In investing, it’s not how much you make, it’s how much you get to keep Over the last ten years, taxable mutual fund investors have lost each year, on average, 20% to 38% of their load-adjusted returns to taxes.1 Tax sensitive funds can offer your clients a big advantage About half of the mutual fund industry’s $7.581 trillion in assets is held outside of tax-exempt programs. 1 Of the $3.755 trillion held in taxable accounts, only $40 billion has been allocated to tax-managed funds.1 JennisonDryden offers 2 tax sensitive funds to help your clients maximize their after-tax returns. Dryden Large-Cap Core Equity Ranked in the top 15% for the 1- and 3-year periods, and in the top 32% for the 5-year time period of the Lipper Large-Cap Core Fund category, as of 3/31/05. Has outpaced the S&P 500 Index for the past 1-, 3-, 5-year and since inception periods as of 3/31/2005. Has not paid any taxable capital gain distribution since its inception. Annualized Returns * Fund Inception:3/3/1999 Dryden Large-Cap Core Equity Fund’s Lipper category is large-cap core funds (123 out of 908 funds for the 1-yr period; 57 out of 774 funds for the 3-yr period;188 out of 596 funds for the 5-yr period; 10-yr periods, N/A). Mutual Funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value

Dryden Small-Cap Core Equity Ranked in the top 9%, 23% and 32% for the 1-, 3- and 5-year time periods, respectively, versus the Lipper Small-Cap Core Fund category, as of 3/31/05. Has outpaced the S&P 600 Index for the past 1-, 3- and 5-year periods as of 3/31/2005. Has not paid any taxable distributions since Quantitative Management Associates took over management of the fund in May 2000. Annualized Returns * Fund Inception:11/10/1997 Dryden Small-Cap Core Equity Fund’s Lipper category is small-cap core funds (51 out of 572 funds for the 1-yr period; 108 out of 472 funds for the 3-yr period;101 out of 323 funds for the 5-yr period; 10-yr periods, N/A). Past performance is no guarantee of future results and current performance may be lower or higher than the past performance data quoted. Investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the most recent month-end performance update visit our website at www.jennisondryden.com. The maximum sales charge is 5.5%. The Dryden Large-Cap Core and Small-Cap Core funds may invest in foreign securities, which are subject to the risks of currency fluctuation and the impact of social, political and economic change. The funds may also invest in derivative securities, which carry market, credit and liquidity risks. Small-cap stocks, which have limited marketability may be subject to more abrupt or erratic movements than large-cap stocks. For more information about the JennisonDryden Large-Cap Core and Small-Cap Core Funds, see the prospectus. Your clients should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. The prospectus will contain this and other information about the investment company. Your clients should read the prospectus carefully before investing. 1. Source: Lipper Research Studies Taxes in the Mutual Fund Industry--2005: Assessing the Impact of Taxes on Shareholders' Returns - 5/2/2005 For Financial Professional Use Only. Not For Use With the Public. IFS-A????? Ed. 5/2005 Mutual Funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value