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:	811-01660
Exact name of registrant as specified in charter:	Prudential’s Gibraltar Fund, Inc.
Address of principal executive offices:	Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102
Name and address of agent for service:	Deborah A. Docs
	Gateway Center 3, 100 Mulberry Street, Newark, New Jersey 07102
Registrant’s telephone number, including area code:	973-367-7521
Date of fiscal year end:	12/31/2007
Date of reporting period:	9/30/2007

Item 1. Schedule of Investments

PRUDENTIAL’S GIBRALTAR FUND, INC.

SCHEDULE OF INVESTMENTS	September 30, 2007 (Unaudited)
	Shares	Value
LONG-TERM INVESTMENTS — 96.8%
COMMON STOCKS
Aerospace & Defense — 5.3%
Boeing Co.	64,500	$	6,771,855
United Technologies Corp.	65,600		5,279,488
			12,051,343
Beverages — 5.3%
PepsiCo, Inc.	163,900		12,007,314
Biotechnology — 3.2%
Genentech, Inc.(a)	91,300		7,123,226
Capital Markets — 6.1%
Charles Schwab Corp. (The)	351,800		7,598,880
Goldman Sachs Group, Inc.	12,400		2,687,576
Lazard Ltd. “Class A”	82,100		3,481,040
			13,767,496
Chemicals — 2.8%
Monsanto Co.	74,000		6,344,760
Communications Equipment — 7.5%
Cisco Systems, Inc.(a)	337,200		11,164,692
QUALCOMM, Inc.	135,400		5,722,004
			16,886,696
Computers & Peripherals — 4.7%
Apple, Inc.(a)	35,000		5,373,900
Hewlett-Packard Co.	103,600		5,158,244
			10,532,144
Consumer Finance — 1.6%
American Express Co.	59,300		3,520,641
Diversified Financial Services — 1.5%
NYSE Euronext	42,800		3,388,476
Electronic Equipment & Instruments — 1.0%
Sony Corp., ADR (Japan)	44,600		2,143,476
Energy Equipment & Services — 1.3%
Schlumberger Ltd.	28,900		3,034,500

Food & Staples Retailing — 2.2%
Costco Wholesale Corp.	34,800	2,135,676
Whole Foods Market, Inc.	55,500	2,717,280
		4,852,956
Healthcare Equipment & Supplies — 5.8%
Alcon, Inc.	38,500	5,540,920
Baxter International, Inc.	61,300	3,449,964
St. Jude Medical, Inc.(a)	92,100	4,058,847
		13,049,731
Hotels, Restaurants & Leisure — 2.2%
International Game Technology	45,800	1,973,980
Marriott International, Inc. “Class A”	66,900	2,908,143
		4,882,123
Household Products — 3.1%
Colgate-Palmolive Co.	97,100	6,925,172
Industrial Conglomerates — 2.6%
General Electric Co.	143,400	5,936,760
Insurance — 2.4%
American International Group, Inc.	81,300	5,499,945
Internet Software & Services — 3.9%
Google, Inc. “Class A”(a)	15,400	8,735,958
Life Sciences Tools & Services — 1.2%
Thermo Fisher Scientific, Inc.(a)	46,000	2,655,120
Machinery — 0.6%
Caterpillar, Inc.	16,500	1,294,095
Media — 4.0%
News Corp. “Class A”	103,400	2,273,766
Walt Disney Co.	197,300	6,785,147
		9,058,913
Multiline Retail — 2.7%
J.C. Penney Co., Inc.	40,500	2,566,485
Kohl’s Corp.(a)	20,800	1,192,464
Target Corp.	35,600	2,263,092
		6,022,041
Oil, Gas & Consumable Fuels — 2.9%
Marathon Oil Corp.	42,800	2,440,456
Murphy Oil Corp.	17,400	1,216,086
Occidental Petroleum Corp.	45,700	2,928,456
		6,584,998

Pharmaceuticals — 7.7%
Abbott Laboratories	91,900		4,927,678
Schering-Plough Corp.	158,800		5,022,844
Teva Pharmaceutical Industries Ltd., ADR (Israel)	87,500		3,891,125
Wyeth	78,100		3,479,355
			17,321,002
Semiconductors & Semiconductor Equipment — 3.0%
Applied Materials, Inc.	49,400		1,022,580
Intel Corp.	139,400		3,604,884
Marvell Technology Group, Ltd.(a)	133,100		2,178,847
			6,806,311
Software — 8.8%
Adobe Systems, Inc.(a)	133,200		5,815,512
Electronic Arts, Inc.(a)	81,400		4,557,586
Microsoft Corp.	224,400		6,610,824
SAP AG, ADR (Germany)	40,000		2,346,800
VMware, Inc. “Class A”(a)	6,800		578,000
			19,908,722
Textiles, Apparel & Luxury Goods — 3.4%
NIKE, Inc. “Class B”	132,100		7,748,986
Total long-term investments (cost $168,999,348)			218,082,905
SHORT-TERM INVESTMENTS — 3.6%
Affiliated Money Market Mutual Fund
Dryden Core Investment Fund - Taxable Money Market Series (cost $8,148,487)(b)	8,148,487		8,148,487
TOTAL INVESTMENTS — 100.4% (cost $177,147,835)(c)			226,231,392
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.4)%			(1,009,976	)
NET ASSETS — 100.0%		$	225,221,416

The following abbreviation is used in portfolio descriptions:
ADR	American Depositary Receipt

(a) Non-income producing security.

(b) Prudential Investments LLC, the Manager of the Fund, also serves as Manager of the Dryden Core Investment Fund — Taxable Money Market Series.

(c) The United States federal income tax basis of the Fund’s investments and the net unrealized appreciation as of September 30, 2007 were as follows:

Tax Basis of Investments	Appreciation	Depreciation	Net Unrealized Appreciation
$ 178,857,761	$49,168,201	$1,794,570	$47,373,631

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

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 subadviser; 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. When determining the fair valuation of securities some of the factors influencing the valuation include, the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. 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.

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.

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

Short-term debt securities, which mature in sixty days or less are valued at, amortized cost, which approximates market value. The amortized cost method includes 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 debt securities, which mature in more than sixty days, are valued at current market quotations.

The Portfolio invests in the Taxable Money Market Series (the “Series”), a portfolio of Dryden Core Investment Fund, pursuant to an exemptive order received from the Securities and Exchange Commission. The Series is a money market mutual fund registered under the Investment Company Act of 1940, as amended, and managed by PI.

Other information regarding each fund is available in the respective fund’s most recent Report of Shareholders. 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’s Gibraltar Fund, Inc.
By (Signature and Title)*	/s/ Deborah A. Docs
	Deborah A. Docs
	Secretary of the Fund
Date November 26, 2007
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/ David R. Odenath
	David R. Odenath
	President and Principal Executive Officer
Date November 26, 2007
By (Signature and Title)*	/s/ Grace C. Torres
	Grace C. Torres
	Treasurer and Principal Financial Officer

Date November 26, 2007

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