Company Press Release

NEWARK, N.J. — Prudential Financial, Inc. (NYSE:PRU) announced today that the retail mutual fund board of directors/trustees for the eligible JennisonDryden and Target mutual funds, and the Prudential Institutional Liquidity Portfolio, approved their participation in the U.S. Treasury Department's Temporary Guaranty Program for U.S. Money Market Mutual Funds.

The program protects shareholders of eligible money market funds from a decline in value up to the amounts held in their accounts as of the close of business on September 19, 2008, and was developed in response to recent market volatility and temporary dislocations in credit markets. The temporary guaranty is triggered if a participating fund's net asset value "breaks the buck"--falls below $0.995--and is liquidated. Funds participating in the program include: MoneyMart Assets; Dryden Money Market Fund; Dryden Government Securities Trust/Money Market Series; Cash Accumulation Trust/Liquid Assets Fund; Target Portfolio Trust/U.S. Government Money Market Portfolio; and Prudential Institutional Liquidity Portfolio/Institutional Money Market Series. Prudential Fixed Income Management, which manages most of these funds, is among the nation's most experienced fixed income managers and features one of the largest and most sophisticated research teams in the industry.

The program will exist for an initial three-month period, after which the Secretary of the Treasury will review the need and terms for extending the program. While the program protects the accounts of investors, each money market fund decides whether or not it wants to sign up. Investors cannot sign up for the program individually.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $638 billion of assets under management as of June 30, 2008, 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 approximately 50 million 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, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.

An investment in our money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.

Consider a 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. Advertisement

Mutual funds are distributed by Prudential Investment Management Services LLC (PIMS), member SIPC. Prudential Fixed Income Management is a unit of Prudential Investment Management, Inc. (PIM), a registered investment adviser. PIMS and PIM are Prudential Financial companies. JennisonDryden, Target, Prudential Financial, and the Rock Prudential logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.