293		6.00 %, 09/01/22		298,179
	243		10.00%, 05/15/20		242,442
		Federal National Mortgage Assoc.
	50,056		5.50 %, 09/01/33-11/01/35		49,411,032
	3,446		4.00 %, 06/01/19-10/01/20		3,266,965
	61		6.50 %, 01/01/16		63,719
	172		7.50 %, 01/01/32		181,991
	669		6.00 %, 05/01/16-04/01/35		677,460
	91		5.00 %, 01/01/19		89,396
	126		4.41 %, 05/01/36		126,463
	500		6.00 %, TBA		504,219
	76		4.50 %, 08/01/33		71,524
		Government National Mortgage Assoc.
	13		3.75 %, 09/20/22		13,429
	72		4.50 %, 08/15/33-09/15/33		67,922
	122		8.50 %, 02/20/30-06/15/30		131,780
		Total U.S. Government mortgage backed obligations    (cost $56,469,666)			55,212,634
		U.S. Treasury Obligations —25.2%
		U.S. Treasury Bonds
	275		9.00 %, 11/15/18		387,793
	1,800		8.125 %, 08/15/19		2,403,774
	100		8.50 %, 02/15/20		138,059
	400		6.25 %, 08/15/23		466,828
	9,500		6.00 %, 02/15/26		10,921,285
	3,100		8.875 %, 08/15/17-02/15/2019		4,281,573
	750		6.50 %, 11/15/26		913,798
	8,800		4.25 %, 11/15/14		8,585,157
		U.S. Treasury Inflationary Bonds TIPS
	700		1.625 %, 01/15/15		698,312
	190		3.875 %, 04/15/29		301,602
		U.S. Treasury Notes
	100		4.25 %, 08/15/14		97,641
	700		3.375 %, 10/15/09		672,875
	400		12.00%, 08/15/13		478,781
	900		6.00 %, 08/15/09		948,305
	300		5.00 %, 08/15/11		307,781
	1,600		4.00 %, 06/15/09-02/15/2014		1,561,664
	13,450		3.375 %, 09/15/09		12,942,478
	2,000		3.50 %, 02/15/10		1,924,844
		U.S. Treasury Strips, Zero Coupon
	100		11/15/16		59,366
	500		02/15/22		226,174
		Total U.S. Treasury obligations    (cost $48,538,680)			48,318,090
MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds —15.7%
		Aerospace & Defense —0.5%
		Alliant Techsystems, Inc., Gtd. Notes
B2	75		8.50 %, 05/15/11		78,375
		BE Aerospace, Inc., Sr. Sub. Notes
Caa2	125		8.875 %, 05/01/11		130,937
		Esterline Technologies, Sr. Sub. Notes
B1	125		7.75 %, 06/15/13		130,312

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Aerospace & Defense (cont’d)
		K & F Acquisition, Inc., Gtd. Notes, PIK Sr. Sub. Notes
Caa1	125		7.75 %, 11/15/14	125,000
		L-3 Communications Corp., Sr. Sub. Notes
Ba3	100		7.625%, 06/15/12	104,500
Ba3	125		6.375%, 10/15/15	123,438
		Sequa Corp., Sr. Notes
B1	100		8.875 %, 04/01/08	102,500
		Standard Aero Holdings Inc., Sr. Sub. Notes
Caa1	25		8.25 %, 09/01/14	23,750
		TransDigm, Inc., Gtd. Notes
B3	50		8.375 %, 07/15/11	52,000
				870,812
		Airlines —0.1%
		AMR Corp. M.T.N, Notes
Caa2	150		10.55 %, 03/12/21	79,500
		Continental Airlines, Inc., Notes
Ba2	39		6.748 %, 03/15/17	33,405
				112,905
		Automobile Manufacturers —0.8%
		DaimlerChrysler NA Holding Co., Notes
A3	200		4.43 %, 05/24/06	200,503
		DaimlerChrysler NA Holding Corp. Gtd. Notes
A3	700		4.026 %, 03/07/07	698,762
		Daimlerchrysler NA Holding Corp.
A3	100		4.747 %, 08/08/06	100,645
		Ford Motor Co., Notes
Ba1	100		7.45 %, 07/16/31	73,500
		Ford Motor Credit Corp., Notes
Baa3	400		7.25 %, 10/25/11	372,795
				1,446,205
		Automotive —0.1%
		Navistar International Corp., Sr. Notes
Ba3	125		6.25 %, 03/01/12	112,188
		Tenneco Automotive, Inc., Sec’d. Notes
B3	50		8.625 %, 11/15/14	47,750
		TRW Automotive, Inc., Sr. Notes
Ba3	59		9.375 %, 02/15/13	63,425
				223,363
		Automotive Parts —0.1%
		Affinia Group, Inc., Gtd. Notes 144A
Caa1	62		9.00 %, 11/30/14	48,050
		Delco Remy International, Inc., Sr. Sub. Notes
Caa1	125		9.375 %, 04/15/12	53,750
		Goodyear Tire & Rubber Co., Notes
B3	125		7.857 %, 08/15/11	119,375
				221,175
		Building Materials —0.2%
		Grohe Holding Gmbh, Gtd. Notes
Caa1	125		8.625 %, 10/01/14	132,579
		Legrand Holding SA, (France) Sr. Unsub. Notes
B1	125		10.50 %, 02/15/13	141,562
		Nortek, Inc., Sr. Sub. Notes
Caa1	125		8.50 %, 09/01/14	119,375
				393,516
		Cable
		CSC Holdings, Inc., Sr. Notes
B1	50		7.25 %, 07/15/08	50,500

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Capital Goods —0.3%
			Clorox Co., Notes
A3		500		3.982 %, 12/14/07	500,602
			Capital Goods - Others —0.4%
			Blount, Inc., Sr. Sub. Notes
B3		75		8.875 %, 08/01/12	78,937
			D.R. Horton, Inc., Sr. Notes
Ba1		100		7.875 %, 08/15/11	107,847
			Gentek Escrow Bond
NR		75		Zero Coupon , 11/10/33	—
			Manitowoc Co.,
B2		100		10.50 %, 08/01/12	112,000
			Mueller Group, Inc., Sr. Sub. Notes
Caa1		62		10.00 %, 05/01/12	65,100
			Panolam Industries International Inc
Caa1		62		10.75 %, 10/01/13	60,140
			Rexnord Corp., Gtd. Notes
B3		125		10.125 %, 12/15/12	136,875
			Terex Corp., Gtd. Notes
Caa1		90		10.375%, 04/01/11	96,075
Caa1		20		9.25%, 07/15/11	21,350
					678,324
			Chemicals —1.0%
			Borden US Financial / Nova Scotia, Sec’d. Notes Notes
B3		50		9.00 %, 07/15/14	49,188
			Crystal US Holdings,  Sr. Disc. Notes, (Zero Coupon Until 10/01/09)
Caa2		125		Zero Coupon , 10/01/14	86,562
			Equistar Chemicals LP, Gtd. Notes
B2		105		10.125 %, 09/01/08	113,137
			Hercules, Inc., Debs. Notes
Ba1		150		6.60 %, 08/01/27	153,000
			Huntsman Advanced Materials LLC, Sec’d. Notes
Ba3		125		11.00 %, 07/15/10	138,750
			Huntsman ICI Chemicals, Gtd. Notes
B3		14		10.125 %, 07/01/09	14,403
			Huntsman International LLC, Gtd. Notes
B2		125		9.875 %, 03/01/09	131,250
			IMC Global, Inc., Debs. Ntes
B1		125		6.875 %, 07/15/07	126,875
			IMC Global, Inc., Gtd. Notes
Ba3		90		11.25 %, 06/01/11	97,650
			ISP Chemco, Inc., Gtd. Notes
B1		75		10.25 %, 07/01/11	79,781
			KRATON Polymers LLC, Sr. Sub. Notes 144A
Caa1		125		8.125 %, 01/15/14	116,250
			Lyondell Chemical Co., Gtd. Notes
B1		75		9.50 %, 12/15/08	78,562
			Lyondell Chemical Co., Sec’d Notes
B1		25		11.125 %, 07/15/12	27,875
			Nell AF SARL, Senior Notes 144A Sr. Notes (cost $125,000; purchased 08/04/05
B2		125		8.375 %, 08/15/15	120,000
			PQ Corp., Gtd. Notes 144A
B3		75		7.50 %, 02/15/13	69,000
			Rhodia SA, Sr. Notes
B3		200		10.25 %, 06/01/10	213,000
			Rhodia SA, Sr. Sub. Notes
Caa1		75		8.875 %, 06/01/11	70,875
			Rockwood Specialties Group, Inc., Gtd. Notes
B3	EUR	125		7.625 %, 11/15/14	151,305

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Chemicals (cont’d)
			Rockwood Specialties, Inc., Sr. Sub. Notes
B3		87		10.625 %, 05/15/11	93,090
					1,930,553
			Consumer Cyclical - Services —0.1%
			Affinion Group Inc., Gtd. Notes
B3		63		10.125 %, 10/15/13	59,850
			American Color Graphics Inc., Notes
Caa3		30		10.00 %, 06/15/10	19,875
			Goodman Global Holding Co., Inc., Sr. Notes(c)
B3		25		6.41 %, 06/15/12	24,500
			Goodman Global Holdings, Sr. Sub. Notes 144A
Caa1		62		7.875 %, 12/15/12	58,280
			Great Lakes Dredge & Dock Corp., Sr. Sub. Notes
Caa3		35		7.75 %, 12/15/13	32,375
			Iron Mountain Inc., Gtd. Notes
Caa1		75		8.625 %, 04/01/13	78,188
					273,068
			Consumer Products —0.3%
			Ainsworth Lumber Co. Ltd., Sr. Notes
B2		85		6.75 %, 03/15/14	72,675
			Ainsworth Lumber Co., Ltd., Gtd. Notes
B2		125		7.25 %, 10/01/12	112,812
			Church & Dwight Co. Inc., Co. Guart’d Notes
Ba3		125		6.00 %, 12/15/12	121,250
			Johnson Diversified Holdings, Inc., Disc. Notes
Caa1		75		10.67%, 05/15/13	54,000
			Johnson Diversified, Inc., Gtd. Notes
B3		75		9.625 %, 05/15/12	74,250
			Playtex Products, Inc., Gtd. Notes
Caa2		125		9.375 %, 06/01/11	129,375
			Spectrum Brands, Inc., Gtd. Notes
B3		125		7.375 %, 02/01/15	107,969
					672,331
			Consumer Services —0.2%
			Ray Acquisition SCA. Sr. Sub. Notes (France) 144A
Caa1	EUR	250		9.375 %, 03/15/15	307,103
			United Rentals of North America, Inc., Gtd. Notes
B3		25		6.50 %, 02/15/12	23,969
			United Rentals of North America, Inc., Sr. Sub. Notes 144A Sr. Sub. Notes.
Caa1		50		7.75 %, 11/15/13	47,500
					378,572
			Containers —0.1%
			Crown European Holdings SA, Sec’d. Notes (France)
B1		100		9.50 %, 03/01/11	110,000
			Electric —0.8%
			AES Corp., Sr. Notes
B1		195		9.375 %, 09/15/10	211,575
			AES Eastern Energy LP, Notes
Ba1		130		9.00 %, 01/02/17	149,958
			Calpine Corp., Sec’d. Notes
B-		190		8.75 %, 07/15/13	131,575
			CMS Energy Corp., Sr. Notes Sr. Notes
B1		50		8.50 %, 04/15/11	54,625
			Dynegy Holdings, Inc., Sec’d. Notes
B3		60		9.875%, 07/15/10	64,500
B3		95		10.125%, 07/15/13	104,500
			Edison Mission Energy, Sr. Notes
B1		75		7.73 %, 06/15/09	77,813

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Electric (cont’d)
			Homer City Funding LlC, Gtd. Notes
Ba2		71		8.137 %, 10/01/19	78,255
			NoteCo Ltd., Notes
NR		2		6.673 %, 06/30/25	2,898
			PPL Capital Funding Trust, Gtd. Notes
Ba1		300		7.29 %, 05/18/06	303,087
			Sierra Pacific Resources,  Sr. Notes
B1		40		8.625 %, 03/15/14	43,600
			Texas Genco LLC, Sr. Notes
B1		150		6.875 %, 12/15/14	160,500
			TXU Energy Co. LLC, Sr. Notes(c)
Baa2		95		4.92 %, 01/17/06	95,019
					1,477,905
			Energy —0.6%
			Chesapeake Energy Corp., Sr. Notes
Ba2		125		6.875%, 01/15/16	126,562
Ba2		150		6.375%, 06/15/15	147,375
			CMS Energy Corp., Sr. Notes
B1		115		7.50 %, 01/15/09	119,169
			Encore Acquisition Corp., Sr. Notes
B2		25		6.25 %, 04/15/14	24,250
			Forest Oil Corp., Sr. Notes
Ba3		30		8.00 %, 12/15/11	32,775
			Foundation PA Coal Co., Sr. Notes Sr. Notes 144A
B1		50		7.25 %, 08/01/14	51,125
			Inergy LP Inergy Finance Corp.
B1		50		6.875 %, 12/15/14	47,375
			Magnum Hunter Resources, Inc., Gtd. Notes
Ba3		8		9.60 %, 03/15/12	8,640
			Newfield Exploration Co., Sr. Sub. Notes
Ba3		50		8.375 %, 08/15/12	53,625
			Pacific Energy Partners Lp, Sr. Notes, 144A
Ba2		50		7.125 %, 06/15/14	52,000
			Parker Drilling Co., Sr. Notes
B2		100		9.625 %, 10/01/13	113,000
			Premcor Refining Group, Inc., Gtd. Notes
Baa3		75		6.75 %, 05/01/14	78,375
			Premcor Refining Group, Inc.,Gtd. Notes
Baa3		25		6.75 %, 02/01/11	26,438
			Pride International, Inc., Sr. Notes
Ba2		25		7.375 %, 07/15/14	26,937
			Stone Energy Corp., Sr. Sub. Notes
B2		105		8.25 %, 12/15/11	109,200
			Suburban Propane Partners L.P., Sr. Notes
B1		125		6.875 %, 12/15/13	115,000
			Transmontaigne, Inc., Sr. Sub. Notes
B3		40		9.125 %, 06/01/10	39,600
			Vintage Petroleum, Inc., Sr. Notes
Ba3		50		8.25 %, 05/01/12	53,875
			Vintage Petroleum, Inc., Sr. Sub Notes
B1		25		7.875 %, 05/15/11	26,188
					1,251,509
			Entertainment —0.3%
			AMC Entertainment, Inc., Gtd. Notes
B2		100		8.625 %, 08/15/12	100,750
			Boyd Gaming Corp., Sr. Sub. Notes
B1		175		8.75 %, 04/15/12	187,031
			Codere Finance SA, (Luxembourg) 144A
B2	EUR	62		8.25 %, 06/15/15	77,462
			Intrawest Corp., Sr. Notes
B1		75		7.50 %, 10/15/13	76,313

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Entertainment (cont’d)
			Six Flags, Inc., Sr. Notes
Caa1		45		9.625 %, 06/01/14	44,550
			Universal City Florida, Holding Co., Sr. Notes
B3		50		8.375 %, 05/01/10	51,250
			Warner Music Group, Sr. Notes
B3		125		7.375 %, 04/15/14	121,875
					659,231
			Environmental —0.2%
			Alliance One International, Inc., Notes 144A
B2		62		11.00 %, 05/15/12	52,080
			Allied Waste North America, Inc., Sr. Notes
B2		25		7.875 %, 04/15/13	25,625
			Allied Waste North America, Inc., Sr. Notes, Ser. B
B2		220		8.50 %, 12/01/08	228,800
					306,505
			Finance —0.2%
			Arch Western Finance LLC, Sr. Notes
Ba3		50		6.75 %, 07/01/13	50,250
			Cellu Tissue Holdings Inc., Sec’d
B2		100		9.75 %, 03/15/10	97,000
			E*trade Financial Corp., Sr. Notes
B1		62		7.375 %, 09/15/13	61,070
			Eircom Funding, Gtd. Notes ( Ireland)
B1		50		8.25 %, 08/15/13	53,875
			General Motors Acceptance Corp
Ba1		62		8.00 %, 11/01/31	64,005
					326,200
			Financial Institutions —0.2%
			HSBC Bank USA NA, Sr. Notes(c)
Aa2		400		3.99 %, 09/21/07	400,478
			Financial Services —1.3%
			General Electric Capital Corp., Sr. Unsec’d. Notes ( Japan)
Aaa	JPY	67,000		1.40%, 11/02/06	582,832
Aaa	JPY	8,000		0.10%, 12/20/05	68,729
			General Motors Acceptance Corp., Notes
Ba1		1,125		6.875 %, 09/15/11	1,090,821
			Pemex Project Funding Master Trust, Gtd. Notes
Baa1		250		9.25 %, 03/30/18	311,250
			Petroleum Export Ltd., Sr. Notes
Baa1		500		5.265 %, 06/15/11	493,700
					2,547,332
			Food And Beverage —0.2%
			Agrilink Foods, Inc., Gtd. Notes 144A
B3		8		11.875 %, 11/01/08	8,180
			Dole Foods Co., Inc., Sr. Notes
B2		38		8.625%, 05/01/09	39,282
B2		18		8.875%, 03/15/11	18,630
			Smithfield Foods, Inc., Sr. Notes
Ba2		80		8.00 %, 10/15/09	84,500
			United Biscuits, Co., Gtd. Notes ( United Kingdom)
B3	EUR	125		10.625 %, 04/15/11	160,293
					310,885
			Gaming —0.7%
			Caesars Entertainment, Inc., Sr. Sub. Notes
Ba1		20		8.875 %, 09/15/08	21,500
			Isle of Capri Casinos, Inc., Sr. Sub. Notes
B2		50		7.00 %, 03/01/14	47,250

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Gaming (cont’d)
		MGM Mirage Inc., Sr. Notes 144A
Ba2	125		6.625 %, 07/15/15	121,250
		MGM Mirage, Inc., Gtd. Notes
Ba3	130		9.75 %, 06/01/07	136,500
		MGM Mirage, Inc., Notes
Ba2	250		6.00 %, 10/01/09	245,625
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
Ba3	100		8.00 %, 04/01/12	104,125
		Park Place Entertainment Corp., Sr. Notes
Baa3	130		7.50 %, 09/01/09	138,390
		Park Place Entertainment Corp., Sr. Sub. Notes
Ba1	20		9.375 %, 02/15/07	20,850
Ba1	35		8.125 %, 05/15/11	38,238
		Penn National Gaming, Inc., Sr. Sub. Notes
B3	25		6.75 %, 03/01/15	24,000
		Seneca Gaming Corp., Sr. Notes
B1	62		7.25 %, 05/01/12	63,318
		Station Casinos, Inc., Sr. Notes, 144A
Ba2	90		6.00 %, 04/01/12	88,425
		Station Casinos, Inc., Sr. Sub. Notes
Ba3	125		6.875 %, 03/01/16	125,937
		Wynn Las Vegas LLC, Notes
B2	235		6.625 %, 12/01/14	223,837
				1,399,245
		Healthcare —0.9%
		Alliance Imaging, Inc., Sr. Sub. Notes
B3	25		7.25 %, 12/15/12	21,875
		Concentra Operating Corp., Sr. Sub. Notes
B3	125		9.125 %, 06/01/12	128,750
		Coventry Health Care, Inc., Sr. Notes
Ba1	45		8.125 %, 02/15/12	47,925
		Elan Finance PLC, Sr. Notes
B3	25		7.75 %, 11/15/11	22,000
		HCA, Inc. Debs.
Ba2	180		7.50%, 12/15/23	176,405
Ba2	60		9.00%, 12/15/14	68,375
		Healthsouth Corp., Notes
NR	150		8.50%, 02/01/08	147,000
NR	75		7.625%, 06/01/12	70,500
		Iasis Healthcare LLC, Sr. Sub.
B3	40		8.75 %, 06/15/14	41,000
		Magellan Health Services, Inc., Sr. Notes
B3	131		9.375 %, 11/15/08	137,802
		Medical Device Manufacturing, Inc., Gtd. Notes 144A
Caa1	65		10.00 %, 07/15/12	76,050
		Mylan Laboratories, Inc., Sr. Notes 144A
Ba1	62		6.375 %, 08/15/15	61,225
		Omega Healthcare Investors, Inc., Notes
B1	50		6.95 %, 08/01/07	50,250
		Omega Healthcare Investors, Inc., Sr. Notes 144A
B1	25		7.00 %, 04/01/14	25,125
		Select Medical Corp.,Gtd. Notes
B3	50		7.625 %, 02/01/15	46,375
		Senior Housing Properties Trust, Sr. Notes
Ba2	60		8.625 %, 01/15/12	66,000
		Tenet Healthcare Corp., Sr. Notes
B3	50		6.375%, 12/01/11	43,625
B3	35		6.50%, 06/01/12	30,450
		Tenet Healthcare Corp., Sr. Notes 144A
B3	50		9.25 %, 02/01/15	47,375

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Healthcare (cont’d)
		Vanguard Health Holdings Co. LLC II, Sr. Sub. Notes
Caa1	75		9.00 %, 10/01/14	78,187
		Ventas Realty Lp Ventas Capital Corp., Sr. Notes
Ba3	40		8.75%, 05/01/09	42,700
Ba3	110		9.00%, 05/01/12	123,750
		VWR International, Inc., Sr. Sub. Notes
Caa1	125		8.00 %, 04/15/14	121,250
		Warner Chilcott Corp., Sr. Sub Notes
Caa1	100		8.75 %, 02/01/15	92,000
				1,765,994
		Lodging —0.5%
		HMH Properties, Inc., Gtd. Notes, Series B
Ba3	14		7.875 %, 08/01/08	14,158
		Host Marriott L.P. Sr. Notes Sr. Notes (Reit)
Ba3	75		7.00 %, 08/15/12	75,563
		Host Marriott L.P., Gtd. Notes
Ba3	125		9.50 %, 01/15/07	130,469
		Host Marriott, L.P. Sr. Notes Notes
Ba3	40		7.125 %, 11/01/13	40,550
		ITT Corp., Debentures
Ba1	175		7.375 %, 11/15/15	185,500
		K Hovnanian Enterprises Inc
Ba1	25		6.25 %, 01/15/15	22,548
		KB Home, Sr. Sub Notes
Ba2	65		8.625 %, 12/15/08	68,498
		Meritage Homes Corp., Sr. Notes
NR	125		6.25 %, 03/15/15	108,750
		Royal Caribbean Cruises Ltd., Sr. Notes
Ba1	125		8.00 %, 05/15/10	135,000
		Starwood Hotels & Resorts Worldwide, Inc., Gtd. Notes
Ba1	125		7.875 %, 05/01/12	134,687
				915,723
		Media
		Lin Television Corp
B1	62		6.50 %, 05/15/13	58,745
		Media - Broadcast Towers —0.1%
		American Tower Corp., Sr. Notes
B1	125		7.50 %, 05/01/12	130,313
		Media - Cable —0.2%
		Callahan Nordrhein-Westfalen Gmbh
NR	50		Zero Coupon , 07/15/10	4,500
		CCH I Holdings LLC, Gtd. Notes
Ca	13		10.00 %, 05/15/14	8,385
		CCH I LLC. Sec’d. Notes 144A
NR	9		11.00 %, 10/01/15	8,145
		Charter Communications Holdings II, Sr. Notes
Caa1	100		10.25 %, 09/15/10	100,250
		Charter Communications LLC, Sr. Notes
B2	177		Zero Coupon , 05/15/11	112,395
		CSC Holdings, Inc., Sr. Notes
		Sr. Notes
B1	30		7.875%, 12/15/07	30,750
B1	25		7.625%, 04/01/11	25,062
		CSC Holdings, Inc., Sr. Notes 144A
B1	50		7.00 %, 04/15/12	48,250

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Media - Cable (cont’d)
			Kabel Deutschland Gmbh
B2		60		10.625 %, 07/01/14	64,575
					402,312
			Media - Non Cable —0.3%
			DirecTV Holdings LLC / DirecTV Financing Co., Sr. Notes
Ba2		43		8.375 %, 03/15/13	46,548
			Echostar DBS Corp Sr. Notes 144A
Ba3		125		6.625 %, 10/01/14	121,250
			Emmis Operating Co., Sr. Sub. Notes
B2		125		6.875 %, 05/15/12	123,437
			Lighthouse International Co. SA, Sr. Notes ( Luxembourg)
B3	EUR	125		8.00 %, 04/30/14	157,297
			Quebecor Media, Inc., Sr. Notes
B2		50		11.125 %, 07/15/11	54,125
					502,657
			Metals —0.4%
			AK Steel Corp., Gtd. Notes
B1		100		7.875%, 02/15/09	95,250
B1		50		7.75%, 06/15/12	45,000
			Impress Group Bv, Sr. Notes
B2		100		10.50 %, 05/25/07	126,796
			Ispat Inland UlC, Sec’d Notes 144A
Ba1		125		9.75 %, 04/01/14	141,250
			Kloeckner Investment SCA, Notes
B2		62		10.50 %, 05/15/15	81,920
			Novelis Inc Sr. Notes
B1		125		7.25 %, 02/15/15	114,062
			OM Group, Inc., Gtd. Notes
Caa1		45		9.25 %, 12/15/11	43,313
			Oregon Steel Mills Inc
Ba3		55		10.00 %, 07/15/09	58,988
			Ryerson Tull, Inc., Sr. Notes
B2		40		8.25 %, 12/15/11	38,700
			United States Steel Corp. LLC, Sr. Notes
Ba2		89		10.75 %, 08/01/08	98,790
					844,069
			Non-Bond Holdings
			Tyco International Group SA, Gtd. Notes
Baa3		10		3.125 %, 01/15/23	12,788
			Oil & Gas —0.1%
			El Paso Corp., Sr. Notes
Caa1		125		7.80 %, 08/01/31	124,063
			Oil & Gas Exploration & Production —0.1%
			El Paso Corp., Notes
Caa1		125		7.875 %, 06/15/12	127,500
			Williams Cos., Inc., Sr. Notes
B1		125		7.625 %, 07/15/19	132,500
					260,000
			Other Misc —0.1%
			Levi Strauss & Co., Gtd. Notes
Caa2		80		12.25 %, 12/15/12	87,800
			Propex Fabrics, Inc. Gtd. Notes
Caa1		75		10.00 %, 12/01/12	65,156
					152,956
			Packaging —0.3%
			Graham Packaging Co., Gtd. Notes
Caa1		62		8.50 %, 10/15/12	59,520
			Graham Packaging Co., Sub. Notes 144A
Caa2		200		9.875 %, 10/15/14	187,000

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Packaging (cont’d)
			Graham Packaging International Corp., Sr. Sub. Notes
B3		125		9.50 %, 08/15/13	112,187
			Owens Brockway Glass Container, Inc., Notes
B1		180		8.75 %, 11/15/12	193,050
					551,757
			Paper —0.3%
			Abitibi-Consolidated, Inc., Notes
Ba3		125		5.25 %, 06/20/08	115,625
			Georgia-Pacific Corp., Notes
Ba2		75		7.50%, 05/15/06	75,750
Ba2		75		8.875%, 05/15/31	85,312
Ba2		20		8.125%, 05/15/11	21,700
			Jefferson Smurfit Corp., Gtd. Notes
B2		50		8.25%, 10/01/12	47,125
B2		75		7.50%, 06/01/13	67,500
			Mercer International, Inc., Sr. Notes
Caa1		25		9.25 %, 02/15/13	21,000
			Millar Western Forest Products Ltd, Sr. Notes
B2		75		7.75 %, 11/15/13	61,125
			Tembec Industries, Inc., Gtd. Notes ( Canada)
B3		55		7.75 %, 03/15/12	34,375
					529,512
			Pipelines —0.4%
			El Paso Natural Gas Co., Notes
B1		125		8.375 %, 06/15/32	138,210
			El Paso Production Holding Co., Gtd. Notes
B3		210		7.75 %, 06/01/13	216,300
			Hanover Compressor Co., Gtd. Notes
B3		75		8.625 %, 12/15/10	79,500
			Hanover Equipment Trust, Sr. Notes
B2		50		8.75 %, 09/01/11	53,000
			Tennessee Gas Pipeline Co., Debs.
B1		125		7.625%, 04/01/37	128,323
B1		50		7.00%, 10/15/28	48,312
			Williams COS, Inc., Sr. Notes
B1		150		7.125 %, 09/01/11	154,687
			Williams Cos., Inc., Notes
B1		45		8.125 %, 03/15/12	48,600
					866,932
			Printing & Publishing —0.1%
			WDAC Subsidiary Corp., Sr. Notes
Caa1	EUR	250		8.50 %, 12/01/14	286,879
			Publishing —0.4%
			Dex Media East LLC, Gtd. Notes
B2		107		12.125 %, 11/15/12	124,922
			Dex Media West Finance, Sr. Sub. Notes
B2		142		9.875 %, 08/15/13	156,555
			Houghton Mifflin Co., Sr. Sub. Notes
Caa1		125		9.875 %, 02/01/13	129,062
			Medianews Group, Inc., Sr. Sub.
B2		75		6.875 %, 10/01/13	74,063
			Primedia, Inc., Gtd. Notes
B2		50		8.875%, 05/15/11	48,750
B2		25		9.165%, 05/15/10	25,063
			Sun Media Corp., Gtd. Notes ( Canada)
Ba3		150		7.625 %, 02/15/13	155,250

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Publishing (cont’d)
		Vertis, Inc., Gtd. Notes, Series B Gtd. Notes, Series B
Caa1	55		10.875 %, 06/15/09	51,150
				764,815
		Retail —0.1%
		Ahold Finance USA, Inc., Notes
Ba2	25		8.25 %, 07/15/10	26,875
		Jean Coutu Group PJC, Inc. Sr. Sub. Notes ( Canada)
B3	50		8.50 %, 08/01/14	46,375
		Jean Coutu Group PJC, Inc., Sr. Notes ( Canada)
B2	25		7.625 %, 08/01/12	24,563
		Landry’s Restaurants, Inc., Gtd. Notes
B2	125		7.50 %, 12/15/14	115,000
				212,813
		Retailers —0.1%
		Autonation, Inc., Sr. Notes
Ba2	15		9.00 %, 08/01/08	16,200
		Neiman Marcus Group, Inc., Sr. Unsec’d. Notes 144A
B2	63		9.00 %, 10/15/15	61,898
		Toys R US, Inc., Notes
B3	5		7.875%, 04/15/13	4,025
B3	25		7.625%, 08/01/11	20,625
				102,748
		Retailers - Food & Drug —0.1%
		Biovail Corp., Sr. Sub. Notes
B2	125		7.875 %, 04/01/10	128,906
		Technology —0.3%
		Flextronics International Ltd., Sr. Sub. Notes
Ba2	75		6.25 %, 11/15/14	72,750
		Invensys PLC, Sr. Notes 144A
B3	40		9.875 %, 03/15/11	38,400
		Nortel Networks Corp., Gtd. NOtes
B3	20		4.25 %, 09/01/08	18,675
		Nortel Networks Ltd.
B3	25		6.125 %, 02/15/06	24,937
		Sanmina - SCI Corp., Gtd. Notes
Ba2	95		10.375 %, 01/15/10	104,025
		Sungard Data Systems, Inc., Sr. Unsec’d. Notes
B3	125		9.125 %, 08/15/13	126,875
		UGS Corp., Gtd. Notes
B3	250		10.00 %, 06/01/12	273,125
				658,787
		Telecommunications - Non Cellular —1.0%
		MCI Inc., Sr. Notes
B2	59		7.688 %, 05/01/09	61,139
		MCI, Inc., Sr. Notes
B2	65		6.908 %, 05/01/07	65,650
		Panamsat Corp., Gtd. Notes Sr. Notes 144A
B1	125		9.00 %, 08/15/14	131,563
		Qwest Capital Funding Corp., Gtd. Notes
Caa2	100		7.25 %, 02/15/11	95,500
		Qwest Capital Funding, Gtd. Notes
Caa2	125		7.00 %, 08/03/09	122,500
		Qwest Corp., Sr. Notes
Ba3	1,000		7.625 %, 06/15/15	1,025,000
Ba3	100		7.875 %, 09/01/11	104,750
		Qwest Services Corp., Sec’d. Notes
Caa1	287		13.50 %, 12/15/10	327,897

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Telecommunications - Non Cellular (cont’d)
		Xerox Corp., Sr. Notes
Ba2	75		7.625 %, 06/15/13	78,750
				2,012,749
		Telecommunications
		Citizens Communications Co., Sr. Notes
Ba3	100		6.25 %, 01/15/13	94,750
		Telecommunications - Cellular —0.6%
		Alamosa Delaware, Inc., Sr. Notes
Caa1	50		11.00%, 07/31/10	55,375
Caa1	75		8.50%, 01/31/12	77,813
		AT&T Corp., Sr. Notes
Ba1	73		9.05 %, 11/15/11	80,665
		Centennial Communications Corp., Notes
B3	100		8.125 %, 02/01/14	103,500
		Cincinnati Bell, Inc., Sr. Sub. Notes
B3	50		8.375 %, 01/15/14	48,625
		Citizens Communications Co., Notes
Ba3	125		9.25 %, 05/15/11	135,312
		Dobson Cellular Systems, Sec’d Notes
B1	25		8.443 %, 11/01/11	25,938
		Dobson Communications Corp., Sr. Notes
Caa2	125		8.875 %, 10/01/13	122,187
		Intelsat Bermuda Ltd., Sr. Notes 144A
B2	125		8.25 %, 01/15/13	124,687
		Nextel Communications, Sr. Notes
Baa2	125		5.95 %, 03/15/14	125,389
		Rodgers Wireless Inc., Sr. Sub. Notes ( Canada)
B2	75		8.00 %, 12/15/12	79,313
		Rogers Wireless, Inc., Sr. Notes
Ba3	75		7.50 %, 03/15/15	80,438
		US Unwired, Inc., Ser. B, Sec’d
B2	25		8.12 %, 06/15/10	25,500
				1,084,742
		Transportation —0.1%
		Progress Rail Services Corp., Sr. Notes
B2	62		7.75 %, 04/01/12	63,395
		Stena AB, Sr. Notes ( Sweden). 144A
Ba3	75		7.50 %, 11/01/13	71,250
				134,645
		Utility - Electric/Other —0.4%
		Midwest Generation LLC, Notes
B1	30		8.30%, 07/02/09	31,350
B1	57		8.56%, 01/02/16	61,878
B1	125		8.75%, 05/01/34	136,875
		Mission Energy Holding Co., Sec’d. Notes
B2	35		13.50 %, 07/15/08	40,512
		Nevada Power Co., Notes
Ba1	5		10.875%, 10/15/09	5,475
Ba1	60		6.50%, 04/15/12	61,050
		NRG Energy, Inc., Notes
B	114		8.00 %, 12/15/13	124,260
		Orion Power Holdings, Inc., Sr. Notes
B2	50		12.00 %, 05/01/10	58,750
		Reliant Energy Mid-Atlantic Power Holdings LLC, Ser. B
B1	66		9.237 %, 07/02/17	73,593

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Utility - Electric/Other (cont’d)
		Reliant Energy, Inc., Sec’d. Notes
B1	125		9.50 %, 07/15/13	133,125
				726,868
		Utility - Natural Gas —0.1%
		Allegheny Energy Supply Co. LLC, Notes 144A
Ba3	30		8.25 %, 04/15/12	33,150
		Southern Natural Gas Co., Notes
B1	50		8.875 %, 03/15/10	53,661
		Tennessee Gas Pipeline Co., Debs.
B1	110		7.00 %, 03/15/27	111,995
				198,806
		Total corporate bonds (cost $30,048,559)		30,066,545
		Collateralized Mortgage Obligations —2.5%
		Bear Stearns Adjustable Rate Mortgage Trust,(c) Series 2005-4,    Class 23A2
Aaa	449		5.434 %, 05/25/35	448,111
		FHLMC Structured Pass Through Securities,(c) Series T-61,    Class 1A1
NR	2,221		4.137 %, 07/25/44	2,227,915
		GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1(c)
Aaa	500		4.541 %, 10/01/35	491,710
		Mellon Residential Funding Corp(c)
NR	57		4.134 %, 07/25/29	57,201
		Vendee Mortgage Trust(c)
NR	278		6.821 %, 01/15/30	283,411
		Washington Mutual Inc
Aaa	23		6.00 %, 03/25/17	22,430
		Washington Mutual, Inc.,(c) Series 2003-R1, Class A1
Aaa	1,362		4.308 %, 12/25/27	1,360,367
		Total Collateralized Mortgage Obligations    (cost $4,897,991)		4,891,145
		Municipals —2.1%
		City of Chicago IL
Aaa	400		5.00 %, 01/01/15	419,864
		City of San Antonio TX
Aaa	400		5.00 %, 05/15/25	412,116
		Florida State Board Education
Aa1	400		5.00 %, 06/01/32	410,956
		Georgia State Road & Tollway Authority Revenue Bonds
Aaa	200		5.00 %, 03/01/21	210,978
		Golden State Tobacco Securitization Corp., Series 2003-A-1
Baa3	250		6.25 %, 06/01/33	274,468
		Golden State Tobacco Securitization Corp., Revenue, Series 2003,    Class A-1
Baa3	100		6.75 %, 06/01/39	113,972
		Massachusetts Water Resources Authority, Series J
Aaa	250		5.00 %, 08/01/32	255,875
		New York State Dormitory Authority
Aa2	500		6.65 %, 08/15/30	581,545
		South Carolina State Highway, Series B
Aaa	200		5.00 %, 04/01/17	211,594
		South Central Regional Water Authority Water System Series B-1
Aaa	600		5.00 %, 08/01/26	627,204
		Tobacco Settlement Financing Corp NJ
Baa3	300		6.00%, 06/01/37	313,221

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION			VALUE
			Municipals (cont’d)
Baa3	$	250		6.375%, 06/01/32	$	277,282
			Total municipals    (cost $3,796,516)			4,109,075
			Foreign Government Bonds —1.8%
			Brazilian Government International Bond
B1		45		8.25 %, 01/20/34		43,785
			Italy Government Bond
Aa2	JPY	5,000		0.375 %, 10/10/06		43,058
			Republic of Brazil
B1		32		4.25 %, 04/15/06		31,962
			Republic of Brazil (Brazil)
B1		55		10.00%, 08/07/11		62,700
B1		860		11.00%, 08/17/40		1,033,290
			Republic of Italy (Italy)
Aa2	JPY	3,000		3.80 %, 03/27/08		27,868
			Republic of Panama (Panama)
Ba1		300		9.625 %, 02/08/11		345,000
			Russian Government International Bond
Baa3		650		5.00 %, 03/31/30		722,540
			United Kingdom Treasury Stock (United Kingdom)
Aaa	GBP	600		4.75 %, 06/07/10		1,080,822
			Total Foreign Government Bonds    (cost $3,273,337)			3,391,025
			Asset-Backed Securities —0.5%
			Argent Securities Inc., Series 2005-W3, Class A2A
Aaa		500		4.06 %, 11/25/35		500,235
			Federal National Mortgage Assoc., Series 2005-73, Class A1A
NR		405		4.078 %, 07/25/35		404,520
			Quest Trust, Series 2004-X2, Class A1
Aaa		134		4.598 %, 06/25/34		134,286
			Total asset-backed securities    (cost $1,038,383)			1,039,041
		UNITS	DESCRIPTION			VALUE
			Warrants (a)
		166		Gentek Inc. Class B, expiring 10/31/08		681
		81		Gentek Inc. Class C, expiring 10/31/10		365
		776		McLeod USA, Inc., expiring 4/16/07		4
		300,000		United Mexican States, Ser. D, expiring  6/30/06		6,150
		300,000		United Mexican States, Ser. D, expiring 6/30/07		7,800
			Total warrants    (cost $58)			15,000
		SHARES	DESCRIPTION			VALUE
			Preferred Stocks
			Non-Bond Holdings
		350		McLeod USA, Inc. Ser A, 2.50%  (cost $76,395)		35
			Total long-term investments    (cost $224,818,698)			230,692,129
		NATIONAL (000) CONTRACTS	DESCRIPTION			VALUE
			SHORT-TERM INVESTMENTS —16.6%
			Outstanding Options Purchased —0.1%
			Call Options —0.1%
		500,000		3-Month LIBOR Interest Rate Swap, expiring 04/27/09 @   5.00%		51,130
		270		Swap Option on 3 Month LIBOR, expiring 10/12/06 @   4.25%		4,738
		590		Swap Option on 3 Month LIBOR, expring 10/18/06 @    4.50%		18,255

		CONTRACTS	DESCRIPTION			VALUE
			Outstanding Options Purchased (cont’d)
			Call Options (cont’d)
		240		Swap Option on 3 Month LIBOR, expiring 10/19/06 @ 4.25%	$	4,337
						78,460
			Put Options
		500,000		Swap Option on 3 Month LIBOR, expring 04/27/09 @ 6.25%		17,917
		290		Eurodollar Futures, expiring 12/19/05 @ $93.75		1,813
		20		United Kingdom Futures, expring 12/25/05 @ $93.75 (United Kingdom Treasury Stock)		221
						19,951
			Total Outstanding Options Purchased   (cost $106,025)			98,411
		PRINCIPAL AMOUNT (000)		DESCRIPTION		VALUE
			U.S. Treasury Obligations —0.2%
			US Treasury Bills (k)
		190		3.495 %, 12/15/05		189,188
		270		4.0% , 12/15/05		268,835
			Total U.S. Treasury obligations   (cost $458,067)			458,023
			U.S. Government Agency Obligations —0.4%
			Federal Home Loan Mortgage Corp.
		700		3.965%, 11/29/05		697,841
			Commercial Paper —0.4%
			UBS Finance
		300		4.155%, 02/28/06		295,637
			Viacom Inc
		500		4.27%, 11/30/05		498,280
			Total commercial paper   (cost $794,160)			793,917
MOODY’S RATINGS		PRINCIPAL AMOUNT (000)	DESCRIPTION			VALUE
			Foreign Government Securities —7.4%
			Dutch Treasury Certificate
NR	EUR	1,000		2.07%, 12/15/05		1,195,464
NR	EUR	300		1.0%, 11/30/05		358,964
NR	EUR	600		2.187%, 02/28/06		714,115
NR	EUR	5,000		2.07%, 01/31/06		5,960,505
			France Treasury Bill
NR	EUR	1,700		2.07% , 12/29/05		2,030,502
			German Treasury Bill
NR		600		4.59% , 11/16/05		718,510
NR	EUR	2,300		2.641%, 01/18/06		2,744,035
			United Kingdom Treasury
Aaa		200		5.75 %, 12/07/06		372,692
						14,094,797
			Total Foreign Treasury Obligations   (cost $14,216,747)			14,094,787
		SHARES	DESCRIPTION			VALUE
			Money Market Mutual Funds —8.1%
		15,598,832		Dryden Core Investment Fund - Taxable Money Market   Series (w)		15,598,832

STRATEGIC PARTNERS CONSERVATIVE ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

CONTRACTS		DESCRIPTION			VALUE
		Total Money Market Mutual Fund   (cost $27,780,618)			15,598,832
		Total short-term investments   (cost $44,053,458 )			31,741,811
		Total Investments, Before Outstanding Options Written and   Securities Sold Short —136.8%   (cost $268,872,156)(p)			262,433,940
PRINCIPAL AMOUNT (000)			DESCRIPTION		VALUE
		SECURITIES SOLD SHORT —(10.8)%
		U.S. Treasury Notes
(7,800	)		3.375%, 09/15/09		(7,505,675	)
(3,800	)		4.25%, 11/15/14		(3,707,227	)
(300	)		5.00%, 08/15/11		(307,781	)
(7,100	)		6.00%, 02/15/06		(8,162,224	)
(900	)		6.00%, 08/15/09		(948,305	)
		Total securities sold short   (proceeds $21,315,253)			(20,631,212	)
NATIONAL AMOUNT(000)/ CONTRACTS		DESCRIPTION			VALUE
		OUTSTANDING OPTIONS WRITTEN
		Call Option
			3-Month LIBOR Interest Rate Swap, expiring 07/03/06 @   4.00%
2,900					(3,106	)
		Written Options
2,900			Swap Option on 3 Month LIBOR, expiring 07/03/06 @ 6.00%		(9,236	)
120			Swap Option on 3 Month LIBOR, expiring 10/12/06 @ 4.30%		(5,146	)
250			Swap Option on 3 Month LIBOR, expiring 10/16/06 @ 4.56%		(18,810	)
100			Swap Options on 3 Month LIBOR, expiring 10/19/06 @    4.31%		(4,496	)
5			90 Day GBP LIBOR, expiring 12/21/05 @ $94.25		(55	)
		Total written options   (premium received $118,597)			(37,743	)
		Total outstanding options written   (cost $196,897 )			(40,849	)
		Total Investments, Net of Outstanding Options Written and   Securities Sold Short —126.0%   (cost $247,360,006)			241,761,879
		Other liabilities in excess of other assets(u) —(26.0)%			(49,903,421	)
		Net Assets —100%		$	191,858,458

The following abbreviations are used in portfolio descriptions:
	144A	Security was purchased pursuant to Rule 144A under the securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted 144A securities are deemed to be liquid.
	ADR	American Depositary Receipt
	IO	Interest Only
	NR	Not Rated by Moodys or Standard & Poor's
	PIK	Payment-in-kind
	TBA	To Be Announced
	TIPS	Treasury Inflation Protected Securities

EUR	Euro
GBP	British Pound
JPY	Japanese Yen

(a)	Non-income producing security.
(c)	Indicates a variable rate security. The maturity date presented for these instruments is the next date on which the rate of interest is adjusted.
(k)	Securities or a portion thereof with an aggregate market value of $169,266 have been segregated with the custodian to cover margin requirements for futures contracts open at October 31, 2005.
(p)	The United States federal income tax basis of the Fund’s investments was $270,312,606; accordingly, net unrealized depreciation on investments for federal income tax purposes was $7,878,666 (gross unrealized appreciation - $9,741,546; gross unrealized depreciation - $17,620,212). The difference between book and tax basis is primarily attributable to deferred losses on wash sales.
(w)	Prudential Investments LLC, the manager of the Fund also serves as manager of the Dryden Core Investment Fund-Taxable Money Market Series.
(u)	Liabilities in excess of other assets includes net unrealised appreciation (depreciation) on futures contracts, forward foreign currency contracts, interest rate and credit default swaps as follows:

Number of Contracts	Type	Expiration Month		Value at Trade Date		Value at October 31, 2005		Unrealized Appreciation (Depreciation)
Long Position:
64	5 Year Treasury Note		Dec 05	$	6,903,000	$	6,777,000	$	(126,000	)
59	Eurodollar		Dec 05		14,156,575		14,089,200		(67,375	)
76	Eurodollar		Mar 06		18,126,363		18,100,350		(26,013	)
17	Eurodollar		Dec 06		4,081,488		4,044,300		(37,187	)
								$	(256,575	)
Short Position:
36	5 Year Treasury Note		Dec 05	$	3,941,438	$	3,904,313	$	37,125
9	10 Year German Government Bond		Dec 05		1,308,997		1,298,858		10,139
								$	47,264

Forward foreign currency exchange contracts outstanding at October 31, 2005:

Purchase Contracts

Description	Notional Amount (000)			Value at Settlement Date Payable	Current Value		Unrealized (Depreciation)
Euros, Expiring 11/08/05	EUR	4,808	$	5,751,700	$	5,764,642	$	12,942
Japanese Yen, Expiring 12/01/05	JPY	194,099		1,707,200		1,673,230		(33,969	)
			$	7,458,900	$	7,437,872	$	(21,027	)

Sales Contracts

Description	Notional Amount (000)			Value at Settlement Date Receivable	Current Value		Unrealized Appreciation (Depreciation)
Euros, Expiring 11/08/05	EUR	17,180	$	20,681,858	$	20,596,461	$	85,397
Pound Sterling, , Expiring 11/21/05	GPB	4,300		1,531,423		1,541,302		(9,879	)
			$	22,213,281	$	22,137,763	$	75,518

Interest rate swap agreements outstanding at October 31, 2005:

Counter Party	Termination Date		Notional Amount		Fixed Rate			Floating Rate	Unrealized Appreciation (Depreciation)
Barclays Capital (1)	12/15/2010	USD	$	1,600,000		4.00	%	3 Month LIBOR	($ 57,034	)
Barclays Capital(1)	9/15/2010	GBP		1,100,000		5.00	%	6 Month LIBOR	25,531
Goldman Sachs Capital Markets L.P.(1)	12/15/2010	USD		3,100,000		4.00	%	3 Month LIBOR	(110,373	)
Bank of America, N.A.(2)	12/15/2015	USD		6,300,000		4.00	%	3 Month LIBOR	222,037
Bank of America, N.A.(1)	12/15/2010	USD		2,300,000		4.00	%	3 Month LIBOR	(81,933	)
Morgan Stanley (2)	12/15/2010	USD		1,100,000		4.00	%	3 Month LIBOR	(37,733	)
Barclays Capital (2)	12/15/2007	USD		500,000		4.00	%	3 Month LIBOR	(6,020	)
Merrill Lynch & Co.(2)	12/15/2014	EUR		3,900,000		4.00	%	6 Month LIBOR	(66,406	)
Goldman Sachs (2)	12/15/2007	USD		1,500,000		4.00	%	3 Month LIBOR	(24,041	)
UBS AG(1)	10/15/2010	EUR		100,000		2.15	%	6 Month LIBOR	165
Merrill Lynch & Co. (2)	6/15/2015	JPY		50,000,000		1.50	%	6 Month LIBOR	3,150
Barclays Capital (2)	6/15/2012	JPY		20,000,000		2.00	%	6 Month LIBOR	1,407
									($ 131,250	)

(1) Porfolio pays the floating rate and receives the fixed rate.

(2) Portfolio pays the fixed rate and receives the floating rate.

Credit default swap agreements outstanding at October 31, 2005 were as follows:

Counter Party	Termination Date	Notional Amount		Fixed Rate			Underlying Bond	Unrealized Appreciation (Depreciation)
Morgan Stanley & Co.(1)	12/20/2008	$	200,000		0.26	%	Allstate Corp,, 6.125%, due 02/15/12		($ 471	)
UBS AG(1)	12/20/2008		300,000		0.35	%	AutoZone, Inc., 5.875%, due 10/15/12		1,050
Lehman Brothers (1)	12/20/2008		100,000		0.24	%	Costco Wholesale Corp., 5.50%, due 3/15/07		(353	)
Goldman Sachs (2)	6/20/2010		3,500,000		0.40	%	Dow Jones CDX IG4 Index		(1,060	)
Bank of America Securities LLC (2)	6/20/2010		2,000,000		0.40	%	Dow Jones CDX IG4 Index		19,229
Barclays Bank PLC(1)	6/20/2010		300,000		0.40	%	Dow Jones CDX IG4 Index		896
Bear Sterns International Ltd. (2)	6/20/2010		1,700,000		0.40	%	Dow Jones CDX IG4 Index		4,894
Bank of America Securities LLC (1)	12/20/2008		100,000		0.13	%	E.I. DuPont, 6.875%, due 10/15/09		58
Citigroup (1)	12/20/2008		200,000		0.28	%	Eaton Corp., 5.75%, due 7/15/12		(766	)
Barclays Bank PLC(1)	12/20/2008		200,000		0.16	%	Eli Lilly & Co., 6.00%, due 3/15/12		(649	)
Morgan Stanley & Co.(1)	12/20/2008		100,000		0.21	%	Emerson Electric Co.,6.48%,due 10/15/12		(177	)
Citigroup (1)	12/20/2008		100,000		0.29	%	FedEx Corp., 7.25%, due 2/15/11		(383	)
Lehman Brothers (1)	12/20/2008		100,000		0.97	%	Goodrich Corp., 7.625%, due 12/15/12		(1,936	)
Bear Sterns International Ltd. (1)	12/20/2008		200,000		0.32	%	Hewlett Packard Co., 6.50% due 7/1/12		(883	)
Lehman Brothers (1)	12/20/2008		200,000		0.12	%	Home Depot, Inc. 5.375%, due 4/1/06		(118	)
Merrill Lynch & Co.(1)	12/20/2008		100,000		0.32	%	Ingersoll-Rand Co.,6.48%,due 6/1/25		(619	)
Lehman Brothers (1)	12/20/2008		200,000		0.11	%	Johnson & Johnson, 3.80%, due 5/15/13		(354	)
Lehman Brothers (1)	12/20/2008		100,000		0.53	%	Lockheed Martin Corp., 8.20%, due 12/1/09		(1,148	)
Lehman Brothers (1)	12/20/2008		100,000		0.30	%	Masco Corp., 5.875%, due 7/15/12		(59	)
Lehman Brothers (1)	12/20/2008		100,000		0.48	%	Northrop & Grumman Corp., 7.125%, due 2/15/1		(1,060	)
Lehman Brothers (1)	6/20/2009		500,000		0.40	%	People-s Republic of China, 6.80%, due 5/23/		(3,835	)
Lehman Brothers (1)	12/20/2008		100,000		0.35	%	RadioShack Corp., 7.375%, due 5/15/11		1,192
Morgan Stanley & Co.(1)	9/20/2010		200,000		2.70	%	Republic of Turkey, 11.875%, due 01/15/30		(5,473	)
Merrill Lynch & Co.(2)	3/20/2007		400,000		0.61	%	Russian Federation, 2.25%, due 03/31/30		631
Citigroup (1)	12/20/2008		300,000		0.15	%	Walmart Stores, Inc.,6.875%, due 8/10/09		(442	)
Barclays Bank PLC(1)	12/20/2008		100,000		0.67	%	Walt Disney Co. (The), 6.375%, due 3/12/12		(996	)
Lehman Brothers (1)	12/20/2008		100,000		0.29	%	Whirlpool Corp., 8.60%, due 5/1/10		350
								$	7,518

(1) Portfolio pays the fixed rate and receives from the counterparty, par in the event that the underlying bond defaults.

(2) Portfolio pays the counterparty par in the event that the underlying bond defaults and receives the fixed rate.

Strategic Partners Asset Allocation Funds

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	LONG-TERM INVESTMENTS —93.5%
	Common Stocks —93.4%
	Aerospace & Defense —2.3%
675	Alliant Techsystems, Inc. (a)	$	47,399
35,200	BAE Systems PLC (United Kingdom)		205,915
10,600	Boeing Co. (The)		685,184
7,315	DRS Technologies, Inc. (a)		360,337
20,000	Empresa Brasileira de Aeronautica SA ADR (Brazil)		775,800
925	Esterline Technologies Corp.		34,826
6,519	General Dynamics Corp.		758,160
22,800	Lockheed Martin Corp.		1,380,768
10,600	Moog, Inc. (Class A shares)		314,290
9,400	Northrop Grumman Corp.		504,310
23,000	Raytheon Co.		849,850
			5,916,839
	Auto Components —0.7%
4,300	Autoliv, Inc.		184,728
3,900	Compagnie Generale des Establissements Michelin (Class B Shares) (France)		210,515
41,700	Delphi Corp.		16,836
500	Georg Fischer AG (Switzerland) (a)		154,729
49,200	GKN PLC (United Kingdom) (a)		242,312
3,800	Johnson Controls, Inc.		258,590
7,100	Lear Corp.		216,266
4,800	Magna International, Inc. (Class A shares)		334,656
925	Monro Muffler Brake, Inc. (a)		27,704
3,500	Valeo SA (France)		131,081
5,400	Visteon Corp.		44,982
30,000	Yokohama Rubber Co. Ltd. (Japan)		155,491
			1,977,890
	Automobiles —1.1%
5,800	Bayerische Motoren Werke (BMW) AG (Germany)		251,627
8,300	Honda Motor Co. Ltd. (Japan)		461,607
28,200	Nissan Motor Co. Ltd. (Japan)		295,639
4,200	PSA Peugeot Citroen (France)		255,198
2,000	Renault SA (France) (a)		173,176
30,800	Toyota Motor Corp. (Japan)		1,428,211
5,200	Winnebago Industries		152,464
			3,017,922
	Beverages —0.3%
7,800	Asahi Breweries Ltd. (Japan)		97,503
9,900	Coca-Cola Co. (The)		423,522
6,100	Coca-Cola Enterprises, Inc.		115,290
3,900	PepsiCo, Inc.		230,412
			866,727
	Biotechnology —2.1%
23,759	Amgen, Inc. (a)		1,799,982
28,500	Genentech, Inc. (a)		2,582,100
10,540	Genzyme Corp. (a)		762,042
10,480	Illumina, Inc. (a)		163,173
12,275	Serologicals Corp. (a)		239,117
200	Syngenta AG (Switzerland)		21,437
			5,567,851
	Building Materials —0.1%
1,000	Ciments Francais SA (France) (a)		113,194
200	Sika AG (Switzerland)		142,397
2,696	US Concrete, Inc.		16,446
700	USG Corp. (a)		41,384
			313,421
	Building Products —0.3%
300	Masco Corp.		8,550

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Building Products (cont’d)
106,500	Pilkington PLC (United Kingdom)	$	288,885
8,075	Watsco, Inc.		458,902
775	York International Corp.		43,485
			799,822
	Business Services —0.1%
12,080	TNS, Inc. (a)		212,366
	Capital Markets —2.5%
1,500	Bank of New York Co., Inc. (The)		46,935
1,300	E*trade Group Corp. (a)		24,115
13,600	Goldman Sachs Group, Inc.		1,718,632
6,864	Lehman Brothers Holdings, Inc.		821,415
11,400	Mellon Financial Corp.		361,266
6,600	Merrill Lynch & Co., Inc.		427,284
8,600	Morgan Stanley Dean Witter & Co.		467,926
4,600	State Street Corp.		254,058
29,100	UBS AG (Switzerland)		2,481,250
			6,602,881
	Chemicals —1.5%
5,300	Air Products & Chemicals, Inc.		303,372
5,500	BASF AG (Germany)		396,478
7,300	Bayer AG (Germany)		253,450
35,700	Denki Kagaku Kogyo KK (Japan)		130,852
700	Dow Chemical Co.		32,102
1,600	Du Pont (E.I.) de Nemours		66,704
900	Givaudan SA (Switzerland)		580,060
33,100	Mitsubishi Chemical Corp. (Japan)		205,862
7,400	Monsanto Co.		466,274
7,200	Nalco Holdings Co.		122,400
700	PPG Industries, Inc.		41,979
12,900	Praxair, Inc. (a)		637,389
3,400	Rohm and Haas Co.		148,002
3,400	Scotts Co. (The) (Class A shares)		298,486
2,800	Tokyo Ohka Kogyo Co. Ltd. (Japan)		68,226
6,300	Valspar Corp.		138,915
			3,890,551
	Commercial Banks —5.5%
9,962	ABN AMRO Holding NV (Netherlands)		235,556
4,700	Alliance & Leicester PLC (United Kingdom)		69,381
2,200	Allied Irish Banks PLC (Ireland) (a)		46,457
10,850	Astoria Financial Corp.		303,257
1,500	Banche Popolari Unite Scrl (Italy)		31,747
9,200	Banco Bilbao Vizcaya Argentaria SA (Spain)		162,189
11,500	Banco Santander Central Hispano SA (Spain)		146,643
37,000	Bank of America Corp.		1,618,380
71,200	Bank of Fukuoka Ltd. (The) (Japan) (a)		553,311
33,200	Bank of Yokohama Ltd. (The) (Japan)		270,314
6,700	BankUnited Financial Corp. (Class A shares)  (a)		158,924
106,500	Barclays PLC (United Kingdom)		1,055,631
1,000	BB & T Corp. (a)		42,340
5,900	BNP Paribas (France)		447,232
8,330	Boston Private Financial Holdings, Inc.		241,153
33,900	Bradford & Bingley PLC (United Kingdom)		208,661
219,100	China Construction Bank (Class H shares) (China)		66,419
6,100	Commonwealth Bank of Australia (Australia)		177,629
500	Compass Banshares, Inc.		24,380
5,600	Credit Agricole SA (France)		164,092
5,200	Danske Bank SA (Denmark)		163,047
12,600	Dexia (Belgium)		272,111
33,300	HBOS PLC (United Kingdom)		491,864
9,900	ICICI Bank Ltd. (India)		234,135
7,000	Irish Life & Permanent PLC (Ireland)		123,321
17,800	KeyCorp		573,872

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Commercial Banks (cont’d)
128,000	Lloyds TSB Group PLC (United Kingdom)	$	1,046,710
500	Marshall & Ilsley Corp.		21,480
1,050	MB Financial, Inc.		39,133
1,500	Natexis Banques Populaires (France) (a)		225,608
48,400	Nordea  Bank AB (Sweden)		474,105
14,100	North Fork Bancorporation, Inc.		357,294
9,500	OKO Bank (Finland)		107,477
5,300	Oriental Financial Group, Inc. (Puerto Rico)		65,826
9,590	PrivateBancorp, Inc.		325,772
3,200	Republic Bancorp, Inc.		43,680
20,700	Royal Bank of Scotland Group PLC (United Kingdom)		573,036
18,400	San Paolo - IMI SpA (Italy)		265,280
1,100	Societe Generale (France)		125,568
52,300	Sumitomo Trust & Banking Co. Ltd. (The) (Japan)		445,247
800	TCF Financial Corp.		21,680
22,900	U.S. Bancorp		677,382
2,100	UCBH Holdings, Inc.		36,540
11,000	UnionBanCal Corp.		753,280
900	Verwalt & Privat-Bank AG (Germany) (a)		142,048
2,400	Wachovia Corp.		121,248
10,400	Wells Fargo & Co.		626,080
1,300	Zions Bancorporation		95,511
			14,472,031
	Commercial Services & Supplies —2.6%
10,800	Administaff, Inc.		457,056
19,900	Allied Waste Industries, Inc. (a)		161,986
20,030	Amn Healthcare Services, Inc.		330,495
9,290	Barrett Business Services, Inc.		248,043
550	CB Richard Ellis Group, Inc. (a)		26,868
48,500	Cendant Corp.		844,870
500	Consolidated Graphics, Inc. (a)		19,495
1,300	Dollar Thrifty Automotive Group, Inc. (a)		49,010
16,760	FirstService Corp. (Canada)		391,681
20,380	Global Payments, Inc.		873,283
1,625	Healthcare Services Group, Inc.		30,290
19,800	Interserve PLC (United Kingdom)		118,982
8,300	Kelly Services, Inc. (Class A shares)		229,744
6,440	Laureate Education, Inc.		318,136
14,335	McGrath Rentcorp		409,264
5,740	Providence Service Corp. (The)		177,194
9,200	Republic Services, Inc.		325,220
17,420	Rollins, Inc.		331,328
300	School Specialty, Inc. (a)		10,170
16,680	Scientific Games Corp. (Class A shares)		499,733
30,560	Shanks Group PLC (United Kingdom)		84,653
9,320	Steiner Leisure Ltd. (Bahamas)		317,719
375	Strayer Education, Inc.		33,566
1,750	Team, Inc.		44,450
1,600	Tyler Technologies, Inc. (a)		13,024
1,125	Waste Connections, Inc. (a)		37,541
18,400	Waste Management, Inc.		542,984
			6,926,785
	Communication Equipment —1.3%
55,600	Cisco Systems, Inc. (a)		970,220
6,800	Comverse Technology, Inc. (a)		170,680
12,000	Corning, Inc. (a)		241,080
225	F5 Networks, Inc. (a)		11,707
3,700	Juniper Networks, Inc. (a)		86,321
35,469	Motorola, Inc.		785,993
525	NETGEAR, Inc. (a)		10,264

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Communication Equipment (cont’d)
27,791	QUALCOMM, Inc.	$	1,104,970
			3,381,235
	Computers & Peripherals —1.7%
13,862	Apple Computer, Inc. (a)		798,312
12,500	Cadence Design System, Inc. (a)		199,750
11,500	Dell, Inc. (a)		366,620
700	EMC Corp. (a)		9,772
23,400	Hewlett-Packard Co.		656,136
5,000	International Business Machines Corp.		409,400
11,128	Logitech International SA (Switzerland) (a)		421,610
10,120	M-Systems Flash Disk Pioneers (Israel) (a)		320,703
14,910	Merge Technologies, Inc. (a)		343,974
1,600	NCR Corp. (a)		48,352
20,740	Optimal Group, Inc., (Class A shares) (Canada)		387,216
32,800	Western Digital Corp. (a)		396,880
			4,358,725
	Construction & Engineering —0.3%
12,123	Frankport AG (Germany)		613,988
7,000	Skanska AB (Sweden) (a)		98,018
10,900	Taiheiyo Cement Corp. (Japan)		39,391
			751,397
	Construction Materials —0.4%
70,600	CSR Ltd. (Australia)		154,601
25,000	Hanson PLC (United Kingdom)		253,332
8,800	Headwaters, Inc. (a)		280,192
4,400	Herman Miller, Inc.		120,604
5,100	JS Group Corp. (Japan)		86,661
12,000	Sumitomo Osaka Cement Co. Ltd. (Japan)		33,892
			929,282
	Consumer Finance —0.8%
1,500	Capital One Financial Corp.		114,525
32,000	MBNA Corp.		818,240
20,800	SLM Corp.		1,155,024
			2,087,789
	Containers & Packaging
500	Temple-Inland, Inc.		18,415
	Distributors —0.2%
1,840	Building Materials Holding Corp.		156,419
58,800	Marubeni Corp. (Japan)		275,579
			431,998
	Diversified Consumer Services
1,050	Regis Corp.		40,278
	Diversified Financial Services —4.4%
7,400	Accredited Home Lenders Holding Co. (a)		267,436
3,100	AMBAC Financial Group, Inc.		219,759
39,500	AmeriCredit Corp.		882,825
120	Ameriprise Financial, Inc.		4,466
4,900	Ameritrade Holding Corp. (a)		103,047
4,000	Chicago Mercantile Exchange Holding, Inc.		1,460,600
15,200	CIT Group, Inc.		695,096
36,800	Citigroup, Inc.		1,684,704
5,900	Deutsche Boerse AG (Germany)		555,063
5,000	Deutsche Boerse AG (Germany) (a)		468,175
15,800	Eaton Vance Corp.		393,262
18,800	Euronext NV (Netherlands)		798,720
650	Financial Federal Corp.		24,817
159,700	Hong Kong Exchanges and Clearing Ltd. (Hong Kong)		533,563
16,800	ING Groep NV (Netherlands)		484,222
16,600	Japan Securities Finance Co. Ltd. (Japan)		191,989
10,800	Jefferies Group, Inc.		458,568
6,000	Moody’s Corp.		319,560
6,960	Portfolio Recovery Associates, Inc. (a)		270,744

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments

As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Diversified Financial Services (cont’d)
14,600	Principal Financial Group	$	724,598
11,100	Raymond James Financial, Inc.		377,733
4,500	Sanyo Electric Credit Co. Ltd. (Japan)		85,020
1,400	STUDENT LOAN CORP. (The)		306,880
10,700	Suncorp-Metway Ltd. (Australia)		154,501
3,100	Takefuji Corp. (Japan)		216,953
			11,682,301
	Diversified Operations —0.1%
152,200	China Merchants Holdings International Co. Ltd.    (Hong Kong)		295,482
14,600	IFIL - Investments SpA (Italy)		60,060
			355,542
	Diversified Telecommunication Services —2.7%
3,800	A T & T Corp.		75,164
41,300	America Movil ADR Series L (Mexico)		1,084,125
128,000	BT Group PLC (United Kingdom)		482,574
725	Dycom Industries, Inc.		14,449
14,300	Koninklijke (Royal) KPN NV (Netherlands)		136,075
3,300	Lucent Technologies, Inc. (a)		9,405
800	MCI, Inc.		15,920
100	Nippon Telegraph and Telephone Corp. (Japan)		478,001
8,820	SafeNet, Inc. (a)		292,559
29,000	SBC Communications, Inc.		691,650
208,200	Singapore Telecommunications Ltd. (Singapore)		286,853
1,925	Sonus Networks, Inc.		8,393
16,061	Sprint Nextel Corp.		374,382
600	Swisscom AG (Switzerland)		197,541
1,125	Synaptics, Inc. (a)		26,134
43,800	Tandberg ASA (Norway)		430,774
11,300	TDC A/S (Denmark)		632,410
73,000	Telestra Corp. Ltd. (Australia)		230,186
2,700	Telewest Global, Inc. (a)		61,587
2,400	Tellabs, Inc. (a)		22,944
26,100	Verizon Communications, Inc.		822,411
23,200	Vodafone Group PLC ADR (United Kingdom)		609,232
			6,982,769
	Education —0.1%
6,080	Universal Technical Institute, Inc. (a)		190,486
	Electric Utilities —2.2%
4,400	Consolidated Edison, Inc.		200,200
4,100	Edison International		179,416
14,100	Endesa SA (Spain)		350,637
37,000	Energias de Portugal SA (Portugal) (a)		104,649
6,800	Entergy Corp.		480,896
11,200	FirstEnergy Corp.		532,000
33,200	FPL Group, Inc.		1,429,592
10,300	Hokkaido Electric Power Co., Inc. (Japan)		213,107
6,200	Kyushu Electric Power Co., Inc. (Japan)		133,031
4,000	Northeast Utilities		72,760
12,200	PG&E Corp.		443,836
3,200	Pinnacle West Capital Corp.		133,632
10,050	PNM Resources, Inc.		254,767
8,000	PPL Corp.		250,720
33,300	Scottish Power PLC (United Kingdom)		325,945
2,500	Tohoku Electric Power Co., Inc. (Japan)		51,005
2,300	TXU Corp.		231,725
5,400	Union Fenosa SA (Spain)		178,617
8,820	Viridian Group PLC (United Kingdom)		121,613
2,350	Westar Energy, Inc.		51,935

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Electric Utilities (cont’d)
7,300	Xcel Energy, Inc. (a)	$	133,809
			5,873,892
	Electrical Equipment —0.1%
700	Duke Energy Corp.		18,536
3,900	Emerson Electric Co.		271,245
			289,781
	Electronic Equipment & Instruments —1.5%
8,700	Agilent Technologies, Inc. (a)		278,487
9,000	Alps Electric Co. Ltd. (Japan)		143,174
10,700	Avnet, Inc. (a)		246,635
11,360	Axsys Technologies, Inc.		215,499
14,100	Checkpoint Systems, Inc.		338,400
6,700	CMK Corp. (Japan)		112,134
20,600	FLIR Systems, Inc. (a)		431,776
34,000	Hitachi Ltd. (Japan)		209,363
9,400	Hosiden Corp. (Japan)		90,892
8,020	Intermagnetics General Corp.		229,773
5,490	Itron, Inc. (a)		238,595
5,400	Jabil Circuit, Inc. (a)		161,190
250	MTS Systems Corp.		9,990
8,700	Ricoh Co. Ltd. (Japan)		138,253
60,900	Sanmina-SCI Corp. (a)		222,285
12,000	Secom Co. Ltd. (Japan)		598,739
31,630	SRS Labs, Inc.		186,617
13,475	TT Electronics PLC (United Kingdom) (a)		35,061
			3,886,863
	Energy Equipment & Services —0.8%
1,300	Baker Hughes, Inc.		71,448
2,500	Helmerich & Payne, Inc.		138,500
3,090	Hydril Co. (a)		204,991
8,300	Oceaneering International, Inc. (a)		399,396
1,100	Rowan Cos., Inc.		36,289
8,900	Schlumberger Ltd.		807,853
13,270	Superior Energy Services, Inc.		270,442
4,890	Unit Corp. (a)		256,236
			2,185,155
	Exchange Traded Funds —0.1%
260	iShares Russell 1000 Value Index Fund		17,399
1,850	iShares Russell 2000 Value Index Fund		118,715
			136,114
	Financial - Bank & Trust
4,300	Fortis (Belgium)		122,392
	Food & Staples Retailing —1.8%
2,900	7-Eleven, Inc. (a)		108,489
43,600	Albertson’s, Inc.		1,094,796
12,700	Boots Group PLC (United Kingdom) (a)		138,471
10,100	Carrefour SA (France)		449,072
12,390	Cosi, Inc.		108,412
36,200	CVS Corp.		883,642
14,500	Kroger Co. (The)  (a)		288,550
900	Sysco Corp.		28,719
99,100	Tesco PLC (United Kingdom)		527,538
7,100	Wal-Mart Stores, Inc.		335,901
14,100	Walgreen Co.		640,563
			4,604,153
	Food Products —1.3%
14,400	Archer-Daniels-Midland Co.		350,928
63,700	Cadbury Schweppes PLC (United Kingdom)		626,886
500	Campbell Soup Co.		14,550
282,300	Chaoda Modern Agriculture Holdings Ltd. (a)		106,517
1,825	Corn Products International, Inc.		43,453
11,800	Dairy Crest Group PLC (United Kingdom)		94,092

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Food Products (cont’d)
1,500	Danisco AS (Denmark) (a)	$	95,751
500	H.J. Heinz Co.		17,750
5,200	Hershey Foods Corp.		295,516
300	Kellogg Co.		13,251
15,900	Kraft Foods, Inc. (Class A shares)		449,970
46,600	Northern Foods PLC (United Kingdom)		124,136
18,700	Sara Lee Corp.		333,795
20,300	Tate & Lyle PLC (United Kingdom)		166,541
16,900	Unilever PLC, ADR (United Kingdom)		686,140
			3,419,276
	Gas Utilities —0.2%
9,200	Oneok, Inc.		264,408
83,000	Osaka Gas Co. Ltd. (Japan)		303,479
			567,887
	Health Care Equipment & Supplies —2.2%
1,000	Bausch & Lomb, Inc.		74,190
3,800	Boston Scientific Corp. (a)		95,456
9,100	Cooper Cos., Inc.		626,444
4,300	Edwards Lifesciences Corp. (a)		177,934
50,950	Encore Medical Corp.		255,259
2,800	Guidant Corp.		176,400
1,125	Invacare Corp.		38,014
5,220	IRIS International, Inc.		122,409
10,000	Lifeline Systems, Inc. (a)		330,000
29,157	Medtronic, Inc.		1,652,036
6,000	Nipro Corp. (Japan)		90,576
6,750	NuVasive, Inc. (a)		117,652
45,740	Orthovita, Inc.		173,812
11,058	PolyMedica Corp.		365,024
6,540	SonoSite, Inc.		192,211
26,500	Spectranetics Corp.		263,410
9,900	St. Jude Medical, Inc. (a)		475,893
8,220	Symmetry Medical, Inc.		181,991
9,820	Syneron Medical Ltd. (Israel)		352,931
400	Zimmer Holdings, Inc. (a)		25,508
			5,787,150
	Health Care Providers & Services —3.6%
4,600	Aetna, Inc. (a)		407,376
5,250	Amedisys, Inc. (a)		200,602
10,300	American Healthways, Inc. (a)		417,768
10,700	AMERIGROUP Corp. (a)		178,904
4,900	AmerisourceBergen Corp.		373,723
6,190	Chemed Corp.		297,615
10,700	Covance, Inc.		520,555
36,340	Five Star Quality Care		244,932
8,800	HCA, Inc.		424,072
8,300	Humana, Inc.		368,437
7,470	LabOne, Inc. (a)		327,709
6,600	Matria Healthcare, Inc.		221,298
5,400	McKesson Corp.		245,322
650	Pediatrix Medical Group, Inc. (a)		50,089
12,100	Pharmaceutical Product Development, Inc. (a)		695,387
9,800	Quest Diagnostics, Inc.		457,758
11,500	Sunrise Senior Living, Inc.		371,910
55,100	Tenet Healthcare Corp. (a)		463,942
1,050	Triad Hospitals, Inc. (a)		43,187
51,500	UnitedHealth Group, Inc.		2,981,335

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Health Care Providers & Services (cont’d)
4,000	Wellpoint, Inc. (a)	$	298,720
			9,590,641
	Hotels, Restaurants & Leisure —2.7%
8,200	Brinker International, Inc. (a)		312,584
2,200	Carnival Corp.		109,274
6,200	CEC Entertainment, Inc. (a)		209,622
28,310	Century Casinos, Inc.		212,891
2,700	Choice Hotels Intrenational, Inc.		89,343
12,000	Darden Restaurants, Inc.		389,040
9,321	Harrah’s Entertainment, Inc.		563,734
4,500	Hilton Hotels Corp.		87,525
1,200	International Game Technology		31,788
500	Marriott International, Inc. (Class A shares)		29,810
10,700	McDonald’s Corp.		338,120
26,600	MGM Mirage  (a)		994,042
30,900	Mitchells & Butlers PLC (United Kingdom)		198,400
8,000	Sonic Corp. (a)		231,520
17,578	Starbucks Corp. (a)		497,106
900	Starwood Hotels & Resorts Worldwide, Inc.		52,587
2,775	Triarc Cos., Inc. (Class B shares)		41,264
9,700	TUI AG (Germany)		188,441
14,300	Wynn Resorts Ltd. (a)		667,524
35,009	Yum! Brands, Inc.		1,780,908
			7,025,523
	Household Durables —2.6%
7,400	Alpine Electronics, Inc. (Japan)		111,863
200	Centex Corp.		12,870
6,500	Electrolux AB Series B (Sweden)		151,423
5,900	Harman International Industries, Inc.		589,174
17,300	Hitachi Koko Co. Ltd. (Japan)		235,446
15,800	Hovnanian Enterprises, Inc. (Class A shares)  (a)		710,842
5,950	Jacuzzi Brands, Inc. (a)		43,911
5,874	KB Home		383,866
43,337	Lennar Corp. (Class A shares)		2,408,670
2,600	Lennar Corp. (Class B shares)		134,290
3,214	MDC Holdings, Inc.		220,480
7,200	Meritage Homes Corp. (a)		448,344
8,300	Snap-On, Inc.		298,966
13,300	Standard - Pacific Corp.		513,114
35,900	Taylor Woodrow PLC (United Kingdom)		198,890
7,000	Toll Brothers, Inc. (a)		258,370
			6,720,519
	Household Products —1.4%
2,700	American Greetings Corp. (Class A shares)		68,175
7,760	Central Garden & Pet Co.		332,671
7,000	Colgate-Palmolive Co.		370,720
6,400	Energizer Holdings, Inc. (a)		323,136
9,080	Jarden Corp. (a)		306,813
700	Kimberly-Clark Corp.		39,788
38,060	Procter & Gamble Co.		2,130,980
			3,572,283
	Industrial Conglomerates —1.9%
4,100	3M Co.		311,518
80,000	Citic Pacific Ltd. (Hong Kong)		206,912
92,954	General Electric Co.		3,152,070
48,900	Tyco International Ltd. (Bermuda)		1,290,471
			4,960,971
	Insurance —5.4%
4,900	AFLAC, Inc.		234,122
6,700	Allmerica Financial Corp. (a)		255,270
700	Allstate Corp. (The)		36,953
3,200	American International Group, Inc.		207,360

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Insurance (cont’d)
1,800	Aon Corp.	$	60,930
4,500	Assurant, Inc.		171,900
28,400	Aviva PLC (United Kingdom)		335,288
3,500	Baloise Holding (Switzerland)		178,346
100	Chubb Corp. (The)		9,297
2,800	CNP Assurances (France)		194,796
5,700	Commerce Group, Inc.		323,874
5,750	Delphi Financial Group, Inc. (Class A shares)		269,330
41,300	Genworth Financial, Inc. (Class A shares)		1,308,797
4,900	Hartford Financial Service Group, Inc.		390,775
2,637	HCC Insurance Holdings, Inc. (a)		79,110
1,275	Hilb, Rogal & Hobbs Co.		47,749
91,200	Legal & General PLC (United Kingdom)		173,128
3,000	Lincoln National Corp.		151,830
4,100	Loews Corp. (a)		381,218
7,400	MBIA, Inc.		430,976
27,700	MetLife, Inc.		1,368,657
40	Millea Holdings, Inc. (Japan)		723,652
103,800	Old Mutual PLC (United Kingdom) (a)		242,060
7,500	Philadelphia Consolidated Holding Corp. (a)		721,950
3,885	Progressive Corp. (The)		449,922
5,400	Protective Life Corp.		236,736
38,600	St. Paul Travelers Cos., Inc. (The)		1,738,158
2,400	Torchmark Corp.		126,792
11,710	Tower Group, Inc.		225,652
9,600	United Fire & Casualty Co.		432,192
72,200	UnumProvident Corp.		1,464,938
2,200	W.R. Berkely Corp.		96,140
18,700	Willis Group Holdings Ltd. (United Kingdom)		694,518
400	XL Capital Ltd. (Class A shares)		25,624
2,200	Zurich Financial Services AG (Switzerland) (a)		375,212
			14,163,252
	Internet Software & Services —1.8%
22,400	Amdocs Ltd. (a)		592,928
14,800	Check Point Software Technologies Ltd. (Israel) (a)		330,928
39,120	CyberSource Corp. (a)		262,104
31,670	Digitas, Inc.		342,036
8,160	Equinix, Inc.		301,022
2,000	Google, Inc. (Class A shares)  (a)		744,280
7,490	Infospace, Inc. (a)		188,149
9,100	j2 Global Communications, Inc. (a)		402,311
27,580	Keynote Systems, Inc.		359,367
33,540	Online Resources Corp. (a)		402,480
11,480	Openwave Systems, Inc. (a)		205,148
16,670	RADVision Ltd. (Israel) (a)		216,710
14,650	Valueclick, Inc. (a)		256,375
1,075	Vignette, Corp.		17,856
13,190	WebSideStory, Inc. (a)		229,374
			4,851,068
	IT Services —0.9%
1,400	Affiliated Computer Services, Inc. (Class A shares)		75,754
4,500	Checkfree Corp. (a)		191,250
5,500	Computer Sciences Corp. (a)		281,875
78,100	Electronic Data Systems Corp.		1,820,511
			2,369,390
	Leisure Equipment & Products —0.3%
19,800	Eastman Kodak Co.		433,620
900	Hasbro, Inc.		16,956
2,675	K2, Inc. (a)		26,830
5,600	Mattel, Inc.		82,600

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Leisure Equipment & Products (cont’d)
14,880	Mikohn Gaming Corp.	$	156,091
			716,097
	Machinery —1.5%
1,325	Briggs & Stratton Corp.		42,373
6,600	Bucyrus International, Inc. (Class A shares)		274,230
21,763	Caterpillar, Inc.		1,144,516
200	Danaher Corp.		10,420
2,000	Deere & Co.		121,360
3,100	Eaton Corp.		182,373
7,400	Harsco Corp.		475,450
1,600	ITT Industries, Inc.		162,560
800	Joy Global, Inc.		36,696
4,400	MAN AG (Germany) (a)		204,231
1,200	Nordson Corp.		44,604
40,900	NSK Ltd. (Japan)		238,606
11,320	Presstek, Inc.		116,030
500	Rieter Holdings AG (Switzerland)		142,708
13,200	SPX Corp.		567,864
1,600	Stork NV (Netherlands)		59,462
400	Sulzer AG (Switzerland) (a)		192,345
			4,015,828
	Manufacturing —0.1%
13,320	Hexel Corp. (a)		210,722
	Media —2.5%
18,200	Comcast Corp. (Class A shares)		506,506
3,300	Comcast Corp. (Special Class A shares)  (a)		90,453
2,200	DirectTV Group Inc. (The)  (a)		31,284
18,600	Disney (Walt) Co.		453,282
1,100	EchoStar Communications Corp. (Class A shares)		29,557
2,200	EW Scripps Co. (Class A shares)		100,760
5,800	Gannett Co., Inc.		363,428
48,700	Liberty Media Corp. (a)		388,139
19,820	Marchex, Inc., (Class B shares)		333,967
3,600	McGraw-Hill Cos., Inc.		176,184
500	New York Times Co. (Class A shares)		13,620
21,400	News Corp. (Class A Shares)		304,950
5,300	Promotora de Informaciones SA (Spain)		97,182
28,600	Rogers Communications, Inc. (Class B shares) (Canada) (a)		1,128,406
11,200	Scholastic Corp. (a)		364,560
24,200	Shaw Communications, Inc. (Canada) (a)		488,672
5,900	Sinclair Broadcast Group, Inc. (Class A shares)		48,911
15,148	Sogecable SA (Spain)		575,668
32,800	Time Warner, Inc. (a)		584,824
17,300	Viacom, Inc. (Class B shares)		535,781
			6,616,134
	Metals & Mining —1.3%
42,600	Alcoa, Inc.		1,034,754
38,800	Bluescope Steel Ltd. (Australia)		247,079
1,000	Boehler-Uddeholm AG (Austria) (a)		151,604
550	Century Aluminum Co.		9,999
272,907	China Shenhua Energy Co. Ltd. (Hong Kong)		299,236
1,650	Gibraltar Industries, Inc.		33,413
1,000	Phelps Dodge Corp.		120,470
11,100	Rautaruukki Oyj (Finland)		226,680
5,900	Salzgitter AG (Germany) (a)		258,228
5,700	Southern Peru Copper Corp.		314,298
11,200	ThyssenKrup AG (Germany)		227,380
13,300	Timken Co.		377,188
3,700	United States Steel Corp.		135,161
			3,435,490
	Miscellaneous —0.4%
33,600	Korea Fund, Inc. (The)		1,069,488

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Multi-Utilities —0.6%
2,900	Alliant Energy Corp.	$	76,705
800	CenterPoint Energy, Inc.		10,592
10,000	CMS Energy Corp. (a)		149,100
4,300	Constellation Energy Group		235,640
5,600	Dominion Resources, Inc.		426,048
2,600	Dynegy, Inc. (a)		11,544
2,900	Public Service Enterprise Group		182,381
2,800	Scana Corp.		111,076
13,200	Suez SA (France)		357,522
2,200	Wisconsin Energy Corp.		83,226
			1,643,834
	Multiline Retail —0.9%
6,200	Benetton Group SpA (Italy)		65,870
70,300	David Jones Ltd. (Australia)		119,673
2,400	Federated Department Stores, Inc.		147,288
25,400	House of Fraser PLC (United Kingdom) (a)		44,958
1,200	Kohl’s Corp.  (a)		57,756
13,700	Next PLC (United Kingdom)		323,483
13,300	Nordstrom, Inc.		460,845
19,400	Target Corp.		1,080,386
			2,300,259
	Oil, Gas & Consumable Fuels —5.8%
1,500	Anadarko Petroleum Corp.		136,065
2,900	Apache Corp.		185,107
6,800	Ashland, Inc.		363,868
13,300	BP PLC (United Kingdom)		146,896
14,500	BP PLC, ADR (United Kingdom)		962,800
5,600	Burlington Resources, Inc.		404,432
15,950	Cabot Oil & Gas Corp.		730,350
12,700	Canadian Natural Resources Ltd. (Canada)		519,247
13,500	ChevronTexaco Corp.		770,445
1,228,100	China Petroleum and Chemical Corp. (China)		491,107
2,400	Cia Espanola de Petroleos (Spain)		115,051
172,900	CNOOC Ltd. (Hong Kong)		112,633
9,700	ConocoPhillips		634,186
58,200	Cosmo Oil Co. Ltd. (Japan)		283,190
2,600	Devon Energy Corp.		156,988
650	Energy Partners Ltd. (a)		16,491
15,100	ENI SpA (Italy)		404,640
6,400	EOG Resources, Inc.		433,792
32,700	ExxonMobil Corp.		1,835,778
550	GMX Resources, Inc.		13,486
29,270	Grey Wolf, Inc. (a)		224,794
8,367	Halliburton Co.		494,490
7,000	Houston Exploration Co. (a)		360,850
7,600	Lukoil, ADR (Russia)		419,140
10,250	Maverick Tube Corp. (a)		317,340
2,600	Norsk Hydro ASA (Norway) (a)		260,106
6,000	Occidental Petroleum Corp.		473,280
8,395	Oil States International, Inc. (a)		277,875
7,730	Patterson-UTI Energy, Inc.		263,825
1,425	Petrohawk Energy Corp.		17,613
12,400	Repsol YPF SA (Spain)		369,142
14,200	Royal Dutch Shell PLC (Class A shares) (Netherlands)		437,873
20,700	Royal Dutch Shell PLC (Class B Shares) (Netherlands)		675,259
30,700	Santos Ltd. (Australia)		251,879
500	Southwestern Energy Co. (a)		36,270
5,400	Sunoco, Inc.		402,300
8,600	Swift Energy Co. (a)		375,476
6,200	Tesoro Corp. (a)		379,130
500	Total SA (Class B Shares) (France)		125,478

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Oil, Gas & Consumable Fuels (cont’d)
1,650	Universal Compression Holdings, Inc. (a)	$	58,823
1,800	Valero Energy Corp.		189,432
1,300	Weatherford International Ltd.		81,380
1,025	Whiting Petroleum Corp. (a)		41,564
			15,249,871
	Paper & Forest Products —0.3%
800	Bowater, Inc.		21,200
2,100	Georgia-Pacific Corp.		68,313
19,900	Hokuetsu Paper Mills Ltd. (Japan)		102,687
3,000	International Paper Co.		87,540
23,900	Rengo Co. Ltd. (Japan)		129,345
1,600	Smurfit-Stone Container Corp. (a)		16,896
6,200	Weyerhaeuser Co.		392,708
			818,689
	Pharmaceuticals —4.8%
700	Abbott Laboratories		30,135
5,920	Alexion Pharmaceuticals, Inc. (a)		162,149
5,000	Allergan, Inc.		446,500
6,395	Amylin Pharmaceuticals, Inc. (a)		214,872
4,200	AstraZeneca PLC (United Kingdom)		188,304
10,750	Atherogenics, Inc.		161,250
6,775	Barr Pharmaceuticals, Inc.		389,224
13,300	Bristol-Meyers Squibb Co.		281,561
1,800	Eli Lilly & Co.		89,622
13,420	First Horizon Pharmaceutical  (a)		193,651
46,800	GlaxoSmithkKine PLC (United Kingdom)		1,216,865
12,790	I-Flow Corp. (a)		154,375
32,767	Johnson & Johnson		2,051,869
29,000	Kaken Pharmaceutical Co. Ltd. (Japan)		205,816
5,600	Kos Pharmaceuticals, Inc. (a)		336,000
900	Medco Health Solutions, Inc. (a)		50,850
15,008	Nabi Biopharmaceuticals		192,853
10,300	Novartis AG (Switzerland)		554,004
11,400	Novo Nordisk SA (Class B Shares) (Denmark)		584,000
54,800	Pfizer, Inc.		1,191,352
8,420	Rigel Pharmaceuticals, Inc.		189,029
4,300	Roche Holding AG (Switzerland)		642,324
12,000	Rohto Pharmaceutical Co. Ltd. (Japan) (a)		111,080
12,800	Rohto Pharmaceutical Co. Ltd. W/I (Japan)		118,533
16,320	Salix Pharmaceuticals Ltd. (a)		292,781
11,100	Sanofi-Aventis SA (France)		888,628
2,500	Sepracor, Inc. (a)		140,625
26,000	Tanabe Seiyaku Co. Ltd. (Japan)		250,383
20,500	Teva Pharmaceutical Industries Ltd., ADR (Israel)		781,460
300	Watson Pharmaceuticals, Inc. (a)		10,368
9,300	Wyeth		414,408
			12,534,871
	Real Estate Investment Trust —1.5%
13,200	Apartment Investment & Management Co. (Class A shares)		506,880
3,850	Ashford Hospitality Trust		40,425
1,100	Camden Property Trust		61,985
1,100	CarrAmerica Realty Corp.		36,223
800	Centerpoint Properties Trust		36,448
1,200	Duke Realty Corp.		40,920
6,600	Entertainment Properties Trust		264,660
400	Equity Office Properties Trust		12,320
3,500	Equity Residential Properties Trust		137,375
1,050	Healthcare Realty Trust, Inc.		39,732
2,575	Highland Hospitality, Corp.		27,063
11,600	Host Marriot Corp.		194,764
15,520	KKR Financial Corp. (a)		346,406
1,200	Liberty Property Trust		50,028
2,500	Mack-Cali Realty Corp.		106,625

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Real Estate Investment Trust (cont’d)
3,075	MFA Mortgage Investments, Inc.	$	17,681
17,000	New Century Financial Corp.		524,790
9,400	Plum Creek Timber Co.		365,660
6,300	ProLogis		270,900
525	Redwood Trust, Inc.		24,439
600	Simon Property Group, Inc.		42,972
4,500	SL Green Realty Corp.		306,135
6,669	St. Joe Co. (The)		439,821
			3,894,252
	Road & Rail —0.3%
2,400	CSX Corp.		109,944
10,189	Union Pacific Corp.		704,875
			814,819
	Semiconductors & Semiconductor Equipment —1.4%
15,170	Advanced Analogic Technologies, Inc.		165,353
3,700	Advanced Mirco Devices, Inc. (a)		85,914
400	Agere Systems, Inc. (a)		4,160
1,600	Altera Group, Inc.		26,640
1,900	Analog Devices, Inc.		66,082
1,575	ATMI, Inc. (a)		43,013
14,200	Freescale Semiconductor, Inc. (Class B shares)		339,096
50,700	Intel Corp.		1,191,450
8,040	Microsemi Corp. (a)		186,287
11,500	National Semiconductor Corp.		260,245
12,900	O2 Micro International Ltd.		168,990
1,100	Teradyne, Inc.		14,894
23,200	Texas Instruments, Inc.		662,360
16,160	Ultratech Stepper, Inc. (a)		222,685
12,900	Volterra Semiconductor Corp.		159,057
			3,596,226
	Software —2.6%
9,100	Autodesk, Inc.		410,683
43,900	BMC Software, Inc. (a)		860,001
20,280	Bottomline Technologies, Inc.		256,542
62,100	Computer Associates International, Inc.		1,736,937
9,400	Concur Technologies, Inc. (a)		126,994
21,840	Epicor Software Corp. (a)		268,195
1,100	Fair Isaac Corp.		45,936
65,700	Microsoft Corp.		1,688,490
10,200	Oracle Corp. (a)		129,336
1,100	Reynolds and Reynolds Co. (Class A shares)		29,194
13,400	Sonic Solutions, Inc. (a)		256,476
2,600	Sybase, Inc.		57,850
4,600	Symantec Corp. (a)		109,710
6,100	Synopsys, Inc.		115,595
32,530	Synplicity, Inc.		232,915
8,790	Ultimate Software Group, Inc. (a)		149,342
11,910	Witness Systems, Inc. (a)		233,436
			6,707,632
	Specialty Retail —2.2%
600	Abercrombie & Fitch Co.		31,194
3,800	AutoNation, Inc. (a)		75,544
3,900	Best Buy Co., Inc.		172,614
6,000	Chico’s FAS, Inc. (a)		237,240
21,500	Circuit City Stores, Inc.		382,485
13,100	CSK Auto Corp. (a)		198,203
17,990	Design Within Reach, Inc. (a)		145,179
56,800	DSG International PLC (United Kingdom)		144,772
16,900	FamilyMart Co. Ltd. (Japan)		502,785
15,908	Home Depot, Inc. (The)		652,864

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Specialty Retail (cont’d)
25,300	Lowe’s Cos., Inc.	$	1,537,481
7,000	Men’s Wearhouse, Inc. (a)		172,900
14,300	Phillips-Van Heusen Corp.		406,835
2,700	Rallye SA (France)		118,172
400	Ross Stores, Inc.		10,816
3,600	Staples, Inc.		81,828
19,000	Stein Mart, Inc.		348,650
1,275	United Auto Group, Inc.		43,006
8,000	UNY Co. Ltd. (Japan)		99,714
111,600	Wal-Mart de Mexico SA de CV (Mexico)		543,230
			5,905,512
	Textiles, Apparel & Luxury Goods —1.0%
3,100	Adidas-Salomon AG (Germany)		520,091
44,600	Burberry Group PLC (United Kingdom)		302,743
15,600	Coach, Inc. (a)		502,008
1,300	J. C. Penney Co., Inc.		66,560
18,400	Jones Apparel Group, Inc.		501,952
6,350	Jos. A. Bank Clothiers, Inc. (a)		259,144
49,200	Kurabo Industries Ltd. (Japan)		167,321
3,200	NIKE, Inc. (Class B shares)		268,960
			2,588,779
	Thrifts & Mortgage Finance —1.2%
25,455	Countrywide Financial Corp.		808,705
2,000	Downey Financial Corp.		121,900
2,800	Fannie Mae		133,056
20,500	Freddie Mac		1,257,675
24,000	Washington Mutual, Inc.		950,400
			3,271,736
	Tobacco —1.1%
37,300	Altria Group, Inc. (a)		2,799,365
	Transportation —1.5%
700	Amerco, Inc.		40,831
6,310	American Commerical Lines  (a)		177,437
2,050	Arlington Tankers Ltd. (Bermuda)		45,654
14,400	Arriva PLC (United Kingdom)		146,939
8,872	Burlington Northern Santa Fe Corp.		550,596
18,100	FedEx Corp.		1,663,933
22,800	FirstGroup PLC (United Kingdom)		132,368
1,200	GATX Corp.		44,844
1,700	Genesee & Wyoming, Inc. (Class A shares)  (a)		54,485
2,300	Laidlaw International, Inc.		52,302
750	Landstar System, Inc. (a)		28,890
72,900	Neptune Orient Lines Ltd. (Singapore)		131,268
7,100	Norfolk Southern Corp.		285,420
5,130	Old Dominion Freight Line  (a)		181,551
39,050	Orient Overseas International Ltd. (Hong Kong) (a)		123,919
17,150	Vitran Corp., Inc. (Canada)		296,866
			3,957,303
	Water Utilities —0.2%
17,900	Kelda Group PLC (United Kingdom)		220,514
45,100	Northumbrian Water Group PLC (United Kingdom)		189,590
			410,104
	Wireless Telecommunication Services —0.3%
15,000	American Tower Corp. (Class A shares)		357,750
5,500	Bouygues SA (France)		271,372

STRATEGIC PARTNERS GROWTH ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION	VALUE
	Common Stocks (cont’d)
	Wireless Telecommunication Services (cont’d)
106,100	Mobileone Ltd. (Singapore) (a)	$	125,451
			754,573
	Total Common Stocks   (cost $221,999,042)		245,213,197
	Preferred Stocks —0.1%
	Health Care Providers & Services
1,200	Fresenius AG (Germany)   (cost $142,578)		168,550
	Rights
	Commercial Banks
9,500	OKO Bank- Rights 2005 Exp 11/15/05 (Finland)   (cost $37,489)		181
	Total long-term investments   (cost $222,179,109)		245,381,928
	SHORT-TERM INVESTMENTS —7.0%
	Money Market Mutual Fund
18,502,123	Dryden Core Investment Fund - Taxable Money Market Series (cost $18,502,123) (w)		18,502,123
	Total Investments (o)—100.5%   (cost $240,681,232) (p)		263,884,051
	Liabilities in excess of other assets (u)  —(0.5)%		(1,334,157	)
	Net Assets —100%	$	262,549,894

The following abbreviations are used in portfolio descriptions:
	ADR	American Depositary Receipt
		(a)	Non-income producing security.
		(o)	As of October 31, 2005, 57 securities representing $12,829,641 and 4.9% of the total market value were fair valued in accordance with the policies adopted by the Board of Directors.
		(p)	The United States federal income tax basis of the Fund’s investments was $241,534,662; accordingly, net unrealized appreciation on investments for federal income tax purposes was $22,349,389 (gross unrealized appreciation - $30,273,781; gross unrealized depreciation - $7,924,392). The difference between book and tax basis is primarily attributable to deferred losses on wash sales.
		(u)	Liabilities in excess of other assets includes net unrealized appreciation (depreciation) on forward foreign currency contracts as follows:

Forward foreign currency exchange contracts outstanding at October 31, 2005:

Purchase Contracts

Description	Notional Amount (000)	Value at Settlement Date Payable		Current Value		Unrealized Appreciation (Depreciation)
Pound Sterling, Expiring 12/05/05	800	$	1,474,568	$	1,415,469	$	(59,099	)

Sales Contracts

Description	Notional Amount (000)	Value at Settlement Date Receivable	Current Value		Unrealized Appreciation (Depreciation)
Euros, Expiring 12/02/05	640	$        793,203	$	768,341	$	24,862
Pound Sterling, Expiring 12/05/05	1,500	2,699,775		2,654,005		45,770
Mexican Pesos, Expiring 12/06/05	14,000	1,252,011		1,291,275		(39,264	)
		$     4,744,989	$	4,713,621	$	31,368

(w) Prudential Investments LLC, the manager of the Fund also serves as manager of the Dryden Core Investment Fund-Taxable Money Market Series.

Strategic Partners Asset Allocation Funds

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	LONG-TERM INVESTMENTS —100.8%
	Common Stocks —62.7%
	Aerospace & Defense —1.3%
675		Alliant Techsytstems, Inc.	$	47,399
37,000		BAE Systems PLC ( United Kingdom)		216,445
12,100		Boeing Co. (The)		782,144
6,955		DRS Technologies, Inc. (a)		342,603
925		Esterline Technologies Corp.		34,826
5,400		General Dynamics Corp.		628,020
28,800		Lockheed Martin Corp.		1,744,128
8,850		Moog, Inc. (Class “A” Shares)		262,403
7,900		Northrop Grumman Corp.		423,835
32,200		Raytheon Co.		1,189,790
				5,671,593
	Agriculture/Heavy Equipment
296,100		Chaoda Modern Agriculture Holdings Ltd. ( Japan) (a)		111,724
700		Syngenta AG ( Switzerland)		75,030
				186,754
	Air Freight & Logistics —0.5%
20,800		FedEx Corp.		1,912,144
	Apparel —0.4%
3,200		Adidas-Salomon AG ( Germany)		536,868
46,500		Burberry Group PLC ( United Kingdom)		315,641
4,100		NIKE, Inc. (Class B Shares)		344,605
11,800		Phillips-Van Heusen Corp.		335,710
				1,532,824
	Auto Components —0.2%
54,500		Delphi Corp.		22,004
9,300		Lear Corp.		283,278
6,300		Magna International, Inc. (Class A Shares)		439,236
925		Monro Muffler, Inc. () (a)		27,704
				772,222
	Automobiles —0.7%
6,100		Bayerische Motoren Werke (BMW) AG ( Germany)		264,642
7,400		Honda Motor Co. Ltd. ( Japan)		411,553
29,600		Nissan Motor Co. Ltd. ( Japan)		310,316
4,800		PSA Peugeot Citroen SA (France)		291,655
2,100		Renault SA ( France) (a)		181,835
32,300		Toyota Motor Corp. ( Japan)		1,497,767
4,300		Winnebago Industries, Inc.		126,076
				3,083,844
	Automobiles & Parts —0.4%
6,300		Autoliv, Inc.		270,648
6,700		AutoNation, Inc. (a)		133,196
4,100		Compagnie Generale des Establissements Michelin (Class B   Shares) (France)		221,311
10,900		CSK Auto Corp. (a)		164,917
500		Georg Fischer AG ( Switzerland) (a)		154,729
31,000		GKN PLC ( United Kingdom) (a)		152,676
4,900		Johnson Controls, Inc.		333,445
7,800		Visteon Corp.		64,974
				1,495,896
	Beverages —0.3%
8,100		Asahi Breweries Ltd. ( Japan)		101,253
12,600		Coca-Cola Co. (The)		539,028
8,000		Coca-Cola Enterprises, Inc.		151,200
6,100		PepsiCo, Inc.		360,388
				1,151,869
	Biotechnology —0.9%
9,980		Atherogenics, Inc.		149,700

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Biotechnology (cont’d)
32,600		Genentech, Inc. (a)	$	2,953,560
8,153		Genzyme Corp. (a)		589,462
9,630		Illumina, Inc. (a)		149,939
10,375		Serologicals Corp. (a)		202,105
				4,044,766
	Broadcasting —0.2%
18,500		Marchex, Inc., (Class B Shares)		311,725
27,200		New Corp.		387,600
4,900		Sinclair Broadcast Group, Inc. (Class A Shares)		40,621
				739,946
	Building Products —0.2%
12,650		Hexel Corp. (a)		200,123
5,400		JS Group Corp. ( Japan)		91,758
500		Masco Corp.		14,250
111,200		Pilkington PLC ( United Kingdom)		301,634
2,696		US Concrete, Inc.		16,446
6,675		Watsco, Inc.		379,340
775		York International Corp.		43,485
				1,047,036
	Business Services —0.2%
8,760		Barrett Business Services		233,892
6,900		Kelly Services, Inc.		190,992
16,540		Rollins, Inc.		314,591
				739,475
	Cable Television
1,500		EchoStar Communications Corp. (Class A Shares)		40,305
356		Liberty Global, Inc. (Class A Shares) (a)		8,818
				49,123
	Capital Goods —0.2%
21,100		Empresa Brasileira de Aeronautica SA ADR (Brazil)		818,469
	Capital Markets —1.2%
2,000		Bank of New York Co., Inc. (The)		62,580
5,200		Deutsche Bank AG (Germany) (a)		486,902
1,700		E*Trade Financial Corp. (a)		31,535
16,100		Goldman Sachs Group, Inc. (The)		2,034,557
35,400		Korea Fund, Inc. (The)		1,126,782
16,500		UBS AG ( Switzerland)		1,401,288
900		Verwaltungs und Privat-Bank AG (Switzerland) (a)		142,048
				5,285,692
	Chemicals —0.6%
7,200		Air Products & Chemicals, Inc.		412,128
6,700		BASF AG ( Germany)		482,982
37,300		Denki Kagaku Kogyo Kabushiki Kiasha (Japan)		136,717
1,800		Du Pont (E.I.) de Nemours & Co.		75,042
900		Givaudan SA ( Switzerland)		580,060
34,900		Mitsubishi Chemical Corp. ( Japan)		217,057
9,200		Nalco Hldg Co.		156,400
900		PPG Industries, Inc.		53,973
4,300		Rohm & Haas Co.		187,179
200		Sika AG ( Switzerland)		142,397
3,000		Tokyo Ohka Kogyo Co. Ltd. ( Japan)		73,099
5,200		Valspar Corp.		114,660
				2,631,694
	Commercial Banks —2.2%
10,372		ABN AMRO Holding NV ( Netherlands)		245,251
5,000		Alliance & Leicester PLC ( United Kingdom)		73,809
2,800		Allied Irish Banks PLC ( Ireland) (a)		59,127
17,500		Banca Popolare Italiana SpA (Italy)		128,249
11,200		Banco Bilbao Vizcaya Argentaria SA (Spain)		197,447
12,100		Banco Santander Central Hispano SA (Spain)		154,293
34,300		Bank of Yokohama Ltd. (The) ( Japan)		279,270

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Commercial Banks (cont’d)
111,600		Barclays PLC ( United Kingdom)	$	1,106,183
1,100		BB&T Corp. (a)		46,574
228,100		China Construction Bank (Class H Shares) ( China)		69,147
6,400		Commonwealth Bank of Australia ( Australia)		186,364
5,500		Danske Bank A/S ( Denmark)		172,453
6,100		Deutsche Boerse AG (Germany) (a)		573,879
9,900		Dexia ( Belgium)		213,801
33,000		HBOS PLC ( United Kingdom)		487,433
11,900		ICICI Bank Ltd. ADR (India)		281,435
23,000		KeyCorp		741,520
125,900		Lloyds TSB Group PLC ( United Kingdom)		1,029,538
1,050		MB Financial, Inc.		39,134
1,600		Natexis Banques Populaires ( Greece) (a)		240,649
42,100		Nordea Bank AB ( Sweden)		412,393
9,900		OKO Bank ( Finland)		112,002
3,200		Republic Bancorp., Inc.		43,680
21,500		Royal Bank of Scotland Group PLC ( United Kingdom)		595,182
6,800		SanPaolo IMI SpA ( Italy)		98,038
1,200		Societe Generale ( France)		136,983
1,300		TCF Financial Corp.		35,230
2,100		UCBH Holdings, Inc.		36,540
12,500		UnionBanCal Corp.		856,000
13,200		Wells Fargo & Co.		794,640
1,700		Zions Bancorp		124,899
				9,571,143
	Commercial Services & Supplies —1.2%
16,500		Allied Waste Industries, Inc. (a)		134,310
550		CB Richard Ellis Group, Inc. (a)		26,868
60,800		Cendant Corp.		1,059,136
5,840		Chemed Corp.		280,787
8,650		Concur Technologies, Inc. (a)		116,862
500		Consolidated Graphics, Inc. (a)		19,495
1,300		Dollar Thrifty Automotive Group (a)		49,010
15,790		FirstService Corp. ( Canada)		369,012
1,625		Healthcare Services Group		30,290
20,700		Interserve PLC ( United Kingdom)		124,390
6,080		Laureate Education, Inc.		300,352
12,230		McGrath Rentcorp		349,167
1,375		McGrath Rentcorp.		39,256
9,200		Moody’s Corp.		489,992
5,320		Providence Service Corp.		164,228
32,127		Shanks Group PLC ( United Kingdom)		88,994
8,790		Steiner Leisure Ltd.		299,651
3,750		Strayer Education, Inc.		33,566
1,750		Team, Inc.		44,450
11,380		TNS, Inc. (a)		200,060
1,600		Tyler Technologies, Inc. (a)		13,024
5,640		Universal Technical Institute, Inc. (a)		176,701
800		USG Corp. (a)		47,296
1,125		Waste Connections, Inc. (a)		37,541
24,100		Waste Management, Inc.		711,191
				5,205,629
	Communication Equipment —0.1%
16,100		Corning, Inc. (a)		323,449
225		F5 Networks, Inc. (a)		11,707
525		Netgear, Inc. (a)		10,264
				345,420
	Computer Hardware —0.5%
15,102		Apple Computer, Inc. (a)		869,724
16,100		Cadence Design System, Inc. (a)		257,278
13,100		Dell, Inc. (a)		417,628

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Computer Hardware (cont’d)
200		EMC Corp. (a)	$	2,792
6,500		Synopsys, Inc.		123,175
37,500		Western Digital Corp. (a)		453,750
				2,124,347
	Computer Networking —0.1%
6,950		Infospace, Inc. (a)		174,584
15,480		Radvision Ltd. ( Israel) (a)		201,240
				375,824
	Computer Services & Software —2.1%
11,100		Autodesk, Inc.		500,943
57,300		BMC Software, Inc. (a)		1,122,507
19,240		Bottomline Technologies, Inc.		243,386
81,100		Computer Associates International, Inc.		2,268,367
1,800		CSG Systems International, Inc.		42,318
20,360		Epicor Software Corp. (a)		250,021
19,736		Global Payments, Inc.		845,687
28,600		Hewlett-Packard Co.		801,944
9,520		M-Systems Flash Disk Pioneers ( Israel) (a)		301,689
7,590		Microsemi Corp. (a)		175,860
78,400		Microsoft Corp.		2,014,880
2,100		NCR Corp. (a)		63,462
12,500		Oracle Corp. (a)		158,500
1,100		Reynolds & Reynolds Co. (Class “A” Shares)		29,194
8,210		Ultimate Software Group, Inc. (a)		139,488
				8,958,246
	Computers & Peripherals —0.2%
6,100		IBM Corp.		499,468
11,564		Logitech International ( Switzerland) (a)		438,129
1,125		Synaptics, Inc. (a)		26,134
				963,731
	Conglomerates
285		GenTek Inc.		3,999
	Construction —0.6%
5,800		Bouygues SA (France)		286,174
300		Centex Corp.		19,305
12,669		Frankport AG ( Germany)		641,641
26,200		Hanson PLC ( United Kingdom)		265,492
6,400		KB Home		418,240
3,503		MDC Holdings, Inc.		240,306
11,000		Standard Pacific Corp.		424,380
13,000		Sumitomo Osaka Cement Co. Ltd. (Japan)		36,716
8,000		Toll Brothers, Inc. (a)		295,280
				2,627,534
	Construction & Engineering
7,300		Skanska AB ( Sweden) (a)		102,219
	Construction Materials —0.1%
1,100		Ciments Francais SA (France) (a)		124,513
74,000		CSR Ltd. ( Australia)		162,047
4,800		Sanyo Electric Credit Co. Ltd. ( Japan)		90,688
11,100		Taiheiyo Cement Corp. ( Japan)		40,113
				417,361
	Consumer Finance —0.3%
2,100		Capital One Financial Corp.		160,335
41,400		MBNA Corp.		1,058,598
3,300		Takefuji Corp. ( Japan)		230,950
				1,449,883
	Consumer Products & Services —0.8%
2,500		American Greetings Corp., (Class A Shares)		63,125
7,320		Central Garden & Pet Co.		313,808
8,625		Jarden Corp. (a)		291,439
800		Kimberly-Clark Corp.		45,472

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Consumer Products & Services (cont’d)
42,747		Procter & Gamble Co.	$	2,393,405
2,800		Scotts Co. (The) (Class A Shares)		245,812
				3,353,061
	Containers & Packaging
25,000		Rengo Co. Ltd. ( Japan)		135,298
800		Temple-Inland, Inc.		29,464
				164,762
	Distribution/Wholesale
1,720		Building Materials Holding Corp.		146,217
	Diversified Chemicals
800		Dow Chemical Co.		36,688
	Diversified Consumer Services
1,050		Regis Corp.		40,278
	Diversified Financial Services —0.8%
19,600		CIT Group, Inc.		896,308
4,600		Eaton Vance Corp.		270,618
650		Financial Federal Corp.		24,817
14,000		Ifil SPA ( Italy)		57,592
15,300		ING Groep NV ADR ( Netherlands)		440,988
7,300		Irish Life & Permanent PLC ( Ireland)		128,606
19,100		Principal Financial Group, Inc.		947,933
9,300		Raymond James Financial, Inc.		316,479
11,200		Suncorp-Metway Ltd. ( Australia)		161,720
				3,245,061
	Diversified Operations
19,000		Citic Pacific Ltd. ( Hong Kong)		49,294
200		Danaher Corp.		10,420
				59,714
	Diversified Telecommunication Services —0.4%
121,900		BT Group PLC ( United Kingdom)		459,577
7,250		Dycom Industries, Inc.		14,449
15,100		Koninklijke KPN NV ( Netherlands)		143,687
100		Nippon Telegraph and Telephone Corp. ( Japan)		478,001
1,925		Sonus Networks, Inc.		8,393
600		Swisscom AG ( Switzerland)		197,541
76,500		Telestra Corp. Ltd ( Australia)		241,222
				1,542,870
	Drugs & Medicine
2,900		Coventry Health Care, Inc. (a)		156,571
	Electric Utilities —1.2%
5,700		Consolidated Edison, Inc.		259,350
5,200		Edison International		227,552
13,500		Endesa SA ( Spain)		335,716
38,800		Energias de Portugal SA (Portugal) (a)		109,740
9,100		Entergy Corp.		643,552
14,500		FirstEnergy Corp.		688,750
43,500		FPL Group, Inc.		1,873,110
7,800		Hokkaido Electric Power Co., Inc. ( Japan)		161,382
7,800		Kyushu Electric Power Co., Inc. ( Japan)		167,361
10,200		PPL Corp.		319,668
5,700		Union Fenosa SA ( Spain)		188,541
9,360		Viridian Group PLC ( United Kingdom)		129,059
2,350		Westar Energy, Inc.		51,935
				5,155,716
	Electronic Components & Equipment —0.9%
14,130		Advanced Analogic Technologies, Inc.		154,017
10,000		Agilent Technologies, Inc. (a)		320,100
2,300		Altera Corp.		38,295
8,500		Avnet, Inc. (a)		195,925

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Electronic Components & Equipment (cont’d)
10,680		Axsys Technologies, Inc.	$	202,600
8,700		Energizer Holdings, Inc. (a)		439,263
2,500		First Data Corp.		101,125
17,000		FLIR Systems, Inc. (a)		356,320
4,900		Harman International Industries, Inc.		489,314
10,900		Jabil Circuit, Inc. (a)		325,365
4,100		Pinnacle West Capital Corp.		171,216
8,350		PNM Resources, Inc.		211,672
50,400		Sanmina-SCI Corp. (a)		183,960
12,500		Secom Co. Ltd. ( Japan)		623,687
30,140		Synplicity, Inc.		215,802
				4,028,661
	Electronic Equipment & Instruments —0.2%
9,000		Alps Electric Co. Ltd. ( Japan)		143,174
11,600		CheckPoint Systems, Inc.		278,400
7,000		CMK Corp. ( Japan)		117,155
12,300		Hosiden Corp. ( Japan)		118,932
250		MTS Systems Corp.		9,990
14,100		TT Electronics PLC ( United Kingdom) (a)		36,687
				704,338
	Electronics —0.2%
5,210		Itron, Inc. (a)		226,426
12,470		Sonic Solutions, Inc. (a)		238,676
29,410		SRS Labs, Inc.		173,519
				638,621
	Energy Equipment & Services —0.1%
1,500		Baker Hughes, Inc.		82,440
1,283,800		China Petroleum Chemical Corp. ( China)		513,381
				595,821
	Entertainment & Leisure —0.3%
2,800		Carnival Corp. ( Panama)		139,076
26,320		Century Casinos, Inc.		197,926
13,910		Mikohn Gaming Corp.		145,916
15,530		Scientific Games Corp. (Class A Shares)		465,279
9,200		TUI AG ( Germany)		178,728
				1,126,925
	Exchange Traded Fund
2,160		iShares Russell 200 Value Index Fund		139,460
	Farming & Agriculture —0.2%
15,700		Archer-Daniels-Midland Co.		382,609
8,500		Monsanto Co.		535,585
				918,194
	Financial - Bank & Trust —2.1%
38,000		AmeriCredit Corp.		849,300
10,450		Astoria Financial Corp.		292,077
1,400		Banco Popolare Bergamo ( Italy)		29,631
46,300		Bank of America Corp.		2,025,162
74,100		Bank of Fukuoka Ltd. (The) ( Japan) (a)		575,848
5,600		Bankunited Financial Corp. (a)		132,832
6,100		BNP Paribas (France)		462,393
7,760		Boston Private Financial Holdings, Inc.		224,652
700		Compass Banshares Inc		34,132
2,200		Downey Financial Corp.		134,090
4,800		Fortis ( Belgium)		136,623
700		Marshall & Ilsley Corp.		30,072
14,900		Mellon Financial Corp.		472,181
18,000		North Fork Bancorp.		456,120
4,400		Oriental Financial Group, Inc.		54,648
6,000		State Street Corp.		331,380
1,500		Student Loan Corp. (The)		328,800
33,000		Sumitomo Trust & Banking Co. Ltd. (The) ( Japan)		280,940
29,400		U.S. Bancorp		869,652

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Financial - Bank & Trust (cont’d)
15,300		UBS AG, ADR ( Switzerland)	$	1,310,751
3,200		Wachovia Corp.		161,664
				9,192,948
	Financial Services —2.6%
6,100		Accredited Home Lenders Holding Co. (a)		220,454
140		Ameriprise Financial, Inc.		5,211
2,000		Ameritrade Holding Corp. (a)		42,060
4,600		Chicago Mercantile Exchange Holdings, Inc.		1,679,690
46,400		Citigroup, Inc.		2,124,192
13,100		Eaton Vance Corp.		326,059
19,700		Euronext NV ( Netherlands)		836,957
700		Franklin Resources, Inc.		61,859
166,300		Hong Kong Exchanges and Clearing Ltd. ( Hong Kong)		555,613
17,400		Japan Securities Finance Co. Ltd. ( Japan)		201,242
9,000		Jefferies Group, Inc.		382,140
25,870		Keynote Systems, Inc.		337,086
7,478		Lehman Brothers Holdings, Inc.		894,892
8,900		Merrill Lynch & Co., Inc.		576,186
10,800		Morgan Stanley Dean Witter & Co.		587,628
6,490		Portfolio Recovery Associates, Inc. (a)		252,461
8,940		PrivateBancorp, Inc.		303,692
23,259		SLM Corp.		1,291,572
13,840		Valueclick, Inc. (a)		242,200
12,290		Websidestory, Inc. (a)		213,723
				11,134,917
	Food & Staples Retailing —0.4%
56,900		Albertson’s, Inc.		1,428,759
1,600		Danisco A/S ( Denmark) (a)		102,135
700		Heinz Co., H.J.		24,850
				1,555,744
	Food Products —1.1%
66,600		Cadbury Schweppes PLC ( United Kingdom)		655,426
700		Campbell Soup Co.		20,370
10,600		Carrefour SA ( France)		471,303
1,825		Corn Products International, Inc.		43,453
12,400		Dairy Crest Group PLC ( United Kingdom)		98,876
6,600		Hershey Foods Corp.		375,078
400		Kellogg Co.		17,668
21,000		Kraft Foods, Inc. (Class A Shares)		594,300
15,700		Kroger Co. (The) (a)		312,430
48,600		Northern Foods PLC ( United Kingdom)		129,464
24,400		Sara Lee Corp.		435,540
1,100		Sysco Corp.		35,101
21,200		Tate & Lyle PLC ( United Kingdom)		173,924
103,200		Tesco PLC ( United Kingdom)		549,364
2,400		Tyson Foods, Inc.		42,720
22,100		Unilever PLC, ADR ( United Kingdom)		897,260
				4,852,277
	Gas Utilities —0.1%
69,200		Osaka Gas Co. Ltd. (Japan)		253,021
	Health Care Equipment & Supplies —0.5%
4,800		Boston Scientific Corp. (a)		120,576
1,200		Fresenius AG ( Germany)		168,550
1,125		Invacare Corp.		38,014
4,940		IRIS International, Inc.		115,843
6,600		Nipro Corp. ( Japan)		99,634
6,300		NuVasive Inc. (a)		109,809
42,600		Orthovita, Inc.		161,880
10,309		PolyMedica Corp.		340,300
6,100		SonoSite, Inc.		179,279

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Health Care Equipment & Supplies (cont’d)
25,160		Spectranetics Corp.	$	250,090
7,710		Symmetry Medical, Inc.		170,699
9,160		Syneron Medical Ltd. ( Israel)		329,211
				2,083,885
	Health Care Providers & Services —2.2%
4,300		Aetna, Inc. (a)		380,808
4,850		Amedisys, Inc. (a)		185,318
8,500		American Healthways, Inc. (a)		344,760
8,900		AMERIGROUP Corp. (a)		148,808
18,880		AMN Healthcare Services, Inc.		311,520
8,800		Covance, Inc.		428,120
33,800		Five Star Quality Care, Inc.		227,812
3,100		Guidant Corp.		195,300
11,100		HCA, Inc.		534,909
9,000		Humana Inc.		399,510
7,080		LabOne, Inc. (a)		310,600
6,270		Matria Healthcare, Inc.		210,233
6,200		McKesson Corp.		281,666
650		Pediatrix Medical Group, Inc. (a)		50,089
11,200		Quest Diagnostics, Inc.		523,152
9,500		Sunrise Senior Living, Inc.		307,230
72,000		Tenet Healthcare Corp. (a)		606,240
1,050		Triad Hospitals, Inc. (a)		43,187
59,000		UnitedHealth Group, Inc.		3,415,510
5,200		WellPoint Health Networks, Inc. (a)		388,336
				9,293,108
	Hotels, Restaurants & Leisure —1.3%
3,600		Choice Hotels Intrenational, Inc.		119,124
12,222		Harrah’s Entertainment, Inc.		739,187
6,000		Hilton Hotels Corp.		116,700
1,500		International Game Technology		39,735
700		Marriott International, Inc.		41,734
40,300		MGM Mirage (a)		1,506,011
32,400		Mitchells & Butlers PLC ( United Kingdom)		208,031
1,100		Starwood Hotels & Resorts Worldwide, Inc.		64,273
2,775		Triarc Cos., Inc. (Class “B” Shares)		41,264
16,300		Wynn Resorts Ltd. (a)		760,884
40,758		Yum! Brands, Inc.		2,073,359
				5,710,302
	Household Durables —0.8%
7,800		Alpine Electronics, Inc. ( Japan)		117,910
5,950		Jacuzzi Brands, Inc. (a)		43,911
54,174		Lennar Corp. (Class A Shares)		3,010,991
3,400		Lennar Corp. (Class B Shares)		175,610
37,600		Taylor Woodrow PLC ( United Kingdom)		208,308
				3,556,730
	Household/Personal Care —0.1%
6,000		Colgate-Palmolive Co.		317,760
	Independent Power Producers & Energy Traders —0.1%
5,700		Constellation Energy Group, Inc.		312,360
	Industrial Conglomerates —0.4%
63,500		Tyco International Ltd.		1,675,765
	Insurance —3.4%
6,000		Aflac, Inc.		286,680
8,700		Allmerica Financial Corp. (a)		331,470
1,000		Allstate Corp. (The)		52,790
4,000		Ambac Financial Group, Inc.		283,560
4,200		American International Group, Inc.		272,160
2,400		Aon Corp.		81,240
6,000		Assurant, Inc.		229,200
29,800		Aviva PLC ( United Kingdom)		351,817
100		Chubb Corp.		9,297
3,100		CNP Assurances ( France)		215,667

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Insurance (cont’d)
4,700		Commerce Group, Inc.	$	267,054
4,700		Delphi Financial Group, Inc. (Class A Shares)		220,148
53,200		Genworth Financial, Inc. (Class A Shares)		1,685,908
6,100		Hartford Financial Services Group, Inc.		486,475
1,625		HCC Insurance Holdings, Inc. (a)		79,110
1,275		Hilb, Rogal & Hobbs Co.		47,749
107,300		Legal & General Group PLC ( United Kingdom)		203,691
3,900		Lincoln National Corp.		197,379
4,700		Loews Corp. (a)		437,006
8,300		MBIA, Inc.		483,392
42		Millea Holdings, Inc. ( Japan)		759,835
108,900		Old Mutual PLC ( United Kingdom) (a)		253,953
6,200		Philadelphia Consolidated Holding Corp. (a)		596,812
4,304		Progressive Corp.		498,446
5,200		Protective Life Corp.		227,968
50,300		St. Paul Travelers Cos., Inc. (The)		2,265,009
3,000		Torchmark Corp.		158,490
11,120		Tower Group, Inc.		214,282
7,900		United Fire & Casualty Co.		355,658
94,400		UnumProvident Corp.		1,915,376
19,700		Willis Group Holdings Ltd. ( United Kingdom)		731,658
3,200		WR Berkely Corp.		139,840
800		XL Capital Ltd. (Class A Shares)		51,248
1,700		Zurich Financial Services AG ( Switzerland) (a)		289,937
				14,680,305
	Internet Software & Services —0.8%
15,600		Check Point Software Technologies Ltd. ( Israel) (a)		348,816
1,600		Checkfree Corp. (a)		68,000
36,890		CyberSource Corp. (a)		247,163
29,830		Digitas, Inc.		322,164
7,620		Equinix, Inc.		281,102
2,300		Google, Inc. (Class A Shares) (a)		855,922
8,640		J2 Global Communications, Inc. (a)		381,974
31,840		Online Resources Corp. (a)		382,080
10,840		Openwave Systems, Inc. (a)		193,711
8,200		SafeNet, Inc. (a)		271,994
5,300		Symantec Corp. (a)		126,405
1,075		Vignette Corp.		17,856
				3,497,187
	IT Services —0.6%
1,800		Affiliated Computer Services, Inc.		97,398
1,900		Computer Sciences Corp. (a)		97,375
102,000		Electronic Data Systems Corp.		2,377,620
				2,572,393
	Leisure Equipment & Products —0.2%
25,700		Eastman Kodak Co.		562,830
1,100		Hasbro, Inc.		20,724
2,675		K2, Inc. (a)		26,830
7,300		Mattel, Inc.		107,675
				718,059
	Machinery & Equipment —1.1%
1,325		Briggs & Stratton Corp.		42,373
5,500		Bucyrus International, Inc. (Class A Shares)		228,525
23,712		Caterpillar, Inc.		1,247,014
2,300		Deere & Co.		139,564
5,500		Harsco Corp.		353,375
18,000		Hitachi Koko Co., Ltd. (Japan)		244,972
35,000		Hitachi Ltd. ( Japan)		215,521
800		Joy Global, Inc.		36,696
4,600		MAN AG ( Germany) (a)		213,514

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Machinery & Equipment (cont’d)
1,200		Nordson Corp.	$	44,604
42,900		NSK Ltd. ( Japan)		250,273
10,740		Presstek, Inc.		110,085
500		Rieter Holdings AG ( Switzerland)		142,708
6,900		Snap-On, Inc.		248,538
17,300		SPX Corp.		744,246
1,700		Stork NV ( Netherlands)		63,179
400		Sulzer AG ( Switzerland) (a)		192,345
				4,517,532
	Manufacturing —0.1%
2,800		ITT Industries, Inc.		284,480
	Marine —0.1%
82,000		Neptune Orient Lines Ltd. ( Singapore)		147,654
41,030		Orient Overseas International Ltd. ( Hong Kong) (a)		130,202
				277,856
	Media —1.4%
19,800		Comcast Corp. (Class A Shares)		551,034
3,000		Comcast Corp. (Special Class A Shares) (a)		82,230
2,700		DIRECTTV Group, Inc. (The) (a)		38,394
2,700		E.W. Scripps Co. (Class A Shares)		123,660
7,300		Gannett Co., Inc.		457,418
53,300		Liberty Media Corp. (Class A Shares) (a)		424,801
356		Libery Global, Inc. (Class C Shares)		8,444
5,600		Promotora de Informaciones SA ( Spain)		102,683
29,900		Rogers Communications, Inc. ( Canada) (a)		1,179,697
9,800		Scholastic Corp. (a)		318,990
25,100		Shaw Communications, Inc. ( Canada) (a)		506,845
15,700		Sogecable SA ( Spain)		596,646
39,900		Time Warner, Inc. (a)		711,417
32,200		Viacom, Inc. (Class B Shares)		997,234
2,400		Walt Disney Co.		58,488
				6,157,981
	Medical Products —0.4%
23,276		Amgen, Inc. (a)		1,763,390
1,100		Express Scripts, Inc.		82,951
1,500		Merck & Co., Inc.		42,330
				1,888,671
	Medical Supplies & Equipment —1.1%
5,550		Alexion Pharmaceutcal, Inc. (a)		152,015
1,500		Bausch & Lomb, Inc.		111,285
7,700		Cooper Cos, Inc. (The)		530,068
3,100		Edwards Lifesciences Corp. (a)		128,278
12,530		First Horizon Pharmaceutical Corp. (a)		180,808
12,140		I-Flow Corp. (a)		146,530
9,400		Lifeline Systems, Inc. (a)		310,200
30,761		Medtronic, Inc.		1,742,918
14,150		Merge Technologies, Inc. (a)		326,440
19,340		Optimal Group,Inc. (Class B Shares) ( Canada)		361,078
11,400		St. Jude Medical, Inc. (a)		547,998
1,100		Zimmer Holdings, Inc. (a)		70,147
				4,607,765
	Metals & Mining —0.9%
55,700		Alcoa, Inc.		1,352,953
40,500		BlueScope Steel Ltd. ( Australia)		257,904
1,200		Boehler-Uddeholm AG (Austria) (a)		181,925
550		Century Aluminum Co.		9,999
284,201		China Shenhua Energy Co. Ltd. (Class H Shares) ( Hong Kong)		311,620
1,650		Gibraltar Industries, Inc.		33,412
11,600		Rautaruukki Oyj ( Finland)		236,891
6,000		Salzgitter AG ( Germany) (a)		262,605
6,400		Southern Copper Corp.		352,896
11,700		ThyssenKrup AG ( Germany)		237,531

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Metals & Mining (cont’d)
11,000		Timken Co.	$	311,960
4,500		United States Steel Corp.		164,385
				3,714,081
	Multi-Utilities —0.4%
3,700		Alliant Energy Corp.		97,865
13,000		CMS Energy Corp. (a)		193,830
7,200		Dominion Resources, Inc.		547,776
3,800		Public Service Enterprise Group, Inc.		238,982
3,600		Scana Corp.		142,812
2,600		Wisconsin Energy Corp.		98,358
10,200		Xcel Energy, Inc. (a)		186,966
				1,506,589
	Multiline Retail —0.4%
73,700		David Jones Ltd. ( Australia)		125,461
2,800		Federated Department Stores, Inc.		171,836
26,600		House of Fraser PLC ( United Kingdom) (a)		47,082
1,400		Kohl’s Corp. (a)		67,382
22,600		Target Corp.		1,258,594
				1,670,355
	Office Equipment
9,000		Ricoh Co. Ltd. ( Japan)		143,020
	Oil, Gas & Consumable Fuels —4.8%
1,800		Anadarko Petroleum Corp.		163,278
3,700		Apache Corp.		236,171
8,800		Ashland, Inc.		470,888
15,300		BP PLC, ADR ( Britain)		1,015,920
7,100		Burlington Resources, Inc.		512,762
13,150		Cabot Oil & Gas Corp.		602,138
13,200		Canadian Natural Resources Ltd. ( Canada)		539,690
17,300		ChevronTexaco Corp.		987,311
181,400		CNOOC Ltd. ( Hong Kong)		118,171
2,500		Compania Espanola de Petroleos, SA (CEPSA) ( Spain)		119,845
12,600		ConocoPhillips		823,788
45,800		Cosmo Oil Co. Ltd. ( Japan)		222,854
5,500		Devon Energy Corp.		332,090
47,690		Encore Medical Corp.		238,927
650		Energy Partners Ltd. (a)		16,491
15,900		Eni SpA ( Italy)		426,078
6,400		EOG Resources, Inc.		433,792
42,000		Exxon Mobil Corp.		2,357,880
550		GMX Resources, Inc.		13,486
27,590		Grey Wolf, Inc. (a)		211,891
9,183		Halliburton Co.		542,715
4,400		Helmerich & Payne, Inc.		243,760
5,800		Houston Exploration Co. (a)		298,990
2,910		Hydril Co. (a)		193,049
8,000		Lukoil, ADR ( Russia)		441,200
9,640		Maverick Tube Corp. (a)		298,454
2,700		Norsk Hydro ASA ( Norway) (a)		270,110
7,700		Occidental Petroleum Corp.		607,376
6,800		Oceaneering International, Inc. (a)		327,216
7,945		Oil States International, Inc. (a)		262,979
7,600		ONEOK, Inc.		218,424
7,290		Patterson-UTI Energy, Inc.		248,808
1,425		Petrohawk Energy Corp.		17,613
15,700		Praxair, Inc. (a)		775,737
9,700		Repsol YPF SA ( Spain)		288,765
1,600		Rowan Cos., Inc.		52,784
18,849		Royal Dutch Shell PLC ( United Kingdom)		614,877
15,000		Royal Dutch Shell PLC (Class A Shares) ( United Kingdom)		462,542
32,200		Santos Ltd. ( Australia)		264,186

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Oil, Gas & Consumable Fuels (cont’d)
9,400		Schlumberger Ltd.	$	853,238
5,000		Southwestern Energy Co.		36,270
6,600		Sunoco, Inc.		491,700
12,490		Superior Energy Services, Inc.		254,546
7,100		Swift Energy Co. (a)		309,986
8,000		Tesoro Corp. (a)		489,200
500		Total SA ( France)		125,478
4,550		Unit Corp. (a)		238,420
1,650		Universal Compression Holdings, Inc. (a)		58,823
2,200		Valero Energy Corp.		231,528
33,600		Verizon Communications, Inc.		1,058,736
1,600		Weatherford International Ltd.		100,160
1,025		Whiting Petroleum Corp. (a)		41,564
				20,562,685
	Other Technology
8,100		Sybase, Inc.		180,225
	Paper & Forest Products —0.2%
1,000		Bowater, Inc.		26,500
2,600		Georgia-Pacific Corp.		84,578
20,800		Hokuetsu Paper Mills Ltd. ( Japan)		107,331
3,900		International Paper Co.		113,802
2,100		Smurfit-Stone Container Corp. (a)		22,176
8,000		Weyerhaeuser Co.		506,720
				861,107
	Personal Services —0.1%
8,900		Administaff, Inc.		376,648
	Pharmaceuticals —3.2%
800		Abbott Laboratories		34,440
5,700		Allergan, Inc.		509,010
5,600		AmerisourceBergen Corp.		427,112
5,946		Amylin Pharmaceuticals, Inc. (a)		199,786
3,400		AstraZeneca PLC ( United Kingdom)		152,436
4,350		Barr Pharmaceuticals, Inc.		249,907
12,300		Bristol-Meyers Squibb Co.		260,391
2,100		Eli Lilly & Co.		104,559
6,500		Endo Pharmaceutical, Inc (a)		174,980
48,700		GlaxoSmithkKine PLC ( United Kingdom)		1,266,267
36,967		Johnson & Johnson		2,314,874
24,300		Kaken Pharmaceutical Co. Ltd. ( Japan)		172,460
6,000		Kos Pharmaceuticals, Inc. (a)		360,000
1,200		Medco Health Solutions, Inc. (a)		67,800
12,932		Nabi Biopharmaceuticals		166,176
10,700		Novartis AG ( Switzerland)		575,519
11,900		Novo Nordisk SA ( Denmark)		609,614
68,200		Pfizer, Inc.		1,482,668
10,100		Pharmaceutical Product Development, Inc. (a)		580,447
7,850		Rigel Pharmaceuticals, Inc.		176,232
4,500		Roche Holding AG-Genusshein ( Switzerland)		672,199
12,300		Rohto Pharmaceutical Co. Ltd. ( Japan) (a)		113,858
13,200		Rohto Pharmaceutical Co. Ltd. (When Issued) ( Japan)		122,237
15,490		Salix Pharmaceuticals Ltd. (a)		277,891
11,600		Sanofi-Aventis ( France)		928,656
3,200		Sepracor, Inc. (a)		180,000
27,000		Tanabe Seiyaku Co. Ltd. ( Japan)		260,014
21,600		Teva Pharmaceutical Industries Ltd., ADR ( Israel)		823,392
400		Watson Pharmaceuticals, Inc. (a)		13,824
12,100		Wyeth		539,176
				13,815,925
	Pipelines
3,900		Dynegy, Inc. (a)		17,316
	Printing & Publishing
700		The New York Times Co.		19,068

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Publishing
1,900		Wiley, (John) & Sons, Inc.	$	74,480
	Real Estate —0.4%
6,000		Benetton Group SpA ( Italy)		63,745
5,600		Entertainment Properties Trust		224,560
13,100		Hovnanian Enterprises, Inc. (Class A Shares) (a)		589,369
5,900		Meritage Homes Corp. (a)		367,393
7,266		Saint Joe Co. (The)		479,193
				1,724,260
	Real Estate Investment Trust —0.9%
17,200		Apartment Investment & Management Co.		660,480
3,850		Ashford Hospital		40,425
2,200		Camden Property Trust		123,970
1,400		CarrAmerica Realty Corp.		46,102
1,200		Centerpoint Properties Trust		54,672
1,500		Duke Realty Corp.		51,150
400		Equity Office Properties Trust		12,320
4,500		Equity Residential		176,625
1,050		Healthcare Realty Trust, Inc.		39,732
2,575		Highland Hospitality Corp.		27,063
14,800		Host Marriot Corp.		248,492
14,460		KKR Financial Corp. (a)		322,747
1,500		Liberty Property Trust		62,535
3,300		Mack-Cali Realty Corp.		140,745
3,075		MFA Mortgage Investments, Inc.		15,865
19,700		New Century Financial Corp.		608,139
12,300		Plum Creek Timber Co.		478,470
8,400		ProLogis		361,200
525		Redwood Trust, Inc.		24,439
800		Simon Property Group, Inc.		57,296
3,700		SL Green Realty Corp.		251,711
				3,804,178
	Restaurants —0.1%
11,540		Cosi, Inc.		100,975
13,600		McDonald's Corp.		429,760
				530,735
	Retail & Merchandising —2.2%
3,800		7-Eleven, Inc. (a)		142,158
8,200		Best Buy Co., Inc.		362,932
6,800		Brinker International, Inc. (a)		259,216
5,200		CEC Entertainment, Inc. (a)		175,812
2,400		Chico’s FAS, Inc. (a)		94,896
23,400		Circuit City Stores, Inc.		416,286
41,400		CVS Corp.		1,010,574
8,400		Darden Restaurants, Inc.		272,328
16,770		Design Within Reach, Inc. (a)		135,334
17,600		FamilyMart Co. Ltd. ( Japan)		523,610
1,600		J. C. Penney Co., Inc.		81,920
5,997		JOS. A. Bank Clothiers, Inc. (a)		244,737
27,331		Lowe’s Cos., Inc.		1,660,905
7,400		Men’s Wearhouse, Inc. (The) (a)		182,780
14,400		Next PLC ( United Kingdom)		340,011
9,900		Nordstrom, Inc.		343,035
3,900		Proffitt’s, Inc.		70,785
2,900		Rallye SA (France)		126,926
600		Ross Stores, Inc.		16,224
2,400		School Specialty, Inc. (a)		81,360
6,650		Sonic Corp. (a)		192,451
4,600		Staples, Inc.		104,558
15,078		Starbucks Corp. (a)		426,406
15,700		Stein Mart, Inc.		288,095
8,000		UNY Co. Ltd. ( Japan)		99,714

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Retail & Merchandising (cont’d)
116,200		Wal-Mart de Mexico SA de CV ( Mexico)	$	565,620
8,100		Wal-Mart Stores, Inc.		383,211
16,100		Walgreen Co.		731,423
				9,333,307
	Road & Rail —0.7%
15,100		Arriva PLC ( United Kingdom)		154,081
5,700		CSX Corp.		261,117
24,000		FirstGroup PLC ( United Kingdom)		139,335
35,500		MetLife, Inc.		1,754,055
8,165		Union Pacific Corp.		564,855
				2,873,443
	Semiconductors & Semiconductor Equipment —0.9%
1,100		Agere Systems, Inc. (a)		11,440
2,300		Analog Devices, Inc.		79,994
1,575		ATMI, Inc.		43,013
15,100		Freescale Semiconductor, Inc.		360,588
60,700		Intel Corp.		1,426,450
7,460		Intermagnetics General Corp.		213,729
13,900		National Semiconductor Corp.		314,557
12,030		O2Micro International Ltd.		157,593
8,900		Republic Services, Inc.		314,615
900		Teradyne, Inc.		12,186
26,500		Texas Instruments, Inc.		756,575
15,040		Ultratech Stepper, Inc. (a)		207,251
12,000		Volterra Semiconductor Corp.		147,960
				4,045,951
	Specialty Retail —0.2%
900		Abercrombie & Fitch Co.		46,791
59,600		Dixons Group PLC ( United Kingdom)		151,909
18,048		Home Depot, Inc.		740,690
13		United Auto Group, Inc.		43,006
				982,396
	Telecommunications —2.2%
23,600		Amdocs Ltd. (a)		624,692
43,600		America Movil SA de CV ADR (Class L Shares) ( Mexico)		1,144,500
13,300		American Tower Corp. (Class A Shares)		317,205
5,300		AT&T Corp.		104,834
3,300		CenturyTel, Inc.		108,009
55,100		Cisco Systems, Inc. (a)		961,495
10,300		Comverse Technology, Inc. (a)		258,530
4,700		Juniper Networks Inc (a)		109,651
4,200		Lucent Technologies, Inc. (a)		11,970
800		MCI, Inc.		15,920
687		Mcleodusa, Inc. Ser A Pfd.		69
39,609		Motorola, Inc.		877,735
47,555		Netia SA ( Poland)		66,148
32,627		QUALCOMM, Inc.		1,297,250
37,100		SBC Communications, Inc.		884,835
216,900		Singapore Telecommunications Ltd. ( Singapore)		298,839
19,915		Sprint Nextel Corp.		464,219
45,700		Tandberg ASA ( Norway)		449,461
11,800		TDC A/S ( Denmark)		660,393
3,100		Tellabs, Inc. (a)		29,636
24,500		Vodafone Group PLC ADR (France)		643,370
11,260		Witness Systems, Inc. (a)		220,696
				9,549,457
	Textiles, Apparel & Luxury Goods —0.3%
17,100		Coach, Inc. (a)		550,278
24,000		Jones Apparel Group, Inc.		654,720

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

SHARES	DESCRIPTION		VALUE
	Common Stocks (cont’d)
	Textiles, Apparel & Luxury Goods (cont’d)
61,000		Kurabo Industries Ltd. ( Japan)	$	207,451
				1,412,449
	Thrifts & Mortgage Finance —1.0%
35,500		Bradford & Bingley PLC ( United Kingdom)		218,509
30,310		Countrywide Financial Corp.		962,949
3,600		Fannie Mae		171,072
26,800		Freddie Mac		1,644,180
29,400		Washington Mutual, Inc.		1,164,240
				4,160,950
	Tobacco —1.0%
9,100		3M Co.		691,418
47,200		Altria Group, Inc. (a)		3,542,360
1,900		Fair Isaac Corp.		79,344
				4,313,122
	Trading Companies & Distributors —0.1%
63,500		Marubeni Corp. ( Japan)		297,607
	Transportation —0.4%
700		Amerco, Inc.		40,831
5,910		American Commerical Lines, Inc. (a)		166,189
2,050		Arlington Tankers Ltd.		45,653
9,665		Burlington Northern Santa Fe Corp.		599,810
1,200		GATX Corp.		44,844
1,700		Genesee & Wyoming, Inc. (Class “A” Shares) (a)		54,485
1,700		Laidlaw International, Inc.		38,658
750		Landstar Systems, Inc. (a)		28,890
5,800		Norfolk Southern Corp.		233,160
4,730		Old Dominion Freight Line (a)		167,395
16,060		Vitran Corp., Inc. ( Canada)		277,999
				1,697,914
	Transportation Infrastructure —0.1%
159,100		China Merchants Holdings International Co. Ltd. ( Hong     Kong)		308,878
	Utilities —1.4%
900		Centerpoint Energy, Inc.		11,916
800		Duke Energy Corp.		21,184
4,400		Emerson Electric Co.		306,020
104,257		General Electric Co.		3,535,355
7,200		Headwaters Inc. (a)		229,248
4,400		Northeast Utilities		80,036
13,700		PG&E Corp.		498,406
34,900		Scottish Power PLC ( United Kingdom)		341,606
13,700		Suez SA (France)		371,064
3,000		Tohoku Electric Power Co. ( Japan)		61,206
3,300		TXU Corp.		332,475
				5,788,516
	Water Utilities —0.1%
18,800		Kelda Group PLC ( United Kingdom)		231,602
47,400		Northumbrian Water Group PLC ( United Kingdom)		199,258
				430,860
	Wireless Telecommunication Services
111,300		MobileOne Ltd. ( Singapore) (a)		131,600
		Total Common Stocks     (cost $245,529,958)		268,829,809

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds —7.3%
		Aerospace & Defense
		Alliant Techsystems, Inc., Sr. Sub. Notes
B2	85		8.50 %, 05/15/11		88,825
		Airlines
		AMR Corp., Debs.
Caa2	50		10.00%, 04/15/21		28,250
NR	100		10.55%, 03/12/21		53,000
		Continental Airlines, Inc., Pass Through Certificates, Ser. 1996-C
B3	21		9.50 %, 10/15/13		15,438

STRATEGIC PARTNERS MODERATE ALLOCATION FUND
	Schedule of Investments As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Airlines (cont’d)
		Continental Airlines, Inc., Pass Through Certificates, Ser. 981B
Ba2	39		6.748 %, 03/15/17	33,405
				130,093
		Automobile Manufacturers —0.1%
		Ford Motor Co., Notes
Ba1	100		7.45 %, 07/16/31	73,500
		Ford Motor Credit Co., Sr. Notes
Baa3	400		7.25 %, 10/25/11	372,795
				446,295
		Automotive —0.3%
		Affinia Group, Inc., Gtd. Notes(g)
Caa1	63		9.00 %, 11/30/14	48,825
		DaimlerChrysler NA, Gtd. Notes
A3	400		4.026%, 03/07/07	399,293
A3	100		4.747%, 08/08/06	100,645
		DaimlerChrysler NA, Notes(c)
A3	600		4.43 %, 05/24/06	601,508
		Goodyear Tire & Rubber Co. (The) Notes
B3	125		7.857%, 08/15/11	119,375
B3	125		9.00%, 07/01/15	120,625
		Tenneco Automotive, Inc., Gtd. Notes
B3	50		8.625 %, 11/15/14	47,750
				1,438,021
		Building Materials & Construction —0.1%
		D.R. Horton, Inc., Sr. Notes
Ba1	115		7.875 %, 08/15/11	124,024
		Goodman Global Holding Co., Inc., Sr. Notes, Series 144A
B3	125		6.41%, 06/15/12(g)	122,500
Caa1	188		7.875%, 12/15/12	176,720
		Grohe Holding GmbH, Notes
B3	125		8.625 %, 10/01/14	132,579
				555,823
		Cable
		CSC Holdings, Inc., Sr. Notes
B1	75		7.25 %, 07/15/08	75,750
		Capital Goods —0.1%
		Mueller Group, Inc., Sr. Sub. Notes
Caa1	63		10.00 %, 05/01/12	66,150
		Rexnord Corp., Gtd. Notes
B3	150		10.125 %, 12/15/12	164,250
				230,400
		Capital Goods - Others —0.1%
		Gentek, Inc. (Escrow)(g)
Nr	150		Zero Coupon, 08/01/09	—
		Navistar International Corp., Sr. Notes
Ba3	125		6.25 %, 03/01/12	112,187
		Nortek, Inc., Sr. Sub. Notes
Caa1	250		8.50 %, 09/01/14	238,750
		Panolam Industries International, Inc., Notes(g)
Caa1	63		10.75 %, 10/01/13	61,110
				412,047
		Chemicals —0.5%
		Borden U.S. Finance Corp. / Nova Scotia Finance ULC(g)
B3	75		9.00 %, 07/15/14	73,781
		Equistar Chemicals LP, Gtd. Notes
B2	150		10.125 %, 09/01/08	161,625

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Chemicals (cont’d)
			Hercules Inc., Debs.
Ba1		200		6.60 %, 08/01/27	204,000
			Huntsman Advanced Materials LLC, Sec’d. Notes
Ba3		120		11.00 %, 07/15/10	133,200
			Huntsman International LLC
B2		125		9.875%, 03/01/09	131,250
B3		15		10.125%, 07/01/09	15,431
			IMC Global, Inc., Sr. Sec’d. Notes
Ba3		225		10.875 %, 06/01/08-08/01/2013	258,938
Ba3		50		11.25%, 06/01/11	54,250
			ISP Chemco, Inc., Sr. Sub. Notes, Ser. B
B1		100		10.25 %, 07/01/11	106,375
			KRATON Polymers, Sr. Sub. Notes
Caa1		125		8.125 %, 01/15/14	113,125
			Lyondell Chemical Co., Gtd. Notes
B1		120		9.50 %, 12/15/08	125,700
			OM Group, Inc., Gtd. Notes
Caa1		54		9.25 %, 12/15/11	51,975
			PQ Corp., Gtd. Notes 144A(g) Sr. Sub. Notes
B3		75		7.50 %, 02/15/13	69,000
			Rhodia SA, Sr. Notes
B3		200		10.25 %, 06/01/10	213,000
			Rhodia SA, Sr. Sub. Notes
Caa1		95		8.875 %, 06/01/11	89,775
			Rockwood Specialties Corp., Gtd. Notes
B3	EUR	125		7.625 %, 11/15/14	151,305
			Rockwood Specialties, Inc., Sr. Sub. Notes
B3		90		10.625 %, 05/15/11	96,300
					2,049,030
			Conglomerates —0.1%
			Blount, Inc., Sr. Sub. Notes
B3		100		8.875 %, 08/01/12	105,250
			Manitowoc Co., Inc., Sr. Sub. Notes
B2		127		10.50 %, 08/01/12	142,240
					247,490
			Consumer Cyclical - Services —0.1%
			Affinion Group Inc.(g)
B3		62		10.125 %, 10/15/13	58,900
			Crystal US Holdings LLC, Sr. Disc. Notes, Zero Coupon    (Until 10/01/09)
Caa2		125		10.50 %, 10/01/14	86,562
			Great Lakes Dredge & Dock Corp.
Caa3		40		7.75 %, 12/15/13	37,000
			K&F Acquisition, Inc., Gtd. Notes, PIK
Caa1		125		7.75 %, 11/15/14	125,000
			Nell AF SARL, Sr. Notes, 144A(g)
B2		125		8.375 %, 08/15/15	120,000
			United Rentals North America, Inc., Sr. Sub. Notes
Caa1		50		7.75 %, 11/15/13	47,500
					474,962
			Consumer Products —0.2%
			Aearo Co., Sr. Sub. Notes
B3		125		8.25 %, 04/15/12	124,375
			Church & Dwight Co. Inc., Co. Guart’d Notes
Ba3		125		6.00 %, 12/15/12	121,250
			Delco Remy International, Inc., Sr. Sub. Notes
Caa1		125		9.375 %, 04/15/12	53,750
			Iron Mountain, Inc., Sr. Sub. Notes
Caa1		75		8.625 %, 04/01/13	78,188
			Johnson Diversified Holdings, Inc., Gtd.Notes
B3		55		9.625 %, 05/15/12	54,450

STRATEGIC PARTNERS MODERATE ALLOCATION FUND
	Schedule of Investments As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Consumer Products (cont’d)
		Johnson Diversified Holdings, Inc., Sr. Disc. Notes, Zero Coupon    (until 05/15/07)
Caa1	100		10.67 %, 05/15/13	72,000
		Playtex Products, Inc., Gtd. Notes
Caa2	125		9.375 %, 06/01/11	129,375
		Quiksilver, Inc., Sr. Notes  144A(g)
B1	125		6.875 %, 04/15/15	115,937
		TRW Automotive, Inc., Sr. Notes
Ba3	59		9.375 %, 02/15/13	63,425
		United Rentals North America, Inc., Gtd. Notes
B3	25		6.50 %, 02/15/12	23,969
				836,719
		Consumer Products & Services —0.1%
		Clorox Co., Sr. Notes(c)
A3	500		3.525 %, 12/14/07	500,602
		Spectrum Brands, Inc., Gtd. Notes
B3	125		7.375 %, 02/01/15	107,969
				608,571
		Containers —0.1%
		Crown Euro Holdings SA, Sr. Sec’d. Notes
B1	250		9.50 %, 03/01/11	275,000
		Defense
		Elan Finance Corp. PLC, Sr. Notes(g)
B3	25		7.75 %, 11/15/11	22,000
		Sequa Corp., Sr. Notes
B1	125		8.875 %, 04/01/08	128,125
				150,125
		Electric —0.2%
		AES Corp., Sr. Notes
B1	175		9.375 %, 09/15/10	189,875
		Calpine Corp., Sr. Notes(g)
B-	225		8.75 %, 07/15/13	155,812
		CMS Energy Corp., Sr. Notes
B1	60		8.50 %, 04/15/11	65,550
		Dynegy Holdings, Inc., Sec’d. Notes
B3	10		9.875%, 07/15/10	10,750
B3	130		10.125%, 07/15/13	143,000
		Edison Mission Energy, Sr. Notes
B1	130		7.73 %, 06/15/09	134,875
		Homer City Funding LLC, Gtd. Notes
Ba2	47		8.137 %, 10/01/19	52,170
		NoteCo Ltd., Notes(c)
NR	3		6.673 %, 06/30/25	4,555
		Sierra Pacific Resources,  Sr. Notes
B1	60		8.625 %, 03/15/14	65,400
		Texas Genco LLC, Sr. Notes(g)
B1	175		6.875 %, 12/15/14	187,250
				1,009,237
		Electronic Components & Equipment
		Legrand Holding SA, Sr. Unsub. Notes
B1	125		10.50 %, 02/15/13	141,562
		Energy —0.4%
		AES Eastern Energy, Pass-Thru Certificates, Class A-1
Ba1	162		9.00 %, 01/02/17	187,447
		Chesapeake Energy Corp., Sr. Notes
Ba2	175		6.375%, 06/15/15	171,937
Ba2	125		6.875%, 01/15/16	126,563
		CMS Energy Corp., Sr. Notes
B1	140		7.50 %, 01/15/09	145,075

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Energy (cont’d)
			El Paso Natural Gas Co. LLC, Bonds
B1		125		8.375 %, 06/15/32	138,210
			Encore Acquisition Co., Sr. Sub. Notes
B2		50		6.25 %, 04/15/14	48,500
			Forest Oil Corp., Sr. Notes
Ba3		40		8.00 %, 12/15/11	43,700
			Inergy L.P., Sr. Notes
B1		50		6.875 %, 12/15/14	47,375
			Magnum Hunter Resources, Inc., Gtd. Notes
Ba3		7		9.60 %, 03/15/12	7,560
			Mission Energy Holdings, Co., Sr. Sec’d. Notes
B2		30		13.50 %, 07/15/08	34,725
			Nevada Power Co., Notes
Ba1		6		10.875 %, 10/15/09	6,570
			Nevada Power, Ref. Mtge. Bonds
Ba1		80		6.50 %, 04/15/12	81,400
			NRG Energy, Inc., Sr. Sec’d. Notes
B1		85		8.00 %, 12/15/13	92,650
			Orion Power Holdings, Inc., Sr. Notes
B2		115		12.00 %, 05/01/10	135,125
			Parker Drilling Co., Gtd. Notes
B2		5		10.125 %, 11/15/09	5,175
			Premcor Refining Group Inc. (The)
Baa3		110		6.75 %, 05/01/14	114,950
			Pride International, Inc., Sr. Notes
Ba2		25		7.375 %, 07/15/14	26,938
			Stone Energy Corp.
B2		145		8.25 %, 12/15/11	150,800
					1,564,700
			Entertainment —0.2%
			AMC Entertainment Inc
B2		75		8.625 %, 08/15/12	75,563
			Boyd Gaming Corp., Sr. Sub. Notes
B1		205		8.75 %, 04/15/12	219,094
			Codere Finance SA,  Sr. Notes (Luxembourg)(g)
NR	EUR	63		8.25 %, 06/15/15	78,711
			Intrawest Corp
B1		75		7.50 %, 10/15/13	76,312
			Penn National Gaming, Inc., Sr. Sub. Notes
B3		50		6.75 %, 03/01/15	48,000
			Royal Caribbean Cruises Ltd
Ba1		25		7.50%, 10/15/27	25,813
Ba1		125		8.00%, 05/15/10	135,000
			Six Flags Inc
Caa1		25		9.625 %, 06/01/14	24,750
			Universal City Florida Holding Co., Sr. Notes
B3		75		8.375 %, 05/01/10	76,875
			Warner Music Group, Sr. Sub. Notes
B3		125		7.375 %, 04/15/14	121,875
					881,993
			Environmental —0.1%
			Alliance One International Inc(g) Notes 144A
B2		63		11.00 %, 05/15/12	52,920
			Allied Waste North America, Inc., Sr. Notes
B2		50		7.875 %, 04/15/13	51,250
			Allied Waste North America, Inc., Sr. Notes, Ser. B
B2		165		8.50 %, 12/01/08	171,600

STRATEGIC PARTNERS MODERATE ALLOCATION FUND
	Schedule of Investments As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Environmental (cont’d)
			Allied Waste North America, Sr. Notes
B2		55		6.50 %, 11/15/10	53,350
					329,120
			Finance —0.1%
			Arch Western Finance LLC, Sr. Notes
Ba3		50		6.75 %, 07/01/13	50,250
			Cellu Tissue Holdings Inc
B2		100		9.75 %, 03/15/10	97,000
			E*trade Financial Corp.(g)
B1		63		7.375 %, 09/15/13	62,055
			Eircom Funding, Gtd. Notes (Ireland)
B1		55		8.25 %, 08/15/13	59,263
			Kloeckner Investment Sca, Sr. Notes
NR		63		10.50 %, 05/15/15	83,241
					351,809
			Financial - Bank & Trust —0.1%
			HSBC Bank USA Na,
Aa2		400		3.99 %, 09/21/07	400,478
			Financial Institutions —0.1%
			Ray Acquisition SCA. Sr. Sub. Notes (France) 144A
Caa1	EUR	250		9.375 %, 03/15/15	307,103
			Standard Aero Holdings Inc., Sr. Sub. Notes
Caa1		40		8.25 %, 09/01/14	38,000
					345,103
			Financial Services —0.3%
			General Electric Capital Corp., Sr. Unsec’d. Notes (Japan)
NR	JPY	36,000		1.40 %, 11/02/06	313,164
			General Motors Acceptance Corp., Bonds
NR		63		8.00 %, 11/01/31	65,037
			General Motors Acceptance Corp., Notes
Ba1		625		6.875 %, 09/15/11	606,012
			Pemex Project Funding Master Trust, Gtd. Notes
Baa1		250		9.50 %, 03/30/18	311,250
					1,295,463
			Food And Beverage —0.1%
			Dole Foods Co., Inc., Sr. Notes
B2		38		8.625%, 05/01/09	39,282
B2		55		8.875%, 03/15/11	56,925
			Landry’s Restaurants, Inc., Gtd. Notes
B2		125		7.50 %, 12/15/14	115,000
			Smithfield Foods, Inc., Sr. Notes
Ba2		100		8.00 %, 10/15/09	105,625
			United Biscuits, Co., Gtd. Notes (United Kingdom)
B3	EUR	125		10.625 %, 04/15/11	160,293
					477,125
			Gaming —0.4%
			Isle of Capri Casinos, Inc., Sr. Sub. Notes
B2		75		7.00 %, 03/01/14	70,875
			Kerzner International Ltd., Sr. Sub. Notes(g)
B2		125		6.75 %, 10/01/15	118,750
			MGM Mirage Inc., Sr. Notes 144A(g)
Ba2		125		6.625 %, 07/15/15	121,250
			MGM Mirage, Gtd. Notes
Ba2		290		6.00 %, 10/01/09	284,925
			MGM Mirage, Inc., Gtd. Notes
Ba2		145		9.75 %, 06/01/07	152,250
			MGM Mirage., Gtd. Notes(g)
Ba2		125		6.625 %, 07/15/15	121,250

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Gaming (cont’d)
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
Ba3	110		8.00 %, 04/01/12	114,538
		Park Place Entertainment Corp., Sr. Sub. Notes
Ba1	30		9.375 %, 02/15/07	31,275
		Park Place Entertainment Corp., Sr. Sub. Notes
Ba1	125		7.875%, 03/15/10	133,281
Ba1	60		8.125%, 05/15/11	65,550
		Seneca Gaming Corp., Sr. Notes(g)
B1	63		7.25 %, 05/01/12	64,339
		Station Casinos, Inc., Sr. Sub. Notes
Ba3	250		6.875 %, 03/01/16	251,875
		Wynn Las Vegas LLC Wynn Las Vegas Capital Corp. Notes
B2	265		6.625 %, 12/01/14	252,412
				1,782,570
		Health Care & Pharmaceutical —0.5%
		Alliance Imaging, Inc., Sr. Sub. Notes
B3	25		7.25 %, 12/15/12	21,875
		Concentra Operating Corp., Sr. Sub. Notes
B3	100		9.125 %, 06/01/12	103,000
		Coventry Health Care Inc
Ba1	50		8.125 %, 02/15/12	53,250
		HCA, Inc., Debs.
Ba2	50		8.36 %, 04/15/24	52,435
		HCA, Inc., Notes
Ba2	50		5.50%, 12/01/09	48,706
Ba2	125		6.375%, 01/15/15	122,655
Ba2	50		7.50%, 12/15/23	49,002
Ba2	55		9.00%, 12/15/14	62,677
		Healthsouth Corp
WR	100		8.50 %, 02/01/08	98,000
		Healthsouth, Corp., Notes
WR	100		7.625 %, 06/01/12	94,000
		Iasis Healthcare Llc   Iasis Capital Corp
B3	70		8.75 %, 06/15/14	71,750
		Magellan Health Services Inc., Sr. Notes
B3	178		9.375 %, 11/15/08	186,384
		Medical Device Manufacturing, Inc., Gtd. Notes 144A
Caa1	75		10.00 %, 07/15/12	87,750
		Mylan Laboratories, Inc., Sr. Notes 144A(g)
Ba1	63		6.375 %, 08/15/15	62,213
		Omega Healthcare Investors, Inc., Sr. Notes 144A
B1	25		7.00 %, 04/01/14	25,125
		Select Medical Corp.,Gtd. Notes
B3	50		7.625 %, 02/01/15	46,375
		Tenet Healthcare Corp., Sr. Notes
B3	65		6.375%, 12/01/11	56,713
B3	40		6.50%, 06/01/12	34,800
		Tenet Healthcare Corp., Sr. Notes 144A(g)
B3	75		9.25 %, 02/01/15	71,062
		Vanguard Health Holdings Co. LLC II, Sr. Sub. Notes
Caa1	75		9.00 %, 10/01/14	78,187
		Ventas Realty Lp Ventas Capital Corp
Ba3	121		8.75%, 05/01/09	129,167
Ba3	120		9.00%, 05/01/12	135,000
		VWR International, Inc., Sr. Sub. Notes
Caa1	125		8.00 %, 04/15/14	121,250

STRATEGIC PARTNERS MODERATE ALLOCATION FUND
	Schedule of Investments As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Health Care & Pharmaceutical (cont’d)
			Warner Chilcott Corp., Gtd. Notes 144A(g)
Caa1		125		8.75 %, 02/01/15	115,000
					1,926,376
			Hotels & Motels —0.1%
			ITT Corp., Debentures
Ba1		200		7.375 %, 11/15/15	212,000
			Lodging —0.2%
			HMH Properties, Inc., Gtd. Notes, Series B
Ba3		13		7.875 %, 08/01/08	13,146
			Host Marriott Corp., Co. Gtd.
Ba3		50		9.25 %, 10/01/07	52,875
			Host Marriott L.P. Sr. Notes
Ba3		75		7.00 %, 08/15/12	75,562
			Host Marriott L.P., Gtd. Notes
Ba3		185		9.50 %, 01/15/07	193,094
			Host Marriott, L.P. Sr. Notes
Ba3		45		7.125 %, 11/01/13	45,619
			K Hovnanian Enterprises, Inc.
Ba1		25		6.25 %, 01/15/15	22,548
			KB Home, Sr. Notes
Ba2		95		8.625 %, 12/15/08	100,113
			Meritage Homes Corp., Sr. Notes
Ba3		125		6.25 %, 03/15/15	108,750
			Senior Housing Properties Trust, Sr. Notes
Ba2		80		8.625 %, 01/15/12	88,000
			Starwood Hotels & Resorts Worldwide, Inc., Gtd. Notes
Ba1		70		7.875 %, 05/01/12	75,425
					775,132
			Machinery
			Terex Corp., Gtd. Notes
Caa1		170		10.375 %, 04/01/11	181,475
			Media & Entertainment —0.1%
			American Color Graphics, Inc., Sr. Notes
Caa3		35		10.00 %, 06/15/10	23,188
			WDAC Subsidiary Corp., Sr. Notes
Caa1	EUR	250		8.50 %, 12/01/14	286,879
					310,067
			Media - Broadcast Towers
			American Tower Corp., Sr. Notes
B1		125		7.50 %, 05/01/12	130,312
			Media - Broadcasting & Radio
			Lin Television Corp., Sr. Sub. Notes(g)
B1		63		6.50 %, 05/15/13	59,693
			Media - Cable — 0.1%
			Callahan Nordrhein-Westfalen Gmbh(g)
WR		50		16.00 %, 07/15/10	4,500
			Charter Communications Corp., Sr. Notes(g)
Ca		188		Zero Coupon, 05/15/14	119,380
			Charter Communications Holdings II, Sr. Notes
Caa1		125		10.25 %, 09/15/10	125,313
			CSC Holdings, Inc., Sr. Notes
B1		20		7.875 %, 12/15/07	20,500
			CSC Holdings, Inc., Sr. Notes 144A(g)
B1		75		7.00 %, 04/15/12	72,375

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Corporate Bonds (cont’d)
			Media - Cable (cont’d)
			Kabel Deutschland Gmbh., Gtd. Notes(g)
B2		65		10.625 %, 07/01/14	69,956
					412,024
			Media - Non Cable — 0.2%
			DirecTV Holdings LLC / DirecTV Financing Co., Sr. Notes
Ba2		48		8.375 %, 03/15/13	51,960
			Echostar DBS Corp Sr. Notes 144A
Ba3		125		6.625 %, 10/01/14	121,250
			Emmis Operating Co., Sr. Sub. Notes
B2		125		6.875 %, 05/15/12	123,438
			Lighthouse International Co. SA, Sr. Notes (Luxembourg)
B3	EUR	125		8.00 %, 04/30/14	157,297
			Panamsat Corp., Gtd. Notes 144A
B1		125		9.00 %, 08/15/14	131,562
			Quebecor Media, Inc.
B2		150		11.125 %, 07/15/11	162,375
					747,882
			Metals — 0.2%
			AK Steel Corp., Gtd. Notes
B1		60		7.75%, 06/15/12	54,000
B1		100		7.875%, 02/15/09	95,250
			Impress Group, Sr. Notes
B2		150		10.50 %, 05/25/07	190,194
			Ispat Inland ULC, Sec’d. Notes
Ba1		110		9.75 %, 04/01/14	124,300
			Novelis, Inc., Sr. Notes(g)
B1		125		7.25 %, 02/15/15	114,062
			Oregon Steel Mills, Inc., /gtd. Notes
Ba3		50		10.00 %, 07/15/09	53,625
			Progress Rail Services Corp., Sr. Notes(g)
B2		63		7.75 %, 04/01/12	64,418
			Ryerson Tull, Inc., Sr. Notes
B2		40		8.25 %, 12/15/11	38,700
			United States Steel Corp., Sr. Notes
Ba2		125		10.75 %, 08/01/08	138,750
					873,299
			Oil & Gas Exploration & Production — 0.2%
			El Paso Corp., Notes
Caa1		125		7.875 %, 06/15/12	127,500
			El Paso Corp., Sr. Notes
Caa1		375		7.80 %, 08/01/31	372,187
			El Paso Production Holding Co., Gtd. Notes
B3		275		7.75 %, 06/01/13	283,250
			Vintage Petroleum, Inc., Sr. Notes
Ba3		75		8.25 %, 05/01/12	80,813
			Williams Cos., Inc., Sr. Notes
B1		125		7.625 %, 07/15/19	132,500
					996,250
			Oil, Gas & Consumable Fuels
			Pacific Energy Partners Lp, Sr. Notes, 144A
Ba2		75		7.125 %, 06/15/14	78,000
			Packaging — 0.1%
			Graham Packaging Co., Gtd. Notes
Caa1		63		8.50 %, 10/15/12	60,480
			Graham Packaging Co., Sub. Notes 144A
Caa2		175		9.875 %, 10/15/14	163,625
			Graham Packaging International Corp., Sr. Sub. Notes
B3		125		9.50 %, 08/15/13	112,187

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Packaging (cont’d)
		Owens Brockway Glass Container, Inc., Notes
B1	250		8.75 %, 11/15/12	268,125
				604,417
		Paper —0.2%
		Abitibi-Consolidated, Inc., Notes
Ba3	150		5.25 %, 06/20/08	138,750
		Ainsworth Lumber Co., Ltd., Sr. Notes
B2	25		6.75%, 03/15/14	21,375
B2	125		7.25%, 10/01/12	112,812
		Georgia-Pacific Corp., Notes
Ba2	100		7.50%, 05/15/06	101,000
Ba2	45		8.125%, 05/15/11	48,825
Ba2	80		8.875%, 05/15/31	91,000
		Jefferson Smurfit Corp., Gtd. Notes
B2	100		7.50%, 06/01/13	90,000
B2	25		8.25%, 10/01/12	23,563
		Mercer International, Inc., Sr. Notes
Caa1	25		9.25 %, 02/15/13	21,000
		Millar Western Forest Products, Ltd., Sr. Notes
B2	100		7.75 %, 11/15/13	81,500
		Tembec Industries, Inc., Gtd. Notes ( Canada)
B3	90		7.75 %, 03/15/12	56,250
				786,075
		Pharmaceuticals
		Amerisourcebergen, Corp., Notes(g)
Ba2	125		5.625 %, 09/15/12	120,313
		Pipelines —0.2%
		Hanover Compressor Co., Gtd. Notes
B3	75		8.625 %, 12/15/10	79,500
		Hanover Equipment Trust, Sec’d. Notes
B2	50		8.75 %, 09/01/11	53,000
		Newfield Exploration Co., Sr. Sub. Notes
Ba3	50		8.375 %, 08/15/12	53,625
		Premcor Refining Group, Inc. (The), Sr. Notes
Baa3	25		7.50 %, 06/15/15	26,625
		Tennessee Gas Pipeline Co., Debs
B1	50		7.00%, 10/15/28	48,312
B1	155		7.625%, 04/01/37	159,120
		Transmontaigne, Inc., Sr. Sub. Notes
B3	55		9.125 %, 06/01/10	54,450
		Williams Cos., Inc., Notes
B1	175		7.125%, 09/01/11	180,469
B1	95		8.125%, 03/15/12	102,600
				757,701
		Publishing —0.2%
		Dex Media East LLC, Gtd. Notes
B2	134		12.125 %, 11/15/12	156,445
		Dex Media West Finance, Sr. Sub. Notes
B2	147		9.875 %, 08/15/13	162,067
		Houghton Mifflin Co., Sr. Sub. Notes
Caa1	125		9.875 %, 02/01/13	129,063
		Medianews Group, Inc., Sr. Sub. Notes
B2	100		6.875 %, 10/01/13	98,750

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Publishing (cont’d)
		Vertis, Inc., Gtd. Notes, Series B
Caa1	70		10.875 %, 06/15/09	65,100
				611,425
		Retailers —0.1%
		Autonation, Inc., Gtd. Notes
Ba2	25		9.00 %, 08/01/08	27,000
		Neiman Marcus Group, Inc., Sr. Unsec`d. Notes 144A(g)
B2	62		9.00 %, 10/15/15	60,915
		Suburban Propane Partners LP, Sr. Notes
B1	125		6.875 %, 12/15/13	115,000
		Toys R US Inc., Notes
B3	30		7.875 %, 04/15/13	24,150
				227,065
		Retailers - Food & Drug —0.1%
		Agrilink Foods, Inc., Gtd. Notes
B3	17		11.875 %, 11/01/08	17,383
		Ahold Finance USA, Inc., Notes
Ba2	25		8.25 %, 07/15/10	26,875
		Biovail Corp., Sr. Sub. Notes
B2	125		7.875 %, 04/01/10	128,906
		Jean Coutu PJC, Inc. Sr. Sub. Notes ( Canada)
B3	90		8.50 %, 08/01/14	83,475
				256,639
		Technology —0.3%
		BE Aerospace, Inc., Sr. Sub. Notes
Caa2	125		8.875 %, 05/01/11	130,937
		Flextronics International, Ltd., Sr. Sub. Notes
Ba2	75		6.25 %, 11/15/14	72,750
		Invensys PLC, Sr. Notes 144A(g)
B3	40		9.875 %, 03/15/11	38,400
		L-3 Communications Corp., Sr. Sub. Notes
Ba3	125		6.375%, 10/15/15	123,438
Ba3	125		7.625%, 06/15/12	130,625
		Sanmina - SCI Corp., Gtd. Notes
Ba2	115		10.375 %, 01/15/10	125,925
		Sungard Data Systems Inc., Sr. Unsec’d. Notes(g)
B3	125		9.125 %, 08/15/13	126,875
		Tyco International Group SA(g)
Baa3	20		3.125 %, 01/15/23	25,575
		UGS Corp. Co., Gtd. Notes
B3	250		10.00 %, 06/01/12	273,125
		Xerox Corp., Sr. Notes
Ba2	100		7.625 %, 06/15/13	105,000
				1,152,650
		Telecommunication Services
		MCI, Inc., Sr. Notes
B2	70		6.908 %, 05/01/07	70,700
		Telecommunications
		Qwest Capital Funding Corp., Gtd. Notes
Caa2	100		7.25 %, 02/15/11	95,500
		Rogers Wireless, Inc., Sec’d. Notes
Ba3	25		7.50 %, 03/15/15	26,812
				122,312
		Telecommunications - Cellular —0.5%
		Alamosa Delaware, Inc., Sr. Notes
Caa1	125		8.50%, 01/31/12	129,687
Caa1	100		11.00%, 07/31/10	110,750
		AT&T Corp., Sr. Notes
Ba1	86		9.05 %, 11/15/11	95,030

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Telecommunications - Cellular (cont’d)
		Centennial Communications Corp., Sr. Notes
B3	125		8.125 %, 02/01/14	129,375
		Cincinnati Bell, Inc., Sr. Sub Notes
B3	50		8.375 %, 01/15/14	48,625
		Citizens Communications Co., Notes
Ba3	250		9.25 %, 05/15/11	270,625
		Citizens Communications Co., Sr. Notes
Ba3	85		6.25 %, 01/15/13	80,538
		Dobson Cellular Systems
B1	25		8.443 %, 11/01/11(c)	25,938
		Dobson Communications Corp., Sr. Notes
Caa2	125		8.875 %, 10/01/13	122,187
		Intelsat Bermuda Ltd., Sr. Notes 144A(g)
B2	150		8.25 %, 01/15/13	149,625
		MCI Inc., Sr. Notes
NR	101		7.688 %, 05/01/09	104,661
		Nextel Communications, Sr. Notes
Baa2	125		5.95 %, 03/15/14	125,389
		Nortel Networks Corp., Gtd. Notes
B3	40		4.25 %, 09/01/08	37,350
		Nortel Networks Ltd., Notes
B3	25		6.125 %, 02/15/06	24,938
		Qwest Capital Funding, Gtd. Notes
Caa2	125		7.00 %, 08/03/09	122,500
		Qwest Corp., Gtd. Notes
Ba3	225		7.875 %, 09/01/11	235,687
		Qwest Services Corp., Notes
Caa1	186		13.50 %, 12/15/10	212,505
		Rodgers Wireless Inc., Sr. Sub. Notes ( Canada)
B2	25		8.00 %, 12/15/12	26,438
		Rogers Wireless, Inc., Sec’d. Notes ( Canada)
Ba3	65		9.625 %, 05/01/11	74,588
		US Unwired, Inc., Sec’d. Notes
B2	25		8.12 %, 06/15/10(c)	25,500
				2,151,936
		Textiles, Apparel & Luxury Goods
		Levi Strauss & Co., Sr. Notes
Caa2	90		12.25 %, 12/15/12	98,775
		Propex Fabrics, Inc. Gtd. Notes
Caa1	75		10.00 %, 12/01/12	65,156
				163,931
		Transportation
		Stena AB, Sr. Notes Sr. Notes ( Sweden). 144A
Ba3	75		7.50 %, 11/01/13	71,250
		Utilities —0.2%
		Allegheny Energy Supply Co. LLC, Notes 144A(g)
Ba3	30		8.25 %, 04/15/12	33,150
		Midwest Generation LLC, Pass-Through Certificates
B1	30		8.30 %, 07/02/09	31,350
		Midwest Generation LLC, Sec’d. Notes
B1	14		8.56%, 01/02/16	15,470
B1	125		8.75%, 05/01/34	136,875
		PPL Capital Funding, Inc., Trust I Co., Gtd. Notes
Ba1	300		7.29 %, 05/18/06	303,087
		Reliant Energy, Inc., Sec’d. Notes
B1	135		9.50 %, 07/15/13	143,775
		Southern Natural Gas Co., Unsec’d. Notes
B1	50		8.875 %, 03/15/10	53,661

MOODY’S RATINGS	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		Corporate Bonds (cont’d)
		Utilities (cont’d)
		Tennessee Gas Pipeline Co., Debs.
B1	105		7.00 %, 03/15/27	106,904
		TXU Energy Co. LLC, Notes(c)
Baa2	99		4.92 %, 01/17/06	99,020
				923,292
		Total corporate bonds   (cost $31,226,957)		31,320,527

	PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
		U.S. Government Mortgage Backed Obligations — 14.7%
		Federal Home Loan Mortgage Corp.
$	594		4.41 %, 09/01/35		587,467

662		6.00 %, 08/01/06-09/01/22	$	676,262
	Federal National Mortgage Assoc.
405		3.741 %, 07/25/35		404,521
9,993		4.00 %, 05/01/19-01/01/20		9,476,640
20		4.24 %, 10/18/30		20,535
126		4.41 %, 05/01/36		126,463
740		4.50 %, 08/01/33		693,673
481		4.725 %, 12/01/34		476,533
136		5.00 %, 02/01/19		133,827
195		5.317 %, 09/01/34		195,694
32,009		5.50 %, 07/01/14-10/01/35		31,600,979
17,000		5.50 %, TBA		16,766,250
343		5.936 %, 11/01/11		357,185
67		6.00 %, 03/01/17		68,847
749		6.30 %, 10/17/38		788,872
	Government National Mortgage Assoc.
12		3.75 %, 09/20/22		12,200
49		4.125 %, 10/20/27-11/20/29		49,160
11		4.218 %, 11/15/30		11,213
57		4.272 %, 02/16/30		57,664
67		4.50 %, 08/15/33		63,644
191		5.50 %, 01/15/32		191,232
84		7.50 %, 01/15/21		83,737
21		8.50 %, 05/20/30-04/20/31		22,391
	Total U.S. Government mortgage backed obligations    (cost $63,775,319)			62,864,989
	U.S. Treasury Obligations —12.6%
	United States Treasury Bonds
2,650		6.25 %, 08/15/23		3,092,735
750		6.50 %, 11/15/26		913,799
600		6.625 %, 02/15/27		742,336
100		8.125 %, 08/15/19		133,543
2,900		8.875 %, 08/15/17-02/15/19		4,001,198
1,850		9.00 %, 11/15/18		2,608,789
	United States Treasury Inflationary Bonds [TIPS]
3,000		0.875%, 04/15/10		2,988,395
	United States Treasury Notes
800		3.125 %, 01/31/07		787,718
10,400		3.375 %, 09/15/09-10/15/09		10,007,262
2,700		3.50 %, 02/15/10		2,598,539
2,900		3.625 %, 07/15/09-01/15/2010		2,817,429
3,100		4.00 %, 03/15/10-04/15/2010		3,041,366
12,900		4.25 %, 08/15/14-11/15/2014		12,586,372
6,800		4.875 %, 02/15/12		6,935,204
	United States Treasury Strip, P/O
1,550		Zero coupon , 11/15/16-02/15/2022		747,082
	Total U.S. Treasury obligations    (cost $54,484,521)			54,001,767

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Collateralized Mortgage Obligations —1.7%
			BankTrust Mortgage Trust, Ser. 1, Class G
NR		252		5.70 %, 12/01/23	203,968
			Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-4 ,   Class 23A2
Aaa		449		5.433 %, 05/25/35	448,111
			Commercial Mortgage Pass Through Certificates, Series    2005-F10A Class Moa1
Aaa		1,700		3.948 %, 03/15/20(c)	1,699,682
			FHLMC Structured Pass Through Securities, Series T-61,   Class 1A1
Aaa		2,459		4.137 %, 07/25/44	2,466,620
			GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1(c) Sr   Mortgage Loan Trust, Series 2005-Ar6 Class 2A1
NR		600		4.541 %, 12/25/34	590,052
			Washington Mutual, Inc., Series 2003-R1, Class A1(c)
Aaa		1,416		4.308 %, 12/25/27	1,414,782
			Washington Mutual, Inc., Series 2005-AR1, Class AR1(c)
Aaa		600		Zero Coupon , 10/25/35	600,564
			Total Collateralized Mortgage Obligations   (cost $7,501,655)		7,423,779
			Foreign Government Bonds —1.0%
			Rebublic of Brazil ( Brazil)
B1		60		8.25 %, 01/20/34	58,380
B1		70		10.00%, 08/07/11	79,800
B1		800		11.00 %, 01/11/12-08/17/2040	957,175
			Republic of Italy ( Italy)
Aa2		54,000		3.80 %, 03/27/08	501,628
			Republic of Panama ( Panama)
Ba1		200		9.625 %, 02/08/11	230,000
			Russian Federation ( Russia)
Baa3		850		5.00 %, 03/31/30	944,860
			United Kingdom Treasury ( United Kingdom)
Aaa	GBP	600		4.75%, 06/07/10	1,080,822
Aaa		200		5.75%, 12/07/09	372,693
			Total Foreign Government Bonds   (cost $4,051,517)		4,225,358
			Municipals —0.8%
			Florida State Board of Education
Aa1		400		5.00 %, 06/01/32	410,956
			Georgia State Road & Tollway Authority Revenue Bonds
Aaa		200		5.00 %, 03/01/21	210,978
			Golden State Tobacco Securitization Corp Ca Series 2003-A-1
Baa3		250		6.25 %, 06/01/33	274,468
			Massachusetts Water Resources Authority, Series J
Aaa		250		5.00 %, 08/01/32	255,875
			Salt River Project Agricultural Improvement & Power District
Aa2		500		4.75 %, 01/01/32	499,970
			San Antonio Texas Water Revenue
Aaa		400		5.00 %, 05/15/25	412,116
			South Carolina State Highway, Series B
Aaa		200		5.00 %, 04/01/17	211,594
			South Central Regional Water Authority Water System Revenue   Bonds
Aaa		600		5.00 %, 08/01/26	627,204

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION			VALUE
			Municipals (cont’d)
			Tobacco Settlement Financing Corp.
Baa3	$	300		6.00%, 06/01/37	$	313,221
Baa3		250		6.375%, 06/01/32		277,282
			Total municipals   (cost $3,275,277)			3,493,664
			Asset-Backed Securities
			Brazos Student Loan Finance Corp., Student Loan Assoc., Notes Series 1998-A Class A2 (cost $180,289)
Aaa		182		4.238 %, 06/01/23(c)		182,908

UNITS	DESCRIPTION		VALUE
	Warrants
333		Gentek, Inc., Class B, expires 10/31/08 (g)	1,365
162		Gentek, Inc., Class C, expires 10/31/10 (g)	729
1,525		McLeod USA, Inc., expires 4/16/07	9
	Total warrants   (cost $0)		2,103

SHARES	DESCRIPTION		VALUE
	Rights (a)
	Commercial Banks
9,900		Oko Bank, expires 11/15/05 ( Finland) (cost $39,067)	189
	Total long-term investments   (cost $410,064,560 )		432,341,543

PRINCIPAL AMOUNT (000)#		DESCRIPTION	VALUE
	SHORT-TERM INVESTMENTS —10.6%
	Commercial Paper —0.1%
	Viacom, Inc. (Cost $597,936)
600		4.27%, 11/30/05	597,936

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Foreign Government Bonds —3.3%
			Bank of England DN ( United Kingdom)(n)
NR		2,600		2.34 %, 12/15/05	3,108,073
			Dutch Treasury ( Netherlands)
NR	EUR	1,700		2.06%, 12/15/05	2,032,288
NR		2,500		2.21%, 11/30/05	2,991,365
			French Treasury Bill(n)
NR		2,700		2.23 %, 12/29/05	3,224,915

MOODY’S RATINGS		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			Foreign Government Bonds (cont’d)
			German Treasury Bill ( Germany)(n)
NR	EUR	2,200		2.02 %, 01/18/06	2,624,729
			Total Foreign Government Bonds   (cost $14,127,116)		13,981,370
		SHARES
			Money Market Mutual Fund —7.1%
		30,409,509		Dryden Core Investment Fund - Taxable Money Market Series   (w)	30,409,509
			Total Money Market Mutual Fund   (cost $30,409,509)		30,409,509
		PRINCIPAL AMOUNT (000)#	DESCRIPTION		VALUE
			U.S. Treasury Obligations —0.1%
			U S Treasury Bills
		345		4.00%, 12/15/05	343,489
		150		3.495%, 12/15/05	149,359
			Total U.S. Treasury obligations   (cost $492,930)		492,848
			Total short-term investments   (cost $45,752,146 )		45,598,007
		CONTRACTS/ NOTIONAL AMOUNT (000)#	DESCRIPTION		VALUE
			Outstanding Options Purchased
			Call Options
		3,200		Swap Option on 3 Month LIBOR, expiring 10/12/06 @ 4.25%	5,616
		690		Swap Option on 3 Month LIBOR, expring 10/18/06 @ 4.50%	21,348
		280		Swap Option on 3 Month LIBOR, expring 10/19/06 @ 4.25%	5,060
					32,024
			Put Options
		50		Euro Futures, expiring 03/13/06 @ $92.50	313
		154		Euro Futures, expiring 12/19/05 @ $93.75	962
		30		Euro Futures, expiring 12/19/05 @ $94	188
		600		Swap Option on 3 Month LIBOR, expring 04/27/06 @ 6.25%	21,500
		600		Swap Option, expiring 04/27/09 @ 5.75%	61,357
					84,320
			Total Outstanding Options Purchased   (cost $124,655)		116,344
			Total Investments, Before Outstanding Options Written and   Securities Sold Short —111.4%    (cost $455,816,706)(p)		477,939,550
			SECURITIES SOLD SHORT —(4.5)%
			Short Sales —(4.5)%
			United States Treasury Notes
		800		3.375%, 09/15/09	(769,813	)
			United States Treasury Notes
		1,500		3.625%, 07/15/09	(1,458,164	)
			United States Treasury Notes
		9,200		4.25%, 11/15/14	(8,975,391	)
			United States Treasury Notes
		6,800		4.875%, 02/15/12	(6,935,204	)
			United States Treasury Notes
		1,000		6.00%, 02/15/26	(1,053,672	)
			Total SECURITIES SOLD SHORT   (cost $(19,672,813))		(19,192,244	)

STRATEGIC PARTNERS MODERATE ALLOCATION FUND

Schedule of Investments
As of October 31, 2005 (Unaudited)

CONTRACTS/ NOTIONAL AMOUNT (000)#	DESCRIPTION			VALUE
	OUTSTANDING OPTIONS WRITTEN
	Put Options
5		90 Day GBP, expiring 12/21/05 @ 94.00		(55	)
1,700		Swap Option 3 Month LIBOR, expiring 7/03/06 @ 4.0%		(5,415	)
1,400		Swap Option 3 Month LIBOR, expring 07/03/06 @ 4.30%		(6,003	)
300		Swap Option 3 Month LIBOR, expring 10/18/06 @ 4.56%		(22,572	)
120		Swap Option 3 Month LIBOR, expring 10/19/06 @ 4.31%		(5,395	)
1,700		Swap Option 3 Month LIBOR, expring 7/03/06 @ 6.0%		(1,821	)
	Total outstanding options written    (premiums received $ 140,045)			(41,261	)
	Total Investments, Net of Outstanding Options Written and Securities    Sold Short(o) —106.9%     (cost $436,003,848)			458,706,045
	Liabilities in excess of other assets(u) —(6.9)%			(29,683,201	)
	Net Assets —100%		$	429,022,844

The following abbreviations are used in portfolio descriptions:
	144A	Security was purchased pursuant to Rule 144A under the securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted 144A securities are deemed to be liquid.
	ADR	American Depositary Receipt
	NR	Not Rated by Moodys or Standard & Poor’s
	PIK	Payment-in-kind
	TBA	To Be Announced
	EUR	Euro
	GBP	Great British Pound
	JPY	Japanese Yen
		(1)	Principal amount in U.S. Dollars unless otherwise indicated.
		(2)	The fund’s current prospectus contains descriptions of Moody’s and Standard & Poor’s ratings.
		(a)	Non-income producing security.
		(c)	Indicates a variable rate security. The maturity date presented for these instruments is the next date on which the rate of interest is adjusted.
		(g)	Indicates a security that has been deemed illiquid.
		(k)	Securities or a portion thereof with an aggregate market value of $149,343 have been segregated with the custodian to cover margin requirements for futures contracts open at October 31, 2005.
		(n)	Rates shown are the effective yields at purchase date.
		(o)	As of October 31, 2005, 57 securities representing $12,888,431 and 3.0% of the total market value were fair valued in accordance with the policies adopted by the Board of Directors.
		(p)	The United States federal income tax basis of the Fund’s investments was $457,691,394; accordingly, net unrealized appreciation on investments for federal income tax purposes was $20,248,156 (gross unrealized appreciation - $33,242,565; gross unrealized depreciation - $12,994,409). The difference between book and tax basis is primarily attributable to deferred losses on wash sales.
		(w)	Prudential Investments LLC, the manager of the Fund also serves as manager of the Dryden Core Investment Fund-Taxable Money Market Series.
		(u)	Liabilities in excess of other assets includes net unrealized appreciation (depreciation) on futures contracts, forward foreign currency contracts, interest rate and credit default swaps as follows:

Number of Contracts	Type	Expiration Month		Value at Trade Date		Value at October 31, 2005		Unrealized Appreciation (Depreciation)
Long Position:
9	5 Year Treasury Note		Dec 05	$	970,734	$	953,016	$	(17,718	)
4	Eurodollar		Dec 05		956,600		955,200		(1,400	)
184	Eurodollar		Mar 06		43,901,975		43,821,900		(80,075	)
								$	(99,193	)
Short Position
37	5 Year Treasury Note		Dec 05	$	4,050,922	$	4,012,766	$	38,156
2	10 Year German Government Bond		Dec 05		290,888		288,635		2,253
								$	40,409

Forward foreign currency exchange contracts outstanding at October 31, 2005:

Purchase Contracts

Description	Value at Settlement Date Payable		Current Value		Unrealized (Depreciation)
Euros, 2,041,000, Expiring 11/08/05	$	2,452,765	$	2,447,095	$	(5,670	)
Japanese Yen, 212,720,000, Expiring, 12/01/05		1,870,981		1,833,753		(37,228	)
Pound Sterling, 765,000, Expiring 12/05/05		1,410,056		1,353,543		(56,513	)
	$	5,733,802	$	5,634,391	$	(99,411	)

Sales Contracts

Description	Value at Settlement Date Receivable		Current Value		Unrealized Appreciation (Depreciation)
Euros, 15,191,052, Expiring 11/08/05		18,322,635		18,212,828		109,807
Pound Sterling, 865,000, Expiring 11/21/05		1,520,873		1,530,685		(9,812	)
Pound Sterling, 1,500,000, Expiring 12/05/05		2,699,774		2,654,005		45,769
Mexican Peso, 14,600,000, Expiring 12/06/05		1,305,669		1,346,615		(40,946	)
	$	23,848,951	$	23,744,133	$	104,818

Interest rate swap agreements outstanding at October 31, 2005:

Counter Party	Termination Date		Notional Amount		Fixed Rate		Floating Rate		Unrealized Appreciation (Depreciation)
Bank of America, N.A. (2)	06/15/2035	USD	$	700,000	6.00	%		3 Month LIBOR	$	75,422
Barclays Capital(1)	09/15/2010	GBP		1,200,000	5.00	%		6 Month LIBOR		27,558
Goldman Sachs Capital Markets L.P.(1)	12/15/2010	USD		2,700,000	4.00	%		3 Month LIBOR		(95,173	)
Bank of America, N.A.(2)	12/15/2015	USD		2,300,000	4.00	%		3 Month LIBOR		84,707
Bank of America, N.A.(1)	12/15/2010	USD		1,700,000	4.00	%		3 Month LIBOR		(59,957	)
Morgan Stanley (2)	12/15/2010	USD		400,000	4.00	%		3 Month LIBOR		(13,550	)
RBS Greenwich Capital (1)	12/15/2010	USD		1,200,000	4.00	%		3 Month LIBOR		(40,650	)
Goldman Sachs Capital Markets L.P.(1)	12/15/2010	USD		400,000	4.00	%		3 Month LIBOR		(27,381	)
Barclays Capital (2)	12/15/2007	USD		1,500,000	4.00	%		3 Month LIBOR		(15,067	)
Merrill Lynch & Co.(2)	12/15/2014	EUR		3,300,000	4.00	%		6 Month LIBOR		(50,469	)
UBS AG(1)	10/15/2010	EUR		100,000	2.15	%		6 Month LIBOR		224
Merrill Lynch & Co. (2)	06/15/2015	JPY		60,000,000	1.50	%		6 Month LIBOR		3,781
Barclays Capital (2)	06/15/2015	JPY		30,000,000	1.50	%		6 Month LIBOR		2,109
										($108,446	)

(1) Porfolio pays the floating rate and receives the fixed rate.

(2) Portfolio pays the fixed rate and receives the floating rate.

Credit default swap agreements outstanding at October 31, 2005 were as follows:

Counter Party	Termination Date	Notional Amount		Fixed Rate			Underlying Bond	Unrealized Appreciation (Depreciation)
Morgan Stanley & Co.(1)	12/20/2008	$	200,000		0.26	%	Allstate Corp,, 6.125%, due 02/15/12		($ 471	)
UBS AG(1)	12/20/2008		200,000		0.35	%	AutoZone, Inc., 5.875%, due 10/15/12		700
Lehman Brothers (1)	12/20/2008		100,000		0.24	%	Costco Wholesale Corp., 5.50%, due 3/15/07
Goldman Sachs (2)	6/20/2010		3,900,000		0.40	%	Dow Jones CDX IG4 Index		(24,030	)
Bank of America Securities LLC (2)	6/20/2010		600,000		0.40	%	Dow Jones CDX IG4 Index		(3,697	)
Barclays Bank PLC(1)	6/20/2010		400,000		0.40	%	Dow Jones CDX IG4 Index		(2,465	)
Bear Sterns International Ltd. (2)	6/20/2010		1,700,000		0.40	%	Dow Jones CDX IG4 Index		(11,091	)
Bank of America Securities LLC (1)	12/20/2008		100,000		0.13	%	E.I. DuPont, 6.875%, due 10/15/09		58
Citigroup (1)	12/20/2008		100,000		0.28	%	Eaton Corp., 5.75%, due 7/15/12		(383	)
Barclays Bank PLC(1)	12/20/2008		200,000		0.16	%	Eli Lilly & Co., 6.00%, due 3/15/12		(649	)
Morgan Stanley & Co.(1)	12/20/2008		100,000		0.21	%	Emerson Electric Co.,6.48%,due 10/15/12		(177	)
Citigroup (1)	12/20/2008		100,000		0.29	%	FedEx Corp., 7.25%, due 2/15/11		(383	)
Lehman Brothers (1)	12/20/2008		100,000		0.97	%	Goodrich Corp., 7.625%, due 12/15/12		(1,936	)
Bear Sterns International Ltd. (1)	12/20/2008		100,000		0.32	%	Hewlett Packard Co., 6.50% due 7/1/12		(441	)
Lehman Brothers (1)	12/20/2008		100,000		0.12	%	Home Depot, Inc. 5.375%, due 4/1/06		(59	)
Merrill Lynch & Co.(1)	12/20/2008		100,000		0.32	%	Ingersoll-Rand Co.,6.48%,due 6/1/25		(619	)
Lehman Brothers (1)	12/20/2008		100,000		0.11	%	Johnson & Johnson, 3.80%, due 5/15/13		(177	)
Lehman Brothers (1)	12/20/2008		100,000		0.53	%	Lockheed Martin Corp., 8.20%, due 12/1/09		(1,148	)
Lehman Brothers (1)	12/20/2008		100,000		0.30	%	Masco Corp., 5.875%, due 7/15/12		(59	)
Lehman Brothers (1)	12/20/2008		100,000		0.48	%	Northrop & Grumman Corp., 7.125%, due 2/15/11		(1,060	)
Lehman Brothers (1)	6/20/2009		500,000		0.40	%	People-s Republic of China, 6.80%, due 5/23/11		(3,835	)
Lehman Brothers (1)	12/20/2008		100,000		0.35	%	RadioShack Corp., 7.375%, due 5/15/11		1,192
Morgan Stanley & Co.(1)	9/20/2010		200,000		2.70	%	Republic of Turkey, 11.875%, due 01/15/30		(8,210	)
Merrill Lynch & Co.(2)	3/20/2007		400,000		0.61	%	Russian Federation, 2.25%, due 03/31/30		631
Citigroup (1)	12/20/2008		300,000		0.14	%	Walmart Stores, Inc.,6.875%, due 8/10/09		(442	)
Barclays Bank PLC(1)	12/20/2008		100,000		0.67	%	Walt Disney Co. (The), 6.375%, due 3/12/12		(996	)
Lehman Brothers (1)	12/20/2008		100,000		0.29	%	Whirlpool Corp., 8.60%, due 5/1/10		350
									($ 59,397	)

(1) Portfolio pays the fixed rate and receives from the counterparty, par in the event that the underlying bond defaults.

(2) Portfolio pays the counterparty par in the event that the underlying bond defaults and receives the fixed rate.

Notes to Schedules of Investments (Unaudited)

Securities Valuation: Securities listed on a securities exchange (other than options on securities and indices) are valued at the last sale price on such exchange on the day of valuation or, if there was no sale on such day, at the mean between the last reported bid and asked prices, or at the last bid price on such day in the absence of an asked price. Securities traded via Nasdaq are valued at the Nasdaq official closing price (“NOCP”) on the day of valuation, or if there was no NOCP, at the last sale price. Securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by Prudential Investments LLC (“PI or Manager”), in consultation with the subadvisers; to be over-the-counter, are valued at market value using prices provided by an independent pricing agent or principal market maker.

Corporate bonds (other than convertible debt securities) and U.S. government securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by an Adviser in consultation with the Manager to be over-the-counter, are valued by an independent pricing agent or more than one principal market maker (if available, otherwise by a principal market maker or a primary market dealer). Convertible debt securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by an Adviser in consultation with the Manager to be over-the-counter, are valued by an independent pricing agent or at the mean between the last reported bid and asked prices (or at the last bid price in the absence of an asked price) provided by more than one principal market maker (if available, otherwise by a principal market maker or a primary market dealer).

Municipal securities (including commitments to purchase such securities on a “when-issued” basis) are valued as of the close of trading on the New York Stock Exchange, on the basis of prices provided by a pricing service which uses information with respect to transactions in comparable securities and various relationships between securities in determining values.

Options on securities and indices traded on an exchange are valued on their last sales price as of the close of trading on the applicable exchange or, if there was no sale, at the mean between the most recently quoted bid and asked prices on such exchange or at the last bid price in the absence of an asked price.

Futures contracts and options thereon traded on a commodities exchange or board of trade are valued at the last sale price at the close of trading on such exchange or board of trade or, if there was no sale on the applicable commodities exchange or board of trade on such day, at the mean between the most recently quoted bid and asked prices on such exchange or board of trade or at the last bid price in the absence of an asked price.

Securities for which market quotations are not readily available, or whose values have been affected by events occurring after the close of the security’s foreign market and before the fund’s normal pricing time, are valued at fair value in accordance with the Board of Directors’ approved fair valuation procedures. When determining the fair valuation of securities some of the factors influencing the valuation include, the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

Market values of investments traded in a foreign currency are translated into U.S. dollars at the current rates of exchange.

Forward currency contracts are valued daily at current exchange rates. Swaps are valued by “marking-to-market” the unrealized gains or losses daily.

Investments in mutual funds are valued at the net asset value as of the close of the New York Stock Exchange on the date of valuation.

Short-term securities, which mature in sixty days or less, are valued at amortized cost, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. Short-term securities which mature in more than sixty days are valued at current market quotations.

Certain Funds invest in the Taxable Money Market Series (the “Series”), a portfolio of Dryden Core Investment Fund, pursuant to an exemptive order received from the Securities and Exchange Commission. The Series is a money market mutual fund registered under the Investment Company Act of 1940, as amended, and managed by PI.

Other information regarding Funds is available in the Funds’ most recent Report to Shareholders. This information is available on The Securities and Exchange Commission’s website (www.sec.gov).

Item 2.  Controls and Procedures

(a)

It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b)

There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3.  Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  Strategic Partners Asset Allocation Funds

By (Signature and Title)*	/s/Deborah A. Docs
	—————————————
	Deborah A. Docs Secretary of the Fund
Date        December 21, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)*	/s/Judy A. Rice
	——————————
	Judy A. Rice President and Principal Executive Officer
Date        December 21, 2005
By (Signature and Title)*	/s/Jack Benintende
	————————————
	Jack Benintende Acting Principal Financial Officer
Date        December 21, 2005

*  Print the name and title of each signing officer under his or her signature.