Coverdell Education Savings Account Application Use this application to open a JennisonDryden or Strategic Partners Coverdell Education Savings ... to cash, such as money ... earn

Prudential Mutual Fund Services LLC,a Prudential Financial company

Instructions Use this application to open a JennisonDryden or Strategic Partners Coverdell Education Savings Account(CESA). If you are transferring assets from another institution, you will also need to complete the CoverdellEducation Savings Account Transfer form.

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

USA Patriot Act requirements – To help the government fight the funding of terrorism and money launderingactivities, Prudential Financial is required to obtain, verify, and record information on each person whoopens 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 • Date of birth • Residence address (may not be a PO Box) • Taxpayer identification number (SSN or EIN)

If this information is not provided, we will be unable to open the account. If we are unable to verifyyour identity, Prudential Financial reserves the right to close your account or take other steps wedeem reasonable.

Coverdell Education Savings Account Application

Page 1 of 9ORD97828 Ed. 5/2007

For assistance:Clients: (800) 225-1852

Pruco representatives: (800) 542-7117

1 ResponsibleIndividualInformation

Name of Responsible Individual (first, middle initial, last name)

The Responsible Individual must be the designated beneficiary's parent or legal guardian.

2 MailingAddress

City State ZIP code 4-digit ext. (optional)

This mailing address will be considered the account's address of record and will be used for all accountmailings. It is important that each associated person's residential address be provided in section 3.

Street (You may use a PO Box as a mailing address.)

Date of birth (month, day, year)Social Security number

3 PrimaryAccountOwnerInformation(ResponsibleIndividual –Required forUSA PatriotAct.)

(continued)

Home telephone number Daytime telephone number Extension

City State ZIP code

Residential/Permanent address (We cannot accept a PO Box or rural route number.)

3 PrimaryAccountOwnerInformation(continued)

Employment Status Employed Unemployed Retired Prudential employee

Marital Status Married Single Widowed Divorced Number of dependents

Highest education level achieved

Post graduate work College graduate Attended collegeHigh school graduate Attended primary/high school Technical or vocational school

Associated member of a broker/dealer Yes No

Occupation

Employer

Page 2 of 9ORD97828 Ed. 5/2007

4 DesignatedBeneficiaryInformation(Minor)

Name of beneficiary (first, middle initial, last name)

Date of birth (month, day, year)Social Security number

City State ZIP code

Street

5 PurchaseType

Contribution for tax year $

$

Rollover approximate amount $

2

2

Citizenship

U.S. person Nonresident alien.* Country of residenceResident alien

*Nonresident aliens must attach the applicable Internal Revenue Service (IRS) Form W-8(BEN, ECI, EXP,IMY), which can be obtained at www.irs.gov. Also, nonresident aliens must cross out item 3 in section 13.

Page 3 of 9ORD97828 Ed. 5/2007

Designate your fund choice(s) and, except for money market fund investment(s), make sure you check theshare class.

Share class Fund name Allocation type Amount or(Check one.)* (Check one.)** percentageA B C Y $ %

Please make check payable to Prudential Mutual Funds. Total $ or 100%

*Share class Y only applies to the Dryden Ultra Short Bond Fund that has a $25,000 minimum initial investment.**If your allocation type is a percentage, the total must equal 100%.

Important notes:

• If you do not indicate a fund and/or share class, the initial investment proceeds will be invested in theMoneyMart Assets Fund, Inc. until we reach you for investment instructions.

• Please refer to the fund prospectus for minimum initial investments and for more information on salescharges and expenses.

• The contributions cannot exceed $2,000 for each tax year for all accounts listed.

Check here if establishing the Rights of Accumulation privilege. Please refer to the fund's prospectusand Statement of Additional Information to learn more about accounts that may be eligible for thisprivilege. if you would like to link any eligible accounts, please indicate the account numbers below.Note: You can only link accounts that are held directly with the transfer agent.

Account number Account owner name Relationship to you

6 Mutual FundSelection(s)

7 Privilege(s)Selectionfor CESA

Dividends and capital gains will be reinvested in additional shares.Telephone Exchange is automatic (where applicable) unless you check this box.

I do not want this privilege.Special needs child. Please check this box if the designated beneficiary falls under this category. Aspecial needs child is defined on page 1 of the Custodial Agreement under the Establishment section.

Page 4 of 9ORD97828 Ed. 5/2007

8 PurchasePrivileges(Pleasecompletesection 9 and attach avoided check.)

Check all that apply.

Automated Clearing House (ACH) Purchase Plan (Check here if you want the capability to purchaseonline or by telephone upon demand from your bank account.)

Automatic Investment Plan (AIP)

Frequency (minimum per debit) : Weekly ($24) Monthly ($100) Quarterly ($300)

Starting date (month/day/yr)* :*If a specific date of the month is not selected, debits will be made on or about the 15th of the month.

Share class(Check one.)*A B C Y

$ into the Fund

$ into the Fund

$ into the Fund

$ into the Fund

$ into the Fund

$ into the Fund

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

*Share class Y only applies to the Dryden Ultra Short Bond Fund. Must meet the $25,000 minimum initial investment.

9 Bank ofRecord

ABA routing number (To ensure accuracy, verify with your bank.) Type of account:

Checking Savings

Bank/Credit union name

Bank telephone numberBank account number

Attach voidedcheck here.

Name on bank account Check no. 1234Street addressCity, State ZIP

DATE

PAYTO THE ORDER OF $

DOLLARS

FOR _________________________________

555555555555 5555555555 11223344112233445566778899

ABA number (9 digits)

VOIDBank account number

10 ResponsibleIndividual’sInvestmentProfile(Complete thisentire sectiononly if you area customer ofa Prudentialregisteredrepresentativeof PrucoSecurities.)

This information helps your financial professional determine whether the investments you have selectedare appropriate given your financial objectives.

Responsible Individual's household financial information.

• Annual income. Owner's income from all sources, before taxes.• Household income. Income from all sources, before taxes, from all members of the household who

contribute income.• Net worth. The amount by which assets exceed liabilities. For an individual, it would be the total value of

all possessions such as a house, stocks, bonds, and bank accounts, minus all outstanding debts such asa mortgage, loans, and credit card balances.

• Liquid net worth. That part of a person's net worth held in cash or easily convertible to cash, such asmoney market fund shares, bank deposits, mutual funds, or other marketable securities.

Risk tolerance. Your risk tolerance is your comfort level to withstand risk with respect to investments (e.g.,the potential to absorb losses in your investments). For example, an investor whose risk tolerance isconservative seeks securities that are most likely to preserve principal with low risk, while an investor withan aggressive risk tolerance is willing to accept a high degree of risk regarding loss of principal.

• Conservative. Prefer little risk and low volatility in return for accepting potentially lower returns.Minimizing exposure of principal to loss or fluctuation is very important.

• Moderately conservative. Willing to take some risk to seek enhanced returns. Reduced exposure ofprincipal to loss or fluctuation is important.

• Moderate. Willing to assume an average amount of market risk and volatility or loss of principal toachieve potentially higher returns.

• Moderately aggressive. Willing to assume an above-average amount of risk and volatility or loss ofprincipal to take advantage of potentially higher return opportunities.

• Aggressive. Willing to sustain substantial volatility or loss of principal and assume a high level of risk inpursuing potentially higher returns.

Investment objective(s). Your investment objective is how you seek to have your investments achieve yourfinancial goals. For example, a person who chooses growth as a primary investment objective is seekinggrowth of principal rather than generation of income.

• Preservation of capital. Seeks to preserve the value of your investments through all market conditionswith a preference for holding cash and/or cash equivalents (e.g. money market funds, CDs, Treasurysecurities with maturities of one year or less).

• Income. Seeks to earn income through holdings of bonds and/or income-yielding securities.• Tax-free income. Predominantly seeks to earn income free from income taxes.• Growth. Seeks to achieve growth of capital through investment in securities.• Short-term gain. Emphasis on short-term trading practices to capitalize on market fluctuations. This

objective is associated with higher-than-normal market risk.• Speculation. Emphasis on aggressive investments that assume above-average market risk with hope of

achieving commensurate gains.• Diversified. Investment options selected to conform with recommendations of company-approved Asset

Allocation Model.

Page 5 of 9ORD97828 Ed. 5/2007

(continued)

Page 6 of 9ORD97828 Ed. 5/2007

10 ResponsibleIndividual’sInvestmentProfile(continued)

Years of investment experience (Indicate number of years of experience in any of the following that apply.)

Equities Bonds Options

Futures Mutual Funds Variable Annuity/Life None

Ranges Annual Household Net Liquidincome income worth net worth

Up to $24,999. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$25,000 – $49,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $50,000 – $74,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$75,000 – $99,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 – $149,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$150,000 – $249,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250,000 – $499,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$500,000 – $749,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $750,000 – $999,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$1,000,000 – $2,499,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500,000 – $4,999,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$5,000,000 – $9,999,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000,000 – $24,999,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$25,000,000 or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund holding years. Indicate the number of years you intend to hold your mutual fund.

Were the mutual fund selections based on an investment allocation pursuant to a company-approved assetallocation model? Yes No

RiskTolerance(Check one.)

Conservative Moderately conservative ModerateModerately aggressive Aggressive

Select up to two (2) objectives. Indicate first choice as 1 and second, if any, as 2.

Preservation of capital Income Tax-free income GrowthShort-term gain Speculation Diversified

InvestmentObjectives

InvestmentFunding

I will pay for my initial investment through my:

CDs/Liquid assets/Savings Mutual funds AnnuitiesLife insurance (If selected, please specify death proceeds, dividends, cash value, etc.) Rollover (from) Other

Tentatively, I plan on making additional investments. During thefirst year, my total additional first year investments planned are $

I will pay for these additional first year investments through myCDs/Liquid assets/Savings Mutual funds AnnuitiesLife insurance (If selected, please specify death proceeds, dividends, cash value, etc.)

Page 7 of 9ORD97828 Ed. 5/2007

Daytime telephone number Extension

Name of depositor (first, middle initial, last name)

Street

11 DepositorInformation

Social Security number

City State ZIP code

Date of birth (month, day, year)

Name of successor beneficiary (first, middle initial, last name)

If this section is completed, the person named below shall become the new beneficiary in the event of thedesignated beneficiary's death or incapacity before attaining the age of 30. Notification can be madewithin 30 days after the date of the designated beneficiary's death or incapacitation.

12 SuccessorBeneficiary(Cannotexceed 30years of ageunless he/sheis a specialneeds child.) Date of birth (month, day, year)

13 TaxCertificationandSignature(s)

By signing below, I:

• Warrant that I have full authority and, if a natural person, I am of legal age to purchase shares pursuantto this application.

• Acknowledge that I have received the prospectus for each mutual fund that I have selected and I agreeto its terms.

• Appoint Prudential Trust Company to serve as Custodian of the Coverdell Education Savings Account inaccordance with the terms and conditions of the CESA Custodial Account Agreement.

• Certify that I have received and read the CESA Custodial Account Agreement. • Certify that the depositor is aware of the Adjusted Gross Income (AGI) limitations and does not have AGI

above those limits. • Understand that there may be fees for this account. • Acknowledge that I will direct the investment of contributions in this account and make all of the

investment decisions relating to the assets in that account. • Acknowledge that I am aware that a CESA may not be suitable for everyone and have, if necessary,

consulted with a tax adviser.

Purchases of shares during a subscription period (applicable only to investors who purchase shares of afund directly from PMFS, the transfer agent): By signing this application for the purchase of shares of theinvestment portfolio(s), I:

• Acknowledge that I have read and that I understand the special purchase procedures relating to thesubscription period described in the prospectus for each subscription fund.

• Authorize and direct PMFS (1) to place my investment initially and for the duration of the subscriptionperiod in shares of a money market fund, and (2) to exchange those money market fund sharessubsequently for shares of the subscription fund(s) at the end of the subscription period in accordancewith each subscription fund’s prospectus.

(continued)

13 TaxCertificationandSignature(s)(continued)

Under the 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, or b) I have

not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as aresult of a failure to report all interest or dividends, or c) the IRS has notified me that I am no longersubject 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 tobackup withholding because of underreporting interest or dividends on your tax return. You must crossout item 3 above if you are not a U.S. person (including a U.S. resident alien.)

Note: The Social Security number that you are asked to certify is that of the designated beneficiary ofthe Coverdell Education Savings Account.

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. Thisverification process will take place as we open your account. Once verification is complete, PrudentialFinancial 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 whichfunds shall be disbursed only upon receipt of a valid court order or other document(s), as appropriate. Acopy of the restriction (court order or otherwise), signed and dated on hasbeen provided with this mutual fund application. The restriction shall continue until PMFS receives avalid court order or other written instruction as directed by PMFS, expressly authorizing the removal ofthe restriction.

The IRS does not require your consent to any provisions of this document other than certification required to avoid backup withholding.

State of domicile*

*Domicile is defined as a person’s fixed, permanent, and principal home for legal purposes.

State where application is signed

XX____________________________________________________Responsible Individual’s signature & date month day year

Page 8 of 9ORD 97828 Ed. 2/2007

XX____________________________________________________Depositor’s signature & date (If different than the Responsible Individual) month day year

14 FinancialProfes-sional(s)IdentificationandSignature(s)(if applicable)

Name of financial professional #1 (first, middle initial, last name)

XX____________________________________________________Financial professional’s signature

Name of broker/dealer (Please print.) Broker/dealer number

Financial prof. #/ Branch office #/ Percent Office phone # Alternate phone #contract # Agency code

Name of financial professional #2 (first, middle initial, last name)




Pruco Securities registered representatives must complete the USA Patriot Act Customer IdentityVerification form and submit it with this application.

Standard Prudential Mutual Fund Services LLCmail to: PO Box 9658

Providence, RI 02940

Overnight Prudential Mutual Fund Services LLCmail to: 101 Sabin Street

Pawtucket, RI 02860

If you have questions, please call the Prudential Mutual Fund Service Center at (800) 225-1852, Mondaythrough Friday between 8:00 a.m. and 8:00 p.m. Eastern time.

Page 9 of 9ORD97828 Ed. 5/2007

Page 1 of 2ORD97828 Ed. 5/2007

Daytime telephone number Extension Home telephone number

Name of designated beneficiary (first, middle initial, last name)

Name of responsible individual (first, middle initial, last name)

1 Account(s)to beTransferred Beneficiary’s Social Security number

Telephone number (if known)

Account number(s) (Please attach copies of most recent account statement.)

Name of institution from which the above account(s) will be transferred

Contact (if known)

City State ZIP code

Street

Transfer Instructions. All liquidations are done immediately unless special instructions are provided below.Check with your sending institution about financial penalties, suspensions, signature guarantees, or otherrestrictions that could affect the transfer of your account to PMFS.

A. LiquidateAll $ (estimated value) Partial % or $

B. Special Instructions for CDsTransfer immediately. I am aware of and acknowledge any penalty I may incur from an early withdrawal. Transfer at maturity (month, day, year)(Please submit 4 weeks prior to maturity date.)

Transfer-In-Kind Instructions. Complete this section only if you have existing JennisonDryden or StrategicPartners mutual funds and want to change your current Trustee/Custodian. JennisonDryden and StrategicPartners shares will not be sold. Important: Section 2A must be completed for any general securities to beliquidated. Otherwise, only JennisonDryden and Strategic Partners positions will be transferred.

Transfer my funds “in kind” immediately.

2 Instructionsfor SendingInstitution

Instructions Use this form if you are moving one or more Coverdell Education Savings Account(s) (CESA) from anotherinstitution to a new or existing Coverdell Education Savings Account at Prudential Mutual Fund ServicesLLC (PMFS). If you are transferring monies from several different institutions, you must fill out one CESATransfer form for each institution. If this transfer opens a new account, please complete the CoverdellEducation Savings Account Application as well.If you need assistance completing this form, please call the Prudential Mutual Fund Service Center at (800)-225-1852, Monday through Friday between 8 a.m. and 8 p.m. Eastern time.

Coverdell Education Savings Account Transfer

Prudential Mutual Fund Services LLC,a Prudential Financial company

For assistance:Clients: (800) 225-1852


It is my intention to effect a transfer, without inclusion of the amount to be transferred in gross income, ofthe redemption value of the account to a Prudential Trust Company, Custodial Coverdell Education SavingsAccount. Accordingly, in order to accomplish the transfer, you are hereby directed to terminate, surrenderor cancel, as the case may be, my interest in and redeem the account referenced in Section 1, and totransfer the proceeds by check payable to Prudential Mutual Funds, for investment in the CustodialAccount(s) maintained. I hereby agree to the terms and conditions set forth in this Coverdell EducationSavings Account Transfer form.

X___________________________________________ ________Responsible Individual’s signature

Signatureand Acknow-ledgement

4

Page 2 of 2ORD97828 Ed. 5/2007

month day year

Check one:Transfer funds to my existing accounts. Open a new account and transfer funds. Attach completed Coverdell Education Savings Account Application.

Share class Fund name/Account number Allocation type Amount or(Check one.)* (Check one.)** percentageA B C Y $ %

Please make check payable to “Prudential Mutual Funds for the Total $ or 100% benefit of (beneficiary)”.

*Share class Y only applies to the Dryden Ultra Short Bond Fund that has a $25,000 minimum initial investment.**If your allocation type is a percentage, the total must equal 100%.

3 Mutual FundSelection(s)(Completethis section ifyou wantgeneralsecurities tobe liquidated.Otherwise,only JennisonDryden andStrategicPartnerspositions willbetransferred.)

5 FinancialProfessionalIdentificationandSignature(if applicable)

Name of financial professional (first, middle initial, last name)




The Prudential Trust Company hereby confirms that is has accepted its appointment as custodian of theCESA to which the above directed transfer is to be made and that it will accept the transfer.

X___________________________________________ ________Authorized signature of PMFS as agent for Prudential Trust Company)

Authorization(To becompleted byPMFS ifapplicable.)

6

month day year




Pawtucket, RI 02860

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

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

MailingInstructionsfor SendingInstitution

7

Owner Information Personally met, ID documents reviewed ID documents not present Not personally met

ID Verification Documentation

State DMV issued ID Number Exp. date Issuing state

Passport Number Exp. date Issuing country

U.S. Visa Number Exp. date

U.S. Alien ID Card Number Exp. date

Name of joint owner(First, MI, Last name)

Joint Owner Information Personally met, ID documents reviewed ID documents not present Not personally met

ID Verification Documentation

State DMV issued ID Number Exp. date Issuing state

Passport Number Exp. date Issuing country

U.S. Visa Number Exp. date

U.S. Alien ID Card Number Exp. date

USA PATRIOT Act Customer Identity Verification

For assistance: Clients: (800) 225-1852


MF1026 Ed. 5/2007 Page 1 of 2

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

To be completed by registered representatives of Pruco Securities only. Please print using blue or black ink.

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

Name of owner (First, MI, Last name)

Name of entity

Form of OwnershipTrust (Trust document must be reviewed.) Date of trust

month / day / yearTrustee name

Trustee address

Corporation LLC Partnership Charity Other

(continued)

Patriot Act Identity Verification

Owner's ID Verification For Natural Persons

Owner's ID Verification For Entity Ownership

1

2

Social Security numberorAccount number (if known)

Documents ReviewedU.S. or state government-issued business license used for verification

Issuing entity License # License datemonth / day / year

Articles of Incorporation Partnership Agreement LLC Operating Agreement Other (describe)

State of formation/organization Date of formation/incorporationmonth / day / year

No official document available

I certify that to the best of my knowledge, the information provided by the owner(s) and/or legal representative(s)above accurately reflects the identity of the owner(s), and that if the owner is an entity, I have viewed the actualbusiness document(s) relied upon for the verification, if indicated. I further certify that to the best of my knowledge,all information contained in this form is true, accurate, and complete and that the ID Verification Notice has beenprovided to all owner(s) and/or legal representative(s).

Name (please print) Office telephone

X Registered representative’s signature month / day / year

Registered representative’s number

I acknowledge that any identity information I have provided may be confirmed via an external verification entity.

Client name(s) (please print)

X Client’s signature month / day / year

X Client’s signature (if applicable) month / day / year

MF1026 Ed. 5/2007 Page 2 of 2




Pawtucket, RI 02860

If you have questions, please call the Prudential Mutual Fund Service Center at (800) 225-1852, Monday throughFriday between 8:00 a.m. and 8:00 p.m. Eastern time.

Please return this entire form with the application or submit it to one of the addresses below if the originalapplication has already been sent to PMFS.

Owner's ID Verification For Entity Ownership (continued)2

Client Signature(s)3

Registered Representative Signature4

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 data secureand 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 and • participant information from organizations that purchase products or services from us for the benefit

of 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 us or on our behalf. We may, for example, disclose data to other companies for customer service or administrative purposes. We may disclose limited information such as:

• your name,• address, and• the 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,or • to prevent fraud.

We do not disclose data to Prudential affiliates or other companies to allow them to market their products or services to you. We may tell you about a product or service that a Prudential company or other companies offer. Ifyou 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 this policy 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 Prudential Financial logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affiliates. The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102-3777.Your Financial Security, Your Satisfaction & Your Privacy Privacy 0019 Ed. 12/2006 NS

Insurance Companies and Separate AccountsPrudential Insurance Company of America, TheAmerican Skandia Life Assurance CorporationPruco Life Insurance CompanyPruco Life Insurance Company of New JerseySeparate accounts of The Prudential Insurance Company of America, Pruco Life Insurance Company, Pruco Life

Insurance Company of New Jersey, and American Skandia Life Assurance CorporationPrudential Retirement Insurance and Annuity Company (PRIAC)PRIAC Variable Contract Account

Insurance AgenciesPrudential Direct Insurance Agency of Massachusetts, Inc.Prudential General Agency of Ohio, Inc.Prudential General Insurance Agency of New Mexico, Inc.Prudential General Agency of Texas, Inc.Prudential Insurance Agency, LLC

Broker-Dealers and Registered Investment AdvisersAmerican Skandia Investment Services, Inc.American Skandia Marketing, Inc.Global Portfolio Strategies, Inc.Pru Global Securities, LLCPruco Securities, LLCPramerica Asset Management, Inc.Prudential Equity Investors, Inc.Prudential Investment Management, Inc.Prudential Investment Management Services LLCPrudential Investments LLCPrudential Equity Group, LLC

Bank and Trust CompaniesPrudential Bank & Trust, F.S.B.Prudential Trust Company

Investment Companies and Other Investment VehiclesHigh Yield Income Fund, Inc., TheJennisonDryden Mutual FundsNicholas-Applegate Fund, Inc.PB Financial Services, Inc.Prudential Capital Partners, L.P.Prudential Financial Derivatives, LLCPrudential Institutional Liquidity Portfolio, Inc.Strategic Partners Mutual FundsTarget Portfolio Trust, The

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

CGOV-D2385

Coverdell Education Savings Account Custodial Account Agreement

This Agreement establishes and sets forth the terms of the Prudential Mutual Fund Services LLC Coverdell Education Savings Account (defined herein as a “CESA”) and is made between the Responsible Individual (the "Depositor") and Prudential Trust Company (the "Custodian"), to establish a Coverdell Education Savings Account within the meaning of section 530 of the Internal Revenue Code (the "Code") for the exclusive purpose of paying the "qualified education expenses" (within the meaning of section 530(b)(2) of the Code) of the Designated Beneficiary.

INTRODUCTION

Description of the Prudential Mutual Fund Services LLC Coverdell Education

Savings Account

This introduction is provided to help you better understand the rules and regulations concerning the Coverdell Education Savings Account offered by Prudential Mutual Fund Services LLC. It should be read together with the Articles of the Prudential Mutual Fund Services LLC Coverdell Education Savings Account Custodial Account Agreement that follow.

Coverdell Education Savings Accounts (formerly known as Education IRAs) were created by the Taxpayer Relief Act of 1997 (which added section 530 to the Code) and were most recently modified in August 2001. Under this agreement, a Coverdell Education Savings Account shall be referred to as a “CESA”. Under the provisions of the Code, a CESA is a limited-purpose trust or custodial account that has been granted certain tax advantages provided the funds in such trust or custodial account are used for the Code-specified purposes. Earnings on the assets held in a CESA are not subject to federal income tax if distributions from the CESA are used to pay for "qualifying education expenses" of the Designated Beneficiary of the CESA. We do not determine or record whether a distribution is made for a “qualifying education expense” of the Designated Beneficiary. You should consult with your tax adviser for guidance on tax matters involving this account. The state and local income tax treatment of your CESA may differ from the federal rules.

1. Establishment

A CESA may be established for the benefit of any child under age 18, or for a special needs child* (as determined under Internal Revenue Service “IRS” regulations) of any age (either referred to hereafter as a "Designated Beneficiary"). An individual may establish CESAs for the benefit of more than one Designated Beneficiary, with a separate CESA established for each beneficiary. The CESA is designed to be managed and directed by a "Responsible Individual," who typically is the Designated Beneficiary's parent or legal guardian.

*A special needs child is defined as a beneficiary with a medical condition or a physical, mental or emotional handicap. Contributions may be made past the age of 18 for a special needs child and need not be distributed at age 30 for a special needs child.

2. Contributions and Deductions

Contributions: An individual Depositor may contribute up to $2,000 (for years prior to 2002, the limit is $500) per tax year (generally the calendar year for most taxpayers) on behalf of any Designated Beneficiary to a CESA. No more than $2,000 in aggregate contributions may be made for the benefit of any Designated Beneficiary in any given tax year. Contributions on behalf of a Designated Beneficiary may be made to a CESA up until the date the Designated Beneficiary reaches his or her 18th birthday. (Please note, however, that the age restriction is waived for a child who has "special needs".)

Excess Contributions: Aggregate contributions for the benefit of a particular child in excess of $2,000 ($500 for years prior to 2002)** for a year are treated as "excess contributions." If the excess contributions (and any earnings attributable to them) are not withdrawn from the Designated Beneficiary's account (or accounts) by the first day of the sixth month of the tax year following the tax year in which the contribution was made for contribution years after 2001 (generally June 1), the excess contributions are subject to a 6 percent excise tax for each year the excess amount remains in the account.

**For 2002. For years 1998 through 2001, this amount was $500.

Limits on How Much You May Contribute: Generally, you may contribute up to $2,000 ($500 for years prior to 2002) to a Designated Beneficiary's CESA. However, in the case where the contributor is an individual, the $2,000 maximum contribution per Designated Beneficiary is gradually reduced if your modified Adjusted Gross Income ("AGI") is between $95,000 and $110,000 (between $190,000 and $220,000 if married filing jointly beginning in 2002; between $150,000 and $160,000 for years prior to 2002). Unmarried individuals with a modified AGI above $110,000 ($220,000 if married filing jointly as of 2002; $160,000 if married filing jointly for tax years prior to 2002) cannot make contributions to a CESA.

Example: An unmarried individual with a modified AGI of $96,500 in a tax year could make a maximum contribution to a CESA for that year of $1,800 per beneficiary. If the unmarried individual's modified AGI was above $110,000, he or she could not make a contribution to a CESA for that year.

Timing of Contributions: For years prior to 2002, contributions for that year are required to be made by December 31 of such year. However, in 2002 and beyond, contributions for a particular year can be made up until the due date (without extensions) of the individual’s federal income tax return for that year (generally, April 15 of the subsequent year).

Deductions: A Depositor who is an individual may not take a deduction for contributions made to a CESA.

3. Tax Treatment of Distributions and Rollovers

General Rule: Distributions taken by or made to a Designated Beneficiary may be free of federal income tax if such distributions are used to pay for, and do not exceed, qualified education expenses of the Designated Beneficiary. In any event (other than the rollover or transfer exceptions noted below), amounts in a CESA will be distributed (or will be deemed to have been distributed) to the Designated Beneficiary within 30 days of the date such Designated Beneficiary attains age 30 (or, if earlier, within 30 days of the date that the Designated Beneficiary dies). The age restriction is waived for a child with "special needs."

What Are "Qualified Education Expenses”?: Qualified Education Expenses include qualified higher education expenses and, beginning in 2002, qualified

elementary and secondary education expenses. Generally, qualified higher education expenses are expenses for tuition, fees, books, supplies, and equipment required for the enrollment or attendance of the Designated Beneficiary at an eligible educational institution. Qualified higher education expenses also include certain room and board expenses if the Designated Beneficiary is at least a half-time student at an eligible educational institution. Generally, qualified elementary and secondary education expenses including tuition, tutoring, computer equipment and software, internet access, special needs services (in the case of a special needs Designated Beneficiary), uniforms, room and board and extended day program costs are qualified education expenses. Qualified education expenses are reduced by amounts paid for the benefit of the beneficiary as qualified scholarships, certain education assistance and other payments for such educational expenses.

What is an "Eligible Education Institution”?: An eligible education institution includes virtually any accredited college, university, vocational school, or other post-secondary school. Beginning in 2002, elementary and secondary education facilities are also eligible educational institutions.

Distributions Other Than for Payment of Qualified Education Expenses: If all or a portion of a distribution taken by or made to a Designated Beneficiary is not used for qualified education expenses, the Designated Beneficiary is subject to federal income tax on the taxable portion of the distribution that is not used for such qualified education expenses. (The taxable portion is the portion that represents earnings that have accumulated tax-free in the CESA, but does not include the contribution amounts themselves.) When taking distributions from a CESA, designated beneficiaries cannot choose to take distributions first from the non-taxable portion of the account. It is always considered that the portion representing earnings in the distribution is the same portion that earnings represent of the entire CESA at the time of the distribution.

If a distribution is received from a CESA and is subject to federal income tax, the taxable portion is also subject to a 10 percent federal income tax penalty. The tax penalty is not applied in the case of distributions due to the death or permanent disability of the

beneficiary, the return of excess contributions, or made on account of certain scholarship, allowance or other tax-free payments made to the beneficiary.

Rollover and Transfer Distributions: Any amount distributed from a CESA and rolled over within 60 days to another CESA for the benefit of the same Designated Beneficiary, or certain members of the Designated Beneficiary's family who have not attained age 30 or have "special needs" at the time of such distribution, is not taxable. Members of the Designated Beneficiary's family include his or her children and their descendants, stepchildren and their descendants, siblings and their children, parents, grandparents, and stepparents, and spouses of all of the foregoing. Beginning in 2002, a member of the Designated Beneficiary's family shall also include any first cousin of the beneficiary.

Any amount transferred from one CESA to another CESA for the benefit of the same Designated Beneficiary or certain members of the Designated Beneficiary's family who have not attained age 30 at the time of such transfer or have "special needs" also is not taxable. There is no restriction on the frequency with which transfer contributions may be made, and transfers can be done more than once in a twelve-month period. However, assets may not be rolled over from one CESA to another more than once in a one-year (twelve-month) period.

The $2,000 annual contribution limit ($500 for years prior to 2002) to CESAs does not apply to rollover or transfer contributions.

Redesignation of Beneficiary: Instead of rolling over or transferring funds from one CESA to another, you may simply change the Designated Beneficiary of the CESA from one child to another. This redesignation will not trigger federal income tax if it is made prior to the previous Designated Beneficiary having attained age 30, and the new Designated Beneficiary is a member of the previous beneficiary's family, as described above, who also has not attained age 30 or who has "special needs.”

4. Interaction with other Higher Education Tax Incentives

Hope Scholarship Credit or Lifetime Learning Credit Coordination (Modified in 2002): A taxpayer can now claim the Hope Scholarship Credit or Lifetime

Learning Credit for a taxable year, and exclude from income in the same taxable year, a distribution from a CESA attributable to the same child/Designated Beneficiary, provided that the CESA distribution is not used for the same education expenses for which either one of the credits is claimed.

Prior to 2002, the Designated Beneficiary could not receive tax-free money from an Educational IRA/CESA in the same year that the Hope Scholarship Credit or Lifetime Learning Credit was claimed. However, the Designated Beneficiary could waive the tax-free treatment of the CESA distribution and elect to pay any tax that would otherwise be owed on a CESA distribution so that a Hope Scholarship Credit or Lifetime Learning Credit could still be claimed. Such waiver is no longer necessary after 2001.

Qualified State Tuition Programs Coordination (Modified in 2002): Prior to 2002, contributions could not be made to a CESA on behalf of a Designated Beneficiary during any tax year in which an amount is also contributed to a qualified state tuition program on behalf of the same beneficiary. To the degree any such contributions were made, the contribution to a CESA in this circumstance would be treated as an excess contribution to the CESA, subjecting the CESA to the 6 percent excise tax.

Beginning in 2002, contributions may be made to both a qualified state tuition program (expanded to include private tuition programs) and a CESA in the same tax year. If the distributions from the CESA and the qualified state tuition programs exceed the Designated Beneficiary's qualified education expenses in such year (after coordination with the Hope Scholarship Credit or Lifetime Learning Credit), a beneficiary is required to allocate the expenses between the distributions to determine the amounts includible into income for that tax year.

5. Miscellaneous Information

Tax FormsTax FormsTax FormsTax Forms: At this time, the Internal Revenue Service (IRS) does not require that certain federal tax forms be filed to report contributions or rollovers related to CESAs. Distributions from a CESA are reported on federal tax Form 8606. This form is used to determine the portion of the distribution that is subject to federal income tax. Form 5329 is required for distributions from CESAs to determine the amount of additional federal income tax penalty due on the

distribution. This form is also required to report the amount of excise tax due for excess contributions. Any contributions or rollovers to a CESA will be reported by the Custodian to you and the IRS on Form 5498-ESA. Distributions from a CESA will be reported to you and the IRS on Form 1099-Q.

Performance Not Guaranteed: The investment of the assets in a CESA is directed by you, and not by the Custodian or any of its affiliates. Consequently, no guarantee can be or is being made as to the growth in the value of your CESA. The value of the CESA will depend upon the amount of your contributions, the length of time over which you contribute, and the performance of the investments you make.

IRS Approval: The Coverdell Education Savings Account Custodial Account Agreement below is modeled on Form 5305-EA, the IRS Model Education Individual Retirement Custodial Account Agreement. Variations in the text from such model agreement are only meant to incorporate changes in applicable law since the last issuance of such Agreement by the IRS. To the degree that the form is materially changed in the future to reflect IRS-mandated or other changes, we will provide you with a copy of any updated form for your records.

Additional Information: You may obtain additional information about CESAs in general from any district office of the Internal Revenue Service. For information about the required disclosure you must get from your Custodian, see Notice 97-60. (1997-2 C.B. 310).

ARTICLES OF COVERDELL EDUCATION SAVINGS ACCOUNT CUSTODIAL

ACCOUNT AGREEMENT Article I

The Custodian may accept additional contributions. These contributions may be from the Depositor, the Responsible Individual, or from any other individual or entity, for the benefit of the Designated Beneficiary, provided the Designated Beneficiary has not attained the age of 18 as of the date such contributions are made. (The age limitations set forth in the preceding sentence shall not apply to any Designated Beneficiary with "special needs" (as determined under Internal Revenue Service regulations). Total contributions that are not rollover contributions

described in section 530(d)(5) of the Internal Revenue Code (the "Code") are limited to a maximum amount of $2,000 for taxable years beginning on or after January 1, 2002 ($500 for taxable years prior to 2002).

Article II

The maximum aggregate contribution that the Depositor, Responsible Individual or an individual may make to the custodial account in any year may not exceed the $2,000 limitation ($500 for years prior to 2002) in total contributions as set forth in Article I. In addition, in the case where the contributor is an individual, the maximum aggregate contribution that the individual may make to the custodial account in any year is phased out for unmarried individuals who have modified adjusted gross income ("modified AGI") between $95,000 and $110,000 for the year of the contribution and for married individuals who file joint returns (a) with modified AGI between $190,000 and $220,000 for the year of the contribution for taxable years beginning on or after January 1, 2002 or (b) with modified AGI between $150,000 and $160,000 for taxable years prior to 2002. Unmarried individuals with modified AGI above $110,000 for the year and married individuals who file joint returns and have modified AGI above the limits set forth in the preceding sentence ($220,000 for tax years beginning on or after January 1, 2002 and $160,000 for tax years prior to 2002) may not make a contribution for that year. For purposes of this Agreement, the term "modified AGI" is as defined in section 530(c)(2) of the Code.

Article III

No part of the custodial account 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 investment fund (within the meaning of section 530(b)(1)(D) of the Code).

Article IV

1. Any balance to the credit of the Designated Beneficiary on the date on which such Designated Beneficiary attains age 30 shall be distributed to the Designated Beneficiary within 30 days of such date. The age restriction is waived for a child with "special needs."

2. Any balance to the credit of the Designated Beneficiary shall be distributed to the estate of the

Designated Beneficiary within 30 days of the date of such Designated Beneficiary's death.

Article V

The Responsible Individual shall have the power to direct the Custodian regarding the investment of the custodial account (including earnings thereon) in the investment choices offered by the Custodian, as well as the power to direct the Custodian regarding the investment of all additional contributions (including earnings thereon) to the custodial account. The Responsible Individual also shall have the power to direct the Custodian regarding the administration, management, and distribution of the account.

Article VI

The "Responsible Individual" for purposes of this Agreement shall be a parent or guardian of the Designated Beneficiary. The custodial account shall have only one Responsible Individual at any time. If the Responsible Individual becomes incapacitated or dies while the Designated Beneficiary is a minor under state law, the successor Responsible Individual shall be the person named to succeed in that capacity by the preceding responsible individual in a witnessed writing or, if no successor is so named, the successor Responsible Individual shall be the Designated Beneficiary's other parent or successor guardian. At the time that the Designated Beneficiary attains the age of majority under state law, the Designated Beneficiary becomes the Responsible Individual.

Article VII

The Responsible Individual may change the Designated Beneficiary under this Agreement to another member of the Designated Beneficiary's family described in section 529(e)(2) of the Code in accordance with the Custodian's procedures.

Article VIII

1. The Responsible Individual agrees to provide the Custodian with the information necessary for the Custodian to prepare any reports required under section 530(n) of the Code.

2. The Custodian agrees to submit reports to the Internal Revenue Service and the Responsible Individual as prescribed by the Internal Revenue Service.

Article IX

Notwithstanding any other articles that may be added or incorporated, the provisions of Articles I through IV will be controlling. Any additional articles that are not consistent with section 530 of the Code and related regulations will be invalid.

Article X

This Agreement will be amended from time to time to comply with the provisions of the Code and related regulations. Other amendments may be made with the consent of the Responsible Individual and the Custodian.

Article XI

Definitions and Additional Provisions

1. Purpose of the Custodial Account. The Coverdell Education Savings Account Custodial Account is a custodial account agreement intended to meet the requirements of section 530(a) of the Code. A Coverdell Education Savings Account ("CESA") is established after the Account Application for the CESA is fully executed by the Responsible Individual and accepted by the Custodian. This account must be created in the United States for the exclusive purpose of paying the qualified education expenses of the Designated Beneficiary.

2. Custodian. The Custodian is Prudential Trust Company or any successor designated by the Custodian, provided that, in all cases, the Custodian must be a bank or savings and loan association, as defined in section 408(n) of the Code, or any person who has the approval of the Internal Revenue Service to act as Custodian. Any person who may serve as a Custodian of a traditional IRA may serve as the Custodian of a CESA. The Custodian of the CESA has provided the Responsible Individual with a concise statement disclosing the provisions governing section 530 of the Code. This disclosure statement must include an explanation of the statutory requirements applicable to, and the income tax consequences of establishing and maintaining an account under section 530. For the purposes of providing such disclosures and forms, the Custodian may direct one of its affiliates to distribute such materials on its behalf.

3. Depositor. The Depositor whose name appears on the Account Application for the CESA is establishing an Education Savings Account custodial account

under section 530 of the Code for the benefit of the Designated Beneficiary whose name appears thereon exclusively to pay for the qualified education expenses, within the meaning of section 530(b)(2) of the Code, of such Designated Beneficiary. For purposes of this Agreement, the Responsible Individual may also be the Depositor.

4. Designated Beneficiary. The Designated Beneficiary is the person on whose behalf the custodial account has been established.

5. Responsible Individual. The Responsible Individual is as set forth in Article VI. In addition to the provisions and powers enumerated above, under the terms of this Agreement the Responsible Individual may change the Designated Beneficiary to a new Designated Beneficiary as long as the new Designated Beneficiary is a member of the previous Designated Beneficiary's family (within the meaning of section 529(e)(2) of the Code) who has not attained age 30 at the time of such redesignation or who has been identified as having "special needs". The Responsible Individual may designate a new beneficiary at any time without limitation on the number of times such redesignation may be so made in any given year, subject to any restrictions or limitations by the Custodian.

6. Identification Numbers. The Depositor's and Designated Beneficiary's federal Social Security numbers will serve as their identification numbers. If the Depositor is a nonresident alien and does not have an identification number, the Depositor must write "Foreign" in the block where the number is requested. The Designated Beneficiary's Social Security number is the identification number of his or her CESA. An employer identification number ("EIN") is required only for a CESA for which a return is filed to report unrelated business income. An EIN is required for a common fund created for CESAs.

7. Arbitration. Any controversy arising out of or relating to the CESA established by the Depositor, to transactions with or for the Depositor, Responsible Individual or the Designated Beneficiary, or to this Agreement or the breach thereof, and whether executed or to be executed within or outside the United States, shall be settled by arbitration in accordance with the rules of either the NASD, AMEX, or the Board of Governors of the New York Stock

Exchange as the Responsible Individual may elect. If the Responsible Individual does not make such election by registered mail addressed to the Custodian at its main office within five (5) days after demand by the Custodian that the Responsible Individual make such election, then the Custodian shall make such election. Notice preliminary to, in conjunction with, or incident to such arbitration proceedings may be sent to the Depositor by mail, and personal service is hereby waived. Judgment upon any award rendered by the arbitrators may be entered in any court having jurisdiction thereof, without notice to the Responsible Individual. The parties (and the Designated Beneficiary, through the Consent of the Depositor and/or Responsible Individual) hereby acknowledge :

(a) Arbitration is final and binding on the parties;

(b) The parties (and the Designated Beneficiary, through the Consent of the Depositor and/or Responsible Individual) 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 arbitrator's 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; and

(e) The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.

8. Applicable Law: This Agreement shall be construed in accordance with the requirements of New Jersey law and, to the degree applicable, the provisions of the Code.