The Target Portfolio Trust

N-PX/A 1 dnpxa.htm THE TARGET PORTFOLIO TRUST The Target Portfolio Trust

FORM N-PX/A

ANNUAL REPORT OF PROXY VOTING RECORD OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07064

The Target Portfolio Trust

(Exact name of registrant as specified in charter)

100 Mulberry Street, Gateway Center Three, 4^th Floor, Newark, NJ 07102

(Address of principal executive offices) (Zip Code)

Lori E. Bostrom, Esq.

(Name and address of agent for service)

Registrant’s telephone number, including area code: 973-802-2991

Date of fiscal year-end: December 31, 2004

Date of reporting period: June 30, 2004

Item 1. Proxy Voting Record

In determining votes against management, any ballot that management did not make a recommendation is considered to be ‘FOR’ regardless of the vote cast. Any ‘Abstain’ vote cast is considered as voted, and to be against the management recommendation.

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: Target Large Cap Value Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Aetna Inc

AET

00817Y108

4/30/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Betsy Z. Cohen

MGMT

YES

FOR

1.02 Elect Barbara Hackman Franklin

MGMT

YES

FOR

1.03 Elect Jeffery E. Garten

MGMT

YES

FOR

1.04 Elect Earl G. Graves Sr.

MGMT

YES

FOR

1.05 Elect Gerald Greenwald

MGMT

YES

FOR

1.06 Elect Ellen M. Hancock

MGMT

YES

FOR

1.07 Elect Michael H. Jordan

MGMT

YES

FOR

1.08 Elect Jack D. Kuehler

MGMT

YES

FOR

1.09 Elect Edward J. Ludwig

MGMT

YES

FOR

1.10 Elect Joseph P. Newhouse

MGMT

YES

FOR

1.11 Elect Judith Rodin

MGMT

YES

FOR

1.12 Elect John W. Rowe

MGMT

YES

FOR

1.13 Elect Ronald A. Williams

MGMT

YES

FOR

1.14 Elect R. David Yost

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Adopt Cumulative Voting

SHLDR

YES

AGNST

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 1 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Albertson’s Inc

ABS

013104104

6/10/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Pamela G. Bailey

MGMT

YES

FOR

1.02 Elect Teresa Beck

MGMT

YES

FOR

1.03 Elect Beth M. Pritchard

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Require Majority Vote to Elect Directors

SHLDR

YES

AGNST

FOR

5.00 SP-Eliminate Supermajority Provision

SHLDR

YES

AGNST

FOR

6.00 SP-Golden Parachutes

SHLDR

YES

AGNST

FOR

7.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

Alcoa Inc

013817101

4/30/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Alain J.P. Belda

MGMT

YES

FOR

1.02 Elect Carlos Ghosn

MGMT

YES

FOR

1.03 Elect Henry B. Schacht

MGMT

YES

FOR

1.04 Elect Franklin A. Thomas

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.01 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

3.02 SP-Golden Parachutes

SHLDR

YES

AGNST

FOR

Page 2 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Alliant Energy Corp

LNT

018802108

5/21/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Ann K. Newhall

MGMT

YES

FOR

1.02 Elect Michael L. Bennett

MGMT

YES

FOR

1.03 Elect Jack B. Evans

MGMT

YES

FOR

1.04 Elect David A. Perdue

MGMT

YES

FOR

1.05 Elect Judith D. Pyle

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

Allmerica Financial Corp

AFC

019754100

5/4/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Michael P. Angelini

MGMT

YES

FOR

1.02 Elect Edward J. Parry III

MGMT

YES

FOR

1.03 Elect Herbert M. Varnum

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

Page 3 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Allstate Corp

ALL

020002101

5/18/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect F. Duane Ackerman

MGMT

YES

FOR

1.02 Elect James G. Andress

MGMT

YES

FOR

1.03 Elect Edward A. Brennan

MGMT

YES

FOR

1.04 Elect W. James Farrell

MGMT

YES

FOR

1.05 Elect Jack M. Greenberg

MGMT

YES

FOR

1.06 Elect Ronald T. LeMay

MGMT

YES

FOR

1.07 Elect Edward M. Liddy

MGMT

YES

FOR

1.08 Elect J. Christopher Reyes

MGMT

YES

FOR

1.09 Elect H. John Riley Jr.

MGMT

YES

FOR

1.10 Elect Joshua I. Smith

MGMT

YES

FOR

1.11 Elect Judith A. Sprieser

MGMT

YES

FOR

1.12 Elect Mary Alice Taylor

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

4.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

Page 4 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Altria Group Inc

02209S103

4/29/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Elizabeth E. Bailey

MGMT

YES

FOR

1.02 Elect Mathis Cabiallavetta

MGMT

YES

FOR

1.03 Elect Loius C. Camilleri

MGMT

YES

FOR

1.04 Elect Dudley Fishburn

MGMT

YES

FOR

1.05 Elect Robert E.R. Huntley

MGMT

YES

FOR

1.06 Elect Thomas W. Jones

MGMT

YES

FOR

1.07 Elect Lucio A. Noto

MGMT

YES

FOR

1.08 Elect John S. Reed

MGMT

YES

FOR

1.09 Elect Carlos Slim Helu

MGMT

YES

FOR

1.10 Elect Stephen M. Wolf

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

4.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

6.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

7.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

8.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

Page 5 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

American Electric Power

AEP

025537101

4/27/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect E. Richard Brooks

MGMT

YES

FOR

1.02 Elect Donald M. Carlton

MGMT

YES

FOR

1.03 Elect John P. DesBarres

MGMT

YES

FOR

1.04 Elect Robert W. Fri

MGMT

YES

FOR

1.05 Elect William R. Howell

MGMT

YES

FOR

1.06 Elect Lester A. Hudson Jr.

MGMT

YES

FOR

1.07 Elect Leonard J. Kujawa

MGMT

YES

FOR

1.08 Elect Michael G. Morris

MGMT

YES

FOR

1.09 Elect Richard L. Sandor

MGMT

YES

FOR

1.10 Elect Donald G. Smith

MGMT

YES

FOR

1.11 Elect Kathryn D. Sullivan

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Golden Parachutes

SHLDR

YES

AGNST

FOR

4.00 Approve Extra Benefits Under Serps

SHLDR

YES

AGNST

FOR

5.00 SP-Limit Consulting by Auditors

SHLDR

YES

AGNST

FOR

6.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

Page 6 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

AT&T Corp

001957505

5/19/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect William F. Aldinger III

MGMT

YES

FOR

1.02 Elect Kenneth T. Derr

MGMT

YES

FOR

1.03 Elect David W. Dorman

MGMT

YES

FOR

1.04 Elect M. Kathryn Eickhoff

MGMT

YES

FOR

1.05 Elect Herbert L. Henkel

MGMT

YES

FOR

1.06 Elect Frank C. Herringer

MGMT

YES

FOR

1.07 Elect Shirley A. Jackson

MGMT

YES

FOR

1.08 Elect Jon C. Madonna

MGMT

YES

FOR

1.09 Elect Donald F. McHenry

MGMT

YES

FOR

1.10 Elect Tony L. White

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

5.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

6.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

7.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

Caesars Entertainment Inc

CZR

127687101

5/26/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect A. Steven Crown

MGMT

YES

FOR

1.02 Elect Gilbert L. Shelton

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 7 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Cendant Corp

151313103

4/20/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect M. Brian Mulroney

MGMT

YES

FOR

1.02 Elect Ronald L. Nelson

MGMT

YES

FOR

1.03 Elect Robert W. Pittman

MGMT

YES

FOR

1.04 Elect Myra J. Biblowit

MGMT

YES

FOR

1.05 Elect Sheli Z. Rosenberg

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

5.00 SP-Cap Executive Pay

SHLDR

YES

AGNST

FOR

CIT Group Inc

CIT

125581108

5/12/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Albert R. Gamper Jr.

MGMT

YES

FOR

1.02 Elect Gary C. Butler

MGMT

YES

FOR

1.03 Elect William A. Farlinger

MGMT

YES

FOR

1.04 Elect William M. Freeman

MGMT

YES

FOR

1.05 Elect Thomas H. Kean

MGMT

YES

FOR

1.06 Elect Edward J. Kelly III

MGMT

YES

FOR

1.07 Elect Marianne Miller Parrs

MGMT

YES

FOR

1.08 Elect Jeffrey M. Peek

MGMT

YES

FOR

1.09 Elect John R. Ryan

MGMT

YES

FOR

1.10 Elect Peter J. Tobin

MGMT

YES

FOR

1.11 Elect Lois M. Van Deusen

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 8 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Delphi Corp

DPH

247126105

5/6/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Oscar de Paula Bernardes Neto

MGMT

YES

FOR

1.02 Elect Bernd Gottschalk

MGMT

YES

FOR

1.03 Elect John D. Opie

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

5.00 Approve Long-Term Bonus Plan

MGMT

YES

AGNST

6.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

7.00 SP-Repeal Classified Board

SHLDR

YES

AGNST

FOR

DTE Energy Co

DTE

233331107

4/29/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Anthony F. Earley Jr.

MGMT

YES

FOR

1.02 Elect Allan D. Gilmour

MGMT

YES

FOR

1.03 Elect Frank M. Hennessey

MGMT

YES

FOR

1.04 Elect Gail J. McGovern

MGMT

YES

FOR

1.05 Elect Josue Robles Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Eastman Chemical Co

EMN

277432100

5/6/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Renee J. Hornbaker

MGMT

YES

FOR

1.02 Elect Thomas H. McLain

MGMT

YES

FOR

1.03 Elect Peter M. Wood

MGMT

YES

FOR

2.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

Page 9 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Eastman Kodak Co

277461109

5/12/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect William H. Hernandez

MGMT

YES

FOR

1.02 Elect Hector de J. Ruiz

MGMT

YES

FOR

1.03 Elect Laura D’Andrea Tyson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

4.00 SP-Control Generation of Pollutants

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Electronic Data Systems Corp

EDS

285661104

5/25/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Roger A. Enrico

MGMT

YES

FOR

1.02 Elect Ellen M. Hancock

MGMT

YES

FOR

1.03 Elect C. Robert Kidder

MGMT

YES

FOR

2.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

3.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

4.00 SP-Eliminate Supermajority Provision

SHLDR

YES

FOR

AGNST

Page 10 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Entergy Corp

ETR

29364G103

5/14/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Maureen S. Bateman

MGMT

YES

FOR

1.02 Elect W. Frank Blount

MGMT

YES

FOR

1.03 Elect Simon D. deBree

MGMT

YES

FOR

1.04 Elect Claiborne P. Deming

MGMT

YES

FOR

1.05 Elect Alexis M. Herman

MGMT

YES

FOR

1.06 Elect Donald C. Hintz

MGMT

YES

FOR

1.07 Elect J. Wayne Leonard

MGMT

YES

FOR

1.08 Elect Robert v.d. Luft

MGMT

YES

FOR

1.09 Elect Kathleen A. Murphy

MGMT

YES

FOR

1.10 Elect Paul W. Murrill

MGMT

YES

FOR

1.11 Elect James R. Nichols

MGMT

YES

FOR

1.12 Elect William A. Percy II

MGMT

YES

FOR

1.13 Elect Dennis H. Reilley

MGMT

YES

FOR

1.14 Elect William Clifford Smith

MGMT

YES

FOR

1.15 Elect Bismark A. Steinhagen

MGMT

YES

FOR

1.16 Elect Steven V. Wilkinson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Golden Parachutes

SHLDR

YES

AGNST

4.00 SP-Adopt Cumulative Voting

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 11 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Federal Home Loan Mortgage Corp

FRE

313400301

3/31/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Joan E. Donoghue

MGMT

YES

FOR

1.02 Elect Michelle Engler

MGMT

YES

FOR

1.03 Elect Richard Karl Goeltz

MGMT

YES

FOR

1.04 Elect George D. Gould

MGMT

YES

FOR

1.05 Elect Henry Kaufman

MGMT

YES

FOR

1.06 Elect John B. McCoy

MGMT

YES

FOR

1.07 Elect Shaun F. O’Malley

MGMT

YES

FOR

1.08 Elect Ronald F. Poe

MGMT

YES

FOR

1.09 Elect Stephen A. Ross

MGMT

YES

FOR

1.10 Elect Donald J. Schuenke

MGMT

YES

FOR

1.11 Elect Christina Seix

MGMT

YES

FOR

1.12 Elect Richard F. Syron

MGMT

YES

FOR

1.13 Elect William J. Turner

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 12 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

FirstEnergy Corp

337932107

5/18/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Paul T. Addison

MGMT

YES

FOR

1.02 Elect Ernest J. Novak Jr.

MGMT

YES

FOR

1.03 Elect John M. Pietruski

MGMT

YES

FOR

1.04 Elect Catherine A. Rein

MGMT

YES

FOR

1.05 Elect Robert C. Savage

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Repeal Classified Board

MGMT

YES

FOR

4.00 Eliminate Supermajority Requirement

MGMT

YES

FOR

5.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

6.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

7.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

8.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

9.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

10.00 SP-Golden Parachutes

SHLDR

YES

AGNST

FOR

Page 13 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Jones Apparel Group Inc

JNY

480074103

5/19/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Peter Boneparth

MGMT

YES

FOR

1.02 Elect Sidney Kimmel

MGMT

YES

FOR

1.03 Elect Geraldine Stutz

MGMT

YES

FOR

1.04 Elect Howard Gittis

MGMT

YES

FOR

1.05 Elect Anthony F. Scarpa

MGMT

YES

FOR

1.06 Elect Matthew H. Kamens

MGMT

YES

FOR

1.07 Elect Michael L. Tarnopol

MGMT

YES

FOR

1.08 Elect J. Robert Kerrey

MGMT

YES

FOR

1.09 Elect Ann N. Reese

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

KeyCorp

KEY

493267108

5/13/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Alexander M. Cutler

MGMT

YES

FOR

1.02 Elect Douglas J. McGregor

MGMT

YES

FOR

1.03 Elect Eduardo R. Menasce

MGMT

YES

FOR

1.04 Elect Henry L. Meyer III

MGMT

YES

FOR

1.05 Elect Peter G. Ten Eyck II

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Approve Annual Bonus Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 14 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Kraft Foods Inc

KFT

50075N104

4/27/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Loius C. Camilleri

MGMT

YES

FOR

1.02 Elect Roger K. Deromedi

MGMT

YES

FOR

1.03 Elect Dinyar S. Devitre

MGMT

YES

FOR

1.04 Elect W. James Farrell

MGMT

YES

FOR

1.05 Elect Betsy D. Holden

MGMT

YES

FOR

1.06 Elect John C. Pope

MGMT

YES

FOR

1.07 Elect Mary L. Shapiro

MGMT

YES

FOR

1.08 Elect Charles R. Wall

MGMT

YES

FOR

1.09 Elect Deborah C. Wright

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Lennar Corp

LEN

526057104

3/30/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Irving Bolotin

MGMT

YES

FOR

1.02 Elect R. Kirk Landon

MGMT

YES

FOR

1.03 Elect Donna E. Shalala

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Lincoln National Corp

LNC

534187109

5/13/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect William J. Avery

MGMT

YES

FOR

1.02 Elect Jon A. Boscia

MGMT

YES

FOR

1.03 Elect Eric G. Johnson

MGMT

YES

FOR

1.04 Elect Glenn F. Tilton

MGMT

YES

FOR

2.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

Page 15 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Metlife Inc

MET

59156R108

4/27/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Curtis H. Barnette

MGMT

YES

FOR

1.02 Elect John C. Danforth

MGMT

YES

FOR

1.03 Elect Burton A. Dole Jr.

MGMT

YES

FOR

1.04 Elect Harry P. Kamen

MGMT

YES

FOR

1.05 Elect Charles M. Leighton

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 SP-Cap Executive Pay

SHLDR

YES

FOR

AGNST

Penney (J C) Co

JCP

708160106

5/14/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Colleen C. Barrett

MGMT

YES

FOR

1.02 Elect M. Anthony Burns

MGMT

YES

FOR

1.03 Elect Maxine K. Clark

MGMT

YES

FOR

1.04 Elect Allen Questrom

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 16 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Plum Creek Timber Co Inc

PCL

729251108

5/4/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Rick R. Holley

MGMT

YES

FOR

1.02 Elect Ian B. Davidson

MGMT

YES

FOR

1.03 Elect Robin Josephs

MGMT

YES

FOR

1.04 Elect David D. Leland

MGMT

YES

FOR

1.05 Elect John G. McDonald

MGMT

YES

FOR

1.06 Elect Hamid R. Moghadam

MGMT

YES

FOR

1.07 Elect John H. Scully

MGMT

YES

FOR

1.08 Elect Stephen C. Tobias

MGMT

YES

FOR

1.09 Elect Carl B. Webb

MGMT

YES

FOR

2.01 Amend Stock Option Plan

MGMT

YES

FOR

2.02 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Endorse Ceres Principles

SHLDR

YES

AGNST

FOR

Principal Financial Group Inc

PFG

74251V102

5/18/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect David J. Drury

MGMT

YES

FOR

1.02 Elect C. Daniel Gelatt

MGMT

YES

FOR

1.03 Elect Sandra L. Helton

MGMT

YES

FOR

1.04 Elect Federico F. Pena

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

Page 17 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Raytheon Co

RTN

755111507

5/5/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect John M. Deutch

MGMT

YES

FOR

1.02 Elect Michael C. Ruettgers

MGMT

YES

FOR

1.03 Elect William R. Spivey

MGMT

YES

FOR

1.04 Elect William H. Swanson

MGMT

YES

FOR

1.05 Elect Linda Gillespie Stuntz

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Military Contracting Criteria

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

5.00 SP-Repeal Classified Board

SHLDR

YES

AGNST

FOR

6.00 SP-Review or Implement MacBride Principles

SHLDR

YES

AGNST

FOR

7.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

8.00 Approve Extra Benefits Under Serps

SHLDR

YES

AGNST

FOR

9.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

SARA LEE CORPORATION

SLE

803111103

10/30/2003

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Charitable Giving Policy

SHLDR

YES

AGNST

4.00 SP-Monitor/Adopt ILO Conventions

SHLDR

YES

AGNST

Page 18 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Scana Corp

SCG

80589M102

4/29/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect William B. Bookhart Jr.

MGMT

YES

FOR

1.02 Elect W. Hayne Hipp

MGMT

YES

FOR

1.03 Elect Harold C. Stowe

MGMT

YES

FOR

1.04 Elect G. Smedes York

MGMT

YES

FOR

2.00 Add Shares to Director Stock Award Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Sears, Roebuck & Co

812387108

5/13/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect William L. Bax

MGMT

YES

FOR

1.02 Elect Donald J. Carty

MGMT

YES

FOR

1.03 Elect Alan J. Lacy

MGMT

YES

FOR

1.04 Elect Hugh B. Price

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Repeal Classified Board

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

5.00 Majority Vote Shareholder Committee

SHLDR

YES

AGNST

FOR

Page 19 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

St. Paul Travelers Companies

STA

792860108

3/19/2004

Special

Adviser: Hotchkis & Wiley (formerly Mercury)

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.00 Approve Non-Technical Bylaw Amendments

MGMT

YES

FOR

3.00 Approve Non-Technical Charter Amendments

MGMT

YES

FOR

3.00 Approve Name Change

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

4.00 Eliminate Supermajority Requirement

MGMT

YES

FOR

Sunoco Inc

SUN

86764P109

5/6/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Robert J. Darnall

MGMT

YES

FOR

1.02 Elect John G. Drosdick

MGMT

YES

FOR

1.03 Elect Ursula F. Fairbairn

MGMT

YES

FOR

1.04 Elect Thomas P. Gerrity

MGMT

YES

FOR

1.05 Elect Rosemarie B. Greco

MGMT

YES

FOR

1.06 Elect James G. Kaiser

MGMT

YES

FOR

1.07 Elect Robert D. Kennedy

MGMT

YES

FOR

1.08 Elect Richard H. Lenny

MGMT

YES

FOR

1.09 Elect Norman S. Matthews

MGMT

YES

FOR

1.10 Elect R. Anderson Pew

MGMT

YES

FOR

1.11 Elect G. Jackson Ratcliffe, Jr.

MGMT

YES

FOR

1.12 Elect John W. Rowe

MGMT

YES

FOR

1.13 Elect John K. Wulff

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 20 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Tenet Healthcare Corp

THC

88033G100

5/6/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Trevor Fetter

MGMT

YES

FOR

1.02 Elect Van B. Honeycutt

MGMT

YES

FOR

1.03 Elect John C. Kane

MGMT

YES

FOR

1.04 Elect Edward A. Kangas

MGMT

YES

FOR

1.05 Elect J. Robert Kerrey

MGMT

YES

FOR

1.06 Elect Richard R. Pettingill

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 21 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Tyco International Ltd

TYC

902124106

3/25/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Dennis C. Blair

MGMT

YES

FOR

1.02 Elect Edward D. Breen

MGMT

YES

FOR

1.03 Elect George W. Buckley

MGMT

YES

FOR

1.04 Elect Bruce S. Gordon

MGMT

YES

FOR

1.05 Elect John A. Krol

MGMT

YES

FOR

1.06 Elect H. Carl McCall

MGMT

YES

FOR

1.07 Elect Mackey J. McDonald

MGMT

YES

FOR

1.08 Elect Brendan R. O’Neill

MGMT

YES

FOR

1.09 Elect Sandra S. Wijnberg

MGMT

YES

FOR

1.10 Elect Jerome B. York

MGMT

YES

FOR

1.11 Elect Brian Duperreault

MGMT

YES

FOR

2.00 Authorize Committee to Set Auditors’ Fees

MGMT

YES

FOR

2.00 Authorize Committee to Set Auditors’ Fees

MGMT

YES

FOR

3.00 Adopt New Bylaws

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

5.00 SP-Control Generation of Pollutants

SHLDR

YES

FOR

6.00 SP-Reincorporation

SHLDR

YES

AGNST

FOR

7.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 22 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

UnionBanCal Corp

908906100

4/28/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect David R. Andrews

MGMT

YES

FOR

1.02 Elect L. Dale Crandall

MGMT

YES

FOR

1.03 Elect Richard D. Farman

MGMT

YES

FOR

1.04 Elect Stanley F. Farrar

MGMT

YES

FOR

1.05 Elect Philip B. Flynn

MGMT

YES

FOR

1.06 Elect Michael J. Gillfillan

MGMT

YES

FOR

1.07 Elect Richard C. Hartnack

MGMT

YES

FOR

1.08 Elect Norimichi Kanari

MGMT

YES

FOR

1.09 Elect Satoru Kishi

MGMT

YES

FOR

1.10 Elect Monica C. Lozano

MGMT

YES

FOR

1.11 Elect Mary S. Metz

MGMT

YES

FOR

1.12 Elect Takahiro Moriguchi

MGMT

YES

FOR

1.13 Elect J. Fernando Niebla

MGMT

YES

FOR

1.14 Elect Takaharu Saegusa

MGMT

YES

FOR

1.15 Elect Tetsuo Shimura

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Page 23 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

UnumProvident Corp

UNM

91529Y106

5/13/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Ronald E. Goldsberry

MGMT

YES

FOR

1.02 Elect Hugh O. Maclellan Jr.

MGMT

YES

FOR

1.03 Elect C. William Pollard

MGMT

YES

FOR

1.04 Elect John W. Rowe

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 Require Majority Vote to Elect Directors

SHLDR

YES

AGNST

FOR

6.00 Indep. Director-Shareholder Dialogue

SHLDR

YES

AGNST

FOR

Washington Mutual Inc

939322103

4/20/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Anne V. Farrell

MGMT

YES

FOR

1.02 Elect Stephen E. Frank

MGMT

YES

FOR

1.03 Elect Margaret G. Osmer-McQuade

MGMT

YES

FOR

1.04 Elect William D. Schulte

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 24 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Waste Management Inc

WMI

94106L109

5/14/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Pastora San Juan Cafferty

MGMT

YES

FOR

1.02 Elect Frank M. Clark Jr.

MGMT

YES

FOR

1.03 Elect Robert Stevens Miller Jr.

MGMT

YES

FOR

1.04 Elect A. Maurice Myers

MGMT

YES

FOR

1.05 Elect John C. Pope

MGMT

YES

FOR

1.06 Elect W. Robert Reum

MGMT

YES

FOR

1.07 Elect Steven G. Rothmeier

MGMT

YES

FOR

1.08 Elect David P. Steiner

MGMT

YES

FOR

1.09 Elect Carl W. Vogt

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Approve Annual Bonus Plan

MGMT

YES

FOR

Weyerhaeuser Co

962166104

4/13/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Steven R. Rogel

MGMT

YES

FOR

1.02 Elect William D. Ruckelshaus

MGMT

YES

FOR

1.03 Elect Richard H. Sinkfield

MGMT

YES

FOR

1.04 Elect James N. Sullivan

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Repeal Classified Board

MGMT

YES

AGNST

FOR

4.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Report or Take Action on Climate Change

SHLDR

YES

AGNST

FOR

7.00 SP-Preserve/Report on Natural Habitat

SHLDR

YES

AGNST

FOR

8.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 25 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Yum Brands Inc

YUM

988498101

5/20/2004

Annual

Adviser: Hotchkis & Wiley (formerly Mercury)

1.01 Elect Robert J. Holland Jr.

MGMT

YES

FOR

1.02 Elect David C. Novak

MGMT

YES

FOR

1.03 Elect Jackie Trujilo

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

FOR

AGNST

4.00 SP-Report on Sustainability

SHLDR

YES

AGNST

FOR

5.00 SP-Urge MacBride on Contractor/Franchisee

SHLDR

YES

AGNST

FOR

6.00 SP-Review or Curb Bioengineering

SHLDR

YES

AGNST

FOR

7.00 SP-Review or Promote Animal Welfare

SHLDR

YES

AGNST

FOR

3M Co

MMM

88579Y101

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect Edward A. Brennan

MGMT

YES

FOR

1.02 Elect Michael L. Eskew

MGMT

YES

FOR

1.03 Elect W. James McNerney Jr.

MGMT

YES

FOR

1.04 Elect Kevin W. Sharer

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

4.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

Page 26 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Aetna Inc

AET

00817Y108

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Betsy Z. Cohen

MGMT

YES

FOR

1.02 Elect Barbara Hackman Franklin

MGMT

YES

FOR

1.03 Elect Jeffery E. Garten

MGMT

YES

FOR

1.04 Elect Earl G. Graves Sr.

MGMT

YES

FOR

1.05 Elect Gerald Greenwald

MGMT

YES

FOR

1.06 Elect Ellen M. Hancock

MGMT

YES

FOR

1.07 Elect Michael H. Jordan

MGMT

YES

FOR

1.08 Elect Jack D. Kuehler

MGMT

YES

FOR

1.09 Elect Edward J. Ludwig

MGMT

YES

FOR

1.10 Elect Joseph P. Newhouse

MGMT

YES

FOR

1.11 Elect Judith Rodin

MGMT

YES

FOR

1.12 Elect John W. Rowe

MGMT

YES

FOR

1.13 Elect Ronald A. Williams

MGMT

YES

FOR

1.14 Elect R. David Yost

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Agilent Technologies Inc

00846U101

3/2/2004

Annual

Adviser: JP Morgan

1.01 Elect James G. Cullen

MGMT

YES

FOR

1.02 Elect Robert L. Joss

MGMT

YES

FOR

1.03 Elect Walter B. Hewlett

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 27 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Air Products & Chemicals Inc

APD

009158106

1/22/2004

Annual

Adviser: JP Morgan

1.01 Elect W. Douglas Ford

MGMT

YES

FOR

1.02 Elect James F. Hardymon

MGMT

YES

FOR

1.03 Elect Paula G. Rosput

MGMT

YES

FOR

1.04 Elect Lawrason D. Thomas

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Alcoa Inc

013817101

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Alain J.P. Belda

MGMT

YES

FOR

1.02 Elect Carlos Ghosn

MGMT

YES

FOR

1.03 Elect Henry B. Schacht

MGMT

YES

FOR

1.04 Elect Franklin A. Thomas

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.01 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

3.02 SP-Golden Parachutes

SHLDR

YES

AGNST

FOR

Page 28 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Allstate Corp

ALL

020002101

5/18/2004

Annual

Adviser: JP Morgan

1.01 Elect F. Duane Ackerman

MGMT

YES

FOR

1.02 Elect James G. Andress

MGMT

YES

FOR

1.03 Elect Edward A. Brennan

MGMT

YES

FOR

1.04 Elect W. James Farrell

MGMT

YES

FOR

1.05 Elect Jack M. Greenberg

MGMT

YES

FOR

1.06 Elect Ronald T. LeMay

MGMT

YES

FOR

1.07 Elect Edward M. Liddy

MGMT

YES

FOR

1.08 Elect J. Christopher Reyes

MGMT

YES

FOR

1.09 Elect H. John Riley Jr.

MGMT

YES

FOR

1.10 Elect Joshua I. Smith

MGMT

YES

FOR

1.11 Elect Judith A. Sprieser

MGMT

YES

FOR

1.12 Elect Mary Alice Taylor

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

4.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

Page 29 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Altera Corp

ALTR

021441100

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect John P. Daane

MGMT

YES

FOR

1.02 Elect Robert W. Reed

MGMT

YES

FOR

1.03 Elect Charles M. Clough

MGMT

YES

FOR

1.04 Elect Robert J. Finocchio Jr.

MGMT

YES

FOR

1.05 Elect Kevin J. McGarity

MGMT

YES

FOR

1.06 Elect Paul Newhagen

MGMT

YES

FOR

1.07 Elect William E. Terry

MGMT

YES

FOR

1.08 Elect Susan Wang

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

Page 30 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Altria Group Inc

02209S103

4/29/2004

Annual

Adviser: JP Morgan

1.01 Elect Elizabeth E. Bailey

MGMT

YES

FOR

1.02 Elect Mathis Cabiallavetta

MGMT

YES

FOR

1.03 Elect Loius C. Camilleri

MGMT

YES

FOR

1.04 Elect Dudley Fishburn

MGMT

YES

FOR

1.05 Elect Robert E.R. Huntley

MGMT

YES

FOR

1.06 Elect Thomas W. Jones

MGMT

YES

FOR

1.07 Elect Lucio A. Noto

MGMT

YES

FOR

1.08 Elect John S. Reed

MGMT

YES

FOR

1.09 Elect Carlos Slim Helu

MGMT

YES

FOR

1.10 Elect Stephen M. Wolf

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

4.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

6.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

7.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

AGNST

FOR

8.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

Page 31 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ambac Financial Group

ABK

023139108

5/4/2004

Annual

Adviser: JP Morgan

1.01 Elect Phillip B. Lassiter

MGMT

YES

FOR

1.02 Elect Michael A. Callen

MGMT

YES

FOR

1.03 Elect Renso L. Caporali

MGMT

YES

FOR

1.04 Elect Jill M. Considine

MGMT

YES

FOR

1.05 Elect Richard Dulude

MGMT

YES

FOR

1.06 Elect Robert j. Genader

MGMT

YES

FOR

1.07 Elect W. Grant Gregory

MGMT

YES

FOR

1.08 Elect Laura S. Unger

MGMT

YES

FOR

1.09 Elect Henry D. G. Wallace

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 32 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

American Electric Power

AEP

025537101

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect E. Richard Brooks

MGMT

YES

FOR

1.02 Elect Donald M. Carlton

MGMT

YES

FOR

1.03 Elect John P. DesBarres

MGMT

YES

FOR

1.04 Elect Robert W. Fri

MGMT

YES

FOR

1.05 Elect William R. Howell

MGMT

YES

FOR

1.06 Elect Lester A. Hudson Jr.

MGMT

YES

FOR

1.07 Elect Leonard J. Kujawa

MGMT

YES

FOR

1.08 Elect Michael G. Morris

MGMT

YES

FOR

1.09 Elect Richard L. Sandor

MGMT

YES

FOR

1.10 Elect Donald G. Smith

MGMT

YES

FOR

1.11 Elect Kathryn D. Sullivan

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

4.00 Approve Extra Benefits Under Serps

SHLDR

YES

FOR

AGNST

5.00 SP-Limit Consulting by Auditors

SHLDR

YES

FOR

AGNST

6.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

Page 33 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

American International Group

AIG

026874107

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect M. Bernard Aidinoff

MGMT

YES

FOR

1.02 Elect Chia Pei-Yuan

MGMT

YES

FOR

1.03 Elect Marshall A. Cohen

MGMT

YES

FOR

1.04 Elect William S. Cohen

MGMT

YES

FOR

1.05 Elect Martin S. Feldstein

MGMT

YES

FOR

1.06 Elect Ellen V. Futter

MGMT

YES

FOR

1.07 Elect Maurice R. Greenberg

MGMT

YES

FOR

1.08 Elect Carla A. Hills

MGMT

YES

FOR

1.09 Elect Frank J. Hoenemeyer

MGMT

YES

FOR

1.10 Elect Richard C. Holbrooke

MGMT

YES

FOR

1.11 Elect Donald P. Kanak

MGMT

YES

FOR

1.12 Elect Howard I. Smith

MGMT

YES

FOR

1.13 Elect Martin J. Sullivan

MGMT

YES

FOR

1.14 Elect Edmund Tse Sze-Wing

MGMT

YES

FOR

1.15 Elect Frank G. Zarb

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

6.00 SP-Sever Links with Tobacco Industry

SHLDR

YES

AGNST

FOR

7.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

Page 34 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Amgen Inc

AMGN

031162100

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Frank J. Biondi Jr.

MGMT

YES

FOR

1.02 Elect Jerry D. Choate

MGMT

YES

WHOLD

AGNST

1.03 Elect Frank C. Herringer

MGMT

YES

FOR

1.04 Elect Gilbert S. Omenn

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Report on EEO

SHLDR

YES

AGNST

FOR

4.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

Anadarko Petroleum Corp

APC

032511107

5/6/2004

Annual

Adviser: JP Morgan

1.01 Elect Larry Barcus

MGMT

YES

FOR

1.02 Elect James L. Bryan

MGMT

YES

FOR

1.03 Elect James T. Hackett

MGMT

YES

FOR

2.00 Amend Annual Bonus Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Report or Take Action on Climate Change

SHLDR

YES

FOR

AGNST

Anthem Inc

ATH

03674B104

5/17/2004

Annual

Adviser: JP Morgan

1.01 Elect Victor S. Liss

MGMT

YES

FOR

1.02 Elect James W. McDowell, Jr.

MGMT

YES

FOR

1.03 Elect George A. Schaefer Jr.

MGMT

YES

FOR

1.04 Elect Jackie M. Ward

MGMT

YES

FOR

Page 35 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Anthem Inc

ATH

03674B104

6/28/2004

Special

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

Apartment Investment & Management

AIV

03748R101

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Terry Considine

MGMT

YES

FOR

1.02 Elect Peter K. Kompaniez

MGMT

YES

FOR

1.03 Elect James N. Bailey

MGMT

YES

FOR

1.04 Elect Richard S. Ellwood

MGMT

YES

FOR

1.05 Elect J. Landis Martin

MGMT

YES

FOR

1.06 Elect Thomas L. Rhodes

MGMT

YES

FOR

2.00 Misc. Executive Pay

MGMT

YES

FOR

3.00 Approve Executive Investment Program

MGMT

YES

FOR

4.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

ARCHER-DANIELS-MIDLAND COMPANY

ADM

039483102

11/6/2003

Annual

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

Archstone-Smith Trust

ASN

039583109

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Ernest A. Gerardi Jr.

MGMT

YES

FOR

1.02 Elect Ruth Ann M. Gillis

MGMT

YES

FOR

1.03 Elect Ned S. Holmes

MGMT

YES

FOR

1.04 Elect R. Scot Sellers

MGMT

YES

FOR

2.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

Page 36 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

AT&T Wireless Services Inc

AWE

00209A106

5/19/2004

Annual

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.01 Elect Nobuharu Ono

MGMT

YES

FOR

2.02 Elect Carolyn M. Ticknor

MGMT

YES

FOR

2.03 Elect John D. Zeglis

MGMT

YES

FOR

3.00 Elect Directors

MGMT

YES

FOR

4.00 Elect Directors

MGMT

YES

FOR

5.00 Elect Directors

MGMT

YES

FOR

6.00 Require Majority Vote to Elect Directors

SHLDR

YES

AGNST

FOR

Baker-Hughes Inc

BHI

057224107

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Edward P. Djerejian

MGMT

YES

WHOLD

AGNST

1.02 Elect H. John Riley Jr.

MGMT

YES

WHOLD

AGNST

1.03 Elect Charles L. Watson

MGMT

YES

WHOLD

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

Bank of America Corp

BAC

060505104

3/17/2004

Special

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

4.00 Adjourn Meeting

MGMT

YES

FOR

Page 37 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Bank of America Corp

BAC

060505104

5/26/2004

Annual

Adviser: JP Morgan

1.01 Elect William Barnet III

MGMT

YES

FOR

1.02 Elect Charles W. Coker

MGMT

YES

FOR

1.03 Elect John T. Collins

MGMT

YES

FOR

1.04 Elect Gary L. Countryman

MGMT

YES

FOR

1.05 Elect Paul Fulton

MGMT

YES

FOR

1.06 Elect Charles K. Gifford

MGMT

YES

FOR

1.07 Elect Donald E. Guinn

MGMT

YES

FOR

1.08 Elect James H. Hance Jr.

MGMT

YES

FOR

1.09 Elect Kenneth D. Lewis

MGMT

YES

FOR

1.10 Elect Walter E. Massey

MGMT

YES

FOR

1.11 Elect J. Thomas May

MGMT

YES

FOR

1.12 Elect C. Steven McMillan

MGMT

YES

FOR

1.13 Elect Eugene M. McQuade

MGMT

YES

FOR

1.14 Elect Patricia E. Mitchell

MGMT

YES

FOR

1.15 Elect Edward L. Romero

MGMT

YES

FOR

1.16 Elect Thomas M. Ryan

MGMT

YES

FOR

1.17 Elect O. Temple Sloan Jr.

MGMT

YES

FOR

1.18 Elect Meredith R. Spangler

MGMT

YES

FOR

1.19 Elect Jackie M. Ward

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Double Board Nominees

SHLDR

YES

AGNST

FOR

4.00 SP-Double Board Nominees

SHLDR

YES

AGNST

FOR

5.00 SP-Limit or End Charitable Giving

SHLDR

YES

AGNST

FOR

6.00 Mutual Funds Review Committee

SHLDR

YES

AGNST

FOR

7.00 Ensure Customer Privacy

SHLDR

YES

AGNST

FOR

Page 38 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Bank of New York Co Inc

064057102

4/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Frank J. Biondi Jr.

MGMT

YES

FOR

1.02 Elect Nicholas M. Donofrio

MGMT

YES

FOR

1.03 Elect Alan R. Griffith

MGMT

YES

FOR

1.04 Elect Gerald L. Hassell

MGMT

YES

FOR

1.05 Elect Richard J. Kogan

MGMT

YES

FOR

1.06 Elect Michael J. Kowalski

MGMT

YES

FOR

1.07 Elect John A. Luke Jr.

MGMT

YES

FOR

1.08 Elect John C. Malone

MGMT

YES

FOR

1.09 Elect Paul Myners

MGMT

YES

FOR

1.10 Elect Robert C. Pozen

MGMT

YES

FOR

1.11 Elect Catherine A. Rein

MGMT

YES

FOR

1.12 Elect Thomas A. Renyi

MGMT

YES

FOR

1.13 Elect William C. Richardson

MGMT

YES

FOR

1.14 Elect Brian L. Roberts

MGMT

YES

FOR

1.15 Elect Samuel C. Scott III

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Annual Bonus Plan

MGMT

YES

FOR

4.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Increase Risk Committee Independence

SHLDR

YES

AGNST

FOR

7.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

Page 39 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Bear Stearns Companies Inc

BSC

073902108

3/31/2004

Annual

Adviser: JP Morgan

1.01 Elect James E. Cayne

MGMT

YES

FOR

1.02 Elect Carl D. Glickman

MGMT

YES

FOR

1.03 Elect Alan C. Greenberg

MGMT

YES

FOR

1.04 Elect Donald J. Harrington

MGMT

YES

FOR

1.05 Elect William L. Mack

MGMT

YES

FOR

1.06 Elect Fred T. Nickell

MGMT

YES

FOR

1.07 Elect Paul A. Novelly

MGMT

YES

FOR

1.08 Elect Frederic V. Salerno

MGMT

YES

FOR

1.09 Elect Alan D. Schwartz

MGMT

YES

FOR

1.10 Elect Warren J. Spector

MGMT

YES

FOR

1.11 Elect Vincent S. Tese

MGMT

YES

FOR

2.00 Adopt Stock Award Plan

MGMT

YES

AGNST

3.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

4.00 Adopt Stock Award Plan

MGMT

YES

AGNST

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

BEARINGPOINT, INC.

074002106

11/4/2003

Annual

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

Page 40 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

BellSouth Corp

BLS

079860102

4/26/2004

Annual

Adviser: JP Morgan

1.01 Elect James H. Blanchard

MGMT

YES

FOR

1.02 Elect Armando M. Codina

MGMT

YES

FOR

1.03 Elect Leo F. Mullin

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Repeal Classified Board

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Cap Executive Pay

SHLDR

YES

AGNST

FOR

7.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

Black & Decker Corp

BDK

091797100

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Nolan D. Archibald

MGMT

YES

FOR

1.02 Elect Norman R. Augustine

MGMT

YES

FOR

1.03 Elect Barbara L. Bowles

MGMT

YES

FOR

1.04 Elect M. Anthony Burns

MGMT

YES

FOR

1.05 Elect Kim B. Clark

MGMT

YES

FOR

1.06 Elect Manuel A. Fernandez

MGMT

YES

FOR

1.07 Elect Benjamin H. Griswold IV

MGMT

YES

FOR

1.08 Elect Anthony Luiso

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Award Plan

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 41 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Boston Scientific Corp

BSX

101137107

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect Ursula M. Burns

MGMT

YES

FOR

1.02 Elect Marye Anne Fox

MGMT

YES

FOR

1.03 Elect N. J. Nicholas, Jr.

MGMT

YES

FOR

1.04 Elect John E. Pepper, Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Camden Property Trust

CPT

133131102

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect Richard J. Campo

MGMT

YES

WHOLD

AGNST

1.02 Elect William R. Cooper

MGMT

YES

WHOLD

AGNST

1.03 Elect George A. Hrdlicka

MGMT

YES

FOR

1.04 Elect Scott S. Ingraham

MGMT

YES

WHOLD

AGNST

1.05 Elect Lewis A. Levey

MGMT

YES

FOR

1.06 Elect D. Keith Oden

MGMT

YES

WHOLD

AGNST

1.07 Elect F. Gardner Parker

MGMT

YES

FOR

1.08 Elect Steven A. Webster

MGMT

YES

FOR

Capital One Financial Corp

COF

14040H105

4/29/2004

Annual

Adviser: JP Morgan

1.01 Elect W. Ronald Dietz

MGMT

YES

FOR

1.02 Elect Lewis Hay III

MGMT

YES

FOR

1.03 Elect Mayo A. Shattuck III

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

Page 42 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

CarrAmerica Realty

CRE

144418100

4/29/2004

Annual

Adviser: JP Morgan

1.01 Elect Thomas A. Carr

MGMT

YES

FOR

1.02 Elect Joan Carter

MGMT

YES

FOR

1.03 Elect Robert E. Torray

MGMT

YES

FOR

1.04 Elect Wesley S. Williams Jr.

MGMT

YES

FOR

1.05 Elect Andrew F. Brimmer

MGMT

YES

FOR

1.06 Elect Philip L. Hawkins

MGMT

YES

FOR

1.07 Elect Timothy Howard

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Cendant Corp

151313103

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect M. Brian Mulroney

MGMT

YES

FOR

1.02 Elect Ronald L. Nelson

MGMT

YES

FOR

1.03 Elect Robert W. Pittman

MGMT

YES

FOR

1.04 Elect Myra J. Biblowit

MGMT

YES

FOR

1.05 Elect Sheli Z. Rosenberg

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

5.00 SP-Cap Executive Pay

SHLDR

YES

AGNST

FOR

Centex Corp

CTX

152312104

2/25/2004

Special

Adviser: JP Morgan

1.00 Increase Authorized Common Stock

MGMT

YES

FOR

2.00 Terminate Nominee Agreement

MGMT

YES

FOR

Page 43 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

ChevronTexaco Corp

CVX

166764100

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Samuel H. Armacost

MGMT

YES

FOR

1.02 Elect Robert E. Denham

MGMT

YES

FOR

1.03 Elect Robert J. Eaton

MGMT

YES

FOR

1.04 Elect Samuel L. Ginn

MGMT

YES

FOR

1.05 Elect Carla A. Hills

MGMT

YES

FOR

1.06 Elect Franklyn G. Jenifer

MGMT

YES

FOR

1.07 Elect J. Bennett Johnston

MGMT

YES

FOR

1.08 Elect Samuel A. Nunn Jr.

MGMT

YES

FOR

1.09 Elect David J. O’Reilly

MGMT

YES

FOR

1.10 Elect Peter J. Robertson

MGMT

YES

FOR

1.11 Elect Charles R. Shoemate

MGMT

YES

FOR

1.12 Elect Carl Ware

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Approve Poison Pill Policy

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

5.00 Review AIDS Pandemic’s Impact on Company

SHLDR

YES

AGNST

FOR

6.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

7.00 Require Majority Vote to Elect Directors

SHLDR

YES

AGNST

FOR

8.00 SP-Control Generation of Pollutants

SHLDR

YES

AGNST

FOR

9.00 SP-Review Energy Efficiency & Renewables

SHLDR

YES

AGNST

FOR

Page 44 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

CISCO SYSTEMS, INC.

CSCO

17275R102

11/11/2003

Annual

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

2.00 Adopt Employee Stock Purchase Plan

MGMT

YES

AGNST

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Misc. Human/Political Rights Proposal

SHLDR

YES

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

CIT Group Inc

CIT

125581108

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect Albert R. Gamper Jr.

MGMT

YES

FOR

1.02 Elect Gary C. Butler

MGMT

YES

FOR

1.03 Elect William A. Farlinger

MGMT

YES

FOR

1.04 Elect William M. Freeman

MGMT

YES

FOR

1.05 Elect Thomas H. Kean

MGMT

YES

FOR

1.06 Elect Edward J. Kelly III

MGMT

YES

FOR

1.07 Elect Marianne Miller Parrs

MGMT

YES

FOR

1.08 Elect Jeffrey M. Peek

MGMT

YES

FOR

1.09 Elect John R. Ryan

MGMT

YES

FOR

1.10 Elect Peter J. Tobin

MGMT

YES

FOR

1.11 Elect Lois M. Van Deusen

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 45 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Citigroup Inc

172967101

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect C. Michael Armstrong

MGMT

YES

FOR

1.02 Elect Alain J.P. Belda

MGMT

YES

FOR

1.03 Elect George David

MGMT

YES

FOR

1.04 Elect Kenneth T. Derr

MGMT

YES

FOR

1.05 Elect John M. Deutch

MGMT

YES

FOR

1.06 Elect Roberto H. Ramirez

MGMT

YES

FOR

1.07 Elect Ann Dibble Jordan

MGMT

YES

FOR

1.08 Elect Dudley C. Mecum II

MGMT

YES

FOR

1.09 Elect Richard D. Parsons

MGMT

YES

FOR

1.10 Elect Andrall E. Pearson

MGMT

YES

FOR

1.11 Elect Charles Prince

MGMT

YES

FOR

1.12 Elect Robert E. Rubin

MGMT

YES

FOR

1.13 Elect Franklin A. Thomas

MGMT

YES

FOR

1.14 Elect Sanford I. Weill

MGMT

YES

FOR

1.15 Elect Robert B. Willumstad

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

4.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

Page 46 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

City National Corp

CYN

178566105

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Russell Goldsmith

MGMT

YES

FOR

1.02 Elect Michael L. Meyer

MGMT

YES

FOR

1.03 Elect Ronald L. Olson

MGMT

YES

WHOLD

AGNST

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Approve Annual Bonus Plan

MGMT

YES

FOR

Page 47 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Coca-Cola Co

191216100

4/21/2004

Annual

Adviser: JP Morgan

1.01 Elect Herbert A. Allen

MGMT

YES

FOR

1.02 Elect Ronald W. Allen

MGMT

YES

FOR

1.03 Elect Cathleen P. Black

MGMT

YES

FOR

1.04 Elect Warren E. Buffett

MGMT

YES

WHOLD

AGNST

1.05 Elect Douglas N. Daft

MGMT

YES

FOR

1.06 Elect Barry Diller

MGMT

YES

FOR

1.07 Elect Donald R. Keough

MGMT

YES

FOR

1.08 Elect Susan B. King

MGMT

YES

FOR

1.09 Elect Maria Elena Lagomasino

MGMT

YES

FOR

1.10 Elect Donald F. McHenry

MGMT

YES

FOR

1.11 Elect Robert L. Nardelli

MGMT

YES

FOR

1.12 Elect Samuel A. Nunn Jr.

MGMT

YES

FOR

1.13 Elect J. Pedro Reinhard

MGMT

YES

FOR

1.14 Elect James D. Robinson III

MGMT

YES

FOR

1.15 Elect Peter V. Ueberroth

MGMT

YES

FOR

1.16 Elect James B. Williams

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Review AIDS Pandemic’s Impact on Company

SHLDR

YES

FOR

4.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

7.00 Shareholder Approval of Deferred Plan

SHLDR

YES

AGNST

FOR

8.00 SP-China—Adopt Code of Conduct

SHLDR

YES

AGNST

FOR

9.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

Page 48 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Compass Bancshares Inc

CBSS

20449H109

4/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Carl J. Gessler Jr.

MGMT

YES

FOR

1.02 Elect D. Paul Jones Jr.

MGMT

YES

FOR

1.03 Elect J. Terry Strange

MGMT

YES

FOR

2.00 Approve Savings Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

ConocoPhillips

COP

20825C104

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect David L. Boren

MGMT

YES

FOR

1.02 Elect James E. Copeland Jr.

MGMT

YES

FOR

1.03 Elect Kenneth M. Duberstein

MGMT

YES

FOR

1.04 Elect Ruth R. Harkin

MGMT

YES

FOR

1.05 Elect William R. Rhodes

MGMT

YES

FOR

1.06 Elect J. Stapleton Roy

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Preserve/Report on Natural Habitat

SHLDR

YES

AGNST

FOR

Page 49 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Consolidated Edison Inc

209115104

5/17/2004

Annual

Adviser: JP Morgan

1.01 Elect Vincent A. Calarco

MGMT

YES

FOR

1.02 Elect George Campbell Jr.

MGMT

YES

FOR

1.03 Elect Gordon J. Davis

MGMT

YES

FOR

1.04 Elect Michael J. Del Giudice

MGMT

YES

FOR

1.05 Elect Joan S. Freilich

MGMT

YES

FOR

1.06 Elect Ellen V. Futter

MGMT

YES

FOR

1.07 Elect Sally Hernandez-Pinero

MGMT

YES

FOR

1.08 Elect Peter W. Likins

MGMT

YES

FOR

1.09 Elect Eugene R. McGrath

MGMT

YES

FOR

1.10 Elect Frederic V. Salerno

MGMT

YES

FOR

1.11 Elect Stephen R. Volk

MGMT

YES

FOR

2.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 SP-Disclose Executive Compensation

SHLDR

YES

FOR

AGNST

Constellation Energy Group Inc

CEG

210371100

5/21/2004

Annual

Adviser: JP Morgan

1.01 Elect James T. Brady

MGMT

YES

FOR

1.02 Elect James R. Curtiss

MGMT

YES

FOR

1.03 Elect Edward J. Kelly III

MGMT

YES

FOR

1.04 Elect Robert J. Lawless

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 50 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Cooper Industries Ltd

CBE

G24182100

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Stephen G. Butler

MGMT

YES

FOR

1.02 Elect Dan F. Smith

MGMT

YES

FOR

1.03 Elect Gerald B. Smith

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 SP-Report on Sustainability

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Countrywide Financial Corp

CFC

222372104

1/9/2004

Special

Adviser: JP Morgan

1.00 Increase Authorized Common Stock

MGMT

YES

FOR

Countrywide Financial Corp

CFC

222372104

6/16/2004

Annual

Adviser: JP Morgan

1.01 Elect Henry Cisneros

MGMT

YES

FOR

1.02 Elect Robert J. Donato

MGMT

YES

FOR

1.03 Elect Michael E. Dougherty

MGMT

YES

FOR

1.04 Elect Martin R. Melone

MGMT

YES

FOR

1.05 Elect Harley W. Snyder

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

Page 51 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

CSX Corp

CSX

126408103

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect Elizabeth E. Bailey

MGMT

YES

FOR

1.02 Elect Robert L. Burrus, Jr.

MGMT

YES

FOR

1.03 Elect Edward J. Kelly III

MGMT

YES

FOR

1.04 Elect Robert D. Kunisch

MGMT

YES

FOR

1.05 Elect Southwood J. Morcott

MGMT

YES

FOR

1.06 Elect David M. Ratcliffe

MGMT

YES

FOR

1.07 Elect Charles E. Rice

MGMT

YES

FOR

1.08 Elect William C. Richardson

MGMT

YES

FOR

1.09 Elect Frank S. Royal

MGMT

YES

FOR

1.10 Elect Donald J. Shepard

MGMT

YES

FOR

1.11 Elect Michael J. Ward

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

5.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

Page 52 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

CVS Corp

CVS

126650100

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect W. Don Cornwell

MGMT

YES

FOR

1.02 Elect Thomas P. Gerrity

MGMT

YES

FOR

1.03 Elect Stanley P. Goldstein

MGMT

YES

FOR

1.04 Elect Marian L. Heard

MGMT

YES

FOR

1.05 Elect William H. Joyce

MGMT

YES

FOR

1.06 Elect Terry R. Lautenbach

MGMT

YES

FOR

1.07 Elect Terrence Murray

MGMT

YES

FOR

1.08 Elect Sheli Z. Rosenberg

MGMT

YES

FOR

1.09 Elect Thomas M. Ryan

MGMT

YES

FOR

2.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

D R Horton Inc

DHI

23331A109

1/29/2004

Annual

Adviser: JP Morgan

1.01 Elect Donald R. Horton

MGMT

YES

FOR

1.02 Elect Bradley S. Anderson

MGMT

YES

FOR

1.03 Elect Michael R. Buchanan

MGMT

YES

FOR

1.04 Elect Richard I. Galland

MGMT

YES

FOR

1.05 Elect Francine I. Neff

MGMT

YES

FOR

1.06 Elect Donald J. Tomnitz

MGMT

YES

FOR

1.07 Elect Bill W. Wheat

MGMT

YES

FOR

2.00 Amend Annual Bonus Plan

MGMT

YES

FOR

3.00 Approve Other Business

MGMT

YES

FOR

Page 53 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Dana Corp

DCN

235811106

4/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Benjamin F. Bailar

MGMT

YES

FOR

1.02 Elect A. Charles Baillie

MGMT

YES

FOR

1.03 Elect David E. Berges

MGMT

YES

FOR

1.04 Elect Michael J. Burns

MGMT

YES

FOR

1.05 Elect Edmund M. Carpenter

MGMT

YES

FOR

1.06 Elect Samir G. Gibara

MGMT

YES

FOR

1.07 Elect Cheryl W. Grise

MGMT

YES

FOR

1.08 Elect Glen H. Hiner

MGMT

YES

FOR

1.09 Elect James P. Kelly

MGMT

YES

FOR

1.10 Elect Marilyn R. Marks

MGMT

YES

FOR

1.11 Elect Richard B. Priory

MGMT

YES

FOR

2.00 Amend Annual Bonus Plan

MGMT

YES

FOR

3.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Amend Stock Option Plan

MGMT

YES

FOR

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

Deere & Co

244199105

2/25/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert W. Lane

MGMT

YES

FOR

1.02 Elect Antonio Madero Bracho

MGMT

YES

FOR

1.03 Elect Aulana L. Peters

MGMT

YES

FOR

1.04 Elect John R. Walter

MGMT

YES

FOR

Page 54 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Devon Energy Corp

DVN

25179M103

6/8/2004

Annual

Adviser: JP Morgan

1.01 Elect Thomas F. Ferguson

MGMT

YES

FOR

1.02 Elect Peter J. Fluor

MGMT

YES

FOR

1.03 Elect David M. Gavrin

MGMT

YES

FOR

1.04 Elect Michael E. Gellert

MGMT

YES

FOR

2.00 SP-Misc. Board Related

SHLDR

YES

FOR

AGNST

Disney (Walt) Co

DIS

254687106

3/3/2004

Annual

Adviser: JP Morgan

1.01 Elect John E. Bryson

MGMT

YES

FOR

1.02 Elect John S. Chen

MGMT

YES

FOR

1.03 Elect Michael D. Eisner

MGMT

YES

WHOLD

AGNST

1.04 Elect Judith L. Estrin

MGMT

YES

FOR

1.05 Elect Robert A. Iger

MGMT

YES

FOR

1.06 Elect Aylwin B. Lewis

MGMT

YES

FOR

1.07 Elect Monica C. Lozano

MGMT

YES

FOR

1.08 Elect Robert W. Matschullat

MGMT

YES

FOR

1.09 Elect George J. Mitchell

MGMT

YES

FOR

1.10 Elect Leo J. O’Donovan

MGMT

YES

FOR

1.11 Elect Gary L. Wilson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-China—Adopt Code of Conduct

SHLDR

YES

AGNST

FOR

4.00 SP-Review Global Labor Practices

SHLDR

YES

FOR

AGNST

5.00 Report on Amusement Park Safety Policy

SHLDR

YES

AGNST

FOR

Page 55 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Dow Chemical

DOW

260543103

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Arnold A. Allemang

MGMT

YES

FOR

1.02 Elect John C. Danforth

MGMT

YES

FOR

1.03 Elect Jeff M. Fettig

MGMT

YES

FOR

1.04 Elect Andrew N. Liveris

MGMT

YES

FOR

1.05 Elect James M. Ringler

MGMT

YES

FOR

1.06 Elect William S. Stavropoulos

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Repeal Classified Board

MGMT

YES

FOR

4.00 SP-Report on Environmental Impact or Plans

SHLDR

YES

AGNST

FOR

Page 56 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Du Pont (E I) de Nemours

263534109

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Alain J.P. Belda

MGMT

YES

FOR

1.02 Elect Richard H. Brown

MGMT

YES

FOR

1.03 Elect Curtis J. Crawford

MGMT

YES

FOR

1.04 Elect John T. Dillon

MGMT

YES

FOR

1.05 Elect Louisa C. Duemling

MGMT

YES

FOR

1.06 Elect Charles O. Holliday Jr.

MGMT

YES

FOR

1.07 Elect Deborah C. Hopkins

MGMT

YES

FOR

1.08 Elect Lois D. Juliber

MGMT

YES

FOR

1.09 Elect Masahisa Naitoh

MGMT

YES

FOR

1.10 Elect William K. Reilly

MGMT

YES

FOR

1.11 Elect H. Rodney Sharp III

MGMT

YES

FOR

1.12 Elect Charles M. Vest

MGMT

YES

FOR

2.00 SP-Disclose Prior Government Service

SHLDR

YES

FOR

AGNST

3.00 SP-Monitor/Adopt ILO Conventions

SHLDR

YES

AGNST

FOR

4.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

Page 57 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Duke Realty Corp

DRE

264411505

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Barrington H. Branch

MGMT

YES

FOR

1.02 Elect Gary A. Burk

MGMT

YES

FOR

1.03 Elect Geoffrey Button

MGMT

YES

FOR

1.04 Elect William Cavanaugh III

MGMT

YES

FOR

1.05 Elect Ngaire E. Cuneo

MGMT

YES

FOR

1.06 Elect Charles R. Eitel

MGMT

YES

FOR

1.07 Elect Thomas L. Hefner

MGMT

YES

FOR

1.08 Elect L. Ben Lytle

MGMT

YES

FOR

1.09 Elect William O. McCoy

MGMT

YES

FOR

1.10 Elect John W. Nelley

MGMT

YES

FOR

1.11 Elect Dennis D. Oklak

MGMT

YES

FOR

1.12 Elect James E. Rogers

MGMT

YES

FOR

1.13 Elect Jack R. Shaw

MGMT

YES

FOR

1.14 Elect Robert J. Woodward

MGMT

YES

FOR

1.15 Elect Darell E. Zink Jr.

MGMT

YES

FOR

2.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

E Trade Financial Corp

269246104

5/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Ronald D. Fisher

MGMT

YES

FOR

1.02 Elect George Hayter

MGMT

YES

FOR

1.03 Elect Donna L. Weaver

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 58 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Eastman Chemical Co

EMN

277432100

5/6/2004

Annual

Adviser: JP Morgan

1.01 Elect Renee J. Hornbaker

MGMT

YES

FOR

1.02 Elect Thomas H. McLain

MGMT

YES

FOR

1.03 Elect Peter M. Wood

MGMT

YES

FOR

2.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

Eaton Corp

ETN

278058102

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Michael J. Critelli

MGMT

YES

FOR

1.02 Elect Ernest Green

MGMT

YES

FOR

1.03 Elect Kiran M. Patel

MGMT

YES

FOR

2.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Edison International

EIX

281020107

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect John E. Bryson

MGMT

YES

FOR

1.02 Elect France A. Cordova

MGMT

YES

FOR

1.03 Elect Bradford M. Freeman

MGMT

YES

FOR

1.04 Elect Bruce Karatz

MGMT

YES

FOR

1.05 Elect Luis G. Nogales

MGMT

YES

FOR

1.06 Elect Ronald L. Olson

MGMT

YES

FOR

1.07 Elect James M. Rosser

MGMT

YES

FOR

1.08 Elect Richard T. Schlosberg III

MGMT

YES

FOR

1.09 Elect Robert H. Smith

MGMT

YES

FOR

1.10 Elect Thomas C. Sutton

MGMT

YES

FOR

2.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

Page 59 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ensco International Inc

ESV

26874Q100

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect David M. Carmichael

MGMT

YES

FOR

1.02 Elect Thomas L. Kelly II

MGMT

YES

FOR

1.03 Elect Rita M. Rodriguez

MGMT

YES

FOR

Entergy Corp

ETR

29364G103

5/14/2004

Annual

Adviser: JP Morgan

1.01 Elect Maureen S. Bateman

MGMT

YES

FOR

1.02 Elect W. Frank Blount

MGMT

YES

FOR

1.03 Elect Simon D. deBree

MGMT

YES

FOR

1.04 Elect Claiborne P. Deming

MGMT

YES

FOR

1.05 Elect Alexis M. Herman

MGMT

YES

FOR

1.06 Elect Donald C. Hintz

MGMT

YES

FOR

1.07 Elect J. Wayne Leonard

MGMT

YES

FOR

1.08 Elect Robert v.d. Luft

MGMT

YES

FOR

1.09 Elect Kathleen A. Murphy

MGMT

YES

FOR

1.10 Elect Paul W. Murrill

MGMT

YES

FOR

1.11 Elect James R. Nichols

MGMT

YES

FOR

1.12 Elect William A. Percy II

MGMT

YES

FOR

1.13 Elect Dennis H. Reilley

MGMT

YES

FOR

1.14 Elect William Clifford Smith

MGMT

YES

FOR

1.15 Elect Bismark A. Steinhagen

MGMT

YES

FOR

1.16 Elect Steven V. Wilkinson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Golden Parachutes

SHLDR

YES

AGNST

4.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 60 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Equity Office Properties Trust

EOP

294741103

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Thomas E. Dobrowski

MGMT

YES

FOR

1.02 Elect William M. Goodyear

MGMT

YES

FOR

1.03 Elect James D. Harper, Jr.

MGMT

YES

FOR

1.04 Elect Richard D. Kincaid

MGMT

YES

FOR

1.05 Elect David K. McKown

MGMT

YES

FOR

1.06 Elect Sheli Z. Rosenberg

MGMT

YES

FOR

1.07 Elect Edwin N. Sidman

MGMT

YES

FOR

1.08 Elect Jan H.W.R. van der Vlist

MGMT

YES

FOR

1.09 Elect Samuel Zell

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Equity Residential

EQR

29476L107

5/28/2004

Annual

Adviser: JP Morgan

1.01 Elect John W. Alexander

MGMT

YES

FOR

1.02 Elect Charles L. Atwood

MGMT

YES

FOR

1.03 Elect Bruce W. Duncan

MGMT

YES

FOR

1.04 Elect Stephen O. Evans

MGMT

YES

FOR

1.05 Elect James D. Harper, Jr.

MGMT

YES

FOR

1.06 Elect Boone A. Knox

MGMT

YES

FOR

1.07 Elect Desiree G. Rogers

MGMT

YES

FOR

1.08 Elect Sheli Z. Rosenberg

MGMT

YES

FOR

1.09 Elect Gerald A. Spector

MGMT

YES

FOR

1.10 Elect B. Joseph White

MGMT

YES

FOR

1.11 Elect Samuel Zell

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 61 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

EW Scripps

SSP

811054204

4/15/2004

Annual

Adviser: JP Morgan

1.01 Elect David A. Galloway

MGMT

YES

FOR

1.02 Elect Nicholas B. Paumgarten

MGMT

YES

WHOLD

AGNST

1.03 Elect Ronald W. Tysoe

MGMT

YES

FOR

1.04 Elect Julie A. Wrigley

MGMT

YES

FOR

Page 62 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Exxon Mobil Corp

XOM

30231G102

5/26/2004

Annual

Adviser: JP Morgan

1.01 Elect Michael J. Boskin

MGMT

YES

FOR

1.02 Elect James R. Houghton

MGMT

YES

FOR

1.03 Elect William R. Howell

MGMT

YES

FOR

1.04 Elect Reatha Clark King

MGMT

YES

FOR

1.05 Elect Philip E. Lippincott

MGMT

YES

FOR

1.06 Elect Harry J. Longwell

MGMT

YES

FOR

1.07 Elect Henry A. McKinnell Jr.

MGMT

YES

FOR

1.08 Elect Marilyn Carlson Nelson

MGMT

YES

FOR

1.09 Elect Lee R. Raymond

MGMT

YES

FOR

1.10 Elect Walter V. Shipley

MGMT

YES

FOR

1.11 Elect Rex W. Tillerson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

4.00 SP-Affirm Political Nonpartisanship

SHLDR

YES

AGNST

FOR

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

6.00 SP-Review Operations’ Impact on Local Groups

SHLDR

YES

AGNST

FOR

7.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

8.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

9.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

10.00 SP-Adopt Sexual Orientation Anti-Bias Policy

SHLDR

YES

FOR

AGNST

11.00 SP-Report or Take Action on Climate Change

SHLDR

YES

AGNST

FOR

Page 63 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Federal Home Loan Mortgage Corp

FRE

313400301

3/31/2004

Annual

Adviser: JP Morgan

1.01 Elect Joan E. Donoghue

MGMT

YES

FOR

1.02 Elect Michelle Engler

MGMT

YES

FOR

1.03 Elect Richard Karl Goeltz

MGMT

YES

FOR

1.04 Elect George D. Gould

MGMT

YES

FOR

1.05 Elect Henry Kaufman

MGMT

YES

FOR

1.06 Elect John B. McCoy

MGMT

YES

FOR

1.07 Elect Shaun F. O’Malley

MGMT

YES

FOR

1.08 Elect Ronald F. Poe

MGMT

YES

FOR

1.09 Elect Stephen A. Ross

MGMT

YES

FOR

1.10 Elect Donald J. Schuenke

MGMT

YES

FOR

1.11 Elect Christina Seix

MGMT

YES

FOR

1.12 Elect Richard F. Syron

MGMT

YES

FOR

1.13 Elect William J. Turner

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Federated Dept Stores

31410H101

5/21/2004

Annual

Adviser: JP Morgan

1.01 Elect Sara L. Levinson

MGMT

YES

WHOLD

AGNST

1.02 Elect Joseph Neubauer

MGMT

YES

WHOLD

AGNST

1.03 Elect Joseph A. Pichler

MGMT

YES

WHOLD

AGNST

1.04 Elect Karl M. von der Heyden

MGMT

YES

WHOLD

AGNST

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

Page 64 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

First Data Corp

FDC

319963104

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Henry C. Duques

MGMT

YES

FOR

1.02 Elect Charles T. Fote

MGMT

YES

FOR

1.03 Elect Richard P. Kiphart

MGMT

YES

FOR

1.04 Elect Joan E. Spero

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

FIRST DATA CORPORATION

FDC

319963104

10/28/2003

Special

Adviser: JP Morgan

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

First Horizon National Corp

FHN

320517105

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert C. Blattberg

MGMT

YES

FOR

1.02 Elect J. Kenneth Glass

MGMT

YES

FOR

1.03 Elect Michael D. Rose

MGMT

YES

FOR

1.04 Elect Luke Yancy III

MGMT

YES

WHOLD

AGNST

2.00 Approve Name Change

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

FleetBoston Financial Corp

FBF

339030108

3/17/2004

Special

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.00 Adjourn Meeting

MGMT

YES

FOR

Page 65 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ford Motor Co

345370860

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect John R. H. Bond

MGMT

YES

WHOLD

AGNST

1.02 Elect Stephen G. Butler

MGMT

YES

FOR

1.03 Elect Kimberly A. Casiano

MGMT

YES

FOR

1.04 Elect Edsel B. Ford II

MGMT

YES

FOR

1.05 Elect William Clay Ford

MGMT

YES

FOR

1.06 Elect William Clay Ford Jr.

MGMT

YES

FOR

1.07 Elect Irvine O. Hockaday, Jr.

MGMT

YES

FOR

1.08 Elect Marie-Josee Kravis

MGMT

YES

FOR

1.09 Elect Richard A. Manoogian

MGMT

YES

FOR

1.10 Elect Ellen R. Marram

MGMT

YES

FOR

1.11 Elect Homer A. Neal

MGMT

YES

FOR

1.12 Elect Jorma J. Ollila

MGMT

YES

FOR

1.13 Elect Carl E. Reichardt

MGMT

YES

FOR

1.14 Elect Robert E. Rubin

MGMT

YES

WHOLD

AGNST

1.15 Elect Nicholas V. Scheele

MGMT

YES

FOR

1.16 Elect John L. Thornton

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Disclose Executive Compensation

SHLDR

YES

FOR

AGNST

4.00 Investigate Family/Company Relationships

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Increase Board Independence

SHLDR

YES

AGNST

FOR

7.00 SP-Report or Take Action on Climate Change

SHLDR

YES

AGNST

FOR

Page 66 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Fortune Brands Inc

349631101

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Anne M. Tatlock

MGMT

YES

WHOLD

AGNST

1.02 Elect Norman H. Wesley

MGMT

YES

WHOLD

AGNST

1.03 Elect Peter M. Wilson

MGMT

YES

WHOLD

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

FOX ENTERTAINMENT GROUP, INC.

FOX

35138T107

11/25/2003

Annual

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 67 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

FPL Group Inc

FPL

302571104

5/21/2004

Annual

Adviser: JP Morgan

1.01 Elect H. Jesse Arnelle

MGMT

YES

FOR

1.02 Elect Sherry S. Barrat

MGMT

YES

FOR

1.03 Elect Robert M. Beall II

MGMT

YES

FOR

1.04 Elect J. Hyatt Brown

MGMT

YES

FOR

1.05 Elect James L. Camaren

MGMT

YES

FOR

1.06 Elect Lewis Hay III

MGMT

YES

FOR

1.07 Elect Frederic V. Malek

MGMT

YES

FOR

1.08 Elect Michael H. Thaman

MGMT

YES

FOR

1.09 Elect Paul R. Tregurtha

MGMT

YES

FOR

1.10 Elect Frank G. Zarb

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

5.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

6.00 Increase Authorized Common Stock

MGMT

YES

FOR

Gannett Co

GCI

364730101

5/4/2004

Annual

Adviser: JP Morgan

1.01 Elect James A. Johnson

MGMT

YES

FOR

1.02 Elect Douglas H. McCorkindale

MGMT

YES

FOR

1.03 Elect Stephen P. Munn

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

AGNST

3.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

4.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

Page 68 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Gap Inc

GPS

364760108

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect Adrian D.P. Bellamy

MGMT

YES

FOR

1.02 Elect Donald G. Fisher

MGMT

YES

FOR

1.03 Elect Doris F. Fisher

MGMT

YES

FOR

1.04 Elect Robert J. Fisher

MGMT

YES

FOR

1.05 Elect Glenda A. Hatchett

MGMT

YES

FOR

1.06 Elect Penelope L. Hughes

MGMT

YES

FOR

1.07 Elect Bob L. Martin

MGMT

YES

FOR

1.08 Elect Jorge P. Montoya

MGMT

YES

FOR

1.09 Elect Paul S. Pressler

MGMT

YES

FOR

1.10 Elect James M. Schneider

MGMT

YES

FOR

1.11 Elect Mayo A. Shattuck III

MGMT

YES

FOR

1.12 Elect Howard P. Behar

MGMT

YES

FOR

1.13 Elect Margaret C. Whitman

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Annual Bonus Plan

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 69 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

General Motors Corp

370442105

6/2/2004

Annual

Adviser: JP Morgan

1.01 Elect Percy N. Barnevik

MGMT

YES

FOR

1.02 Elect John H. Bryan

MGMT

YES

FOR

1.03 Elect Armando M. Codina

MGMT

YES

FOR

1.04 Elect George M.C. Fisher

MGMT

YES

FOR

1.05 Elect Karen Katen

MGMT

YES

FOR

1.06 Elect Kent Kresa

MGMT

YES

FOR

1.07 Elect Alan G. Lafley

MGMT

YES

FOR

1.08 Elect Philip A. Laskawy

MGMT

YES

FOR

1.09 Elect E. Stanley O’Neal

MGMT

YES

FOR

1.10 Elect Eckhard Pfeiffer

MGMT

YES

FOR

1.11 Elect G. Richard Wagoner Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

5.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

6.00 SP-Increase Key Committee Independence

SHLDR

YES

AGNST

FOR

7.00 SP-Report or Take Action on Climate Change

SHLDR

YES

AGNST

FOR

8.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

9.00 Require Option Shares to Be Held

SHLDR

YES

AGNST

FOR

Page 70 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

GENERAL MOTORS CORPORATION

370442105

10/3/2003

Special

Adviser: JP Morgan

1.00 Approve Non-Technical Charter Amendm

MGMT

YES

FOR

2.00 Ratify Spin-Off Company Charter

MGMT

YES

FOR

3.00 Approve Spin-off

MGMT

YES

FOR

4.00 Approve Sale of Assets

MGMT

YES

FOR

5.00 Approve Sale of Assets

MGMT

YES

FOR

6.00 Eliminate Dual Class Stock

MGMT

YES

FOR

Page 71 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

Georgia-Pacific Corp

373298108

5/4/2004

Annual

Adviser: JP Morgan

1.01 Elect Barbara L. Bowles

MGMT

YES

WHOLD

AGNST

1.02 Elect Donald V. Fites

MGMT

YES

WHOLD

AGNST

1.03 Elect David R. Goode

MGMT

YES

WHOLD

AGNST

1.04 Elect Karen N. Horn

MGMT

YES

FOR

1.05 Elect William R. Johnson

MGMT

YES

FOR

1.06 Elect James B. Williams

MGMT

YES

WHOLD

AGNST

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 72 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Gilead Sciences Inc

GILD

375558103

5/25/2004

Annual

Adviser: JP Morgan

1.01 Elect Paul Berg

MGMT

YES

FOR

1.02 Elect Etienne Davignon

MGMT

YES

FOR

1.03 Elect James M. Denny

MGMT

YES

FOR

1.04 Elect John C. Martin

MGMT

YES

FOR

1.05 Elect Gordon E. Moore

MGMT

YES

FOR

1.06 Elect Nicholas G. Moore

MGMT

YES

FOR

1.07 Elect George P. Shultz

MGMT

YES

FOR

1.08 Elect Gayle E. Wilson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Increase Authorized Common Stock

MGMT

YES

FOR

Gillette Co

375766102

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Edward F. DeGraan

MGMT

YES

WHOLD

AGNST

1.02 Elect Wilbur H. Gantz

MGMT

YES

WHOLD

AGNST

1.03 Elect James M. Kilts

MGMT

YES

WHOLD

AGNST

1.04 Elect Jorge Paulo Lemann

MGMT

YES

WHOLD

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

5.00 SP-Limit Consulting by Auditors

SHLDR

YES

AGNST

FOR

6.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

Page 73 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Goldman Sachs Group Inc

38141G104

3/31/2004

Annual

Adviser: JP Morgan

1.01 Elect John P. Browne of Madingley

MGMT

YES

FOR

1.02 Elect Claes Dahlback

MGMT

YES

FOR

1.03 Elect James A. Johnson

MGMT

YES

FOR

1.04 Elect Lois D. Juliber

MGMT

YES

FOR

1.05 Elect Lloyd C. Blankfein

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

Grainger (W W) Inc

GWW

384802104

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Brian P. Anderson

MGMT

YES

FOR

1.02 Elect Wesley M. Clark

MGMT

YES

FOR

1.03 Elect Wilbur H. Gantz

MGMT

YES

FOR

1.04 Elect David W. Grainger

MGMT

YES

FOR

1.05 Elect Richard L. Keyser

MGMT

YES

FOR

1.06 Elect Frederick A. Krehbiel

MGMT

YES

FOR

1.07 Elect John W. McCarter Jr.

MGMT

YES

FOR

1.08 Elect Neil S. Novich

MGMT

YES

FOR

1.09 Elect James D. Slavik

MGMT

YES

FOR

1.10 Elect Harold B. Smith

MGMT

YES

FOR

1.11 Elect Janiece S. Webb

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 74 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

GreenPoint Financial Corp

GPT

395384100

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Bharat B. Bhatt

MGMT

YES

FOR

1.02 Elect J. Thomas Presby

MGMT

YES

FOR

1.03 Elect Robert F. Vizza

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Guidant Corp

GDT

401698105

5/18/2004

Annual

Adviser: JP Morgan

1.01 Elect Maurice A. Cox Jr.

MGMT

YES

FOR

1.02 Elect Nancy-Ann DeParle

MGMT

YES

FOR

1.03 Elect Ronald W. Dollens

MGMT

YES

FOR

1.04 Elect Enrique C. Falla

MGMT

YES

FOR

1.05 Elect Kristina M. Johnson

MGMT

YES

FOR

2.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

Harley-Davidson Inc

HDI

412822108

4/24/2004

Annual

Adviser: JP Morgan

1.01 Elect Barry K. Allen

MGMT

YES

FOR

1.02 Elect Richard I. Beattie

MGMT

YES

FOR

2.00 Amend Annual Bonus Plan

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 75 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Hartford Financial Services Group Inc

HIG

416515104

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Ramani Ayer

MGMT

YES

FOR

1.02 Elect Ronald E. Ferguson

MGMT

YES

FOR

1.03 Elect Edward J. Kelly III

MGMT

YES

FOR

1.04 Elect Paul G. Kirk Jr.

MGMT

YES

FOR

1.05 Elect Thomas M. Marra

MGMT

YES

FOR

1.06 Elect Gail J. McGovern

MGMT

YES

FOR

1.07 Elect Robert W. Selander

MGMT

YES

FOR

1.08 Elect Charles B. Strauss

MGMT

YES

FOR

1.09 Elect H. Patrick Swygert

MGMT

YES

FOR

1.10 Elect Gordon I. Ulmer

MGMT

YES

FOR

1.11 Elect David K. Zwiener

MGMT

YES

FOR

2.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

Page 76 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Hasbro Inc

HAS

418056107

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Alan R. Batkin

MGMT

YES

FOR

1.02 Elect Frank J. Biondi Jr.

MGMT

YES

FOR

1.03 Elect John M. Connors Jr.

MGMT

YES

FOR

1.04 Elect Jack M. Greenberg

MGMT

YES

FOR

1.05 Elect Alan G. Hassenfeld

MGMT

YES

FOR

1.06 Elect Claudine B. Malone

MGMT

YES

FOR

1.07 Elect Edward M. Philip

MGMT

YES

FOR

1.08 Elect Paula Stern

MGMT

YES

FOR

1.09 Elect Alfred J. Verrecchia

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Monitor/Adopt ILO Conventions

SHLDR

YES

AGNST

FOR

Page 77 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

HCA Inc

HCA

404119109

5/27/2004

Annual

Adviser: JP Morgan

1.01 Elect C. Michael Armstrong

MGMT

YES

FOR

1.02 Elect Magdalena Averhoff

MGMT

YES

FOR

1.03 Elect Jack O. Bovender Jr.

MGMT

YES

FOR

1.04 Elect Richard M. Bracken

MGMT

YES

FOR

1.05 Elect Martin S. Feldstein

MGMT

YES

FOR

1.06 Elect Thomas F. Frist Jr.

MGMT

YES

FOR

1.07 Elect Frederick W. Gluck

MGMT

YES

FOR

1.08 Elect Glenda A. Hatchett

MGMT

YES

FOR

1.09 Elect Charles O. Holliday Jr.

MGMT

YES

FOR

1.10 Elect T. Michael Long

MGMT

YES

FOR

1.11 Elect John H. McArthur

MGMT

YES

FOR

1.12 Elect Kent C. Nelson

MGMT

YES

FOR

1.13 Elect Frank S. Royal

MGMT

YES

FOR

1.14 Elect Harold T. Shapiro

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Employee Stock Purchase Plan

MGMT

YES

FOR

Page 78 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Hershey Foods Corp

HSY

427866108

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Jon A. Boscia

MGMT

YES

FOR

1.02 Elect Robert H. Campbell

MGMT

YES

FOR

1.03 Elect Robert F. Cavanaugh

MGMT

YES

FOR

1.04 Elect Gary P. Coughlan

MGMT

YES

FOR

1.05 Elect Harriet Edelman

MGMT

YES

FOR

1.06 Elect Bonnie Guiton Hill

MGMT

YES

FOR

1.07 Elect Richard H. Lenny

MGMT

YES

FOR

1.08 Elect Mackey J. McDonald

MGMT

YES

FOR

1.09 Elect Marie J. Toulantis

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Hewlett-Packard Co

HPQ

428236103

3/17/2004

Annual

Adviser: JP Morgan

1.01 Elect Lawrence T. Babbio Jr.

MGMT

YES

FOR

1.02 Elect Patricia C. Dunn

MGMT

YES

FOR

1.03 Elect Carleton S. Fiorina

MGMT

YES

FOR

1.04 Elect Richard A. Hackborn

MGMT

YES

FOR

1.05 Elect George A. Keyworth II

MGMT

YES

FOR

1.06 Elect Robert E. Knowling Jr.

MGMT

YES

FOR

1.07 Elect Sanford M. Litvack

MGMT

YES

WHOLD

AGNST

1.08 Elect Robert L. Ryan

MGMT

YES

FOR

1.09 Elect Lucille S. Salhany

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

4.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

Page 79 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Hibernia Corp

HIB

428656102

4/21/2004

Annual

Adviser: JP Morgan

1.01 Elect E. R. Campbell

MGMT

YES

FOR

1.02 Elect Richard W. Freeman Jr.

MGMT

YES

FOR

1.03 Elect Randall E. Howard

MGMT

YES

FOR

1.04 Elect Elton R. King

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Highwoods Properties Inc

HIW

431284108

5/18/2004

Annual

Adviser: JP Morgan

1.01 Elect Edward J. Fritsch

MGMT

YES

FOR

1.02 Elect Lawrence S. Kaplan

MGMT

YES

FOR

1.03 Elect L. Glenn Orr Jr.

MGMT

YES

FOR

1.04 Elect William E. Graham Jr.

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 80 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Home Depot Inc

437076102

5/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Gregory D. Brenneman

MGMT

YES

FOR

1.02 Elect Richard H. Brown

MGMT

YES

FOR

1.03 Elect John L. Clendenin

MGMT

YES

FOR

1.04 Elect Berry R. Cox

MGMT

YES

FOR

1.05 Elect Claudio X. Gonzalez Laporte

MGMT

YES

WHOLD

AGNST

1.06 Elect Milledge A. Hart III

MGMT

YES

FOR

1.07 Elect Bonnie Guiton Hill

MGMT

YES

FOR

1.08 Elect Kenneth G. Langone

MGMT

YES

FOR

1.09 Elect Robert L. Nardelli

MGMT

YES

FOR

1.10 Elect Roger S. Penske

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

6.00 SP-Monitor/Adopt ILO Conventions

SHLDR

YES

AGNST

FOR

7.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

8.00 Require Majority Vote to Elect Directors

MGMT

YES

AGNST

Page 81 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Honeywell International Inc

HON

438516106

4/26/2004

Annual

Adviser: JP Morgan

1.01 Elect James J. Howard

MGMT

YES

WHOLD

AGNST

1.02 Elect Bruce Karatz

MGMT

YES

WHOLD

AGNST

1.03 Elect Russell E. Palmer

MGMT

YES

WHOLD

AGNST

1.04 Elect Ivan G. Seidenberg

MGMT

YES

WHOLD

AGNST

1.05 Elect Eric K. Shinseki

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

4.00 SP-Eliminate Supermajority Provision

SHLDR

YES

FOR

AGNST

5.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

6.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

7.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

Human Genome Sciences Inc

HGSI

444903108

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Richard J. Danzig

MGMT

YES

FOR

1.02 Elect Jurgen Drews

MGMT

YES

FOR

1.03 Elect Kathryn E. Falberg

MGMT

YES

FOR

1.04 Elect Argeris N. (Jerry) Karabelas

MGMT

YES

WHOLD

AGNST

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

4.00 Amend Director Stock Option Plan

MGMT

YES

FOR

5.00 Amend Stock Option Plan

MGMT

YES

FOR

Page 82 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Illinois Tool Works

ITW

452308109

5/7/2004

Annual

Adviser: JP Morgan

1.01 Elect William F. Aldinger III

MGMT

YES

FOR

1.02 Elect Michael J. Birck

MGMT

YES

FOR

1.03 Elect Marvin D. Brailsford

MGMT

YES

FOR

1.04 Elect James R. Cantalupo

MGMT

YES

FOR

1.05 Elect Susan Crown

MGMT

YES

FOR

1.06 Elect Don H. Davis Jr.

MGMT

YES

FOR

1.07 Elect W. James Farrell

MGMT

YES

FOR

1.08 Elect Robert C. McCormack

MGMT

YES

FOR

1.09 Elect Robert S. Morrison

MGMT

YES

FOR

1.10 Elect Harold B. Smith

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Ingersoll-Rand Co Ltd

G4776G101

6/2/2004

Annual

Adviser: JP Morgan

1.01 Elect Peter C. Godsoe

MGMT

YES

FOR

1.02 Elect Constance J. Horner

MGMT

YES

FOR

1.03 Elect Orin R. Smith

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Approve Non-Technical Bylaw Amendments

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

6.00 SP-Reincorporation

SHLDR

YES

AGNST

FOR

7.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

Page 83 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

International Business Machines Corp

IBM

459200101

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Cathleen P. Black

MGMT

YES

FOR

1.02 Elect Kenneth I. Chenault

MGMT

YES

FOR

1.03 Elect Carlos Ghosn

MGMT

YES

FOR

1.04 Elect Nannerl O. Keohane

MGMT

YES

FOR

1.05 Elect Charles F. Knight

MGMT

YES

FOR

1.06 Elect Lucio A. Noto

MGMT

YES

FOR

1.07 Elect Samuel J. Palmisano

MGMT

YES

FOR

1.08 Elect John B. Slaughter

MGMT

YES

FOR

1.09 Elect Joan E. Spero

MGMT

YES

FOR

1.10 Elect Sidney Taurel

MGMT

YES

FOR

1.11 Elect Charles M. Vest

MGMT

YES

FOR

1.12 Elect Lorenzo H. Zambrano Trevino

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Ratify Auditors for Business Unit

MGMT

YES

FOR

4.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

5.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

6.00 Provide Pension Choices

SHLDR

YES

AGNST

FOR

7.00 SP-Pension Fund Surplus

SHLDR

YES

FOR

AGNST

8.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

9.00 SP-Disclose Executive Compensation

SHLDR

YES

AGNST

FOR

10.00 SP-China—Adopt Code of Conduct

SHLDR

YES

AGNST

FOR

11.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

12.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 84 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Intersil Corp

ISIL

46069S109

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect Gregory L. Williams

MGMT

YES

FOR

1.02 Elect Richard M. Beyer

MGMT

YES

FOR

1.03 Elect Robert W. Conn

MGMT

YES

FOR

1.04 Elect James V. Diller

MGMT

YES

FOR

1.05 Elect Gary E. Gist

MGMT

YES

FOR

1.06 Elect Jan Peeters

MGMT

YES

FOR

1.07 Elect Robert N. Pokelwaldt

MGMT

YES

FOR

1.08 Elect James A. Urry

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

ITT Industries Inc

ITT

450911102

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect Louis J. Giuliano

MGMT

YES

FOR

1.02 Elect Curtis J. Crawford

MGMT

YES

FOR

1.03 Elect Christina A. Gold

MGMT

YES

FOR

1.04 Elect Ralph F. Hake

MGMT

YES

FOR

1.05 Elect John J. Hamre

MGMT

YES

FOR

1.06 Elect Raymond W. LeBoeuf

MGMT

YES

FOR

1.07 Elect Frank T. MacInnis

MGMT

YES

FOR

1.08 Elect Linda S. Sanford

MGMT

YES

FOR

1.09 Elect Markos I. Tambakeras

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 85 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Janus Capital Group Inc

JNS

47102X105

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect G. Andrew Cox

MGMT

YES

FOR

1.02 Elect James P. Craig

MGMT

YES

FOR

1.03 Elect Deborah R. Gatzek

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Johnson Controls Inc

JCI

478366107

1/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert L. Barnett

MGMT

YES

FOR

1.02 Elect Willie D. Davis

MGMT

YES

FOR

1.03 Elect Jeffrey A. Joerres

MGMT

YES

FOR

1.04 Elect Richard F. Teerlink

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

4.00 Amend Annual Bonus Plan

MGMT

YES

FOR

5.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

6.00 Add Shares to Stock Award Plan

MGMT

YES

FOR

Page 86 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Jones Apparel Group Inc

JNY

480074103

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Peter Boneparth

MGMT

YES

FOR

1.02 Elect Sidney Kimmel

MGMT

YES

FOR

1.03 Elect Geraldine Stutz

MGMT

YES

FOR

1.04 Elect Howard Gittis

MGMT

YES

FOR

1.05 Elect Anthony F. Scarpa

MGMT

YES

FOR

1.06 Elect Matthew H. Kamens

MGMT

YES

FOR

1.07 Elect Michael L. Tarnopol

MGMT

YES

FOR

1.08 Elect J. Robert Kerrey

MGMT

YES

FOR

1.09 Elect Ann N. Reese

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

Juniper Networks Inc

JNPR

48203R104

4/16/2004

Special

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

Juniper Networks Inc

JNPR

48203R104

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Pradeep Sindhu

MGMT

YES

FOR

1.02 Elect Robert M. Calderoni

MGMT

YES

FOR

1.03 Elect Kenneth Levy

MGMT

YES

WHOLD

AGNST

2.00 Elect Directors

MGMT

YES

FOR

Page 87 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

KB Home

KBH

48666K109

4/1/2004

Annual

Adviser: JP Morgan

1.01 Elect Ronald W. Burkle

MGMT

YES

FOR

1.02 Elect Ray R. Irani

MGMT

YES

FOR

1.03 Elect Leslie Moonves

MGMT

YES

FOR

1.04 Elect Luis G. Nogales

MGMT

YES

FOR

1.05 Elect Melissa Lora

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Kellogg Co

487836108

4/23/2004

Annual

Adviser: JP Morgan

1.01 Elect Benjamin S. Carson

MGMT

YES

FOR

1.02 Elect Gordon Gund

MGMT

YES

FOR

1.03 Elect Dorothy A. Johnson

MGMT

YES

FOR

1.04 Elect Ann McLaughlin Korologos

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review or Curb Bioengineering

SHLDR

YES

AGNST

FOR

KeyCorp

KEY

493267108

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Alexander M. Cutler

MGMT

YES

FOR

1.02 Elect Douglas J. McGregor

MGMT

YES

FOR

1.03 Elect Eduardo R. Menasce

MGMT

YES

FOR

1.04 Elect Henry L. Meyer III

MGMT

YES

FOR

1.05 Elect Peter G. Ten Eyck II

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Approve Annual Bonus Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 88 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Knight-Ridder Inc

KRI

499040103

5/4/2004

Annual

Adviser: JP Morgan

1.01 Elect Mark A. Ernst

MGMT

YES

FOR

1.02 Elect Kathleen F. Feldstein

MGMT

YES

FOR

1.03 Elect Thomas P. Gerrity

MGMT

YES

FOR

1.04 Elect Gonzalo F. Valdes-Fauli

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Kohl’s Corp

KSS

500255104

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Wayne R. Embry

MGMT

YES

FOR

1.02 Elect John F. Herma

MGMT

YES

WHOLD

AGNST

1.03 Elect R. Lawrence Montgomery

MGMT

YES

WHOLD

AGNST

1.04 Elect Frank V. Sica

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

4.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

Page 89 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Kraft Foods Inc

KFT

50075N104

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Loius C. Camilleri

MGMT

YES

WHOLD

AGNST

1.02 Elect Roger K. Deromedi

MGMT

YES

WHOLD

AGNST

1.03 Elect Dinyar S. Devitre

MGMT

YES

WHOLD

AGNST

1.04 Elect W. James Farrell

MGMT

YES

FOR

1.05 Elect Betsy D. Holden

MGMT

YES

WHOLD

AGNST

1.06 Elect John C. Pope

MGMT

YES

FOR

1.07 Elect Mary L. Shapiro

MGMT

YES

FOR

1.08 Elect Charles R. Wall

MGMT

YES

WHOLD

AGNST

1.09 Elect Deborah C. Wright

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

WHOLD

AGNST

Lear Corp

LEA

521865105

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Larry W. McCurdy

MGMT

YES

FOR

1.02 Elect Roy E. Parrott

MGMT

YES

FOR

1.03 Elect Richard F. Wallman

MGMT

YES

FOR

2.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

Lennar Corp

LEN

526057104

3/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Irving Bolotin

MGMT

YES

WHOLD

AGNST

1.02 Elect R. Kirk Landon

MGMT

YES

FOR

1.03 Elect Donna E. Shalala

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

WHOLD

AGNST

Page 90 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lexmark International Inc

LXK

529771107

4/22/2004

Annual

Adviser: JP Morgan

1.01 Elect Frank T. Cary

MGMT

YES

FOR

1.02 Elect Paul J. Curlander

MGMT

YES

FOR

1.03 Elect Martin D. Walker

MGMT

YES

FOR

1.04 Elect James F. Hardymon

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Liberty Media Corp

530718105

6/9/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert R. Bennett

MGMT

YES

WHOLD

AGNST

1.02 Elect Paul A. Gould

MGMT

YES

FOR

1.03 Elect John C. Malone

MGMT

YES

WHOLD

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Lilly (Eli) & Co

LLY

532457108

4/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Steven C. Beering

MGMT

YES

FOR

1.02 Elect Winfried F.W. Bischoff

MGMT

YES

FOR

1.03 Elect Franklyn G. Prendergast

MGMT

YES

FOR

1.04 Elect Kathi P. Seifert

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Approve Annual Bonus Plan

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

5.00 SP-Review Drug Pricing or Distribution

SHLDR

YES

AGNST

FOR

Page 91 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lockheed Martin Corp

LMT

539830109

4/22/2004

Annual

Adviser: JP Morgan

1.01 Elect E.C. Aldridge, Jr.

MGMT

YES

FOR

1.02 Elect Nolan D. Archibald

MGMT

YES

FOR

1.03 Elect Norman R. Augustine

MGMT

YES

WHOLD

AGNST

1.04 Elect Marcus C. Bennett

MGMT

YES

FOR

1.05 Elect Vance D. Coffman

MGMT

YES

FOR

1.06 Elect Gwendolyn S. King

MGMT

YES

FOR

1.07 Elect Douglas H. McCorkindale

MGMT

YES

FOR

1.08 Elect Eugene F. Murphy

MGMT

YES

FOR

1.09 Elect Joseph W. Ralston

MGMT

YES

WHOLD

AGNST

1.10 Elect Frank Savage

MGMT

YES

FOR

1.11 Elect Anne Stevens

MGMT

YES

WHOLD

AGNST

1.12 Elect Robert J. Stevens

MGMT

YES

FOR

1.13 Elect James R. Ukropina

MGMT

YES

FOR

1.14 Elect Douglas C. Yearley

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Disclose Prior Government Service

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

5.00 SP-Limit Consulting by Auditors

SHLDR

YES

AGNST

FOR

6.00 SP-Review Military Contracting Criteria

SHLDR

YES

AGNST

FOR

Page 92 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lucent Technologies Inc

549463107

2/18/2004

Annual

Adviser: JP Morgan

1.01 Elect Karl J. Krapek

MGMT

YES

FOR

1.02 Elect Patricia F. Russo

MGMT

YES

FOR

1.03 Elect Henry B. Schacht

MGMT

YES

FOR

1.04 Elect Franklin A. Thomas

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

4.00 Approve Reverse Stock Split

MGMT

YES

FOR

5.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

6.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

Mack Cali Realty Corp

CLI

554489104

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Alan S. Bernikow

MGMT

YES

FOR

1.02 Elect Martin D. Gruss

MGMT

YES

FOR

1.03 Elect Vincent S. Tese

MGMT

YES

FOR

1.04 Elect Roy J. Zuckerberg

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 SP-Misc. Shareholder

SHLDR

YES

FOR

AGNST

Marriott International Inc

MAR

571903202

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Lawrence W. Kellner

MGMT

YES

FOR

1.02 Elect John W. Marriott III

MGMT

YES

FOR

1.03 Elect Harry J. Pearce

MGMT

YES

FOR

2.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

Page 93 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Marshall & Ilsley Corp

571834100

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Jon F. Chait

MGMT

YES

FOR

1.02 Elect Bruce E. Jacobs

MGMT

YES

FOR

1.03 Elect Dennis J. Kuester

MGMT

YES

FOR

1.04 Elect Edward L. Meyer Jr.

MGMT

YES

FOR

1.05 Elect San W. Orr Jr.

MGMT

YES

FOR

1.06 Elect Debra S. Waller

MGMT

YES

FOR

1.07 Elect George E. Wardeberg

MGMT

YES

FOR

Masco Corp

MAS

574599106

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect Peter A. Dow

MGMT

YES

FOR

1.02 Elect Anthony F. Earley Jr.

MGMT

YES

FOR

1.03 Elect Wayne B. Lyon

MGMT

YES

FOR

1.04 Elect David L. Johnston

MGMT

YES

FOR

1.05 Elect J. Michael Losh

MGMT

YES

FOR

2.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 94 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Mattel Inc

MAT

577081102

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Eugene P. Beard

MGMT

YES

FOR

1.02 Elect Michael J. Dolan

MGMT

YES

FOR

1.03 Elect Robert A. Eckert

MGMT

YES

FOR

1.04 Elect Tully M. Friedman

MGMT

YES

FOR

1.05 Elect Ronald M. Loeb

MGMT

YES

FOR

1.06 Elect Andrea L. Rich

MGMT

YES

FOR

1.07 Elect Ronald L. Sargent

MGMT

YES

FOR

1.08 Elect Christopher A. Sinclair

MGMT

YES

FOR

1.09 Elect G. Craig Sullivan

MGMT

YES

FOR

1.10 Elect John L. Vogelstein

MGMT

YES

FOR

1.11 Elect Kathy Brittain White

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

4.00 SP-Limit Consulting by Auditors

SHLDR

YES

AGNST

FOR

May Department Stores Co

MAY

577778103

5/21/2004

Annual

Adviser: JP Morgan

1.01 Elect Eugene S. Kahn

MGMT

YES

WHOLD

AGNST

1.02 Elect Helene L. Kaplan

MGMT

YES

WHOLD

AGNST

1.03 Elect James M. Kilts

MGMT

YES

WHOLD

AGNST

1.04 Elect Russell E. Palmer

MGMT

YES

FOR

1.05 Elect William P. Stiritz

MGMT

YES

WHOLD

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Annual Bonus Plan

MGMT

YES

FOR

4.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

5.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

Page 95 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

MBIA Inc

MBI

55262C100

5/6/2004

Annual

Adviser: JP Morgan

1.01 Elect Joseph W. Brown

MGMT

YES

FOR

1.02 Elect C. Edward Chaplin

MGMT

YES

FOR

1.03 Elect David C. Clapp

MGMT

YES

FOR

1.04 Elect Gary C. Dunton

MGMT

YES

FOR

1.05 Elect Claire L. Gaudiani

MGMT

YES

FOR

1.06 Elect Freda S. Johnson

MGMT

YES

FOR

1.07 Elect Daniel P. Kearney

MGMT

YES

FOR

1.08 Elect James A. Lebenthal

MGMT

YES

FOR

1.09 Elect Debra J. Perry

MGMT

YES

FOR

1.10 Elect John A. Rolls

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

MBNA Corp

KRB

55262L100

5/3/2004

Annual

Adviser: JP Morgan

1.01 Elect James H. Berick

MGMT

YES

WHOLD

AGNST

1.02 Elect Benjamin R. Civiletti

MGMT

YES

WHOLD

AGNST

1.03 Elect Bruce L. Hammonds

MGMT

YES

WHOLD

AGNST

1.04 Elect William L. Jews

MGMT

YES

FOR

1.05 Elect Randolph D. Lerner

MGMT

YES

WHOLD

AGNST

1.06 Elect Stuart L. Markowitz

MGMT

YES

FOR

1.07 Elect William B. Milstead

MGMT

YES

FOR

2.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

3.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

4.00 SP-Increase Board Independence

SHLDR

YES

FOR

AGNST

Page 96 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

McDonald’s Corp

MCD

580135101

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Edward A. Brennan

MGMT

YES

FOR

1.02 Elect Walter E. Massey

MGMT

YES

FOR

1.03 Elect John W. Rogers Jr.

MGMT

YES

FOR

1.04 Elect Anne-Marie Slaughter

MGMT

YES

FOR

1.05 Elect Roger W. Stone

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

4.00 Approve Annual Bonus Plan

MGMT

YES

FOR

4.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

MedImmune Inc

MEDI

584699102

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Wayne T. Hockmeyer

MGMT

YES

FOR

1.02 Elect David M. Mott

MGMT

YES

FOR

1.03 Elect David Baltimore

MGMT

YES

FOR

1.04 Elect M. James Barrett

MGMT

YES

FOR

1.05 Elect Melvin D. Booth

MGMT

YES

FOR

1.06 Elect James H. Cavanaugh

MGMT

YES

FOR

1.07 Elect Barbara Hackman Franklin

MGMT

YES

FOR

1.08 Elect Gordon S. Macklin

MGMT

YES

FOR

1.09 Elect Elizabeth Wyatt

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 97 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Mellon Financial Corp

MEL

58551A108

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Jared L. Cohon

MGMT

YES

FOR

1.02 Elect Ira J. Gumberg

MGMT

YES

FOR

1.03 Elect Martin G. McGuinn

MGMT

YES

FOR

1.04 Elect David S. Shapira

MGMT

YES

FOR

1.05 Elect John P. Surma

MGMT

YES

FOR

1.06 Elect Edward J. McAniff

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Merck & Co

MRK

589331107

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Peter C. Wendell

MGMT

YES

FOR

1.02 Elect William G. Bowen

MGMT

YES

FOR

1.03 Elect William M. Daley

MGMT

YES

FOR

1.04 Elect Thomas E. Shenk

MGMT

YES

FOR

1.05 Elect Wendell P. Weeks

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

4.00 SP-Misc. Health/Animal Proposal

SHLDR

YES

AGNST

FOR

5.00 Develop Ethical Criteria for Patent Extension

SHLDR

YES

AGNST

FOR

6.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

7.00 SP-Misc. Health/Animal Proposal

SHLDR

YES

AGNST

FOR

Page 98 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Mercury Interactive Corp

MERQ

589405109

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Amnon Landan

MGMT

YES

FOR

1.02 Elect Igal Kohavi

MGMT

YES

FOR

1.03 Elect Clyde W. Ostler

MGMT

YES

FOR

1.04 Elect Yair Shamir

MGMT

YES

FOR

1.05 Elect Giora Yaron

MGMT

YES

FOR

1.06 Elect Anthony Zingale

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Merrill Lynch & Co

MER

590188108

4/23/2004

Annual

Adviser: JP Morgan

1.01 Elect David K. Newbigging

MGMT

YES

FOR

1.02 Elect J.W. Prueher

MGMT

YES

FOR

2.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

3.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

MICROSOFT CORPORATION

MSFT

594918104

11/11/2003

#Annual#

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Amend Director Stock Option Plan

MGMT

YES

FOR

4.00 SP-Limit or End Charitable Giving

SHLDR

YES

AGNST

Page 99 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Monsanto Co

MON

61166W101

1/29/2004

Annual

Adviser: JP Morgan

1.01 Elect Frank V. Atlee III

MGMT

YES

FOR

1.02 Elect Gwendolyn S. King

MGMT

YES

FOR

1.03 Elect Sharon R. Long

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

4.00 SP-Review or Curb Bioengineering

SHLDR

YES

AGNST

FOR

5.00 SP-Endorse Ceres Principles

SHLDR

YES

AGNST

FOR

6.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

Morgan Stanley

MWD

617446448

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect John W. Madigan

MGMT

YES

FOR

1.02 Elect Klaus Zumwinkel

MGMT

YES

FOR

1.03 Elect Howard Davies

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Repeal Classified Board

SHLDR

YES

AGNST

FOR

4.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

Page 100 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

NCR Corp

NCR

62886E108

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Edward P. Boykin

MGMT

YES

FOR

1.02 Elect Linda F. Levinson

MGMT

YES

FOR

1.03 Elect Victor L. Lund

MGMT

YES

FOR

1.04 Elect James M. Ringler

MGMT

YES

FOR

2.00 SP-Limit Consulting by Auditors

SHLDR

YES

FOR

AGNST

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Nextel Communications

NXTL

65332V103

5/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Keith Bane

MGMT

YES

FOR

1.02 Elect Janet Hill

MGMT

YES

FOR

2.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Amend Employee Stock Purchase Plan

MGMT

YES

FOR

NiSource Inc

65473P105

5/11/2004

Annual

Adviser: JP Morgan

1.01 Elect Steven C. Beering

MGMT

YES

FOR

1.02 Elect Dennis E. Foster

MGMT

YES

FOR

1.03 Elect Richard L. Thompson

MGMT

YES

FOR

1.04 Elect Carolyn Y. Woo

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 101 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Norfolk Southern Corp

NSC

655844108

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Alston D. Correll Jr.

MGMT

YES

FOR

1.02 Elect Landon Hilliard

MGMT

YES

FOR

1.03 Elect Burton M. Joyce

MGMT

YES

FOR

1.04 Elect Jane Margaret O’Brien

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

North Fork Bancorporation

NFB

659424105

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect James F. Reeve

MGMT

YES

FOR

1.02 Elect George H. Rowsom

MGMT

YES

FOR

1.03 Elect Kurt R. Schmeller

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Northrop Grumman Corp

NOC

666807102

5/18/2004

Annual

Adviser: JP Morgan

1.01 Elect Lewis W. Coleman

MGMT

YES

FOR

1.02 Elect J. Michael Cook

MGMT

YES

FOR

1.03 Elect Phillip A. Odeen

MGMT

YES

FOR

1.04 Elect Aulana L. Peters

MGMT

YES

FOR

1.05 Elect Kevin W. Sharer

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Military Contracting Criteria

SHLDR

YES

AGNST

FOR

4.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

Page 102 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Novellus Systems Inc

NVLS

670008101

4/16/2004

Annual

Adviser: JP Morgan

1.01 Elect Richard S. Hill

MGMT

YES

FOR

1.02 Elect Neil R. Bonke

MGMT

YES

FOR

1.03 Elect Youssef A. El-Mansey

MGMT

YES

FOR

1.04 Elect J. David Litster

MGMT

YES

FOR

1.05 Elect Yoshio Nishi

MGMT

YES

FOR

1.06 Elect Glen Possley

MGMT

YES

FOR

1.07 Elect Ann D. Rhoads

MGMT

YES

FOR

1.08 Elect William R. Spivey

MGMT

YES

FOR

1.09 Elect Delbert A. Whitaker

MGMT

YES

FOR

2.00 SP-Limit Consulting by Auditors

SHLDR

YES

FOR

AGNST

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 103 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Occidental Petroleum Corp

OXY

674599105

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect Ronald W. Burkle

MGMT

YES

FOR

1.02 Elect John S. Chalsty

MGMT

YES

FOR

1.03 Elect Edward P. Djerejian

MGMT

YES

FOR

1.04 Elect R. Chad Dreier

MGMT

YES

FOR

1.05 Elect John E. Feick

MGMT

YES

FOR

1.06 Elect Ray R. Irani

MGMT

YES

FOR

1.07 Elect Dale R. Laurance

MGMT

YES

FOR

1.08 Elect Irvin W. Maloney

MGMT

YES

FOR

1.09 Elect Rodolfo Segovia

MGMT

YES

FOR

1.10 Elect Aziz D. Syriani

MGMT

YES

FOR

1.11 Elect Rosemary Tomich

MGMT

YES

FOR

1.12 Elect Walter L. Weisman

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Director Stock Award Plan

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 104 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

PepsiCo Inc

PEP

713448108

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect John F. Akers

MGMT

YES

FOR

1.02 Elect Robert E. Allen

MGMT

YES

FOR

1.03 Elect Ray L. Hunt

MGMT

YES

FOR

1.04 Elect Arthur C. Martinez

MGMT

YES

FOR

1.05 Elect Indra K. Nooyi

MGMT

YES

FOR

1.06 Elect Franklin D. Raines

MGMT

YES

FOR

1.07 Elect Steven S. Reinemund

MGMT

YES

FOR

1.08 Elect Sharon Percy Rockefeller

MGMT

YES

FOR

1.09 Elect James J. Schiro

MGMT

YES

FOR

1.10 Elect Franklin A. Thomas

MGMT

YES

FOR

1.11 Elect Cynthia M. Trudell

MGMT

YES

FOR

1.12 Elect Solomon D. Trujillo

MGMT

YES

FOR

1.13 Elect Daniel Vasella

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Approve Annual Bonus Plan

MGMT

YES

FOR

4.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

5.00 Review AIDS Pandemic’s Impact on Company

SHLDR

YES

AGNST

FOR

Page 105 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Pfizer Inc

PFE

717081103

4/22/2004

Annual

Adviser: JP Morgan

1.01 Elect Michael S. Brown

MGMT

YES

FOR

1.02 Elect M. Anthony Burns

MGMT

YES

FOR

1.03 Elect Robert N. Burt

MGMT

YES

FOR

1.04 Elect W. Don Cornwell

MGMT

YES

FOR

1.05 Elect William H. Gray III

MGMT

YES

FOR

1.06 Elect Constance J. Horner

MGMT

YES

FOR

1.07 Elect William R. Howell

MGMT

YES

FOR

1.08 Elect Stanley O. Ikenberry

MGMT

YES

FOR

1.09 Elect George A. Lorch

MGMT

YES

FOR

1.10 Elect Henry A. McKinnell Jr.

MGMT

YES

FOR

1.11 Elect Dana G. Mead

MGMT

YES

FOR

1.12 Elect Franklin D. Raines

MGMT

YES

FOR

1.13 Elect Ruth J. Simmons

MGMT

YES

FOR

1.14 Elect William C. Steere Jr.

MGMT

YES

FOR

1.15 Elect Jean-Paul Valles

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 SP-Misc. Health/Animal Proposal

SHLDR

YES

FOR

AGNST

4.00 Review AIDS Pandemic’s Impact on Company

SHLDR

YES

AGNST

FOR

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

6.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

7.00 SP-Review Drug Pricing or Distribution

SHLDR

YES

AGNST

FOR

8.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

9.00 SP-Review or Promote Animal Welfare

SHLDR

YES

AGNST

FOR

Page 106 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

PG&E Corp

PCG

69331C108

4/21/2004

Annual

Adviser: JP Morgan

1.01 Elect David R. Andrews

MGMT

YES

FOR

1.02 Elect Leslie S. Biller

MGMT

YES

FOR

1.03 Elect David A. Coulter

MGMT

YES

FOR

1.04 Elect C. Lee Cox

MGMT

YES

FOR

1.05 Elect Robert D. Glynn Jr.

MGMT

YES

FOR

1.06 Elect David M. Lawrence

MGMT

YES

FOR

1.07 Elect Mary S. Metz

MGMT

YES

FOR

1.08 Elect Barry L. Williams

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

4.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

5.00 SP-Increase Board Independence

SHLDR

YES

AGNST

FOR

6.00 SP-Review Nuclear Facility/Waste

SHLDR

YES

AGNST

FOR

7.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

8.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Pinnacle West Capital

PNW

723484101

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Roy A. Herberger, Jr.

MGMT

YES

FOR

1.02 Elect Humberto S. Lopez

MGMT

YES

FOR

1.03 Elect Kathryn L. Munro

MGMT

YES

FOR

1.04 Elect William L. Stewart

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Nuclear Facility/Waste

SHLDR

YES

AGNST

FOR

Page 107 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

PPG Industries Inc

PPG

693506107

4/15/2004

Annual

Adviser: JP Morgan

1.01 Elect James G. Berges

MGMT

YES

FOR

1.02 Elect Erroll B. Davis Jr.

MGMT

YES

FOR

1.03 Elect Victoria F. Haynes

MGMT

YES

FOR

1.04 Elect Allen J. Krowe

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

PPL Corp

PPL

69351T106

4/23/2004

Annual

Adviser: JP Morgan

1.01 Elect William F. Hecht

MGMT

YES

FOR

1.02 Elect Stuart Heydt

MGMT

YES

FOR

1.03 Elect W. Keith Smith

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Praxair Inc

74005P104

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Alejandro Achaval

MGMT

YES

FOR

1.02 Elect Ronald L. Kuehn Jr.

MGMT

YES

FOR

1.03 Elect H. Mitchell Watson Jr.

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

4.00 Adopt Poison Pill

MGMT

YES

FOR

Page 108 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Pride International Inc

PDE

74153Q102

5/18/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert L. Barbanell

MGMT

YES

FOR

1.02 Elect Paul A. Bragg

MGMT

YES

FOR

1.03 Elect David A. B. Brown

MGMT

YES

FOR

1.04 Elect J.C. Burton

MGMT

YES

FOR

1.05 Elect Jorge E. Estrada

MGMT

YES

FOR

1.06 Elect William E. Macaulay

MGMT

YES

FOR

1.07 Elect Ralph D. McBride

MGMT

YES

WHOLD

AGNST

1.08 Elect David B. Robson

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Prologis

PLD

743410102

5/18/2004

Annual

Adviser: JP Morgan

1.01 Elect Stephen L. Feinberg

MGMT

YES

FOR

1.02 Elect Donald P. Jacobs

MGMT

YES

FOR

1.03 Elect D. Michael Steuert

MGMT

YES

FOR

1.04 Elect J. Andre Teixeira

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 109 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Protective Life Corp

743674103

5/3/2004

Annual

Adviser: JP Morgan

1.01 Elect John J. McMahon Jr.

MGMT

YES

FOR

1.02 Elect James S.M. French

MGMT

YES

FOR

1.03 Elect John D. Johns

MGMT

YES

FOR

1.04 Elect Donald M. James

MGMT

YES

FOR

1.05 Elect J. Gary Cooper

MGMT

YES

FOR

1.06 Elect H. Corbin Day

MGMT

YES

FOR

1.07 Elect William Michael Warren Jr.

MGMT

YES

FOR

1.08 Elect Malcolm Portera

MGMT

YES

FOR

1.09 Elect Thomas L. Hamby

MGMT

YES

FOR

1.10 Elect Vanessa Leonard

MGMT

YES

FOR

1.11 Elect William A. Terry

MGMT

YES

FOR

2.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Pulte Homes Inc

PHM

745867101

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Richard J. Dugas Jr.

MGMT

YES

FOR

1.02 Elect David N. McCammon

MGMT

YES

FOR

1.03 Elect William J. Pulte

MGMT

YES

FOR

1.04 Elect Francis J. Sehn

MGMT

YES

FOR

1.05 Elect Michael E. Rossi

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 SP-Shareholder Approval of Auditors

SHLDR

YES

FOR

AGNST

Page 110 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

QWEST COMMUNICATIONS INTERNATIONAL I

749121109

12/16/2003

#Annual#

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

2.00 Amend Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 SP-Pension Fund Surplus

SHLDR

YES

FOR

4.00 SP-Repeal Classified Board

SHLDR

YES

FOR

5.00 SP-Golden Parachutes

SHLDR

YES

FOR

6.00 SP-Increase Board Independence

SHLDR

YES

FOR

AGNST

7.00 SP-Award Performance-based Stock Opt

SHLDR

YES

AGNST

8.00 SP-Award Performance-based Stock Opt

SHLDR

YES

AGNST

9.00 SP-Expense Stock Options

SHLDR

YES

AGNST

Qwest Communications International Inc

749121109

5/25/2004

Annual

Adviser: JP Morgan

1.01 Elect Thomas J. Donohue

MGMT

YES

FOR

1.02 Elect Peter S. Hellman

MGMT

YES

FOR

1.03 Elect Vinod Khosla

MGMT

YES

FOR

1.04 Elect K. Dane Brooksher

MGMT

YES

FOR

2.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

3.00 SP-Misc. Executive Pay

SHLDR

YES

FOR

AGNST

4.00 Approve Extra Benefits Under Serps

SHLDR

YES

FOR

AGNST

Page 111 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Raytheon Co

RTN

755111507

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect John M. Deutch

MGMT

YES

FOR

1.02 Elect Michael C. Ruettgers

MGMT

YES

FOR

1.03 Elect William R. Spivey

MGMT

YES

FOR

1.04 Elect William H. Swanson

MGMT

YES

FOR

1.05 Elect Linda Gillespie Stuntz

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Military Contracting Criteria

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

5.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

6.00 SP-Review or Implement MacBride Principles

SHLDR

YES

AGNST

FOR

7.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

8.00 Approve Extra Benefits Under Serps

SHLDR

YES

FOR

AGNST

9.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 112 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Rohm & Haas Co

ROH

775371107

5/3/2004

Annual

Adviser: JP Morgan

1.01 Elect William J. Avery

MGMT

YES

FOR

1.02 Elect J. Michael Fitzpatrick

MGMT

YES

FOR

1.03 Elect Earl G. Graves Sr.

MGMT

YES

FOR

1.04 Elect Rajiv L. Gupta

MGMT

YES

FOR

1.05 Elect David W. Haas

MGMT

YES

FOR

1.06 Elect Thomas W. Haas

MGMT

YES

FOR

1.07 Elect James A. Henderson

MGMT

YES

FOR

1.08 Elect Richard L. Keyser

MGMT

YES

FOR

1.09 Elect Jorge P. Montoya

MGMT

YES

FOR

1.10 Elect Sandra O. Moose

MGMT

YES

FOR

1.11 Elect Gilbert S. Omenn

MGMT

YES

FOR

1.12 Elect Gary L. Rogers

MGMT

YES

FOR

1.13 Elect Ronaldo H. Schmitz

MGMT

YES

FOR

1.14 Elect Marna C. Whittington

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 113 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ross Stores Inc

ROST

778296103

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Michael J. Bush

MGMT

YES

WHOLD

AGNST

1.02 Elect Norman A. Ferber

MGMT

YES

WHOLD

AGNST

1.03 Elect James C. Peters

MGMT

YES

WHOLD

AGNST

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Rouse Co

RSE

779273101

5/6/2004

Annual

Adviser: JP Morgan

1.01 Elect Jeremiah E. Casey

MGMT

YES

FOR

1.02 Elect Roger W. Schipke

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

Rowan Cos Inc

RDC

779382100

4/23/2004

Annual

Adviser: JP Morgan

1.01 Elect William T. Fox III

MGMT

YES

FOR

1.02 Elect Graham James Hearne

MGMT

YES

FOR

1.03 Elect H. E. Lentz Jr.

MGMT

YES

FOR

1.04 Elect P. Dexter Peacock

MGMT

YES

FOR

Page 114 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Safeco Corp

SAFC

786429100

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert S. Cline

MGMT

YES

FOR

1.02 Elect G. Thompson Hutton

MGMT

YES

FOR

1.03 Elect William W. Krippaehne Jr.

MGMT

YES

FOR

1.04 Elect Michael S. McGavick

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

SBC Communications Inc

SBC

78387G103

4/30/2004

Annual

Adviser: JP Morgan

1.01 Elect James E. Barnes

MGMT

YES

FOR

1.02 Elect James A. Henderson

MGMT

YES

FOR

1.03 Elect John B. McCoy

MGMT

YES

FOR

1.04 Elect S. Donley Ritchey

MGMT

YES

FOR

1.05 Elect Joyce M. Roche

MGMT

YES

FOR

1.06 Elect Patricia P. Upton

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Repeal Classified Board

MGMT

YES

FOR

4.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

5.00 Reduce Board Size

SHLDR

YES

FOR

AGNST

Page 115 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Scana Corp

SCG

80589M102

4/29/2004

Annual

Adviser: JP Morgan

1.01 Elect William B. Bookhart Jr.

MGMT

YES

FOR

1.02 Elect W. Hayne Hipp

MGMT

YES

FOR

1.03 Elect Harold C. Stowe

MGMT

YES

FOR

1.04 Elect G. Smedes York

MGMT

YES

FOR

2.00 Add Shares to Director Stock Award Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Schwab (Charles) Corp

SCH

808513105

5/17/2004

Annual

Adviser: JP Morgan

1.01 Elect Donald G. Fisher

MGMT

YES

FOR

1.02 Elect Paula A. Sneed

MGMT

YES

FOR

1.03 Elect David B. Yoffie

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

Sepracor Inc

SEPR

817315104

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Digby W. Barrios

MGMT

YES

FOR

1.02 Elect Alan A. Steigrod

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 116 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Smurfit-Stone Container Corp

SSCC

832727101

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect James R. Boris

MGMT

YES

FOR

1.02 Elect Alan E. Goldberg

MGMT

YES

FOR

1.03 Elect William T. Lynch Jr.

MGMT

YES

FOR

1.04 Elect Patrick J. Moore

MGMT

YES

FOR

1.05 Elect James J. O’Connor

MGMT

YES

FOR

1.06 Elect Jerry K. Pearlman

MGMT

YES

FOR

1.07 Elect Thomas A. Reynolds III

MGMT

YES

FOR

1.08 Elect William D. Smithburg

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

4.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

SouthTrust Corp

SOTR

844730101

4/21/2004

Annual

Adviser: JP Morgan

1.01 Elect Carl F. Bailey

MGMT

YES

FOR

1.02 Elect John M. Bradford

MGMT

YES

FOR

1.03 Elect William C. Hulsey

MGMT

YES

FOR

1.04 Elect Wallace D. Malone Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

Page 117 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Southwest Airlines

LUV

844741108

5/19/2004

Annual

Adviser: JP Morgan

1.01 Elect Herbert D. Kelleher

MGMT

YES

WHOLD

AGNST

1.02 Elect Rollin W. King

MGMT

YES

FOR

1.03 Elect June M. Morris

MGMT

YES

WHOLD

AGNST

1.04 Elect C. Webb Crockett

MGMT

YES

WHOLD

AGNST

1.05 Elect William P. Hobby Jr.

MGMT

YES

FOR

1.06 Elect Travis C. Johnson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

WHOLD

AGNST

SPX Corp

SPW

784635104

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect Sarah R. Coffin

MGMT

YES

FOR

1.02 Elect Charles E. Johnson II

MGMT

YES

FOR

1.03 Elect David P. Williams

MGMT

YES

FOR

St. Paul Travelers Companies

STA

792860108

3/19/2004

Special

Adviser: JP Morgan

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.00 Approve Non-Technical Bylaw Amendments

MGMT

YES

FOR

3.00 Approve Non-Technical Charter Amendments

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

3.00 Approve Name Change

MGMT

YES

FOR

4.00 Eliminate Supermajority Requirement

MGMT

YES

FOR

Page 118 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

SUN MICROSYSTEMS, INC.

SUNW

866810104

11/13/2003

#Annual#

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-China—Adopt Code of Conduct

SHLDR

YES

AGNST

Sungard Data Systems Inc

SDS

867363103

5/14/2004

Annual

Adviser: JP Morgan

1.01 Elect Gregory S. Bentley

MGMT

YES

WHOLD

AGNST

1.02 Elect Michael C. Brooks

MGMT

YES

FOR

1.03 Elect Cristobal Conde

MGMT

YES

FOR

1.04 Elect Ramon de Oliveira

MGMT

YES

FOR

1.05 Elect Henry C. Duques

MGMT

YES

FOR

1.06 Elect Albert A. Eisenstat

MGMT

YES

FOR

1.07 Elect Bernard Goldstein

MGMT

YES

FOR

1.08 Elect Janet B. Haugen

MGMT

YES

FOR

1.09 Elect James L. Mann

MGMT

YES

FOR

1.10 Elect Malcolm I. Ruddock

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

WHOLD

AGNST

Page 119 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

SunTrust Banks Inc

STI

867914103

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect J. Hicks Lanier

MGMT

YES

FOR

1.02 Elect Larry L. Prince

MGMT

YES

FOR

1.03 Elect Frank S. Royal

MGMT

YES

FOR

1.04 Elect Robert M. Beall II

MGMT

YES

FOR

1.05 Elect Jeffrey C. Crowe

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

SYSCO CORPORATION

SYY

871829107

11/7/2003

#Annual#

Adviser: JP Morgan

1.01 Elect Directors

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

AGNST

4.00 SP-Review or Curb Bioengineering

SHLDR

YES

AGNST

Take-Two Interactive Software

TTWO

874054109

6/17/2004

Annual

Adviser: JP Morgan

1.01 Elect Richard Roedel

MGMT

YES

FOR

1.02 Elect Paul Eibeler

MGMT

YES

FOR

1.03 Elect Oliver R. Grace Jr.

MGMT

YES

FOR

1.04 Elect Robert Flug

MGMT

YES

FOR

1.05 Elect Todd Emmel

MGMT

YES

FOR

1.06 Elect Mark Lewis

MGMT

YES

FOR

1.07 Elect Steven Tisch

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Award Plan

MGMT

YES

FOR

Page 120 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Tellabs Inc

TLAB

879664100

4/22/2004

Annual

Adviser: JP Morgan

1.01 Elect Michael J. Birck

MGMT

YES

FOR

1.02 Elect Frederick A. Krehbiel

MGMT

YES

FOR

1.03 Elect Krish A. Prabhu

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Temple-Inland Inc

TIN

879868107

5/7/2004

Annual

Adviser: JP Morgan

1.01 Elect Donald M. Carlton

MGMT

YES

FOR

1.02 Elect E. Linn Draper Jr.

MGMT

YES

FOR

1.03 Elect Jeffrey M. Heller

MGMT

YES

FOR

1.04 Elect Kenneth M. Jastrow II

MGMT

YES

FOR

1.05 Elect James A. Johnson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 121 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Time Warner Inc

TWX

887317105

5/21/2004

Annual

Adviser: JP Morgan

1.01 Elect James L. Barksdale

MGMT

YES

FOR

1.02 Elect Stephen F. Bollenbach

MGMT

YES

FOR

1.03 Elect Stephen M. Case

MGMT

YES

FOR

1.04 Elect Frank J. Caufield

MGMT

YES

FOR

1.05 Elect Robert C. Clark

MGMT

YES

FOR

1.06 Elect Miles R. Gilburne

MGMT

YES

FOR

1.07 Elect Carla A. Hills

MGMT

YES

FOR

1.08 Elect Reuben Mark

MGMT

YES

FOR

1.09 Elect Michael A. Miles

MGMT

YES

FOR

1.10 Elect Kenneth J. Novack

MGMT

YES

FOR

1.11 Elect Richard D. Parsons

MGMT

YES

FOR

1.12 Elect Robert E. Turner

MGMT

YES

FOR

1.13 Elect Francis T. Vincent Jr.

MGMT

YES

FOR

2.00 SP-China—Adopt Code of Conduct

SHLDR

YES

FOR

AGNST

3.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

Torchmark Corp

TMK

891027104

4/29/2004

Annual

Adviser: JP Morgan

1.01 Elect Charles E. Adair

MGMT

YES

FOR

1.02 Elect Joseph M. Farley

MGMT

YES

FOR

1.03 Elect C. B. Hudson

MGMT

YES

FOR

1.04 Elect Joseph L. Lanier Jr.

MGMT

YES

FOR

1.05 Elect R. K. Richey

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

4.00 SP-Sever Links with Tobacco Industry

SHLDR

YES

AGNST

FOR

Page 122 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Travelers Property Casualty Corp

TAP

89420G406

3/19/2004

Special

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

Tribune Co

TRB

896047107

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect Jeffrey Chandler

MGMT

YES

FOR

1.02 Elect William A. Osborn

MGMT

YES

FOR

1.03 Elect Kathryn C. Turner

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

AGNST

TXU Corp

TXU

873168108

5/21/2004

Annual

Adviser: JP Morgan

1.01 Elect Derek C. Bonham

MGMT

YES

FOR

1.02 Elect E. Gail De Planque

MGMT

YES

FOR

1.03 Elect William M. Griffin

MGMT

YES

FOR

1.04 Elect Kerney Laday

MGMT

YES

FOR

1.05 Elect Jack E. Little

MGMT

YES

FOR

1.06 Elect Erle Nye

MGMT

YES

FOR

1.07 Elect James E. Oesterreicher

MGMT

YES

FOR

1.08 Elect Michael W. Ranger

MGMT

YES

FOR

1.09 Elect Herbert H. Richardson

MGMT

YES

FOR

1.10 Elect C. John Wilder

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Require Option Shares to Be Held

SHLDR

YES

AGNST

FOR

Page 123 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Tyco International Ltd

TYC

902124106

3/25/2004

Annual

Adviser: JP Morgan

1.01 Elect Dennis C. Blair

MGMT

YES

FOR

1.02 Elect Edward D. Breen

MGMT

YES

FOR

1.03 Elect George W. Buckley

MGMT

YES

FOR

1.04 Elect Bruce S. Gordon

MGMT

YES

FOR

1.05 Elect John A. Krol

MGMT

YES

FOR

1.06 Elect H. Carl McCall

MGMT

YES

FOR

1.07 Elect Mackey J. McDonald

MGMT

YES

FOR

1.08 Elect Brendan R. O’Neill

MGMT

YES

FOR

1.09 Elect Sandra S. Wijnberg

MGMT

YES

FOR

1.10 Elect Jerome B. York

MGMT

YES

FOR

1.11 Elect Brian Duperreault

MGMT

YES

FOR

2.00 Authorize Committee to Set Auditors’ Fees

MGMT

YES

FOR

2.00 Authorize Committee to Set Auditors’ Fees

MGMT

YES

FOR

3.00 Adopt New Bylaws

MGMT

YES

FOR

4.00 Adopt Stock Option Plan

MGMT

YES

FOR

5.00 SP-Control Generation of Pollutants

SHLDR

YES

FOR

6.00 SP-Reincorporation

SHLDR

YES

AGNST

FOR

7.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 124 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

U S Bancorp

USB

902973304

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Victoria B. Gluckman

MGMT

YES

WHOLD

AGNST

1.02 Elect Arthur D. Collins Jr.

MGMT

YES

FOR

1.03 Elect Jerry W. Levin

MGMT

YES

FOR

1.04 Elect Thomas E. Petry

MGMT

YES

FOR

1.05 Elect Richard G. Reiten

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

4.00 Approve Extra Benefits Under Serps

SHLDR

YES

AGNST

FOR

5.00 SP-Eliminate Supermajority Provision

SHLDR

YES

FOR

AGNST

Union Pacific Corp

UNP

907818108

4/16/2004

Annual

Adviser: JP Morgan

1.01 Elect Phillip F. Anschutz

MGMT

YES

FOR

1.02 Elect Richard K. Davidson

MGMT

YES

FOR

1.03 Elect Thomas J. Donohue

MGMT

YES

FOR

1.04 Elect Archie W. Dunham

MGMT

YES

FOR

1.05 Elect Spencer F. Eccles

MGMT

YES

FOR

1.06 Elect Ivor J. Evans

MGMT

YES

FOR

1.07 Elect Judith R. Hope

MGMT

YES

FOR

1.08 Elect Michael W. McConnell

MGMT

YES

FOR

1.09 Elect Steven R. Rogel

MGMT

YES

FOR

1.10 Elect Ernesto Zedillo

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

5.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

Page 125 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

United Dominion Realty Trust

UDR

910197102

5/4/2004

Annual

Adviser: JP Morgan

1.01 Elect Eric J. Foss

MGMT

YES

FOR

1.02 Elect Robert P. Freeman

MGMT

YES

FOR

1.03 Elect Jon A. Grove

MGMT

YES

WHOLD

AGNST

1.04 Elect James D. Klingbeil

MGMT

YES

WHOLD

AGNST

1.05 Elect Robert C. Larson

MGMT

YES

FOR

1.06 Elect Thomas R. Oliver

MGMT

YES

FOR

1.07 Elect Lynne B. Sagalyn

MGMT

YES

FOR

1.08 Elect Mark J. Sandler

MGMT

YES

FOR

1.09 Elect Robert W. Scharar

MGMT

YES

FOR

1.10 Elect Thomas W. Toomey

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

United States Steel Corp

912909108

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert J. Darnall

MGMT

YES

FOR

1.02 Elect Roy G. Dorrance

MGMT

YES

FOR

1.03 Elect Charles R. Lee

MGMT

YES

FOR

1.04 Elect John G. Drosdick

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 126 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

United Technologies Corp

UTX

913017109

4/14/2004

Annual

Adviser: JP Morgan

1.01 Elect Betsy J. Bernard

MGMT

YES

FOR

1.02 Elect George David

MGMT

YES

FOR

1.03 Elect Jean-Pierre Garnier

MGMT

YES

FOR

1.04 Elect Jamie S. Gorelick

MGMT

YES

FOR

1.05 Elect Charles R. Lee

MGMT

YES

FOR

1.06 Elect Richard D. McCormick

MGMT

YES

FOR

1.07 Elect Harold W. McGraw III

MGMT

YES

FOR

1.08 Elect Frank P. Popoff

MGMT

YES

FOR

1.09 Elect H. Patrick Swygert

MGMT

YES

FOR

1.10 Elect Andre Villeneuve

MGMT

YES

FOR

1.11 Elect Harold A. Wagner

MGMT

YES

FOR

1.12 Elect Christine Todd Whitman

MGMT

YES

FOR

2.00 SP-Disclose Executive Compensation

SHLDR

YES

FOR

AGNST

3.00 SP-Review Military Contracting Criteria

SHLDR

YES

AGNST

FOR

4.00 SP-Award Performance-based Stock Options

SHLDR

YES

AGNST

FOR

5.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

UnitedHealth Group Inc

UNH

91324P102

5/12/2004

Annual

Adviser: JP Morgan

1.01 Elect William C. Ballard Jr.

MGMT

YES

FOR

1.02 Elect Richard T. Burke

MGMT

YES

FOR

1.03 Elect Stephen J. Hemsley

MGMT

YES

FOR

1.04 Elect Donna E. Shalala

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 127 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Unocal Corp

UCL

915289102

5/24/2004

Annual

Adviser: JP Morgan

1.01 Elect Richard D. McCormick

MGMT

YES

FOR

1.02 Elect Marina v.N. Whitman

MGMT

YES

FOR

1.03 Elect Charles R. Williamson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

5.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

6.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

7.00 Indep. Director-Shareholder Dialogue

SHLDR

YES

FOR

AGNST

8.00 SP-Report or Take Action on Climate Change

SHLDR

YES

AGNST

FOR

UnumProvident Corp

UNM

91529Y106

5/13/2004

Annual

Adviser: JP Morgan

1.01 Elect Ronald E. Goldsberry

MGMT

YES

FOR

1.02 Elect Hugh O. Maclellan Jr.

MGMT

YES

FOR

1.03 Elect C. William Pollard

MGMT

YES

FOR

1.04 Elect John W. Rowe

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 Require Majority Vote to Elect Directors

SHLDR

YES

AGNST

FOR

6.00 Indep. Director-Shareholder Dialogue

SHLDR

YES

FOR

AGNST

Page 128 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Valero Energy Corp

VLO

91913Y100

4/29/2004

Annual

Adviser: JP Morgan

1.01 Elect E. Glenn Biggs

MGMT

YES

FOR

1.02 Elect Ruben M. Escobedo

MGMT

YES

FOR

1.03 Elect Bob Marbut

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Report or Take Action on Climate Change

SHLDR

YES

AGNST

FOR

Page 129 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Verizon Communications

92343V104

4/28/2004

Annual

Adviser: JP Morgan

1.01 Elect James R. Barker

MGMT

YES

FOR

1.02 Elect Richard L. Carrion

MGMT

YES

FOR

1.03 Elect Robert W. Lane

MGMT

YES

FOR

1.04 Elect Sandra O. Moose

MGMT

YES

FOR

1.05 Elect Joseph Neubauer

MGMT

YES

FOR

1.06 Elect Thomas H. O’Brien

MGMT

YES

FOR

1.07 Elect Hugh B. Price

MGMT

YES

FOR

1.08 Elect Ivan G. Seidenberg

MGMT

YES

FOR

1.09 Elect Walter V. Shipley

MGMT

YES

FOR

1.10 Elect John R. Stafford

MGMT

YES

FOR

1.11 Elect Robert D. Storey

MGMT

YES

FOR

2.00 SP-Adopt Cumulative Voting

SHLDR

YES

FOR

AGNST

3.00 SP-Increase Board Independence

SHLDR

YES

FOR

AGNST

4.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

5.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

6.00 SP-Misc. Executive Pay

SHLDR

YES

AGNST

FOR

7.00 Approve Extra Benefits Under Serps

SHLDR

YES

FOR

AGNST

8.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

9.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

10.00 SP-Misc. Shareholder

SHLDR

YES

AGNST

FOR

Page 130 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Wachovia Corp

929903102

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect James S. Balloun

MGMT

YES

FOR

1.02 Elect John T. Casteen III

MGMT

YES

FOR

1.03 Elect Joseph Neubauer

MGMT

YES

FOR

1.04 Elect Lanty L. Smith

MGMT

YES

FOR

1.05 Elect Dona Davis Young

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Double Board Nominees

SHLDR

YES

AGNST

FOR

4.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

5.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

Page 131 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Wal-Mart Stores

WMT

931142103

6/4/2004

Annual

Adviser: JP Morgan

1.01 Elect James W. Breyer

MGMT

YES

FOR

1.02 Elect M. Michele Burns

MGMT

YES

FOR

1.03 Elect Thomas M. Coughlin

MGMT

YES

FOR

1.04 Elect David D. Glass

MGMT

YES

FOR

1.05 Elect Roland A. Hernandez

MGMT

YES

FOR

1.06 Elect Dawn G. Lepore

MGMT

YES

FOR

1.07 Elect John D. Opie

MGMT

YES

FOR

1.08 Elect J. Paul Reason

MGMT

YES

FOR

1.09 Elect H. Lee Scott Jr.

MGMT

YES

FOR

1.10 Elect Jack C. Shewmaker

MGMT

YES

FOR

1.11 Elect Jose H. Villarreal

MGMT

YES

FOR

1.12 Elect John T. Walton

MGMT

YES

FOR

1.13 Elect S. Robson Walton

MGMT

YES

FOR

1.14 Elect Christopher J. Williams

MGMT

YES

FOR

2.00 Misc. Executive Pay

MGMT

YES

FOR

3.00 Misc. Executive Pay

MGMT

YES

FOR

4.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

5.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

6.00 Misc. Executive Pay

MGMT

YES

FOR

7.00 Ratify Selection of Auditors

MGMT

YES

AGNST

8.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

9.00 SP-Report on Sustainability

SHLDR

YES

AGNST

FOR

10.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

FOR

AGNST

11.00 Approve Extra Benefits Under Serps

SHLDR

YES

AGNST

FOR

Page 132 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Washington Mutual Inc

939322103

4/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Anne V. Farrell

MGMT

YES

FOR

1.02 Elect Stephen E. Frank

MGMT

YES

FOR

1.03 Elect Margaret G. Osmer-McQuade

MGMT

YES

FOR

1.04 Elect William D. Schulte

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Watson Pharmaceuticals Inc

WPI

942683103

5/17/2004

Annual

Adviser: JP Morgan

1.01 Elect Allen Y. Chao

MGMT

YES

FOR

1.02 Elect Michel J. Feldman

MGMT

YES

FOR

1.03 Elect Fred G. Weiss

MGMT

YES

FOR

2.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

WellPoint Health Networks

WLP

94973H108

6/28/2004

Special

Adviser: JP Morgan

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

Page 133 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Wells Fargo & Co

WFC

949746101

4/27/2004

Annual

Adviser: JP Morgan

1.01 Elect John A. Blanchard III

MGMT

YES

FOR

1.02 Elect Susan E. Engel

MGMT

YES

FOR

1.03 Elect Enrique Hernandez Jr.

MGMT

YES

FOR

1.04 Elect Robert L. Joss

MGMT

YES

FOR

1.05 Elect Reatha Clark King

MGMT

YES

FOR

1.06 Elect Richard M. Kovacevich

MGMT

YES

FOR

1.07 Elect Richard D. McCormick

MGMT

YES

FOR

1.08 Elect Cynthia H. Milligan

MGMT

YES

FOR

1.09 Elect Philip J. Quigley

MGMT

YES

FOR

1.10 Elect Donald B. Rice

MGMT

YES

WHOLD

AGNST

1.11 Elect Judith M. Runstad

MGMT

YES

WHOLD

AGNST

1.12 Elect Stephen W. Sanger

MGMT

YES

FOR

1.13 Elect Susan G. Swenson

MGMT

YES

FOR

1.14 Elect Michael W. Wright

MGMT

YES

WHOLD

AGNST

2.00 Approve Savings Plan

MGMT

YES

AGNST

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

7.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

Page 134 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Wisconsin Energy Corp

WEC

976657106

5/5/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert A. Cornog

MGMT

YES

FOR

1.02 Elect Gale E. Klappa

MGMT

YES

FOR

1.03 Elect Frederick P. Stratton Jr.

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

Wyeth

WYE

983024100

4/22/2004

Annual

Adviser: JP Morgan

1.01 Elect Clifford L. Alexander Jr.

MGMT

YES

FOR

1.02 Elect Frank A. Bennack Jr.

MGMT

YES

FOR

1.03 Elect Richard L. Carrion

MGMT

YES

FOR

1.04 Elect Robert Essner

MGMT

YES

FOR

1.05 Elect John D. Feerick

MGMT

YES

FOR

1.06 Elect Robert S. Langer

MGMT

YES

FOR

1.07 Elect John P. Mascotte

MGMT

YES

FOR

1.08 Elect Mary Lake Polan

MGMT

YES

FOR

1.09 Elect Ivan G. Seidenberg

MGMT

YES

FOR

1.10 Elect Walter V. Shipley

MGMT

YES

FOR

1.11 Elect John R. Torell III

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Drug Pricing or Distribution

SHLDR

YES

AGNST

FOR

4.00 SP-Review or Promote Animal Welfare

SHLDR

YES

AGNST

FOR

Page 135 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET LARGE CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Xcel Energy Inc

XEL

98389B100

5/20/2004

Annual

Adviser: JP Morgan

1.00 Repeal Classified Board

MGMT

YES

FOR

2.01 Elect David A. Christensen

MGMT

YES

FOR

2.02 Elect Margaret R. Preska

MGMT

YES

FOR

2.03 Elect W. Thomas Stephens

MGMT

YES

FOR

2.04 Elect Richard H. Anderson

MGMT

YES

FOR

2.05 Elect Robert C. Kelly

MGMT

YES

FOR

2.06 Elect Ralph R. Peterson

MGMT

YES

FOR

3.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

Yum Brands Inc

YUM

988498101

5/20/2004

Annual

Adviser: JP Morgan

1.01 Elect Robert J. Holland Jr.

MGMT

YES

FOR

1.02 Elect David C. Novak

MGMT

YES

FOR

1.03 Elect Jackie Trujilo

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review or Reduce Tobacco Harm to Health

SHLDR

YES

FOR

AGNST

4.00 SP-Report on Sustainability

SHLDR

YES

AGNST

FOR

5.00 SP-Urge MacBride on Contractor/Franchisee

SHLDR

YES

AGNST

FOR

6.00 SP-Review or Curb Bioengineering

SHLDR

YES

AGNST

FOR

7.00 SP-Review or Promote Animal Welfare

SHLDR

YES

AGNST

FOR

Page 136 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target International Equity Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Lazard Asset Management

There were no proxies voted for the time period 7/1/03 – 6/30/04

Page 137 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: Target Portfolio Trust: Target Lc Growth Port.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Alcoa Inc

013817101

4/30/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Alain J.P. Belda

MGMT

YES

FOR

1.02 Elect Carlos Ghosn

MGMT

YES

FOR

1.03 Elect Henry B. Schacht

MGMT

YES

FOR

1.04 Elect Franklin A. Thomas

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.01 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

3.02 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

Amgen Inc

AMGN

031162100

5/13/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Frank J. Biondi Jr.

MGMT

YES

FOR

1.02 Elect Jerry D. Choate

MGMT

YES

FOR

1.03 Elect Frank C. Herringer

MGMT

YES

FOR

1.04 Elect Gilbert S. Omenn

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Report on EEO

SHLDR

YES

AGNST

FOR

4.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

Analog Devices

ADI

032654105

3/9/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Jerald G. Fishman

MGMT

YES

FOR

1.02 Elect F. Grant Saviers

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 138 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Apache Corp

APA

037411105

5/6/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Eugene C. Fiedorek

MGMT

YES

FOR

1.02 Elect Patricia Albjerg Graham

MGMT

YES

FOR

1.03 Elect F.H. Merelli

MGMT

YES

FOR

1.04 Elect Raymond Plank

MGMT

YES

FOR

2.00 SP-Report or Take Action on Climate Change

SHLDR

YES

FOR

AGNST

Applied Materials Inc

AMAT

038222105

3/24/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Michael H. Armacost

MGMT

YES

FOR

1.02 Elect Deborah A. Coleman

MGMT

YES

FOR

1.03 Elect Herbert M. Dwight Jr.

MGMT

YES

FOR

1.04 Elect Philip V. Gerdine

MGMT

YES

FOR

1.05 Elect Paul R. Low

MGMT

YES

FOR

1.06 Elect Dan Maydan

MGMT

YES

FOR

1.07 Elect Steven L. Miller

MGMT

YES

FOR

1.08 Elect James C. Morgan

MGMT

YES

FOR

1.09 Elect Gerhard Parker

MGMT

YES

FOR

1.10 Elect Michael R. Splinter

MGMT

YES

FOR

2.00 Amend Director Stock Option Plan

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

Page 139 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

BJ Services Co

BJS

055482103

1/22/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Don D. Jordan

MGMT

YES

FOR

1.02 Elect William H. White

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 SP-Develop/Report on Human Rights Policy

SHLDR

YES

AGNST

FOR

Boston Scientific Corp

BSX

101137107

5/11/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Ursula M. Burns

MGMT

YES

FOR

1.02 Elect Marye Anne Fox

MGMT

YES

FOR

1.03 Elect N. J. Nicholas, Jr.

MGMT

YES

FOR

1.04 Elect John E. Pepper, Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

BOSTON SCIENTIFIC CORPORATION

BSX

101137107

10/6/2003

#Special#

Adviser: Columbus Circle Investors (CCI)

1.00 Increase Authorized Common Stock

MGMT

YES

FOR

Page 140 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Bristol Myers Squibb

BMY

110122108

5/4/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Peter R. Dolan

MGMT

YES

FOR

1.02 Elect Louis V. Gerstner Jr.

MGMT

YES

FOR

1.03 Elect Leif Johansson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

4.00 SP-Limit or End Political Spending

SHLDR

YES

AGNST

FOR

5.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

6.00 Review AIDS Pandemic’s Impact on Company

SHLDR

YES

AGNST

FOR

7.00 Require Majority Vote to Elect Directors

SHLDR

YES

AGNST

FOR

Capital One Financial Corp

COF

14040H105

4/29/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect W. Ronald Dietz

MGMT

YES

FOR

1.02 Elect Lewis Hay III

MGMT

YES

FOR

1.03 Elect Mayo A. Shattuck III

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

Caremark Rx Inc

CMX

141705103

5/4/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Edwin M. Banks

MGMT

YES

FOR

1.02 Elect Colleen Conway-Welch

MGMT

YES

FOR

1.03 Elect Roger L. Headrick

MGMT

YES

FOR

1.04 Elect Jean-Pierre Million

MGMT

YES

FOR

Page 141 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Check Point Software Technologies

CHKP

M22465104

6/30/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Gil Shwed

MGMT

YES

FOR

1.02 Elect Marius Nacht

MGMT

YES

FOR

1.03 Elect David Rubner

MGMT

YES

FOR

1.04 Elect Dr. Tal Shavit

MGMT

YES

AGNST

2.00 Approve Financial Statements

MGMT

YES

AGNST

CISCO SYSTEMS, INC.

CSCO

17275R102

11/11/2003

#Annual#

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Misc. Human/Political Rights Proposal

SHLDR

YES

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

Page 142 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

CIT Group Inc

CIT

125581108

5/12/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Albert R. Gamper Jr.

MGMT

YES

FOR

1.02 Elect Gary C. Butler

MGMT

YES

FOR

1.03 Elect William A. Farlinger

MGMT

YES

FOR

1.04 Elect William M. Freeman

MGMT

YES

FOR

1.05 Elect Thomas H. Kean

MGMT

YES

FOR

1.06 Elect Edward J. Kelly III

MGMT

YES

FOR

1.07 Elect Marianne Miller Parrs

MGMT

YES

FOR

1.08 Elect Jeffrey M. Peek

MGMT

YES

FOR

1.09 Elect John R. Ryan

MGMT

YES

FOR

1.10 Elect Peter J. Tobin

MGMT

YES

FOR

1.11 Elect Lois M. Van Deusen

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

ConocoPhillips

COP

20825C104

5/5/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect David L. Boren

MGMT

YES

FOR

1.02 Elect James E. Copeland Jr.

MGMT

YES

FOR

1.03 Elect Kenneth M. Duberstein

MGMT

YES

FOR

1.04 Elect Ruth R. Harkin

MGMT

YES

FOR

1.05 Elect William R. Rhodes

MGMT

YES

FOR

1.06 Elect J. Stapleton Roy

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

6.00 SP-Preserve/Report on Natural Habitat

SHLDR

YES

AGNST

FOR

Page 143 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Corning Inc

GLW

219350105

4/29/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Jeremy R. Knowles

MGMT

YES

FOR

1.02 Elect Eugene C. Sit

MGMT

YES

FOR

1.03 Elect William D. Smithburg

MGMT

YES

FOR

1.04 Elect Hansel E. Tookes II

MGMT

YES

FOR

1.05 Elect Wendell P. Weeks

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

Deere & Co

244199105

2/25/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Robert W. Lane

MGMT

YES

FOR

1.02 Elect Antonio Madero Bracho

MGMT

YES

FOR

1.03 Elect Aulana L. Peters

MGMT

YES

FOR

1.04 Elect John R. Walter

MGMT

YES

FOR

EMC Corp

EMC

268648102

5/5/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect John R. Egan

MGMT

YES

FOR

1.02 Elect Michael C. Ruettgers

MGMT

YES

FOR

1.03 Elect David N. Strohm

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 144 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Energizer Holdings Inc

ENR

29266R108

1/26/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect John R. Roberts

MGMT

YES

FOR

1.02 Elect John E. Klein

MGMT

YES

FOR

1.03 Elect R. David Hoover

MGMT

YES

FOR

1.04 Elect W. Patrick McGinnis

MGMT

YES

FOR

Fannie Mae

FNM

313586109

5/25/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Stephen B. Ashley

MGMT

YES

FOR

1.02 Elect Kenneth M. Duberstein

MGMT

YES

FOR

1.03 Elect Thomas P. Gerrity

MGMT

YES

FOR

1.04 Elect Timothy Howard

MGMT

YES

FOR

1.05 Elect Ann McLaughlin Korologos

MGMT

YES

FOR

1.06 Elect Frederic V. Malek

MGMT

YES

FOR

1.07 Elect Donald B. Marron

MGMT

YES

FOR

1.08 Elect Daniel H. Mudd

MGMT

YES

FOR

1.09 Elect Anne M. Mulcahy

MGMT

YES

FOR

1.10 Elect Joe K. Pickett

MGMT

YES

FOR

1.11 Elect Leslie Rahl

MGMT

YES

FOR

1.12 Elect Franklin D. Raines

MGMT

YES

FOR

1.13 Elect H. Patrick Swygert

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 SP-Adopt Cumulative Voting

SHLDR

YES

AGNST

FOR

Page 145 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Gap Inc

GPS

364760108

5/12/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Adrian D.P. Bellamy

MGMT

YES

FOR

1.02 Elect Donald G. Fisher

MGMT

YES

FOR

1.03 Elect Doris F. Fisher

MGMT

YES

FOR

1.04 Elect Robert J. Fisher

MGMT

YES

FOR

1.05 Elect Glenda A. Hatchett

MGMT

YES

FOR

1.06 Elect Penelope L. Hughes

MGMT

YES

FOR

1.07 Elect Bob L. Martin

MGMT

YES

FOR

1.08 Elect Jorge P. Montoya

MGMT

YES

FOR

1.09 Elect Paul S. Pressler

MGMT

YES

FOR

1.10 Elect James M. Schneider

MGMT

YES

FOR

1.11 Elect Mayo A. Shattuck III

MGMT

YES

FOR

1.12 Elect Howard P. Behar

MGMT

YES

FOR

1.13 Elect Margaret C. Whitman

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Annual Bonus Plan

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 146 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Home Depot Inc

437076102

5/27/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Gregory D. Brenneman

MGMT

YES

FOR

1.02 Elect Richard H. Brown

MGMT

YES

FOR

1.03 Elect John L. Clendenin

MGMT

YES

FOR

1.04 Elect Berry R. Cox

MGMT

YES

FOR

1.05 Elect Claudio X. Gonzalez Laporte

MGMT

YES

FOR

1.06 Elect Milledge A. Hart III

MGMT

YES

FOR

1.07 Elect Bonnie Guiton Hill

MGMT

YES

FOR

1.08 Elect Kenneth G. Langone

MGMT

YES

FOR

1.09 Elect Robert L. Nardelli

MGMT

YES

FOR

1.10 Elect Roger S. Penske

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

4.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

6.00 SP-Monitor/Adopt ILO Conventions

SHLDR

YES

AGNST

FOR

7.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

8.00 Require Majority Vote to Elect Directors

MGMT

YES

AGNST

Page 147 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ingersoll-Rand Co Ltd

G4776G101

6/2/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Peter C. Godsoe

MGMT

YES

FOR

1.02 Elect Constance J. Horner

MGMT

YES

FOR

1.03 Elect Orin R. Smith

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Approve Non-Technical Bylaw Amendments

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

5.00 SP-Repeal Classified Board

SHLDR

YES

FOR

AGNST

6.00 SP-Reincorporation

SHLDR

YES

AGNST

FOR

7.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

Page 148 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Intel Corp

INTC

458140100

5/19/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Craig R. Barrett

MGMT

YES

FOR

1.02 Elect Charlene Barshefsky

MGMT

YES

FOR

1.03 Elect E. John P. Browne

MGMT

YES

FOR

1.04 Elect Andrew S. Grove

MGMT

YES

FOR

1.05 Elect D. James Guzy

MGMT

YES

FOR

1.06 Elect Reed E. Hundt

MGMT

YES

FOR

1.07 Elect Paul S. Otellini

MGMT

YES

FOR

1.08 Elect David S. Pottruck

MGMT

YES

FOR

1.09 Elect Jane E. Shaw

MGMT

YES

FOR

1.10 Elect John L. Thornton

MGMT

YES

FOR

1.11 Elect David B. Yoffie

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 SP-Expense Stock Options

SHLDR

YES

FOR

AGNST

5.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

6.00 SP-Award Performance-based Stock Options

SHLDR

YES

FOR

AGNST

Invitrogen

IVGN

46185R100

4/29/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Raymond V. Dittamore

MGMT

YES

FOR

1.02 Elect Bradley G. Lorimier

MGMT

YES

FOR

1.03 Elect David C. U’Prichard

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

Page 149 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

J P Morgan Chase & Co

JPM

46625H100

5/25/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.01 Elect Hans W. Becherer

MGMT

YES

FOR

2.02 Elect Frank A. Bennack Jr.

MGMT

YES

FOR

2.03 Elect John H. Biggs

MGMT

YES

FOR

2.04 Elect Lawrence A. Bossidy

MGMT

YES

FOR

2.05 Elect Ellen V. Futter

MGMT

YES

FOR

2.06 Elect William H. Gray III

MGMT

YES

FOR

2.07 Elect William B. Harrison Jr.

MGMT

YES

FOR

2.08 Elect Helene L. Kaplan

MGMT

YES

FOR

2.09 Elect Lee R. Raymond

MGMT

YES

FOR

2.10 Elect John R. Stafford

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

AGNST

5.00 Adjourn Meeting

MGMT

YES

AGNST

6.00 SP-Director Tenure/Retirement Age

SHLDR

YES

AGNST

FOR

7.00 SP-Limit or End Charitable Giving

SHLDR

YES

AGNST

FOR

8.00 SP-Review Political Spending

SHLDR

YES

FOR

AGNST

9.00 SP-Independent Board Chairman

SHLDR

YES

AGNST

FOR

10.00 Failure to Disclose Derivatives

SHLDR

YES

AGNST

FOR

11.00 SP-Limit Consulting by Auditors

SHLDR

YES

AGNST

FOR

12.00 SP-Restrict Director Compensation

SHLDR

YES

AGNST

FOR

Page 150 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

McDonald’s Corp

MCD

580135101

5/20/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Edward A. Brennan

MGMT

YES

FOR

1.02 Elect Walter E. Massey

MGMT

YES

FOR

1.03 Elect John W. Rogers Jr.

MGMT

YES

FOR

1.04 Elect Anne-Marie Slaughter

MGMT

YES

FOR

1.05 Elect Roger W. Stone

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

4.00 Approve Annual Bonus Plan

MGMT

YES

FOR

4.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

Merck & Co

MRK

589331107

4/27/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Peter C. Wendell

MGMT

YES

FOR

1.02 Elect William G. Bowen

MGMT

YES

FOR

1.03 Elect William M. Daley

MGMT

YES

FOR

1.04 Elect Thomas E. Shenk

MGMT

YES

FOR

1.05 Elect Wendell P. Weeks

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

4.00 SP-Misc. Health/Animal Proposal

SHLDR

YES

AGNST

FOR

5.00 Develop Ethical Criteria for Patent Extension

SHLDR

YES

AGNST

FOR

6.00 SP-Review Political Spending

SHLDR

YES

AGNST

FOR

7.00 SP-Misc. Health/Animal Proposal

SHLDR

YES

AGNST

FOR

Page 151 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

MICROSOFT CORPORATION

MSFT

594918104

11/11/2003

#Annual#

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Amend Director Stock Option Plan

MGMT

YES

FOR

4.00 SP-Limit or End Charitable Giving

SHLDR

YES

AGNST

Motorola Inc

MOT

620076109

5/3/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Edward J. Zander

MGMT

YES

FOR

1.02 Elect H. Laurance Fuller

MGMT

YES

FOR

1.03 Elect Judy C. Lewent

MGMT

YES

FOR

1.04 Elect Walter E. Massey

MGMT

YES

FOR

1.05 Elect Nicholas Negroponte

MGMT

YES

FOR

1.06 Elect Indra K. Nooyi

MGMT

YES

FOR

1.07 Elect John E. Pepper, Jr.

MGMT

YES

FOR

1.08 Elect Samuel C. Scott III

MGMT

YES

FOR

1.09 Elect Douglas A. Warner III

MGMT

YES

FOR

1.10 Elect John A. White

MGMT

YES

FOR

1.11 Elect Mike S. Zafirovski

MGMT

YES

FOR

2.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

FOR

AGNST

Page 152 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

ORACLE CORPORATION

ORCL

68389X105

10/13/2003

#Annual#

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

5.00 SP-China—Adopt Code of Conduct

SHLDR

YES

AGNST

Royal Caribbean Cruises Ltd

RCL

V7780T103

5/25/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Tor B. Arneberg

MGMT

YES

FOR

1.02 Elect William L. Kimsey

MGMT

YES

FOR

1.03 Elect Gert W. Munthe

MGMT

YES

FOR

Staples Inc

SPLS

855030102

6/17/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Arthur M. Blank

MGMT

YES

FOR

1.02 Elect Gary L. Crittenden

MGMT

YES

FOR

1.03 Elect Martin Trust

MGMT

YES

FOR

1.04 Elect Paul F. Walsh

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

6.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

7.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

FOR

AGNST

8.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

9.00 SP-Limit Consulting by Auditors

SHLDR

YES

AGNST

FOR

Page 153 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

THE ESTEE LAUDER COMPANIES INC.

518439104

11/5/2003

#Annual#

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Thermo Electron Corp

TMO

883556102

5/18/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Marijn E. Dekkers

MGMT

YES

FOR

1.02 Elect Robert A. McCabe

MGMT

YES

FOR

1.03 Elect Robert W. O’Leary

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

Page 154 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Time Warner Inc

TWX

887317105

5/21/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect James L. Barksdale

MGMT

YES

FOR

1.02 Elect Stephen F. Bollenbach

MGMT

YES

FOR

1.03 Elect Stephen M. Case

MGMT

YES

FOR

1.04 Elect Frank J. Caufield

MGMT

YES

FOR

1.05 Elect Robert C. Clark

MGMT

YES

FOR

1.06 Elect Miles R. Gilburne

MGMT

YES

FOR

1.07 Elect Carla A. Hills

MGMT

YES

FOR

1.08 Elect Reuben Mark

MGMT

YES

FOR

1.09 Elect Michael A. Miles

MGMT

YES

FOR

1.10 Elect Kenneth J. Novack

MGMT

YES

FOR

1.11 Elect Richard D. Parsons

MGMT

YES

FOR

1.12 Elect Robert E. Turner

MGMT

YES

FOR

1.13 Elect Francis T. Vincent Jr.

MGMT

YES

FOR

2.00 SP-China—Adopt Code of Conduct

SHLDR

YES

FOR

AGNST

3.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

AGNST

FOR

Page 155 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Wal-Mart Stores

WMT

931142103

6/4/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect James W. Breyer

MGMT

YES

FOR

1.02 Elect M. Michele Burns

MGMT

YES

FOR

1.03 Elect Thomas M. Coughlin

MGMT

YES

FOR

1.04 Elect David D. Glass

MGMT

YES

FOR

1.05 Elect Roland A. Hernandez

MGMT

YES

FOR

1.06 Elect Dawn G. Lepore

MGMT

YES

FOR

1.07 Elect John D. Opie

MGMT

YES

FOR

1.08 Elect J. Paul Reason

MGMT

YES

FOR

1.09 Elect H. Lee Scott Jr.

MGMT

YES

FOR

1.10 Elect Jack C. Shewmaker

MGMT

YES

FOR

1.11 Elect Jose H. Villarreal

MGMT

YES

FOR

1.12 Elect John T. Walton

MGMT

YES

FOR

1.13 Elect S. Robson Walton

MGMT

YES

FOR

1.14 Elect Christopher J. Williams

MGMT

YES

FOR

2.00 Misc. Executive Pay

MGMT

YES

FOR

3.00 Misc. Executive Pay

MGMT

YES

FOR

4.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

5.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

6.00 Misc. Executive Pay

MGMT

YES

FOR

7.00 Ratify Selection of Auditors

MGMT

YES

FOR

8.00 SP-Independent Board Chairman

SHLDR

YES

FOR

AGNST

9.00 SP-Report on Sustainability

SHLDR

YES

AGNST

FOR

10.00 SP-Link Executive Pay to Social Criteria

SHLDR

YES

FOR

AGNST

11.00 Approve Extra Benefits Under Serps

SHLDR

YES

FOR

AGNST

Page 156 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET PORTFOLIO TRUST: TARGET LC GROWTH PORT.

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

XM Satellite Radio Holdings

XMSR

983759101

5/27/2004

Annual

Adviser: Columbus Circle Investors (CCI)

1.01 Elect Gary M. Parsons

MGMT

YES

FOR

1.02 Elect Hugh Panero

MGMT

YES

FOR

1.03 Elect Nathaniel A. Davis

MGMT

YES

FOR

1.04 Elect Thomas J. Donohue

MGMT

YES

FOR

1.05 Elect Thomas G. Elliott

MGMT

YES

FOR

1.06 Elect George W. Haywood

MGMT

YES

FOR

1.07 Elect Chester A. Huber Jr.

MGMT

YES

FOR

1.08 Elect Jarl Mohn

MGMT

YES

FOR

1.09 Elect Pierce J. Roberts Jr.

MGMT

YES

FOR

1.10 Elect Jack Shaw

MGMT

YES

FOR

Page 157 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: Target Small Cap Growth Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Allscripts Healthcare Solutions

MDRX

01988P108

5/27/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Michael J. Kluger

MGMT

YES

FOR

1.02 Elect Robert A. Compton

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

America Service Group

ASGR

02364L109

6/16/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Michael Catalano

MGMT

YES

FOR

1.02 Elect Carol R. Goldberg

MGMT

YES

FOR

1.03 Elect Richard D. Wright

MGMT

YES

FOR

1.04 Elect William D. Eberle

MGMT

YES

FOR

1.05 Elect Richard M. Mastaler

MGMT

YES

FOR

1.06 Elect Burton C. Einspruch

MGMT

YES

FOR

1.07 Elect Michael E. Gallagher

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

AGNST

American Medical Security Group

AMZ

02744P101

5/18/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Mark A. Brodhagen

MGMT

YES

FOR

1.02 Elect Samuel V. Miller

MGMT

YES

FOR

1.03 Elect Michael T. Riordan

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 158 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

APPLIED FILMS CORPORATION

AFCO

038197109

10/22/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Elect Secretary

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Approve Other Business

MGMT

YES

FOR

Ashworth Inc

ASHW

04516H101

3/24/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Stephen G. Carpenter

MGMT

YES

FOR

1.02 Elect Judith K. Hofer

MGMT

YES

FOR

1.03 Elect Phillip D. Matthews

MGMT

YES

FOR

2.01 Elect James B. Hayes

MGMT

YES

FOR

3.01 Elect Andre P. Gambucci

MGMT

YES

FOR

Atherogenics

AGIX

047439104

4/28/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect David Bearman

MGMT

YES

FOR

1.02 Elect Vaughn D. Bryson

MGMT

YES

FOR

1.03 Elect T. Forcht Dagi

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

Bradley Pharmaceuticals

BDY

104576103

6/15/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Michael Bernstein

MGMT

YES

FOR

1.02 Elect Steven Kriegsman

MGMT

YES

FOR

1.03 Elect Alan Wolin

MGMT

YES

FOR

Page 159 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Cal Dive International Inc

CDIS

127914109

5/11/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Owen Kratz

MGMT

YES

FOR

1.02 Elect Bernard J. Duroc-Danner

MGMT

YES

FOR

1.03 Elect John V. Lovoi

MGMT

YES

FOR

Charlotte Russe Holding

CHIC

161048103

2/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Bernard Zeichner

MGMT

YES

FOR

1.02 Elect Mark Hoffman

MGMT

YES

FOR

1.03 Elect Paul R. Del Rossi

MGMT

YES

FOR

1.04 Elect W. Thomas Gould

MGMT

YES

FOR

1.05 Elect Allan W. Karp

MGMT

YES

WHOLD

AGNST

1.06 Elect Leonard H. Mogil

MGMT

YES

FOR

1.07 Elect David J. Oddi

MGMT

YES

WHOLD

AGNST

CNET Networks

CNET

12613R104

5/4/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John C. Colligan

MGMT

YES

FOR

1.02 Elect Jarl Mohn

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Dade Behring Holdings

DADE

23342J206

5/26/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect N. Leigh Anderson

MGMT

YES

FOR

1.02 Elect James G. Andress

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 160 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Digitas

DTAS

25388K104

5/13/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Robert R. Glatz

MGMT

YES

FOR

1.02 Elect David W. Kenny

MGMT

YES

FOR

Discovery Laboratories

DSCO

254668106

5/11/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Robert J. Capetola

MGMT

YES

FOR

1.02 Elect Antonio Esteve

MGMT

YES

FOR

1.03 Elect Max E. Link

MGMT

YES

FOR

1.04 Elect Herbert H. McDade Jr.

MGMT

YES

FOR

1.05 Elect Marvin E. Rosenthale

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

4.00 Increase Authorized Common Stock

MGMT

YES

AGNST

Durect

DRRX

266605104

6/3/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Felix Theeuwes

MGMT

YES

FOR

1.02 Elect Albert L. Zesiger

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 161 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

EDO Corp

EDO

281347104

4/27/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect George M. Ball

MGMT

YES

FOR

1.02 Elect Leslie F. Kenne

MGMT

YES

FOR

1.03 Elect James E. Roth

MGMT

YES

FOR

1.04 Elect James M. Smith

MGMT

YES

FOR

1.05 Elect Robert S. Tyrer

MGMT

YES

FOR

2.00 Repeal Classified Board

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

AGNST

Embarcadero Technologies

EMBT

290787100

6/15/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Timothy C. K. Chou

MGMT

YES

FOR

1.02 Elect Frank M. Polestra

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Equinix

EQIX

29444U502

6/3/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Gary F. Hromadko

MGMT

YES

FOR

1.02 Elect Scott Kriens

MGMT

YES

WHOLD

AGNST

1.03 Elect Andrew S. Rachleff

MGMT

YES

FOR

1.04 Elect Dennis R. Raney

MGMT

YES

FOR

1.05 Elect Peter F. Van Camp

MGMT

YES

FOR

1.06 Elect Michelangelo Volpi

MGMT

YES

WHOLD

AGNST

2.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

AGNST

Page 162 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

ETHAN ALLEN INTERIORS INC.

ETH

297602104

11/17/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

First Community Bancorp (CA)

FCBP

31983B101

5/26/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Stephen M. Dunn

MGMT

YES

FOR

1.02 Elect John M. Eggemeyer III

MGMT

YES

FOR

1.03 Elect Barry C. Fitzpatrick

MGMT

YES

FOR

1.04 Elect Charles H. Green

MGMT

YES

FOR

1.05 Elect Susan E. Lester

MGMT

YES

FOR

1.06 Elect Timothy B. Matz

MGMT

YES

FOR

1.07 Elect Arnold W. Messer

MGMT

YES

FOR

1.08 Elect Daniel B. Platt

MGMT

YES

FOR

1.09 Elect Robert A. Stine

MGMT

YES

FOR

1.10 Elect Matthew P. Wagner

MGMT

YES

FOR

1.11 Elect David S. Williams

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 163 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Genome Therapeutics

GENE

372430108

4/13/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect David B. Singer

MGMT

YES

FOR

1.02 Elect Luke B. Evnin

MGMT

YES

FOR

1.03 Elect Robert J. Hennessey

MGMT

YES

FOR

1.04 Elect Vernon R. Loucks Jr.

MGMT

YES

FOR

1.05 Elect Steven M. Rauscher

MGMT

YES

FOR

1.06 Elect William S. Reardon

MGMT

YES

FOR

1.07 Elect Norbert G. Riedel

MGMT

YES

FOR

1.08 Elect William J. Rutter

MGMT

YES

FOR

1.09 Elect David K. Stone

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

AGNST

5.00 Approve Other Business

MGMT

YES

FOR

Genus Inc

GGNS

372461103

6/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect William W. R. Elder

MGMT

YES

FOR

1.02 Elect Todd S. Myhre

MGMT

YES

FOR

1.03 Elect G. Frederick Forsyth

MGMT

YES

FOR

1.04 Elect Mario M. Rosati

MGMT

YES

FOR

1.05 Elect Robert J. Richardson

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 164 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

GLOBESPANVIRATA, INC.

GSPN

37957V106

10/16/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Adopt Director Stock Award Plan

MGMT

YES

AGNST

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Graftech International Ltd

GTI

384313102

5/26/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Gilbert E. Playford

MGMT

YES

FOR

1.02 Elect R. Eugene Cartledge

MGMT

YES

FOR

1.03 Elect Mary B. Cranston

MGMT

YES

FOR

1.04 Elect John R. Hall

MGMT

YES

FOR

1.05 Elect Harold E. Layman

MGMT

YES

FOR

1.06 Elect Ferrell P. McClean

MGMT

YES

FOR

1.07 Elect Michael C. Nahl

MGMT

YES

FOR

1.08 Elect Craig S. Shular

MGMT

YES

FOR

2.00 Increase Pension Benefits

MGMT

YES

FOR

Grey Wolf

397888108

5/11/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect James K.B. Nelson

MGMT

YES

FOR

1.02 Elect Robert E. Rose

MGMT

YES

FOR

Page 165 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Guess Inc

GES

401617105

5/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Paul Marciano

MGMT

YES

FOR

1.02 Elect Anthony Chidoni

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Guitar Center Inc

GTRC

402040109

4/29/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Larry Thomas

MGMT

YES

FOR

1.02 Elect Marty Albertson

MGMT

YES

FOR

1.03 Elect Wm. Christopher Gorog

MGMT

YES

FOR

1.04 Elect Wayne Inouye

MGMT

YES

FOR

1.05 Elect George Jones

MGMT

YES

FOR

1.06 Elect Larry Livingston

MGMT

YES

FOR

1.07 Elect George R. Mrkonic Jr.

MGMT

YES

FOR

1.08 Elect Kenneth Reiss

MGMT

YES

FOR

1.09 Elect Walter Rossi

MGMT

YES

FOR

1.10 Elect Peter M. Starrett

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

AGNST

Page 166 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Hot Topic Inc

HOTT

441339108

6/17/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Cynthia R. Cohen

MGMT

YES

FOR

1.02 Elect Corrado Federico

MGMT

YES

FOR

1.03 Elect W. Scott Hedrick

MGMT

YES

FOR

1.04 Elect Elizabeth M. McLaughlin

MGMT

YES

FOR

1.05 Elect Bruce A. Quinnell

MGMT

YES

FOR

1.06 Elect Andrew Schuon

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

HYPERION SOLUTIONS CORPORATION

HYSL

44914M104

11/10/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

I-Flow

IFLO

449520303

5/25/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Erik H. Loudon

MGMT

YES

FOR

1.02 Elect Joel S. Kanter

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

3.00 Approve Other Business

MGMT

YES

FOR

Page 167 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Infinity Property and Casualty

IPCC

45665Q103

5/25/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect James R. Gober

MGMT

YES

FOR

1.02 Elect Gregory G. Joseph

MGMT

YES

FOR

1.03 Elect Harold E. Layman

MGMT

YES

FOR

1.04 Elect Samuel J. Weinhoff

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

InfoSpace

INSP

45678T201

5/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Richard D. Hearney

MGMT

YES

FOR

1.02 Elect Rufus W. Lumry III

MGMT

YES

FOR

1.03 Elect James F. Voelker

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Innovex Inc

INVX

457647105

1/20/2004

Annual

Adviser: Fleming (JP Morgan)

1.00 Approve Board Size

MGMT

YES

FOR

2.01 Elect Thomas W. Haley

MGMT

YES

FOR

2.02 Elect Allen Andersen

MGMT

YES

WHOLD

AGNST

2.03 Elect Elick Eugene Hawk

MGMT

YES

FOR

2.04 Elect William Murnane

MGMT

YES

FOR

2.05 Elect Raj K. Nooyi

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

4.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 168 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Intuitive Surgical

ISRG

46120E602

5/21/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Alan Levy

MGMT

YES

FOR

1.02 Elect Eric H. Halvorson

MGMT

YES

FOR

Inveresk Research Group

IRGI

461238107

5/4/2004

Annual

Adviser: Fleming (JP Morgan)

1.00 Elect John T. Henderson

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

IXIA

XXIA

45071R109

5/13/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Jean-Claude Asscher

MGMT

YES

FOR

1.02 Elect Massoud Entekhabi

MGMT

YES

FOR

1.03 Elect Errol Ginsberg

MGMT

YES

FOR

1.04 Elect Jon F. Rager

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

2.00 Amend Director Stock Option Plan

MGMT

YES

AGNST

3.00 Add Shares to Director Stock Option Plan

MGMT

YES

FOR

K2 Inc

KTO

482732104

5/13/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Wilford D. Godbold, Jr.

MGMT

YES

FOR

1.02 Elect Lou L. Holtz

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Increase Authorized Common Stock

MGMT

YES

FOR

4.00 Adjourn Meeting

MGMT

YES

FOR

Page 169 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Kforce Inc

KFRC

493732101

6/15/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Richard M. Cocchiaro

MGMT

YES

FOR

1.02 Elect Elaine D. Rosen

MGMT

YES

FOR

1.03 Elect Ralph E. Struzziero

MGMT

YES

FOR

1.04 Elect Howard W. Sutter

MGMT

YES

FOR

Kindred Healthcare Inc

KIND

494580103

5/18/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Edward I. Kuntz

MGMT

YES

FOR

1.02 Elect Thomas P. Cooper

MGMT

YES

FOR

1.03 Elect Paul J. Diaz

MGMT

YES

FOR

1.04 Elect Michael J. Embler

MGMT

YES

FOR

1.05 Elect Garry N. Garrison

MGMT

YES

FOR

1.06 Elect Isaac Kaufman

MGMT

YES

FOR

1.07 Elect John H. Klein

MGMT

YES

FOR

1.08 Elect Eddy J. Rogers Jr.

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

2.00 Adopt Director Stock Option Plan

MGMT

YES

AGNST

Kirkland’s

KIRK

497498105

6/2/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Reynolds C. Faulkner

MGMT

YES

FOR

1.02 Elect Murray Spain

MGMT

YES

WHOLD

AGNST

Page 170 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

LabOne Inc

LABS

50540L105

5/24/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John P. Mascotte

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Amend Director Stock Option Plan

MGMT

YES

AGNST

Laureate Education Inc

LAUR

518613104

6/25/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Douglas L. Becker

MGMT

YES

FOR

1.02 Elect James H. McGuire

MGMT

YES

FOR

1.03 Elect Richard W. Riley

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

LAWSON SOFTWARE, INC.

LWSN

520780107

10/30/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Lionbridge Technologies

LIOX

536252109

5/18/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Edward A. Blechschmidt

MGMT

YES

FOR

1.02 Elect Guy L. de Chazal

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 171 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

LogicVision

LGVN

54140W107

5/13/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Vinod K. Agarwal

MGMT

YES

FOR

1.02 Elect Richard C. Black

MGMT

YES

FOR

1.03 Elect D. James Guzy

MGMT

YES

FOR

1.04 Elect James T. Healy

MGMT

YES

FOR

1.05 Elect Richard C. Yonker

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Marlin Business Services

MRLN

571157106

5/26/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John J. Calamari

MGMT

YES

FOR

1.02 Elect Lawrence J. DeAngelo

MGMT

YES

FOR

1.03 Elect Daniel P. Dyer

MGMT

YES

FOR

1.04 Elect Kevin J. McGinty

MGMT

YES

FOR

1.05 Elect Gary R. Shivers

MGMT

YES

FOR

1.06 Elect James W. Wert

MGMT

YES

FOR

1.07 Elect Loyal W. Wilson

MGMT

YES

FOR

Page 172 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Merge Technologies

MRGE

589981109

5/20/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect William C. Mortimore

MGMT

YES

FOR

1.02 Elect Robert A. Barish

MGMT

YES

FOR

1.03 Elect Dennis Brown

MGMT

YES

FOR

1.04 Elect Michael D. Dunham

MGMT

YES

FOR

1.05 Elect Robert T. Geras

MGMT

YES

FOR

1.06 Elect Anna M. Hajek

MGMT

YES

FOR

1.07 Elect Richard A. Linden

MGMT

YES

FOR

1.08 Elect Richard A. Reck

MGMT

YES

FOR

1.09 Elect Frank Seidelmann

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Multimedia Games Inc

MGAM

625453105

2/2/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Thomas W. Sarnoff

MGMT

YES

FOR

1.02 Elect Clifton E. Lind

MGMT

YES

FOR

1.03 Elect Gordon T. Graves

MGMT

YES

FOR

1.04 Elect Robert D. Repass

MGMT

YES

FOR

1.05 Elect Martin A. Keane

MGMT

YES

FOR

1.06 Elect John M. Winkelman

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 173 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Mykrolis

MYK

62852P103

4/28/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Richard A. Aurelio

MGMT

YES

FOR

1.02 Elect Robert E. Caldwell

MGMT

YES

FOR

1.03 Elect Michael P.C. Carns

MGMT

YES

FOR

Nara Bancorp

NARA

63080P105

5/13/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Chong Moon Lee

MGMT

YES

FOR

1.02 Elect Thomas Chung

MGMT

YES

FOR

1.03 Elect Benjamin B. Hong

MGMT

YES

FOR

1.04 Elect Steve Y. Kim

MGMT

YES

FOR

1.05 Elect Jesun Paik

MGMT

YES

FOR

1.06 Elect Ki Suh Park

MGMT

YES

FOR

1.07 Elect John Park

MGMT

YES

FOR

1.08 Elect Yong Hwan Kim

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

NDCHEALTH CORPORATION

NDC

639480102

10/23/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

North American Scientific

NASI

65715D100

5/3/2004

Special

Adviser: Fleming (JP Morgan)

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

Page 174 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

North American Scientific

NASI

65715D100

6/4/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Irwin J. Gruverman

MGMT

YES

FOR

1.02 Elect L. Michael Cutrer

MGMT

YES

FOR

1.03 Elect Donald N. Ecker

MGMT

YES

FOR

1.04 Elect Jonathan P. Gertler

MGMT

YES

FOR

1.05 Elect John A. Friede

MGMT

YES

FOR

1.06 Elect Mitchell H. Saranow

MGMT

YES

FOR

1.07 Elect Gary N. Wilner

MGMT

YES

FOR

1.08 Elect John W. Manzetti

MGMT

YES

FOR

1.09 Elect Nancy J. Wysenski

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

NTN Communications

NTN

629410309

4/23/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Robert M. Bennett

MGMT

YES

FOR

1.02 Elect Robert B. Clasen

MGMT

YES

FOR

1.03 Elect Esther L. Rodriguez

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Oil States International Inc

OIS

678026105

5/18/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Martin Lambert

MGMT

YES

FOR

1.02 Elect Mark G. Papa

MGMT

YES

FOR

1.03 Elect Stephen A. Wells

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 175 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Old Dominion Freight

ODFL

679580100

5/17/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Earl E. Congdon

MGMT

YES

FOR

1.02 Elect John R. Congdon

MGMT

YES

FOR

1.03 Elect J. Paul Breitbach

MGMT

YES

FOR

1.04 Elect David S. Congdon

MGMT

YES

FOR

1.05 Elect John R. Congdon Jr.

MGMT

YES

FOR

1.06 Elect Robert G. Culp III

MGMT

YES

FOR

1.07 Elect John A. Ebeling

MGMT

YES

FOR

1.08 Elect Harold G. Hoak

MGMT

YES

FOR

1.09 Elect Franz F. Holscher

MGMT

YES

FOR

2.00 Increase Authorized Common Stock

MGMT

YES

AGNST

OMNIVISION TECHNOLOGIES, INC.

OVTI

682128103

10/1/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

4.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

Page 176 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Patterson-UTI Energy Inc

PTEN

703481101

6/29/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Mark S. Siegel

MGMT

YES

FOR

1.02 Elect Cloyce A. Talbott

MGMT

YES

FOR

1.03 Elect A. Glenn Patterson

MGMT

YES

FOR

1.04 Elect Kenneth N. Berns

MGMT

YES

FOR

1.05 Elect Robert C. Gist

MGMT

YES

FOR

1.06 Elect Curtis W. Huff

MGMT

YES

FOR

1.07 Elect Terry H. Hunt

MGMT

YES

FOR

1.08 Elect Kenneth R. Peak

MGMT

YES

FOR

1.09 Elect Nadine C. Smith

MGMT

YES

FOR

2.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

AGNST

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Amend Stock Option Plan

MGMT

YES

AGNST

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

Peet’s Coffee & Tea

PEET

705560100

5/26/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Christopher P. Mottern

MGMT

YES

FOR

1.02 Elect Jean-Michel Valette

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Penwest Pharmaceuticals

PPCO

709754105

6/2/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Paul E. Freiman

MGMT

YES

WHOLD

AGNST

1.02 Elect Rolf H. Henel

MGMT

YES

WHOLD

AGNST

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Page 177 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Pinnacle Airlines

PNCL

723443107

5/14/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect James E. McGehee Jr.

MGMT

YES

FOR

1.02 Elect Philip H. Trenary

MGMT

YES

FOR

1.03 Elect Robert A. Peiser

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

PINNACLE SYSTEMS, INC.

PCLE

723481107

10/29/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

PLX Technology

PLXT

693417107

5/24/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Michael J. Salameh

MGMT

YES

FOR

1.02 Elect D. James Guzy

MGMT

YES

FOR

1.03 Elect Robert H. Smith

MGMT

YES

FOR

1.04 Elect Timothy Draper

MGMT

YES

FOR

1.05 Elect John H. Hart

MGMT

YES

FOR

2.00 Approve Common Stock Issuance

MGMT

YES

AGNST

3.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

4.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Page 178 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Power Integrations Inc

POWI

739276103

6/3/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect R. Scott Brown

MGMT

YES

FOR

1.02 Elect Steven J. Sharp

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Powerwave Technologies Inc

PWAV

739363109

4/27/2004

Special

Adviser: Fleming (JP Morgan)

1.00 Approve Merger/Acquisition

MGMT

YES

AGNST

2.00 Approve Common Stock Issuance

MGMT

YES

AGNST

Pozen

POZN

73941U102

6/22/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect James R. Butler

MGMT

YES

FOR

1.02 Elect Paul J. Rizzo

MGMT

YES

WHOLD

AGNST

1.03 Elect Ted G. Wood

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

AGNST

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 179 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

PrivateBancorp

PVTB

742962103

4/22/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Robert F. Coleman

MGMT

YES

FOR

1.02 Elect James M. Guyette

MGMT

YES

WHOLD

AGNST

1.03 Elect Philip M. Kayman

MGMT

YES

FOR

1.04 Elect Thomas F. Meagher

MGMT

YES

FOR

1.05 Elect William J. Podl

MGMT

YES

FOR

1.06 Elect William R. Rybak

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

ProAssurance Corp

PRA

74267C106

5/19/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Victor T. Adamo

MGMT

YES

FOR

1.02 Elect Paul R. Butrus

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Providence Service

PRSC

743815102

5/20/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Hunter Hurst III

MGMT

YES

FOR

1.02 Elect Steven I. Geringer

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 180 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Rare Hospitality International Inc

RARE

753820109

5/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect James D. Dixon

MGMT

YES

FOR

1.02 Elect Eugene I. Lee

MGMT

YES

FOR

1.03 Elect Ronald W. San Martin

MGMT

YES

FOR

1.04 Elect Roger L. Boeve

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

AGNST

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

Rigel Pharmaceuticals

RIGL

766559603

6/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Jean Deleage

MGMT

YES

FOR

1.02 Elect Alan D. Frazier

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

RUBY TUESDAY, INC.

781182100

10/7/2003

#Annual#

Adviser: Fleming (JP Morgan)

1.01 Elect Directors

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 SP-Review or Curb Bioengineering

SHLDR

YES

AGNST

Page 181 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Salix Pharmaceuticals Ltd

SLXP

795435106

6/17/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John F. Chappell

MGMT

YES

FOR

1.02 Elect Thomas W. D’Alonzo

MGMT

YES

FOR

1.03 Elect Richard A. Franco

MGMT

YES

FOR

1.04 Elect William P. Keane

MGMT

YES

FOR

1.05 Elect Carolyn J. Logan

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Sapient Corp

SAPE

803062108

5/25/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Darius W. Gaskins, Jr.

MGMT

YES

FOR

1.02 Elect Gary S. McKissock

MGMT

YES

FOR

1.03 Elect J. Stuart Moore

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Semtech Corp

SMTC

816850101

6/10/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John D. Poe

MGMT

YES

FOR

1.02 Elect Jason L. Carlson

MGMT

YES

FOR

1.03 Elect Rockell N. Hankin

MGMT

YES

FOR

1.04 Elect James T. Lindstrom

MGMT

YES

FOR

1.05 Elect Glen M. Antle

MGMT

YES

FOR

1.06 Elect John L. Piotrowski

MGMT

YES

FOR

1.07 Elect James P. Burra

MGMT

YES

FOR

1.08 Elect James T. Schraith

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 182 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

SRS Labs

SRSL

78464M106

6/30/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect David R. Dukes

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Superior Energy Services

SPN

868157108

5/25/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Terence E. Hall

MGMT

YES

FOR

1.02 Elect Joseph R. Edwards

MGMT

YES

FOR

1.03 Elect Justin L. Sullivan

MGMT

YES

FOR

1.04 Elect Ben A. Guill

MGMT

YES

FOR

1.05 Elect Richard A. Bachmann

MGMT

YES

FOR

1.06 Elect Richard A. Pattarozzi

MGMT

YES

FOR

1.07 Elect Enoch L. Dawkins

MGMT

YES

FOR

2.00 Adopt Director Stock Option Plan

MGMT

YES

AGNST

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Synplicity Inc

SYNP

87160Y108

5/18/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Bernard Aronson

MGMT

YES

FOR

1.02 Elect Prabhu Goel

MGMT

YES

FOR

1.03 Elect Kenneth S. McElvain

MGMT

YES

FOR

1.04 Elect Dennis Segers

MGMT

YES

FOR

1.05 Elect Scott J. Stallard

MGMT

YES

FOR

1.06 Elect Thomas Weatherford

MGMT

YES

FOR

1.07 Elect Alisa Yaffa

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 183 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

TBC Corp

TBCC

872180104

4/28/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Michael E. Dunlap

MGMT

YES

FOR

1.02 Elect Charles A. Ledsinger Jr.

MGMT

YES

FOR

1.03 Elect William J. McCarthy

MGMT

YES

FOR

1.04 Elect Raymond E. Schultz

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

AGNST

3.00 Approve Other Business

MGMT

YES

FOR

Tripath Imaging

TPTH

896942109

5/20/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Robert E. Curry

MGMT

YES

FOR

1.02 Elect Paul R. Sohmer

MGMT

YES

FOR

2.00 Add Shares to Director Stock Option Plan

MGMT

YES

AGNST

Tumbleweed Communications

TMWD

899690101

6/15/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Taher Elgamal

MGMT

YES

FOR

1.02 Elect Deborah D. Rieman

MGMT

YES

FOR

1.03 Elect James P. Scullion

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 184 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ultratech Inc

UTEK

904034105

6/3/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Arthur W. Zafiropoulo

MGMT

YES

FOR

1.02 Elect Joel F. Gemunder

MGMT

YES

FOR

1.03 Elect Nicholas Konidaris

MGMT

YES

FOR

1.04 Elect Rick Timmins

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Unit Corp

UNT

909218109

5/5/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John H. Williams

MGMT

YES

FOR

1.02 Elect William B. Morgan

MGMT

YES

FOR

1.03 Elect Larry D. Pinkston

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

United Online

UNTD

911268100

5/6/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Robert Berglass

MGMT

YES

FOR

1.02 Elect Kenneth L. Coleman

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

ValueClick

VCLK

92046N102

6/3/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect James R. Zarley

MGMT

YES

FOR

1.02 Elect David S. Buzby

MGMT

YES

FOR

1.03 Elect Martin T. Hart

MGMT

YES

FOR

1.04 Elect Tom A. Vadnais

MGMT

YES

FOR

1.05 Elect Jeffrey F. Rayport

MGMT

YES

FOR

Page 185 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Vitran Corp

VVN

92850E107

4/21/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Richard D. McGraw

MGMT

YES

FOR

1.02 Elect Albert Gnat

MGMT

YES

FOR

1.03 Elect Richard E. Gaetz

MGMT

YES

FOR

1.04 Elect William Deluce

MGMT

YES

FOR

Warnaco Group Inc

WRNC

934390402

5/19/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect David A. Bell

MGMT

YES

FOR

1.02 Elect Robert A. Bowman

MGMT

YES

FOR

1.03 Elect Richard Karl Goeltz

MGMT

YES

FOR

1.04 Elect Joseph R. Gromek

MGMT

YES

FOR

1.05 Elect Sheila Hopkins

MGMT

YES

FOR

1.06 Elect Charles R. Perrin

MGMT

YES

FOR

1.07 Elect Cheryl Turpin

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Wild Oats Markets Inc

OATS

96808B107

5/6/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect John A. Shields

MGMT

YES

FOR

1.02 Elect Brian K. Devine

MGMT

YES

FOR

1.03 Elect Stacey Bell

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 186 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Zoran

ZRAN

98975F101

6/18/2004

Annual

Adviser: Fleming (JP Morgan)

1.01 Elect Levy Gerzberg

MGMT

YES

FOR

1.02 Elect Uzia Galil

MGMT

YES

FOR

1.03 Elect James D. Meindl

MGMT

YES

FOR

1.04 Elect James B. Owens Jr.

MGMT

YES

FOR

1.05 Elect David Rynne

MGMT

YES

FOR

1.06 Elect Arthur B. Stabenow

MGMT

YES

FOR

1.07 Elect Philip M. Young

MGMT

YES

FOR

2.00 Add Shares to Director Stock Option Plan

MGMT

YES

AGNST

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

AGNST

4.00 Ratify Selection of Auditors

MGMT

YES

AGNST

Page 187 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: Target Small Cap Growth Portfolio Trust

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Andrew Corp

ANDW

034425108

2/10/2004

Annual

Adviser: West Cap

1.01 Elect John G. Bollinger

MGMT

YES

FOR

1.02 Elect Philip W. Colburn

MGMT

YES

FOR

1.03 Elect Thomas A. Donahoe

MGMT

YES

FOR

1.04 Elect Ralph E. Faison

MGMT

YES

FOR

1.05 Elect Jere D. Fluno

MGMT

YES

FOR

1.06 Elect William O. Hunt

MGMT

YES

FOR

1.07 Elect Charles R. Nicholas

MGMT

YES

FOR

1.08 Elect Robert G. Paul

MGMT

YES

FOR

1.09 Elect Gerald A. Poch

MGMT

YES

FOR

1.10 Elect Glen O. Toney

MGMT

YES

FOR

1.11 Elect Dennis L. Whipple

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Catapult Communications Corp

CATT

149016107

1/13/2004

Annual

Adviser: West Cap

1.01 Elect Peter S. Cross

MGMT

YES

FOR

1.02 Elect Richard A. Karp

MGMT

YES

WHOLD

AGNST

1.03 Elect Nancy H. Karp

MGMT

YES

WHOLD

AGNST

1.04 Elect Henry P. Massey Jr.

MGMT

YES

WHOLD

AGNST

1.05 Elect John M. Scandalios

MGMT

YES

FOR

1.06 Elect Charles L. Waggoner

MGMT

YES

FOR

2.00 Reapprove Option/Bonus Plan for OBRA

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 Approve Other Business

MGMT

YES

AGNST

Page 188 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO TRUST

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Factset Research Systems Inc

FDS

303075105

1/8/2004

Annual

Adviser: West Cap

1.01 Elect Scott A. Billeadeau

MGMT

YES

FOR

1.02 Elect Philip A. Hadley

MGMT

YES

FOR

1.03 Elect John C. Mickle

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Fair Isaac Corp

FIC

303250104

2/2/2004

Annual

Adviser: West Cap

1.01 Elect A. George Battle

MGMT

YES

FOR

1.02 Elect Tony J. Christianson

MGMT

YES

FOR

1.03 Elect Thomas G. Grudnowski

MGMT

YES

FOR

1.04 Elect Alex W. Hart

MGMT

YES

WHOLD

AGNST

1.05 Elect Philip G. Heasley

MGMT

YES

WHOLD

AGNST

1.06 Elect Guy R. Henshaw

MGMT

YES

FOR

1.07 Elect David S.P. Hopkins

MGMT

YES

FOR

1.08 Elect Margaret L. Taylor

MGMT

YES

WHOLD

AGNST

2.00 Increase Authorized Common Stock

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Hewitt Associates

HEW

42822Q100

1/28/2004

Annual

Adviser: West Cap

1.01 Elect Michael Greenlees

MGMT

YES

FOR

1.02 Elect James P. Kelly

MGMT

YES

FOR

1.03 Elect Steven P. Stanbrook

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 189 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP GROWTH PORTFOLIO TRUST

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Jacobs Engineering Group Inc

JEC

469814107

2/10/2004

Annual

Adviser: West Cap

1.01 Elect Robert C. Davidson Jr.

MGMT

YES

FOR

1.02 Elect Edward V. Fritzky

MGMT

YES

FOR

1.03 Elect Robert B. Gwyn

MGMT

YES

FOR

1.04 Elect Linda K. Jacobs

MGMT

YES

FOR

1.05 Elect Benjamin F. Montoya

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Planar Systems Inc

PLNR

726900103

1/29/2004

Annual

Adviser: West Cap

1.01 Elect Heinrich Stenger

MGMT

YES

FOR

1.02 Elect William D. Walker

MGMT

YES

FOR

Winnebago Industries

WGO

974637100

1/13/2004

Annual

Adviser: West Cap

1.01 Elect Joseph W. England

MGMT

YES

FOR

1.02 Elect Irvin E. Aal

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

Zoll Medical

ZOLL

989922109

2/11/2004

Annual

Adviser: West Cap

1.01 Elect Richard A. Packer

MGMT

YES

FOR

1.02 Elect James W. Biondi

MGMT

YES

FOR

1.03 Elect Robert J. Halliday

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

Page 190 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: Target Small Cap Value Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Sinclair Broadcasting Group

SBGI

829226109

8/7/2003

Annual

Adviser: Earnest Partners

1.01 Elect David D. Smith

MGMT

YES

WHOLD

AGNST

1.02 Elect Frederick G. Smith

MGMT

YES

WHOLD

AGNST

1.03 Elect J. Duncan Smith

MGMT

YES

WHOLD

AGNST

1.04 Elect Robert E. Smith

MGMT

YES

WHOLD

AGNST

1.05 Elect Basil A. Thomas

MGMT

YES

WHOLD

AGNST

1.06 Elect Lawrence E. McCanna

MGMT

YES

WHOLD

AGNST

1.07 Elect Daniel C. Keith

MGMT

YES

WHOLD

AGNST

1.08 Elect Martin Leader

MGMT

YES

WHOLD

AGNST

2.00 Elect Directors

MGMT

YES

AGNST

K-V Pharmaceutical Co.

KV.B

482740107

8/28/2003

Annual

Adviser: Earnest Partners

1.01 Elect Victor M. Hermelin

MGMT

YES

WHOLD

AGNST

1.02 Elect Alan G. Johnson

MGMT

YES

WHOLD

AGNST

Page 191 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target International Bond Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Fisher Francis Trees & Watts

There were no proxies voted for the time period 7/1/03 – 6/30/04

Page 192 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: Target Small Cap Value Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Albany International Corp

AIN

012348108

5/6/2004

Annual

Adviser: National City

1.01 Elect Frank R. Schmeler

MGMT

YES

FOR

1.02 Elect Thomas R. Beecher Jr.

MGMT

YES

FOR

1.03 Elect Francis L. McKone

MGMT

YES

FOR

1.04 Elect Barbara P. Wright

MGMT

YES

FOR

1.05 Elect Joseph G. Morone

MGMT

YES

FOR

1.06 Elect Christine L. Standish

MGMT

YES

FOR

1.07 Elect Erland E. Kailbourne

MGMT

YES

FOR

1.08 Elect John Standish

MGMT

YES

FOR

1.09 Elect Hugh J. Murphy

MGMT

YES

FOR

2.00 Amend Stock Award Plan

MGMT

YES

FOR

Alexander & Baldwin Inc

ALEX

014482103

4/22/2004

Annual

Adviser: National City

1.01 Elect Michael J. Chun

MGMT

YES

FOR

1.02 Elect W. Allen Doane

MGMT

YES

FOR

1.03 Elect Walter A. Dods Jr.

MGMT

YES

FOR

1.04 Elect Charles G. King

MGMT

YES

FOR

1.05 Elect Constance H. Lau

MGMT

YES

FOR

1.06 Elect Carson R. McKissick

MGMT

YES

FOR

1.07 Elect Maryanna G. Shaw

MGMT

YES

FOR

1.08 Elect Charles M. Stockholm

MGMT

YES

FOR

1.09 Elect Jeffrey N. Watanabe

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Add Shares to Director Stock Option Plan

MGMT

YES

FOR

3.00 Amend Director Stock Option Plan

MGMT

YES

FOR

Page 193 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

American Financial Group Inc

AFG

025932104

5/25/2004

Annual

Adviser: National City

1.01 Elect Carl H. Lindner

MGMT

YES

FOR

1.02 Elect Carl H. Lindner III

MGMT

YES

FOR

1.03 Elect S. Craig Lindner

MGMT

YES

FOR

1.04 Elect Theodore H. Emmerich

MGMT

YES

FOR

1.05 Elect James E. Evans

MGMT

YES

FOR

1.06 Elect Terry S. Jacobs

MGMT

YES

FOR

1.07 Elect William R. Martin

MGMT

YES

FOR

1.08 Elect William A. Shutzer

MGMT

YES

FOR

1.09 Elect William W. Verity

MGMT

YES

FOR

2.00 Adopt Director Stock Award Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

AmerUs Group Co

AMH

03072M108

5/13/2004

Annual

Adviser: National City

1.01 Elect Roger K. Brooks

MGMT

YES

FOR

1.02 Elect Thomas C. Godlasky

MGMT

YES

FOR

1.03 Elect Stephen Strome

MGMT

YES

FOR

1.04 Elect F.A. Wittern Jr.

MGMT

YES

FOR

2.00 Amend Deferred Compensation Plan

MGMT

YES

FOR

2.00 Amend Director Liability Provision

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 194 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Analogic Corp

ALOG

032657207

1/16/2004

Annual

Adviser: National City

1.01 Elect Bernard M. Gordon

MGMT

YES

FOR

1.02 Elect John A. Tarello

MGMT

YES

FOR

1.03 Elect John W. Wood Jr.

MGMT

YES

FOR

2.00 Add Shares to Stock Award Plan

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

Annaly Mortgage Management

NLY

035710409

5/27/2004

Annual

Adviser: National City

1.01 Elect Kevin P. Brady

MGMT

YES

FOR

1.02 Elect Donnell A. Segalas

MGMT

YES

FOR

1.03 Elect E. Wayne Nordberg

MGMT

YES

FOR

2.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.00 Approve Common Stock Issuance

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Arch Coal Inc

ACI

039380100

4/22/2004

Annual

Adviser: National City

1.01 Elect Steven F. Leer

MGMT

YES

FOR

1.02 Elect Robert G. Potter

MGMT

YES

FOR

1.03 Elect Theodore D. Sands

MGMT

YES

FOR

Page 195 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

ArvinMeritor Inc

ARM

043353101

2/18/2004

Annual

Adviser: National City

1.01 Elect Rhonda L. Brooks

MGMT

YES

FOR

1.02 Elect William R. Newlin

MGMT

YES

FOR

1.03 Elect Terrence E. O’Rourke

MGMT

YES

FOR

1.04 Elect Larry D. Yost

MGMT

YES

FOR

1.05 Elect Richard W. Hanselman

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Director Stock Option Plan

MGMT

YES

FOR

Atmos Energy Corp

ATO

049560105

2/11/2004

Annual

Adviser: National City

1.01 Elect Robert W. Best

MGMT

YES

FOR

1.02 Elect Thomas J. Garland

MGMT

YES

FOR

1.03 Elect Phillip E. Nichol

MGMT

YES

FOR

1.04 Elect Charles K. Vaughan

MGMT

YES

FOR

BancorpSouth Inc

BXS

059692103

4/28/2004

Annual

Adviser: National City

1.01 Elect Aubrey B. Patterson

MGMT

YES

FOR

1.02 Elect Larry G. Kirk

MGMT

YES

FOR

1.03 Elect Guy W. Mitchell, III

MGMT

YES

FOR

1.04 Elect R. Madison Murphy

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 196 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Banta Corp

066821109

4/27/2004

Annual

Adviser: National City

1.01 Elect Jameson A. Baxter

MGMT

YES

FOR

1.02 Elect John F. Bergstrom

MGMT

YES

FOR

1.03 Elect Henry T. DeNero

MGMT

YES

FOR

1.04 Elect Paul C. Reyelts

MGMT

YES

FOR

1.05 Elect Raymond C. Richelsen

MGMT

YES

FOR

1.06 Elect Stephanie A. Streeter

MGMT

YES

FOR

1.07 Elect Michael J. Winkler

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Barnes Group Inc

067806109

4/14/2004

Annual

Adviser: National City

1.01 Elect John W. Alden

MGMT

YES

FOR

1.02 Elect George T. Carpenter

MGMT

YES

FOR

1.03 Elect Frank E. Grzelecki

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Amend Deferred Compensation Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 197 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Borders Group Inc

BGP

099709107

5/20/2004

Annual

Adviser: National City

1.01 Elect Joel J. Cohen

MGMT

YES

FOR

1.02 Elect Robert F. DiRomualdo

MGMT

YES

FOR

1.03 Elect Gregory P. Josefowicz

MGMT

YES

FOR

1.04 Elect Amy B. Lane

MGMT

YES

FOR

1.05 Elect Victor L. Lund

MGMT

YES

FOR

1.06 Elect Edna Greene Medford

MGMT

YES

FOR

1.07 Elect George R. Mrkonic Jr.

MGMT

YES

FOR

1.08 Elect Lawrence I. Pollock

MGMT

YES

FOR

1.09 Elect Beth M. Pritchard

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Brown Shoe Co Inc

BWS

115736100

5/27/2004

Annual

Adviser: National City

1.01 Elect Julie C. Esrey

MGMT

YES

FOR

1.02 Elect W. Patrick McGinnis

MGMT

YES

FOR

1.03 Elect Richard A. Liddy

MGMT

YES

FOR

1.04 Elect Hal J. Upbin

MGMT

YES

FOR

Cabot Oil & Gas Corp

COG

127097103

4/29/2004

Annual

Adviser: National City

1.01 Elect Robert F. Bailey

MGMT

YES

FOR

1.02 Elect John G.L. Cabot

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 198 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Callaway Golf Co

ELY

131193104

5/25/2004

Annual

Adviser: National City

1.01 Elect Ronald A. Drapeau

MGMT

YES

FOR

1.02 Elect Samuel H. Armacost

MGMT

YES

FOR

1.03 Elect William C. Baker

MGMT

YES

FOR

1.04 Elect Ronald S. Beard

MGMT

YES

FOR

1.05 Elect John C. Cushman III

MGMT

YES

FOR

1.06 Elect Yotaro Kobayashi

MGMT

YES

FOR

1.07 Elect Richard L. Rosenfield

MGMT

YES

FOR

1.08 Elect Anthony S. Thornley

MGMT

YES

FOR

2.00 Amend Employee Stock Purchase Plan

MGMT

YES

FOR

3.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

Chittenden Corp

CHZ

170228100

4/21/2004

Annual

Adviser: National City

1.01 Elect Charles W. Smith

MGMT

YES

FOR

1.02 Elect Pall D. Spera

MGMT

YES

FOR

1.03 Elect Owen W. Wells

MGMT

YES

FOR

Cleco Corp

CNL

12561W105

4/23/2004

Annual

Adviser: National City

1.01 Elect Sherian G. Cadoria

MGMT

YES

FOR

1.02 Elect Richard B. Crowell

MGMT

YES

FOR

1.03 Elect David M. Eppler

MGMT

YES

FOR

1.04 Elect W. Larry Westbrook

MGMT

YES

FOR

Page 199 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Commercial Federal

CFB

201647104

5/11/2004

Annual

Adviser: National City

1.01 Elect Talton K. Anderson

MGMT

YES

FOR

1.02 Elect James P. O’Donnell

MGMT

YES

FOR

1.03 Elect Robert J. Hutchinson

MGMT

YES

FOR

1.04 Elect Jane E. Miller

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Corn Products International Inc

CPO

219023108

5/19/2004

Annual

Adviser: National City

1.01 Elect Karen L. Hendricks

MGMT

YES

FOR

1.02 Elect Bernard H. Kastory

MGMT

YES

FOR

1.03 Elect Barbara A. Klein

MGMT

YES

FOR

1.04 Elect Samuel C. Scott III

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Crane Co

224399105

4/26/2004

Annual

Adviser: National City

1.01 Elect Karen E. Dykstra

MGMT

YES

FOR

1.02 Elect Richard S. Forte

MGMT

YES

FOR

1.03 Elect William E. Lipner

MGMT

YES

FOR

1.04 Elect James L.L. Tullis

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Approve Annual Bonus Plan

MGMT

YES

FOR

5.00 SP-Review or Implement MacBride Principles

SHLDR

YES

AGNST

FOR

Page 200 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Curtiss-Wright Corp

231561101

4/23/2004

Annual

Adviser: National City

1.01 Elect Martin R. Benante

MGMT

YES

FOR

1.02 Elect James B. Busey IV

MGMT

YES

FOR

1.03 Elect David Lasky

MGMT

YES

FOR

1.04 Elect Carl G. Miller

MGMT

YES

FOR

1.05 Elect William B. Mitchell

MGMT

YES

FOR

1.06 Elect John R. Myers

MGMT

YES

FOR

1.07 Elect William W. Sihler

MGMT

YES

FOR

1.08 Elect J. McLain Stewart

MGMT

YES

FOR

2.01 Elect S. Marce Fuller

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

Delphi Financial Group

DFG

247131105

5/5/2004

Annual

Adviser: National City

1.01 Elect Donald A. Sherman

MGMT

YES

FOR

1.02 Elect Robert Rosenkranz

MGMT

YES

FOR

1.03 Elect Robert M. Smith Jr.

MGMT

YES

FOR

1.04 Elect Lawrence E. Daurelle

MGMT

YES

FOR

1.05 Elect Edward A. Fox

MGMT

YES

FOR

1.06 Elect Van D. Greenfield

MGMT

YES

FOR

1.07 Elect Harold F. Ilg

MGMT

YES

FOR

1.08 Elect James N. Meehan

MGMT

YES

FOR

1.09 Elect Philip R. O’Connor

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 SP-Sever Links with Tobacco Industry

SHLDR

YES

FOR

AGNST

4.00 Approve Other Business

MGMT

YES

AGNST

Page 201 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Energen Corp

EGN

29265N108

4/28/2004

Annual

Adviser: National City

1.01 Elect Stephen D. Ban

MGMT

YES

FOR

1.02 Elect Julian W. Banton

MGMT

YES

FOR

1.03 Elect T. Michael Goodrich

MGMT

YES

FOR

1.04 Elect William Michael Warren Jr.

MGMT

YES

FOR

1.05 Elect David W. Wilson

MGMT

YES

FOR

Equity One

EQY

294752100

5/21/2004

Annual

Adviser: National City

1.01 Elect Noam Ben-Ozer

MGMT

YES

FOR

1.02 Elect Robert L. Cooney

MGMT

YES

FOR

1.03 Elect Patrick L. Flinn

MGMT

YES

FOR

1.04 Elect Nathan Hetz

MGMT

YES

FOR

1.05 Elect Chaim Katzman

MGMT

YES

FOR

1.06 Elect Peter Linneman

MGMT

YES

FOR

1.07 Elect Shaiy Pilpel

MGMT

YES

FOR

1.08 Elect Dori Segal

MGMT

YES

FOR

1.09 Elect Doron Valero

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

2.00 Amend Stock Option Plan

MGMT

YES

FOR

First Industrial Realty Trust

32054K103

5/12/2004

Annual

Adviser: National City

1.01 Elect Jay H. Shidler

MGMT

YES

FOR

1.02 Elect J. Steven Wilson

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 202 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Florida Rock Industries

FRK

341140101

2/4/2004

Annual

Adviser: National City

1.01 Elect Thompson S. Baker II

MGMT

YES

FOR

1.02 Elect Luke E. Fichthorn III

MGMT

YES

FOR

1.03 Elect Tillie K. Fowler

MGMT

YES

FOR

1.04 Elect Francis X. Knott

MGMT

YES

FOR

1.05 Elect William H. Walton III

MGMT

YES

FOR

Fremont General Corp

FMT

357288109

5/20/2004

Annual

Adviser: National City

1.01 Elect James A. McIntyre

MGMT

YES

FOR

1.02 Elect Louis J. Rampino

MGMT

YES

FOR

1.03 Elect Wayne R. Bailey

MGMT

YES

FOR

1.04 Elect Thomas W. Hayes

MGMT

YES

FOR

1.05 Elect Robert F. Lewis

MGMT

YES

FOR

1.06 Elect Russell K. Mayerfeld

MGMT

YES

FOR

1.07 Elect Dickinson C. Ross

MGMT

YES

FOR

2.00 Approve Annual Bonus Plan

MGMT

YES

FOR

3.00 Approve Long-Term Bonus Plan

MGMT

YES

FOR

4.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

5.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 203 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

GATX Corp

GMT

361448103

4/23/2004

Annual

Adviser: National City

1.01 Elect Rodney F. Dammeyer

MGMT

YES

FOR

1.02 Elect James M. Denny

MGMT

YES

FOR

1.03 Elect Richard M. Fairbanks III

MGMT

YES

FOR

1.04 Elect Deborah M. Fretz

MGMT

YES

FOR

1.05 Elect Miles L. Marsh

MGMT

YES

FOR

1.06 Elect Michael E. Murphy

MGMT

YES

FOR

1.07 Elect Ronald H. Zech

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Stock Option Plan

MGMT

YES

FOR

4.00 Approve Annual Bonus Plan

MGMT

YES

FOR

Harland (John H) Co

412693103

4/22/2004

Annual

Adviser: National City

1.01 Elect John J. McMahon Jr.

MGMT

YES

FOR

1.02 Elect Larry L. Prince

MGMT

YES

FOR

1.03 Elect Jesse J. Spikes

MGMT

YES

FOR

Harsco Corp

HSC

415864107

4/27/2004

Annual

Adviser: National City

1.01 Elect G. D. H. Butler

MGMT

YES

FOR

1.02 Elect James I. Scheiner

MGMT

YES

FOR

1.03 Elect Robert C. Wilburn

MGMT

YES

FOR

2.00 Amend Director Stock Option Plan

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 204 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Healthcare Realty Trust

421946104

5/11/2004

Annual

Adviser: National City

1.01 Elect Marliese E. Mooney

MGMT

YES

FOR

1.02 Elect Edwin B. Morris III

MGMT

YES

FOR

1.03 Elect John Knox Singleton

MGMT

YES

FOR

Helmerich & Payne

423452101

3/3/2004

Annual

Adviser: National City

1.01 Elect Hans Helmerich

MGMT

YES

FOR

1.02 Elect George S. Dotson

MGMT

YES

FOR

1.03 Elect Paula Marshall-Chapman

MGMT

YES

FOR

HRPT Properties Trust

HRP

40426W101

5/11/2004

Annual

Adviser: National City

1.01 Elect Patrick F. Donelan

MGMT

YES

FOR

Hughes Supply Inc

HUG

444482103

5/20/2004

Annual

Adviser: National City

1.01 Elect John D. Baker II

MGMT

YES

FOR

1.02 Elect Dale E. Jones

MGMT

YES

FOR

1.03 Elect William P. Kennedy

MGMT

YES

FOR

1.04 Elect Patrick J. Knipe

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Page 205 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

IHOP Corp

IHP

449623107

5/25/2004

Annual

Adviser: National City

1.01 Elect Frank Edelstein

MGMT

YES

FOR

1.02 Elect Caroline W. Nahas

MGMT

YES

FOR

1.03 Elect Richard J. Dahl

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Imation Corp

IMN

45245A107

5/5/2004

Annual

Adviser: National City

1.01 Elect Glen A. Taylor

MGMT

YES

FOR

1.02 Elect Daryl J. White

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Invacare Corp

IVC

461203101

5/26/2004

Annual

Adviser: National City

1.01 Elect Gerald B. Blouch

MGMT

YES

FOR

1.02 Elect John R. Kasich

MGMT

YES

FOR

1.03 Elect Dan T. Moore III

MGMT

YES

FOR

1.04 Elect Joseph B. Richey II

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Kellwood Co

KWD

488044108

6/3/2004

Annual

Adviser: National City

1.01 Elect Martin Bloom

MGMT

YES

FOR

1.02 Elect Martin J. Granoff

MGMT

YES

FOR

1.03 Elect Robert C. Skinner

MGMT

YES

FOR

1.04 Elect Hal J. Upbin

MGMT

YES

FOR

2.00 SP-Review Global Labor Practices

SHLDR

YES

FOR

AGNST

Page 206 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

LandAmerica Financial Group

LFG

514936103

5/26/2004

Annual

Adviser: National City

1.01 Elect Theodore L. Chandler Jr.

MGMT

YES

FOR

1.02 Elect Charles H. Foster Jr.

MGMT

YES

FOR

1.03 Elect Robert T. Skunda

MGMT

YES

FOR

1.04 Elect Marshall B. Wishnack

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

2.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

3.00 Adopt Deferred Compensation Plan

MGMT

YES

FOR

Landry’s Restaurants Inc

LNY

51508L103

6/3/2004

Annual

Adviser: National City

1.01 Elect Tilman J. Fertitta

MGMT

YES

FOR

1.02 Elect Steven L. Scheinthal

MGMT

YES

FOR

1.03 Elect Paul S. West

MGMT

YES

FOR

1.04 Elect Michael S. Chadwick

MGMT

YES

FOR

1.05 Elect Michael Richmond

MGMT

YES

FOR

1.06 Elect Joe Max Taylor

MGMT

YES

FOR

1.07 Elect Kenneth Brimmer

MGMT

YES

FOR

Lincoln Electric Holdings Inc

LECO

533900106

4/29/2004

Annual

Adviser: National City

1.01 Elect Ranko Cucuz

MGMT

YES

FOR

1.02 Elect Kathryn Jo Lincoln

MGMT

YES

FOR

1.03 Elect Anthony A. Massaro

MGMT

YES

FOR

1.04 Elect George H. Walls

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Page 207 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lubrizol Corp

549271104

4/26/2004

Annual

Adviser: National City

1.01 Elect James L. Hambrick

MGMT

YES

FOR

1.02 Elect Gordon D. Harnett

MGMT

YES

FOR

1.03 Elect Victoria F. Haynes

MGMT

YES

FOR

1.04 Elect William P. Madar

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

M/I Homes Inc

MHO

55305B101

4/28/2004

Annual

Adviser: National City

1.01 Elect Friedrich K. M. Bohm

MGMT

YES

FOR

1.02 Elect Jeffrey H. Miro

MGMT

YES

FOR

1.03 Elect Robert H. Schottenstein

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Massey Energy Co

MEE

576206106

5/18/2004

Annual

Adviser: National City

1.01 Elect William R. Grant

MGMT

YES

FOR

1.02 Elect Dan R. Moore

MGMT

YES

FOR

1.03 Elect Martha R. Seger

MGMT

YES

FOR

2.00 SP-Golden Parachutes

SHLDR

YES

FOR

AGNST

Page 208 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Maytag Corp

MYG

578592107

5/13/2004

Annual

Adviser: National City

1.01 Elect Wayland R. Hicks

MGMT

YES

FOR

1.02 Elect James A. McCaslin

MGMT

YES

FOR

1.03 Elect W. Ann Reynolds

MGMT

YES

FOR

1.04 Elect Fred G. Steingraber

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

4.00 Eliminate Supermajority Requirement

MGMT

YES

FOR

5.00 SP-Repeal Classified Board

SHLDR

YES

AGNST

FOR

6.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

MDC Holdings Inc

MDC

552676108

4/26/2004

Annual

Adviser: National City

1.01 Elect Herbert T. Buchwald

MGMT

YES

FOR

1.02 Elect Larry A. Mizel

MGMT

YES

FOR

2.00 SP-Report on Sustainability

SHLDR

YES

FOR

AGNST

National Fuel Gas Co

NFG

636180101

2/19/2004

Annual

Adviser: National City

1.01 Elect Philip C. Ackerman

MGMT

YES

FOR

1.02 Elect Bernard S. Lee

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Cap Executive Pay

SHLDR

YES

AGNST

FOR

Page 209 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Nationwide Health Properties

NHP

638620104

4/16/2004

Annual

Adviser: National City

1.01 Elect David R. Banks

MGMT

YES

FOR

1.02 Elect Douglas M. Pasquale

MGMT

YES

FOR

1.03 Elect Jack D. Samuelson

MGMT

YES

FOR

New Plan Excel Realty Trust

NXL

648053106

5/12/2004

Annual

Adviser: National City

1.01 Elect Norman Gold

MGMT

YES

FOR

1.02 Elect Nina B. Matis

MGMT

YES

FOR

1.03 Elect William Newman

MGMT

YES

FOR

1.04 Elect George R. Puskar

MGMT

YES

FOR

Page 210 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Nicor Inc

GAS

654086107

4/15/2004

Annual

Adviser: National City

1.01 Elect Robert M. Beavers Jr.

MGMT

YES

FOR

1.02 Elect Bruce P. Bickner

MGMT

YES

FOR

1.03 Elect John H. Birdsall III

MGMT

YES

FOR

1.04 Elect Thomas A. Donahoe

MGMT

YES

FOR

1.05 Elect Thomas L. Fisher

MGMT

YES

FOR

1.06 Elect John E. Jones

MGMT

YES

FOR

1.07 Elect Dennis J. Keller

MGMT

YES

FOR

1.08 Elect William A. Osborn

MGMT

YES

FOR

1.09 Elect John Rau

MGMT

YES

FOR

1.10 Elect John F. Riordan

MGMT

YES

FOR

1.11 Elect Russ M. Strobel

MGMT

YES

FOR

1.12 Elect Patricia A. Wier

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Redeem or Vote on Poison Pill

SHLDR

YES

AGNST

FOR

Northwest Natural Gas Co

NWN

667655104

5/27/2004

Annual

Adviser: National City

1.01 Elect Tod R. Hamachek

MGMT

YES

FOR

1.02 Elect Melody C. Teppola

MGMT

YES

FOR

1.03 Elect Russell F. Tromley

MGMT

YES

FOR

OGE Energy Corp

OGE

670837103

5/20/2004

Annual

Adviser: National City

1.01 Elect Luke R. Corbett

MGMT

YES

FOR

1.02 Elect Robert Kelley

MGMT

YES

FOR

1.03 Elect J. D. Williams

MGMT

YES

FOR

Page 211 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Old National Bancorp

ONB

680033107

4/29/2004

Annual

Adviser: National City

1.01 Elect David E. Eckerle

MGMT

YES

FOR

1.02 Elect Niel C. Ellerbrook

MGMT

YES

FOR

1.03 Elect Kelly N. Stanley

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Owens & Minor Inc

OMI

690732102

4/29/2004

Annual

Adviser: National City

1.01 Elect A. Marshall Acuff Jr.

MGMT

YES

FOR

1.02 Elect Henry A. Berling

MGMT

YES

FOR

1.03 Elect James B. Farinholt Jr.

MGMT

YES

FOR

1.04 Elect Anne Marie Whittemore

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Peoples Energy Corp

PGL

711030106

2/27/2004

Annual

Adviser: National City

1.01 Elect James R. Boris

MGMT

YES

FOR

1.02 Elect William J. Brodsky

MGMT

YES

FOR

1.03 Elect Pastora San Juan Cafferty

MGMT

YES

FOR

1.04 Elect John W. Higgins

MGMT

YES

FOR

1.05 Elect Dipak C. Jain

MGMT

YES

FOR

1.06 Elect Michael E. Lavin

MGMT

YES

FOR

1.07 Elect Homer J. Livingston Jr.

MGMT

YES

FOR

1.08 Elect Thomas M. Patrick

MGMT

YES

FOR

1.09 Elect Richard P. Toft

MGMT

YES

FOR

1.10 Elect Arthur R. Velasquez

MGMT

YES

FOR

2.00 Adopt Stock Award Plan

MGMT

YES

FOR

Page 212 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

PepsiAmericas Inc

PAS

71343P200

4/22/2004

Annual

Adviser: National City

1.01 Elect Brenda C. Barnes

MGMT

YES

FOR

1.02 Elect Herbert M. Baum

MGMT

YES

FOR

1.03 Elect Richard G. Cline

MGMT

YES

FOR

1.04 Elect Pierre S. du Pont IV

MGMT

YES

FOR

1.05 Elect Archie R. Dykes

MGMT

YES

FOR

1.06 Elect Jarobin Gilbert Jr.

MGMT

YES

FOR

1.07 Elect Matthew M. McKenna

MGMT

YES

FOR

1.08 Elect Lionel L. Nowell III

MGMT

YES

FOR

1.09 Elect Robert C. Pohlad

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Ratify Selection of Auditors

MGMT

YES

FOR

4.00 SP-Restrict Executive Compensation

SHLDR

YES

AGNST

FOR

5.00 SP-Control Generation of Pollutants

SHLDR

YES

AGNST

FOR

PNM Resources Inc

PNM

69349H107

5/18/2004

Annual

Adviser: National City

1.01 Elect Bonnie S. Reitz

MGMT

YES

FOR

1.02 Elect Jeffry E. Sterba

MGMT

YES

FOR

1.03 Elect Joan B. Woodard

MGMT

YES

FOR

1.04 Elect Adelmo E. Archuleta

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 213 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Potlatch Corp

PCH

737628107

5/3/2004

Annual

Adviser: National City

1.01 Elect Gregory L. Quesnel

MGMT

YES

FOR

1.02 Elect Michael T. Riordan

MGMT

YES

FOR

1.03 Elect L. Pendleton Siegel

MGMT

YES

FOR

2.00 Report on Dividend Policy

SHLDR

YES

AGNST

FOR

3.00 Time-Phased Voting Rights

SHLDR

YES

AGNST

FOR

Provident Financial Group Inc

PFGI

743866105

5/20/2004

Special

Adviser: National City

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

2.00 Adjourn Meeting

MGMT

YES

FOR

Quanex Corp

747620102

2/26/2004

Annual

Adviser: National City

1.01 Elect Vincent R. Scorsone

MGMT

YES

FOR

1.02 Elect Joseph J. Ross

MGMT

YES

FOR

1.03 Elect Richard L. Welleck

MGMT

YES

FOR

2.00 Adopt Employee Stock Purchase Plan

MGMT

YES

FOR

Page 214 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Range Resources

RRC

75281A109

5/19/2004

Annual

Adviser: National City

1.01 Elect Robert E. Aikman

MGMT

YES

FOR

1.02 Elect Charles L. Blackburn

MGMT

YES

FOR

1.03 Elect Anthony V. Dub

MGMT

YES

FOR

1.04 Elect V. Richard Eales

MGMT

YES

FOR

1.05 Elect Allen Finkelson

MGMT

YES

FOR

1.06 Elect Jonathan S. Linker

MGMT

YES

FOR

1.07 Elect John H. Pinkerton

MGMT

YES

FOR

2.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

Regal Beloit

RBC

758750103

4/22/2004

Annual

Adviser: National City

1.01 Elect John A. McKay

MGMT

YES

FOR

1.02 Elect G. Frederick Kasten

MGMT

YES

FOR

1.03 Elect Christopher L. Doerr

MGMT

YES

FOR

Rock-Tenn Co

RKT

772739207

1/23/2004

Annual

Adviser: National City

1.01 Elect Stephen G. Anderson

MGMT

YES

FOR

1.02 Elect Robert B. Currey

MGMT

YES

FOR

1.03 Elect Lawrence L. Gellerstedt III

MGMT

YES

FOR

1.04 Elect John W. Spiegel

MGMT

YES

FOR

1.05 Elect James W. Young

MGMT

YES

FOR

2.00 Add Shares to Employee Stock Purchase Plan

MGMT

YES

FOR

Page 215 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Ruddick Corp

RDK

781258108

2/19/2004

Annual

Adviser: National City

1.01 Elect Alan T. Dickson

MGMT

YES

FOR

1.02 Elect Anna Spangler Nelson

MGMT

YES

FOR

1.03 Elect Bailey W. Patrick

MGMT

YES

FOR

1.04 Elect Robert H. Spilman Jr.

MGMT

YES

FOR

Russ Berrie & Co Inc

RUS

782233100

5/5/2004

Annual

Adviser: National City

1.01 Elect Raphael Benaroya

MGMT

YES

FOR

1.02 Elect Angelica Berrie

MGMT

YES

FOR

1.03 Elect Carl Epstein

MGMT

YES

FOR

1.04 Elect Andrew R. Gatto

MGMT

YES

FOR

1.05 Elect Ilan Kaufthal

MGMT

YES

FOR

1.06 Elect Charles Klatskin

MGMT

YES

FOR

1.07 Elect Joseph Kling

MGMT

YES

FOR

1.08 Elect William A. Landman

MGMT

YES

FOR

1.09 Elect Sidney Slauson

MGMT

YES

FOR

1.10 Elect Josh S. Weston

MGMT

YES

FOR

Russell Corp

RML

782352108

4/21/2004

Annual

Adviser: National City

1.01 Elect C. V. Nalley III

MGMT

YES

FOR

1.02 Elect John R. Thomas

MGMT

YES

FOR

1.03 Elect John A. White

MGMT

YES

FOR

2.00 Approve Reincorporation

MGMT

YES

FOR

Page 216 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Select Medical Corp

SEM

816196109

5/10/2004

Annual

Adviser: National City

1.01 Elect Russell L. Carson

MGMT

YES

FOR

1.02 Elect Rocco A. Ortenzio

MGMT

YES

FOR

1.03 Elect Leopold Swergold

MGMT

YES

FOR

2.00 Approve Other Business

MGMT

YES

FOR

Sensient Technologies Corp

SXT

81725T100

4/22/2004

Annual

Adviser: National City

1.01 Elect Michael E. Batten

MGMT

YES

FOR

1.02 Elect Fergus M. Clydesdale

MGMT

YES

FOR

1.03 Elect James A.D. Croft

MGMT

YES

FOR

1.04 Elect Essie M. Whitelaw

MGMT

YES

FOR

2.00 Amend Director Stock Option Plan

MGMT

YES

FOR

2.00 Add Shares to Director Stock Option Plan

MGMT

YES

FOR

3.00 Amend Annual Bonus Plan

MGMT

YES

FOR

AGNST

4.00 Ratify Selection of Auditors

MGMT

YES

FOR

Shurgard Storage Centers

SHU

82567D104

6/29/2004

Annual

Adviser: National City

1.01 Elect Anna Karin Andrews

MGMT

YES

FOR

1.02 Elect Charles K. Barbo

MGMT

YES

FOR

1.03 Elect Howard P. Behar

MGMT

YES

FOR

1.04 Elect Richard P. Fox

MGMT

YES

FOR

2.00 Adopt Stock Option Plan

MGMT

YES

FOR

Page 217 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

St. Mary Land & Exploration Co

792228108

5/26/2004

Annual

Adviser: National City

1.01 Elect Barbara M. Baumann

MGMT

YES

FOR

1.02 Elect Larry W. Bickle

MGMT

YES

FOR

1.03 Elect Ronald D. Boone

MGMT

YES

FOR

1.04 Elect Thomas E. Congdon

MGMT

YES

FOR

1.05 Elect William J. Gardiner

MGMT

YES

FOR

1.06 Elect Mark A. Hellerstein

MGMT

YES

FOR

1.07 Elect John M. Seidl

MGMT

YES

FOR

1.08 Elect William D. Sullivan

MGMT

YES

FOR

2.00 Elect Directors

MGMT

YES

FOR

Susquehanna Bancshares Inc

SUSQ

869099101

4/21/2004

Special

Adviser: National City

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

1.00 Approve Merger/Acquisition

MGMT

YES

FOR

Susquehanna Bancshares Inc

SUSQ

869099101

6/10/2004

Annual

Adviser: National City

1.01 Elect Wayne E. Alter Jr.

MGMT

YES

FOR

1.02 Elect James G. Apple

MGMT

YES

FOR

1.03 Elect John M. Denlinger

MGMT

YES

FOR

1.04 Elect Chloe R. Eichelberger

MGMT

YES

FOR

1.05 Elect T. Max Hall

MGMT

YES

FOR

1.06 Elect William B. Zimmerman

MGMT

YES

FOR

1.07 Elect E. Susan Piersol

MGMT

YES

FOR

Page 218 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Teleflex Inc

TFX

879369106

4/30/2004

Annual

Adviser: National City

1.01 Elect Patricia C. Barron

MGMT

YES

FOR

1.02 Elect Donald Beckman

MGMT

YES

FOR

1.03 Elect James W. Zug

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

United Auto Group Inc

UAG

909440109

3/26/2004

Special

Adviser: National City

1.00 Approve Common Stock Issuance

MGMT

YES

FOR

Page 219 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

United Auto Group Inc

UAG

909440109

5/21/2004

Annual

Adviser: National City

1.00 Repeal Classified Board

MGMT

YES

FOR

2.01 Elect John Barr

MGMT

YES

FOR

2.02 Elect Michael R. Eisenson

MGMT

YES

FOR

2.03 Elect James A. Hislop

MGMT

YES

FOR

2.04 Elect Hiroshi Ishikawa

MGMT

YES

FOR

2.05 Elect William J. Lovejoy

MGMT

YES

FOR

2.06 Elect Eustace W. Mita

MGMT

YES

FOR

2.07 Elect Lucio A. Noto

MGMT

YES

FOR

2.08 Elect Roger S. Penske

MGMT

YES

FOR

2.09 Elect Richard J. Peters

MGMT

YES

FOR

2.10 Elect Ronald G. Steinhart

MGMT

YES

FOR

2.11 Elect H. Brian Thompson

MGMT

YES

FOR

3.01 Elect Michael R. Eisenson

MGMT

YES

FOR

3.02 Elect Hiroshi Ishikawa

MGMT

YES

FOR

3.03 Elect William J. Lovejoy

MGMT

YES

FOR

3.04 Elect H. Brian Thompson

MGMT

YES

FOR

4.00 Elect Directors

MGMT

YES

FOR

USF Corp

USFC

91729Q101

5/4/2004

Annual

Adviser: National City

1.01 Elect Richard P. DiStasio

MGMT

YES

FOR

1.02 Elect Neil A. Springer

MGMT

YES

FOR

Page 220 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Valmont Industries

VMI

920253101

4/26/2004

Annual

Adviser: National City

1.01 Elect Thomas F. Madison

MGMT

YES

FOR

1.02 Elect Stephen R. Lewis, Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Vectren Corp

VVC

92240G101

4/28/2004

Annual

Adviser: National City

1.01 Elect John D. Engelbrecht

MGMT

YES

FOR

1.02 Elect William G. Mays

MGMT

YES

FOR

1.03 Elect J. Timothy McGinley

MGMT

YES

FOR

1.04 Elect Richard P. Rechter

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Expense Stock Options

SHLDR

YES

AGNST

FOR

Vintage Petroleum Inc

VPI

927460105

5/11/2004

Annual

Adviser: National City

1.01 Elect William L. Abernathy

MGMT

YES

FOR

1.02 Elect Bryan H. Lawrence

MGMT

YES

FOR

1.03 Elect Gerald J. Maier

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 221 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Westar Energy Inc

95709T100

5/18/2004

Annual

Adviser: National City

1.01 Elect B. Anthony Isaac

MGMT

YES

FOR

1.02 Elect Michael F. Morrissey

MGMT

YES

FOR

1.03 Elect John C. Nettels Jr.

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Equal Access to the Proxy

SHLDR

YES

AGNST

FOR

Western Gas Resources Inc

WGR

958259103

5/7/2004

Annual

Adviser: National City

1.01 Elect James A. Senty

MGMT

YES

FOR

1.02 Elect Dean Phillips

MGMT

YES

FOR

1.03 Elect Bill M. Sanderson

MGMT

YES

FOR

1.04 Elect Walter L. Stonehocker

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

Page 222 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio Trust

Manager: Prudential

Fund: TARGET SMALL CAP VALUE PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

WGL Holdings Inc

WGL

92924F106

3/2/2004

Annual

Adviser: National City

1.01 Elect Michael D. Barnes

MGMT

YES

FOR

1.02 Elect Daniel J. Callahan III

MGMT

YES

FOR

1.03 Elect George Patrick Clancy Jr.

MGMT

YES

FOR

1.04 Elect James H. DeGraffenreidt Jr.

MGMT

YES

FOR

1.05 Elect James W Dyke Jr

MGMT

YES

FOR

1.06 Elect Melvyn J. Estrin

MGMT

YES

FOR

1.07 Elect James F LaFond

MGMT

YES

FOR

1.08 Elect Debra L. Lee

MGMT

YES

FOR

1.09 Elect Karen Hastie Williams

MGMT

YES

FOR

2.00 Ratify Selection of Auditors

MGMT

YES

FOR

3.00 SP-Adopt Cumulative Voting

SHLDR

YES

AGNST

FOR

York International Corp

YRK

986670107

5/20/2004

Annual

Adviser: National City

1.01 Elect W. Michael Clevy

MGMT

YES

FOR

1.02 Elect J. Roderick Heller III

MGMT

YES

FOR

1.03 Elect Robert F. B. Logan

MGMT

YES

FOR

1.04 Elect Gerald C. McDonough

MGMT

YES

FOR

1.05 Elect C. David Myers

MGMT

YES

FOR

1.06 Elect Paul J. Powers

MGMT

YES

FOR

1.07 Elect Donald M. Roberts

MGMT

YES

FOR

1.08 Elect James A. Urry

MGMT

YES

FOR

2.00 Amend Director Stock Option Plan

MGMT

YES

FOR

3.00 Amend Stock Option Plan

MGMT

YES

FOR

3.00 Add Shares to Stock Option Plan

MGMT

YES

FOR

3.00 Amend Long-term Bonus Plan

MGMT

YES

FOR

Page 223 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target Small Capitalization Value Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: NFJ

Investment Group

There were no proxies voted for the time period 7/1/03 – 6/30/04

Page 224 of 231

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target Intermediate Term Bond Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Worldcom

WCOM

9815DAF3

8/26/2003

Special

Adviser: Pacific Investment Management company

1.0 Consent to adopt proposed plan of reorganization

Issuer

YES

FOR

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Pacific Gas & Electric

PCG

694308FT9

9/23/2003

Special

Adviser: Pacific Investment Management company

1.0 Consent to proposed settlement agreement

Issuer

YES

FOR

Page 225 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target Total Return Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Pacific Investment

Management Company

There were no proxies voted for the time period 7/1/03 – 6/30/04

Page 226 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target: Mortgage Backed Securities Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Wellington

There were no proxies voted for the time period 7/1/03 – 6/30/04

Page 227 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target Large Cap Growth Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Cardinal Health, Inc.

CAH

14149Y108

11/05/03

Annual

Adviser: Oak Associates

1.0 Elect Directors

MGMT

YES

FOR

Linear Technology Corp.

LLTC

535678106

11/05/03

Annual

Adviser: Oak Associates

1.0 Elect Directors

MGMT

YES

FOR

2.0 Ratify Selection of Auditors

MGMT

YES

FOR

Cisco Systems Inc

CSCO

17275R102

11/11/03

Annual

Adviser: Oak Associates

1.0 Elect Directors

MGMT

YES

FOR

2.0 Amend Employee Stock Purchase Plan

MGMT

YES

FOR

3.0 Ratify Auditors.

MGMT

YES

FOR

4.0 SP-Report on Company Products Used by the Government to Monitor the Internet

SHLDR

YES

AGNST

FOR

5.0 SP-Report on Pay Disparity

SHLDR

YES

AGNST

FOR

Medtronic, Inc.

MDT

585055106

08/28/03

Annual

Adviser: Oak Associates

1.0 Elect Directors

MGMT

YES

FOR

2.0 Ratify Selection of Auditors

MGMT

YES

FOR

3.0 Approve Omnibus Stock Plan

MGMT

YES

FOR

4.0 Approve Executive Incentive Bonus Plan

MGMT

YES

FOR

Page 228 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: TARGET LARGE CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Microsoft Corp.

MSFT

594918104

11/11/03

Annual

Adviser: Oak Associates

1.1 Elect William H. Gates, III

MGMT

YES

FOR

1.2 Elect Steven A. Ballmer

MGMT

YES

FOR

1.3 Elect James I. Cash, Jr., PhD

MGMT

YES

FOR

1.4 Elect Raymond V. Gilmartin

MGMT

YES

FOR

1.5 Elect Ann McLaughlin Korologos

MGMT

YES

FOR

1.6 Elect David F. Marquardt

MGMT

YES

FOR

1.7 Elect Charles H. Noski

MGMT

YES

FOR

1.8 Elect Dr. Helmut Panke

MGMT

YES

FOR

1.9 Elect Wm. G. Reed, Jr.

MGMT

YES

FOR

1.10 Elect Jon A. Shirley.

MGMT

YES

WHLD

AGNST

2.0 Amend Omnibus Stock Plan

MGMT

YES

FOR

3.0 Amend Non-Employee Stock Option Plan

MGMT

YES

FOR

4.0 SP-Refrain from Giving Charitable Contributions

SHLDR

YES

WHLD

AGNST

Page 229 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: TARGET LARGE CAP GROWTH PORTFOLIO

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Maxim Integrated Products, Inc.

MXIM

57772K101

11/13/03

Annual

Adviser: Oak Associates

1.0 Elect Directors

MGMT

YES

FOR

2.0 Amend Stock Option Plan.

MGMT

YES

FOR

3.0 Amend Employee Stock Purchase Plan

MGMT

YES

FOR

4.0 Ratify Selection of Auditors

MGMT

YES

FOR

Xilinx, Inc

XLNX

983919101

8/07/2003

Annual

Adviser: Oak Associates

1.0 Elect Directors

MGMT

YES

FOR

2.0 Ratify Auditors

MGMT

YES

FOR

Page 230 of 230

Form N-PX Proxy Voting Record 7/1/03—6/30/04

Trust: The Target Portfolio

Manager: Prudential

Fund: Target U.S. Government Money Market Portfolio

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Wellington

There were no proxies voted for the time period 7/1/03 – 6/30/04

SIGNATURES:

Pursuant to the requirements of 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.

The Target Portfolio Trust

/s/ Judy A. Rice

Judy A. Rice, President

Date October 29, 2004