Market Conditions Trigger Fund Reopening

December 8, 2008 ( - JennisonDryden plans to reopen the Jennison Small Company Fund.

“Reopening the fund gives the investment team the ability to take advantage of growing attractive valuations among small-cap stocks, driven in part by current market conditions that are creating a larger universe of small and mid-cap stocks,” said Scott Benjamin, senior vice president and head of product and marketing for JennisonDryden.

The fund (ticker: PGOAX) to all investors, effective on or about December 10, 2008. The fund initially closed to most new investors in April 2007 and imposed additional sales restrictions in October 2007, according to the announcement.   JennisonDryden is the proprietary mutual fund family of Prudential Financial, Inc.

John P. Mullman, managing director and small and mid-cap equity portfolio manager at Jennison Associates LLC, manages the fund with a team of six analysts. Together, they look for stocks of smaller companies with above-average growth prospects that the manager believes are underpriced by the market, according to the firm.

The manager builds the portfolio from companies with a market capitalization of between $500 million and $5 billion. Starting with a database of about 500 companies, the team narrows its search by conducting in-depth, bottom-up research and financial analysis, and supplements that process with more than 900 company meetings each year. The portfolio holds between 100 and 120 stocks.

More information about Jennison Small Company Fund, as well as other JennisonDryden funds, is online at