X0202 4 2007-11-13 1 0000737296 PRUDENTIAL BACHE WATSON & TAYLOR LTD 2 NONE 0001357708 Welch Richard F C/O PRUDENTIAL FINANCIAL 751 BROAD STREET, 2ND FLOOR NEWARK NJ 07102 1 1 0 0 Director,Chairman,CEO&Pres This form represents an Exit Form 4 due to the fact that Prudential-Bache/Watson & Taylor, Ltd.-2 was liquidated and terminated on November 12, 2007. /s/ Richard F. Welch 2007-11-13