Common use of Market Information Clause in Contracts

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping and settlement ------------------------------------- practices and procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating history and ----------------------------- structure of depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State Street ------------------- Bank and Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian contracts State Street ----------------------- Bank and Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services.

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and ------------------------------------- settlement ------------------------------------- practices and (annually) procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating history ----------------------------- and ----------------------------- structure of (annually) depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State Street Bank ------------------- Bank and (annually) Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State Street Bank ----------------------- Bank and (annually) Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services.. Foreign Custody Advisories With respect to markets in which State Street Bank and Trust (as necessary): Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service. SCHEDULE D LIST OF FUNDS,CONTRACTS AND AGREEMENTS Fund Name Execution Date --------- -------------- Cash Accumulation Trust December 12, 1997 Command Government Fund July 1, 1990 Command Money Fund July 1, 1990 Command Tax-Free Fund July 1, 1990 The Global Total Return Fund, Inc. September 5, 1990 (formerly The Global Yield Fund, Inc.) Prudential 20/20 Focus Fund April 14, 1998 Prudential California Municipal Fund August 1, 1990 Prudential Developing Markets Fund June 1, 1998 Prudential Distressed Securities Fund, Inc. February 8, 1996 Prudential Diversified Bond Fund, Inc. January 3, 1995 Prudential Diversified Funds September 2, 1998 Prudential Emerging Growth Fund, Inc. October 21, 1996 Prudential Equity Fund, Inc. August 1, 1990 Prudential Global Limited Maturity Fund, Inc. October 25, 1990 (formerly Prudential Short-Term Global Income Fund, Inc.) Prudential Government Income Fund, Inc. July 31, 1990 (formerly Prudential Government Plus Fund) Prudential Government Securities Trust July 26, 1990 Prudential High Yield Fund, Inc. July 26, 1990 Prudential High Yield Total Return Fund, Inc. May 30, 1997 Prudential International Bond Fund, Inc. January 16, 1996 (formerly The Global Government Plus Fund, Inc.) The Prudential Investment Portfolios Fund, Inc. October 27, 1995 (formerly Prudential Xxxxxxxx Series Fund, Inc.) Prudential Mid-Cap Value Fund April 14, 1998 Prudential MoneyMart Assets, Inc. July 25, 1990 Prudential Mortgage Income Fund, Inc. August 1, 1990 (formerly Prudential GNMA Fund, Inc.) Prudential Multi-Sector Fund, Inc. June 1, 1990 Prudential Municipal Series Fund August 1, 1990 Prudential National Municipals Fund, Inc. July 26, 1990 Prudential Pacific Growth Fund, Inc. July 16, 1992 Prudential Real Estate Securities Fund February 18, 1998 Prudential Small Cap Quantum Fund, Inc. August 1, 1997 Prudential Small Company Value Fund, Inc. July 26, 1990 (formerly Prudential Growth Opportunity Fund, Inc.) Prudential Special Money Market Fund, Inc. January 12, 1990 Prudential Structured Maturity Fund, Inc. July 25, 1989 Prudential Tax-Free Money Fund, Inc. July 26, 1990 Prudential Utility Fund, Inc. June 6, 1990 Prudential World Fund, Inc. June 7, 1990 (formerly Prudential Global Fund, Inc.) The Target Portfolio Trust November 9, 1992 Global Utility Fund, Inc. December 21, 1989 Xxxxxxxx-Xxxxxxxxx Fund, Inc. April 10, 1987 Prudential Balanced Fund September 4, 1987 Prudential Equity Income Fund January 6, 1987 Prudential Global Genesis Fund, Inc. October 21, 1987 Prudential Institutional Liquidity Portfolio, Inc. November 20, 1987 Prudential Intermediate Global Income Fund, Inc. May 19, 1988 Prudential Municipal Bond Fund August 25, 1987 Prudential Natural Resources Fund, Inc. September 18, 1987 Prudential Tax-Managed Equity Fund December 8, 1998 The Asia Pacific Fund April 24, 1987 Duff & Xxxxxx Utilities Tax-Free Income Fund, Inc. November 21, 1991 First Financial Fund, Inc. May 1, 1986 The High Yield Income Fund, Inc. November 6, 1987 The High Yield Plus Fund, Inc. March 15, 1988

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and settlement practices ------------------------------------- practices and procedures in each market in which State Street (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating history and ----------------------------- structure of depositories and subcustodians located - (annually) in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State Street ------------------- Bank and Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollarsdolIars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State Street ----------------------- Bank and Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services.. Foreign Custody Advisories (as necessary) With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service. SCHEDULE D LIST OF FUNDS, CONTRACTS AND AGREEMENTS Fund Name Execution Date --------- -------------- Cash Accumulation Trust December 12, 1997 Liquid Assets Fund National Money Market Fund COMMAND Government Fund July 1, 1990 COMMAND Money Fund July 1, 1990 COMMAND Tax-Free Fund July 1, 1990 Duff & Xxxxxx Utilities Tax-Free Income Fund, Inc. November 21, 1991 First Financial Fund, Inc. May 1, 1986 Global Utility Fund, Inc. December 21, 1989 Xxxxxxxx-Xxxxxxxxx Fund, Inc. April 10, 1987 Xxxxxxxx-Xxxxxxxxx Growth Equity Fund Prudential Balanced Fund September 4, 1987 Prudential California Municipal Fund August 1, 1990 California Series California Income Series California Money Market Series Prudential Core Investment Fund April 23, 1999 Short-Term Bond Series Short-Term Municipal Bond Series National Municipal Money Market Series Taxable Money Market Series Government Money Market Series Treasury Money Market Series Prudential Developing Markets Fund June 1, 1998 Prudential Developing Markets Equity Fund Prudential Latin America Equity Fund Prudential Diversified Funds September 2, 1998 Prudential Diversified Conservative Growth Fund Prudential Diversified Moderate Growth Fund Prudential Diversified High Growth Fund Prudential Emerging Growth Fund, Inc. October 21, 1996 Prudential Equity Fund, Inc. August 1, 1990 Prudential Equity Income Fund January 6, 1987 Prudential Europe Growth Fund, Inc. May 31, 1999 Prudential Global Genesis Fund, Inc. October 21, 1987 Prudential Global Total Return Fund, Inc. September 5, 1990 (formerly The Global Total Fund, Inc.) Fund Name Execution Date --------- -------------- Prudential Government Income Fund, Inc. July 31, 1990 (formerly Prudential Government Plus Fund) Prudential Government Securities Trust July 26, 1990 Money Market Series Short-Intermediate Term Series U.S. Treasury Money Market Series Prudential High Yield Fund, Inc. July 26, 1990 Prudential High Yield Total Return Fund, Inc. May 30, 1997 Prudential Index Series Fund August 26, 1997 (formerly Prudential Institutional Fund) Prudential Bond Market Index Fund Prudential Europe Index Fund Prudential Pacific Index Fund Prudential Small-Cap Index Fund Prudential Stock Index Fund Prudential Institutional Liquidity Portfolio, Inc. November 20, 1987 Prudential International Bond Fund, Inc. January 16, 1996 (formerly The Global Government Plus Fund, Inc.) Prudential Mid-Cap Value Fund April 14, 1998 Prudential MoneyMart Assets, Inc. July 25, 1990 Prudential Municipal Bond Fund August 25, 1987 High Income Series Insured Series Prudential Municipal Series Fund August 1, 1990 Florida Series Massachusetts Series New Jersey Series New York Series North Carolina Series Ohio Series Pennsylvania Series Connecticut Money Market Series Massachusetts Money Market Series New Jersey Money Market Series New York Money Market Series Prudential National Municipal Funds, Inc. July 26, 1990 Prudential Natural Resources Fund, Inc. September 18, 1987 Prudential Pacific Growth Fund, Inc. July 16, 1992 Prudential Real Estate Securities Fund February 18, 1998

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The --- Guide to Custody in World Markets An overview of saftekeeping safekeeping and settlement ------------------------------------- --------------------------------- practices and procedures in each (annually) market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating ----------------------------- history and ----------------------------- structure of depositories and (annually) subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State ------------------- Street ------------------- Bank and Trust Company offers (annually) custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Sub- Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State ----------------------- Street ----------------------- Bank and Trust Company has entered (annually) into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services.

Market Information. PublicationPulication/Type of Information Brief Description ------------------------------------- ------------------- ------------------ ----------------- Information (Frequency) ----------------------- The Guide to Custody in ----------------------- World Markets (annually): An overview of saftekeeping safekeeping and settlement ------------------------------------- ------------- practices and procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network The Depository Review --------------------- (annually): Information relating to the operating history and ----------------------------- structure of depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey legal opinions (annually): With respect to each market in which State Street ------------------- Bank and Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Sub- Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian contracts State Street ----------------------- Bank and Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services.. Foreign Custody Advisories (as necessary): With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service. ADDENDUM TO CUSTODIAN CONTRACT ------------------------------

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and settlement ------------------------------------- practices and procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating history and ----------------------------- structure of ----------------------------- depositories and subcustodians located - in the markets in (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State Street ------------------- Bank and ------------------- Trust Company offers custodial services, opinions relating to (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Sub- Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State Street ----------------------- Bank and ----------------------- Trust Company has entered into with each subcustodian in the (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services. Foreign Custody Advisories (as necessary): With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service.

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and (annually) settlement ------------------------------------- practices and procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the (annually) operating history and ----------------------------- structure of depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in (annually) which State Street ------------------- Bank and Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian (annually) contracts State Street ----------------------- Bank and Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services.. Foreign Custody Advisories (as With respect to markets in which necessary): State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service. SCHEDULE D to Master Custodian Agreement Special Sub-Custodians ---------------------- None

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and ------------------------------------- (annually) settlement ------------------------------------- practices and procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the ----------------------------- operating history and ----------------------------- structure (annually) of depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in ------------------- which State Street ------------------- Bank and (annually) Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Sub- Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Sub- Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian ----------------------- contracts State Street ----------------------- Bank and (annually) Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services. Foreign Custody Advisories (as necessary): With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service. DATA ACCESS SERVICES ADDENDUM ----------------------------- AGREEMENT between Holland Series Fund, Inc. (the "Customer") and State Street Bank and Trust Company ("State Street").

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and settlement ------------------------------------- practices and (annually) procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating history and ----------------------------- structure of (annually) depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey (annually) With respect to each market in which State Street ------------------- Bank and Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State Street ----------------------- Bank and (annually) Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services. Foreign Custody Advisories (as necessary): With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service.

Market Information. PublicationPUBLICATION/Type of Information Brief Description ------------------------------------- ------------------- TYPE OF INFORMATION (FrequencySCHEDULED FREQUENCY) BRIEF DESCRIPTION ---------------------------------------------------------------------------------------------------- The Guide to Custody in World Markets An overview of saftekeeping settlement and settlement ------------------------------------- safekeeping (hardcopy annually and regular website updates) procedures, custody practices and procedures in each market foreign investor considerations for the markets in which (annually) State Street Bank and Trust Company offers custodial services. ---------------------------------------------------------------------------------------------------- Global Custody Network Review Information relating to the operating history and ----------------------------- structure of depositories and subcustodians located - in the markets Foreign Sub-Custodians (annually) in which State Street's Global Custody Network. The Review stands as an integral part of the materials that State Street Bank provides to its U.S. mutual fund clients to assist them in complying with SEC Rule 17f-5. The Review also gives insight into State Street's market expansion and Trust Company offers custodial servicesForeign Sub-Custodian selection processes, including transnational depositoriesas well as the procedures and controls used to monitor the financial condition and performance of our Foreign SubCustodian banks ---------------------------------------------------------------------------------------------------- Securities Depository Review Custody risk analyses of the Foreign Securities (annually) Depositories presently operating in Network markets. This publication is an integral part of the materials that State Street provides to its U.S. mutual fund clients to meet informational obligations created by SEC Rule 17f-7. ---------------------------------------------------------------------------------------------------- Global Legal Survey With respect to each market in which State Street ------------------- Bank and Trust Company (annually) offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Funda fund's ability to recover in the event of bankruptcy or insolvency of a Foreign foreign Sub-Custodian or Foreign Securities System, (iii) the Funda fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- Subcustodian Agreements Copies of the Subcustodian contracts that State Street ----------------------- Bank and Trust Company has (annually) services. entered into with each (annually) subcustodian Foreign Sub-Custodian that maintains U.S. mutual fund assets in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network custodial ---------------------------------------------------------------------------------------------------- Global Market Bulletin (weekly): Developments of interest to investors daily or as Information on changing settlement and custody necessary) conditions in the markets in which where, State Street Bank and Trust Company offers custodial services.. Includes changes in market and tax regulations, depository developments, dematerialization information, as well as other market changes that may impact State Street's clients. ---------------------------------------------------------------------------------------------------- Foreign Custody Advisories For those markets where State Street offers (as necessary) custodial services that exhibit special risks or infrastructures impacting custody, State Street issues market advisories to highlight those unique market factors which might impact our ability to offer recognized custody service levels. ---------------------------------------------------------------------------------------------------- Material Change Notices Informational letters and accompanying (presently on a quarterly basis or as materials confirming State Street's foreign otherwise necessary) custody arrangements, including a summary of material changes with Foreign Sub-Custodians that have occurred during the previous quarter. The notices also identify any material changes in the custodial risks associated with maintaining assets with Foreign Securities Depositories. ---------------------------------------------------------------------------------------------------- SCHEDULE D ---------------------------------------------------------------------------------------------------- FUND NAME EXECUTION DATE DATE OF DECLARATION OF TRUST* ---------------------------------------------------------------------------------------------------- CASH ACCUMULATION TRUST 12-Dec-97 27-Apr-84 Liquid Assets Fund National Money Market Fund ---------------------------------------------------------------------------------------------------- COMMAND GOVERNMENT FUND 1-Jul-90 18-Aug-81 ---------------------------------------------------------------------------------------------------- COMMAND MONEY FUND 1-Jul-90 5-Jun-81 ---------------------------------------------------------------------------------------------------- COMMAND TAX-FREE FUND 1-Jul-90 5-Jun-81 ---------------------------------------------------------------------------------------------------- DUFF & PHELPS UTILITIES TAX-FREE 21-Nov-91 INCOME FUND, INC. ---------------------------------------------------------------------------------------------------- FIRST FINANCIAL FUND, INC. 1-May-86 ---------------------------------------------------------------------------------------------------- GLOBAL UTILITY FUND, INC. 21-Dec-89 ---------------------------------------------------------------------------------------------------- NICHOLAS-APPLEGATE FUND, INC. 10-Apr-87 Nicholas-Applegate Gxxxxx Xxxxxx Xxxx ---------------------------------------------------------------------------------------------------- PRUDENTIAL CALIFORNIA MUNICIPAL 1-Aug-90 18-May-84 FUND California Series California Income Series California Money Market Series ---------------------------------------------------------------------------------------------------- PRUDENTIAL CORE INVESTMENT FUND 23-Apr-99 25-May-99 Short-Term Bond Series Short-Term Municipal Bond Series National Municipal Money Market Series Taxable Money Market Series Government Money Market Series Treasury Money Market Series ---------------------------------------------------------------------------------------------------- PRUDENTIAL DIVERSIFIED FUNDS 2-Sep-98 29-Jul-98 Prudential Diversified Conservative Growth Fund Prudential Diversified Moderate Growth Fund Prudential Diversified High Growth Fund ---------------------------------------------------------------------------------------------------- PRUDENTIAL EQUITY FUND, INC. 1-Aug-90 ---------------------------------------------------------------------------------------------------- PRUDENTIAL EUROPE GROWTH FUND, 31-May-99 INC. ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------- * if applicable ---------------------------------------------------------------------------------------------------- PRUDENTIAL GLOBAL TOTAL RETURN 5-Sep-90 FUND, INC.(1) ---------------------------------------------------------------------------------------------------- PRUDENTIAL GOVERNMENT INCOME 31-Jul-90 FUND, INC.(2) ---------------------------------------------------------------------------------------------------- PRUDENTIAL GOVERNMENT SECURITIES 26-Jul-90 22-Sep-81 TRUST Money Market Series Short-Intermediate Term Series US Treasury Money Market Series ---------------------------------------------------------------------------------------------------- PRUDENTIAL HIGH YIELD FUND, INC. 26-Jul-90 ---------------------------------------------------------------------------------------------------- PRUDENTIAL HIGH YIELD TOTAL RETURN FUND, INC. 30-May-97 ---------------------------------------------------------------------------------------------------- PRUDENTIAL INDEX SERIES FUND(3) 24-Sep-97 11-May-92 Prudential Bond Market Index Fund Prudential Europe Index Fund Prudential Pacific Index Fund Prudential Small-Cap Fund Prudential Stock Index Fund ---------------------------------------------------------------------------------------------------- PRUDENTIAL INSTITUTIONAL 20-Nov-87 LIQUIDITY PORTFOLIO, INC. Institutional Money Market Series ---------------------------------------------------------------------------------------------------- PRUDENTIAL INTERNATIONAL BOND 16-Jan-96 FUND, INC.(4) ---------------------------------------------------------------------------------------------------- PRUDENTIAL MONEYMART ASSETS, INC. 25-Jul-90 ---------------------------------------------------------------------------------------------------- PRUDENTIAL MUNICIPAL BOND FUND 25-Aug-87 3-Nov-86 High Income Series Insured Series ---------------------------------------------------------------------------------------------------- PRUDENTIAL MUNICIPAL SERIES FUND 1-Aug-90 18-May-84 Florida Series New Jersey Series New York Series Pennsylvania Series Connecticut Money Market Series Massachusetts Money Market Series New Jersey Money Market Series ---------------------------------------------------------------------------------------------------- ------------------------------ (1) formerly Global Total Return Fund, Inc.

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and settlement ------------------------------------- practices and ------------------------------------- procedures in each market in which (annually) State Street Bank and Trust (annually) Company offers custodial services. Global Custody Network Review Information relating to the operating history and ----------------------------- structure of ----------------------------- depositories and subcustodians located - in the markets s in which (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State Street ------------------- Bank and Trust ------------------- Company offers custodial services, (annually) opinions relating to whether (annually) local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State Street ----------------------- Bank and Trust ----------------------- Company has entered into with each (annually) subcustodian in the markets in (annually) which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services. Foreign Custody Advisories (as necessary): With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service.

Market Information. Publication/Type of Information Brief Description ------------------------------------- ------------------- ------------------------------- ----------------- (Frequency) The Guide to Custody in World Markets An overview of saftekeeping safekeeping and settlement ------------------------------------- practices and (annually) procedures in each market in which (annually) State Street Bank and Trust Company offers custodial services. Global Custody Network Review Information relating to the operating history and ----------------------------- structure of (annually) depositories and subcustodians located - in the markets (annually) in which State Street Bank and Trust Company offers custodial services, including transnational depositories. Global Legal Survey With respect to each market in which State Street ------------------- Bank and (annually) Trust Company offers custodial services, (annually) opinions relating to whether local law restricts (i) access of a fund's independent public accountants to books and records of a Foreign Sub-Custodian or Foreign Securities System, (ii) the Fund's ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) the Fund's ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars. Subcustodian Agreements Copies of the Subcustodian subcustodian contracts State Street ----------------------- Bank and (annually) Trust Company has entered into with each (annually) subcustodian in the markets in which State Street Bank and Trust Company offers subcustody services to its US mutual fund clients. Network Bulletin Bulletins (weekly): Developments of interest to investors in the markets in which State Street Bank and Trust Company offers custodial services. Foreign Custody Advisories (as necessary): With respect to markets in which State Street Bank and Trust Company offers custodial services which exhibit special custody risks, developments which may impact State Street's ability to deliver expected levels of service.