Dryden International Value Fund


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The Fund seeks long-term growth of capital, with income as a secondary objective, by investing primarily in equity securities of issuers located outside the United States and believed to be undervalued, given the issuer's financial and business outlook.

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: PISAX) 18.98 Loss-0.15
Class B (Symbol: PISBX) 18.13 Loss-0.15
Class C (Symbol: PCISX) 18.16 Loss-0.15
Class Z (Symbol: PISZX) 19.09 Loss-0.15
# "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 Z A B C Z
Year-to-Date N/A N/A N/A N/A 28.57 27.66 27.69 28.82 23.22
1-Year 19.09 20.04 24.08 26.41 26.03 25.04 25.08 26.41 23.97
3-Year -6.66 -6.38 -5.61 -4.64 -4.88 -5.62 -5.61 -4.64 -5.80
5-Year 4.77 4.96 5.14 6.20 5.96 5.13 5.14 6.20 4.46
10-Year 1.81 1.60 1.61 2.63 2.39 1.60 1.61 2.63 1.53
Since Incpt. 4.29 3.94 3.95 7.31 4.74 3.94 3.95 7.31 4.37
See Daily Returns and Quarterly SEC Standardized Performance.
See Calendar Year Performance for the Dryden International Value 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, and C 9/23/1996; Class Z 11/5/1992.
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Growth of $10,000
Fund ReturnFund Return$13,061
Class A Benchmark Return*Benchmark Return$12,645
Fund/Benchmark Return Chart
*Lipper International Large-Cap Core 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 International Large-Cap Core Funds have at least 75% of their assets invested in companies strictly outside the U.S. with market capitalizations greater than the 250th largest company in the S&P/Citigroup World ex-U.S. Broad Market Index, have more latitude in companies in which they invest, and typically have an average price-to-cash flow ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&P/Citigroup World ex-U.S. Broad Market Index. S&P/Citigroup World ex-U.S. Broad Market Index is a world market-capitalization-weighted index measuring capital appreciation, excluding the U.S., representing companies with capitalizations equal-to or greater-than U.S. $100 million. An investment cannot be made directly in an index.
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Fund Facts & Holdings
Objective: Long-term growth of capital. Income is a secondary objective. 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.

The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $193 million
Top LSV Holdings (% of Assets)
BP 1.3 %
Royal Dutch Shell 1.1
Banco Santander 1.0
Sanofi-Synthelabo 0.9
Astrazeneca 0.7
E.ON 0.7
Credit Suisse Group 0.6
Eni 0.6
Glaxosmithkline 0.6
Banco Bilbao Vizcaya Argentaria S.A. 0.6
Top Ten (of 162) 8.1 %
Top Thornburg Holdings (% of Assets)
Teva Pharmaceutical 1.6 %
Industrial & Commercial Bank of China 1.5
Komatsu 1.4
Novo-Nordisk 1.4
Lvmh Moet Hennessy 1.3
Nestle 1.3
National Bank of Greece S.A. 1.3
AXA 1.3
Hong Kong Exchange 1.3
Hennes & Mauritz 1.3
Top Ten (of 65) 13.7 %
Sector Breakdown (% of Assets)
Financials 24.1 %
Healthcare 11.9
Industrials 11.3
Consumer Discretionary 10.5
Energy 8.7
Consumer Staples 7.5
Telecom. Services 7.3
Materials 7.0
Other 8.8
Cash & Equivalents 2.9
Geographic Concentration
United Kingdom 17.8 %
Japan 13.4
France 10.0
Switzerland 8.3
Germany 7.6
Australia 3.9
Spain 3.7
Canada 3.6
Other 28.8
Cash & Equivalents 2.9
Fund Statistics
Average Weighted Market Capitalization ($mil) 47,133.9
Beta (3 Year) 1.00
P/E Ratio 14.4
Standard Deviation (3 Year) 23.98
Turnover Ratio (%) 27
See most recent complete Portfolio Holdings list.

All data is unaudited and subject to change.

The Fund invests in foreign securities, which are subject to currency fluctuation and political uncertainty; 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 MSCI EAFE, an unmanaged index, which reflects stock price movements in Europe, Australia, and the Far East and is a broad indicator of how foreign stocks have performed. 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), Thornburg Investment Management, LSV Asset Management, and Lipper Inc. PIM is a Prudential Financial company. Source of Sector classification: S&P/MSCI.
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This Fund is available in the QP(k) and Lin(k) programs. As of August 1, 2002, establishing new qualified plans in these programs was discontinued. Current plan participants in qualified plans may continue to make contributions.
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.

0155605-00001-00        Ed. 6/2009