Prudential Jennison Equity Opportunity Fund


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4 Stars
Class A, B, C and Z Shares
Morningstar Overall RatingTM out of 1,778 Large Blend funds, as of 2/28/2010.
Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating.

Formerly known as Jennison Equity Opportunity Fund.

The Fund seeks long-term growth of capital by investing in the stocks of companies whose growth prospects are believed by the managers to be undervalued by the market. Its multi-cap nature enables the Fund to take advantage of potential investments regardless of a company's market cap.

See quarterly PDF version of this Fund Fact Sheet.
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Performance
Fund Share Prices as of market close, 3/17/2010
NAV# CHANGE##
Class A (Symbol: PJIAX) 12.59 Gain+0.08
Class B (Symbol: PJIBX) 11.39 Gain+0.08
Class C (Symbol: PJGCX) 11.39 Gain+0.08
Class R (Symbol: PJORX) 11.64 Gain+0.07
Class Z (Symbol: PJGZX) 12.87 Gain+0.08
# "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= Gain, Loss= Loss,  No Change = No Change.
See Prices & Yields of other Prudential Investments® 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 2/28/2010		 Total Return
(without sales charges)
as of 2/28/2010		 S & P 500 Index
Average
as of
2/28/2010
Class A B C R Z A B C R Z
Year-to-Date N/A N/A N/A N/A N/A 0.50 0.28 0.28 0.36 0.49 -0.61
1-Year 53.20 55.87 59.87 61.63 62.43 62.11 60.87 60.87 61.63 62.43 53.55
3-Year -5.98 -5.67 -4.89 -4.42 -3.91 -4.19 -4.89 -4.89 -4.42 -3.91 -5.67
5-Year 0.84 1.11 1.23 1.73 2.27 1.98 1.23 1.23 1.73 2.27 0.37
10-Year 7.02 6.84 6.84 N/A 7.91 7.63 6.84 6.84 N/A 7.91 -0.31
Since Incpt. 8.36 8.02 8.02 2.05 9.12 8.83 8.02 8.02 2.05 9.12 5.24
See Daily Returns and Quarterly SEC Standardized Performance.
See Calendar Year Performance for the Prudential Jennison Equity Opportunity 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, B, C, and Z, 11/7/1996; Class R, 12/20/2004.


Morningstar Ratings as of 2/28/2010

Class
Overall
3-Year
5-Year
10-Year
A
4 Stars
out of 1,778 funds
2 Stars
out of 1,778 funds
3 Stars
out of 1,390 funds
5 Stars
out of 714 funds
B
4 Stars
out of 1,778 funds
2 Stars
out of 1,778 funds
3 Stars
out of 1,390 funds
5 Stars
out of 714 funds
C
4 Stars
out of 1,778 funds
3 Stars
out of 1,778 funds
3 Stars
out of 1,390 funds
5 Stars
out of 714 funds
R
3 Stars
out of 1,778 funds
3 Stars
out of 1,778 funds
3 Stars
out of 1,390 funds
5 Stars
out of 714 funds
Z
4 Stars
out of 1,778 funds
3 Stars
out of 1,778 funds
4 Stars
out of 1,390 funds
5 Stars
out of 714 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.
© 2010 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.

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Growth of $10,000
Fund ReturnFund Return$18,831
Class A Benchmark Return*Benchmark Return$9,090
Fund/Benchmark Return Chart
*S & P 500 Index
This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Standard & Poor's (S&P) 500 is a weighted, unmanaged index, comprised of 500 stocks, which provides a broad indicator of stock price movements. An investment cannot be made directly into an index.
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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 2/28/2010 and is subject to change.
Total Net Assets: $320 million
Largest Stock Holdings (% of Assets)
ConAgra Foods 2.4 %
Travelers 2.1
Pfizer 2.1
Axis Capital Holdings 1.9
Goldcorp 1.8
Cisco Systems 1.8
Viacom Inc. - Class B 1.8
Time Warner Cable 1.8
Liberty Global 1.8
Lear Corp. 1.8
Top Ten (of 72) 19.3 %
Sector Breakdown (% of Assets)
Consumer Discretionary 17.0 %
Information Technology 14.4
Financials 14.2
Healthcare 12.7
Energy 11.9
Industrials 9.4
Consumer Staples 7.6
Materials 4.1
Utilities 1.3
Cash & Equivalents 7.5
Largest Industries (% of Assets)
Oil & Gas 8.6 %
Media 8.2
Pharmaceuticals 7.9
Insurance 6.5
Food Products 5.2
Fund Statistics
Average Weighted Market Capitalization ($mil) 37,623.0
Beta (3 Year) 1.13
P/E Ratio 16.9
Standard Deviation (3 Year) 23.12
Turnover Ratio (%) 74
All data is unaudited and subject to change.

The Fund may invest in foreign securities, which are subject to currency fluctuation and political uncertainty; short sales, which involve costs and the risk of potentially unlimited losses; 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 stocks in a fund, each weighted by its proportion of assets. Beta measures a fund's sensitivity to changes in the overall market relative to its benchmark. P/E is the ratio of the sum of all market capitalizations in the portfolio divided by the sum of the total earnings of the same stocks. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Turnover (12-month) is the rate of trading in a portfolio, higher values imply more frequent trading. Beta is benchmarked against the S&P 500, an unmanaged index, which is a broad indicator of domestic stock price movements. An investment cannot be made directly in an index. Due to data availability, statistics may not be as of the current reporting period.

Source: Prudential Investment Management, Inc. (PIM), Jennison Associates (both Prudential Financial companies), and Lipper Inc.

Source of Sector classification: S&P/MSCI.
*This figure is comprised of companies that have been classified by S&P/MSCI GICS or classified by Jennison Associates LLC. Companies classified by Jennison Associates LLC are not sponsored by the S&P/MSCI GICS classification system.
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Fund Managers
New No Logo
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 40 years. Mark G. DeFranco and Brian M. Gillott are the portfolio managers for the Prudential Jennison Equity Opportunity Fund.
Photo of Mark DeFranco Mark G. DeFranco is managing director and Opportunistic Equity portfolio manager. As a member of Jennison's Opportunistic Equity team, Mark co-manages approximately $3 billion in assets. As part of his portfolio management responsibilities, he researches many areas, including financial services, specialty chemicals, natural resources, and generalist opportunities. Mark joined Jennison Associates in December 1998. Before joining Jennison, he was a precious metals equity analyst and portfolio manager at Pomboy Capital. Mark also spent six years as a research analyst at Comstock Partners, responsible for following value equity securities as well as fixed income investments. Mark was also a member of the equity research sales division of Salomon Brothers. Mark graduated with an M.B.A. in finance from Columbia University Graduate School of Business and received a B.A. in economics from Bates College.
Photo of Brian Gillott Brian M. Gillott is managing director and Opportunistic Equity portfolio manager. Brian joined Jennison Associates in 1998. He is a seven-year veteran of Jennison's Opportunistic Equity team and co-manages approximately $3 billion in assets. As part of his portfolio management responsibilities, Brian researches many areas, including industrials, media, aerospace, basic materials, and various generalist opportunities. He joined Jennison Associates in September 1998 from Soros Fund Management where he was an equity analyst following a variety of industries for the company's global hedge fund, seeking both long and short ideas. Prior to Soros Fund, Brian was an analyst at Goldman Sachs & Co. in the Private Client Asset Management Group. He received a B.S. with honors from Penn State University, during which time he worked at Trinity Investment Management as a financial analyst.
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Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information about the fund. Read it carefully before investing. For more information about a fund, click on the prospectus link above.

Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. Prudential Investments, Prudential Financial, the Rock Prudential logo, Jennison Associates, and Jennison are registered service marks of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.

0156935-00004-00        Ed. 2/2010