Notes to Financial Statements (Unaudited) PRUDENTIAL EQUITY INCOME FUND
Prudential Equity Income Fund (the ``Fund'') is registered under the Investment Company Act of 1940 as a
diversified, open-end management investment company. The investment objective of the Fund is both current
income and capital appreciation. It seeks to achieve this objective by investing primarily in common stocks and
convertible securities that provide investment income returns above those of the Standard & Poor's 500 Stock
Index or the NYSE Composite Index. The ability of the issuers of the debt securities held by the Fund to meet
their obligations may be affected by economic developments in a specific industry or country.