-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UV4XXaINwYnpRWP5TNVSVYF/eHOUniburcTmaD0wrQA25KXi9rVYcW6gwi304Zy/ g0farcVscc/2xCJBTfzc3A== 0000355348-03-000245.txt : 20031029 0000355348-03-000245.hdr.sgml : 20031029 20031029163514 ACCESSION NUMBER: 0000355348-03-000245 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20030831 FILED AS OF DATE: 20031029 EFFECTIVENESS DATE: 20031029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRYDEN CALIFORNIA MUNICIPAL FUND CENTRAL INDEX KEY: 0000746518 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-04024 FILM NUMBER: 03964131 BUSINESS ADDRESS: STREET 1: 199 WATER ST CITY: NEW YORK STATE: NY ZIP: 10292 BUSINESS PHONE: 2122141250 MAIL ADDRESS: STREET 2: ONE SEAPORT PLZ CITY: NEW YORK STATE: NY ZIP: 10292 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL CALIFORNIA MUNICIPAL FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL BACHE CALIFORNIA MUNICIPAL FUND DATE OF NAME CHANGE: 19910527 NSAR-B 1 answer.fil ANSWER FILE FOR CALI SERIES PAGE 1 000 B000000 08/31/2003 000 C000000 0000746518 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 DRYDEN CALIFORNIA MUNICIPAL FUND 001 B000000 811-4024 001 C000000 9733677503 002 A000000 GC3 100 MULBERRY STREET, 4TH FLOOR 002 B000000 NEWARK 002 C000000 NJ 002 D010000 07102 002 D020000 4077 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 3 007 C010100 1 007 C020100 CALIFORNIA SERIES 007 C030100 N 007 C010200 2 007 C020200 CALIFORNIA MONEY MARKET SERIES 007 C030200 N 007 C010300 3 007 C020300 CALIFORNIA INCOME SERIES 007 C030300 N 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 008 A00AA01 PRUDENTIAL INVESTMENTS LLC 008 B00AA01 A PAGE 2 008 C00AA01 801-31104 008 D01AA01 NEWARK 008 D02AA01 NJ 008 D03AA01 07102 008 D04AA01 4077 008 A00AA02 PRUDENTIAL INVESTMENT MANAGEMENT, INC. 008 B00AA02 S 008 C00AA02 801-22808 008 D01AA02 NEWARK 008 D02AA02 NJ 008 D03AA02 07102 008 D04AA02 4077 010 A00AA01 DELETE 011 A00AA01 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC 011 B00AA01 8-36540 011 C01AA01 NEWARK 011 C02AA01 NJ 011 C03AA01 07102 011 C04AA01 4077 012 A00AA01 PRUDENTIAL MUTUAL FUND SERVICES LLC 012 B00AA01 84-5681 012 C01AA01 PHILADELPHIA 012 C02AA01 PA 012 C03AA01 19101 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 NEW YORK 013 B02AA01 NY 013 B03AA01 10036 014 A00AA01 WACHOVIA SECURITIES LLC 014 B00AA01 8-037180 014 A00AA02 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC 014 B00AA02 8-36540 014 A00AA03 PRUCO SECURITIES CORPORATION 014 B00AA03 8-16402 014 A00AA04 WEXFORD CLEARING SERVICES CORP. 014 B00AA04 8-48636 014 A00AA05 HOCHMAN & BAKER SECURITIES, INC. 014 B00AA05 8-37970 015 A00AA01 STATE STREET BANK & TRUST COMPANY 015 B00AA01 C 015 C01AA01 NORTH QUINCY 015 C02AA01 MA 015 C03AA01 02171 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 189 019 C00AA00 PRUDENTIAL 020 A000001 JPMORGAN 020 B000001 13-3224016 020 C000001 73 PAGE 3 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 73 022 A000001 BEAR, STEARNS & CO. 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I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 0.0 062 M000300 0.0 062 N000300 0.0 062 O000300 96.2 062 P000300 0.0 062 Q000300 0.0 062 R000300 0.0 063 A000300 0 063 B000300 9.4 PAGE 16 064 A000300 Y 064 B000300 Y 065 000300 N 070 A010300 Y 070 A020300 N 070 B010300 N 070 B020300 N 070 C010300 N 070 C020300 N 070 D010300 N 070 D020300 N 070 E010300 Y 070 E020300 Y 070 F010300 N 070 F020300 N 070 G010300 Y 070 G020300 Y 070 H010300 N 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 Y 070 K010300 Y 070 K020300 N 070 L010300 N 070 L020300 N 070 M010300 N 070 M020300 N 070 N010300 N 070 N020300 N 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 Y 070 Q010300 N 070 Q020300 N 070 R010300 N 070 R020300 N 071 A000300 141720 071 B000300 164023 071 C000300 240529 071 D000300 59 072 A000300 12 072 B000300 13175 072 C000300 0 072 D000300 0 072 E000300 0 072 F000300 1262 072 G000300 0 072 H000300 0 PAGE 17 072 I000300 57 072 J000300 122 072 K000300 0 072 L000300 66 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AUDITOR'S LETTER Report of Independent Auditors To the Shareholders and Trustees of Dryden California Municipal Fund In planning and performing our audit of the financial statements of Dryden California Municipal Fund, formerly Prudential Municipal Series Fund (the ?Fund?, consisting of California Series, California Income Series and California Money Market Series), for the year ended August 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity?s objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2003. This report is intended solely for the information and use of the Trustees, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers LLP October 22, 2003 To the Shareholders and Board of Directors of Prudential Europe Growth Fund, Inc. (2) EX-99.77C VOTES 4 votememo.txt VOTE OF SECURITY HOLDERS For the fiscal year ended (a) August 31, 2003 File number: 811-4024 SUB-ITEM 77C Submission of Matters to a Vote of Security Holders California Series A Special Meeting of Shareholders was held on July 17, 2003, and adjourned to August 21, 2003 and further adjourned to September 12, 2003, October 10, 2003 and November 5, 2003. At such meetings the shareholders approved the following proposals: 1)* Vote on Trustees/Directors: Affirmative Authority votes cast Withheld David E. A. Carson 8,859,865 165,023 Robert F. Gunia 8,870,939 153,949 Robert E. La Blanc 8,874,919 149,969 Douglas H. McCorkindale 8,874,542 150,346 Stephen P. Munn 8,876,575 148,313 Richard A. Redeker 8,863,833 161,055 Judy A. Rice 8,877,995 146,893 Robin B. Smith 8,861,609 163,279 Stephen Stoneburn 8,864,963 159,925 Clay T. Whitehead 8,865,170 159,718 2)** To Permit the Manager to Enter into, or make material changes to, Subadvisory Agreements without shareholder approval. For Against Abstain 4,660,639 860,088 405,897 3)* To Permit an amendment to the Management Contract Between PI and the Company on behalf of each Fund). For Against Abstain 8,245,874 451,408 327,606 4a)** To approve changes to fundamental investment restrictions or policies, relating to: fund diversification. For Against Abstain 5,094,444 411,423 420,757 4b)** To approve changes to fundamental investment restrictions or policies, relating to: issuing senior securities, borrowing money or pledging assets. For Against Abstain 4,934,747 555,620 463,257 4c)** To approve changes to fundamental investment restrictions or policies, relating to: buying and selling real estate. For Against Abstain 4,923,424 575,075 428,125 4d)** To approve changes to fundamental investment restrictions or policies, relating to: buying and selling commodities and commodity contracts. For Against Abstain 4,819,411 664,829 442,384 4f)** To approve changes to fundamental investment restrictions or policies, relating to: making loans. For Against Abstain 4,902,202 563,114 461,308 4g)** To approve changes to fundamental investment restrictions or policies, relating to: other investment restrictions, including investing in securities of other investment companies. For Against Abstain 4,834,566 600,864 491,194 5)*** To approve amendments to the Company?s Declaration of Trust. For Against Abstain * Approved at the July 17, 2003 meeting. ** Approved at the August 21, 2003 meeting. *** Adjourned until November 5, 2003. For the fiscal year ended (a) August 31, 2003 File number: 811-4024 SUB-ITEM 77C Submission of Matters to a Vote of Security Holders California Income Series A Special Meeting of Shareholders was held on July 17, 2003, and adjourned to August 21, 2003 and further adjourned to September 12, 2003, October 10, 2003 and November 5, 2003. At such meetings the shareholders approved the following proposals: 1)* Vote on Trustees/Directors: Affirmative Authority votes cast Withheld David E. A. Carson 20,515,623 231,064 Robert F. Gunia 20,518,081 228,606 Robert E. La Blanc 20,483,988 262,699 Douglas H. McCorkindale 20,487,615 259,072 Stephen P. Munn 20,520,737 225,950 Richard A. Redeker 20,520,737 225,950 Judy A. Rice 20,518,081 228,606 Robin B. Smith 20,519,372 227,315 Stephen Stoneburn 20,520,737 225,950 Clay T. Whitehead 20,520,737 225,950 2)** To Permit the Manager to Enter into, or make material changes to, Subadvisory Agreements without shareholder approval. For Against Abstain 9,085,591 1,330,115 474,426 3)* To Permit an amendment to the Management Contract Between PI and the Company on behalf of each Fund). For Against Abstain 19,612,250 653,953 480,484 4a)** To approve changes to fundamental investment restrictions or policies, relating to: fund diversification. For Against Abstain 9,598,160 814,723 477,249 4b)** To approve changes to fundamental investment restrictions or policies, relating to: issuing senior securities, borrowing money or pledging assets. For Against Abstain 9,249,641 1,112,257 528,234 4c)** To approve changes to fundamental investment restrictions or policies, relating to: buying and selling real estate. For Against Abstain 9,431,014 941,248 517,870 4d)** To approve changes to fundamental investment restrictions or policies, relating to: buying and selling commodities and commodity contracts. For Against Abstain 9,328,406 1,044,099 517,627 4f)** To approve changes to fundamental investment restrictions or policies, relating to: making loans. For Against Abstain 9,278,201 1,071,406 540,525 4g)** To approve changes to fundamental investment restrictions or policies, relating to: other investment restrictions, including investing in securities of other investment companies. For Against Abstain 9,329,222 1,042,278 518,632 5)*** To approve amendments to the Company?s Declaration of Trust. For Against Abstain * Approved at the July 17, 2003 meeting. ** Approved at the August 21, 2003 meeting. *** Adjourned until November 5, 2003. For the fiscal year ended (a) August 31, 2003 File number: 811-4024 SUB-ITEM 77C Submission of Matters to a Vote of Security Holders California Money Market Series A Special Meeting of Shareholders was held on July 17, 2003, and adjourned to August 21, 2003 and further adjourned to September 12, 2003, October 10, 2003 and November 5, 2003. At such meetings the shareholders approved the following proposals: 1)* Vote on Trustees/Directors: Affirmative Authority votes cast Withheld David E. A. Carson 189,297,400 5,240,363 Robert F. Gunia 189,423,709 5,114,054 Robert E. La Blanc 189,291,074 5,246,689 Douglas H. McCorkindale 189,297,400 5,240,363 Stephen P. Munn 189,378,628 5,159,135 Richard A. Redeker 189,423,709 5,114,054 Judy A. Rice 189,359,509 5,178,254 Robin B. Smith 189,359,509 5,178,254 Stephen Stoneburn 189,359,509 5,178,254 Clay T. Whitehead 189,359,509 5,178,254 2)** To Permit the Manager to Enter into, or make material changes to, Subadvisory Agreements without shareholder approval. For Against Abstain 3)* To Permit an amendment to the Management Contract Between PI and the Company on behalf of each Fund). For Against Abstain 185,205,581 7,580,178 1,752,004 4a)** To approve changes to fundamental investment restrictions or policies, relating to: fund diversification. For Against Abstain 4b)** To approve changes to fundamental investment restrictions or policies, relating to: issuing senior securities, borrowing money or pledging assets. For Against Abstain 4c)** To approve changes to fundamental investment restrictions or policies, relating to: buying and selling real estate. For Against Abstain 4d)** To approve changes to fundamental investment restrictions or policies, relating to: buying and selling commodities and commodity contracts. For Against Abstain 4f)** To approve changes to fundamental investment restrictions or policies, relating to: making loans. For Against Abstain 4g)** To approve changes to fundamental investment restrictions or policies, relating to: other investment restrictions, including investing in securities of other investment companies. For Against Abstain 5)** To approve amendments to the Company?s Declaration of Trust. For Against Abstain * Approved at the July 17, 2003 meeting. ** Adjourned until November 5, 2003. EX-99.77K CHNG ACCNT 5 chgaudit.txt CHANGE IN CERTIFYING ACCOUNTANT October 27, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Commissioners: We have read the statements made by Dryden California Municipal Fund (copy attached), which we understand will be filed with the Commission, pursuant to Item 77K of Form N-SAR dated October 28, 2003. We agree with the statements concerning our Firm in such Item 77K. Yours very truly, PricewaterhouseCoopers LLP EX-99.77K CHNG ACCNT 6 chgaudi.txt CHANGE IN CERTIFYING ACCOUNTANT ITEM 77K ? Changes in registrant?s certifying accountant The following information responds to Item 304 (a)(1) of Regulation S-K (i) On September 2, 2003, the Board of Trustees of the Dryden California Municipal Fund (the ?Fund?) voted not to re-appoint PricewaterhouseCoopers LLP, as independent auditors for the year ending August 31, 2004. (ii) PricewaterhouseCoopers LLP?s report on the financial statements for the past two fiscal years did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles. (iii) During the Fund?s two most recent fiscal years ended August 31, 2003, there have been no disagreements with PricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which would have caused PricewaterhouseCoopers LLP to make a reference to the subject matter of the disagreement(s) in connection with its reports. (iv) Pursuant to Item 304(a)(3) of Regulation S-K, the Fund requested PricewaterhouseCoopers LLP to furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not PricewaterhouseCoopers LLP agrees with the above statements. PricewaterhouseCoopers LLP has provided the letter that is attached as Exhibit 77Q1(b). (v) On September 2, 2003, the Fund engaged KPMG LLP as its new independent auditors. During the Fund?s two most recent fiscal years ended August 31, 2003 and the subsequent interim period through the date of their appointment, the Fund did not consult with KPMG LLP with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Fund?s financial statements, or any other matters or reportable events as set forth in Items 304(a)(1)(iv) and (v) of Regulation S-K. EX-99.77O RULE 10F-3 7 tenf.txt RULE 10F-3 TRANSACTIONS Prudential California Municipal Fund For the fiscal year ended 8/31/03 File No. 811-4024 SUB-ITEM 77-0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 California Series 1. Name of Issuer: State of California Department of Water Resources 2. Date of Purchase 11/05/02 3. Number of Securities Purchased 9,150 4. Dollar Amount of Purchase $971,784.90 5. Price Per Unit $106.206 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased JP Morgan 7. Other Members of the Underwriting Syndicate UBS PaineWebber Incorporated Inc. Prudential Securities Incorporated Salomon Smith Barney Bear, Stearns & Co. Inc. JP Morgan Merrill Lynch & Co. Quick and Reilly, Inc. RBC Dain Rauscher Inc. Lehman Brothers Morgan Stanley & Co. Inc. Ramirez & Co., Inc. Goldman, Sachs & Co. CIBC World Markets First Albany Corporation Banc of America Securities LLC Fidelity Capital Markets Loop Capital Markets Pacific American Securities, LLC Stone & Youngberg LLC E.J. De La Rosa & Co., Inc. BNY Capital Markets, Inc. Prager, McCarthy & Sealy, LLC Redwood Securities Group, Inc. Sutter Securities Inc. Wells Fargo Institutional Securities, LLC The Chapman Company Great Pacific Securities, Inc. Mischler Financial Group, Inc. E*BondTrade, LLC Jackson Securities M.R. Beal & Company Siebert Brandford Shank & Co. LLC U.S. Bancorp Piper Jaffray Prudential California Municipal Fund For the six month period ended 2/28/03 File No. 811-4024 SUB-ITEM 77-0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 California Income Series 1. Name of Issuer: State of California Department of Water Resources 2. Date of Purchase 11/05/02 3. Number of Securities Purchased 16,800 4. Dollar Amount of Purchase $1,784,260.80 5. Price Per Unit $106.206 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased JP Morgan 7. Other Members of the Underwriting Syndicate UBS PaineWebber Incorporated Inc. Prudential Securities Incorporated Salomon Smith Barney Bear, Stearns & Co. Inc. JP Morgan Merrill Lynch & Co. Quick and Reilly, Inc. RBC Dain Rauscher Inc. Lehman Brothers Morgan Stanley & Co. Inc. Ramirez & Co., Inc. Goldman, Sachs & Co. CIBC World Markets First Albany Corporation Banc of America Securities LLC Fidelity Capital Markets Loop Capital Markets Pacific American Securities, LLC Stone & Youngberg LLC E.J. De La Rosa & Co., Inc. BNY Capital Markets, Inc. Prager, McCarthy & Sealy, LLC Redwood Securities Group, Inc. Sutter Securities Inc. Wells Fargo Institutional Securities, LLC The Chapman Company Great Pacific Securities, Inc. Mischler Financial Group, Inc. E*BondTrade, LLC Jackson Securities M.R. Beal & Company Siebert Brandford Shank & Co. LLC U.S. Bancorp Piper Jaffray Prudential California Municipal Fund For the six month period ended 2/28/03 File No. 811-4024 SUB-ITEM 77-0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 California Series 1. Name of Issuer: State of California Department of Water Resources 2. Date of Purchase 11/05/02 3. Number of Securities Purchased 15,000 4. Dollar Amount of Purchase $1,654,890 5. Price Per Unit $110.326 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased JP Morgan 7. Other Members of the Underwriting Syndicate UBS PaineWebber Incorporated Inc. Prudential Securities Incorporated Salomon Smith Barney Bear, Stearns & Co. Inc. JP Morgan Merrill Lynch & Co. Quick and Reilly, Inc. RBC Dain Rauscher Inc. Lehman Brothers Morgan Stanley & Co. Inc. Ramirez & Co., Inc. Goldman, Sachs & Co. CIBC World Markets First Albany Corporation Banc of America Securities LLC Fidelity Capital Markets Loop Capital Markets Pacific American Securities, LLC Stone & Youngberg LLC E.J. De La Rosa & Co., Inc. BNY Capital Markets, Inc. Prager, McCarthy & Sealy, LLC Redwood Securities Group, Inc. Sutter Securities Inc. Wells Fargo Institutional Securities, LLC The Chapman Company Great Pacific Securities, Inc. Mischler Financial Group, Inc. E*BondTrade, LLC Jackson Securities M.R. Beal & Company Siebert Brandford Shank & Co. LLC U.S. Bancorp Piper Jaffray Prudential California Municipal Fund For the six month period ended 2/28/03 File No. 811-4024 SUB-ITEM 77-0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 California Income Series 1. Name of Issuer: State of California Department of Water Resources 2. Date of Purchase 11/05/02 3. Number of Securities Purchased 30,000 4. Dollar Amount of Purchase $3,309,780 5. Price Per Unit $110.326 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased JP Morgan 7. Other Members of the Underwriting Syndicate UBS PaineWebber Incorporated Inc. Prudential Securities Incorporated Salomon Smith Barney Bear, Stearns & Co. Inc. JP Morgan Merrill Lynch & Co. Quick and Reilly, Inc. RBC Dain Rauscher Inc. Lehman Brothers Morgan Stanley & Co. Inc. Ramirez & Co., Inc. Goldman, Sachs & Co. CIBC World Markets First Albany Corporation Banc of America Securities LLC Fidelity Capital Markets Loop Capital Markets Pacific American Securities, LLC Stone & Youngberg LLC E.J. De La Rosa & Co., Inc. BNY Capital Markets, Inc. Prager, McCarthy & Sealy, LLC Redwood Securities Group, Inc. Sutter Securities Inc. Wells Fargo Institutional Securities, LLC The Chapman Company Great Pacific Securities, Inc. Mischler Financial Group, Inc. E*BondTrade, LLC Jackson Securities M.R. Beal & Company Siebert Brandford Shank & Co. LLC U.S. Bancorp Piper Jaffray Prudential California Municipal Fund For the six month period ended 2/28/03 File No. 811-4024 SUB-ITEM 77-0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 California Series 1. Name of Issuer: State of California Department of Water Resources 2. Date of Purchase 11/05/02 3. Number of Securities Purchased 15,000 4. Dollar Amount of Purchase $1,582,005 5. Price Per Unit $105.467 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased JP Morgan 7. Other Members of the Underwriting Syndicate UBS PaineWebber Incorporated Inc. Prudential Securities Incorporated Salomon Smith Barney Bear, Stearns & Co. Inc. JP Morgan Merrill Lynch & Co. Quick and Reilly, Inc. RBC Dain Rauscher Inc. Lehman Brothers Morgan Stanley & Co. Inc. Ramirez & Co., Inc. Goldman, Sachs & Co. CIBC World Markets First Albany Corporation Banc of America Securities LLC Fidelity Capital Markets Loop Capital Markets Pacific American Securities, LLC Stone & Youngberg LLC E.J. De La Rosa & Co., Inc. BNY Capital Markets, Inc. Prager, McCarthy & Sealy, LLC Redwood Securities Group, Inc. Sutter Securities Inc. Wells Fargo Institutional Securities, LLC The Chapman Company Great Pacific Securities, Inc. Mischler Financial Group, Inc. E*BondTrade, LLC Jackson Securities M.R. Beal & Company Siebert Brandford Shank & Co. LLC U.S. Bancorp Piper Jaffray Prudential California Municipal Fund For the six month period ended 2/28/03 File No. 811-4024 SUB-ITEM 77-0 EXHIBITS Transactions Effected Pursuant to Rule 10f-3 California Income Series 1. Name of Issuer: State of California Department of Water Resources 2. Date of Purchase 11/05/02 3. Number of Securities Purchased 25,000 4. Dollar Amount of Purchase $2,636,675 5. Price Per Unit $105.467 6. Name(s) of Underwriter(s) or Dealer(s) From whom Purchased JP Morgan 7. Other Members of the Underwriting Syndicate UBS PaineWebber Incorporated Inc. Prudential Securities Incorporated Salomon Smith Barney Bear, Stearns & Co. Inc. JP Morgan Merrill Lynch & Co. Quick and Reilly, Inc. RBC Dain Rauscher Inc. Lehman Brothers Morgan Stanley & Co. Inc. Ramirez & Co., Inc. Goldman, Sachs & Co. CIBC World Markets First Albany Corporation Banc of America Securities LLC Fidelity Capital Markets Loop Capital Markets Pacific American Securities, LLC Stone & Youngberg LLC E.J. De La Rosa & Co., Inc. BNY Capital Markets, Inc. Prager, McCarthy & Sealy, LLC Redwood Securities Group, Inc. Sutter Securities Inc. Wells Fargo Institutional Securities, LLC The Chapman Company Great Pacific Securities, Inc. Mischler Financial Group, Inc. E*BondTrade, LLC Jackson Securities M.R. Beal & Company Siebert Brandford Shank & Co. LLC U.S. Bancorp Piper Jaffray EX-99 8 cover.txt COVER MEMO DRYDEN CALIFORNIA MUNICIPAL FUND (formerly known as Prudential California Municipal Fund) Three Gateway Center 100 Mulberry Street Newark, New Jersey 07102 October 24, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Dryden California Municipal Fund (the ?Fund?) (formerly known as Prudential California Municipal Fund) File No.: 811-4024 Ladies and Gentlemen: Please find enclosed the following items: (1) the Annual Report on Form N-SAR for the Fund for the fiscal year ended August 31, 2003 and (2) such other information required to be included as an exhibit. The Form N-SAR was filed using the EDGAR. Very truly yours, /s/Deborah A. Docs Deborah A. Docs Secretary Enclosures This report is signed on behalf of the Registrant in the City of Newark and State of New Jersey on the 24th day of October, 2003. DRYDEN CALIFORNIA MUNICIPAL FUND (formerly known as Prudential California Municipal Fund) Witness:/s/Deborah A. Docs By:Grace C. Torres Deborah A. Docs Grace C. Torres Secretary Treasurer and Principal Financial and Accounting Officer T:\CLUSTER 3\N-SAR\CMF\CMF-10-03.LTR.doc EX-99 9 navscis.txt NAVS AND PER SHARE INFO - CIS This page being FINANCIAL INFORMATION (Cont. from Screen 33) filed for series 1. EXPENSES (Negative answers are allowed For the period covered by this form on this screen for 72Z only) ($000's omitted) 72.Y) Expense reimbursements ----------------------------- $ 0 Z) Net investment income ------------------------------ $ 0 AA) Realized capital gains ----------------------------- $ 0 BB) Realized capital losses ---------------------------- $ 0 CC) 1. Net unrealized appreciation during the period --- $ 0 2. Net unrealized depreciation during the period --- $ 0 DD) 1. Total income dividends for which record date passed during the period ------------------------ $ 0 2. Dividends for a second class of open-end company shares -----------------------------------$ 0 EE) Total capital gains distributions for which record date passed during the period --------------- $ 0 73. Distributions per share for which record date passed during the period: NOTE: Show in fractions of a cent if so declared. " A) 1. Dividends from net investment income -------------- $ 0.47, 0.45 " 2. Dividends for a second class of open-end----------- $ 0.42, 0.50 company shares ---------------------------------- $ 0.0000 B) Distribution of capital gains ---------------$ 0.00, 0.00, 0.00, 0.00 C) Other distributions --------------------------------- $ 0.0000 SCREEN NUMBER: 34 This page being (Continued from Screen 35) filed for series 0. Condensed balance sheet data: As of the end of current reporting period (000's omitted except for per share amounts and number of accounts) 74.O) Payables for portfolio instruments purchased --------------- $ 0 P) Amounts owed to affiliated persons --------------------------$ 0 Q) Senior long-term debt ---------------------------------------$ 0 R) Other liabilities:1. Reverse repurchase agreements --------- $ 0 2. Short sales --------------------------- $ 0 3. Written options ----------------------- $ 0 4. All other liabilities ----------------- $ 0 S) Senior equity -----------------------------------------------$ 0 T) Net assets of common shareholders ---------------------------$ 0 U) 1. Number of shares outstanding -----------------------------$ 0 2. Number of shares outstanding of a second class of shares of open-end company --------------------------------------- 0 " V) 1. Net asset value per share(to nearest cent)------ $10.86,10.86 2. Net asset value per share of a second class of open-end " company shares (to nearest cent) ------------------ $10.86,10.86 W) Mark-to-market net asset value per share for money market funds only (to 4 decimals) -----------------$ 0.0000 X) Total number of shareholder accounts ------------------------$ 0 Y) Total value of assets in segregated accounts ----------------$ 0 SCREEN NUMBER: 36 Because the electronic format for filing Form N-SAR does not provide "adequate space for responding to Items 73A1&2 and 74V1&2 correctly, " the correct answers are as above. Prudential Municipal Series Fund/California Income Series EX-99 10 navscs.txt NAVS AND PER SHARE INFO - CS This page being FINANCIAL INFORMATION (Cont. from Screen 33) filed for series 1. EXPENSES (Negative answers are allowed For the period covered by this form on this screen for 72Z only) ($000's omitted) 72.Y) Expense reimbursements ----------------------------- $ 0 Z) Net investment income ------------------------------ $ 0 AA) Realized capital gains ----------------------------- $ 0 BB) Realized capital losses ---------------------------- $ 0 CC) 1. Net unrealized appreciation during the period --- $ 0 2. Net unrealized depreciation during the period --- $ 0 DD) 1. Total income dividends for which record date passed during the period ------------------------ $ 0 2. Dividends for a second class of open-end company shares -----------------------------------$ 0 EE) Total capital gains distributions for which record date passed during the period --------------- $ 0 73. Distributions per share for which record date passed during the period: NOTE: Show in fractions of a cent if so declared. " A) 1. Dividends from net investment income ------------ $ 0.51, 0.48 " 2. Dividends for a second class of open-end--------- $ 0.45, 0.54 company shares ---------------------------------- $ 0.0000 B) Distribution of capital gains ---------------$ 0.08, 0.08, 0.08, 0.08 C) Other distributions --------------------------------- $ 0.0000 SCREEN NUMBER: 34 This page being (Continued from Screen 35) filed for series 0. Condensed balance sheet data: As of the end of current reporting period (000's omitted except for per share amounts and number of accounts) 74.O) Payables for portfolio instruments purchased --------------- $ 0 P) Amounts owed to affiliated persons --------------------------$ 0 Q) Senior long-term debt ---------------------------------------$ 0 R) Other liabilities:1. Reverse repurchase agreements --------- $ 0 2. Short sales --------------------------- $ 0 3. Written options ----------------------- $ 0 4. All other liabilities ----------------- $ 0 S) Senior equity -----------------------------------------------$ 0 T) Net assets of common shareholders ---------------------------$ 0 U) 1. Number of shares outstanding -----------------------------$ 0 2. Number of shares outstanding of a second class of shares of open-end company --------------------------------------- 0 " V) 1. Net asset value per share(to nearest cent)---- $11.95,11.95 2. Net asset value per share of a second class of open-end " company shares (to nearest cent) ----------------- $11.95,11.95 W) Mark-to-market net asset value per share for money market funds only (to 4 decimals) -----------------$ 0.0000 X) Total number of shareholder accounts ------------------------$ 0 Y) Total value of assets in segregated accounts ----------------$ 0 SCREEN NUMBER: 36 Because the electronic format for filing Form N-SAR does not provide "adequate space for responding to Items 73A1&2 and 74V1&2 correctly, " the correct answers are as above. Prudential Municipal Series Fund/California Series -----END PRIVACY-ENHANCED MESSAGE-----