Dryden Small-Cap Value Fund
The Fund seeks above-average capital appreciation by investing in stocks of small-cap U.S. companies that the Fund's management team considers undervalued.

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: PZVAX) 10.26 No Change 0.00
Class B (Symbol: PZVBX) 9.30 Gain+0.01
Class C (Symbol: PZVCX) 9.29 No Change 0.00
# "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 A B C
Year-to-Date N/A N/A N/A 6.87 6.36 6.36 20.46
1-Year -3.70 -3.73 0.27 1.90 1.27 1.27 12.35
3-Year -11.46 -11.05 -10.40 -9.78 -10.40 -10.40 -7.80
5-Year -1.43 -1.15 -1.04 -0.31 -1.04 -1.04 1.01
10-Year N/A N/A N/A N/A N/A N/A 7.83
Since Incpt. 7.06 6.88 6.88 7.67 6.88 6.88 7.83
See Calendar Year Performance for the Dryden Small-Cap 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, 11/3/1999.
Growth of $10,000
Fund ReturnFund Return$21,896
Class A Benchmark Return*Benchmark Return$22,762
Fund/Benchmark Return Chart
*Lipper Small-Cap Value 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 Small-Cap Value 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, typically have a below-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.
Fund Facts & Holdings
Objective: Seeks above-average 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.
The following information is as of 10/31/2009 and is subject to change.
Total Net Assets: $104 million
Largest Stock Holdings (% of Assets)
ProAssurance 0.8%
Platinum Underwriters 0.8
Regal-Beloit 0.8
Southwest Gas 0.7
Rent-A-Center 0.7
Benchmark Electronics 0.7
El Paso Electric 0.7
Delphi Financial Group 0.7
Mueller Industries 0.7
Magellan Health Services 0.7
Top Ten (of 372) 7.3 %
Sector Breakdown (% of Assets)
Financials 24.8%
Industrials 19.7
Consumer Discretionary 12.9
Information Technology 10.1
Energy 8.0
Utilities 7.6
Healthcare 5.7
Materials 5.6
Other 4.9
Cash & Equivalents 0.7
Largest Industries (% of Assets)
Banks 10.3%
Insurance 6.7
Healthcare Providers & Services 4.5
Oil & Gas 4.5
Electronic Equipment & Instruments 3.9
Fund Statistics
Average Weighted Market Capitalization ($mil) 951.3
Beta (3 Year) 0.91
P/E Ratio 11.9
Standard Deviation (3 Year) 23.09
Turnover Ratio (%) 34
See most recent complete Portfolio Holdings list.

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; 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 is the rate of trading in a portfolio; higher values imply more frequent trading. Beta is benchmarked against the Russell 2000® Value Index which comprises securities in the Russell 2000 Index with a less-than- average growth orientation. Companies in this index generally have low price-to-book and price-to-earnings ratios. The index and Russell are trademarks of the Frank Russell Company. 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.
Fund Managers
New No Logo
The Dryden Small-Cap Value Fund is co-managed by John Leib, CFA, Deborah Woods, and Robert Leung, CFA, who are members of Quantitative Management Associates (QMA). 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 John Leib John Leib, CFA, is a vice president and portfolio manager for QMA. John has over 28 years of investment experience. He joined the Value Equity team of QMA's predecessor in 1987 as a portfolio manager/analyst. Over time, his role has shifted from overseeing the research efforts toward a dedicated focus on the management of the Value Equity accounts. John previously worked with Berg Fiduciary Consultants, a financial consulting firm, where he assisted pension clients in asset allocation modeling, analysis of investment managers, and special projects. John earned a B.A. in economics and mathematics from Hamilton College and an M.B.A. in finance from New York University.
Photo of Deborah Woods Deborah Woods is a vice president and portfolio manager for QMA's Value Equity team. She also directs fundamental quantitative research analysis for the Value Equity products. Debbie has over 30 years of investment experience and joined Prudential Financial in 1973 as an industry analyst. She received a B.A. in history from Wellesley College.

Robert Leung, CFA, (not pictured) is an Investment Associate for Quantitative Management Associates (QMA) and a member of the Value Equity team. Robert began with the team as a Research Assistant. He earned a BA in Economics from Union College and holds the Chartered Financial Analyst (CFA) designation. Robert has 13 years of investment experience, all with QMA.
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.

0157114-00003-00        Ed. 9/2009