FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-04023 Dryden Municipal Series 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: August 31 Date of reporting period: June 30, 2006 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 REPORT ******************************* ICA File Number: 811-04023 Reporting Period: 07/01/2005 - 06/30/2006 Dryden Municipal Series Fund ========= DRYDEN MUNICIPAL SERIES FUND - FLORIDA SERIES - ADVISOR: PIM ========= The DRYDEN MUNICIPAL SERIES FUND - FLORIDA SERIES - ADVISOR: PIM fund held no voting securities during the period covered by this report. No records are attached. ========= DRYDEN MUNICIPAL SERIES FUND - NEW JERSEY SERIES - ADVISOR: ========== ========= PIM ========== The DRYDEN MUNICIPAL SERIES FUND - NEW JERSEY SERIES - ADVISOR: PIM fund held no voting securities during the period covered by this report. No records are attached. ========== DRYDEN MUNICIPAL SERIES FUND - NEW YORK SERIES - ADVISOR: =========== ========== PIM =========== The DRYDEN MUNICIPAL SERIES FUND - NEW YORK SERIES - ADVISOR: PIM fund held no voting securities during the period covered by this report. No records are attached. ============= DRYDEN MUNICIPAL SERIES FUND - PENNSYLVANIA SERIES - ============= ============= ADVISOR: PIM ============= The DRYDEN MUNICIPAL SERIES FUND - PENNSYLVANIA SERIES - ADVISOR: PIM fund held no voting securities during the period covered by this report. No records are attached. ========== END NPX REPORT 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. Dryden Municipal Series Fund By /s/ Judy A. Rice* (Jonathan D. Shain) Judy A. Rice, President * By Power of Attorney. Filed on June 30, 2006. Incorporated by reference to Exhibit (q) to Post-Effective Amendment No. 28 to the filing on Form N-1A for Dryden Municipal Bond Fund (File No. 33-10649) filed via EDGAR on June 30, 2006. Date: August 21, 2006