Prudential Investment Portfolios 18 NPX Annual report of proxy voting record

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08587

Jennison 20/20 Focus Fund

(Exact name of registrant as specified in charter)

100 Mulberry Street, Gateway Center Three, 4^th Floor, Newark, NJ 07102

(Address of principal executive offices) (Zip Code)

Jonathan D. Shain, Esq.

100 Mulberry Street, Gateway Center Three, 4^th Floor, Newark, NJ 07102

(Name and address of agent for service)

Registrant’s telephone number, including area code: 973-802-6469

Date of fiscal year-end: January 31, 2005

Date of reporting period: June 30, 2005

Item 1. Proxy Voting Record

In determining votes against management, any ballot that management did not make a recommendation is considered to be ‘FOR’ regardless of the vote cast. Any ‘Abstain’ vote cast is considered as voted, and to be against the management recommendation.

Form N-PX Proxy Voting Record 7/1/2004—9/30/2004

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: Jennison 20/20 Focus Fund - Growth

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Electronic Arts Inc

ERTS

285512109

7/29/2004

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

2.00 Add Shares to Stock Incentive Plan

MGMT

YES

FOR

3.00 Add shares to employee stock purchase plan

MGMT

YES

FOR

4.00 Eliminate dual class common stock

MGMT

YES

FOR

5.00 Increase authorized common stock

MGMT

YES

FOR

6.00 Ratify selection of auditors

MGMT

YES

FOR

Page 1 of 25

Form N-PX Proxy Voting Record 10/1/2004—12/31/2004

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lauder (Estee) Cosmetics Inc

518439104

11/5/2004

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

Page 2 of 25

Form N-PX Proxy Voting Record 1/1/2005—3/31/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Agilent Technologies Inc

00846U101

3/1/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Approve annual bonus plan

MGMT

YES

FOR

Starbucks Corp

SBUX

855244109

2/9/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

2.00 Adopt Stock Incentive Plan

MGMT

YES

FOR

3.00 Ratify selection of auditors

MGMT

YES

FOR

4.00 SP-Review global labor practices

SHLDR

YES

AGNST

FOR

Page 3 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

American Express

AXP

025816109

4/27/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

1.12 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

4.00 SP-Review political spending or lobbying

SHLDR

YES

AGNST

FOR

Page 4 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Apple Computer Inc

AAPL

037833100

4/21/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

2.00 Adopt the 2005 Performance Bonus Plan

MGMT

YES

FOR

3.00 Adopt the Stock Incentive Plan

MGMT

YES

FOR

4.00 Add shares to the Employee Stock Purchase Plan

MGMT

YES

FOR

5.00 Ratify selection of auditors

MGMT

YES

FOR

6.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

Genentech Inc

DNA

368710406

4/14/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

Page 5 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Google Inc

GOOG

38259P508

5/12/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Amend Stock Incentive Plan

MGMT

YES

FOR

Page 6 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Intel Corp

INTC

458140100

5/18/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Adopt the 2004 Equity Incentive Plan

MGMT

YES

AGNST

4.00 Amend annual bonus plan

MGMT

YES

FOR

Page 7 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

JPMorgan Chase & Co

JPM

46625H100

5/17/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

1.12 Elect Directors

MGMT

YES

FOR

1.13 Elect Directors

MGMT

YES

FOR

1.14 Elect Directors

MGMT

YES

FOR

1.15 Elect Directors

MGMT

YES

FOR

1.16 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Adopt the 2005 Long-Term Incentive Plan

MGMT

YES

AGNST

4.00 SP-Director tenure/retirement age

SHLDR

YES

AGNST

FOR

5.00 SP-Independent board chairman

SHLDR

YES

AGNST

FOR

6.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

7.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

Page 8 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lilly (Eli) & Co

LLY

532457108

4/18/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 SP-Independent board chairman

SHLDR

YES

AGNST

FOR

4.00 SP-Review drug pricing or distribution

SHLDR

YES

AGNST

FOR

5.00 SP-Review drug pricing or distribution

SHLDR

YES

AGNST

FOR

6.00 SP-Review political spending or lobbying

SHLDR

YES

AGNST

FOR

7.00 SP-Award performance-based stock options

SHLDR

YES

AGNST

FOR

8.00 SP-Review or promote animal welfare

SHLDR

YES

AGNST

FOR

Marvell Technology Group Ltd

MRVL

G5876H105

6/10/2005

Annual

Adviser: Jennison Associates

1.00 Elect Directors

MGMT

YES

FOR

2.00 Appoint auditors and set their fees

MGMT

YES

FOR

Merrill Lynch & Co

MER

590188108

4/22/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Adopt the Deferred Stock Unit Plan for Non-Employee Directors

MGMT

YES

AGNST

4.00 SP-Adopt cumulative voting

SHLDR

YES

AGNST

FOR

5.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

Page 9 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Target Corp

TGT

87612E106

5/18/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

Whole Foods Market Inc

WFMI

966837106

4/4/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Increase authorized common stock

MGMT

YES

FOR

4.00 Add shares to the 1992 Incentive Stock Option Plan for Team Members

MGMT

YES

FOR

5.00 SP-Review or curb bioengineering

SHLDR

YES

AGNST

FOR

6.00 SP-Redeem or vote on poison pill

SHLDR

YES

AGNST

FOR

Page 10 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - GROWTH

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Yahoo Inc

YHOO

984332106

5/19/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

2.00 Amend Stock Incentive Plan

MGMT

YES

AGNST

3.00 Amend Director Stock Incentive Plan

MGMT

YES

AGNST

4.00 Ratify selection of auditors

MGMT

YES

FOR

Page 11 of 25

Form N-PX Proxy Voting Record 7/1/2004—9/30/2004

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: Jennison 20/20 Focus Fund - Value

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Jennison Associates

There were no proxies voted for the time period 7/1/04 – 9/30/04

Page 12 of 25

Form N-PX Proxy Voting Record 10/1/2004—12/31/2004

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Adviser: Jennison Associates

There were no proxies voted for the time period 10/1/04 – 12/31/04

Page 13 of 25

Form N-PX Proxy Voting Record 1/1/2005—3/31/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Novartis AG

NVS

66987V109

3/1/2005

Annual

Adviser: Jennison Associates

1.00 Approve financial statements

MGMT

YES

FOR

2.00 Ratify board acts-legal

MGMT

YES

FOR

3.00 Set Dividend/Allocate Profits

MGMT

YES

FOR

4.00 Reduce authorized capital

MGMT

YES

FOR

5.00 Authorize share repurchase

MGMT

YES

FOR

6.01 Elect Birgit Breuel

MGMT

YES

FOR

6.02 Elect Birgit Breuel

MGMT

YES

FOR

6.03 Elect Birgit Breuel

MGMT

YES

FOR

6.04 Elect Birgit Breuel

MGMT

YES

FOR

6.05 Elect Birgit Breuel

MGMT

YES

FOR

Tyco International Ltd

TYC

902124106

3/10/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

1.12 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

Page 14 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Cadbury Schweppes PLC

CSG

127209302

5/19/2005

Annual

Adviser: Jennison Associates

1.00 Approve financial statements

MGMT

YES

FOR

2.00 Set Dividend/Allocate Profits

MGMT

YES

FOR

3.00 Approve remuneration policy

MGMT

YES

FOR

4.00 Elect Directors

MGMT

YES

FOR

5.00 Elect Directors

MGMT

YES

FOR

6.00 Elect Directors

MGMT

YES

FOR

7.00 Elect Directors

MGMT

YES

FOR

8.00 Appoint outside auditors

MGMT

YES

FOR

9.00 Set auditors’ fees

MGMT

YES

FOR

10.00 Issue stock w/ preemptive rights

MGMT

YES

FOR

11.00 Issue stock w/o preemptive rights

MGMT

YES

FOR

12.00 Authorize share repurchase

MGMT

YES

FOR

Cigna Corp

125509109

4/27/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Amend Stock Incentive Plan

MGMT

YES

AGNST

Page 15 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Du Pont (E I) de Nemours

263534109

4/27/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 SP-Disclose prior government service

SHLDR

YES

AGNST

FOR

4.00 SP-Monitor/adopt ILO conventions

SHLDR

YES

AGNST

FOR

5.00 SP-Link executive pay to social criteria

SHLDR

YES

AGNST

FOR

6.00 SP-Review or promote animal welfare

SHLDR

YES

AGNST

FOR

7.00 SP-Review or curb bioengineering

SHLDR

YES

AGNST

FOR

8.00 SP-Award performance-based stock options

SHLDR

YES

AGNST

FOR

9.00 SP-Report on environmental impact or plans

SHLDR

YES

AGNST

FOR

Page 16 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Georgia-Pacific Corp

373298108

5/3/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

2.00 Adopt the 2005 Long-Term Incentive Plan

MGMT

YES

FOR

3.00 Ratify selection of auditors

MGMT

YES

FOR

4.00 Repeal classified board

MGMT

YES

FOR

AGNST

Kroger Co

501044101

6/23/2005

Annual

Adviser: Jennison Associates

1.10 Elect Directors

MGMT

YES

FOR

1.20 Elect Directors

MGMT

YES

FOR

1.30 Elect Directors

MGMT

YES

FOR

1.40 Elect Directors

MGMT

YES

FOR

1.50 Elect Directors

MGMT

YES

FOR

2.00 Adopt the 2005 Long-Term Incentive Plan

MGMT

YES

FOR

3.00 Ratify selection of auditors

MGMT

YES

FOR

4.00 SP-Eliminate supermajority provision

SHLDR

YES

AGNST

FOR

5.00 SP-Review or promote animal welfare

SHLDR

YES

AGNST

FOR

6.00 SP-Golden parachutes

SHLDR

YES

AGNST

FOR

Page 17 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Lehman Brothers Holdings Inc

LEH

524908100

4/5/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Adopt the 2005 Stock Incentive Plan

MGMT

YES

FOR

4.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

Nexen

N/A

65334H102

4/27/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

2.00 mend articles—technical

MGMT

YES

FOR

3.00 Adopt poison-pill-style defense

MGMT

YES

AGNST

4.00 Approve stock split

MGMT

YES

FOR

Page 18 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Northrop Grumman Corp

NOC

666807102

5/17/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Repeal classified board

MGMT

YES

FOR

4.00 Add shares to the 1993 Stock Plan for Non-Employee Directors

MGMT

YES

AGNST

5.00 Simple majority vote

MGMT

YES

FOR

Phelps Dodge Corp

717265102

5/27/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

2.00 Adopt the 2006 Executive Performance Incentive Plan

MGMT

YES

AGNST

3.00 Increase authorized common stock

MGMT

YES

FOR

4.00 Ratify selection of auditors

MGMT

YES

FOR

Page 19 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

SBC Communications Inc

SBC

78387G103

4/29/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

1.12 Elect Directors

MGMT

YES

FOR

1.13 Elect Directors

MGMT

YES

FOR

1.14 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 Adopt the Stock Purchase and Deferral Plan

MGMT

YES

FOR

4.00 SP-Review political spending or lobbying

SHLDR

YES

AGNST

FOR

5.00 SP-Link executive pay to social criteria

SHLDR

YES

AGNST

FOR

6.00 SP-Restrict executive compensation

SHLDR

YES

AGNST

FOR

7.00 SP-Eliminate supermajority provision

SHLDR

YES

FOR

AGNST

Page 20 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Schlumberger Ltd

SLB

806857108

4/13/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

WHOLD

AGNST

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

1.12 Elect Directors

MGMT

YES

FOR

2.00 Approve technical amendments

MGMT

YES

FOR

3.00 Repeal fair price provision

MGMT

YES

FOR

4.00 Adopt the 2005 Stock Option Plan

MGMT

YES

FOR

5.00 Add shares to the Discounted Stock Purchase Plan

MGMT

YES

FOR

6.00 Ratify selection of auditors

MGMT

YES

FOR

Page 21 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Sempra Energy

SRE

816851109

4/5/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

3.00 SP-Expense stock options

SHLDR

YES

AGNST

FOR

4.00 SP-Repeal classified board

SHLDR

YES

FOR

AGNST

5.00 SP-Award performance-based stock options

SHLDR

YES

AGNST

FOR

6.00 SP-Redeem or vote on poison pill

SHLDR

YES

FOR

AGNST

Smith International Inc

SII

832110100

4/26/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

2.00 Increase authorized common stock

MGMT

YES

FOR

3.00 Adopt the Amended and Restated 1989 Long Term Incentive Plan

MGMT

YES

FOR

4.00 Ratify selection of auditors

MGMT

YES

FOR

Page 22 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Suncor Energy

N/A

867229106

4/28/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

1.12 Elect Directors

MGMT

YES

FOR

2.00 Appoint outside auditors

MGMT

YES

FOR

3.00 Adopt poison-pill-style defense

MGMT

YES

FOR

Page 23 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

TXU Corp

TXU

873168108

5/20/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

2.00 Adopt the 2005 Omnibus Incentive Plan

MGMT

YES

FOR

3.00 Ratify selection of auditors

MGMT

YES

FOR

Page 24 of 25

Form N-PX Proxy Voting Record 4/1/2005—6/30/2005

Trust: Jennison 20/20 Focus Fund

Manager: Prudential

Fund: JENNISON 20/20 FOCUS FUND - VALUE

ISSUER NAME

TICKER

CUSIP

MTG DATE

MTG TYPE

Proposal
Type

Voted?

Vote
Cast

For/Agnst
Mgmt

Xerox Corp

XRX

984121103

5/19/2005

Annual

Adviser: Jennison Associates

1.01 Elect Directors

MGMT

YES

FOR

1.02 Elect Directors

MGMT

YES

FOR

1.03 Elect Directors

MGMT

YES

FOR

1.04 Elect Directors

MGMT

YES

FOR

1.05 Elect Directors

MGMT

YES

FOR

1.06 Elect Directors

MGMT

YES

FOR

1.07 Elect Directors

MGMT

YES

FOR

1.08 Elect Directors

MGMT

YES

FOR

1.09 Elect Directors

MGMT

YES

FOR

1.10 Elect Directors

MGMT

YES

FOR

1.11 Elect Directors

MGMT

YES

FOR

2.00 Ratify selection of auditors

MGMT

YES

FOR

Page 25 of 25

SIGNATURES:

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Jennison 20/20 Focus Fund

/s/ Judy A. Rice

Judy A. Rice, President

Date: August 17, 2005

Prudential Investment Portfolios 18 N-PXAnnual report of proxy voting record