EX-99.77D POLICIES 2 item77d1.txt EXHIBITION Jennison Blend Fund, Inc. For the Fiscal Period Ended 8/31/2007 File No. 811-03336 EXHIBIT 77D Policies with Respect to Security Investment Cash Accumulation Trust Liquid Assets Fund National Money Market Fund Dryden California Municipal Fund California Income Series Dryden Core Investment Fund Taxable Money Market Series Short-Term Bond Series Dryden Global Real Estate Fund, Inc. Dryden Global Total Return Fund, Inc. Dryden Government Income Fund, Inc. Dryden Government Securities Trust Money Market Series Dryden High Yield Fund, Inc. Dryden Index Series Fund, Inc. Dryden Stock Index Fund Dryden Municipal Bond Fund High Income Series Insured Series Dryden National Municipals Fund, Inc. Dryden Short-Term Bond Fund, Inc. Dryden Short-Term Corporate Bond Fund Dryden Ultra Short Bond Fund Dryden Small Cap Core Equity Fund, Inc. Dryden Tax-Free Money Fund Dryden Tax-Managed Funds Dryden Large-Cap Core Equity Fund Dryden Total Return Bond Fund, Inc. Jennison 20/20 Focus Fund Jennison Blend Fund, Inc. Jennison Natural Resources Fund, Inc. Jennison Sector Funds, Inc. Jennison Financial Services Fund Jennison Health Sciences Fund Jennison Technology Fund Jennison Utility Fund Jennison Small Company Fund, Inc. Jennison Mid-Cap Growth Fund, Inc. Jennison Value Fund MoneyMart Assets, Inc. Prudential Institutional Liquidity Portfolio, Inc. Institutional Money Market Series Prudential Investment Portfolios, Inc. Dryden Active Allocation Fund JennisonDryden Asset Allocation Funds JennisonDryden Conservative Allocation Fund JennisonDryden Moderate Allocation Fund JennisonDryden Growth Allocation Fund Jennison Growth Fund Jennison Equity Opportunity Fund Prudential World Fund, Inc. Dryden International Equity Fund Strategic Partners International Value Fund Nicholas-Applegate Fund, Inc. Strategic Partners Opportunity Funds Dryden Strategic Value Fund Jennison Select Growth Fund Strategic Partners Style Specific Funds, Inc. Jennison Conservative Growth Fund Dryden Small Capitalization Value Fund Target Asset Allocation Funds, Inc. Target Conservative Allocation Fund Target Growth Allocation Fund Target Moderate Allocation Fund Supplement dated April 5, 2007 to the Prospectus This supplement amends the Prospectus of each of the Funds referenced above, is in addition to any existing supplement to a Fund's Prospectus, and amends the prior supplement to each Fund's prospectus dated February 21, 2007. All of the changes contained in this supplement will be effective on or about May 29, 2007. 1. The Transfer Agent's addresses under the captions "How to Buy Shares-Opening an Account," "Additional Shareholder Services- Automatic Reinvestment," "How to Sell Your Shares," and "How to Exchange Your Shares" and on the back cover of each prospectus are deleted and replaced with the following address, except for the Prudential Institutional Liquidity Portfolios, Inc.: Prudential Mutual Fund Services LLC P.O. Box 9658 Providence, RI 02940 2.With respect to Prudential Institutional Liquidity Portfolios, Inc. only, the Transfer Agent's address under the captions "How to Buy Shares-Opening an Account," "Additional Shareholder Services-Automatic Reinvestment," "How to Sell Your Shares," and "How to Exchange Your Shares" and on the back cover of each prospectus is deleted and replaced with the following address: Prudential Mutual Fund Services LLC P.O. Box 9656 Providence, RI 02940 3.The following disclosure is to be added to the caption entitled "How to Sell Your Shares - Contingent Deferred Sales Charge (CDSC):" As part of the sourcing of certain Transfer Agency operations from Prudential Mutual Fund Services, Inc. ("PMFS") to PFPC that is anticipated to occur in or about May 29, 2007, the methodology for calculating your CDSC will change from a "dollar lot" to a "share lot" methodology. The methodologies are comparable, and there will be no change in the types of shares excluded from the CDSC calculation, as described above. The amount of CDSC calculated using a "share lot" calculation may be lower or higher compared to a "dollar lot" calculation, depending upon various factors such as whether the investor purchased fund shares in one or more lots and whether there has been net aggregate appreciation or depreciation across all shares subject to the CDSC. LR00149 Cash Accumulation Trust Liquid Assets Fund National Money Market Fund Dryden California Municipal Fund California Income Series Dryden Core Investment Fund Taxable Money Market Series Short-Term Bond Series Dryden Global Real Estate Fund, Inc. Dryden Global Total Return Fund, Inc. Dryden Government Income Fund, Inc. Dryden Government Securities Trust Money Market Series Dryden High Yield Fund, Inc. Dryden Index Series Fund, Inc. Dryden Stock Index Fund Dryden Municipal Bond Fund High Income Series Insured Series Dryden National Municipals Fund, Inc. Dryden Short-Term Bond Fund, Inc. Dryden Short-Term Corporate Bond Fund Dryden Ultra Short Bond Fund Dryden Small Cap Core Equity Fund, Inc. Dryden Tax-Free Money Fund Dryden Tax-Managed Funds Dryden Large-Cap Core Equity Fund Dryden Total Return Bond Fund, Inc. Jennison 20/20 Focus Fund Jennison Blend Fund, Inc. Jennison Natural Resources Fund, Inc. Jennison Sector Funds, Inc. Jennison Financial Services Fund Jennison Health Sciences Fund Jennison Technology Fund Jennison Utility Fund Jennison Small Company Fund, Inc. Jennison Mid-Cap Growth Fund, Inc. Jennison Value Fund MoneyMart Assets, Inc. Prudential Institutional Liquidity Portfolio, Inc. Institutional Money Market Series Prudential Investment Portfolios, Inc. Dryden Active Allocation Fund JennisonDryden Asset Allocation Funds JennisonDryden Conservative Allocation Fund JennisonDryden Moderate Allocation Fund JennisonDryden Growth Allocation Fund Jennison Growth Fund Jennison Equity Opportunity Fund Prudential World Fund, Inc. Dryden International Equity Fund Strategic Partners International Value Fund Nicholas-Applegate Fund, Inc. Strategic Partners Opportunity Funds Dryden Strategic Value Fund Jennison Select Growth Fund Strategic Partners Style Specific Funds, Inc. Jennison Conservative Growth Fund Dryden Small Capitalization Value Fund Target Asset Allocation Funds, Inc. Target Conservative Allocation Fund Target Growth Allocation Fund Target Moderate Allocation Fund Supplement dated April 5, 2007 to the Statement of Additional Information This supplement amends the Statement of Additional Information of each of the funds referenced above, is in addition to any existing supplement to a Fund's Statement of Additional Information, and amends the prior supplement to each Fund's prospectus dated February 21, 2007. All of the changes contained in this supplement will be effective on or about May 29, 2007 . 1. The last sentence of the second paragraph under the section captioned "Purchase, Redemption and Pricing of Fund Shares-Sale of Shares" is deleted and replaced with the following, except for the Prudential Institutional Liquidity Portfolios, Inc.: All correspondence and documents concerning redemptions should be sent to the Fund in care of Prudential Mutual Fund Services LLC, P.O. Box 9658, Providence, Rhode Island 02940, to the Distributor or to your broker. 2. With respect to Prudential Institutional Liquidity Portfolios, Inc. only, the last sentence of the second paragraph under the section captioned "Purchase, Redemption and Pricing of Fund Shares-Sale of Shares" is deleted and replaced with the following: All correspondence and documents concerning redemptions should be sent to the Fund in care of Prudential Mutual Fund Services LLC, P.O. Box 9656, Providence, Rhode Island 02940, to the Distributor or to your broker. LR00150