N-Q 1 dnq.htm THE PRUDENTIAL WORLD FUND, INC. THE PRUDENTIAL WORLD FUND, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number:

   811-03981

Exact name of registrant as specified in charter:

   Prudential World Fund, Inc.

Address of principal executive offices:

  

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Name and address of agent for service:

  

Jonathan D. Shain

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Registrant’s telephone number, including area code:

   973-802-5032

Date of fiscal year end:

   10/31/2005

Date of reporting period:

   1/31/2005

 

 


Item 1. Schedule of Investments [INSERT REPORT]


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited)

 

Shares


  

Description


   Value

LONG-TERM INVESTMENTS 97.4%       
COMMON STOCKS 97.4%       
Australia 4.7%       

18,579

   Australia and New Zealand Banking Group, Ltd.    $ 296,450

14,025

   BHP Billiton, Ltd.      176,833

103,439

   BlueScope Steel, Ltd.      742,282

63,463

   Boral, Ltd.      354,100

21,845

   Centro Properties Group      90,400

9,417

   Commonwealth Bank of Australia      244,619

1

   CSL, Ltd.      17

21,152

   General Property Trust      63,436

39,488

   Macquarie Infrastructure Group      116,591

42,934

   Mirvac Group      156,710

24,796

   Orica, Ltd.      369,133

30,795

   QBE Insurance Group, Ltd.      363,935

23,433

   Stockland Trust      106,596

9,714

   Suncorp-Metway, Ltd.      140,395

48,727

   Telstra Corp., Ltd.      186,539

1,341

   Wesfarmers, Ltd.      40,841

2,800

   Westfield Group(a)      36,974

54,562

   Westpac Banking Corp.      811,830

42,241

   Woolworths, Ltd.      477,599
         

            4,775,280
Austria 1.2%       

280

   Bank Austria Creditanstalt      24,327

10,734

   Erste Bank der oesterreichischen Sparkassen AG      530,308

663

   OMV AG      206,470

2,545

   Telekom Austria AG      47,773

5,204

   voestalpine AG      394,131

1,126

   Wienerberger AG      51,960
         

            1,254,969
Belgium 2.0%       

503

   Bekaert NV      39,997

2,340

   Belgacom(a)      96,664

920

   Delhaize Group      67,758

31,734

   Dexia      709,028

9,796

   Fortis      264,330

5,961

   KBC Bankverzekeringsholding      460,400

2,845

   Mobistar SA(a)      251,258

161

   SA D’Ieteren NV      33,244

1,126

   Umicore      100,397
         

            2,023,076
Bermuda            

14,000

   Kerry Properties, Ltd.      29,436

240

   Ship Finance International, Ltd.      5,463
         

            34,899

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

Cayman Islands

    

10,000

   Kingboard Chemical Holdings, Ltd.    22,180
Denmark 0.3%     

12

   A P Moller - Maersk A/S    98,380

2,400

   Danisco A/S    142,104

401

   DSV A/S    28,625

1,700

   TDC A/S    70,579
         
          339,688
Finland 1.9%     

42,437

   Fortum Oyj    757,867

9,668

   Kesko Oyj (Class “B” Shares)    248,652

24,161

   Nokia Oyj    370,067

700

   Nokian Renkaat Oyj    100,601

1,600

   Orion Oyj (Class “B” Shares)    26,217

4,400

   Outokumpu Oyj (Class “A” Shares)    77,947

3,271

   Pohjola Group PLC (Class “D” Shares)    36,755

6,824

   Rautaruukki Oyj    72,053

18,909

   Sampo Oyj (Class “A” Shares)    250,185
         
          1,940,344
France 8.8%     

2,887

   Air France    52,875

22,968

   Axa    557,481

13,232

   BNP Paribas SA    954,708

12,364

   Bouygues SA    484,319

4,966

   Business Objects SA(a)    122,218

1,202

   Cap Gemini SA(a)    38,937

2,335

   CNP Assurances    166,800

11,206

   Compagnie de Saint-Gobain    691,961

560

   Compagnie Generale des Etablissements Michelin (Class “B” Shares)    36,229

8,737

   Credit Agricole SA    260,241

1,736

   France Telecom SA(a)    54,469

3,293

   Lafarge SA    339,544

2,077

   Pernod Ricard SA    294,032

8,254

   Renault SA    674,621

16,170

   Sanofi-Synthelabo SA    1,206,738

6,235

   Societe Generale    620,951

2,643

   Suez SA    71,111

8,146

   Total SA    1,746,779

3,669

   Vinci SA    526,100
         
          8,900,114
Germany 5.6%     

1,564

   Allianz AG    185,424

11,589

   Commerzbank AG(a)    246,544

9,256

   Continental AG    642,496

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

649

   DaimlerChrysler AG    29,509

7,013

   Deutsche Bank AG    596,502

17,830

   Deutsche Post AG    415,340

16,072

   Deutsche Telekom AG(a)    347,362

11,590

   E.ON AG    1,038,232

1,596

   HeidelbergCement AG    107,352

2,485

   Metro AG    129,832

5,447

   Muenchener Rueckversicherungs-Gesellschaft AG    622,495

789

   Puma AG Rudolf Dassler Sport    194,479

3,272

   RWE AG    188,650

903

   SAP AG    140,417

4,762

   Siemens AG    377,665

7,462

   Suedzucker AG    151,353

9,899

   ThyssenKrupp AG    211,494
         
          5,625,146
Greece 1.4%     

4,137

   Alpha Bank AE    140,212

1,484

   Cosmote Mobile Telecommunications SA    27,856

15,364

   EFG Eurobank Ergasias    495,086

5,300

   Hellenic Petroleum SA    58,725

7,596

   Intracom SA    42,380

8,842

   National Bank of Greece SA    298,523

11,300

   OPAP SA    301,967

1,545

   Titan Cement Co.    50,269
         
          1,415,018
Hong Kong 1.5 %     

40,000

   Cheung Kong Holdings, Ltd.    366,671

9,500

   CLP Holdings, Ltd.    53,956

71,006

   Esprit Holdings, Ltd.    411,476

21,000

   Hopewell Holdings, Ltd.    53,174

13,000

   Swire Pacific, Ltd. (Class “A” Shares)    102,084

213,382

   Techtronic Industries Co., Ltd.    477,380
         
          1,464,741
Ireland 1.2%     

8,556

   Allied Irish Banks PLC    170,086

26,997

   Bank of Ireland    425,823

11,853

   CRH PLC    314,118

8,347

   Depfa Bank PLC    147,434

12,529

   Independent News & Media PLC    35,931

7,279

   Irish Life & Permanent PLC    130,467
         
          1,223,859
Italy 3.2%     

26,303

   Banca Fideuram SpA    143,235

141,081

   Banca Intesa SpA    655,166

16,837

   Banca Popolare di Verona E Novara Scrl    323,292

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

500

   Benetton Group SpA    6,524

400

   Bulgari SpA    4,930

17,136

   Capitalia SpA    77,512

49,488

   Eni SpA    1,202,468

13,541

   Grupo Editoriale L'Espresso SpA    80,137

5,883

   Italcementi SpA    99,464

23,123

   Mediaset SpA    322,218

1,840

   Mondadori (Arnoldo) Editore SpA    20,507

6,870

   Riunione Adriatica di Sicurta SpA    155,286

1,965

   SanPaolo IMI SpA    27,405

10,912

   Snam Rete Gas SpA    64,792

1,804

   Telecom Italia Mobile SpA    12,558
         
          3,195,494

Japan 22.3%

    

410

   ACOM Co., Ltd.    28,851

2,700

   Advantest Corp.    226,011

600

   Aiful Corp.    68,204

900

   AISIN SEIKI Co., Ltd.    21,314

2,000

   Ajinomoto Co., Inc.    24,242

2,000

   ALPS ELECTRIC Co., Ltd.    27,413

19,800

   Aoyama Trading Co., Ltd.    527,273

13,000

   Asahi Breweries, Ltd.    162,476

50,000

   Asahi Glass Co., Ltd.    527,766

37,000

   Asahi Kasei Corp.    183,113

700

   Asatsu - DK, Inc.    20,366

4,000

   BANK OF FUKUOKA, Ltd. (The)    25,557

9,000

   Bank of Yokohama, Ltd.    56,807

7,000

   Bridgestone Corp.    137,693

16,000

   Canon, Inc.    835,146

20,900

   Chubu Electric Power Co., Inc.    494,950

4,000

   Citizen Watch Co., Ltd.    36,344

1,500

   Coca-Cola West Japan Co., Ltd.    35,740

21,000

   Dai Nippon Printing Co., Ltd.    331,680

3,000

   Daimaru, Inc. (The)    26,214

13,000

   Denki Kagaku Kogyo Kabushiki Kaisha    43,729

16,800

   Denso Corp.    436,828

37

   East Japan Railway Co.    199,923

4,000

   Eisai Co., Ltd.    129,912

400

   Fast Retailing Co., Ltd.    27,258

15,500

   Honda Motor Co., Ltd.    813,542

4,100

   Hoya Corp.    422,860

7,000

   Itochu Corp.(a)    33,155

34

   Japan Tobacco, Inc.    361,510

22,400

   JFE Holdings, Inc.    620,328

7,000

   Kaneka Corp.    78,082

7,600

   Kansai Electric Power Co., Inc.    147,658

3,200

   Katokichi Co., Ltd.    66,038

35,000

   Kawasaki Kisen Kaisha, Ltd.    237,833

23,000

   Kikkoman Corp.    230,989

60,000

   Komatsu, Ltd.    445,991

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares

  

Description


   Value

75,000    Kubota Corp.    401,624
17,000    Kuraray Co., Ltd.    156,764
6,000    Kyowa Hakko Kogyo Co., Ltd.    46,223
15,000    Kyushu Electric Power Co., Inc.    297,231
15,000    Makita Corp.    270,407
17,000    Meiji Dairies Corp.    103,852
56,000    Mitsubishi Corp.    658,219
80,000    Mitsubishi Gas Chemical Co., Inc.    377,362
21,000    Mitsubishi Rayon Co., Ltd.    72,669
23,000    Mitsui & Co., Ltd.    213,648
14,000    Mitsui Chemicals, Inc.    81,059
80,000    Mitsui Mining & Smelting Co., Ltd.    377,362
73,000    Mitsui O.S.K. Lines, Ltd.    456,537
9,000    NGK SPARK PLUG Co., Ltd.    90,996
3,800    NIDEC Corp.    426,814
4,300    Nintendo Co., Ltd.    487,961
4,000    Nippon Meat Packers, Inc.    54,400
65,000    Nippon Oil Corp.    446,088
32,000    Nippon Shokubai Co., Ltd.    276,835
106    Nippon Telegraph and Telephone Corp.    447,750
35,000    Nippon Yusen Kabushiki Kaisha    194,529
69,600    Nissan Motor Co., Ltd.    736,668
17,000    Nisshin Seifun Group, Inc.    191,107
24,000    Nisshin Steel Co., Ltd.    57,068
7,000    NTN Corp.    39,718
10,000    Obayashi Corp.    64,086
25,000    Oji Paper Co., Ltd.    141,124
8,000    Oki Electric Industry Co., Ltd.(a)    35,339
1,200    ORIX Corp.    158,794
1,850    Promise Co., Ltd.    130,361
21,000    Ricoh Co., Ltd.    371,263
1,900    Sankyo Co., Ltd.    102,847
4,600    Sankyo Company, Ltd.    102,489
14,000    Sanwa Shutter Corp.    79,571
8,000    Sapporo Holdings, Ltd.    37,118
1,500    Sega Sammy Holdings, Inc.(a)    96,709
9,000    Seino Transportation Co., Ltd.    84,733
7,000    Sekisui Chemical Co., Ltd.    54,806
5,000    SHIMIZU Corp.    24,842
51,000    Sumitomo Corp.    437,756
13,000    Sumitomo Electric Industries, Ltd.    142,245
32,000    Sumitomo Heavy Industries, Ltd.(a)    143,521
8,000    Sumitomo Realty & Development Co., Ltd.    111,971
9,000    Taisho Pharmaceutical Co., Ltd.    189,213
19,900    Takeda Chemical Industries, Ltd.    946,383
3,170    Takefuji Corp.    222,456
15,100    Tohoku Electric Power Co., Inc.    268,853
6,500    Tokyo Broadcasting System, Inc.    108,569
134,000    Tokyo Gas Co., Ltd.    554,367
11,000    Tokyu Corp.    60,712
18,000    Tosoh Corp.    82,645
6,000    Toyo Suisan Kaisha, Ltd.    84,327

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

6,000

   Toyoda Industries Corp.    145,281

40,500

   Toyota Motor Corp.    1,577,642

11,500

   Trend Micro, Inc.    516,891

31

   West Japan Railway Co.    122,556

2,600

   Yamada Denki Co., Ltd.    109,574

16,500

   Yamaha Corp.    252,153
         
          22,616,884
Luxembourg 0. 2%     

7,801

   Arcelor    174,093
Netherlands 4.7%     

16,479

   ABN AMRO Holding NV    445,950

34,851

   Aegon NV    472,472

2,528

   Corio NV    147,699

1,707

   DSMNV    106,073

9,614

   European Aeronautic Defence and Space Co.    293,883

36,607

   ING Groep NV    1,053,636

66,886

   Koninklijke (Royal) KPN NV    642,585

4,463

   Randstad Holdings NV    174,532

15,393

   Royal Dutch Petroleum Co.    893,920

17,401

   TPG NV    477,252

857

   Wereldhave NV    88,254
         
          4,796,256
New Zealand 0. 3%     

21,199

   Fletcher Building, Ltd.    98,746

9,075

   Sky Network Telelevison, Ltd.(a)    39,948

44,024

   Telecom Corporation of New Zealand, Ltd.    192,855
         
          331,549
Norway 1.0%     

54,809

   DNB NOR ASA    502,518

4,180

   Norsk Hydro ASA    318,110

1,490

   Statoil ASA    22,632

21,800

   Telenor ASA    200,732
         
          1,043,992
Portugal 0.1%     

5,109

   Banco BPI SA    20,979

500

   Banco Espirito Santo SA    8,597

7,880

   Jeronimo Martins, SGPS SA(a)    106,931
         
          136,507
Singapore 1.1%     

36,000

   DBS Group Holdings, Ltd.    347,550

2,000

   Fraser and Neave, Ltd.    20,408

15,000

   Jardine Cycle & Carriage, Ltd.    91,654

110,000

   Neptune Orient Lines, Ltd.    228,523

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

15,000

   Oversea-Chinese Banking Corp., Ltd.    125,565

20,000

   Singapore Airlines, Ltd.    142,979

95,000

   Singapore Post, Ltd.    51,952

5,000

   Singapore Press Holdings, Ltd.    13,626

10,000

   United Overseas Bank, Ltd.    84,932
         
          1,107,189
Spain 3.3%     

1,000

   Acerinox SA    15,226

9,039

   ACS SA    226,583

16,426

   Banco Bilbao Vizcaya Argentaria SA    276,644

47,269

   Banco Santander Central Hispano SA    561,335

21,255

   Endesa SA    484,040

10,023

   Iberdrola SA    248,244

1,963

   Metrovacesa SA    96,649

32,153

   Repsol YPF SA    821,496

4,925

   Telefonica Publicidad e Informacion SA    43,784

24,184

   Telefonica SA    440,090

6,018

   Union Fenosa SA    162,230
         
          3,376,321
Sweden 2.2%     

500

   Capio AB(a)    6,459

22,787

   Skandinaviska Enskilda Banken AB (Class “A” Shares)    406,057

3,304

   SSAB Svenskt Stal AB (Class “A” Shares)    78,975

10,000

   Svenska Handelsbanken AB (Class “A” Shares)    236,880

191,812

   Telefonaktiebolaget LM Ericsson (Class “B” Shares)(a)    562,809

48,094

   TeliaSonera AB    272,595

15,181

   Volvo AB (Class “B” Shares)    616,005
         
          2,179,780
Switzerland 5.7%     

26,453

   Credit Suisse Group(a)    1,065,020

2,539

   Kudelski SA(a)    98,377

2,588

   Nestle SA    679,391

16,918

   Novartis AG    811,381

246

   Rieter Holding AG    74,514

4,686

   Roche Holdings AG    499,157

105

   SGS SA    74,255

163

   Sulzer AG    64,871

4,770

   Swiss Re    326,294

166

   Swisscom AG    62,782

18,226

   UBS AG    1,479,089

2,893

   Zurich Financial Services AG(a)    481,234
         
          5,716,365
United Kingdom     

6,611

   Anglo American PLC    153,618

23,737

   AstraZeneca PLC    890,929

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

46,256

   Aviva PLC    553,995

5,772

   BAA PLC    67,932

116,676

   Barclays PLC    1,280,763

35,674

   Barratt Developments PLC    409,091

8,276

   Bellway PLC    132,680

17,461

   Berkeley Group Holdings PLC    273,675

22,307

   BHP Billiton PLC    276,421

230,867

   BP PLC    2,277,340

1,000

   BPB PLC    9,765

11,579

   British Airways PLC(a)    58,038

214,380

   BT Group PLC    841,031

2,104

   Carnival PLC    126,352

12,909

   Centrica PLC    56,791

43,519

   COLT Telecom Group PLC(a)    46,581

10,034

   Diageo PLC    136,923

17,115

   Dixons Group PLC    51,165

11,754

   Enterprise Inns PLC    165,271

114,915

   Friends Provident PLC    346,244

49,388

   George Wimpey PLC    390,301

73,284

   GlaxoSmithKline PLC    1,624,095

4,749

   Hanson PLC    44,360

45,125

   HBOS PLC    720,458

54,065

   HHG PLC CDI(a)    63,684

153,391

   HSBC Holdings PLC    2,541,593

69,728

   Imperial Chemical Industries PLC    310,373

27,229

   Imperial Tobacco Group PLC    714,884

4,866

   Inchcape PLC    185,850

34,132

   Kelda Group PLC    387,867

29,818

   Kesa Electricals PLC    179,686

136,625

   Legal & General Group PLC    296,341

28,711

   Lloyds TSB Group PLC    268,728

10,461

   Mitchells & Butlers PLC    64,173

8,546

   National Grid Transco PLC    83,212

9,218

   Next PLC    273,135

36,500

   Persimmon PLC    494,978

17,091

   Reckitt Benckiser PLC    508,351

48,582

   Reuters Group PLC    364,918

10,719

   Rio Tinto PLC    333,582

5,694

   RMC Group PLC    90,856

67,461

   Royal & Sun Alliance Insurance Group PLC    109,107

20,113

   Royal Bank of Scotland Group PLC    668,037

37,654

   SABMiller PLC    577,741

17,894

   Scottish and Southern Energy PLC    300,205

1,826

   Severn Trent PLC    31,754

107,177

   Shell Transport & Trading Co. PLC    936,949

32,546

   Tate & Lyle PLC    270,094

41,059

   Taylor Woodrow PLC    221,869

131,357

   Tesco PLC    763,696

4,713

   Tomkins PLC    24,045

4,775

   Trinity Mirror PLC    61,242

33,210

   United Utilities PLC    401,192

566,943

   Vodafone Group PLC    1,464,955

 


Prudential World Fund, Inc.

Dryden International Equity Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

20,033

   Whitbread PLC      332 879

16,505

   William Hill PLC      180,710

8,389

   Wolseley PLC      173,810

34,073

   WPP Group PLC      371,131
         

            24,985,446

United States

      
0    News Corp.      7
     Total common stocks      98,679,197
         

Preferred Stocks

      

Germany

      
43    Porsche AG      28,016
         

    

Total long-term investments
(cost $79,002,855)

     98,707,213
         

Principal
Amount
(000)


         

SHORT-TERM INVESTMENTS 0.4%

      

U.S. Government Securities 0.4%

      

United States 0.4%

      

380

   United States Treasury Bills(b)(c)       
     2.18%, 3/17/05      379,023
         

Shares


  

Description


  

Mutual Fund

      

73,756

   Dryden Core Investment Fund - Taxable Money Market Series      73,756
         

    

Total short-term investments
(cost $452,750)

     452,779
         

    

Total Investments 97.8%
(cost $79,455,605(d))

     99,159,992
     Other assets in excess of liabilities 2.2%      2,191,380
         

     Net Assets 100%    $ 101,351,372
         

 

(a) Non-income producing security.

 

(b) Rate quoted represents yield-to-maturity as of purchase date.

 

(c) All or portion of security segregated as collateral for financial futures contracts.

 

(d) The United States Federal income tax basis of the Fund’s investments and the unrealized appreciation as of January 31, 2005 were as follows:

 

Tax Basis of Investments


 

Appreciation


 

Depreciation


 

Net Unrealized Appreciation


$79,546,397

  $19,908,747   $295,152   $19,613,595

 

The difference between book basis and tax basis was attributable to deferred losses on wash sales.

 

(e) Open futures contracts as of January 31, 2005 were as follows:

 

Number of
Contracts


  

Type


   Expiration
Date


  

Value at
Trade

Date


   Value at
January 31,
2005


   Unrealized
Appreciation
(Depreciation)


     Long Positions:                          
4    Hang Seng Stock Index    Feb. 05    $ 348,338    $ 351,466    $ 3,128
4    Nikkei 225 Index    Mar. 05      227,000      227,700      700
5    Share Price Index 200    Mar. 05      386,933      395,709      8,776
8    FTSE 100 Index    Mar. 05      718,726      728,185      9,459
29    DJ Euro Stoxx 50 Index    Mar. 05      1,116,021      1,131,820      15,799
                            

                             $ 37,862
                            

 


The industry classification of portfolio holdings shown as a percentage of net assets as of January 31, 2005 was as follows:

 

Commercial Banks

   19.5 %

Oil & Gas

   9.6  

Pharmaceuticals

   6.4  

Insurance

   5.0  

Diversified Telecommunication Services

   4.1  

Metals & Mining

   3.8  

Automobiles

   3.8  

Electric Utilities

   3.5  

Household Durables

   2.4  

Machinery

   2.2  

Diversified Financials

   2.2  

Chemicals

   2.1  

Food Products

   2.0  

Wireless Telecommunication Services

   2.0  

Food & Drug Retailing

   1.6  

Auto Components

   1.6  

Real Estate

   1.5  

Trading Companies & Distributors

   1.5  

Construction Materials

   1.5  

Media

   1.5  

Specialty Retail

   1.4  

Building Products

   1.3  

Beverages

   1.2  

Marine

   1.2  

Office Electronics

   1.2  

Hotels Restaurants & Leisure

   1.2  

Tobacco

   1.1  

Electronic Equipment & Instruments

   1.0  

Communications Equipment

   1.0  

Air Freight & Couriers

   0.9  

Construction & Engineering

   0.8  

Software

   0.8  

Gas Utilities

   0.7  

Multi-Utilities

   0.7  

Commercial Services & Supplies

   0.6  

Electrical Equipment

   0.5  

Household Products

   0.5  

Road & Rail

   0.5  

Multiline Retail

   0.4  

Water Utilities

   0.4  

Leisure Equipment & Products

   0.4  

Cash & Equivalent

   0.4  

Distributors

   0.3  

Aerospace & Defense

   0.3  

Airlines

   0.3  

Semiconductor Equipment & Products

   0.2  

Textiles & Apparel

   0.2  

Transportation Infrastructure

   0.2  

Paper & Forest Products

   0.1  

Industrial Conglomerates

   0.1  

IT Consulting & Services

   0.1  
    

     97.8  

Other assets in excess of liabilities

   2.2  
    

     100 %
    

 


Dryden World Fund, Inc. Jennison Global Growth Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited)

 

Shares


  

Description


   Value

LONG-TERM INVESTMENTS 99.1%

      

COMMON STOCKS

      

Australia 0.4%

      

71,000

   BHP Billiton Ltd.    $ 895,199

23,500

   Rio Tinto Ltd.      781,266
         

            1,676,465

Austria 0.5%

      

44,300

   Erste Bank der Oesterreichischen Sparkassen AG      2,188,621

Bermuda 1.9%

      

124,700

   Marvell Technology Group Ltd.(a)      4,171,215

105,300

   Tyco International Ltd.(b)      3,805,542
         

            7,976,757

Canada 1.2%

      

18,500

   Research In Motion Ltd.(a)      1,318,865

121,100

   Suncor Energy, Inc.      3,875,200
         

            5,194,065

France 4.2%

      

49,907

   France Telecom S.A.      1,565,904

70,100

   Schneider Electric S.A.      5,354,800

50,253

   Total S.A.      10,775,949
         

            17,696,653

Germany 4.8%

      

279,600

   Deutsche Telekom AG(a)      6,042,954

119,700

   Metro AG      6,253,879

74,500

   RWE AG      4,295,373

42,454

   Siemens AG      3,366,941
         

            19,959,147

Hong Kong 1.8%

      

229,300

   Cheung Kong Holdings Ltd.      2,101,944

2,250,000

   Cosco Pacific Ltd.      4,687,560

157,000

   Esprit Holdings Ltd.      909,806
         

            7,699,310

India 0.1%

      

16,500

   Reliance Industries Ltd. (GDR)      407,550

Ireland 1.3%

      

230,875

   Anglo-Irish Bank Corp. PLC      5,627,897

Italy 1.9%

      

88,167

   Eni SpA      2,142,297

259,676

   Riunione Adriatica di Sicurta SpA      5,869,600
         

            8,011,897

 


Dryden World Fund, Inc. Jennison Global Growth Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

Japan 12.0%

    

351,000

   Asahi Glass Co. Ltd.(b)    3,704,915

78,800

   Canon, Inc.    4,113,093

7,100

   FANUC Ltd.    479,716

229,900

   JFE Holdings, Inc.    6,366,667

1,400

   Keyence Corp.    321,666

344,000

   Mitsubishi Corp.    4,043,342

567,000

   Mitsubishi Estate Co. Ltd.    7,174,163

402

   Mitsubishi Tokyo Financial Group, Inc.    3,796,375

646,000

   Mitsui & Co. Ltd.    6,000,735

42,100

   Nidec Corp.    4,728,645

311,900

   Nissan Motor Co. Ltd.    3,301,247

48,000

   Sharp Corp.    736,320

384,000

   Sumitomo Realty & Development Co. Ltd.    5,374,627
         
          50,141,511

Netherlands 0.3%

    

36,885

   ING Groep NV    1,061,638

Spain 2.6%

    

327,284

   Banco Bilbao Vizcaya Argentaria S.A.    5,512,073

285,702

   Telefonica S.A.    5,199,078
         
          10,711,151

Switzerland 6.8%

    

70,200

   Alcon, Inc.(b)    5,559,840

88,695

   Novartis AG    4,253,778

77,300

   Novartis AG (ADR)    3,701,124

12,813

   Roche Holding AG    1,364,851

101,600

   Roche Holding AG (ADR)    5,411,257

102,762

   UBS AG    8,339,415
         
          28,630,265

United Kingdom 9.0%

    

25,129

   Anglo American PLC    583,916

188,700

   BHP Billition PLC    2,338,308

477,232

   BP PLC    4,707,557

397,500

   Cadbury Schweppes PLC    3,564,938

150,738

   Centrica PLC    663,145

324,699

   Exel PLC    4,905,439

24,920

   Reckitt Benckiser PLC    741,215

242,340

   Royal Bank Scotland Group PLC (The)    8,049,128

1,361,800

   Tesco PLC    7,917,367

1,639,866

   Vodafone Group PLC    4,237,340
         
          37,708,353

 


Dryden World Fund, Inc. Jennison Global Growth Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

United States 50.3%

    

99,000

   Activision, Inc.(a)    2,237,400

133,200

   Agilent Technologies, Inc.(a)(b)    2,945,052

82,600

   American Express Co.    4,406,710

57,800

   American International Group, Inc.    3,831,562

84,200

   Amgen, Inc.(a)    5,240,608

111,700

   Apple Computer, Inc.(a)    8,589,730

21,000

   AtheroGenics, Inc.(a)(b)    389,550

125,200

   Bank of New York Co., Inc. (The)    3,719,692

129,000

   Bed, Bath & Beyond, Inc.(a)    5,197,410

58,100

   BJ Services Co.(b)    2,791,705

132,700

   Cendant Corp.    3,125,085

339,900

   Charles Schwab Corp. (The)    3,820,476

99,200

   Chico’s FAS, Inc.(a)(b)    5,225,856

192,800

   Cisco Systems, Inc.(a)    3,478,112

29,900

   Cooper Cos., Inc. (The)    2,293,330

78,800

   Costco Wholesale Corp.    3,724,876

116,100

   Dell, Inc.(a)    4,848,336

24,400

   eBay, Inc.(a)    1,988,600

86,800

   Electronic Arts, Inc.(a)(b)    5,584,712

98,700

   Eli Lilly and Co. (The)    5,353,488

142,900

   ENSCO International, Inc.    4,891,467

209,800

   General Electric Co.    7,580,074

129,600

   Gilead Sciences, Inc.(a)    4,289,760

13,400

   Google, Inc., Class A(a)(b)    2,621,442

182,550

   IAC/InterActiveCorp(a)(b)    4,423,186

198,600

   JPMorgan Chase & Co.    7,413,738

29,700

   Keryx Biopharmaceuticals, Inc.(a)    424,710

211,200

   Kroger Co. (The)(a)(b)    3,611,520

37,200

   Lehman Brothers Holdings, Inc.(b)    3,392,268

107,400

   Lowe’s Companies, Inc.(b)    6,120,726

2,300

   MedImmune, Inc.(a)(b)    54,407

96,200

   Mercury Interactive Corp.(a)(b)    4,210,674

220,600

   Microsoft Corp.    5,797,368

131,500

   Monsanto Co.    7,118,095

17,000

   News Corp., Class B    298,860

145,200

   Nextel Communications, Inc., Class A(a)    4,165,788

50,700

   P.F. Chang’s China Bistro, Inc.(a)(b)    2,818,413

70,200

   PETsMART, Inc.    2,122,146

85,100

   Pfizer, Inc.    2,056,016

47,100

   Phelps Dodge Corp.(b)    4,535,730

109,500

   Praxair, Inc.    4,724,925

96,100

   Procter & Gamble Co. (The)    5,115,403

140,000

   QUALCOMM, Inc.    5,213,600

109,600

   Schlumberger Ltd.    7,457,184

83,200

   Sirius Satellite Radio, Inc.(a)(b)    550,784

41,400

   Smith International, Inc.(a)    2,450,880

11,700

   St. Jude Medical, Inc.(a)    459,576

91,000

   Target Corp.(b)    4,620,070

28,400

   United Parcel Service, Inc., Class B    2,120,912

69,400

   UnitedHealth Group, Inc.    6,169,660

108,700

   Univision Communications, Inc., Class A(a)(b)    2,968,597

43,000

   Waters Corp.(a)    2,110,440

 


Dryden World Fund, Inc. Jennison Global Growth Fund

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

 

24,300

   WellPoint, Inc.(a)      2,952,450  

80,400

   Williams-Sonoma, Inc (The).(a)(b)      2,781,840  

35,800

   XM Satellite Radio Holdings, Inc., Class A(a)(b)      1,142,378  

100,200

   Yahoo! Inc.(a)(b)      3,528,042  
         


            211,105,419  
         


    

Total long-term investments
(cost $ 349,689,271)

     415,796,699  
         


SHORT-TERM INVESTMENT 16.2%

        

Mutual Fund

        

68,151,332

  

Dryden Core Investment Fund - Taxable Money Market Series(c)
(cost $ 68,151,332)

     68,151,332  
         


    

Total Investments 115.3%
(cost $ 417,840,603) (d)

     483,948,031  
     Liabilities in excess of other assets ( 15.3%)      (64,120,361 )
         


     Net Assets 100%    $ 419,827,670  
         



ADR – American Depositary Receipt.

 

GDR – Guaranteed Depositary Receipt.

 

(a) Non-income producing security.

 

(b) All or a portion of security is on loan. The aggregate market value of such securities is $64,466,334; cash collateral of $65,798,857 (included in liabilities) was received with which the portfolio purchased highly liquid short-term investments.

 

(c) Represents security, or a portion thereof, purchased with cash collateral received for securities on loan.

 

(d) The United States Federal income tax basis of the Fund’s investments and the net unrealized appreciation as of January 31, 2005 were as follows:

 

Tax Basis


 

Appreciation


 

Depreciation


 

Tot al Net

Unrealized

Appreciation


$417,840,603

  $71,429,004   $5,321,576   $66,107,428

 


The industry classification of portfolio holdings and liabilities in excess of other assets shown as a percentage of net assets as of January 31, 2005 is as follows:

 

Mutual Fund

   16.2 %

Commercial Banks

   6.0  

Pharmaceuticals

   5.4  

Specialty Retail

   5.3  

Oil & Gas

   5.2  

Food & Staples Retailing

   5.1  

Industrial Conglomerates

   4.6  

Capital Markets

   4.6  

Software

   4.2  

Energy Equipment & Services

   4.2  

Real Estate

   3.5  

Computers & Peripherals

   3.2  

Diversified Telecommunication Services

   3.1  

Chemicals

   2.8  

Metals & Mining

   2.6  

Health Care Equipment & Supplies

   2.5  

Trading Companies & Distributors

   2.4  

Communications Equipment

   2.4  

Biotechnology

   2.4  

Insurance

   2.3  

Health Care Providers & Services

   2.2  

Diversified Financial Services

   2.0  

Wireless Telecommunication Services

   2.0  

Electronic Equipment & Instruments

   1.9  

Air Freight & Logistics

   1.7  

Internet & Catalog Retail

   1.5  

Internet Software & Services

   1.5  

Household Products

   1.4  

Electrical Equipment

   1.3  

Media

   1.2  

Transportation Infrastructure

   1.1  

Multiline Retail

   1.1  

Consumer Finance

   1.0  

Multi-Utilities & Unregulated Power

   1.0  

Semiconductors & Semiconductor Equipment

   1.0  

Office Electronics

   1.0  

Building Products

   0.9  

Food Products

   0.8  

Automobiles

   0.8  

Commercial Services & Supplies

   0.7  

Hotels Restaurants & Leisure

   0.7  

Household Durables

   0.2  

Gas Utilities

   0.2  

Machinery

   0.1  
    

     115.3  

Liabilities in excess of other assets

   (15.3 )
    

     100.0 %
    

 


Strategic Partners International Value

 

Schedule of Investments as of January 31, 2005 (Unaudited)

 

Shares


  

Description


   Value

LONG-TERM INVESTMENTS 98.0%       
COMMON STOCKS 97.7%       
Australia 2.2%       

278,200

   BlueScope Steel, Ltd.    $ 1,996,373

578,500

   CSR, Ltd.      1,125,254

678,200

   David Jones, Ltd.      1,151,001

234,100

   Santos, Ltd.      1,683,538

105,100

   Suncorp-Metway, Ltd.      1,518,991

453,900

   Telstra Corp., Ltd.      1,737,644
         

            9,212,801
Austria 0.3%       

8,600

   Boehler-Uddeholm AG      1,114,327
Belgium 0.6%       

112,100

   Dexia      2,504,633
Bermuda 1.2%       

312,500

   Orient Overseas International, Ltd.      1,173,893

97,900

   Willis Group Holdings, Ltd.      3,786,772
         

            4,960,665
Brazil 2.6%       

134,200

   Empresa Brasileira de Aeronautica SA (ADR)      4,274,270

159,800

   Petroleo Brasileiro SA (ADR)      6,495,870
         

            10,770,140
Cayman Islands 1.7%       

81,400

   ACE, Ltd.      3,532,760

29,300

   Netease.com, Inc. (ADR)(a)      1,234,995

65,400

   Shanda Interactive Entertainment, Ltd. (ADR)(a)      2,145,120
         

            6,912,875
Canada 2.7%       

241,800

   Rogers Communications, Inc. (Class B)      6,479,831

264,900

   Shaw Communications, Inc. (Class B)      4,581,708
         

            11,061,539
China 1.6%       

10,126,200

   China Petroleum and Chemical Corp. (Class H)      4,024,567

3,813,300

   Datang International Power Generation Co., Ltd. (Class H)      2,713,344
         

            6,737,911
Denmark 0.5%       

13,500

   Danisco A/S      799,334

43,600

   Danske Bank A/S      1,273,592
         

          $ 2,072,926

 


Strategic Partners International Value

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

Finland 0.7%     

110,000

   Rautaruukki Oyj    1,161,463

116,100

   Sampo Oyj    1,536,123
         
          2,697,586
France 6.4%     

48,600

   BNP Paribas SA    3,506,562

44,900

   Bouygues SA    1,758,808

9,100

   Ciments Francais SA    873,659

27,300

   CNP Assurances    1,950,163

33,700

   Compagnie Generale des Etablissements Michelin (Class B)    2,180,227

6,000

   Natexis Banques Populaires    802,465

31,700

   PSA Peugeot Citroen    1,972,324

20,100

   Renault SA    1,642,825

83,400

   Sanofi-Aventis    6,223,994

13,100

   Societe Generale    1,304,645

116,100

   Suez SA    3,123,702

3,600

   Total SA Series B    771,962
         
          26,111,336
Germany 8.1%     

34,500

   Adidas-Salomon AG    5,165,088

48,200

   BASF AG    3,291,721

45,200

   Bayerische Motoren Werke (BMW) AG    1,895,471

38,000

   Deutsche Bank AG    3,232,152

77,700

   Deutsche Boerse AG    4,831,334

99,900

   Fraport AG    3,853,347

38,900

   MAN AG    1,609,475

18,100

   Puma AG    4,461,437

16,100

   Rheinmetall AG    832,141

57,200

   Salzgitter AG    1,222,088

10,800

   Schering AG    730,666

104,100

   ThyssenKrupp AG    2,224,115
         
          33,349,035
Greece 0.2%     

25,700

   National Bank of Greece SA    867,682
Hong Kong 1.2%     

2,282,000

   Chaoda Modern Agriculture Holdings, Ltd.    921,589

1,111,600

   China Merchants Holdings International Co., Ltd.    2,187,600

1,477,800

   CNOOC, Ltd.    781,539

400,300

   Shanghai Industrial Holdings, Ltd.    880,158
         
          4,770,886

 


Strategic Partners International Value

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

Ireland 1.6%       

112,600

   Allied Irish Banks PLC    $ 2,238,390

281,700

   Bank Of Ireland      4,479,962
         

            6,718,352
Italy 2.8%       

65,300

   Benetton Group SpA      852,069

234,600

   Enel SpA      2,204,910

147,300

   Eni SpA      3,579,121

165,500

   Indesit Co. SpA      2,802,430

90,100

   Riunione Adriatica di Sicurta SpA      2,036,580
         

            11,475,110
Japan 16.8%       

60,700

   Alpine Electronics, Inc.      807,338

87,000

   Alps Electric Co., Ltd.      1,192,460

69,600

   Asahi Breweries, Ltd.      869,874

854,300

   Bank of Fukuoka, Ltd. (The)      5,458,337

115,300

   Canon, Inc.      6,018,269

60,000

   CMK Corp.      838,046

313,000

   Cosmo Oil Co., Ltd.      983,278

313,000

   Denki Kagaku Kogyo Kabushiki Kaisha      1,052,864

138,400

   FamilyMart Co., Ltd.      4,454,806

144,000

   Hitachi Koki Co., Ltd.      1,266,638

373,000

   Hitachi, Ltd.      2,480,537

75,600

   Hokkaido Electric Power Co., Inc.      1,498,043

169,000

   Hokuetsu Paper Mills, Ltd.      955,633

41,600

   Honda Motor Co., Ltd.      2,183,442

76,100

   Hosiden Corp.      799,581

163,000

   Japan Securities Finance Co., Ltd.      1,068,233

45,200

   JS Group Corp.      824,003

196,000

   Kaken Pharmaceutical Co., Ltd.      1,261,766

491,000

   Marubeni Corp.      1,433,300

545,000

   Mitsubishi Chemical Corp.      1,733,169

480

   Mitsubishi Tokyo Financial Group, Inc.      4,532,985

700

   Nippon Telegraph and Telephone Corp.      2,956,841

52,000

   Nipro Corp.      864,028

257,900

   Nissan Motor Co., Ltd.      2,729,694

337,000

   NSK, Ltd.      1,749,253

189,000

   Okasan Holdings, Inc.      1,121,705

448,000

   Osaka Gas Co., Ltd.      1,355,411

204,000

   Rengo Co., Ltd.      978,048

473,000

   Sumitomo Osaka Cement Co., Ltd.      1,175,013

157,000

   Sumitomo Trust & Banking Co., Ltd. (The)      1,066,850

342,000

   Taiheiyo Cement Corp.      899,174

26,830

   Takefuji Corp.      1,882,807

163,000

   Tanabe Seiyaku Co., Ltd.      1,725,243

199,000

   Toyota Motor Corp.      7,751,873

76,000

   Uny Co., Ltd.      892,562
         

            68,861,104

 


Strategic Partners International Value

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

Liechtenstein 0.3%

      
7,700    Verwaltungs-und Privat-Bank AG    $ 1,253,639
         

Mexico 2.1%

      

83,400

   America Movil SA de CV Series L (ADR)      4,425,204

1,255,700

   Wal-Mart de Mexico SA de CV Series V      4,326,719
         

            8,751,923

Netherlands 3.5%

      

63,300

   ABN AMRO Holding NV      1,713,005

153,000

   Euronext NV      4,874,390

129,200

   ING Groep NV      3,718,683

56,800

   Koninklijke (Royal) KPN NV      545,687

59,700

   Royal Dutch Petroleum Co.      3,466,967
         

            14,318,732

Norway 1.3%

      

22,000

   Norsk Hydro ASA      1,674,261

344,900

   Tandberg ASA      3,745,815
         

            5,420,076

Portugal 0.8%

      

404,700

   EDP - Energias de Portugal SA      1,192,256

164,700

   Portugal Telecom, SGPS SA      2,039,599
         

            3,231,855

Singapore 0.4%

      

750,300

   MobileOne, Ltd.      834,380

540,000

   Singapore Telecommunications, Ltd.      841,378
         

            1,675,758

South Korea 3.5%

      

55,400

   Hyundai Motor Co.      3,144,105

90,300

   Kookmin Bank      3,874,403

4,600

   Samsung Electronics Co., Ltd.      2,220,380

123,100

   Shinhan Financial Group Co., Ltd.      3,091,004

11,600

   SK Telecom Co., Ltd.      2,024,769
         

            14,354,661

Spain 2.2%

      

97,800

   Banco Santander Central Hispano SA      1,161,408

20,700

   Compania Espanola de Petroleos SA      809,504

131,600

   Endesa SA      2,996,929

101,100

   Repsol YPF SA      2,583,062

54,600

   Union Fenosa SA      1,471,875
         

            9,022,778

 


Strategic Partners International Value

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

Sweden 1.3%

    

65,800

   Billerud    1,054,812

298,500

   Nordea Bank AB    2,766,401

127,500

   Skanska AB (Class B)    1,478,176
         
          5,299,389
Switzerland 6.8%     

23,300

   Ciba Specialty Chemicals AG(a)    1,684,030

3,100

   Georg Fischer AG(a)    819,668

7,300

   Givaudan SA    4,606,647

103,200

   Novartis AG    4,949,432

4,000

   Rieter Holdings AG    1,211,611

3,200

   Sulzer AG    1,273,538

5,500

   Swisscom AG    2,080,143

127,300

   UBS AG    10,330,741

4,900

   Zurich Financial Services AG(a)    815,086
         
          27,770,896
United Kingdom 24.3%     

151,500

   Amdocs, Ltd.(a)    4,507,125

123,300

   Arriva PLC    1,279,058

248,400

   Aviva PLC    2,975,019

319,100

   BAE Systems PLC    1,477,552

803,100

   Barclays PLC    8,815,704

451,900

   Big Food Group PLC    807,581

163,700

   Boots Group PLC    2,057,848

76,600

   BP PLC (ADR)    4,566,892

258,300

   Bradford & Bingley PLC    1,611,345

146,700

   Britannic Group PLC    1,377,919

213,700

   British Vita PLC    1,112,443

862,700

   BT Group PLC    3,384,445

619,200

   Burberry Group PLC    4,671,489

520,100

   Cadbury Schweppes PLC    4,664,464

494,500

   Dixons Group PLC    1,478,291

181,200

   FirstGroup PLC    1,258,535

210,900

   GlaxoSmithKline PLC    4,673,893

197,000

   HBOS PLC    3,145,267

145,900

   Kelda Group PLC    1,657,970

821,500

   Kingfisher PLC    4,725,761

962,400

   Lloyds TSB Group PLC    9,007,837

265,400

   Mitchells & Butlers PLC    1,628,106

359,100

   Northern Foods PLC    1,068,437

366,200

   Northumbrian Water Group PLC    1,274,322

763,400

   Old Mutual PLC    1,817,808

570,500

   Pilkington PLC    1,280,463

285,100

   Scottish Power PLC    2,266,518

92,000

   Severn Trent PLC    1,599,864

421,700

   Shanks Group PLC    1,127,434

531,200

   Shell Transport & Trading Co. PLC    4,643,786

131,000

   Tate & Lyle PLC    1,087,147

935,700

   Tesco PLC    5,440,065

266,000

   TT electronics PLC    974,556
         

 


Strategic Partners International Value

 

Schedule of Investments as of January 31, 2005 (Unaudited) Cont’d.

 

Shares


  

Description


   Value

86,900

   Viridian Group PLC    $ 1,245,655

202,700

   Vodafone Group PLC (ADR)      5,266,146
         

            99,976,745
         

     Total common stocks (cost $369,327,142)      401,275,360
         

Preferred Stock 0.3%

      

Germany

      

10,800

  

Fresenius AG
(cost $973,329)

     1,095,999
         

    

Total long-term investments
(cost $370,300,471)

     402,371,359
         

SHORT-TERM INVESTMENT 1.8%

      

Mutual Fund

      

7,517,427

  

Dryden Core Investment Fund-Taxable Money Market Series
(cost $7,517,427)

     7,517,427
         

    

Total Investments 99.8%
(cost $ 377,817,898)(b)

     409,888,786
    

Other assets in excess of liabilities 0.2%

     975,015
         

    

Net Assets 100%

   $ 410,863,801
         


ADR – American Depositary Receipt.

 

(a) Non-income producing security.

 

(b) The United States federal income tax basis of the Fund’s investments and the net unrealized appreciation as of January 31, 2005 were as follows:

 

Tax Basis


 

Appreciation


 

Depreciation


 

Total Net

Unrealized

Appreciation


$385,048,695   $29,679,555   $4,839,464   $24,840,091

 


The industry classification of portfolio holdings and other assets in excess of liabilities shown as a percentage of net assets as of January 31, 2005 was as follows:

 

Commercial Banks

   18.6  %

Oil & Gas

   9.1  

Automobiles

   5.9  

Insurance

   5.4  

Diversified Telecommunications

   5.3  

Retail

   5.0  

Pharmaceuticals

   5.0  

Diversified Financials

   4.5  

Electric Utilities

   3.8  

Textiles & Apparel

   3.7  

Food Products

   3.4  

Chemicals

   3.3  

Wireless Telecommunication Services

   3.1  

Media

   2.7  

Electronic Equipment

   2.6  

Construction Materials

   2.3  

Steel & Metals

   1.9  

Utilities

   1.9  

Transportation

   1.8  

Office Electronics

   1.5  

Aerospace & Defense

   1.4  

Machinery

   1.3  

Diversified Manufacturing

   1.1  

Internet Software & Services

   0.8  

Paper & Forest Products

   0.7  

Household Durables

   0.7  

Distribution/Wholesale

   0.4  

Health Care

   0.3  

Commercial Services & Supplies

   0.3  

Beverages

   0.2  

Mutual Fund

   1.8  
    

     99.8  

Other assets in excess of liabilities

   0.2  
    

     100.0  %
    

 


Notes to Schedule of Investments (Unaudited)

 

Securities Valuation: Securities listed on a securities exchange (other than options on securities and indices) are valued at the last sale price on such exchange on the day of valuation or, if there was no sale on such day, at the mean between the last reported bid and asked prices, or at the last bid price on such day in the absence of an asked price. Securities traded via Nasdaq are valued at the Nasdaq official closing price (“NOCP”) on the day of valuation, or if there was no NOCP, at the last sale price. Securities that are actively traded in the over-the-counter market, including listed securities for which the primary market is believed by Prudential Investments LLC (“PI” or “Manager”), in consultation with the subadvisers; to be over-the-counter, are valued at market value using prices provided by an independent pricing agent or principal market maker.

 

Securities for which market quotations are not readily available, or whose values have been affected by events occurring after the close of the security’s foreign market and before the fund’s normal pricing time, are valued at fair value in accordance with the Board of Directors’ approved fair valuation procedures. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

 

Futures contracts and options thereon traded on a commodities exchange or board of trade are valued at the last sale price at the close of trading on such exchange or board of trade or, if there was no sale on the applicable commodities exchange or board of trade on such day, at the mean between the most recently quoted bid and asked prices on such exchange or board of trade or at the last bid price in the absence of an asked price.

 

Market value of investments traded in a foreign currency are translated into U.S. dollars at the current rates of exchange.

 

Forward currency contracts are valued daily at current exchange rates.

 

Investments in mutual funds are valued at the net asset value as of the close of the New York Stock Exchange on the date of valuation.

 

Short-term securities which mature in sixty days or less, are valued at amortized cost, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. Short-term securities which mature in more than sixty dates are valued at current market quotations.


Other information regarding the Fund is available in the Fund’s most recent Report to Stockholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 


Item 2. Controls and Procedures

 

  (a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Item 3. Exhibits

 

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)   Prudential World Fund, Inc.

 

By (Signature and Title)*     /s/Jonathan D. Shain

Jonathan D. Shain

Secretary of the Fund

 

Date     March 23, 2005

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)*     /s/Judy A. Rice

Judy A. Rice

President and Principal Executive Officer

 

Date     March 23, 2005

 

By (Signature and Title)*     /s/Grace C. Torres

Grace C. Torres

Treasurer and Principal Financial Officer

 

Date     March 23, 2005

 

 

* Print the name and title of each signing officer under his or her signature.