AMENDMENT TO SUBADVISORY AGREEMENT
PRUDENTIAL REAL ESTATE SECURITIES FUND
AMENDMENT made as of this 1st day of January, 2000, between Prudential
Investments Fund Management LLC ("PIFM"), and The Prudential Investment
Corporation ("PIC").
WHEREAS, PIFM, either itself or as successor to Prudential Investments
Fund Management, Inc., and PIC have entered into a Subadvisory Agreement (the
"Agreement") dated February 18, 1998, with respect to the management of
Prudential Real Estate Securities Fund (the "Fund"); and
WHEREAS, the Agreement provides that PIC shall provide investment
advisory services to the Fund, subject to oversight by PIFM; and
WHEREAS, PIFM and PIC desire to amend the Agreement with respect to the
compensation to be paid by PIFM to PIC for services provided by PIC pursuant to
the Agreement.
NOW, THEREFORE, for and in consideration of the continuation of the
Agreement for its current term, and other good and valuable consideration,
PIFM and PIC hereby amend the Agreement to provide for the compensation to be
paid by PIFM to PIC at the annual rate of .375 of 1% of the Fund's average
daily net assets effective as of January 1, 2000, for the same term,
including renewals, as the Agreement and upon the same terms and conditions
as described in the Agreement.
IN WITNESS WHEREOF, PIMS and PIC have signed this Amendment as of the
day and year first above written.
PRUDENTIAL INVESTMENTS THE PRUDENTIAL INVESTMENT
FUND MANAGEMENT LLC CORPORATION
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxxxxxx
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Name: Xxxxxx X. Xxxxx Name: Xxxx X. Xxxxxxxxxx
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Title: Executive Vice President Title: President
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