JennisonDryden Names Michael Rosenberg to Lead Defined Contribution Business

JennisonDryden Mutual Funds today announced that Michael A. Rosenberg has been named senior vice president, responsible for expanding Prudential’s mutual funds presence within the defined contribution market. JennisonDryden is Prudential Financial, Inc.'s (NYSE: PRU) proprietary mutual fund family. Rosenberg joins JennisonDryden after leading Retirement Services at Goldman Sachs, where he worked closely with plan sponsors, consultants, service providers and intermediaries to develop retirement plan relationships. Rosenberg will lead a team that includes Regional Vice President Anthony Fiore. "Michael brings tremendous talent and leadership in the investment-only defined contribution market,” said John Drahzal, JennisonDryden’s director of distribution. "With employees focused on retirement savings now more than ever—and with help from recent tax laws favoring defined contribution plans—we believe this market offers a tremendous breadth of opportunities for our products.” Before joining Goldman Sachs in 1998, Rosenberg was a director of Investment Management Consulting for Capital Resource Advisors (now CRA Rogers Casey), a leader in the pension consulting business. He also spent 11 years at ABN AMRO developing and marketing retirement plan services. Rosenberg has a B.S. degree from Northern Illinois University and an MBA in finance from Keller Graduate School of Management. He is also NASD registered Series 7 and Series 63. JennisonDryden brings institutional asset management capabilities to retail investors in a wide range of mutual funds and separate accounts. JennisonDryden offers four asset managers—Jennison Associates, Quantitative Management Associates, Prudential Fixed Income, and Prudential Real Estate Investors (PREI®)—that are well known and respected by major corporations, pension plans, and other institutional investors throughout the world. Individuals investing in JennisonDryden products benefit from the same processes, research, risk management, and performance demanded by some of today’s largest and most sophisticated investors. JennisonDryden is a registered trademark of The Prudential Insurance Company of America. More information is available at www.jennisondryden.com. The JennisonDryden fund family is distributed by Prudential Investment Management Services, LLC, (Member SIPC), a Prudential Financial company. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $616 billion of assets under management as of December 31, 2006, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com. Investors should consider the fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the fund. Contact your financial professional for a prospectus, and read it carefully before investing.