Prudential Mutual Funds
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PROSPECTUS SUPPLEMENT DATED JULY 23, 1999

How to Buy, Sell and Exchange Shares of the Fund(s)

The section entitled 'How to Buy, Sell and Exchange Shares of the Fund(s)--How
to Buy Shares' is amended as follows:

   The paragraph under 'Reducing or Waiving Class A's Initial Sales
Charge--Benefit Plans' is amended to read in its entirety as follows:

  Benefit Plans. Certain group retirement and savings plans may purchase Class A
  shares without the initial sales charge if they meet the required minimum for
  amount of assets, average account balance or number of eligible employees. For
  more information about these requirements, call Prudential at (800) 353-2847.

  Mutual Fund Programs. The initial sales charge will be waived for investors in
  certain programs sponsored by broker-dealers, investment advisers and
  financial planners who have agreements with Prudential Investments Advisory
  Group relating to:

      - Mutual fund 'wrap' or asset allocation programs where the sponsor places
        Fund trades and charges its clients a management, consulting or other
        fee for its services; or

      - Mutual fund 'supermarket' programs where the sponsor links its clients'
        accounts to a master account in the sponsor's name and the sponsor
        charges a fee for its services.

            Broker-dealers, investment advisers or financial planners sponsoring
      these mutual fund programs may offer their clients more than one class of
      shares in the Fund(s) in connection with different pricing options for
      their programs. Investors should consider carefully any separate
      transaction and other fees charged by these programs in connection with
      investing in each available share class before selecting a share class.

   The paragraphs under 'Waiving Class C's Initial Sales Charge--Benefit Plans'
and 'Waiving Class C's Initial Sales Charge--Prudential Retirement Plans' are
amended to read in their entirety as follows (not applicable to Prudential
Government Securities Trust):

MF990C6



  Benefit Plans. Certain group retirement plans may purchase Class C shares
  without the initial sales charge. For more information, call Prudential at
  (800) 353-2847.

   The first paragraph under 'Qualifying for Class Z Shares' is amended to read
in its entirety as follows (not applicable to Prudential Distressed Securities
Fund, Inc.):

  Benefit Plans. Certain group retirement plans may purchase Class Z shares if
  they meet the required minimum for amount of assets, average account balance
  or number of eligible employees. For more information about these
  requirements, call Prudential at (800) 353-2847.

  Mutual Fund Programs. Class Z shares can also be purchased by participants in
  any fee-based program or trust program sponsored by Prudential or an affiliate
  that includes the Fund(s) as an available option. Class Z shares can also be
  purchased by investors in certain programs sponsored by broker-dealers,
  investment advisers and financial planners who have agreements with Prudential
  Investments Advisory Group relating to:

      - Mutual fund 'wrap' or asset allocation programs, where the sponsor
        places Fund trades, links its clients' accounts to a master account in
        the sponsor's name and charges its clients a management, consulting or
        other fee for its services; or

      - Mutual fund 'supermarket' programs, where the sponsor links its clients'
        accounts to a master account in the sponsor's name and the sponsor
        charges a fee for its services.

              Broker-dealers, investment advisers or financial planners
        sponsoring these mutual fund programs may offer their clients more than
        one class of shares in the Fund(s) in connection with different pricing
        options for their programs. Investors should consider carefully any
        separate transaction and other fees charged by these programs in
        connection with investing in each available share class before selecting
        a share class.

   Other Types of Investors. Class Z shares can also be purchased by any of the
   following:

      - Certain participants in the MEDLEY Program (group variable annuity
        contracts) sponsored by Prudential for whom Class Z shares of the
        Prudential mutual funds are an available option;


      - Current and former Directors/Trustees of the Prudential mutual funds
        (including the Fund/Company); and

      - Prudential, with an investment of $10 million or more.

The section entitled 'How to Buy, Sell and Exchange Shares of the Fund(s)--How
to Sell Your Shares--Waiver of the CDSC--Class C Shares' is amended to read in
its entirety as follows (not applicable to Prudential Government Securities
Trust):

   Benefit Plans. The CDSC will be waived for redemptions by certain group
   retirement plans for which Prudential or brokers not affiliated with
   Prudential provide administrative or recordkeeping services. The CDSC will
   also be waived for certain redemptions by benefit plans sponsored by
   Prudential and its affiliates. For more information, call Prudential at (800)
   353-2847.

   Listed below are the names of the Prudential mutual funds and the dates of
the Prospectuses to which this supplement relates.

Name of Fund                                 Prospectus Date
- -----------------------------------------    ------------------
Nicholas-Applegate Fund, Inc.                March 15, 1999
Prudential Distressed Securities Fund,
   Inc.                                      February 5, 1999
Prudential Diversified Bond Fund, Inc.       March 2, 1999
Prudential Emerging Growth Fund, Inc.        January 14, 1999
Prudential Equity Fund, Inc.                 March 1, 1999
Prudential Equity Income Fund                January 14, 1999
Prudential Global Limited Maturity Fund,
   Inc.                                      January 22, 1999
Prudential Government Income Fund, Inc.      May 18, 1999
Prudential Government Securities Trust
   Short-Intermediate Term Series            March 29, 1999
Prudential High Yield Fund, Inc.             March 3, 1999
Prudential High Yield Total Return Fund,
   Inc.                                      June 1, 1999
Prudential Intermediate Global Income
   Fund, Inc.                                March 16, 1999
Prudential International Bond Fund, Inc.     March 16, 1999
Prudential Mid-Cap Value Fund                April 28, 1999
Prudential Pacific Growth Fund, Inc.         February 25, 1999
Prudential Real Estate Securities Fund       June 2, 1999
Prudential Sector Funds, Inc.
   Prudential Financial Services Fund        May 20, 1999
   Prudential Health Sciences Fund           May 20, 1999
   Prudential Technology Fund                May 20, 1999
   Prudential Utility Fund                   March 1, 1999



Name of Fund                                 Prospectus Date
- -----------------------------------------    ------------------
Prudential Small-Cap Quantum Fund, Inc.      May 27, 1999
Prudential Structured Maturity Fund, Inc.    March 1, 1999
Prudential Tax-Managed Equity Fund           January 20, 1999
Prudential World Fund, Inc.
   Global Series                             January 20, 1999
   International Stock Series                January 20, 1999
Prudential 20/20 Focus Fund                  April 26, 1999
The Global Total Return Fund, Inc.           March 1, 1999