0000067590-11-000664 Sample Contracts

AMENDMENT TO SUBADVISORY AGREEMENT
Target Asset Allocation Funds • September 28th, 2011

AMENDMENT made as of the 1st day of October, 2011 to the Subadvisory Agreement dated December 13, 2008 (the “Agreement”) between Prudential Investments LLC (PI), a New York limited liability company and Massachusetts Financial Services Company (the Subadviser or MFS), a Delaware corporation. In consideration of the mutual convenants contained herein, the parties agree as follows:

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THE TARGET ASSET ALLOCATION FUNDS Target Conservative Allocation Fund Target Moderate Allocation Fund Target Growth Allocation Fund SUBADVISORY AGREEMENT
Subadvisory Agreement • September 28th, 2011 • Target Asset Allocation Funds

Agreement made as of this 13th day of December, 2008 between Prudential Investments LLC (PI or the Manager), a New York limited liability company and Massachusetts Financial Services Company (the Subadviser or MFS), a Delaware corporation. WHEREAS, the Manager has entered into a Management Agreement, dated May 25, 2004, (the Management Agreement) with The Target Asset Allocation Funds, a Delaware statutory trust (the "Trust") and a diversified, open-end, management investment company registered under the Investment Company Act of 1940, as amended (the 1940 Act), pursuant to which PI acts as Manager of the Trust; and WHEREAS, the Manager desires to retain the Subadviser to provide investment advisory services to the Target Conservative Allocation Fund, Target Moderate Allocation Fund and Target Growth Allocation Fund (individually and collectively referred to hereafter as the Fund), which are each a series of the Trust, and to manage such portion of the Fund's portfolio as the Man

Amendment No.1 to Subadvisory Agreement THE TARGET ASSET ALLOCATION FUNDS Target Conservative Allocation Fund Target Moderate Allocation Fund Target Growth Allocation Fund
Subadvisory Agreement • September 28th, 2011 • Target Asset Allocation Funds

Amendment No.1 dated December 13,2008, to the Subadvisory Agreement dated December 13,2008 (the "Subadvisory Agreement") between Prudential Investments LLC ("PI") and Massachusetts Financial Services Company ("MFS" or the "Subadviser"). WHEREAS, PI and MFS have entered into the Subadvisory Agreement, and wish to set forth certain responsibilities of PI and MFS in connection with the appointment by PI, acting as investment manager of the mutual funds identified in Annex I (each, the "Fund"), of a transition broker/dealer ("transition manager") selected and supervised by PI in connection with the sale and purchase by the Fund of certain securities during the Fund's transition period defined below. NOW THEREFORE, PI and MFS hereby agree as follows:

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