PRUDENTIAL MUTUAL FUNDS

                         Supplement dated June 1, 1999


    The following paragraph is added after the last paragraph under "Purchase,
Redemption and Pricing of Fund Shares--Class Z Shares" in the Statement of
Additional Information (SAI):

    PruArray Association Benefit Plans. Class Z shares are also offered to
Benefit Plans or non-qualified plans sponsored by employers which are members of
a common trade, professional or membership association (Association) that
participate in a PruArray Plan, provided that the Association enters into a
written agreement with Prudential. Such Benefit Plans or non-qualified plans may
purchase Class Z shares without regard to the assets or number of participants
in the individual employer's qualified plans or non-qualified plans so long as
the employers in the Association have retirement plan assets in the aggregate of
at least $250 million for which Prudential Retirement Services provides
participant-level recordkeeping services.

    Listed below are the names of the Prudential Mutual Funds and the dates of
the SAIs to which this supplement relates.





         Name of Fund                                                    Date of SAI
         -----------------------------------------------------------     ---------------
                                                                      
         Prudential Equity Fund, Inc.                                    March 1, 1999
         Prudential Government Income Fund, Inc.                         May 18, 1999
         Prudential Intermediate Global Income Fund                      March 16, 1999



MF990C4 (6/1/99)