-----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, Go1kJP9zKyP4TszZsqPlWXkGE0xkcYqG1Uv0QzUFVtVGjEDkc05DvJq6RsKVEfTi iNFwicD00mR1sNGhd7cdkw== 0000355348-00-000077.txt : 20000307 0000355348-00-000077.hdr.sgml : 20000307 ACCESSION NUMBER: 0000355348-00-000077 CONFORMED SUBMISSION TYPE: NSAR-B/A PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL NATIONAL MUNICIPALS FUND INC CENTRAL INDEX KEY: 0000314612 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133021492 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B/A SEC ACT: SEC FILE NUMBER: 811-02992 FILM NUMBER: 558234 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 NATIONAL MUNICIPALS FUND INC DATE OF NAME CHANGE: 19920602 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL BACHE HIGH YIELD MUNICIPALS INC DATE OF NAME CHANGE: 19870507 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR HIGH YIELD MUNICIPALS INC DATE OF NAME CHANGE: 19830516 NSAR-B/A 1 N-SAR (3.0.A) PAGE 1 000 B000000 12/31/99 000 C000000 0000314612 000 D000000 N 000 E000000 NC 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 U 001 A000000 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. 001 B000000 811-2992 001 C000000 9733677530 002 A000000 100 MULBERRY STREET 002 B000000 NEWARK 002 C000000 NJ 002 D010000 07102 002 D020000 4077 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC 008 B000001 A 008 C000001 801-31104 008 D010001 NEWARK 008 D020001 NJ 008 D030001 07102 008 D040001 4077 008 A000002 THE PRUDENTIAL INVESTMENT CORPORATION 008 B000002 S 008 C000002 801-22808 008 D010002 NEWARK 008 D020002 NJ 008 D030002 07102 008 D040002 3777 011 A000001 PRUDENTIAL SECURITIES INCORPORATED 011 B000001 8-27154 011 C010001 NEW YORK 011 C020001 NY PAGE 2 011 C030001 10292 012 A000001 PRUDENTIAL MUTUAL FUND SERVICES LLC. 012 B000001 85-4110019 012 C010001 NEW BRUNSWICK 012 C020001 NJ 012 C030001 08906 013 A000001 PRICEWATERHOUSECOOPERS LLP 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10036 014 A000001 PRUDENTIAL SECURITIES INCORPORATED 014 B000001 8-27154 014 A000002 PRUCO SECURITIES CORPORATION 014 B000002 8-16402 014 A000003 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC 014 B000003 8-36540 015 A000001 STATE STREET BANK & TRUST CO. 015 B000001 C 015 C010001 NORTH QUINCY 015 C020001 MA 015 C030001 02205 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 115 019 C000000 PRUDENTIAL 020 A000001 BEAR, STEARNS & CO., INC. 020 B000001 13-3299429 020 C000001 40 020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 020 B000002 13-5674085 020 C000002 5 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 45 022 A000001 GOLDMAN, SACHS & CO. 022 B000001 13-5108880 022 C000001 113229 022 D000001 109416 022 A000002 BEAR, STEARNS & CO., INC. 022 B000002 13-3299429 022 C000002 31203 022 D000002 24520 022 A000003 SALOMON SMITH BARNEY, INC. 022 B000003 13-3082694 PAGE 3 022 C000003 17490 022 D000003 26327 022 A000004 MORGAN (J.P.) 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077 N000000 N 077 O000000 Y 077 P000000 N 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 ICI MUTUAL INSURANCE COMPANY 080 C000000 70000 081 A000000 Y 081 B000000 86 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE GRACE TORRES TITLE TREASURER EX-99 2 PRU NAT MUNI 77O For the fiscal year ended (a) 12/31/99 File number (c) 811-2992 SUB-ITEM 77 0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 1. Name of Issuer City of Chicago General Obligation Bonds 2. Date of Purchase 11/09/99 3. Number of Securities Purchased 100,000 4. Dollar Amount of Purchase $2,166,900 5. Price Per Unit $21.669 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased Goldman Sachs 7. Other Members of the Underwriting Syndicate Morgan Stanley Dean Witter Siebert Brandford Shank & Co., LLC M.R. Beal & Company Banc of America Securities Bear, Stearns & Co., Inc. LaSalle Capital Markets Podest & Co. Banc One Capital Markets, Inc. Berean Capital, Inc. Loop Capital Markets, LLC Ramirez & Co., Inc. Dain Rauscher Incorporated Melvin Securities LLC For the fiscal year ended (a) 12/31/99 File number (c) 811-2992 SUB-ITEM 77 0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 1. Name of Issuer City of Chicago General Obligation Bonds 2. Date of Purchase 11/09/99 3. Number of Securities Purchased 50,000 4. Dollar Amount of Purchase $1,154,250 5. Price Per Unit $23.085 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased Goldman Sachs 7. Other Members of the Underwriting Syndicate Morgan Stanley Dean Witter Siebert Brandford Shank & Co., LLC M.R. Beal & Company Banc of America Securities Bear, Stearns & Co., Inc. LaSalle Capital Markets Podest & Co. Banc One Capital Markets, Inc. Berean Capital, Inc. Loop Capital Markets, LLC Ramirez & Co., Inc. Dain Rauscher Incorporated Melvin Securities LLC For the fiscal year ended (a) 12/31/99 File number (c) 811-2992 SUB-ITEM 77 0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 1. Name of Issuer Metropolitan Transportation Authority, NY 2. Date of Purchase 10/27/99 EX-99 3 PRU NAT MUNI 77J For the year ended December 31, 1999 File number 811-2992 SUB-ITEM 77J Reclassification of Capital Accounts The Fund accounts and reports for distributions to shareholders in accordance with the American Institute of Certified Public Accountants', Statement of Position 93- 2: Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies. The effect of applying this statement was to increase undistributed net investment income by $120,704, increase accumulated net realized loss on investments by $149,567 and increase paid in capital by $28,863, due to the sale of securities purchased with market discount during the year ended December 31, 1999. Net investment income, net realized gains and net assets were not affected by this change. EX-99 4 PRU NAT MUNI 77M For the fiscal period ended (a) 6/30/99 File number (c) 811-2992 SUB-ITEM 77M Mergers On January 22, 1999, Prudential National Municipals Fund, Inc. (The Registrant), acquired all the net assets of Prudential Municipal Series Fund (Maryland and Michigan Series) and Prudential Municipal Bond Fund (Intermediate Series) pursuant to a plan of reorganization approved by Prudential Municipal Series Fund (Maryland and Michigan Series) and Prudential Municipal Bond Fund (Intermediate Series) shareholders on January 14, 1999. The reorganization was approved by the Directors of the Registrant on August 26, 1998 but did not require the approval of the Registrant's shareholders. The acquisition was accomplished on January 22, 1999, by a tax- free exchange of Class A, Class B, Class C and Class Z shares of Prudential National Municipals Fund, Inc. for the net assets of Prudential Municipal Series Fund (Maryland and Michigan Series) and Prudential Municipal Bond Fund (Intermediate Series). EX-99 5 PRU NAT MUNI AUDITORS LETTER To the Shareholders and Board of Directors of Prudential National Municipals Fund, Inc. (2) Report of Independent Accountants To the Shareholders and Board of Directors of Prudential National Municipals Fund, Inc. In planning and performing our audit of the financial statements of Prudential National Municipals Fund, Inc., (the "Fund") for the year ended December 31, 1999, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1999. This report is intended solely for the information and use of the Board of Directors, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers LLP February 18, 2000 EX-27 6 PRU NAT MUNI CLASS A WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000314612 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. 001 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. (CLASS A) YEAR DEC-31-1999 DEC-31-1999 582,815,428 585,890,853 11,323,757 112,213 0 597,326,823 0 0 2,776,766 2,776,766 0 592,667,426 40,380,881 37,587,023 0 0 (1,252,169) 0 3,134,800 594,550,057 0 37,520,953 0 5,919,825 31,601,128 (373,416) (47,339,939) (16,112,227) 0 (16,112,227) (31,601,128) (120,704) 280,554,937 (261,665,210) 19,573,958 (25,482,601) 0 1,183,274 0 0 3,129,064 0 5,912,114 531,603,000 16.06 0.76 (1.34) (0.76) 0.00 0.00 14.72 0.86 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.00

EX-27 7 PRU NAT MUNI CLASS B WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000314612 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. 002 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. (CLASS B) YEAR DEC-31-1999 DEC-31-1999 582,815,428 585,890,853 11,323,757 112,213 0 597,326,823 0 0 2,776,766 2,776,766 0 592,667,426 40,380,881 37,587,023 0 0 (1,252,169) 0 3,134,800 594,550,057 0 37,520,953 0 5,919,825 31,601,128 (373,416) (47,339,939) (16,112,227) 0 (16,112,227) (31,601,128) (120,704) 280,554,937 (261,665,210) 19,573,958 (25,482,601) 0 1,183,274 0 0 3,129,064 0 5,912,114 118,044,000 16.10 0.73 (1.35) (0.73) 0.00 0.00 14.75 1.11 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.00

EX-27 8 PRU NAT MUNI CLASS C WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000314612 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. 003 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. (CLASS C) YEAR DEC-31-1999 DEC-31-1999 582,815,428 585,890,853 11,323,757 112,213 0 597,326,823 0 0 2,776,766 2,776,766 0 592,667,426 40,380,881 37,587,023 0 0 (1,252,169) 0 3,134,800 594,550,057 0 37,520,953 0 5,919,825 31,601,128 (373,416) (47,339,939) (16,112,227) 0 (16,112,227) (31,601,128) (120,704) 280,554,937 (261,665,210) 19,573,958 (25,482,601) 0 1,183,274 0 0 3,129,064 0 5,912,114 2,643,000 16.10 0.69 (1.35) (0.69) 0.00 0.00 14.75 1.36 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.00

EX-27 9 PRU NAT MUNI CLASS Z WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000314612 PRUDENTIAL NATIONAL MUNICIPALS FUND, INC. 004 # YEAR DEC-31-1999 DEC-31-1999 582,815,428 585,890,853 11,323,757 112,213 0 597,326,823 0 0 2,776,766 2,776,766 0 592,667,426 40,380,881 37,587,023 0 0 (1,252,169) 0 3,134,800 594,550,057 0 37,520,953 0 5,919,825 31,601,128 (373,416) (47,339,939) (16,112,227) 0 (16,112,227) (31,601,128) (120,704) 280,554,937 (261,665,210) 19,573,958 (25,482,601) 0 1,183,274 0 0 3,129,064 0 5,912,114 1,391,000 16 1 (1) (1) 0 0 15 1 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0

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