Dryden Small-Cap Core Equity Fund


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The Fund seeks long-term capital appreciation and to outperform the Standard & Poor's Small Cap 600 Index on a before- and after-tax basis by investing in small-cap companies.

See quarterly PDF version of this Fund Fact Sheet.
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Performance
Fund Share Prices as of market close, 11/20/2009
NAV# CHANGE##
Class A (Symbol: PQVAX) 13.41 Loss-0.02
Class B (Symbol: PQVBX) 12.35 Loss-0.02
Class C (Symbol: PQVCX) 12.35 Loss-0.02
Class R (Symbol: DCERX) 13.37 Loss-0.02
Class Z (Symbol: PSQZX) 13.76 Loss-0.02
# "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 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 10/31/2009		 Total Return
(without sales charges)
as of 10/31/2009		 Lipper
Average
as of
10/31/2009
Class A B C R Z A B C R Z
Year-to-Date N/A N/A N/A N/A N/A 4.88 4.30 4.30 4.72 5.25 19.42
1-Year -7.99 -8.17 -4.30 -2.86 -2.32 -2.63 -3.33 -3.33 -2.86 -2.32 11.82
3-Year -14.13 -14.01 -13.12 N/A -12.24 -12.49 -13.13 -13.12 N/A -12.24 -7.82
5-Year -3.33 -3.13 -2.94 N/A -1.95 -2.23 -2.94 -2.94 N/A -1.95 0.82
10-Year 4.06 3.87 3.87 N/A 4.92 4.65 3.87 3.87 N/A 4.92 6.19
Since Incpt. 1.87 1.59 1.59 -14.37 2.62 2.35 1.59 1.59 -14.37 2.62 4.68
Return After Taxes on Distribution
(with sales charges)
as of 10/31/2009		 Return After Taxes on
Distribution and Sale of Fund Shares
(with sales charges)
as of 10/31/2009		 S & P 600
Index
as of
10/31/2009
Class A B C R Z A B C R Z
Year-to-Date N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 12.65
1-Year -8.09 -8.17 -4.30 -2.91 -2.50 -5.07 -5.31 -2.80 -1.79 -1.32 5.56
3-Year -14.16 -14.01 -13.12 N/A -12.30 -11.71 -11.62 -10.90 N/A -10.19 -7.34
5-Year -3.35 -3.13 -2.94 N/A -1.99 -2.80 -2.63 -2.47 N/A -1.65 1.26
10-Year 4.05 3.87 3.87 N/A 4.90 3.53 3.37 3.37 N/A 4.30 6.48
Since Incpt. 1.81 1.54 1.54 -14.39 2.55 1.57 1.33 1.33 -11.94 2.22 5.34
See Daily Returns and Quarterly SEC Standardized Performance.
See Calendar Year Performance for the Dryden Small-Cap Core Equity 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. After-tax returns are calculated using the highest historical individual federal marginal income tax rates and exclude state and local taxes. Actual after-tax returns depend on an investor's tax situation. Returns shown do not apply to shares held in tax-deferred arrangements (i.e., 401(k), IRAs).

Inception: Class A, B, C, and Z, 11/10/1997; Class R, 1/12/2007.

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Growth of $10,000
Fund ReturnFund Return$16,807
Class A Benchmark Return*Benchmark Return$19,809
Fund/Benchmark Return Chart
*S & P 600 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. Lipper Small-Cap Core Funds invest at least 75% of their equity assets in companies with market caps less than 250% of the dollar-weighted median market capitalization of the smallest 500 of the middle 1,000 securities of the S&P SuperComposite 1500 Index, have more latitude in companies in which they invest, and typically have an average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&P SmallCap 600 Index. The S&P SuperComposite 1500 Index offers diversified market-cap U.S. market coverage. The S&P SmallCap 600 Index is generally considered representative of small-sized U.S. companies. An investment cannot be made directly in an index.
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Fund Facts & Holdings
Objective: Long-term capital appreciation. 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 10/31/2009 and is subject to change.
Total Net Assets: $142 million
Largest Stock Holdings (% of Assets)
Rock-Tenn Company 1.0 %
Tractor Supply 1.0
World Fuel Services 1.0
Carter's 1.0
Toro 0.9
NewMarket Corp. 0.9
Skyworks Solutions 0.9
Sykes Enterprises Inc. 0.8
Caseys General Stores 0.8
Par Pharmaceutical 0.8
Top Ten (of 399) 9.1 %
Sector Breakdown (% of Assets)
Financials 17.9 %
Information Technology 17.5
Industrials 16.0
Consumer Discretionary 15.5
Healthcare 13.0
Energy 5.8
Materials 5.1
Consumer Staples 3.8
Other 3.4
Cash & Equivalents 2.0
Largest Industries (% of Assets)
Real Estate Investment Trusts 6.6 %
Healthcare Providers & Services 5.7
Specialty Retail 5.0
Banks 4.9
Healthcare Equipment & Supplies 4.7
Fund Statistics
Average Weighted Market Capitalization ($mil) 962.7
Beta (3 Year) 1.00
P/E Ratio 15.7
Standard Deviation (3 Year) 24.01
Turnover Ratio (%) 129
All data is unaudited and subject to change.

The Fund may invest in small- and mid-cap stocks, which may be subject to more erratic market movements than large-cap stocks; 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-to-Earnings ratio (P/E), measures overall valuation. It is calculated using a harmonic weighted average, which represents the ratio of the portfolio's total market value to the total earnings of the portfolio. 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 S&P Small Cap 600 Index which is an unmanaged capital-weighted index of 600 smaller company U.S. common stocks that cover all industry sectors. 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) and Lipper Inc. PIM is a Prudential Financial company. Source of Sector classification: S&P/MSCI.
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Fund Managers
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The Dryden Small-Cap Core Equity Fund is co-managed by Margaret Stumpp, Ph.D., Ted Lockwood, and Daniel Carlucci, CFA, each of whom is a member of Quantitative Management Associates. They lead a team of 31 investment professionals, seven of whom hold Ph.D.s, with over 200 years of combined investment experience. Quantitative Management Associates, LLC is a wholly owned subsidiary of Prudential Investment Management, Inc., a Prudential Financial company.
Photo of Ted Lockwood Ted Lockwood is a Managing Director of QMA. He is responsible for managing portfolios, investment research, and new product development for QMA. Mr. Lockwood joined QMA's predecessor in 1988. Previously, he was with AT&T and a member of the technical staff at AT&T Bell Laboratories. Mr. Lockwood graduated summa cum laude with a BS in Engineering from SUNY-Stony Brook University and received an MS in Engineering and an MBA in Finance from Columbia University.
Photo of Margaret Stumpp Margaret S. Stumpp, Ph.D. is the Chief Investment Officer of QMA. Ms. Stumpp is responsible for portfolio management and investment strategy for the Fund. She is portfolio manager for QMA's enhanced index equity portfolios for institutional investors and mutual fund clients. She is extensively involved in quantitative research in asset allocation, security selection and portfolio construction for QMA. Previously, Ms. Stumpp was employed by the AT&T Treasury department and by Price Waterhouse as a senior consultant. In both positions, she was responsible for providing expert testimony on economic and financial matters. She has published articles on finance and economics in numerous publications, including The Financial Analysts Journal, The Journal of Portfolio Management, The Journal of Investment Management and Award Papers in Public Utility Economics. Ms. Stumpp earned a BA cum laude with distinction in Economics from Boston University, and holds an MA and a PhD in Economics from Brown University.
Photo of Dan Carlucci Daniel Carlucci, CFA, is a vice president and portfolio advisor for QMA. Dan has over 21 years of investment experience. He assists with the management of several quantitative portfolios, specifically large-cap and small-cap portfolios as well as tax-managed portfolios for high-net-worth investors. Prior to his current assignment, Dan was an investment analyst with Quantitative Management Associates' Value Equity team where he assisted with the management of quantitative large-cap institutional portfolios. He joined Prudential Financial in 1984. Dan holds a B.S. in finance and an M.B.A. in finance from Rutgers University.
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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. JennisonDryden, Jennison, Dryden, Target, Pru, Prudential Financial, and the Rock Prudential logo 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.

0155451-00001-00        Ed. 7/2009