Jennison 20/20 Focus Fund
5 Stars
Class A, B, C, R and Z Shares
Morningstar Overall RatingTM out of 1,518 Large Growth funds, as of 10/31/2009.
Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating.

The Fund seeks long-term growth of capital by combining value and growth investment styles in one portfolio of approximately 20 growth and 20 value stocks.

See quarterly PDF version of this Fund Fact Sheet.
Stylebox
Performance
Fund Share Prices as of market close, 11/20/2009
NAV# CHANGE##
Class A (Symbol: PTWAX) 14.07 Loss-0.05
Class B (Symbol: PTWBX) 12.75 Loss-0.05
Class C (Symbol: PTWCX) 12.76 Loss-0.04
Class R (Symbol: JTWRX) 13.94 Loss-0.05
Class Z (Symbol: PTWZX) 14.50 Loss-0.05
# "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= 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
S & P 500 Index
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 40.91 40.26 40.21 40.84 41.37 17.06
1-Year 23.21 24.53 28.49 30.10 30.81 30.38 29.53 29.49 30.10 30.81 9.80
3-Year -2.86 -2.58 -1.71 -1.22 -0.72 -1.01 -1.73 -1.71 -1.22 -0.72 -7.02
5-Year 5.92 6.18 6.35 6.91 7.40 7.13 6.34 6.35 6.91 7.40 0.33
10-Year 3.92 3.73 3.74 N/A 4.78 4.51 3.73 3.74 N/A 4.78 -0.95
Since Incpt. 5.54 5.27 5.27 7.04 6.33 6.06 5.27 5.27 7.04 6.33 0.94
See Calendar Year Performance for the Jennison 20/20 Focus 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, 7/1/1998; Class R, 5/14/2004.


Morningstar Ratings as of 10/31/2009

Class
Overall
3-Year
5-Year
10-Year
A
5 Stars
out of 1,518 funds
4 Stars
out of 1,518 funds
5 Stars
out of 1,251 funds
5 Stars
out of 663 funds
B
5 Stars
out of 1,518 funds
4 Stars
out of 1,518 funds
5 Stars
out of 1,251 funds
5 Stars
out of 663 funds
C
5 Stars
out of 1,518 funds
4 Stars
out of 1,518 funds
5 Stars
out of 1,251 funds
5 Stars
out of 663 funds
R
5 Stars
out of 1,518 funds
4 Stars
out of 1,518 funds
5 Stars
out of 1,251 funds
5 Stars
out of 663 funds
Z
5 Stars
out of 1,518 funds
4 Stars
out of 1,518 funds
5 Stars
out of 1,251 funds
5 Stars
out of 663 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.
© 2009 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 ReturnFund Return$16,146
Class A Benchmark Return*Benchmark Return$9,847
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 in an index.
Fund Facts & Holdings
Objective: Long-term capital growth. 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 most recent complete Portfolio Holdings list.

The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $1.964 Billion
Top Growth Holdings (% of Assets)
Amazon 3.3 %
Apple Computer 3.0
Google 2.9
PepsiCo 2.7
Medco Health Solutions 2.5
Adobe Systems 2.4
Novartis 2.4
Baidu 2.4
Visa 2.3
Schlumberger 2.3
Top Ten (of 20) 26.2 %
Top Value Holdings (% of Assets)
Symantec 3.0 %
Kroger 2.9
Petrobras Brasileiro 2.9
Computer Associates 2.7
H & R Block 2.7
Sempra Energy 2.7
Southwestern Energy 2.7
Wellpoint 2.6
Waste Management 2.6
Canadian Natural Resources 2.6
Top Ten (of 21) 27.4 %
Sector Breakdown (% of Assets)
Information Technology 26.5 %
Energy 16.9
Healthcare 15.3
Consumer Staples 7.9
Consumer Discretionary 7.8
Materials 6.4
Financials 6.1
Industrials 4.0
Other 5.1
Cash & Equivalents 4.0
Largest Industries (% of Assets)
Oil & Gas 14.6 %
Software 8.1
Internet Software & Services 7.2
Pharmaceuticals 6.6
Healthcare Providers & Services 5.2
Fund Statistics
Average Weighted Market Capitalization ($mil) 36,263.2
Beta (3 Year) 1.05
P/E Ratio 19.0
Standard Deviation (3 Year) 22.30
Turnover Ratio (%) 107
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 risks of potentially unlimited losses; and derivative securities, which may carry market, credit, and liquidity risks. The Fund is nondiversified, so a loss resulting from a particular security will have a greater impact on the Fund's return. 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 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.
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. David A. Kiefer and Spiros "Sig" Segalas are the portfolio managers for the Jennison 20/20 Focus Fund.
Photo of David Kiefer David A. Kiefer, CFA, is a managing director and Large Cap Value/Blend equity portfolio manager. He has over 20 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.
Photo of Spiros "Sig" Segalas Spiros "Sig" Segalas is president and chief investment officer and was one of the founders of Jennison Associates in 1969. In addition to managing institutional portfolios, Sig has managed the Harbor Capital Appreciation Fund since May 1990. He is also co-manager of the Jennison Blend Fund, Inc., the Jennison Growth Fund, the Jennison 20/20 Focus Fund and the Jennison Select Growth Fund. Sig was recognized as "Manager of the Decade" in 2000 by Mutual Fund magazine.

Sig has over 48 years of investment experience and began his investment career as a research analyst with Bankers Trust Company and was responsible for technology, aerospace, and conglomerate securities. He was appointed head of the Technology Group, and later was asked to manage a newly introduced commingled emerging growth fund, The Supplemental Equity Fund, for the bank's institutional clients. He was appointed to the bank's Investment Policy Group. Sig received a B.A. from Princeton University, after which he was an officer in the U.S. Navy. He also spent some time in the shipping and construction industries before joining Bankers Trust. Sig is a member of the New York Society of Securities Analysts.
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.

0155461-00001-00        Ed. 6/2009