Jennison Natural Resources Fund

Fund Share Prices as of market close, 8/27/2008

	NAV^#	CHANGE^##
Class A (Symbol: PGNAX)	56.58	+1.03
Class B (Symbol: PRGNX)	48.47	+0.88
Class C (Symbol: PNRCX)	48.47	+0.88
Class R (Symbol: JNRRX)	56.57	+1.03
Class Z (Symbol: PNRZX)	57.95	+1.05

# "NAV" (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges.

## "CHANGE" shows the change in $U.S. value over the previous day:

= Gain,

= Loss,

= No Change.

See Prices and Yields of other JennisonDryden mutual funds.

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost. Maximum sales charges: Class A, 5.5%; Class B, 5.0%; and Class C, 1.0%.

Average Annual Total Returns

	Total Return (with sales charges) as of 7/31/2008					Total Return (without sales charges) as of 7/31/2008					Lipper Average as of 7/31/2008
Class	A	B	C	R	Z	A	B	C	R	Z
Year-to-Date	N/A	N/A	N/A	N/A	N/A	-1.07	-1.45	-1.45	-1.13	-0.90	-2.59
1-Year	11.62	12.25	16.28	17.91	18.45	18.12	17.25	17.28	17.91	18.45	11.87
3-Year	26.53	27.39	28.00	N/A	29.28	28.94	28.00	28.00	N/A	29.28	22.28
5-Year	33.35	33.81	33.88	N/A	35.21	34.87	33.88	33.88	N/A	35.21	29.94
10-Year	24.18	23.96	23.96	N/A	25.22	24.88	23.96	23.96	N/A	25.22	19.66
Since Incpt.	14.43	12.95	17.31	23.58	18.57	14.78	12.95	17.31	23.58	18.57	12.16

See Daily Returns and Quarterly SEC Standardized Performance.

See Calendar Year Performance for the Jennison Natural Resources Fund.

Total return describes the return to the investor before any sales charges are imposed. Lipper average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Lipper averages and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class A inception date. SEC standardized return describes the return to the investor after maximum sales charges are imposed. All returns assume share price changes, as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower.

Inception: Class A, 1/22/1990; Class B, 9/28/1987; Class C, 8/1/1994; Class R, 8/22/2006; Class Z, 9/16/1996.

Morningstar Ratings as of 7/31/2008

Class	Overall	3-Year	5-Year	10-Year
A	out of 153 funds	out of 153 funds	out of 103 funds	out of 69 funds
B	out of 153 funds	out of 153 funds	out of 103 funds	out of 69 funds
C	out of 153 funds	out of 153 funds	out of 103 funds	out of 69 funds
R	out of 153 funds	out of 153 funds	out of 103 funds	out of 69 funds
Z	out of 153 funds	out of 153 funds	out of 103 funds	out of 69 funds

The Morningstar Rating may not be customarily calculated based on adjusted historical returns. If so, this investment's independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints to determine its hypothetical rating for certain time periods. Other share classes may have different performance characteristics. Past performance does not guarantee future results. For each fund with at least a 3-year history, Morningstar calculates a Morningstar rating (based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, and the next 35% receive 3 stars (each share class is rated separately, which may cause slight variations in the distribution percentages). The overall Morningstar rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar rating metrics. The Fund was rated against U.S.-domiciled funds.
© 2008 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Growth of $10,000

	Fund Return	$101,837
Class A	^*Benchmark Return	$63,596

^*Lipper Global Natural Resources Funds Average

This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Lipper Global Natural Resource Funds Average includes funds that invest primarily in the equity securities of domestic and foreign companies engaged in natural resources. An investment cannot be made directly in an index.

Fund Facts & Holdings

Objective: Long-term growth of capital. There can be no assurance that the Fund's objective will be achieved.

Dividends: Paid annually, if any.

Capital Gains: Paid annually, if any.

See Dividend and Capital Gains Distributions.

See most recent complete Portfolio Holdings list.

The following information is as of 6/30/2008 and is subject to change.

Total Net Assets: $4.638 Billion

Largest Stock Holdings (% of Assets)
OGX Petroleo e Gas Participacoes	3.4 %
Southwestern Energy	2.5
Tenaris	2.4
Freeport-McMoRan Copper & Gold	2.3
MMX Mineracao & Metalicos	2.1
Cleveland-Cliffs	1.9
Consol Energy	1.8
Suncor Energy	1.7
Occidental Petroleum	1.5
Halliburton	1.5
Top Ten (of 116)	21.1 %

Sector Breakdown (% of Assets)
Energy	64.4 %
Materials	27.8
Utilities	2.0
Consumer Staples	0.8
Industrials	0.2
Cash & Equivalents	4.8

Largest Industries (% of Assets)
Oil & Gas	47.7 %
Metals & Mining	27.8
Energy Equipment & Services	16.8
Independent Power Producers & Energy Traders	1.0
Gas Utilities	1.0

Geographic Concentration
United States	50.2 %
Canada	17.4
Brazil	9.0
South Africa	3.6
Australia	3.3
Luxembourg	2.4
United Kingdom	2.3
Russian Federation	1.8
Other	5.2
Cash & Equivalents	4.8

Fund Statistics
Average Weighted Market Capitalization ($mil)	33,200.2
Beta (3 Year)	1.07
P/E Ratio	N/A
Standard Deviation (3 Year)	22.43
Turnover Ratio (%)	46

All data is unaudited and subject to change.

The Fund may not be appropriate for all investors. The Fund focuses its investments in the natural resources sector, thereby increasing its vulnerability to any single economic, political, or regulatory developments. The Fund is nondiversified, so a loss resulting from a particular security or sector will have a greater impact on the Fund's return. The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; and derivative securities, which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. There is no assurance the Fund's objective will be achieved.

Average weighted market capitalization is the average market capitalization of corporations in a fund weighted by the percentage of the holding in the fund. Beta measures a fund's sensitivity to changes in the overall market over the past three years relative to the fund's benchmark. Price/earnings ratio, or P/E, is the price of a stock divided by its earnings per share. Standard deviation is a statistical measurement that depicts how widely returns varied over the past three years. The measurement is generally used to understand the range of returns that are most likely for a given fund. When a fund has a high standard deviation, the range of performance may be wider, implying greater volatility. Turnover is annual sales divided by the average portfolio value. It tells us the weighted average holding period over a 12-month timeframe of the portfolio. Beta is benchmarked against the Lipper Natural Resources Index which is an unmanaged equally weighted index of the largest mutual funds in the Lipper Natural Resources category of funds, adjusted for the reinvestment of capital gains distributions and income dividends. An investment cannot be made directly in an index.

Source: Prudential Investment Management, Inc. (PIM), Jennison Associates (both Prudential Financial companies), and Lipper Inc. Source of Sector classification: S&P/MSCI.

Fund Managers

Jennison Associates is one of the nation's leading managers of growth, value, blend, and specialty equity strategies. It has earned a reputation for excellence by fulfilling the needs of clients for more than 35 years. David Kiefer, Jay Saunders, and Neil Brown are the portfolio managers.

	David A. Kiefer, CFA, is a managing director and Large Cap Value/Blend equity portfolio manager. He has over 19 years of investment experience and joined Jennison in September 2000 as a result of the merger of Prudential's public equity asset management capabilities into Jennison's organization. David has been managing large-cap diversified assets since 1999 and the Large Cap Blend Equity strategy since 2000. Additionally, he became head of large cap value equity and began co-managing the Large Cap Value Equity strategy in 2004 and the Natural Resources Equity strategy in 2005. He managed the Jennison Utility Fund (formerly Prudential) from 1994 to June 2005. David joined Prudential's management training program in 1986. From 1988 to 1990 he worked at Prudential Power Funding Associates making loans to the utility and power industry. He left to attend business school, rejoining Prudential in equity asset management in 1992. David earned a B.S. from Princeton University and an M.B.A. from Harvard Business School.
	John "Jay" Saunders is a managing director and equity research analyst. He joined Jennison in October 2005 after working for the Global Oil team as a vice president at Deutche Bank Securities, where he covered North American integrated oils, independent refiners and exploration & production companies. From 1997 to 2000 Jay worked at the Energy Intelligence Group, becoming managing editor for the Oil Market Intelligence newsletter, reporting on a broad range of energy topics. Jay was also with Hart publications, Inc./The Oil Daily Co., where he was an associate editor responsible for oil-related publications. Jay received a B.A. from the College of William and Mary and a masters in print journalism from American University. He was ranked as the number 1 refiners analyst by Zach's Investment Research in 2005.
	Neil P. Brown, CFA, is a principal and equity research analyst. He joined Jennison in November 2005 after working on the North American Oil and Gas Exploration and Production team as an equity research associate/analyst at Deutsche Bank Securities. Prior to joining Deutsche Bank, Neil worked at Donaldson, Lufkin, and Jenrette as a research associate covering the Exploration and Production sector. He also worked as an analyst in Metropolitan Life Insurance Company's Institutional Finance department. Neil received a B.A. in mathematics and history from Duke University and is a member of the New York Society of Securities Analysts.

Prospectus & Shareholder Reports

Jennison Natural Resources Fund:

Statement of Additional Information

See Sales Load Breakpoints.

See Prospectuses & Shareholder Reports of other JennisonDryden funds.