-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LE9dT28Eg9oIHQBcwZ8c3u5xj/2Y2EflzwsINq2rG9Om5qx4vagBjWvX6r915fgg zVKXa8+2hqo6L7FZ3Gw7Tg== 0000898733-03-000455.txt : 20030905 0000898733-03-000455.hdr.sgml : 20030905 20030905145759 ACCESSION NUMBER: 0000898733-03-000455 CONFORMED SUBMISSION TYPE: N-CSR PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030630 FILED AS OF DATE: 20030905 EFFECTIVENESS DATE: 20030905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL TAX FREE MONEY FUND INC CENTRAL INDEX KEY: 0000311561 IRS NUMBER: 132993505 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CSR SEC ACT: 1940 Act SEC FILE NUMBER: 811-02927 FILM NUMBER: 03883619 BUSINESS ADDRESS: STREET 1: 199 WATER ST CITY: NEW YORK STATE: NY ZIP: 10292 BUSINESS PHONE: 2122142189 MAIL ADDRESS: STREET 1: ONE SEAPORT PLZ STREET 2: ONE SEAPORT PLZ CITY: NEW YORK STATE: NY ZIP: 10292 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL BACHE TAX FREE MONEY FUND INC DATE OF NAME CHANGE: 19920603 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR TAX FREE MONEY FUND INC DATE OF NAME CHANGE: 19830516 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR TAX EXEMPT DAILY INCOME FUND INC DATE OF NAME CHANGE: 19810811 N-CSR 1 mf16129ncsr.txt DRYDEN TAX-FREE MONEY FUND, INC. -- 6/30/03 -- SEMIANNUAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-2927 Exact name of registrant as specified in charter: Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax-Free Money Fund) Address of principal executive offices: Gateway Center 3 100 Mulberry Street Newark, New Jersey 07102 Name and address of agent for service: Jonathan Shain Gateway Center 3 100 Mulberry Street Newark, New Jersey 07102 Registrant's telephone number, including area code: 973-802-6469 Date of fiscal year end: December 31, 2003 Date of reporting period: June 30, 2003
Item 1 -- Reports to Stockholders Dryden Tax-Free Money Fund JUNE 30, 2003 SEMIANNUAL REPORT (GRAPHIC) FUND TYPE OBJECTIVE Money market The highest level of current income that is exempt from federal income taxes, consistent with liquidity and the preservation of capital. ----------------------------------------------- This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current prospectus. The views expressed in this report and information about the Fund's portfolio holdings are for the period covered by this report and are subject to change thereafter. JennisonDryden is a service mark of The Prudential Insurance Company of America. JennisonDrydenMutualFunds Dear Shareholder, August 15, 2003 Stocks and bonds often move in opposite directions. However, for a period during the spring of 2003, both markets in the United States rallied in tandem. Recently, signs of stronger economic growth have helped sustain the rise in equities but weighed heavily on bonds. Regardless of the direction of financial markets, it is important to remember that a wise investor plans today for tomorrow's needs. Current market activity should have little impact on planning for your long-term investment goals. Whether you are investing for your retirement, your children's education, or some other purpose, JennisonDryden mutual funds offer the experience, resources, and professional discipline of three leading asset management firms that can make a difference for you. JennisonDryden equity funds are managed by Jennison Associates and Quantitative Management. Prudential Fixed Income manages the JennisonDryden fixed income and money market funds. A diversified asset allocation strategy is a disciplined approach to investing that may help you make more consistent progress toward your goals. We recommend that you develop a personal asset allocation strategy in consultation with a financial professional who knows you, who understands your reasons for investing, the time you have to reach your goals, and the amount of risk you are comfortable assuming. JennisonDryden mutual funds offer a wide range of investment choices, and your financial professional can help you choose the appropriate funds to implement your strategy. I was named president of the Dryden Tax-Free Money Fund in March 2003. Thank you for your confidence in JennisonDryden mutual funds. We look forward to serving your future investment needs. Sincerely, Judy A. Rice, President Dryden Tax-Free Money Fund Dryden Tax-Free Money Fund 1 Your Fund's Performance Fund Objective The Dryden Tax-Free Money Fund (the Fund) seeks the highest level of current income that is exempt from federal income taxes, consistent with liquidity and the preservation of capital. There can be no assurance that the Fund will achieve its investment objective. Money Market Fund Yield Comparison (GRAPH) Past performance is not indicative of future results. The graph portrays weekly 7-day current yields for the Dryden Tax-Free Money Fund and the iMoneyNet, Inc. Tax-Free National Retail Average every Monday from December 30, 2002 to June 30, 2003, the closest beginning and ending dates of our reporting period. 2 Visit our website at www.jennisondryden.com Fund Facts as of 6/30/03
7-Day Net Asset Weighted Avg. Net Assets Current Yield Value (NAV) Maturity (WAM) (Millions) Dryden Tax-Free Money Fund 0.39% $1.00 60 Days $218 - --------------------------------------------------------------------------------------- iMoneyNet, Inc. Tax-Free National Retail Avg.* 0.43% N/A 39 Days N/A - ---------------------------------------------------------------------------------------
Taxable Equivalent Yield** as of 6/30/03 Tax Brackets @30% @35% @38.6% Dryden Tax-Free Money Fund 0.56% 0.60% 0.64% - ----------------------------------------------------------------------------- iMoneyNet, Inc. Tax-Free National Retail Avg. 0.61% 0.66% 0.70% - ----------------------------------------------------------------------------- Note: Yields will fluctuate from time to time, and past performance is not indicative of future results. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. *iMoneyNet, Inc. reports a 7-day current yield and WAM on Mondays for tax-free money funds. This is the data for all funds in the iMoneyNet, Inc. Tax-Free National Retail Average category as of June 30, 2003. **Some investors may be subject to the federal alternative minimum tax (AMT). Weighted Average Maturity Comparison Past performance is not indicative of future results. The graph portrays weekly 7-day current yields for the Dryden Tax-Free Money Fund and the iMoneyNet, Inc. Tax-Free National Retail Average every Monday from December 30, 2002 to June 30, 2003, the closest beginning and ending dates of our reporting period. Dryden Tax-Free Money Fund 3 Portfolio of Investments as of June 30, 2003 (Unaudited)
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) ALASKA 6.2% ----------------------------------------------------------------------------------- Roaring Fork Mun. Prods. LLC, Ser. 2001-8, Cert., Class A, A.M.T., F.R.W.D. NR 1.23% 7/03/03 $ 1,430 $ 1,430,000 Ser. 2002-4, A.M.T. VMIG1 1.25 4/01/04 1,000 1,000,000 Ser. 2002-9, Cert., Class A, F.R.W.D. A-1+(c) 1.13 7/03/03 2,975 2,975,000 Ser. 2002-15, Cert., Class A, F.R.W.D. VMIG1 1.16 7/03/03 3,110 3,110,000 Ser. 2003-3, Cert., Class A, F.R.W.D. A-1+(c) 1.13 7/03/03 3,175 3,175,000 Valdez Marine Terminal Rev., Ref. Arco Trans. Proj., Ser. B, A.N.N.M.T. VMIG2 2.00 7/01/03 250 251,003 Ref. Phillips Proj., Ser. C, A.N.N.M.T. VMIG2 2.00 7/01/03 1,500 1,506,049 --------------- 13,447,052 ARIZONA 2.8% ----------------------------------------------------------------------------------- Phoenix Ind. Dev. Auth., Safeway Inc. Ice Cream Plant Proj., A.M.T., Ser. 2002, S.E.M.M.T. A1+(c) 1.70 10/01/03 1,000 1,000,000 Pima Cnty. Ind. Dev. Auth. Sngl. Fam. Mtge. Rev., A.M.T., Ser. 2002, A.N.N.M.T. NR 1.01 7/25/03 5,015 5,015,000 --------------- 6,015,000 CALIFORNIA 3.4% ----------------------------------------------------------------------------------- Calif. St. Comnty. Dev. Auth. Rev., Kaiser Perm., Ser. 2002B, A.N.N.M.T. VMIG2 1.05 7/02/03 5,000 5,000,000 Calif. Statewide Cmnty. Dev. Auth. Rev., Kaiser Permanente, Ser. A, A.N.N.M.T. VMIG2 1.38 1/02/04 2,500 2,500,000 --------------- 7,500,000
See Notes to Financial Statements. 4 Visit our website at www.jennisondryden.com
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) COLORADO 6.3% ----------------------------------------------------------------------------------- Colorado Edl. & Cult. Facs. Auth. Rev., Vail Mountain Sch. Proj., Ser. 2003, F.R.W.D. VMIG1 1.07% 7/03/03 $ 5,000 $ 5,000,000 Colorado Hsg. & Fin. Auth. Econ. Dev. Rev., Aro Investments Proj., Ser. A, F.R.W.D. VMIG1 1.15 7/03/03 3,635 3,635,000 Colorado Hsg. & Fin. Auth., Sngl. Fam., Ser. C6, R.A.N. MIG1 1.55 11/01/03 5,000 5,000,000 --------------- 13,635,000 DISTRICT OF COLUMBIA 2.2% ----------------------------------------------------------------------------------- Dist. Columbia Hsg. Fin. Agcy. Mtge. Rev., Sngl. Fam., A.M.T., Ser. 2002, A.N.N.M.T. A1+(c) 1.02 7/25/03 4,650 4,650,000 Dist. Columbia, Pre-refunded, Ser. 1993D, G.O., F.G.I.C. Aaa 5.25 12/01/03 235 238,942 --------------- 4,888,942 FLORIDA 6.2% ----------------------------------------------------------------------------------- Dade Cnty. Spec. Oblig., Ser. 1996B, C.A.B.S., A.M.B.A.C. Aaa Zero 10/01/03 1,160 1,156,534 Mun. Secs. Trust Cert., Ser. 2001-160, Class A, F.G.I.C., F.R.D.D. A-1(c) 1.03 7/01/03 300 300,000 Orange Cnty. Hlth. Facs. Auth. Rev., Ser. 171, F.R.W.D., F.S.A. A-1(c) 1.13 7/03/03 6,425 6,425,000 Sarasota Mem. Hosp., Ser. B VMIG1 1.10 7/11/03 5,600 5,600,000 --------------- 13,481,534 GEORGIA 3.6% ----------------------------------------------------------------------------------- Dalton, T.A.N. NR 1.25 12/31/03 1,500 1,501,867 De Kalb Cnty. Hsg. Auth. Multi-Fam. Hsg. Rev., Stone Mill Run Apts. Proj., Ser. 2000, A.M.T., F.R.W.D. A-1(c) 1.28 7/03/03 1,310 1,310,000 Rockdale Cnty., Ser. 2003, T.A.N. NR 1.50 12/31/03 2,500 2,504,338 Stephens Cnty. Dev. Auth. Ind. Dev. Rev., Caterpillar Inc. Proj., Ser. 2000, A.M.T., F.R.W.D. P1 1.28 7/03/03 1,000 1,000,000
See Notes to Financial Statements. Dryden Tax-Free Money Fund 5 Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) Stephens Cnty. Dev. Auth. Sld. Wste. Disp. Facs. Rev., Caterpillar Inc. Proj., Ser. 2000, A.M.T., F.R.W.D. P1 1.28% 7/03/03 $ 1,520 $ 1,520,000 --------------- 7,836,205 HAWAII 0.1% ----------------------------------------------------------------------------------- Hawaii St., Rfdg., Ser. 1998CS, G.O. Aaa 5.25 4/01/04 260 267,726 ILLINOIS 11.6% ----------------------------------------------------------------------------------- Channahon Rev., Morris Hosp., Ser. A, S.E.M.M.T. A-1(c) 1.25 12/01/03 4,610 4,610,000 Morris Hosp., Ser. D, F.R.W.D. A-1(c) 1.08 7/03/03 3,330 3,330,000 Chicago Hsg. Auth. Cap. Prog. Rev., Ser. 576, F.R.W.D. A-1+(c) 1.23 7/03/03 3,000 3,000,000 Cook Cnty. Cap. Impvt., Ser. B11, M.E.R.L.O.T. VMIG1 1.08 7/02/03 3,500 3,500,000 Illinois Hlth. Facs. Auth. Rev., Servant Cor. Falcon II, Ser. 1994A, F.R.W.D. A-1(c) 1.15 7/02/03 7,100 7,100,000 Illinois St., G.O. Aa3 5.50 8/01/03 2,100 2,107,767 Morton Ind. Dev. Rev., Morton Welding Co. Inc. Proj., Ser. 2002, A.M.T., F.R.W.D. NR 1.14 7/03/03 1,500 1,500,000 --------------- 25,147,767 INDIANA 2.9% ----------------------------------------------------------------------------------- Indiana Hlth. Fac. Fin. Auth. Rev., Fayette Mem. Hosp. Assoc., Ser. A, F.R.D.D. A-1(c) 1.05 7/01/03 4,700 4,700,000 Indiana Trans. Fin. Auth. Hwy. Rev., Mun. Secs. Trust Rcpts., Ser. SGA 113, F.R.D.D. A1+(c) 1.03 7/01/03 500 500,000 South Bend Econ. Dev. Rev., Dynamic REHC Proj., Ser. 1999, A.M.T., F.R.W.D. NR 1.25 7/02/03 1,045 1,045,000 --------------- 6,245,000
See Notes to Financial Statements. 6 Visit our website at www.jennisondryden.com
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) IOWA 1.2% ----------------------------------------------------------------------------------- Iowa Higher Ed. Ln. Auth. Rev., Grand View, Ser. 2003D, R.A.N. SP-1(c) 2.00% 5/24/04 $ 1,200 $ 1,204,225 Private Coll., Des Moines, Ser. 2003C, F.R.D.D. VMIG1 1.05 7/01/03 1,500 1,500,000 --------------- 2,704,225 KANSAS 0.5% ----------------------------------------------------------------------------------- Johnson Cnty., Internal Impvt., Ser. 2002B, G.O. Aa1 2.25 9/02/03 1,030 1,031,295 KENTUCKY 1.0% ----------------------------------------------------------------------------------- Kenton Cnty. Apts. Brd. Spec. Facs. Rev., Airis Cincinnati LLC, Ser. A, A.M.T., F.R.W.D. VMIGI 1.20 7/02/03 1,000 1,000,000 Kentucky Interlocal Sch. Trans. Assoc. Equip. Lease Rev., Ser. 2003 VMIGI 2.00 3/01/04 1,065 1,070,489 --------------- 2,070,489 LOUISIANA 1.8% ----------------------------------------------------------------------------------- Louisiana St. Offshore Terminal Auth. Deepwater Port Rev., Loop Inc., First Stage, Ser. A P-1 1.10 8/13/03 3,970 3,970,000 MAINE 2.1% ----------------------------------------------------------------------------------- Lewiston Ind. Dev. Rev., Diamond Tpke. Assoc., Ser. 1999, A.M.T., F.R.W.D. A-1+ 1.20 7/03/03 3,600 3,600,000 York Rev., Stonewall Realty LLC Proj., Ser. 1999, A.M.T., F.R.W.D. VMIG1 1.55 7/03/03 915 915,000 --------------- 4,515,000 MASSACHUSETTS 7.9% ----------------------------------------------------------------------------------- Comnwlth. of MA, Ser. F P1 0.90 8/08/03 6,500 6,500,000 Mass. St. Hlth. & Edl. Facs. Auth. Rev., Mun. Secs. Trust Rcpts., Ser. SGA 65, F.R.D.D. A-1+ 1.03 7/01/03 300 300,000
See Notes to Financial Statements. Dryden Tax-Free Money Fund 7 Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) Mass. St. Ind. Fin. Agcy. Rev., Peterson Amer. Corp. Proj., Ser. 1996, A.M.T., F.R.W.D. NR 1.25% 7/02/03 $ 400 $ 400,000 Mass. St. Wtr. Poll. Abatement Trust, Mun. Secs. Trust Rcpts., Ser. SGA 87, F.R.D.D. A1+(c) 1.03 7/01/03 500 500,000 MWRA Prog., Subser. A Aaa 5.00 8/01/03 2,000 2,006,599 Mass. St., Cons. Ln., Ser. A, ZTC9, G.O., F.S.A., F.R.W.D. VMIG1 1.18 7/03/03 2,170 2,170,000 Millbury, Ser. A, G.O., B.A.N. NR 2.00 12/30/03 2,320 2,329,709 Seekonk Mass., G.O., B.A.N. NR 2.00 10/17/03 3,000 3,003,925 --------------- 17,210,233 MICHIGAN 3.1% ----------------------------------------------------------------------------------- Michigan St. Job Dev. Auth. Rev., Frankenmuth Proj., Ser. A A1 1.20 7/01/03 1,100 1,100,000 Walled Lake Cons. Sch. Dist., Mun. Trust Cert., Class A, ZTC18, F.R.W.D. VMIG1 1.18 7/03/03 5,575 5,575,000 --------------- 6,675,000 MINNESOTA 2.7% ----------------------------------------------------------------------------------- Arden Hills Hsg. & Hlth. Care Facs. Rev., Presbyterian Homes, Ser. B, F.R.D.D. A-1(c) 1.05 7/01/03 1,366 1,366,000 Chaska Multi-Fam. Rev., Chaska Valley Apts. Proj., Ser. A, A.M.T., F.R.W.D. NR 1.48 7/03/03 2,300 2,300,000 Minneapolis Multi-Fam. Rev., Rfdg. Driftwood Apts. Proj., Ser. A, A.M.T., F.R.W.D. VMIG1 1.10 7/03/03 2,240 2,240,000 --------------- 5,906,000 MISSISSIPPI 0.7% ----------------------------------------------------------------------------------- De Soto Cnty. Sch. Dist., Ltd. Tax Notes, Ser. 2002, G.O., F.S.A. Aaa 5.50 4/01/04 250 258,062
See Notes to Financial Statements. 8 Visit our website at www.jennisondryden.com
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) Mississippi Hsg. Fin. Corp. Sngl. Fam. Mtge. Purp. Rev., Ser. A, G.N.M.A., F.R.W.D. A1+(c) 1.18% 7/03/03 $ 1,200 $ 1,200,000 --------------- 1,458,062 MISSOURI 0.1% ----------------------------------------------------------------------------------- ST. Louis Brd. Ed., Ser. A, G.O., F.G.I.C. Aaa 8.50 4/01/04 250 263,588 MONTANA 0.5% ----------------------------------------------------------------------------------- Butte Silver Bow Mont. Poll. Ctrl. Rev., Phone-Poulenc Inc. Proj., Ser. 1992, F.R.W.D. P1 1.10 7/02/03 1,100 1,100,000 NEBRASKA 0.5% ----------------------------------------------------------------------------------- York Ind. Dev. Rev., Kroy Bldg. Prods. Inc. Proj., Ser. 1998, A.M.T., F.R.W.D. A-1(c) 1.15 7/03/03 1,100 1,100,000 NEVADA 1.8% ----------------------------------------------------------------------------------- Clark Cnty., Mun. Trust Cert., ZTC 27, Class A, F.R.W.D. VMIG1 1.18 7/03/03 3,425 3,425,000 Truckee Meadows Wtr. Auth. Wtr. Rev., Mun. Secs. Trust Rcpts., Ser. SGA137, F.S.A., F.R.D.D. A1+(c) 1.03 7/01/03 600 600,000 --------------- 4,025,000 NEW JERSEY 1.7% ----------------------------------------------------------------------------------- Newark, G.O., B.A.N. MIG1 2.50 8/01/03 2,250 2,251,603 G.O., B.A.N. MIG1 2.50 8/01/03 1,485 1,486,057 --------------- 3,737,660 NEW YORK 3.2% ----------------------------------------------------------------------------------- Metro. Trans. Auth., T.E.C.P. P1 1.10 9/10/03 4,400 4,400,000 Port Auth. New York & New Jersey, Ser. A P1 1.10 7/08/03 2,605 2,605,000 --------------- 7,005,000
See Notes to Financial Statements. Dryden Tax-Free Money Fund 9 Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) OHIO 0.9% ----------------------------------------------------------------------------------- East Lake Ind. Dev. Rev., Astro Model Dev. Corp. Proj., Ser. 1996, A.M.T., F.R.W.D. NR 1.20% 7/03/03 $ 2,040 $ 2,040,000 OKLAHOMA 4.5% ----------------------------------------------------------------------------------- Oklahoma Hsg. Dev. Auth. Multi-Fam. Rev., Affordable Hsg. Acq., Ser. A, F.R.W.D. VMIG1 1.20 7/03/03 6,500 6,500,000 Tulsa Cnty. Ind. Auth. Cap. Impvt. Rev., Ser. 2001, A.M.B.A.C. Aaa 4.00 7/01/03 1,970 1,970,000 Tulsa Pkg. Auth. Rev., Williams Ctr. Proj., Ser. A, S.E.M.M.T. VMIG1 1.15 11/17/03 1,325 1,325,000 --------------- 9,795,000 OREGON 0.5% ----------------------------------------------------------------------------------- Oregon St. Econ. Dev. Rev., McFarland Cascade, Ser. 175, A.M.T., F.R.W.D. A-1(c) 1.10 7/03/03 1,000 1,000,000 PENNSYLVANIA 0.2% ----------------------------------------------------------------------------------- Mun. Secs. Trust Cert., Ser. 2001-110, Class A, G.O., F.R.D.D. A-1(c) 1.03 7/01/03 300 300,000 Pennsylvania St. Ind. Dev. Auth. Rev., Econ. Dev., Ser. 1994, A.M.B.A.C. Aaa 6.75 7/01/03 200 200,000 --------------- 500,000 SOUTH DAKOTA 1.1% ----------------------------------------------------------------------------------- Grant Cnty. Poll. Ctrl. Rev., Rfdg. Otter Tail Pwr. Co. Proj., Ser. 1993, F.R.W.D. VMIG1 1.25 7/07/03 2,400 2,400,000 TENNESSEE 0.5% ----------------------------------------------------------------------------------- Baptist Mem. Hosp., Ser. 2000 A-1+ 1.15 7/18/03 1,000 1,000,000
See Notes to Financial Statements. 10 Visit our website at www.jennisondryden.com
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) TEXAS 9.2% ----------------------------------------------------------------------------------- Denton Cnty., Mun. Secs. Trust Rcpts., Ser. SGA 117, G.O., F.R.D.D. A1+(c) 1.03% 7/01/03 $ 200 $ 200,000 Fort Worth Wtr. & Swr. Rev., Ref. & Impt., Ser. 1998 Aa2 5.00 2/17/04 255 260,993 Jewett Econ. Dev. Corp. Ind. Dev. Rev., Nucor Corp. Proj., Ser. A, F.R.W.D. VMIGI 1.04 7/02/03 1,000 1,000,000 Nucor Corp. Proj., Ser. B, F.R.W.D. P-1 1.04 7/02/03 1,200 1,200,000 Pasadena Indpt. Sch. Dist., Ser. A, G.O., A.N.N.M.T. VMIG1 1.35 10/01/03 5,250 5,250,000 Plano Indpt. Sch. Dist., Mun. Trust Cert., ZTC-14, Class A, F.R.W.D. VMIG1 1.18 7/03/03 3,830 3,830,000 Richardson Indpt. Sch. Dist., Ser. 2000, G.O., A.N.N.M.T. VMIG1 1.35 10/01/03 2,000 2,000,000 San Antonio Elec. & Gas Rev., Ser. A Aa1 5.00 2/02/04 1,090 1,114,489 Texas St., Mun. Trust Cert., ZTC5, Ser. 2002A, F.R.W.D. VMIG1 1.23 7/03/03 2,590 2,590,000 T.R.A.N. MIG1 2.75 8/29/03 2,500 2,504,154 --------------- 19,949,636 UTAH 1.7% ----------------------------------------------------------------------------------- Box Elder Cnty. Poll. Ctrl. Rev., Nucor Corp. Proj., Ser. 2002, F.R.W.D. VMIG1 1.04 7/02/03 1,500 1,500,000 Weber Cnty., Ser. 2003, T.R.A.N. NR 2.00 12/30/03 2,250 2,259,417 --------------- 3,759,417 VIRGINIA 0.5% ----------------------------------------------------------------------------------- Louisa Ind. Dev. Auth., Ser. 1987, T.E.C.P. VMIG1 1.25 9/09/03 1,000 1,000,000
See Notes to Financial Statements. Dryden Tax-Free Money Fund 11 Portfolio of Investments as of June 30, 2003 (Unaudited) Cont'd.
----------------------------------------------------------------------------------- PRINCIPAL MOODY'S INTEREST MATURITY AMOUNT DESCRIPTION (A) RATING RATE DATE (000) VALUE (NOTE 1) WASHINGTON 1.1% ----------------------------------------------------------------------------------- Clark Cnty. Pub. Util. Dist. No. 001 Generating Sys. Rev., Mun. Secs. Trust Rcpts., Ser. SGA 118, F.S.A., F.R.D.D. A1+(c) 1.03% 7/01/03 $ 600 $ 600,000 Port Pasco Econ. Dev., Var. Douglas Fruit Co. Inc. Proj., Ser. 1996, A.M.T., F.R.W.D. A-1(c) 1.15 7/03/03 1,570 1,570,000 Washington St., Ser. DD-14 & Ser. B, G.O. Aa1 5.75 9/02/03 250 251,949 --------------- 2,421,949 WISCONSIN 4.3% ----------------------------------------------------------------------------------- Appleton Redev. Auth. Redev. Rev., Fox Cities Performing Arts Ctr., Ser. B, F.R.W.D. VMIG1 1.10 7/02/03 1,000 1,000,000 Janesville Sch. Dist., G.O., T.R.A.N. A1 3.00 10/02/03 1,500 1,505,456 Milton Ind. Dev. Rev., New England Extrusion Proj., Ser. 1998, A.M.T., F.R.W.D. A1+(c) 1.30 7/03/03 1,700 1,700,000 Stevens Point Area Pub. Sch. Dist., G.O., T.R.A.N. NR 1.90 10/17/03 965 965,785 Whitewater Ind. Dev. Rev., Trek Bicycle Corp. Proj., Ser. 1995, A.M.T., F.R.W.D. NR 1.24 7/03/03 2,520 2,520,000 Whitewater Univ. Sch. Dist., T.R.A.N. NR 1.90 8/29/03 1,750 1,750,865 --------------- 9,442,106 --------------- TOTAL INVESTMENTS 98.6% (COST $214,543,886(D)) 214,543,886 Other assets in excess of liabilities 1.4% 3,119,892 --------------- NET ASSETS 100% $ 217,663,778 --------------- ---------------
See Notes to Financial Statements. 12 Visit our website at www.jennisondryden.com (a) The following abbreviations are used in portfolio descriptions: A.M.B.A.C.--American Municipal Bond Assurance Corporation. A.M.T.--Alternative Minimum Tax. A.N.N.M.T.--Annual Mandatory Tender. B.A.N.--Bond Anticipation Notes. C.A.B.S--Capital Appreciation Bonds. F.G.I.C.--Financial Guaranty Insurance Company. F.R.D.D.--Floating Rate (Daily) Demand Note(b). F.R.W.D.--Floating Rate (Weekly) Demand Note(b). F.S.A.--Financial Security Assurance. G.O.--General Obligation. G.N.M.A.--Government National Mortgage Association. M.E.R.L.O.T.--Municipal Exempt Receipt-Liquid Optional Tender. R.A.N.--Revenue Anticipation Note. S.E.M.M.T.--Semi-Annual Mandatory Tender. T.A.N.--Tax Anticipation Note. T.E.C.P.--Tax Exempt Commercial Paper. T.R.A.N.--Tax and Revenue Anticipation Note. (b) For purposes of amortized cost valuation, the maturity date of these instruments is considered to be the later of the next date on which the security can be redeemed at par or the next date on which the rate of interest is adjusted. (c) Standard & Poor's Rating. (d) The cost basis for federal income tax purposes is substantially the same as that used for financial statement purposes. NR--Not Rated by Moody's or Standard & Poor's. The Fund's current Prospectus contains a description of Moody's and Standard & Poor's ratings. See Notes to Financial Statements. Dryden Tax-Free Money Fund 13 Statement of Assets and Liabilities as of June 30, 2003 (Unaudited)
ASSETS ----------------------------------------------------------------------------------- Investments, at amortized cost which approximates market value $214,543,886 Cash 66,503 Receivable for Fund shares sold 4,745,438 Interest receivable 804,059 Receivable for investmends sold 400,000 Prepaid expenses 6,685 ------------ TOTAL ASSETS 220,566,571 ------------ LIABILITIES ----------------------------------------------------------------------------------- Payable for Fund shares reacquired 2,714,763 Management fee payable 88,107 Accrued expenses 48,177 Distribution fee payable 22,027 Dividends payable 16,108 Deferred directors' fees 13,611 ------------ TOTAL LIABILITIES 2,902,793 ------------ NET ASSETS $217,663,778 ------------ ------------ ----------------------------------------------------------------------------------- Net assets were comprised of: Common stock, $.01 par value $ 2,177,592 Paid-in capital in excess of par 215,486,186 ------------ NET ASSETS, JUNE 30, 2003 $217,663,778 ------------ ------------
Net asset value, offering price and redemption price per share, $217,663,778 / 217,759,247 outstanding shares of common stock (authorized 1,500,000,000 shares) $1.00 ----- -----
See Notes to Financial Statements. 14 Visit our website at www.jennisondryden.com Statement of Operations Six Months Ended June 30, 2003 (Unaudited)
NET INVESTMENT INCOME ----------------------------------------------------------------------------------- Income Interest $ 1,358,936 -------- Expenses Management fee 502,015 Distribution fee 125,504 Transfer agent's fees and expenses 53,000 Custodian's fees and expenses 46,000 Registration fees 35,000 Reports to shareholders 30,000 Legal fees and expenses 16,000 Audit fee 16,000 Directors' fees 4,000 Miscellaneous 4,123 -------- TOTAL EXPENSES 831,642 -------- Net investment income 527,294 -------- NET REALIZED GAIN ON INVESTMENTS ----------------------------------------------------------------------------------- Net realized gain on investment transactions 14,808 -------- NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 542,102 -------- --------
See Notes to Financial Statements. Dryden Tax-Free Money Fund 15 Statement of Changes in Net Assets (Unaudited)
----------------------------------------------------------------------------------- SIX MONTHS YEAR ENDED ENDED JUNE 30, 2003 DECEMBER 31, 2002 INCREASE IN NET ASSETS ----------------------------------------------------------------------------------- OPERATIONS Net investment income $ 527,294 $ 1,732,148 Net realized gain on investment transactions 14,808 21,385 ----------------- ----------------- Net increase in net assets resulting from operations 542,102 1,753,533 ----------------- ----------------- DIVIDENDS AND DISTRIBUTIONS (NOTE 1) (542,102) (1,753,533) ----------------- ----------------- FUND SHARE TRANSACTIONS (AT $1 PER SHARE) Net proceeds from shares sold 387,907,774 545,398,683 Net asset value of shares issued in reinvestment of dividends and distributions 513,316 1,802,725 Cost of shares reacquired (347,237,432) (538,650,460) ----------------- ----------------- Net increase in net assets from Fund share transactions 41,183,658 8,550,948 ----------------- ----------------- TOTAL INCREASE 41,183,658 8,550,948 NET ASSETS ----------------------------------------------------------------------------------- Beginning of period 176,480,120 167,929,172 ----------------- ----------------- End of period $ 217,663,778 $ 176,480,120 ----------------- ----------------- ----------------- -----------------
See Notes to Financial Statements. 16 Visit our website at www.jennisondryden.com Notes to Financial Statements (Unaudited) Prudential Tax-Free Money Fund, Inc., doing business as Dryden Tax-Free Money Fund (the 'Fund'), is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company. The investment objective of the Fund is to attain the highest level of current income that is exempt from federal income taxes, consistent with liquidity and preservation of capital. The Fund will invest in short-term tax-exempt debt securities of state and local governments. The ability of the issuers of the securities held by the Fund to meet their obligations may be affected by economic or political developments in a specific state, industry or region. NOTE 1. ACCOUNTING POLICIES The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. Securities Valuation: Portfolio securities are valued at amortized cost, which approximates market value. The amortized cost method of valuation involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of any discount or premium. Securities Transactions and Net Investment Income: Securities transactions are recorded on the trade date. Realized gains (losses) on sales of securities are calculated on the identified cost basis. Interest income including amortization of premium and accretion of discount on debt securities, as required, is recorded on the accrual basis. Expenses are recorded on the accrual basis, which may require the use of certain estimates by management. Federal Income Taxes: It is the Fund's policy to continue to meet the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its net income and capital gains, if any, to its shareholders. Therefore, no federal income tax provision is required. Dividends and Distributions: The Fund declares daily dividends from net investment income and net realized short-term capital gains. Payment of dividends is made monthly. Income distributions and capital gain distributions are determined in accordance with income tax regulations which may differ from generally accepted accounting principles. Dryden Tax-Free Money Fund 17 Custody Fee Credits: The Fund has an arrangement with its custodian bank, whereby uninvested monies earn credits which reduce the fees charged by the custodian. If applicable, such custody fee credits are presented as a reduction of gross expenses in the accompanying Statement of Operations. NOTE 2. AGREEMENTS The Fund has a management agreement with Prudential Investments LLC ('PI'). Pursuant to this agreement, PI has responsibility for all investment advisory services and supervises the subadviser's performance of such services. PI has entered into a subadvisory agreement with Prudential Investment Management, Inc.('PIM'). The subadvisory agreement provides that PIM will furnish investment advisory services in connection with the management of the Fund. PI continues to have responsibility for all investment advisory services pursuant to the management agreement and supervises PIM'S performance of such services. PI pays for the services of PIM, the compensation of officers of the Fund, occupancy and certain clerical and bookkeeping costs of the Fund. The Fund bears all other costs and expenses. The management fee paid to PI is computed daily and payable monthly, at an annual rate of .50 of 1% of the Fund's average daily net assets up to $750 million, .425 of 1% of the next $750 million of average daily net assets and ..375 of 1% of average daily net assets in excess of $1.5 billion. The Fund has a distribution agreement with Prudential Investment Management Services LLC ('PIMS'). The Fund compensated PIMS for distributing and servicing the Fund's shares pursuant to the plan of distribution at an annual rate of .125 of 1% of the Fund's average daily net assets. The distribution fee is accrued daily and payable monthly. PI, PIM and PIMS are indirect, wholly-owned subsidiaries of Prudential Financial, Inc. ('Prudential'). NOTE 3. OTHER TRANSACTIONS WITH AFFILIATES Prudential Mutual Fund Services LLC ('PMFS'), an affiliate of PI and an indirect, wholly-owned subsidiary of Prudential, serves as the Fund's transfer agent. During the six months ended June 30, 2003, the Fund incurred fees of approximately $50,000 for the services of PMFS. As of June 30, 2003, approximately $9,000 of such fees were due to PMFS. Transfer agent fees and expenses in the Statement of Operations include certain out-of-pocket expenses paid to nonaffiliates. 18 Visit our website at www.jennisondryden.com Financial Highlights JUNE 30, 2003 SEMIANNUAL REPORT Dryden Tax-Free Money Fund Financial Highlights (Unaudited)
SIX MONTHS ENDED JUNE 30, 2003 ----------------------------------------------------------------------------------- PER SHARE OPERATING PERFORMANCE: NET ASSET VALUE, BEGINNING OF PERIOD $ 1.00 ------- Net investment income and net realized gains .003 Dividends and distributions to shareholders (.003) ------- Net asset value, end of period $ 1.00 ------- ------- TOTAL RETURN(A): .28% RATIOS/SUPPLEMENTAL DATA: Net assets, end of period (000) $ 217,664 Average net assets (000) $ 202,470 Ratios to average net assets: Expenses, including distribution and service (12b-1) fees .83%(b) Expenses, excluding distribution and service (12b-1) fees .70%(b) Net investment income .53%(b)
- ------------------------------ (a) Total return is calculated assuming a purchase of shares on the first day and a sale on the last day of each period reported and includes reinvestment of dividends and distributions. Total returns for less than a full year are not annualized. (b) Annualized. See Notes to Financial Statements. 20 Visit our website at www.jennisondryden.com
YEAR ENDED DECEMBER 31, ---------------------------------------------------------------------------------------------------- 2002 2001 2000 1999 1998 ------------------------------------------------------------------------------------------------ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------- ------- ------- ------- ------- .009 .023 .034 .025 .028 (.009) (.023) (.034) (.025) (.028) ------- ------- ------- ------- ------- $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- .94% 2.26% 3.42% 2.56% 2.83% $176,480 $167,929 $166,526 $179,887 $199,165 $200,609 $182,953 $176,759 $202,718 $277,839 .86% .87% .80% .81% .80% .73% .74% .68% .69% .68% .86% 2.18% 3.38% 2.51% 2.80%
See Notes to Financial Statements. Dryden Tax-Free Money Fund 21 MAIL TELEPHONE WEBSITE Gateway Center Three (800) 225-1852 www.jennisondryden.com 100 Mulberry Street Newark, NJ 07102-4077 DIRECTORS David E.A. Carson - Robert F. Gunia - Robert E. La Blanc - Douglas H. McCorkindale - Stephen P. Munn - Richard A. Redeker - Judy A. Rice - Robin B. Smith - Stephen D. Stoneburn - Clay T. Whitehead OFFICERS Judy A. Rice, President - Robert F. Gunia, Vice President - Grace C. Torres, Treasurer - Marguerite E.H. Morrison, Chief Legal Officer and Assistant Secretary - Jonathan D. Shain, Secretary - Maryanne Ryan, Anti-Money Laundering Compliance Officer - ----------------------------------------------------------------------------- MANAGER Prudential Investments LLC Gateway Center Three 100 Mulberry Street Newark, NJ 07102-4077 - ----------------------------------------------------------------------------- INVESTMENT ADVISER Prudential Investment Gateway Center Two Management, Inc. 100 Mulberry Street Newark, NJ 07102 - ----------------------------------------------------------------------------- DISTRIBUTOR Prudential Investment Gateway Center Three Management Services LLC 14th Floor 100 Mulberry Street Newark, NJ 07102-4077 - ----------------------------------------------------------------------------- CUSTODIAN State Street Bank One Heritage Drive and Trust Company North Quincy, MA 02171 - ----------------------------------------------------------------------------- TRANSFER AGENT Prudential Mutual Fund PO Box 8098 Services LLC Philadelphia, PA 19101 - ----------------------------------------------------------------------------- INDEPENDENT AUDITORS PricewaterhouseCoopers LLP 1177 Avenue of the Americas New York, NY 10036 - ----------------------------------------------------------------------------- LEGAL COUNSEL Sullivan & Cromwell LLP 125 Broad Street New York, NY 10004-2498 - ----------------------------------------------------------------------------- Dryden Tax-Free Money Fund Nasdaq PBFXX CUSIP 26248T301 The views expressed in this report and information about the Fund's portfolio holdings are for the period covered by this report and are subject to change thereafter. The accompanying financial statements as of June 30, 2003 were not audited and, accordingly, no auditors' opinion is expressed on them. Mutual Funds: ARE NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY MAY LOSE VALUE ARE NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE JennisonDrydenMutualFunds Dryden Tax-Free Money Fund Nasdaq PBFXX CUSIP 26248T301 MF103E2 IFS-AO83169 Item 2 -- Code of Ethics -- Not required in this filing Item 3 -- Audit Committee Financial Expert -- Not required in this filing Item 4 -- Principal Accountant Fees and Services -- Not required in this filing Item 5 -- Reserved Item 6 -- Reserved Item 7 -- Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies -- Not required in this filing Item 8 -- Reserved Item 9 -- 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 10 -- Exhibits (a) Code of Ethics -- Not required in this filing (b) Certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act -- Attached hereto 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. Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax-Free Money Fund) By: /s/ Jonathan D. Shain ---------------------------------------------------------- Jonathan D. Shain Secretary Date: August 26, 2003 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: /s/ Judy A. Rice ---------------------------------------------------------- Judy A. Rice President and Principal Executive Officer Date: August 26, 2003 By: /s/ Grace C. Torres ---------------------------------------------------------- Grace C. Torres Treasurer and Principal Financial Officer Date: August 26, 2003 EX-99.CERT 3 mf16129ex99cert.txt SECTION 302 SARBANES-OXLEY CERTIFICATIONS Item 10 Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax-Free Money Fund) Semi-Annual period ending 06/30/03 File No. 811-2927 CERTIFICATIONS I, Judy A. Rice, certify that: 1. I have reviewed this report on Form N-CSR of Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax-Free Money Fund); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report. 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and c) presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize, and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and 6. The registrant's other certifying officers and I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: August 26, 2003 /s/ Judy A. Rice ------------------------- Judy A. Rice President and Principal Executive Officer Item 10 Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax-Free Money Fund) Semi-Annual period ending 06/30/03 File No. 811-2927 CERTIFICATIONS I, Grace C. Torres, certify that: 1. I have reviewed this report on Form N-CSR of Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax-Free Money Fund); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report. 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940) for the registrant and have: a. designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and c. presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a. all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize, and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and 6. The registrant's other certifying officers and I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: August 26, 2003 /s/ Grace C. Torres ------------------------ Grace C. Torres Treasurer and Principal Financial Officer EX-99.906.CERT 4 mf16129ex906cert.txt SECTION 906 SARBANES-OXLEY CERTIFICATIONS Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Name of Issuer: Prudential Tax-Free Money Fund, Inc. (d/b/a Dryden Tax Free Money Fund) In connection with the Report on Form N-CSR of the above- named issuer that is accompanied by this certification, the undersigned hereby certifies, to his or her knowledge, that: 1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Issuer. Date: August 26, 2003 /s/ Judy A. Rice ----------------------- Judy A. Rice President and Principal Executive Officer Date: August 26, 2003 /s/ Grace C. Torres ----------------------- Grace C. Torres Treasurer and Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----