24F-2NT

                                        February 25, 1994

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC  20549

Re:  Rule 24f-2 Notice for Prudential Equity Fund, Inc.
     (File No. 2-75128)                                      

Ladies and Gentlemen:

     This Notice is filed on behalf of Prudential Equity Fund, Inc.
pursuant to the requirements of Rule 24f-2 under the Investment
Company Act of 1940.

     1.   Fiscal year for which notice is filed:  12/31/93.

     2.   Number of shares registered under the Securities Act of
          1933 other than pursuant to Rule 24f-2 but which remained
          unsold as of the beginning of the fiscal year, 1/1/93: 
          None.

     3.   The number of shares registered during the fiscal year
          ended 12/31/93 other than pursuant to Rule 24f-2:  None.

     4.   The number of shares sold* during the fiscal year ended
          12/31/93:  94,768,367

     5.   The number of shares sold during the fiscal year ended
          12/31/93 in reliance upon Rule 24f-2:  94,768,367

Pursuant to the requirements of Rule 24f-2, the amount of
$126,575.09 has been forwarded to the Securities and Exchange
Commission in payment of the fee as calculated below, together with
the required opinion of counsel.
                                   
                                   Very truly yours,



SJR:sd                             S. Jane Rose
Enclosure                          Secretary


*Calculation of Fee         No. of Shares         Dollar Amount
                              
Shares sold                   94,768,367          $1,244,001,937

Shares redeemed              (66,708,690)         $(876,936,737)
Net sales for calculation      
of fee                        28,059,677          $367,065,200 

Fee at 1/29 of 1%                                 $126,575.09  

EX-99

SULLIVAN & CROMWELL

NEW YORK TELEPHONE: (212) 558-4000
TELEX: 62694 (INTERNATIONAL) 127816 (DOMESTIC)
CABLE ADDRESS: LADYCOURT, NEW YORK                
FACSIMILE: (212) 558-3588 (125 Broad Street)


               125 Broad Street, New York 10004-2498
               250 PARK AVENUE, NEW YORK 10177-0021
               (212) 558-3792 (250 Park Avenue)
               1701 PENNSYLVANIA AVE, N.W. WASHINGTON, D.C.
                    20006-5805
               444 SOUTH FLOWER STREET, LOS ANGELES 90071-2901
               8, PLACE VEND ME, 75001 PARIS
               ST. OLAVE'S HOUSE, 9a IRONMONGER LANE, LONDON
                    EC2V 8EY
               101 COLLINS STREET, MELBOURNE 3000
               2-1, MARUNOUCHI I-CHOME, CHIYODA-KU, TOKYO 100
               GLOUCESTER TOWER, 11 PEDDER STREET, HONG KONG



                                          February 24, 1994



Prudential Equity Fund, Inc.,
   One Seaport Plaza,
      New York, New York 10292.

Dear Sirs:

       You have requested our opinion in connection with the notice
which you propose to file pursuant to Rule 24f-2 under the
Investment Company Act of 1940 with respect to 94,768,367 shares
of your Common Stock, $.01 par value (the "Shares").

       As your counsel, we are familiar with your organization and
corporate status and the validity of your Common Stock.

       We advise you that, in our opinion, the Shares are legally
and validly issued, fully paid and nonassessable.

       The foregoing opinion is limited to the Federal laws of the
United States and the General Corporation Laws of the State of
Maryland, and we are expressing no opinion as to the effect of
the laws of any other jurisdiction.

       We have relied as to certain matters on information obtained
from public officials, your officers and other sources believed
by us to be responsible.

       We consent to the filing of this opinion with the Securities
and Exchange Commission in connection with the notice referred to
above.  In giving such consent, we do not thereby admit that we
come within the category of persons whose consent is required
under Section 7 of the Securities Act of 1933.


                                     Very truly yours,



                                     Sullivan & Cromwell