ira, roth ira & sep ira application · pdf fileira, roth ira & sep ira application ......

of 9MF1011 Ed. 3/2011

Prudential Mutual Fund Services LLC (PMFS),a Prudential Financial company

IRA, Roth IRA & SEP IRA ApplicationFor assistance:

Financial professionals: (888) 778-5471Clients: (800) 225-1852

Please print clearly, preferably in capital letters and black ink. Return completed application to Prudential Mutual Fund Services LLC.See page 9 for complete mailing instructions.

The annual maintenance fee is $15 per fund, with a $25 maximum for two or more funds.

USA Patriot Act requirements – To help the government fight the funding of terrorism and money laundering activities, PrudentialFinancial is required to obtain, verify, and record information on each person who opens an account.

Please be sure to review the Privacy Policy at the end of this application.

Important – The following information is required for each person associated with the account:

• Name • Residence address • Date of birth • Taxpayer ID number (SSN or EIN)

If this information is not provided, we will be unable to open the account. If we are unable to verify your identity, PrudentialFinancial reserves the right to close your account or take other steps we deem reasonable.

Instructions

Account Ownership1All information is required. If a minor IRA account is being setup, then please provide the information of the custodian/guardian,in the same format, on a separate sheet.

First name MI Last name

Social Security number Date of birth

Account mailing address

City State ZIP code 4-digit ext.

Residential/Permanent address (Complete if different from above or PO Box was provided for account mailing address.)


Home telephone number Daytime telephone number Extension

E-mail address (optional)

Citizenship

� U.S. Citizen � Nonresident alien*

� Resident alien Country of residence

*Nonresident aliens must attach the applicable Internal Revenue Service (IRS) Form W-8(BEN, ECI, EXP, IMY), which can beobtained at www.irs.gov. Also, nonresident aliens must cross out item 3 in section 12.

Marital Status �Married � Single �Widowed � Divorced Number of Dependents

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Beneficiary Designations2Those you designate as your primary beneficiaries will be the first to inherit your mutual fund assets upon your death. Secondarybeneficiaries will receive the balance of your mutual fund assets only after the primary beneficiary. Indicate the percentages foreach beneficiary. The primary and secondary beneficiary totals must each equal 100%. Spousal Consent - If you are a married person and have not designated your spouse as your sole primary beneficiary, your spousemust sign section 12.

A. Primary Beneficiaries (check all that apply)

� My Spouse (Select one only. Do not check both boxes.)

□ To the person I am married to at the time of my death

OR

□My spouse by name %Name (first, MI, last name) Date of birth (mm/dd/yyyy)

� My DescendantsIf you want your assets divided into unequal amounts to your descendants, then list the names and percentages of each person in the “Individual” section.

□ To my descendants who survive me, per stirpes %With per stirpes, your assets will be divided equally among your children. If a child is deceased, the entire portion due to that child will be divided equally among his or her children (if any). Note: Step children, foster children, etc are not included.

□ Equally to my grandchildren who survive me %

� IndividualsIf the Per Stirpes designation is checked and the named beneficiary does not survive the account owner, but leaves surviving descendants, then any share otherwise payable to such beneficiary shall instead be paid to such beneficiary’s surviving descendants, by right of representation. Note: If you need more space to list additional beneficiaries, provide all the information in the same format on a separate sheet with the date and your signature.

□ Name (first, MI, last name) Date of birth (mm/dd/yyyy)

%Relationship to owner ❍ Add a Per Stirpes designation

(optional designation)







� Trusts & Other Designations

□ Trust, Entity or Charitable Organization Name Date of Trust (mm/dd/yyyy) %

□My Estate ......................................................................................................................................................................................... %

%

}

1 0 0If the total does not equal 100%, Prudential will allocate equal percentages totaling 100% >

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Beneficiary Designations (continued)2B. Secondary Beneficiaries (check all that apply)

� My Spouse (Select one only. Do not check both boxes.)

□ To the person I am married to at the time of my death

OR

□My spouse by name %Name (first, MI, last name) Date of birth (mm/dd/yyyy)

� My DescendantsIf you want your assets divided into unequal amounts to your descendants, then list the names and percentages of each person in the “Individual” section.

□ To my descendants who survive me, per stirpes %With per stirpes, your assets will be divided equally among your children. If a child is deceased, the entire portion due to that child will be divided equally among his or her children (if any). Note: Step children, foster children, etc are not included.

□ Equally to my grandchildren who survive me %

� IndividualsIf the Per Stirpes designation is checked and the named beneficiary does not survive the account owner, but leaves surviving descendants, then any share otherwise payable to such beneficiary shall instead be paid to such beneficiary’s surviving descendants, by right of representation. Note: If you need more space to list additional beneficiaries, provide all the information in the same format on a separate sheet with the date and your signature.










� Trusts & Other Designations

□ Trust, Entity or Charitable Organization Name Date of Trust (mm/dd/yyyy) %

□My Estate ......................................................................................................................................................................................... %

%

C. Minor Beneficiaries (optional)If any beneficiary named in this form is a minor, I hereby request that proceeds be paid to as custodian under the (name of state) UTMA (to the extent permitted by named state).

Important: The date of birth of the named minor is required in Section 2 (Individuals) for this designation to apply.

}

1 0 0If the total does not equal 100%, Prudential will allocate equal percentages totaling 100% >

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Account Type & Contribution Information3A. Account Type (Choose only one.)

� Traditional IRA � Roth IRA*(Establishment date)

� Rollover IRA � SEP IRA**(Employer name)

*The establishment date is the earliest date you either opened a Roth IRA or originally converted from a traditional IRA to a Roth IRA.This information is requested by the IRS and is needed to determine compliance with the taxable five-year holding period requirement.

**For SEP IRAs, the tax year for employer contributions is for your informational purposes only; all employer contributions arereported in the year received by Prudential Mutual Fund Services LLC (PMFS).

B. Inherited IRADecedent’s First name MI Last name

Decedent’s Date of death

Note: Please complete and attach the Request for IRA Beneficiary Distribution (Spouse and Non-Spouse) form (MF1024A) or theRequest for IRA Beneficiary Distribution (Entity) form (MF1024C) to establish required minimum distributions (RMD) from your newinherited IRA.

C. Contribution/Purchase Instructions

� Contributions (For SEP IRAs, input employee contributions as a Contribution.)Contribution for tax year Regular $ Catch-up $

Contribution for tax year Regular $ Catch-up $

Employer contribution for tax year Amount $ (SEP IRA only)

Employer contribution for tax year Amount $ (SEP IRA only)

� Rollover Purchase. Within 60 days of your receipt either from another like IRA (e.g. Roth IRA to Roth IRA or Traditional IRA toTraditional IRA) or an eligible rollover distribution from a retirement plan to a Traditional IRA, Rollover IRA or Roth IRA.

� Direct Rollover from an employer-sponsored retirement plan.Complete the Transfer/Direct Rollover/Conversion Authorization form (MF1012).

� Direct Rollover from a Roth 401(k) plan or Roth 403(b) plan.Complete the Transfer/Direct Rollover/Conversion Authorization form (MF1012).

� Transfer of an existing IRA, Roth IRA, SEP IRA, or SARSEP account from another custodian.Complete the Transfer/Direct Rollover/Conversion Authorization form (MF1012).

� Conversion from an existing Traditional IRA, SEP IRA, or SARSEP IRA account from another custodian into a Roth IRA.Complete the Transfer/Direct Rollover/Conversion Authorization form (MF1012).

Please make check payable to Prudential Mutual Fund Services.

Rollover check amount $

Estimated amount $

Estimated amount $

Estimated amount $

2 0

2 0

2 0

2 0

Estimated amount $

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Mutual Fund Selection & Allocation 4Please provide your investment selections by checking the box next to the fund number and indicate allocations as either a percentage (%) ordollar amount ($). If a fund offers a share class not listed, then write the fund number or share class in the ‘Other’ column next to the fund name.Refer to the fund’s prospectus for fund minimum and eligibility requirements.

Total: (100% or $)

Note: The total must equal 100% or the total dollar amount provided in section 3.

Fund Share Class Initial InvestmentFund Name Class A Class B Class C Other % $Prudential Asset Allocation Fund � 296 � 297 � 356 _____ % $Prudential Conservative Allocation Fund � 1509 � 1510 � 1511 _____ % $Prudential Growth Allocation Fund � 1501 � 1502 � 1503 _____ % $Prudential Moderate Allocation Fund � 1505 � 1506 � 1507 _____ % $Prudential Large-Cap Core Equity Fund � 533 � 534 � 369 _____ % $Prudential Stock Index Fund � 573 ---- � 379 _____ % $Prudential Strategic Value Fund � 586 � 587 � 383 _____ % $Prudential Jennison 20/20 Focus Fund � 515 � 516 � 362 _____ % $Prudential Jennison Blend Fund � 21 � 12 � 306 _____ % $Prudential Jennison Conservative Growth Fund � 560 � 561 � 373 _____ % $Prudential Jennison Growth Fund � 267 � 268 � 349 _____ % $Prudential Jennison Select Growth Fund � 576 � 577 � 381 _____ % $Prudential Jennison Value Fund � 26 � 19 � 307 _____ % $Prudential Mid-Cap Value Fund � 1756 � 1696 � 1634 _____ % $Prudential Small-Cap Value Fund � 566 � 567 � 376 _____ % $Prudential Jennison Mid-Cap Growth Fund � 298 � 299 � 357 _____ % $Prudential Jennison Small Company Fund � 25 � 18 � 316 _____ % $Prudential Global Real Estate Fund � 511 � 512 � 361 _____ % $Prudential International Real Estate Fund � 1040 � 1041 � 1042 _____ % $Prudential Jennison Equity Income Fund � 1760 � 1700 � 1638 _____ % $Prudential Jennison Equity Opportunity Fund � 285 � 286 � 354 _____ % $Prudential Financial Services Fund � 546 � 547 � 370 _____ % $Prudential Jennison Health Sciences Fund � 550 � 551 � 372 _____ % $Prudential Jennison Market Neutral Fund � 1010 � 1011 � 1012 _____ % $Prudential Jennison Natural Resources Fund � 32 � 39 � 312 _____ % $Prudential Jennison Utility Fund � 9 � 2 � 342 _____ % $Prudential Real Assets Fund � 1050 � 1051 � 1052 _____ % $Prudential US Real Estate Fund � 1030 � 1031 � 1032 _____ % $Prudential International Equity Fund � 574 � 575 � 380 _____ % $Prudential International Value Fund � 283 � 284 � 353 _____ % $Prudential Absolute Return Bond � 1044 ---- � 1045 _____ % $Prudential Floating Rate Income Fund � 1034 ---- � 1035 _____ % $Prudential Government Income Fund � 84 � 79 � 314 _____ % $Prudential High Yield Fund � 87 � 95 � 317 _____ % $Prudential Short-Term Corporate Bond Fund � 78 � 174 � 339 _____ % $Prudential Total Return Bond Fund � 264 � 265 � 347 _____ % $Prudential Global Total Return Fund � 272 � 273 � 351 _____ % $Prudential Emerge Mrkt Dbt Local Currency Fund � 1054 ---- � 1055 _____ % $Prudential California Muni Income Fund � 6 � 255 � 305 _____ % $Prudential Muni High Income Fund � 28 � 35 � 322 _____ % $Prudential National Muni Fund � 22 � 15 � 336 _____ % $

Prudential MoneyMart Assets ---- ---- ---- � 75 % $

Target Conservative Allocation Fund � 525 � 526 � 366 _____ % $Target Growth Allocation Fund � 529 � 530 � 368 _____ % $Target Moderate Allocation Fund � 527 � 528 � 367 _____ % $

OTHERFUNDS

EQUITYFUNDS

FIXEDINCOMEFUNDS

AssetAllocation

Large-CapStock

Small / Mid-CapStock

Specialty

InternationalStock

TaxableBond

MunicipalBond

MoneyMarket

AssetAllocation

Global Bond

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Letter of Intent & Rights of Accumulation5� Letter of Intent (LOI): Check here if establishing, complete the Letter of Intent form (MF230 PMFS), and include with this

application. Financial professionals can request a copy by calling (888) 778-5471.

� Rights of Accumulation: Check here and list account numbers below if you qualify for sales discounts on Class A shares.Please refer to the fund's prospectus and Statement of Additional Information to learn more about accounts that may beeligible. Indicate eligible accounts below. Note: All eligible funds may be aggregated for purposes of sales discounts on Class Ashares. If such funds are not held directly at PMFS, you should inform your sales professional in order to take advantage ofthese discounts.

Account Number Account Owner Name (first name, MI, last name) Relationship to You

Distribution Options6All dividends and capital gains will be reinvested if you do not make an election.

Dividends � Reinvest in shares � Pay in cash* � Send by ACH to the bank specified in section 9.Capital Gains � Reinvest in shares � Pay in cash* � Send by ACH to the bank specified in section 9.

*If the dividends and capital gains are to be distributed in cash or sent by ACH, please complete, sign and return IRS Form W-4Pwith this application.

Telephone/Online Exchange and Redemption Option7Your account will automatically be coded with the Telephone/Online Redemption and the Telephone/Online Exchange Privileges,unless you check the “No” box below.

� I do not want telephone exchange and redemption privileges.

Unless otherwise indicated above, you authorize the Fund’s distributor, Prudential Investment Management Services LLC (PIMS), toaccept telephone exchange and redemption instructions from any person identifying himself/herself as the owner of the account oras the owner’s dealer representative conveying instructions of the owner. PIMS and/or the Fund’s transfer agent, Prudential MutualFund Services LLC (PMFS), will employ reasonable procedures to confirm that such telephone instructions are genuine. Neither theFunds, PIMS nor PMFS shall be liable for any losses due to unauthorized or fraudulent instructions provided that such procedures arefollowed. Telephone exchanges and redemptions are subject to the procedures and conditions set forth in each Fund’s prospectus.

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Bank of Record*9Bank/Credit union name

Bank telephone number Bank routing number Bank account number

*To ensure accuracy, verify with your bank or credit union.Name of depositor on bank records (first, middle initial, last name) Bank type: � Checking � Savings

Name of joint depositor on bank records (first, middle initial, last name)

�

Attach voidedcheck here.

Name on bank account Check no. 1234

Street address

City, State ZIP

DATE

PAY TO THE ORDER OF $

DOLLARS

FOR _________________________________

555555 55555 1234123456789

Routing number (9 digits)

�

�

�

VOIDBank account number

Purchase Options (Check all that apply.)8A. � ACH Purchase Option: Check if you want the capability to make wire purchases, online or by telephone, upon demand, by

having the purchase amount debited from your bank account.

B. � Automatic Investment Plan (AIP): Set up recurring purchases into a fund and have the purchase amount debited from yourbank account. Note: All contributions will be processed as current year contributions and the total contributions may notexceed the maximum allowed per tax year.

Frequency (The minimum investment amount is $50 per fund.) :

�Weekly on __________(enter day of week e.g. Monday)�Monthly on the __________(enter a day of the month e.g. 15th)

Start date*

*If a specific day of the month is not listed above, debits will be made on or about the 15th of the month.

Share class Other$ into the Fund � A � B � C �

$ into the Fund � A � B � C �





$ Total amount (to be debited from bank/credit union account as specified in section 9)

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Financial Professional(s) Identification and Signature(s) (if applicable)11Broker/dealer name (Please print.)

Broker/dealer number Branch number Representative number*

*If more than one rep, use your joint rep number.

1. Financial professional (first name, MI, last name) (Please print.)

Financial professional’s signature X

Branch telephone number Alternate telephone number

2. Financial professional* (first name, MI, last name) (Please print.)



e-Delivery and Mailing Preferences*10Why wait for the mail if you can get your account statements, confirmations, prospectuses, and fund reports faster by signing up fore-Delivery? By registering for this convenient and environmentally-friendly service, you will receive your Prudential mutual funddocuments online instead of in the mail. As new documents become available, you will receive an e-mail informing you of the newdocuments and instructions on how to view them online. You may change your e-mail address or cancel participation at any time byupdating your mailing preferences. Note: Certain entity and institutional accounts are not eligible for e-Delivery.

Account Statements: � e-Delivery � U.S. mail � e-Delivery and mail year-end statementConfirmations: � e-Delivery � U.S. mailProspectus, Fund Reports, and Proxy Mailings: � e-Delivery � U.S. mail

*All documents will be sent to you by U.S. Mail if you do not make a selection.

By enrolling for e-Delivery, you consent to receive online versions rather than paper copies of materials for your mutual fundaccounts at Prudential Mutual Fund Services LLC (PMFS). Once your account is established, PMFS will contact you by e-mail withinstructions to complete the online enrollment process and to log in to our website. We will only use your e-mail address to provideyou with the material you requested or to send important news about your account.

E-mail address for e-Delivery

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Signature and Tax Certification13The undersigned warrants that I have full authority and I am of legal age to purchase shares pursuant to this application. Further, Iacknowledge receipt of the prospectus(es) for the mutual fund(s) which I have selected, and agree to its/their terms. Iacknowledge receipt of the applicable Individual Retirement Custodial Account Agreement and Disclosure Statement and Iunderstand that there may be fees associated with this account.

I consent to the “householded” delivery of any mutual fund prospectuses, shareholder reports, or proxy statements. This meansPrudential Mutual Fund Services LLC (PMFS) will deliver a single copy of these documents to shareholders who share an address, evenif the accounts are registered in different names. My participation in this program will continue indefinitely unless I contact PMFS.

According to Federal law and/or state regulations, your account(s) may be subject to escheatment to your state of residency.Escheatment may be based on account inactivity and/or mail being returned by the post office (RPO). Check with your stateController’s office for additional guidance.

To help the government fight the funding of terrorism and money laundering activities, Prudential Financial is required to obtain,verify, and record information on each person who opens an account. This verification process will take place as we open youraccount. Once verification is completed, Prudential Financial will be able to fully service and maintain the account.

� Account Restriction: Check here if you would like PMFS to establish a restricted account from which funds shall be disbursedonly upon receipt of a valid court order or other document(s), as appropriate. A copy of the restriction (court order orotherwise), signed and dated on ________________________ has been provided with this mutual fund application. Therestriction shall continue until PMFS receives a valid court order or other written instruction as directed by PMFS, expresslyauthorizing the removal of the restriction.

The IRS does not require your consent to any provision of this documentother than the certification required to avoid backup withholding.

Owner’s signature X Date Sign here

Under penalties of perjury, I certify that:

(1) The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me),(2) I am not subject to backup withholding because: a) I am exempt from backup withholding; b) I have not been notified by the

Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest ordividends, or c) the IRS has notified me that I am no longer subject to backup withholding, and

(3) I am a U.S. person (including a U.S. resident alien).

You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholdingbecause of underreporting interest or dividends on your tax return. You must cross out item 3 if you are a not a U.S. person(including a U.S. resident alien).

Spousal Consent Authorization12Special laws apply to the designation of an IRA beneficiary by a married person residing in a "community property" state. If you aremarried and reside in a community property state and have not designated your spouse as your sole primary beneficiary in section 2,your spouse must sign this section. Your spouse's signature represents consent to the beneficiary designation.

First name MI Last name

Signature of spouse X Date (of IRA owner)

Sign here

Mailing Instructions for Mutual Fund Account Application

Standard Prudential Mutual Fund Services LLC mail to: PO Box 9658

Providence, RI 02940

Overnight Prudential Mutual Fund Services LLC mail to: 4400 Computer Drive

Westborough, MA 01581

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Transfer/Direct Rollover/Conversion Authorization

For assistance: Clients: (800) 225-1852

Pruco representatives: (800) 542-7117Financial professionals: (888) 778-5471

Submit a separate transfer form for each Resigning Custodian and each unique account type.

Instructions

Account Owner Information 1First name MI Last name

Social Security number PMFS account number (Required for existing accounts only.)

Account(s) to be Transferred to PMFS (Please attach copies of your most recent account statements.)2Complete all sections for your request to be processed. Note: Prudential Mutual Fund Services LLC cannot accept stock certificates.

A. Account types being transferred to PMFS

Transfer-in-Kind Instructions4Complete this section only if you have existing Prudential mutual funds and want to change your current Trustee/Custodian.Prudential shares will not be sold.

� Transfer my funds “in kind” immediately.

Important: Section 3 must be completed for any general securities to be liquidated. Otherwise, only Prudential positions will betransferred.

Transfer Instructions3All liquidations are done immediately unless special instructions are provided below. Check with your sending institution aboutfinancial penalties, suspensions, signature guarantees, or other restrictions that could affect the transfer of your account to PMFS.

A. Liquidate

� All $ (estimated value) � Partial % or $

B. Special instructions for CDs and certain annuity contracts

� Transfer immediately. I am aware of and acknowledge any penalty I may incur from an early withdrawal.

B. Account number(s) to be transferred

C. Resigning Custodian informationName of institution/employer-sponsored retirement plan from which the accounts in section B above will be transferred

Attention

Mailing address


Contact telephone number Extension Name of contact person or department

� Traditional IRA � Roth IRA � SEP-IRA � 403(b) Plan � Governmental 457 Plan� Roth 401(k) Plan � Roth 403(b) Plan � SIMPLE IRA� Employer-Sponsored 401(a) Retirement Plan (i.e., 401(k), pension or profit sharing plan, or defined benefit plan)

� Transfer at maturity (month, day, year): (Please submit 4 weeks prior to maturity date.)

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PMFS Account Type5The transferred proceeds will be invested into the following account type.

� Traditional IRA, Rollover IRA, or SEP IRA

� Roth IRA or Roth Conversion IRA Establishment date* � 403(b) Plan – You must have an existing account at PMFS. New accounts will not be accepted. *The date you originally contributed to a Roth IRA or converted from a traditional IRA to a Roth IRA. This information is required bythe IRS for compliance with the 5 tax-year holding period requirement.

Mutual Fund Selection and Allocation6

Withholding Election and Roth Conversion Disclosure7

Mailing Instructions for Resigning Custodian8

Federal tax law requires that income tax be withheld at a rate of 10% from the total amount of your IRA distribution/conversionunless you elect not to have tax withheld. Depending on your state of residence, state tax withholding may also apply.

If you do not want taxes withheld, proceed to the next section.

If you would like to have taxes withheld, please check the box below:

� I would like federal and applicable state income taxes withheld from my IRA distribution being converted to a Roth IRA. Iunderstand that, as a result, the portion of my IRA distribution that is withheld as income taxes will not be converted to myRoth IRA and may result in adverse tax consequences. (Please consult with your tax adviser.) If you would like more than 10% withheld, please indicate below:

Federal taxes State taxes* (Percentage or Dollars)

Percentage: % (minimum 10% distribution), or Percentage: %, or

Dollar amount $ (Amount cannot be less than 10% of distribution.) Dollar amount $

*Percentage/dollar amount cannot be less than the minimum required for your state.



If you have any questions, please call PMFS at (800) 225-1852, Monday through Friday between 8 a.m. to 6 p.m. Eastern time.

Checks should be made payable to “PMFS for the benefit of (account owner).” Checks should be sent to:



� I am opening a new account and have attached a completed application. Allocation instructions are included in section 4 ofmy new account application.

� For this transfer request, invest the amount received into my existing account(s) (indicated in section 1) in the funds andallocations listed below.

Please provide investment fund selections and indicate allocations. Refer to the fund's prospectus for the fund minimum andeligibility requirements. Note: All allocations by percentage must total 100%.

Share class Fund name Fund number Percent AmountA B C Other

� � � % or $

� � � % or $

� � � % or $

� � � % or $

� � � % or $

� � � % or $

Total 1 0 0 % or $ Fund Holding Years. Indicate the number of years you intend to hold your mutual fund

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Authorization9For Traditional IRAs, Roth IRAs, SEP-IRAs, and 403(b) accounts. It is my intention to effect a transfer, without inclusion of theamount to be transferred in my gross income. You are directed to transfer all or a portion of the redemption value of the accountas identified in section 2 to an account established for me with Prudential Trust Company (PTC) as custodian. Accordingly, youare hereby directed to request on my behalf the transfer of my interest in the account referenced in section 2 for subsequentinvestment in Prudential Mutual Funds for investment in the custodial account(s) maintained for me. I hereby agree to the termsand conditions set forth in this Transfer/Direct Rollover/Conversion Authorization.

For direct rollover. This authorizes the employer-sponsored retirement plan designated in section 2 to distribute my eligiblerollover distribution directly from my retirement plan to PTC in accordance with the instructions in section 3.

I understand that the conversion of a traditional IRA to a Roth IRA will result in a taxable event which will be reported to the IRS.

If the account owner has attained the age of 70½ or older in the year of this transfer request, the required minimum distributionmust be removed prior to the transfer being made.

I understand that the Resigning Custodian may charge a closeout fee for IRA accounts. The default election is for the ResigningCustodian to redeem shares to cover charges.

� I authorize the Resigning Custodian to redeemshares to cover those charges.

Owner’s signature X Date

Signature Guarantee (If applicable, may be required by Resigning Custodian.)

Sign here

� I will arrange to cover those charges by other means. Important: If elected, any fees must be paid to the resigning custodian,prior to submitting this form, or they may deny the request.

Prudential Trust Company's Acceptance (To be completed by PMFS.)10Prudential Mutual Fund Services LLC, as agent for the Prudential Trust Company (PTC) which is custodian of the traditional IRA,Roth IRA, SEP IRA or 403(b) plan, hereby confirms its acceptance of the above mentioned transfer or rollover.

Authorized signature of Prudential Mutual Fund Services LLC (as agent for PTC)

X

Financial Professional Identification and Signature (if applicable)11Financial professional’s name (first name, MI, last name) (Please print.)


Broker/Dealer’s name (Please print.)

Broker/Dealer number Branch/Agency number Rep./Contract number


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Authorization to Convert from a Traditional IRA to a Roth IRA

For assistance: Clients: (800) 225-1852

Pruco representatives: (800) 542-7117Financial professionals: (888) 778-5471

Use this form to request a distribution from your current PMFS traditional IRA and have the proceeds invested in a new or existingPMFS Roth IRA. Note: Conversion from a traditional IRA to a Roth IRA is a reportable, taxable event and may not be suitable foreveryone. You should consult with your tax adviser to review the consequences of this conversion.Please follow these steps:• Read the statement in section 6 and sign where indicated.• Make sure you have received and read a copy of the Roth IRA Custodial Agreement and Disclosure Statement included with

the IRA and Roth IRA Application.• If you would like to add or to change the beneficiary designation on your Individual Retirement Account (IRA), please complete

the MF 1001 Beneficiary Designation form.

Instructions

Method of Distribution3Please distribute the following amount from my traditional IRA (check one):

� Full distribution (100%)� Partial distribution in the amount of $ in cash� Partial distribution for shares

, .

Fund Allocation4I want the distribution indicated above to be invested into the following fund:

� Same fund as indicated in section 1 above

� New fund � Existing account: Fund number Account number

Mutual Fund Account Ownership Information1Name (first, MI, last name) �Mr. �Ms. �Mrs.

Mailing address

City State ZIP code 4-digit ext

Social Security number Date of birth

Fund name (Specify portfolio and class of shares, if applicable.)

Fund number Account number Daytime telephone number

Distribution Direction2Prudential Mutual Fund Services LLC is hereby directed to complete this distribution from a traditional IRA and apply the proceeds to a Roth IRA dated:

Note: The establishment date is the earliest date you either opened a Roth IRA or originally converted from a traditional IRA to aRoth IRA. This information is requested by the IRS for compliance with the 5-year IRS holding period requirement. Please be awarethat if you are requesting a conversion into an existing Roth IRA, a separate 5-year holding period applies to each conversion.PMFS will only track the holding period for the initial transaction that established the Roth IRA. It is your responsibility to track theholding period for each subsequent conversion.

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Withholding Election and Roth Conversion Disclosure5Federal tax law requires that income tax be withheld at a rate of 10% from the total amount of your IRA distribution/conversionunless you elect not to have tax withheld. Depending on your state of residence, state tax withholding may also apply.

If you do not want taxes withheld, sign the election form below. By signing this form, you elect not to have taxes withheld.

If you would like to have taxes withheld, please check the box below:

� I would like federal and applicable state income taxes withheld from my IRA distribution being converted to a Roth IRA. I understand that, as a result, the portion of my IRA distribution that is withheld as income taxes will not be converted to myRoth IRA and may result in adverse tax consequences. (Please consult with your tax adviser.) If you would like more than 10%withheld, please indicate below:

Federal taxes

Percentage: % (minimum 10% distribution), or

Dollar amount $ (Amount cannot be less than 10% of distribution.)

State taxes*

Percentage: %, or

Dollar amount $

*Percentage/dollar amount cannot be less than the minimum required for your state.

, .

, .

Signature6By signing below, I certify that:

• The information provided on this form regarding my status with respect to the account involved and all other aspects is correct.• I understand that converting from a traditional IRA to a Roth IRA is a taxable event which will be reported to the IRS and I will

be responsible for paying any income tax which might result from this conversion.• I have received and read a copy of the Roth Individual Retirement Custodial Account Agreement, Disclosure Statement and

applicable fund prospectuses.

X Date Sign here

Mailing Instructions for Mutual Fund Account Application





Privacy NoticeThis notice is being provided on behalf of the companies listed in this Notice. It describes how information aboutyou is handled and the steps we take to protect your privacy. We call this information “customer data” or just“data.” If you have other Prudential products or relationships, you may receive a separate privacy notice describingthe practices that apply to those products or relationships. If your relationship with us ends, we will continue tohandle data about you the same way we handle customer data.

Protecting Customer DataWe maintain physical, electronic, and procedural safeguards to protect customer data. The only persons who areauthorized to have access to it are those who need access to do their jobs. We require them to keep the datasecure and confidential.

Information We CollectWe collect data you give us and data about the products and relationships you have with us, so that we can serveyou, including offering products and services to you. It includes, for example:

your name and address,income and Social Security number.

We also collect data others give us about you, for example:medical information for insurance applications,consumer reports from consumer reporting agencies, andparticipant information from organizations that purchase products or services from us for the benefitof their members or employees, for example, group life insurance.

Sharing DataWe may share data with affiliated companies and with other companies so that they can perform services for usor on our behalf. We may, for example, disclose data to other companies for customer service or administrativepurposes. We may disclose limited information such as:

your name,address, andthe types of products you own

to service providers so they can provide marketing services to us.

We may also disclose data as permitted or required by law, for example:to law enforcement officials,in response to subpoenas,to regulators, orto prevent fraud.

We do not disclose data to Prudential affiliates or other companies to allow them to market their products orservices to you. We may tell you about a product or service that a Prudential company or other companies offer.If you respond, that company will know that you were in the group selected to receive the information.

Annual NoticesWe will send notices at least once a year, as federal and state laws require. We reserve the right to modify thispolicy at any time.

If you have questions about Prudential’s Privacy Notice please call us. The toll-free number is (800) 236-6848.

Prudential, Prudential Financial and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and itsaffiliates. The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102-3777.Your Financial Security, Your Satisfaction & Your Privacy Privacy 0019 Ed. 1/2011

MUTU-D4413

Many Prudential Financial companies are required to send privacy notices to their customers. This notice is beingprovided to customers of the Prudential Financial companies listed below:

Insurance Companies and Separate AccountsPrudential Insurance Company of America, ThePrudential Annuities Life Assurance CorporationPruco Life Insurance CompanyPruco Life Insurance Company of New JerseyPrudential Retirement Insurance and Annuity Company (PRIAC)PRIAC Variable Contract Account ACG Variable Annuity Account I & II (Connecticut General)Pruco Insurance Company of IowaAll separate accounts that include the following names: Prudential, Pruco, and PRIAC

Insurance AgenciesPrudential Insurance Agency, LLC

Broker-Dealers and Registered Investment AdvisersAST Investment Services, Inc.Prudential Annuities Distributors, Inc.Global Portfolio Strategies, Inc.Prudential Bache Securities, LLCPruco Securities, LLCPrudential Investment Management, Inc.Prudential Investment Management Services LLCPrudential Investments LLC

Bank and Trust CompaniesPrudential Bank & Trust, FSBPrudential Trust Company

Investment Companies and Other Investment VehiclesAsia Pacific Fund, Inc., TheGreater China Fund Inc., ThePrudential Investments Mutual FundsPrudential Capital Partners, L.P.Target Portfolio Trust, ThePB Financial Services, Inc.Advanced Series TrustThe Prudential Series FundAll funds that include the Prudential name

Futures Commission MerchantPrudential Bache Commodities, LLC

MUTU-D4413

1

This Agreement governs the Participant'sPrudential Roth Individual RetirementCustodial Account ("IRA"), and is madebetween the Depositor and the Custodian toestablish a Roth Individual RetirementCustodial Account under section 408A of theInternal Revenue Code (the "Code") for theexclusive benefit of the Depositor and his orher beneficiaries. Actions by or for theCustodian shall also be deemed to includeactions by or for the Custodian's designee(herein Prudential Mutual Fund Services,LLC, also referred to as PMFS).

ARTICLE I—DEFINITIONS1. Application The application by which this Agreement, as it

may be amended from time to time, is accepted

by the Participant. The signed Application, and

the statements contained therein, are an integral

part of this Agreement.

2. Beneficiary The person or persons designated as such in

the Application or as indicated in the latest

subsequent written beneficiary designation

received by the Custodian from the Participant.

3. CodeThe Internal Revenue Code of 1986, as

amended from time to time.

4. Custodial AccountThe Individual Retirement Custodial Account

established under this Agreement. The account

is established for the exclusive benefit of the

individual or his or her beneficiaries. The interest

of an individual in the balance in his or her

account is nonforfeitable at all times.

5. Depositor Individual who makes contributions to this or

other Individual Retirement Accounts on his or

her own behalf.

6. DisabilityThe inability of an individual to engage in any

substantial gainful activity by reason of any

medically determined physical or mental

impairment, which can be expected to result in

death or to be of long, continued, and indefinite

duration. An individual shall not be considered to

be permanently and totally disabled unless he or

she furnishes proof of the existence thereof in

such form and manner, and at such times as the

Internal Revenue Service (IRS) may require.

7. Fund SharesMutual Fund Shares which are offered through

Prudential Mutual Fund Services LLC (PMFS)

for investment of Custodial Account assets.

8. ParticipantEach individual who has signed the Application

accompanying this Agreement and on whose

behalf contributions are made. This Agreement

governs the Participant's Prudential Mutual Fund

Individual Retirement Account ("IRA"), and is

made between the Participant and the

Custodian to establish an individual retirement

custodial account under Section 408(a) of the

Code for the exclusive benefit of the Participant

and his or her beneficiaries.

ARTICLE II1. Maximum permissible amountExcept in the case of a qualified rollover

contribution or a recharacterization (as defined

in II.4 below), no contribution will be accepted

unless it is in the form of a check or other

instrument acceptable by the Custodian. The

total of such contributions to all the Depositor's

Roth IRAs for a taxable year cannot exceed the

applicable amount (See Applicable Amount,

under II.2(c) below), or the Depositor's

compensation (as defined in II.6 below), if less,

for that taxable year. The contribution described

in the previous sentence that does not exceed

the lesser of the applicable amount or the

Depositor's compensation is referred to as a

"regular contribution". It is the responsibility of

the Depositor to determine whether any excess

contribution has been made, the amount of the

excess, the amount of any income earned on

the excess contribution, and for the timely

withdrawal or recharacterization of the

appropriate amounts.

A "qualified rollover contribution" is a

rollover contribution of a distribution from an IRA

that meets the requirement of Section 408(d)(3)

of the Code, except the one-rollover-per-year

rule of Section 408(d)(3)(B) does not apply if the

rollover contribution is from an IRA other than a

Roth IRA (a "non-Roth IRA"). "). For taxable

years beginning after 2005, a qualified rollover

contribution includes a rollover from a

designated Roth account described in Code

Section 402A; and for taxable years beginning

after 2007, a qualified rollover contribution also

includes a rollover from an eligible retirement

plan described in § 402(c)(8)(B). Contributions

may be limited under II.2 through II.3 below.

However, notwithstanding the dollar limits

on contributions, an individual may make a

repayment of a qualified reservist distribution

described in Section 72(t)(2)(G) during the 2-year

period beginning on the day after the end of the

active duty period or by August 17, 2008, if later.

2. Regular contribution limitIf (a) and/or (b) below apply, the maximum

regular contribution that can be made to all the

Depositor's Roth IRAs for a taxable year is the

smaller amount determined under (a) or (b),

as applied to the applicable amount under (c)

below. After 2006, the dollar amounts above will

be adjusted for cost-of-living increases under

Section 408(A)(c)(3). Such adjustments will be

in multiples of $1,000.

(a) The maximum regular contribution is phased

out ratably between certain levels of modified

adjusted gross income ("modified AGI,"

defined in (I.5) below) in accordance with the

following table:

If the Depositor's modified AGI for a taxable year

is in the phase-out range, the maximum regular

contribution determined under this table for that

taxable year is rounded up to the next multiple

of $10 and is not reduced below $200.

(b) If the Depositor makes regular contributions

to both Roth and non-Roth IRAs for a taxable

year, the maximum regular contribution that

can be made to all the Depositor's Roth IRAs

for that taxable year is reduced by the

regular contributions made to the Depositor's

non-Roth IRAs for the taxable year.

(c) Applicable Amount. The applicable amount

is determined under (1) or (2) below:

(1) If the Depositor will be under age 50

as of the end of the calendar year, the

applicable amount is $3,000 for 2002

through 2004; $4,000 for years 2005

through 2007; and $5,000 for 2008.

After 2008, the limit will be adjusted by

the Secretary of the Treasury for cost-

of-living increases under Code section

219(b)(5)(D). Such adjustments will

be in multiples of $500.

(2) If the Depositor will be 50 or older as

of the end of the calendar year, the

applicable amount is $3,500 for 2002

through 2004; $4,500 for 2005; $5,000

for 2006 and 2007; and $6,000 for

2008. After 2008, these limits will also

be adjusted by the Secretary of the

Treasury for cost-of-living increases

under Code section 219(b)(5)(C).

Such adjustments will be in multiples

of $500.

(3) If the individual was a participant in a

Section 401(k) plan of a certain

employer in bankruptcy described in

Section 219(c)(5)(c), then the

applicable amount under (1) above is

increased by $3,000 for taxable years

beginning after 2006 and before 2010

only. An individual who makes

contributions under this paragraph

may not also make contributions

under paragraph (2).

Filing Status

Single or Head ofHousehold

Joint Return or QualifyingWidow(er)

Married-SeparationReturn

Full Contribution

$95,000 or less

$150,000 or less

$0

Phase-out Range Modified AGI

Between $95,000 &$110,000

Between$150,000 &$160,000

Between $0 & $10,000

NoContribution

$110,000 or more

$160,000 or more

$10,000 or more

Roth Individual Retirement Custodial Account Agreement

3. Qualified rollover contribution limit A rollover from an eligible retirement plan other

than a Roth IRA or a designated Roth account

cannot be made to this IRA if, for the year the

amount is distributed from the other plan, (a) the

Depositor is married and files a separate return,

(b) the Depositor is not married and has

modified AGI in excess of $100,000 or (c) the

Depositor is married and the Depositor and the

Depositor's spouse have modified AGI in excess

of $100,000. For purposes of the preceding

sentence, a husband and wife are not treated as

married for a taxable year if they have lived

apart at all times during that taxable year and

file separate returns for the taxable year. For

taxable years beginning after 2009, the income

limits in this paragraph, do not apply to qualified

rollover contributions.

4. RecharacterizationA regular contribution to a non-Roth IRA may be

recharacterized pursuant to the rules in Section

1.408A-5 of the proposed regulations as a

regular contribution to this Roth IRA, subject to

the limits in (b) above.

5. Modified AGIFor purposes of I.2 and I.3 above, an

individual's modified AGI for a taxable year is

defined in Section 408A(c)(3)(C)(I) and does not

include any amount included in adjusted gross

income as a result of a rollover from an eligible

retirement plan other than a Roth IRA (a

"conversion").

6. CompensationFor purposes of (I.1) above, compensation is

defined as wages, salaries, professional fees or

other amounts derived from or received for

personal services actually rendered (including,

but not limited to, commissions paid salesmen,

compensation for services on the basis of a

percentage of profits, commissions on insurance

premiums, tips, and bonuses) and includes

earned income, as defined in Section 401(c)(2)

(reduced by the deduction the self-employed

individual takes for contributions made to a self-

employed retirement plan). For purposes of this

definition, Section 401(c)(2) shall be applied as if

the term trade or business for purposes of

Section 1402 included service described in

subsection (c)(6). Compensation does not

include amounts derived from or received as

earnings or profits from property (including, but

not limited to, interest and dividends) or amounts

not includible in gross income. Compensation

also does not include any amount received as a

pension or annuity or as deferred compensation.

The term "compensation" shall include any

amount includible in the individual's gross

income under Section 71 with respect to a

divorce or separation instrument described in

subparagraph (A) of Section 71(b)(2). In the

case of a married Depositor filing a joint return,

the greater compensation of his or her spouse is

treated as his or her own compensation, but only

to the extent that such spouse's compensation is

not being used for purposes of the spouse

making a contribution to a Roth IRA or a

nondeductible contribution to a non-Roth IRA.

ARTICLE IIINo contributions will be accepted under a

SIMPLE IRA plan established by any employer

pursuant to Section 408(p). Also, no transfer or

rollover of funds attributable to contributions

made by a particular employer under its

SIMPLE IRA plan will be accepted from a

SIMPLE IRA, that is, an IRA used in conjunction

with a SIMPLE IRA plan prior to the expiration of

the 2-year period beginning on the date the

individual first participated in that employer's

SIMPLE IRA plan.

ARTICLE IVThe Participant's interest in the balance in the

Custodial Account is nonforfeitable.

ARTICLE V1. No part of the custodial funds may be

invested in life insurance contracts, nor may

the assets of the Custodial Account be

commingled with other property except in a

common trust fund (within the meaning of

Section 408(a)(5)).

2. No part of the custodial funds may be

invested in collectibles (within the meaning of

Section 408(m)).

ARTICLE VI1. Distribution upon death--at the customer'srequest and direction:The distribution of the Participant's interest in

the account shall be made in accordance with

the requirements of Code Section 408(a)(6), as

modified by section 408A(c)(5), and the

underlying regulations, which provisions are

incorporated by reference.

Upon the death of the Participant, the

assets remaining in the Participant's Roth IRA

become the property of the Particpant's named

beneficiary. The Participant can name one or

more primary beneficiaries and contingent

beneficiaries, including individuals or entities,

such as trusts or the Participant's estate, to

receive any balance remaining in the Roth IRA

at the Participant's death. The contingent

beneficiaries named become beneficiaries of the

Participant's Roth IRA only if no primary

beneficiary survives the Participant, or if all

primary beneficiaries disclaim their interest in

the Account. If there is no designated

beneficiary, or if none of the beneficiaries that

are designated survive the Participant, then the

balance in the Roth IRA will be paid to the

Participant's surviving spouse or, if none, to the

Participant's estate.

Upon the death of the Participant, the

balance in the IRA must be distributed at least

as rapidly as follows:

(a) If the designated beneficiary is someone

other than the Participant's surviving spouse,

the entire interest will be distributed, starting

by December 31 of the year following the

year of the Participant's death. The

distributions would be made over the

remaining life expectancy of the designated

beneficiary. The designated beneficiary's life

expectancy would be determined by using

the age of the beneficiary as of his or her

birthday in the year following the year of the

Participant's death, or, if elected, in

accordance with paragraph (c) below.

(b) If the sole designated beneficiary is the

Participant's surviving spouse, the entire

interest will be distributed, starting by

December 31 of the year following the year

of the Participant's death (or by the end of

the calendar year in which the Participant

would have attained age 70 ½, if later). The

distributions would be made over such

spouse's life, or, if elected, in accordance

with paragraph (c) below. If the surviving

spouse dies before distributions are required

to begin, the remaining interest will be

distributed, starting by December 31 of the

year following the calendar year of that

spouse's death. The distributions would be

made over the spouse's designated

beneficiary's remaining life expectancy. This

would be determined by using the spouse's

designated beneficiary's age as of his or her

birthday in the year following the death of the

Participant's spouse, or, if elected, will be

distributed in accordance with paragraph (c)

below. If the Participant's surviving spouse

dies after distributions are required to begin,

any remaining interest will be distributed

over that spouse's remaining life expectancy

determined using the age as of his or her

birthday in the year of the spouse's death.

(c) If there is no designated beneficiary, or if

applicable by operation of paragraphs (a) or

(b) above, the entire interest will be distributed

by December 31 of the year containing the

fifth anniversary of the Participant's death (or

of the death of the Participant's spouse in the

case of the surviving spouse's death before

distributions are required to begin under

paragraph (b) above.

The amount to be distributed each year

under paragraph (a) or (b) is the amount

obtained by dividing the value of the IRA as

of the end of the preceding year by the

remaining life expectancy specified in such

paragraph. Life expectancy is determined

using the Single Life Table in Q&A-1 of

Section 1.401(a)(9)-9 of the Income Tax

Regulations. If distributions are being made

to a surviving spouse as the sole designated

beneficiary, such spouse's remaining life

expectancy for a year is a number in the

Single Life Table corresponding to such

spouse's age in the year, resulting in

recalculation of the spouse's life expectancy.

In all other cases, remaining life expectancy

2


3

for a year is the number in the Single Life Table

corresponding to the beneficiary's age in the

year specified in paragraphs (a) or (b) and

reduced by one for each subsequent year.

2. No amount is required to be distributed prior

to the death of the Participant for whose

benefit the Custodial Account was originally

established.

3. The “value” of the IRA includes the amount

of any outstanding rollover, transfer and

recharacterization under Q&As-7 and -8 of

Section 1.408-8 of the Income Tax

Regulations.

4. If the sole designated beneficiary is the

individual’s surviving spouse, the spouse

may elect to treat the IRA as his or her own

IRA. This election will be deemed to have

been made if such surviving spouse makes

a contribution to the IRA or fails to take

required distributions as a beneficiary.

ARTICLE VII1. The Participant agrees to provide the

Custodian with information necessary for the

Custodian to prepare any reports required

under Sections 408(i) and 408A(d)(3)(D),

Regulation Sections 1.408-5, 1.408-6, and

any other appropriate sections, and under

guidance published by the Internal Revenue

Service.

2. The Custodian shall furnish annual calendar-

year reports concerning the status of the

Account and such information concerning

required minimum distributions as is

prescribed by the Commissioner of Internal

Revenue.

3. The Participant is responsible for making all

of the investment decisions relating to the

assets in the Account. The Participant will

direct us with regard to the investment and

reinvestment of the IRA contributions and

any investment earnings. The Participant

may change any investment direction at any

time. Upon the death of the Participant, the

Beneficiary is responsible for making

investment decisions for the Account.

The Participant acknowledges and agrees that

we, our agents, or employees do not have

discretionary authority over the Account, and

any investment decision is the sole responsibility

of the Participant. The Participant further

acknowledges and agrees that although we, our

agents, or employees may provide research and

other investment information from time to time

as part of the brokerage services for the

Account, such information does not affect the

Participant's responsibility for controlling the

investment decisions of the Account, nor does it

make us a fiduciary of the Account.

ARTICLE VIIINotwithstanding any other articles which may be

added or incorporated, the provisions of Articles

I through VI and this sentence will be controlling.

Any additional articles that are not consistent

with Section 408A, the related regulations, and

other published guidance will be invalid.

ARTICLE IXThis Agreement will be amended from time to

time to comply with the provisions of the Code,

related regulations, and other published

guidance. Other amendments may be made with

the consent of the persons whose signatures

appear on the application.

ARTICLE X1. Custodian Prudential Trust Company shall serve as the

custodian of the IRA.

2. AmendmentsThis Custodial Agreement is intended to be and

to remain a qualified Roth Individual Retirement

Account within the meaning of Section 408A of

the Code. For the purpose of insuring the

continued compliance of this Agreement with the

requirements of applicable law, or of conforming it

to statutory or regulatory changes in allowable

contribution limits, this Agreement may be

amended from time to time by written instrument

delivered to the Custodian without the consent of

the Participant. The Custodian also may make

such other amendments to this Agreement from

time to time as may be consistent with the

provisions of applicable law, which amendments

shall not be effective until the Custodian and the

Participant have consented thereto. With regard

to an amendment for which consent is required,

no amendment to this Agreement shall vest any

right or interest in the Custodial Account in any

party other than the Participant, his or her spouse

or beneficiaries, and any such amendments may

be effective retroactively, provided that such

amendment shall not deprive the Participant, his

or her spouse or beneficiary of any benefit to

which each may be entitled as a result of

contributions made prior to the amendment.

3. Fiduciary responsibilities(a) The Custodian shall be responsible for the

administration of the Custodial Account, shall

receive all contributions, shall make

distributions and pay benefits from the

Custodial Account, shall file such statements

or reports as may be required in the

administration of the Custodial Account, and

do other things as may be required in the

administration of the Custodial Account. The

Custodian shall maintain separate records for

the interest of each individual. The

Custodian, unless otherwise directed by the

Participant and accepted by the Custodian,

shall not make decisions with respect to the

investment of Custodial Account assets.

Unless otherwise directed, all dividends,

including capital gain dividends, paid on

Fund shares shall be reinvested in full and

fractional shares of the mutual fund paying

the dividend.

(b) The Custodian shall use reasonable care,

skill, prudence and diligence in the

administration and investment of the

Custodial Account and in executing any

written instructions by the Participant, and

shall be entitled to rely on information

submitted by the Participant to the

Custodian.

4. Termination by CustodianThe Custodian may resign as Custodian and

terminate this Agreement at any time upon 30

days' notice to the Participant. If no successor to

the Custodian is designated by the Custodian,

or if such successor is not acceptable to the

Participant, the Participant shall appoint a

qualified successor custodian or trustee. Upon

acceptance by the successor, the Custodian

shall pay, transfer and deliver to the successor

the balance of the Participant's Account after

deducting any fees payable and due. If no

successor has accepted its appointment at the

time the Custodian's resignation is to become

effective, the Custodian reserves the right to

pay, transfer and deliver such amount to the

Participant. The balance of any amount deemed

necessary by the Custodian to be held in

reserve to cover any expense or liability

constituting a charge against the account shall

not be so paid, transferred or distributed until

satisfaction of such charge.

5. Substitution of CustodianThe Custodian will substitute another custodian

or trustee if notified by the Commissioner of

Internal Revenue that such substitution is

required because the Custodian has failed to

comply with the requirements of Section 1.408-

2(e) of the Income Tax Regulations, or are not

keeping records, making returns, or rendering

statement as required by law.

ARTICLE XI1. Arbitration agreement

Please be aware of the following:

(a) Arbitration is final and binding on the

parties.

(b) The parties are waiving their rights to

seek remedies in court, including the

right to

jury trial.

(c) Pre-arbitration discovery is generally

more limited than and different from

court proceedings.

(d) The arbitrators' award is not required

to include factual findings or legal

reasoning, and any party's right to

appeal or to seek modification of

rulings by the arbitrators is strictly

limited.

(e) The panel of arbitrators will typically

include a minority of arbitrators who

were or are affiliated with the

securities industry.


4

The Participant agrees that all

controversies that may arise between us

concerning any transaction relating to this

Agreement or the Participant's Account, to

transactions with or for the Participant's Account,

or any breach of this or any other agreement

between us (whether executed or to be

executed within or outside of the United States),

whether entered into prior, on, or subsequent to

the date indicated on the signature page of the

Prudential IRA Application shall be determined

by arbitration.

Such arbitration may be before either the

New York Stock Exchange, Inc. or the National

Association of Securities Dealers, as the

Participant may elect and shall be governed by

the laws of the State of New York. If the

Participant does not make such election by

registered mail addressed to Prudential, at

Prudential's main office within five (5) days after

demand by us that the Participant make such

election, then Prudential may make such

election. Any notice in connection with such

arbitration proceeding may be sent to the

Participant by mail, and the Participant hereby

waives personal service. Judgment upon any

award rendered by the arbitrators may be

entered in any court having jurisdiction, without

notice to the Participant.

No person shall bring a putative or certified

class action to arbitration, nor seek to enforce

any pre-dispute arbitration agreement against

any person who has initiated in court a putative

class action; or who is a member of a putative

class who has not opted out of the class with

respect to any claims encompassed by the

putative class action until: (i) the class

certification is denied; (ii) the class is decertified;

or (iii) the customer is excluded from the class

by the court. Such forbearance to enforce an

agreement to arbitrate shall not constitute a

waiver of any rights under this Agreement

except to the extent stated herein.

In witness whereof, the Participant hassigned the IRA Application for this RothIndividual Retirement Custodial Account toevidence their acceptance on the date and yearwritten on the IRA Application, which is madepart of this Agreement.


5

Individual Retirement Custodial Account Agreement

ARTICLE I—DEFINITIONS1. ApplicationThe application by which this Agreement, as it

may be amended from time to time, is accepted

by the Participant. The signed Application, and

the statements contained therein, are an integral

part of this Agreement.

2. BeneficiaryThe person or persons designated as such in

the Application or as indicated in the latest

subsequent written beneficiary designation

received by the Custodian from the Participant.

3. CodeThe Internal Revenue Code of 1986, as

amended from time to time.

4. CompensationWages, salaries, professional fees or other

amounts derived from or received for personal

service actually rendered (including, but not

limited to, commissions paid to salesmen,

compensation for services on the basis of a

percentage of profits, commissions on insurance

premiums, tips and bonuses) and includes

earned income as defined in Section 401(c)(2)

(reduced by the deduction the self-employed

individual takes for contributions made to a self-

employed retirement plan). For purposes of this

definition, Section 401(c)(2) shall be applied as

if the term trade or business for purposes of

Section 1402 included service described in

subsection (c)(6). Compensation does not

include amounts derived from or received as

earnings or profits from property (including, but

not limited to, interest and dividends) or amounts

not includible in gross income. Compensation

also does not include any amount received as a

pension or annuity or as deferred compensation.

The term "compensation" shall include any

amount includible in the individual's gross

income under Section 71 with respect to a

divorce or separation instrument described in

subparagraph (A) of Section 71(b)(2).

5. CustodianThe Custodian will be Prudential Trust

Company. Actions by or for the Custodian shall

also be deemed to include actions by or for the

Custodian's designee (herein Prudential Mutual

Fund Services, LLC, also referred to as PMFS).

6. Custodial AccountThe Individual Retirement Custodial Account

established under this Agreement. The account

is established for the exclusive benefit of the

individual or his or her beneficiaries. The interest

of an individual in the balance in his or her

account is nonforfeitable at all times.

7. Depositor Individual who makes contributions to this or

other Individual Retirement Accounts on his or

her own behalf.

8. DisabilityThe inability of an individual to engage in any

substantial gainful activity by reason of any

medically determined physical or mental

impairment, which can be expected to result in

death or to be of long, continued, and indefinite

duration. An individual shall not be considered to

be permanently and totally disabled unless he or

she furnishes proof of the existence thereof in

such form and manner, and at such times as the

Internal Revenue Service (IRS)

may require.

9. Fund SharesMutual Fund Shares which are offered through

Prudential Mutual Fund Services LLC (PMFS)

for investment of Custodial Account assets.

10. ParticipantEach individual who has signed the Application

accompanying this Agreement and on whose

behalf contributions are made. This Agreement

governs the Participant's Prudential Mutual Fund

Individual Retirement Account ("IRA"), and is

made between the Participant and the

Custodian to establish an individual retirement

custodial account under Section 408(a) of the

Code for the exclusive benefit of the Participant

and his or her beneficiaries.

ARTICLE II-CONTRIBUTIONS1. ContributionsThe general rule is that each year, regular

contributions to a Depositor's traditional IRA are

the smaller of the maximum contribution amount

allowed by law or 100% of compensation.

(a) Except in the case of a rollover contribution

(as permitted by Sections 402(c), 403(a)(4),

403(b)(8), or 408(d)(3)) or a contribution

made in accordance with the terms of a

Simplified Employee Pension (SEP) as

described in Section 408(k), no contributions

will be accepted unless they are in the form

of a check or other instrument acceptable by

the Custodian. The total of such contributions

shall not exceed:

$3,000 for any taxable year beginning

in 2002 through 2004;


in 2005 through 2007; and


in 2008 and years thereafter.

After 2008, the limit will be adjusted by the

Secretary of the Treasury for cost-of-living

increases under Code section 219(b)(5)(C).

Such adjustments will be in multiples of $500.

(b) In the case of an individual who is 50 or

older, the annual cash contribution limit is

increased by:

$500 for any taxable year beginning in

2002 through 2005; and $1,000 for

any taxable year beginning in 2006

and years thereafter.

(c) No contributions will be accepted under a

SIMPLE IRA plan established by any

employer pursuant to Section 408(p). Also, no

transfer or rollover of funds attributable to

contributions made by a particular employer

under its SIMPLE IRA plan will be accepted

from a SIMPLE IRA, that is, an IRA used in

conjunction with a SIMPLE IRA plan, prior to

the expiration of the two-year period beginning

on the date the individual first participated in

that employer's SIMPLE IRA plan.

It is the responsibility of the Depositor to

determine whether any excess contribution has

been made, the amount of the excess, the

amount of any income earned on the excess

contribution, and for the timely withdrawal or

recharacterization of the appropriate amounts.

2. TransfersAssets held on behalf of the Participant in

another IRA may be transferred to the Custodian

in a form or manner acceptable to the

Custodian, to be held in the Custodial Account

for the Participant under this Agreement. Assets

held on behalf of the Participant in the Custodial

Account may be transferred directly to a trustee

or custodian of another IRA established for the

Participant, if so directed by the Participant and

the other custodian or trustee, and in a form or

manner acceptable to the Custodian. In

accepting or making any such direct transfer of

assets, the Custodian assumes no responsibility

for the tax consequences of the transfer.

If the Participant directs us to transfer or

rollover assets to a trustee or custodian of

another IRA established for the Participant and

the Participant has established a systematic

withdrawal for his or her minimum distribution (as

described in Article VI, Section 2 below), and the

minimum distribution has not been satisfied for

that year, a check for amount necessary to satisfy

the minimum distribution will be mailed directly to

the Participant. The remainder of the assets will

be sent to the new trustee or custodian.

ARTICLE III—INVESTMENTS1. Application of Contributions

Each contribution to the Custodial Account

shall be applied by the Custodian to the

purchase of Fund shares as directed by the

Participant. The Custodian shall be under no

duty to question any investment direction of the

Participant or to review the appropriateness or

quality of the investments.

No part of the Custodial Account will be

invested in life insurance contracts, and the

assets in the Custodial Account will not be

commingled with other property, except in a

common trust fund or common investment fund.

All dividends, including capital gain

distributions, paid on Fund shares shall be

reinvested in full and fractional shares of the

mutual fund paying the distribution in the

manner specified in the prospectus of the

mutual fund, and such distributions shall be

credited to the Participant's Custodial Account.

6

The Participant may direct the Custodian to

redeem any or all Fund shares held in the

Participant's Custodial Account and to invest the

proceeds in any other Fund shares to be held in

the Custodial Account subject, however, to the

applicable terms and conditions of the prospectus

for each mutual fund involved. All Fund shares

acquired by the Custodian shall be registered in

the name of the Custodian or its nominee.

After the Participant's death, the

Participant's Beneficiary shall be considered the

Participant for purposes of Custodial Account

investment matters.

2. Investment AdvisersRegardless of any other provision of this

Agreement to the contrary, the Participant may

also appoint an investment adviser or other

person to act as the Participant's representative

with authority to direct the Custodian with respect

to the investment of assets in the Custodial

Account. The appointment, however, will be

effective only if (a) the Custodian has received a

signed copy of an agreement between the

Participant and the representative in a form

acceptable to the Custodian, which specifies the

authority of the representative to act on behalf of

the Participant, and (b) the Custodian does not

object to acting on the directions of that person,

which objection the Custodian may assert for any

reason at any time. If the Participant appoints a

representative, as provided for above, references

to the "Participant" are also to that

representative. However, all references in this

Agreement to the individual whose Custodial

Account is involved and to the making of

contributions and the receipt of distributions are

only to the Participant.

ARTICLE IV—ADMINISTRATION1. Record Keeping and ReportingSeparate records shall be maintained for the

interest of each individual Participant. The

Custodian shall maintain records of receipts,

investments, disbursements, distributions, and

other transactions with respect to the

Participant's Custodial Account. The Custodian

shall forward to the Participant confirmations of

each purchase and sale within the Custodial

Account as soon as practicable after each such

transaction. The Custodian shall provide the

Participant with all tax forms or other

information, which it may be required by law to

provide, including such information regarding

required minimum distributions as is prescribed

by the Commissioner of Internal Revenue.

The Custodian shall provide an annual report

setting forth total contributions to and distributions

from the Custodial Account during the calendar

year involved, and the calendar year-end values

of assets then held in the account, within 120 days

after the close of the year.

In the absence of the filing of objections or

exceptions to the report with the Custodian in

writing by the Participant within 60 days after the

making of such report, the Participant shall be

deemed to have approved such report, and the

Custodian shall be discharged, released, and

relieved from all liability to anyone, including any

beneficiary, with respect to any matters contained

in the report, as though such account had been

settled by a court of competent jurisdiction.

2. AccountingNo person other than the Participant or his or

her legal representative may require an

accounting of the Participant's Custodial Account

or bring any action against the Custodian with

respect to his Custodial Account. The Custodian

shall have the right to apply to a court of

competent jurisdiction for judicial settlement of

its accounts should any dispute arise.

ARTICLE V—FEES AND EXPENSES1. Custodial FeesThe Participant's Custodial Account shall be

charged by the Custodian for its services

hereunder in accordance with the current fee

schedule of the Custodian as it may be in effect

from time to time or as it may be amended by

the Custodian. Any administrative expenses,

including fees for legal and/or accounting

services incurred by the Custodian at the

request of or necessitated by the actions of a

Participant or Beneficiary, that are over and

above the services set forth in the Custodian's

fee schedule shall be paid by the Participant and

the Participant hereby covenants and agrees to

pay the same. Fees or other administrative

expenses not paid by the Participant directly to

the Custodian when due may be charged to the

Custodial Account. The Custodian reserves the

right to liquidate any assets of the Custodial

Account to collect any charge for which payment

may at any time be past due.

2. TaxesAny income, transfer or other taxes of any kind

whatsoever that may be levied or assessed

upon any Custodial Account or that the

Custodian may otherwise be charged with the

responsibility of collecting shall be paid from the

assets of the Custodial Account involved.

3. Fees Relating to Fund SharesFund shares carry their own fees and expenses,

which may include management fees, Rule 12b-

1 fees and/or other fees and expenses, which

are described in detail in each Fund's

prospectus. Individuals who invest in Fund

shares will, as shareholders of those Funds,

bear their pro-rata portion of each Fund's fees

and expenses.

ARTICLE VI—DISTRIBUTIONS1. Methods of DistributionA Participant may withdraw all or part of his or

her Custodial Account balance at any time upon

prior written notice acceptable to the Custodian

in either of the following ways:

In a single payment;

In periodic monthly, quarterly,

semiannual or annual installments; or

Any combination thereof.

Any payment must be taken in cash through

check or electronic funds transfer..

2. Distributions Before DeathThe entire balance of the Custodial Account of

the individual for whose benefit the account is

maintained is required to be distributed, or

commence to be distributed, no later than the

first day of April following the calendar year in

which such individual attains age 70½ (required

beginning date). The minimum amount that

must be withdrawn is equal to the balance in the

Participant's IRA as of December 31 of the prior

year divided by the factor for the Participant's life

expectancy (from a table which assumes a

designated beneficiary is 10 years younger than

the Participant). Calculations must use tables

published by the IRS (found in Q&A-2 of Section

1.401(a)(9)-9 of the Income Tax Regulations,

using the Participant's age as of his or her

birthday in the year) to find the applicable life

expectancy divisor. However, if the sole

designated beneficiary is the Participant's

surviving spouse and such spouse is more than

10 years younger than the Participant, then the

distribution period is determined under the Joint

and Last Survivor Table in Q&A-3 of Section

1.401(a)(9)-9, using the Participant's and the

spouse's birthdays in the year. However, if the

first required distribution is delayed until the year

after the Participant reaches age 70½, then the

first and second required distributions must both

be taken in that year, and the IRA balance used

to determine the amount of both the first and

second required distributions must be adjusted.

The amount of the first required distribution is

determined by using the IRA balance as of

December 31 of the year prior to the year the

Participant attained age 70½, not the year prior

to the year in which the Participant is taking the

distribution. A special calculation must be used

to determine the amount of the second required

distribution that must take by December 31 of

that same year. This calculation reduces the

account balance as of December 31 of the first

distribution year by the amount of the first

required distribution that was delayed until as

late as April 1 of the following year.

The Participant is responsible for

determining his or her minimum distribution

amount and for notifying the Custodian, or the

Custodian's designee, as to when the

distribution is to be made each year. If the

Participant fails to take a distribution that

satisfies the minimum distribution requirements,

we will assume that the Participant has elected

to satisfy minimum distribution requirements

from another source.

The Participant may withdraw more in any

year than the minimum amount required for that

year, but there is no credit for the additional

amount withdrawn in determining the required

minimum distribution for future years. However,

any amount distributed in the year the Participant

reaches age 70½ will be credited toward the

amount required to be distributed by April 1 of

the following year.


7

If the designated IRA beneficiary is not the

Participant's spouse or no IRA beneficiary has

been designated, use the "Minimum Distribution

Incidental Benefit" (MDIB) table found in Q&A-2

of Section 1.401(a)(9)-9 of the Income Tax

Regulations to determine joint life expectancy.

This table assumes that the designated

beneficiary is 10 years younger than the

Participant and recalculates life expectancy

annually. If the designated beneficiary is the

Participant's spouse who is more than 10 years

younger than the Participant, then tables located

in Q&A-3 of Section 1.401(a)(9)-9 for the joint

life expectancy of the Participant's spouse may

be used.

Required minimum distributions must be

calculated separately for each IRA owned by the

Depositor (excluding Roth IRAs). However, the

minimum distribution requirement for this

Prudential IRA may be satisfied by taking a

larger distribution from one or more of any other

IRAs owned by the Depositor (but not from a

Roth IRA).

3. Distributions Upon DeathUpon the death of the Participant the assets

remaining in the Participant's IRA become the

property of the named beneficiary. The

Participant can name one or more primary

beneficiaries and contingent beneficiaries,

including individuals or entities, such as trusts or

the Participant's estate, to receive any balance

remaining in the IRA upon the death of the

Participant. The contingent beneficiaries named

become beneficiaries of the IRA only if no

primary beneficiary survives the Participant, or if

all primary beneficiaries disclaim their interest in

the Account. If no beneficiary has been

designated, or if none of the beneficiaries that

were designated survive the Participant, then

the balance in the IRA will be paid to the

Participant's surviving spouse or, if none, to the


The named beneficiary of the IRA may

designate his or her own beneficiary to continue

receiving payments from the IRA after the

named beneficiary's death, if such designation is

permitted by the estate and trust laws of the

named beneficiary's state of residence. After the

named beneficiary's death, the distribution

election in effect at the time of his or her death

must remain in effect.

(a) Distributions Beginning Before Death. If the

individual dies after distribution of his or her

interest has begun, the remaining portion

of such interest will continue to be distributed

at least as rapidly as follows:

(1) If the designated beneficiary is

someone other than the Participant's

spouse, the remaining interest will be

distributed over the remaining life

expectancy of the designated

beneficiary, with such life expectancy

determined using the beneficiary's age

as of his or her birthday in the year

following the year of the Participant's

death, or over the period described in

paragraph (3) below if longer.

(2) If the sole designated beneficiary is

the Participant's surviving spouse, the

remaining interest will be distributed

over such spouse's life or over the

period described in paragraph (3) if

longer. Any interest remaining after

such spouse's death will be distributed

over such spouse's remaining life

expectancy determined using the

spouse's age as of his or her birthday

in the year of the spouse's death, or if

the distributions are being made over

the period described in paragraph (3)

below, over such period.

(3) If there is no designated beneficiary, or

if applicable by operation of

paragraphs (1) or (2) above, the

remaining interest will be distributed

over the Participant's remaining life

expectancy determined in the year of

the Participant's death.

(4) The amount to be distributed each

year under (1), (2) or (3) above,

beginning with the calendar year

following the calendar year of the

Participant's death is the amount

obtained by dividing the value of the

IRA as of the end of the preceding

year by the remaining life expectancy

specified in such paragraph. Life

expectancy is determined using the

Single Life Table in Q&A-1 of Section

1.401(a)(9)-9 of the Income Tax

Regulations.

(5) If distributions are being made to a

surviving spouse as the sole designated

beneficiary, such spouse's remaining life

expectancy for a year is the number in

the Single Life Table corresponding to

such spouse's age in the year, resulting

in recalculation of life expectancy. In all

other cases, remaining life expectancy

for a year is the number in the Single

Life Table corresponding to the

beneficiary's or the Participant's age in

the year specified in paragraphs (1), (2)

or (3) and reduced by 1 for each

subsequent year.

(b) Distributions Beginning After Death. If the

individual dies before distribution of his or

her interest begins, distribution of the

individual's entire interest shall be at least as

rapidly as follows:

(1) If the designated beneficiary is

someone other than the Participant's

surviving spouse, the entire interest

will be distributed, starting by

December 31 of the year following the

year of the Participant's death, over

the remaining life expectancy of the

designated beneficiary, with such life

expectancy determined using the age

of the beneficiary as of his or her

birthday in the year following the year

of the Participant's death, or, if

elected, in accordance with paragraph

(3) below.

(2) If the sole designated beneficiary is

the Participant's surviving spouse, the

entire interest will be distributed,

starting by December 31 of the year

following the year of death of the

Participant (or by the end of the

calendar year in which the Participant

would have attained age 70 ½, if

later), over such spouse's life, or, if

elected, in accordance with paragraph

(3) below. If the surviving spouse dies

before distributions are required to

begin, the remaining interest will be

distributed, starting by December 31

of the year following the calendar year

of the surviving spouse's death, over

the spouse's designated beneficiary's

remaining life expectancy determined

using such beneficiary's age as of his

or her birthday in the year following

the death of the surviving spouse, or,

if elected, will be distributed in

accordance with paragraph (3) below.

If the Participant's surviving spouse

dies after distributions are required to

begin, any remaining interest will be

distributed over his or her remaining

life expectancy determined using the

surviving spouse's age as of his or her

birthday in the year of the surviving

spouse's death.

(3) If there is no designated beneficiary,

or if applicable by operation of

paragraphs (1) or (2) above, the entire

interest will be distributed by

December 31 of the year containing

the fifth anniversary of the death of the

Participant (or of the Participant's

spouse's death in the case of the

surviving spouse's death before

distributions are required to begin

under paragraph (2) above.

(4) The amount to be distributed each

year under paragraph (1) or (2) is the

amount obtained by dividing the value

of the IRA as of the end of the

preceding year by the remaining life

expectancy specified in such

paragraph. Life expectancy is

determined using the Single Life Table

in Q&A-1 of Section 1.401(a)(9)-9 of

the Income Tax Regulations. If

distributions are being made to a

surviving spouse as the sole

designated beneficiary, such spouse's

remaining life expectancy for a year is

a number in the Single Life Table

corresponding to such spouse's age in

the year, resulting in recalculation of

the spouse's life expectancy. In all

other cases, remaining life expectancy

for a year is the number in the Single

Life Table corresponding to the

beneficiary's age in the year specified

in paragraphs (1) or (2) and reduced

by one for each subsequent year.


(c) Distributions under this section are

considered to have begun if the distributions

are made on account of the individual

reaching his or her required beginning date. If

the individual receives distributions prior to

the required beginning date and the individual

dies, distributions will not be considered to

have begun.

(d) The “value” of the IRA includes the amount

of any outstanding rollover, transfer and

recharacterization under Q&As-7 and -8 of

Section 1.408-8 of the Income Tax

Regulations.

(e) If the sole designated beneficiary is the

individual’s surviving spouse, the spouse

may elect to treat the IRA as his or her own

IRA. This election will be deemed to have

been made if such surviving spouse makes a

contribution to the IRA or fails to take

required distributions as a beneficiary.

4. BeneficiariesIf there is no beneficiary designation on file with

the Custodian, or if the designated beneficiary

has not survived the Participant, the Custodian

shall distribute the entire account balance to the

Participant's surviving spouse or, if none, the


5. Other Distribution ProvisionIf a distribution is payable from a Custodial

Account to a person with a legal disability or to a

minor, the Custodian may pay the amount

involved to the legal guardian of the individual or,

if none, to an individual who is permitted to

receive such a payment by the laws of the state

in which the disabled individual or minor lives.

Such payment shall fully discharge the Custodian

from further liability on account thereof.

6. LiabilityThe Custodian shall not be responsible for the

purpose, sufficiency or appropriateness of any

distribution. The Custodian is only authorized to

make distributions in accordance with written

instructions of the Participant or, after his or her

death, the Participant's beneficiary or as

otherwise provided for in this Agreement.

ARTICLE VII—POWERS ANDRESPONSIBILITIES OF CUSTODIAN1. In GeneralThe Custodian acts only as a passive Custodian

and shall have only such powers and

responsibilities with respect to the Custodial

Account as are set forth in this Agreement.

2. Written InstructionsAny written instructions required in this

Agreement must be in a form acceptable to the

Custodian. The Custodian shall be fully

protected in acting upon any written instruction

from the Participant or any other notice, request,

consent, certificate or other instrument or paper

believed by it to be genuine or properly

executed, or to take or omit any action, so long

as the Custodian acts in good faith.

3. Investment InstructionsInvestment instructions of the Participant shall

be accepted by the Custodian in accordance

with its established procedures.

4. RecordsThe Custodian shall keep accurate records of all

receipts, investments, distributions,

disbursements, and other transactions with

respect to the Custodial Account.

5. Proxies and Voting of SharesThe Custodian shall deliver or cause to be

delivered to the Participant all notices,

prospectuses, financial statements, proxies, and

proxy solicitations relating to Fund shares held

in the Participant's Custodial Account. Fund

shares held in the Participant's Custodial

Account shall be voted by, or in accordance

with, the instructions of that Participant.

6. AppointmentsThe Custodian may appoint agents, including

PMFS and persons in its employ, to perform its

ministerial acts hereunder, including, but not

limited to, the acceptance and investment of

contributions to the Custodial Account,

acceptance of transfers from other custodians,

maintenance of account records and beneficiary

designations, and collection and remittance of the

Custodian's fees and payment of distributions.

7. IndemnificationAny provision of this Agreement to the contrary

notwithstanding, the Participant shall duly

indemnify and hold harmless the Custodian, its

successors and assigns from any and all liability

which may arise with respect to the Custodial

Account, except liability arising from the gross

negligence or willful misconduct of the Custodian.

ARTICLE VIII—AMENDMENT ANDTERMINATION OF AGREEMENT1. AmendmentThe Participant hereby delegates to the

Custodian the power to amend this Agreement,

in whole or in part, to meet the requirements of

Section 408 of the Code or for any other

purpose. The Participant shall receive a copy of

any such amendment. This Agreement may not

be amended to cause any part of the Custodial

Account or any benefit to be derived therefrom

to be diverted for any purpose other than the

exclusive benefit of the Participant or his

beneficiary unless such amendment is

necessary to comply with the applicable law. No

amendment shall be made that is contrary to

Section 408 of the Code.

2. Termination by ParticipantA Participant may terminate his or her Custodial

Account at any time. The Custodian shall

distribute or transfer the account balance in

accordance with the Participant's written

instructions and in accordance with this

Agreement. The Custodian may reserve such

amount, in cash or in kind, as it may deem

necessary to cover its fees or any other expense

or liability constituting a charge against the

Account. The balance of any such reserve shall

be paid, distributed or transferred upon

satisfaction of any such charge. The Custodian

shall have no duty to ascertain whether any

payment, distribution or transfer as directed by

the Participant is proper under the provisions of

the Code, this Agreement or otherwise.

3. Termination by CustodianThe Custodian may resign as Custodian and

terminate this Agreement at any time upon 30

days' notice to the Participant. If no successor to

the Custodian is designated by the Custodian,

or if such successor is not acceptable to the

Participant, the Participant shall appoint a

qualified successor custodian or trustee. Upon

acceptance by the successor, the Custodian

shall pay, transfer and deliver to the successor

the balance of the Participant's Account after

deducting any fees payable and due. If no

successor has accepted its appointment at the

time the Custodian's resignation is to become

effective, the Custodian reserves the right to

pay, transfer and deliver such amount to the

Participant. The balance of any amount deemed

necessary by the Custodian to be held in

reserve to cover any expense or liability

constituting a charge against the Account shall

not be so paid, transferred or distributed until

satisfaction of such charge.

4. Substitution of CustodianThe Custodian shall substitute another trustee or

custodian in place of the Custodian if the

Custodian receives notice from the

Commissioner of Internal Revenue that such

substitution is required because it has failed to

comply with the requirements of Section 1.408-

2(e) of the Income Tax Regulations.

ARTICLE IX—MISCELLANEOUS1. Alienation and AssignmentThe Participant's Custodial Account balance and

any benefit with respect thereto shall not be

subject to alienation, assignment, garnishment,

attachment, execution or levy of any kind except

as may be required by law.

2. Community PropertyThe terms and conditions of this Agreement

shall be applicable without regard to the

community property laws of any state.

3. Applicable LawThe provisions of this Agreement shall be

interpreted under the laws of the State of New

York.

4. TerminologyMasculine pronouns, whenever used herein,

shall be deemed to include the feminine and

whenever the context of this Agreement so

indicates, the singular shall so read as the plural

and vice versa.14

8


5. ArbitrationPlease be aware of the following:

(a) Arbitration is final and binding on the

parties.

(b) The parties are waiving their rights to

seek remedies in court including the

right to jury trial.

(c) Pre-arbitration discovery is generally

more limited than and different from

court proceedings.

(d) The arbitrators' award is not required

to include factual findings or legal

reasoning and any party's right to

appeal or to seek modification of

rulings by the arbitrators is strictly

limited.

(e) The panel of arbitrators will typically

include a minority of arbitrators who

were or are affiliated with the

securities industry.

The Participant agrees that all

controversies that may arise between us

concerning any transaction relating to this

Agreement or the Participant's Account, to

transactions with or for the Participant's Account,

or any breach of this or any other agreement

between us (whether executed or to be

executed within or outside of the United States),

whether entered into prior, on, or subsequent to

the date indicated on the signature page of the

Prudential IRA Application shall be determined

by arbitration.

Such arbitration may be before either the

New York Stock Exchange, Inc. or the National

Association of Securities Dealers, as the

Participant may elect and shall be governed by

the laws of the State of New York. If the

Participant does not make such election by

registered mail addressed to Prudential, at

Prudential's main office within five (5) days after

demand by us that the Participant make such

election, then Prudential may make such

election. Any notice in connection with such

arbitration proceeding may be sent to the

Participant by mail, and the Participant hereby

waives personal service. Judgment upon any

award rendered by the arbitrators may be

entered in any court having jurisdiction, without

notice to the Participant.

No person shall bring a putative or certified

class action to arbitration, nor seek to enforce

any pre-dispute arbitration agreement against

any person who has initiated in court a putative

class action; or who is a member of a putative

class who has not opted out of the class with

respect to any claims encompassed by the

putative class action until: (i) the class

certification is denied; (ii) the class is decertified;

or (iii) the customer is excluded from the class by

the court. Such forbearance to enforce an

agreement to arbitrate shall not constitute a

waiver of any rights under this Agreement except

to the extent stated herein.

9


10

Individual Retirement Account Disclosure Statement

GENERAL

The following information is being provided in

accordance with the requirements of the Internal

Revenue Service (IRS) and should be read

together with the Prudential Mutual Fund

Individual Retirement Custodial Account

Agreement ("IRA") or the Roth Individual

Retirement Custodial Account Agreement ("Roth

IRA"), whichever is applicable. You should

consult your tax adviser for guidance on tax

matters involving your account. The state and

local income tax treatment of your IRA may differ.

Right of RevocationYou have the right to revoke your IRA or Roth

IRA and have the entire amount of your

contribution returned to you by notifying

Prudential Mutual Fund Services LLC (PMFS) in

writing within seven days of the date of

establishment. Your contribution will be refunded

without adjustment for such items as sales

commissions, administrative expenses or

fluctuations in market value. If you should

decide to revoke, your notice of revocation must

be delivered or mailed to:

Prudential Mutual Fund Services LLC

PO Box 9658


A mailed notice will be deemed given on the

date that it is postmarked or, if sent by certified

or registered mail, on the date of certification or

registration. For additional information on the

circumstances under which you may revoke your

account and the procedure therefore, you may

call PMFS at (800) 225-1852.

As with most other laws that provide

favorable tax treatment, there are certain

restrictions and limitations connected with IRAs.

SETTING UP AN IRAYou can set up an IRA if you have taxable

compensation during the year and have not

reached age 70½ by the end of the year.

Compensation includes wages, salaries, tips,

commissions, fees, bonuses, and taxable

alimony and separate maintenance payments.

You can have an IRA whether or not you

are an active participant in (covered by) any

other retirement plan. However, you may not be

able to deduct all of your contributions if you or

your spouse is covered by an employer

retirement plan.

You may be eligible to set up and

contribute to an IRA for your spouse, whether or

not he or she received compensation. This is

called a spousal IRA and is generally set up for

a nonworking spouse. To contribute to a

spousal IRA:

You must be married at the end of the

tax year.

Your spouse must be under age 70½ at

the end of the tax year.

You must file a joint return for the tax

year.

You must have taxable compensation

for the year.

You cannot set up one IRA that you and

your spouse own jointly. You and your spouse

must use separate IRAs. You cannot roll over

assets from your account to your spouse's

account. However, each spouse may be named

as beneficiary and receive the other spouse's

IRA when that spouse dies.

The most that you can contribute for any

year to your IRA is the smaller of the following

amounts:

Your compensation that you must

include in income for the year, or

The maximum contribution amount

allowed by law. For individuals under

age 50, the maximum contribution

amount allowed by law for 2008 is

$5,000. Individuals age 50 or over may

make additional catch-up contributions

of $1,000. The Disclosure Statement

describes the maximum contribution

amount allowed by law for 2008 and

future years.

After 2008, the limit will be adjusted by the

Secretary of the Treasury for cost of-living

increases under Code section 219(b)(5)(D).

Such adjustments will be in multiples of $500.

If you were a participant in a Section 401(k)

plan of a certain employer in bankruptcy

described in Code Section 219(b)(5)(C), then

the applicable maximum contribution amount

described above is increased by $3,000 for

taxable years beginning after 2006 and before

2010 only. If you make an increased contribution

under this paragraph you cannot also take

advantage of the over age 50 catch-up

contribution described above.

This is the most you can contribute

regardless of whether your contributions are to

one or more IRAs or whether all or part of your

contributions are non-deductible.

However, notwithstanding the dollar limits

on contributions, an individual may make a

repayment of a qualified reservist distribution

described in Section 72(t)(2)(G) during the 2-

year period beginning on the day after the end

of the active duty period or by August 17, 2008,

if later.

The total combined contributions you can

make each year to your IRA and spousal IRA

(discussed earlier) are the smaller of:

Twice the maximum contribution

amount allowed by law, or

Your taxable compensation for the year.

You can divide your IRA contributions

between your IRA and the spousal IRA in any

way you choose, as long as you do not

contribute more than the maximum contribution

amount allowed by law to either IRA.

SETTING UP A ROTH IRAYou can establish a Roth IRA if you meet

certain income limits discussed below. You can

contribute up to the maximum contribution

amount allowed by law annually if you are

single, and twice that amount if

you are married filing jointly (but no more than

the maximum contribution amount allowed by

law to each Roth IRA). Your contributions to a

Roth IRA are not tax deductible, but your

distributions, including earnings on your

contributions, may be tax and penalty free if they

meet certain requirements.

A distribution from a Roth IRA is income tax

free and not subject to the 10% penalty on

premature withdrawals if made at least five

years after you first contribute to your Roth IRA

and made:

Upon death;

After age 59½;

Due to your disability; or

To help purchase your first home or the

first home of your spouse, children,

grandchildren or ancestors (up to

$10,000 during your lifetime).

The amount you can contribute to a Roth

IRA may be limited depending on your income

level. Your maximum contribution is gradually

phased out if you are single and have an

Adjusted Gross Income (AGI) between $95,000

and $110,000, or if you are married filing jointly

and have an AGI between $150,000 and

$160,000. You cannot make any contribution to

a Roth IRA if you are single and your AGI is

$110,000 or more, or if you are married filing

jointly and your AGI is $160,000 or more. After

2006, the dollar amounts above will be adjusted

for cost-of-living increases under Section

408(A)(c)(3). Such adjustments will be in

multiples of $1,000.

You may roll over or convert assets from an

IRA to a Roth IRA if your AGI is $100,000 or

less and you file a single or joint tax return. If

you are married and file separate returns, you

may not roll over IRA assets to a Roth IRA.

Although amounts rolled over from an IRA to a

Roth IRA are not subject to the 10% early

withdrawal tax, they are subject to income tax at

the time of the rollover. For taxable years

beginning after 2009, the income limits in this

paragraph, do not apply to conversions to a

Roth IRA.

The maximum amount that you can

contribute each year to both a Roth IRA and a

traditional IRA (assuming you have established

both types of IRAs) is capped at the lesser of

your earned income or the maximum

contribution amount allowed by law for an

individual and twice that amount for a married

couple filing jointly (the maximum contribution

amount allowed by law each).

WHEN TO CONTRIBUTEYou can make contributions for a year at any time

during the year or by the due date for filing your

return for that year, not including extensions. For

most people, this means that contributions must

be made by April 15.

If you contribute between January 1 and

April 15, you must tell the Custodian or the

Custodian's designee (herein, PMFS) which

year the contribution is for. If you do not specify

which year it is for, the Custodian or the

Custodian's designee must assume, for

reporting to the IRS, that the contribution is for

the year the Custodian or the Custodian's

designee received it.

DEDUCTING CONTRIBUTIONS TO YOUR IRAGenerally, you can take a deduction for the

contributions that you are allowed to make to

your IRA. However, if you or your spouse is

covered by an employer retirement plan at any

time during the year, the allowable IRA

deduction may be less than your allowable

contributions. Your allowable deduction may be

reduced or eliminated, depending on the amount

of your income and your filing status.

The Form W-2, Wage and Tax Statement,

you receive from your employer includes a box

to indicate whether or not you are covered for

the year. The form should have a mark in the

"Pension Plan" box if you are covered.

If you are not certain whether you are

covered by your employer's retirement plan, you

should ask your employer.

Although your deduction for IRA contributions

may be reduced or eliminated because of the AGI

limitation, you can still make contributions to your

IRA of up to the maximum contribution amount

allowed by law (twice that amount for a regular

and a spousal IRA combined) or 100% of

compensation, whichever is less. The difference

between your total permitted contributions and

your total deductible contributions, if any, is your

nondeductible contribution.

As long as your contributions are within the

contribution limits just discussed, none of the

earnings on any contributions (deductible or

nondeductible) will be taxed until they are

distributed.

REPORTING CONTRIBUTIONS TO YOUR IRAYou do not have to itemize deductions to

claim your deduction for IRA contributions.

Deductions are claimed on Form 1040 or

1040A. Form 1040EZ does not provide for IRA

deductions.

By May 31 (or next business day if May 31

is a weekend or holiday) we will mail you Form

5498, or a similar statement from plan sponsors,

showing all the contributions made to your IRA

for the prior year.

You must report nondeductible

contributions, but you do not have to designate

a contribution as nondeductible until you file

your tax return. When you file, you can even

designate otherwise deductible contributions as

nondeductible.

To designate contributions asnondeductible, you must file Form 8606,

Nondeductible IRAs. You must file Form 8606 to

report nondeductible contributions even if you do

not have to file a tax return for the year.17

File Form 8606 if:You made nondeductible contributions

to your IRA for the year, or

You received IRA distributions in the

year and you have at any time made

nondeductible contributions to any of

your IRAs.

If you do not report nondeductible

contributions, all of your IRA contributions will be

treated as deductible. Thus, when you make

withdrawals from your IRA, the amounts you

withdraw will be taxed unless you can show,

with satisfactory evidence, that nondeductible

contributions were made.

If you overstate the amount of your

nondeductible contributions on your Form 8606

for any tax year, you must pay a penalty of $100

for each overstatement, unless it was due to

reasonable cause.

You will have to pay a $50 penalty if you do

not file a required Form 8606, unless you can prove

that the failure was due to reasonable cause.

EXCESS CONTRIBUTIONS TO YOUR IRAGenerally, an excess contribution is the amount

contributed to your IRA(s) that is more than the

smaller of the following amounts:

Your taxable compensation for the year,

or

The maximum contribution amount

allowed by law.

The taxable compensation limit applies

whether your contributions are deductible or

nondeductible.

Contributions to an IRA for the year you

reach age 70½ and any later year are also

excess contributions.

An excess contribution could be the result

of your contribution, your spouse's contribution,

your employer's contribution to a SEP (described

later), or an improper rollover contribution.

If the excess contribution for a year is not

withdrawn by the date your return for the year is

due (including extensions) as explained later,

you are subject to a 6% tax each year on

excess amounts that remain in your IRA at the

end of your tax year. The excess is taxed for the

year of the excess contribution and for each

year after that, until you correct it.

You will not have to pay the 6 percent tax if

you withdraw an excess contribution made

during a tax year and interest or other income

earned on it by the date your tax return for that

year is due, including extensions.

It is your responsibility as the Participant to

determine whether any excess contribution has

been made, the amount of the excess, the

amount of any income earned on the excess

contribution, and for the timely withdrawal or

recharacterization of the appropriate amounts.

You must include in your gross income the

interest or other income that was earned on the

withdrawn excess contribution. Report it on your

return for the year in which the excess

contribution was made. Your withdrawal of

interest or other income may be subject to an

additional 10 percent tax on early withdrawals,

discussed later.

If the total contributions (other than rollover

contributions or transfers) for the year to your

IRA are more than the maximum contribution

amount allowed by law, you can withdraw any

excess contribution after the due date for filing

your tax return for that year, including

extensions, and not include the amount

withdrawn in your gross income. This applies

only to the part of the excess for which you did

not take a deduction. The 6 percent tax applies

to the excess contribution amount that remains

in your IRA at the end of a year (this includes

the year of the contribution and any later year).

If an excess contribution in your IRA is the

result of a rollover, and the excess occurred

because you had incorrect information required

to be supplied by the plan, you can withdraw the

excess contribution.

You can reduce an excess by applying it

against a later year in which less than the

maximum amount allowable is contributed.

This method lets you avoid making a

withdrawal. It does not, however, let you avoid

the 6 percent tax on any excess contributions

remaining at the end of the year.

SIMPLIFIED EMPLOYEE PENSION (SEP)Under a SEP plan, your employer can make

contributions to your IRA up to 25 percent of

your compensation subject to a limit or $4,000

(2008 limit, indexed for inflation), whichever is

less.

Unlike your contributions to IRAs,

contributions to your IRA by your employer are

excluded from your income rather than deducted

from it. Your employer's contributions to your

IRA should not be included in your wages,

unless the contributions are in excess of the

applicable limit.

A SEP may include a salary reduction

arrangement (SARSEP). Under the arrangement,

you can elect to have your employer contribute

part of your pay to your IRA. The tax on the

contribution is deferred. Thus, this choice is

called an elective deferral. No new SARSEP may

be established after 1996.

IRA-TO-IRA ROLLOVERYou may withdraw, tax free, all or part of the

assets from one IRA if you reinvest them within

60 days in another IRA. Because this is a

rollover, you cannot deduct the amount that you

reinvested in the new IRA.

You can take (receive) a distribution from an

IRA and make a rollover contribution (of all or

part of the amount received) to another IRA only

once in any one-year period. The one-year

period begins on the date you receive the IRA

distribution, not on the date you roll it over into

another IRA.11


12

Later distributions from an IRA within a

one-year period will not qualify as rollovers.

They are taxable and may be subject to the 10

percent tax on premature distributions.

You must roll over into a new IRA the same

property you received from your old IRA.

If you withdraw assets from an IRA, you

may roll over part of the withdrawal tax free into

another IRA and keep the rest of it. The amount

you keep will generally be taxable (except to the

extent it is a return of nondeductible

contributions) and may be subject to the 10

percent tax on premature distributions.

Amounts that are required to be distributed

during a particular year under the required

distribution rules are not eligible for rollover

treatment.

Report any rollovers from one IRA to

another IRA on Form 1040 or 1040A.

ROLLOVER FROM EMPLOYER’S PLAN INTOAN IRAIf you or your surviving spouse receives a

distribution, other than a required minimum

distribution, from your employer's qualified

pension, profit-sharing or stock bonus plan,

annuity plan, tax-sheltered annuity plan (403(b)

plan), or governmental 457(b) plan, you may be

able to roll over all or part of it into an IRA or

another eligible retirement plan (employer

qualified plan that accepts rollovers). For taxable

years beginning after 2005, you can do a

rollover from a designated Roth account

described in Code Section 402A; and for taxable

years beginning after 2007 funds from an

eligible retirement plan described in §

402(c)(8)(B). can also be rolled over to a Roth

IRA, subject to the $100,000 income limit

described above (repealed after 2009).

Generally, the distributions that you cannot

roll over are:

The nontaxable part of a distribution;

(does not apply to direct rollover of

contributions from a Roth 401(k) or

Roth 403(b) account to a Roth IRA);

Required minimum distributions;

Substantially equal periodic distributions

paid at least once a year over your

lifetime or life expectancy, or the

lifetimes or life expectancies of you and

your beneficiaries; and

Certain other distributions, such as

returns of excess contributions and

excess deferrals under 401(k) plans.

For eligible rollover distributions that are

reasonably expected to total $200 or more for a

year, your employer's plan must give you the

option to have any part of the distribution paid

directly to an eligible retirement plan. Under this

option, all or part of the distribution can be paid

directly to an IRA or another eligible retirement

plan that accepts rollovers.

If you choose the direct rollover option, no

tax is withheld from any part of the distribution

that is directly paid to the trustee of the other

plan. If any part is paid to you, the payer must

withhold 20 percent of that part's taxable amount.

If an eligible rollover distribution is paid to

you, the full amount is treated as distributed to

you even though what you actually received has

been reduced by the amount of tax withheld.

You must include in income any taxable part of

the full amount (including the part withheld) that

you do not roll over to an IRA or another eligible

retirement plan. The most you can roll over is

the part of the distribution that would be included

in income if it were not rolled over. In other

words, the most you can roll over is the fair

market value of the assets that you receive as

your share from your employer's plan, minus

any nondeductible contributions you made to

your employer's plan.

You must generally complete the rollover

within 60 days after the day you receive the

lump-sum distribution. Under certain hardship

situations, the IRS has the authority to waive

the60-day limit for rollover of contributions. IRS

Revenue Procedure 2003-16 provides guidance

on when the 60-day limit may be waived and

how to request the waiver.

You can make more than one rollover of

employer plan distributions within a year. The

once-a-year limit on IRA-to-IRA rollovers does

not apply to these distributions.

If you are under age 59½ when a

distribution is paid to you, you may have to pay

a 10 percent tax, in addition to the regular

income tax, on the taxable part of the distribution

(including an amount equal to any tax withheld)

that you do not roll over.

AGE 59½ RULEGenerally, you cannot withdraw assets (money

or other property) from your IRA or Roth IRA

without having to pay a 10 percent additional tax

(that is, a 10 percent tax on the taxable

distribution in addition to any regular income tax

that might apply), until you reach age 59½ (and

in the case of a Roth IRA, the account has been

established for five tax years). Use Form 5329

to figure the tax on any premature distributions.

The following exceptions apply to the tax

on premature distributions from IRAs and

Roth IRAs:

Death;

Disability;

Rollovers; and

Annuity distributions.

Additional exceptions may apply.

Under the annuity exception, you can

receive distributions from your IRA that are part

of a series of substantially equal payments over

your life (or your life expectancy), or over the

lives of you and your beneficiary (or your joint

life expectancies), without having to pay the 10

percent additional tax, even if you receive such

distributions before you are age 59½. You must

use an IRS-approved distribution method and

you must take at least one distribution annually

for this exception to apply.

If you receive a distribution from an IRA

that includes a return of nondeductible

contributions, the additional tax does not apply

to the portion of the distribution that is

considered to be nontaxable.

REQUIRED DISTRIBUTIONS—AGE 70½RULE FOR IRAYou must receive the entire balance in your IRA

or start receiving periodic distributions from your

IRA by April 1 of the year following the year in

which you reach age 70½.

You are responsible for determining the

minimum distribution amount and for notifying

the Custodian or the Custodian's designee as to

when the distribution is to be made each year. If

you fail to take a distribution that satisfies the

minimum distribution requirements, we will

assume that you have elected to satisfy

minimum distribution requirements from another

source.

If you choose to receive periodic

distributions, you must receive at least a

minimum amount for each year starting with the

year you reach age 70½ (your 70½ year).

Periodic distributions must be made over one of

the following periods:

Your life and an assumed designated

beneficiary (defined later) who is 10

years younger than you;

The lives of you and your spouse who

is your designated beneficiary and

who is more than 10 years younger

than you;

A period that does not extend beyond

your life expectancy; or

A period that does not extend beyond

the joint life and last survivor

expectancy of you and your

designated beneficiary.

Figure your required minimum distribution

for each year by dividing the IRA account

balance as of the close of business on

December 31 of the preceding year by the

applicable factor. If you have a nonspouse

beneficiary, a spouse beneficiary who is less

than 10 years younger than you, or have not yet

designated a beneficiary, the required distribution

is determined using tables specified in IRS

regulations. If you have a spouse beneficiary

who is more than 10 years younger than you,

alternate tables may be used which provide for a

lower required minimum distribution.

If you have more than one IRA, you must

determine the required minimum distribution

separately for each IRA; however, you can total

these minimum amounts and take the total from

any one or more of the IRAs.

If distributions are less than the required

minimum distribution for the year, you may have

to pay a 50 percent excise tax for the year on

the amount not distributed as required. (This is

referred to as an excess accumulation.)


Use Form 5329 to report the tax on excess

accumulations. If the excess accumulation is due

to reasonable error, and you have taken, or are

taking, steps to remedy the insufficient distribution,

you can request that the tax be excused.

The Required Minimum Distribution rules do

not apply to Roth IRAs during the owner’s lifetime.

How to File the Request. File Form 5329 with your Form 1040. Attach your

explanation for the excess accumulation and

show when you removed the excess or what you

have done that will result in its withdrawal. As of

2008, you are no longer required to remit the tax

prior to requesting a waiver.

If the IRS approves your request, the

excise tax penalty will be waived .

DISTRIBUTIONSIf only deductible contributions were made to

your IRA (or IRAs, if you have more than one)

since it was set up, you have no basis in your

IRA. Because you have no basis in your IRA,

any distributions are fully taxable as ordinary

income when received.

If you made nondeductible contributions to

your IRA, you have a cost basis (investment in

the contract) to the extent of those contributions.

These nondeductible contributions are not taxed

when they are distributed to you. They are a

return of your investment in your IRA.

Once nondeductible contributions have

been made, distributions consist partly of

nondeductible contributions (basis) and partly of

deductible contributions, earnings or gains.

Thus, until you run out of basis, each distribution

is partly taxable and partly nontaxable.

You must complete, and attach to your

return, Form 8606 if you receive an IRA

distribution and, at any time, have made

nondeductible IRA contributions. Using the form,

you will figure the nontaxable distributions and

your total IRA basis.

In figuring your tax, you cannot use the

special averaging or capital gain treatment that

applies to lump-sum distributions from qualified

employer plans. If you receive a distribution from

your IRA, you will receive Form 1099-R,

Distribution From Pensions, Annuities,

Retirement or Profit-Sharing Plans, IRAs,

Insurance Contracts, etc., or a similar statement.

BENEFICIARIESThe requirements for withdrawing the IRA funds

differ, generally depending on whether the IRA

owner designated a beneficiary.

If the IRA owner designated a beneficiary,

then that beneficiary can elect to take required

distributions using the beneficiary's age in the

year following the IRA owner's death and

reducing the life expectancy factor by 1 for each

subsequent year.

Exception This rule does not apply if the designated

beneficiary is the owner's surviving spouse who

becomes the new owner by choosing to treat the

IRA as his or her own IRA. In that case, the

surviving spouse can choose to follow the

required distribution rules for IRA owners in the

preceding discussion.

If the owner dies without a designated

beneficiary the entire interest must be distributed

by December 31 of the fifth year following the

year of the owner's death.

PROHIBITED TRANSACTIONSThe tax advantages of using IRAs for retirement

savings can be offset by additional taxes and

penalties if either you or your beneficiary, as the

case may be, engages in a prohibited

transaction described in section 4975 of the

Internal Revenue Code. Some examples of

prohibited transactions with an IRA are:

Borrowing money from it;

Selling property to it;

Receiving unreasonable

compensation for managing it; and

Using it as security for a loan.

Generally, if you or your beneficiary

engages in a prohibited transaction in

connection with your IRA account at any time

during the year, it will not be treated as an IRA

as of the first day of the year. If you or your

beneficiary engages in a prohibited transaction

in connection with your IRA account at any time

during the year, you (or your beneficiary) must

include the fair market value of all (or part, in

certain cases) of the IRA assets in your gross

income for that year. You may also have to pay

the 10 percent tax on premature distributions

discussed earlier.

MISCELLANEOUSSome states and localities may have tax,

community property or other laws that are

different from the federal laws for IRAs. Those

laws are not covered in this Disclosure

Statement.

The Participant's Custodial Account will be

charged fees as set forth in the fee schedule

contained in the Mutual Fund IRA Application.

The fee schedule may be amended from time to

time by the Custodian. In addition to the

custodial fee, the Fund shares held in the

Custodial Account carry their own fees and

expenses, which may include management fees,

Rule 12b-1 fees and/or other fees and

expenses, which are described in detail in each

Fund's prospectus. Individuals who invest in one

or more of the Funds will, as shareholders of

those Funds, bear their pro-rata portion of each

Fund's fees and expenses. Because the

investment of the assets of your IRA is self-

directed by you, it is not possible to guarantee

the growth in value thereof. The value of your

IRA will increase depending upon the amount of

your contributions, the length of time over which

you contribute, and the performance of the

investments you make.

IRS APPROVALThe Prudential Mutual Fund Individual

Retirement Account Custodial Agreement and

the Roth Individual Retirement Custodial

Account Agreement have been approved as to

form by the IRS. The IRS approval does not

represent a determination as to the Account. A

copy of the determination letter is in the back of

this booklet.

ADDITIONAL INFORMATIONYou may obtain additional information about

IRAs in general from any district office of the

IRS or in a copy of IRS Publication 590 entitled

"Individual Retirement Arrangements (IRAs)."

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