497 1 retail2004.txt 497 JennisonDryden Mutual Funds Strategic Partners Mutual Funds Supplement dated September 13, 2004 The following information replaces the indicated subsection of the Statement of Additional Information (SAI) entitled "Purchase, Redemption and Pricing of Fund Shares -- Reduction and Waiver of the Initial Sales Charge--Class A Shares -- Other Waivers": Class A shares may be purchased at NAV, without the initial sales charge, through the Distributor or Transfer Agent, by: investors in Individual Retirement Accounts, provided that (a) the purchase is made either from a directed rollover to such Individual Retirement Account or with the proceeds of a tax-free rollover of assets from a Benefit Plan for which Prudential Retirement (the institutional Benefit Plan recordkeeping entity of Prudential) provides administrative or recordkeeping services, in each case provided that such purchase is made within 60 days of receipt of the Benefit Plan distribution, or (b) recordkeeping for the Individual Retirement Account is performed by Prudential Retirement as part of its "Rollover IRA" program (regardless of whether or not the assets of the Individual Retirement Account consist of proceeds of a tax-free rollover of assets from a Benefit Plan described in (a) above)." Listed below are the names of the JennisonDryden and Strategic Partners Mutual Funds and the dates of the SAIs to which this Supplement relates. Name of Fund SAI Date Dryden Government Income Fund, Inc. April 30, 2004 Dryden Municipal Bond Fund June 29, 2004 High Income Series Insured Series Dryden California Municipal Fund October 31, 2003 California Series California Income Series California Money Market Series Dryden High Yield Fund, Inc. February 27, 2004 Dryden Municipal Series Fund October 31, 2003 Florida Series New Jersey Series New Jersey Money Market Series New York Series New York Money Market Series Pennsylvania Series Dryden National Municipals Fund, Inc. February 27, 2004 Dryden Short-Term Bond Fund, Inc. April 30, 2004 Dryden Short-Term Corporate Bond Fund Dryden Ultra-Short Bond Fund Dryden Total Return Bond Fund, Inc. February 27, 2004 Nicholas-Applegate Fund, Inc. February 27, 2004 Dryden Global Total Return Fund, Inc. March 1, 2004 Dryden Index Series Fund November 25, 2003 Dryden Stock Index Fund Dryden Tax-Managed Funds January 30, 2004 Dryden Large-Cap Core Equity Fund Dryden Small-Cap Core Equity Fund, Inc. January 30, 2004 Jennison 20/20 Focus Fund May 28, 2004 Jennison Natural Resources Fund, Inc. July 28, 2004 Jennison Sector Funds, Inc. Jennison Financial Services Fund February 2, 2004 Jennison Health Sciences Fund Jennison Technology Fund Jennison Utility Fund Jennison Small Company Fund, Inc. May 3, 2004 Jennison U.S. Emerging Growth Fund, Inc. February 2, 2004 Jennison Value Fund anuary 30, 2004 The Prudential Investment Portfolios, Inc. Jennison Equity Opportunity Fund December 3, 2003 Jennison Growth Fund December 3, 2003 Dryden Active Allocation Fund December 3, 2003 JennisonDryden Conservative Allocation Fund February 17, 2004 JennisonDryden Moderate Allocation Fund February 17, 2004 JennisonDryden Growth Allocation Fund February 17, 2004 Strategic Partners Equity Fund, Inc. February 25, 2004 Prudential World Fund, Inc. January 29, 2004 Dryden International Equity Fund Jennison Global Growth Fund Strategic Partners International Value Fund Strategic Partners Real Estate Securities Fund May 28, 2004 Strategic Partners Asset Allocation Funds October 2, 2003 Strategic Partners Conservative Growth Fund Strategic Partners Moderate Growth Fund Strategic Partners High Growth Fund Strategic Partners Style Specific Funds October 2, 2003 Strategic Partners Large Cap Growth Fund Strategic Partners Large Cap Value Fund Strategic Partners Small Cap Growth Fund Strategic Partners Small Cap Value Fund Strategic Partners Total Return Bond Fund Strategic Partners Opportunity Funds June 30, 2004 Strategic Partners Focused Growth Fund Strategic Partners New Era Growth Fund Strategic Partners Focused Value Fund Strategic Partners Mid Cap Value Fund Strategic Partners Mutual Funds, Inc. March 1, 2004 Strategic Partners International Growth Fund Strategic Partners Small Cap Growth Opportunity Fund Strategic Partners Managed Small Cap Growth Fund Strategic Partners Small Company Fund Strategic Partners Mid Cap Growth Fund Strategic Partners Relative Value Fund Strategic Partners Technology Fund Strategic Partners Health Sciences Fund Strategic Partners Managed OTC Fund Strategic Partners Capital Growth Fund Strategic Partners Concentrated Growth Strategic Partners Managed Large Cap Growth Fund Strategic Partners Core Value Fund Strategic Partners Managed Index 500 Fund Strategic Partners Equity Income Fund Strategic Partners Growth with Income Fund Strategic Partners Capital Income Fund Strategic Partners Balanced Fund Strategic Partners High Yield Bond Fund Strategic Partners Bond Fund Strategic Partners Money Market Fund MF2004C5