<Page>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number: 811- 09999
Exact name of registrant as specified in charter: Dryden Core Investment Fund
Address of principal executive offices: Gateway Center 3
100 Mulberry Street
Newark, New Jersey 07102
Name and address of agent for service: Jonathan Shain
Gateway Center 3
100 Mulberry Street
Newark, New Jersey 07102
Registrant's telephone number, including area code: 973-802-6469
Date of fiscal year end: January 31, 2004
Date of reporting period: July 31, 2003
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Item 1 -- Reports to Stockholders
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Financial Statements
- -----------------------------------------------------------
JULY 31, 2003 SEMIANNUAL REPORT
Dryden Core Investment Fund
Taxable Money Market Series
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Portfolio of Investments
as of July 31, 2003 (Unaudited)
<Table>
<Caption>
-----------------------------------------------------------------------------------
PRINCIPAL
AMOUNT (000) DESCRIPTION VALUE (NOTE 1)
BANK NOTES 5.0%
-----------------------------------------------------------------------------------
Bank One N.A.
$ 100,000 1.17%, 8/18/03(b) $ 100,004,213
60,000 1.30%, 8/4/04(b) 60,000,000
LaSalle National Bank
93,000 1.23%, 8/5/03 93,000,000
National City Bank
100,000 1.16%, 8/15/03(b) 100,003,084
---------------
353,007,297
CERTIFICATES OF DEPOSIT - CANADIAN 4.4%
-----------------------------------------------------------------------------------
Bank of Nova Scotia
25,000 1.74%, 10/8/03 24,990,660
100,000 1.19%, 7/30/04 99,990,011
Toronto Dominion Bank
88,034 1.04%, 8/18/03 88,034,000
50,000 0.93%, 9/23/03 50,000,357
50,000 1.60%, 11/25/03 50,000,000
---------------
313,015,028
CERTIFICATES OF DEPOSIT - DOMESTIC 8.4%
-----------------------------------------------------------------------------------
National City Bank
45,000 1.06%, 8/1/03 45,000,000
200,000 0.91%, 8/25/03 200,000,666
Wells Fargo Bank N.A.
150,000 1.04%, 8/12/03 150,000,000
97,000 1.02%, 9/3/03 97,000,000
100,000 1.02%, 9/11/03 99,998,863
---------------
591,999,529
CERTIFICATES OF DEPOSIT - EURODOLLAR 4.3%
-----------------------------------------------------------------------------------
Depfa Bank PLC
28,000 1.23%, 9/8/03 28,000,000
ING Bank NV
140,000 1.04%, 10/15/03 140,000,000
Unicredito Italiano SpA
135,000 1.00%, 9/22/03 135,000,000
---------------
303,000,000
</Table>
See Notes to Financial Statements.
4 Visit our website at www.jennisondryden.com
<Page>
<Table>
<Caption>
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PRINCIPAL
AMOUNT (000) DESCRIPTION VALUE (NOTE 1)
CERTIFICATES OF DEPOSIT - YANKEE 31.8%
-----------------------------------------------------------------------------------
Abbey National Treasury
$ 100,000 1.45%, 11/10/03 $ 99,997,236
Banco Bilbao Vizcaya
100,000 1.09%, 8/18/03(b) 100,000,000
Bayerische Landesbank Girozentrale
50,000 1.28%, 8/4/03 50,000,186
60,000 3.58%, 9/25/03 60,180,755
50,000 1.04%, 12/24/03 50,000,000
BNP Paribas SA
25,000 1.33%, 4/13/04 25,000,000
50,000 1.15%, 7/22/04 49,995,113
Credit Agricole Indosuez
200,000 1.15%, 8/11/03 200,000,000
90,000 1.24%, 8/4/04 89,990,964
Credit Suisse First Boston
130,000 1.06%, 8/7/03 130,000,000
200,000 1.04%, 9/8/03 200,000,000
Danske Bank
50,000 1.33%, 4/16/04 50,000,000
Fortis Bank NV
55,000 1.03%, 8/18/03 55,000,000
HBOS Treasury Services PLC
118,000 1.04%, 10/14/03 118,000,000
150,000 1.04%, 10/15/03 150,000,000
HSH Nordbank AG
35,000 1.05%, 8/4/03 35,000,000
150,000 1.04%, 8/21/03 150,000,000
KBC Bank NV
50,000 1.04%, 10/7/03 50,000,000
Landesbank Hessen-Thuringren
67,000 1.10%, 12/8/03 67,000,000
Natexis Banques Populaires
200,000 1.03%, 10/3/03 200,000,000
Royal Bank Scotland PLC
120,000 1.06%, 8/18/03(b) 120,000,000
Societe Generale
50,000 1.33%, 3/31/04 50,000,000
25,000 1.16%, 4/12/04 24,999,126
Svenska Handelsbanken AB
35,595 1.05%, 8/7/03 35,595,057
UBS AG
80,000 1.20%, 3/17/04 80,000,000
---------------
2,240,758,437
</Table>
See Notes to Financial Statements.
Dryden Core Investment Fund - Taxable Money Market Series 5
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Portfolio of Investments
as of July 31, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
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PRINCIPAL
AMOUNT (000) DESCRIPTION VALUE (NOTE 1)
COMMERCIAL PAPER 21.0%
-----------------------------------------------------------------------------------
Amsterdam Funding Corp.
$ 48,000 1.04%, 8/4/03 $ 47,995,839
48,643 1.04%, 8/5/03 48,637,379
Aventis
25,700 1.20%, 8/7/03 25,694,860
19,000 1.06%, 9/5/03 18,980,419
Barton Capital Corp.
37,115 1.04%, 8/11/03 37,104,278
3,215 1.04%, 8/19/03 3,213,328
Cargill, Inc.
45,000 1.02%, 11/5/03 44,877,600
Citicorp, Inc.
98,000 1.05%, 8/11/03 97,971,417
114,000 1.05%, 9/8/03 113,873,650
Edison Asset Securitization LLC
91,918 1.24%, 8/7/03 91,899,004
18,000 1.24%, 8/7/03 17,996,280
Forrestal Funding Master Trust
77,000 1.05%, 8/4/03 76,993,262
76,496 1.04%, 8/22/03 76,449,816
General Electric Capital Services Corp.
15,000 1.22%, 9/8/03 14,980,683
Independence Funding LLC
100,000 1.06%, 8/11/03 99,970,556
New Center Asset Trust
50,000 1.08%, 8/14/03 49,980,590
75,000 1.02%, 8/15/03 74,970,250
41,218 1.27%, 8/29/03 41,177,286
15,429 1.04%, 9/24/03 15,404,931
149,000 1.04%, 9/26/03 148,758,951
Prudential PLC
35,000 1.11%, 9/8/03 34,958,992
Sheffield Receivables Corp.
100,000 1.07%, 9/26/03 99,842,472
Swiss Re Financial Products Corp.
47,000 1.29%, 8/7/03 46,989,895
Tulip Funding Corp.
150,000 1.07%, 9/2/03 149,870,708
---------------
1,478,592,446
</Table>
See Notes to Financial Statements.
6 Visit our website at www.jennisondryden.com
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<Table>
<Caption>
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PRINCIPAL
AMOUNT (000) DESCRIPTION VALUE (NOTE 1)
COMMERCIAL PAPER - YANKEE 7.2%
-----------------------------------------------------------------------------------
HSBC Bank USA, Inc.
$ 65,000 1.14%, 8/13/03 $ 64,975,300
56,000 1.08%, 9/12/03 55,929,440
Natexis Banques Populaires U.S. Financial Corp.
5,131 1.03%, 9/9/03 5,125,275
Nordeutsche Landesbank Luxembourg
50,000 1.04%, 9/11/03 49,940,778
PB Finance Delaware, Inc.
41,000 1.06%, 8/4/03 40,996,378
8,119 1.06%, 9/8/03 8,109,916
Societe Generale North America, Inc.
77,673 1.05%, 9/4/03 77,595,974
Spintab/Swedmortgage AB
15,000 1.06%, 8/13/03 14,994,700
100,000 1.05%, 8/21/03 99,941,666
Swedbank AB
29,000 1.19%, 8/4/03 28,997,124
23,000 1.13%, 8/13/03 22,991,337
36,000 1.20%, 9/2/03 35,961,600
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505,559,488
OTHER CORPORATE OBLIGATIONS 10.5%
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American Express Credit Corp. M.T.N.
44,000 1.15%, 8/5/03(b) 44,000,000
General Electric Capital Assurance Co.
1.18%, 8/22/03(b)(c)
50,000 (cost $50,000,000; purchased 7/17/03) 50,000,000
General Electric Capital Corp. M.T.N.
107,000 1.14%, 8/11/03(b) 107,000,000
24,000 1.13%, 8/18/03(b) 24,000,000
JP Morgan Chase & Co. M.T.N.
45,000 1.42%, 8/5/03(b) 45,028,898
Merrill Lynch & Co. M.T.N.
184,000 1.24%, 8/11/03(b) 184,000,000
Metropolitan Life Insurance Co.
1.22%, 10/3/03(b)(c)
50,000 (cost $50,000,000; purchased 9/26/02) 50,000,000
Morgan Stanley M.T.N.
100,000 1.21%, 8/15/03(b) 100,000,000
</Table>
See Notes to Financial Statements.
Dryden Core Investment Fund - Taxable Money Market Series 7
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Portfolio of Investments
as of July 31, 2003 (Unaudited) Cont'd.
<Table>
<Caption>
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PRINCIPAL
AMOUNT (000) DESCRIPTION VALUE (NOTE 1)
Pacific Life Insurance Co.
1.23%, 9/15/03(b)(c)
$ 36,000 (cost $36,000,000; purchased 7/08/03) $ 36,000,000
Park Granada LLC
57,000 1.10%, 8/4/03 56,994,775
Travelers Insurance Co.
1.38%, 8/25/03(b)(c)
25,000 (cost $25,000,000; purchased 2/25/03) 25,000,000
United Omaha Life Insurance Co.
1.45%, 9/5/03(b)(c)
20,000 (cost $20,000,000; purchased 12/05/02) 20,000,000
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742,023,673
U.S. GOVERNMENT AGENCIES 12.2%
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Federal Home Loan Banks
12,300 1.30%, 8/7/03 12,295,011
140,000 1.43%, 3/8/04 140,000,000
22,785 3.75%, 4/15/04 23,170,245
160,000 1.40%, 6/2/04 160,000,000
85,000 1.25%, 7/2/04 85,000,000
Federal Home Loan Mortgage Corp.
100,000 1.06%, 10/30/03 99,735,000
62,856 1.06%, 12/4/03 62,624,655
50,000 1.04%, 12/5/03 49,818,000
30,000 1.06%, 12/15/03 29,879,867
40,000 1.05%, 12/22/03 39,833,961
70,000 1.04%, 12/24/03 69,706,778
29,200 1.10%, 12/31/03 29,064,382
Federal National Mortgage Association
28,277 5.625%, 5/14/04 29,212,234
29,000 6.50%, 8/15/04 30,581,044
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860,921,177
REPURCHASE AGREEMENTS 1.2%
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Lehman Brothers Tri Party
1.03% dated 07/31/03 due 08/01/03, in the amount
of $86,352,000, repurchase price $86,354,471.
The value of collateral including accrued
86,352 interest $88,079,721. 86,352,000
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TOTAL INVESTMENTS 106.0%
(AMORTIZED COST $7,475,229,075)(A) 7,475,229,075
Liabilities in excess of other assets (6.0%) (420,129,128)
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NET ASSETS 100% $ 7,055,099,947
---------------
---------------
</Table>
See Notes to Financial Statements.
8 Visit our website at www.jennisondryden.com
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(a) Federal income tax basis is the same as for financial reporting purposes.
(b) Variable rate instrument. The maturity date presented for these instruments
is the later of the next date on which the security can be redeemed at par
or the next date on which the rate of interest is adjusted.
(c) Indicates illiquid securities restricted as to resale. The aggregate cost of
such securities was $181,000,000. The aggregate value of $181,000,000 is
approximately 2.6% of net assets.
LLC--Limited Liability Company.
M.T.N.--Medium Term Note.
N.A.--National Association (National Bank).
See Notes to Financial Statements.
Dryden Core Investment Fund - Taxable Money Market Series 9
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Statement of Assets and Liabilities
as of July 31, 2003 (Unaudited)
<Table>
<Caption>
ASSETS
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Investments, at amortized cost which approximates market value $7,475,229,075
Cash 398
Interest receivable 10,464,117
Prepaid expenses 6,112
--------------
TOTAL ASSETS 7,485,699,702
--------------
LIABILITIES
-----------------------------------------------------------------------------------
Payable for investments purchased 428,768,527
Dividend payable 1,710,326
Management fee payable 118,975
Accrued expenses 1,927
--------------
TOTAL LIABILITIES 430,599,755
--------------
NET ASSETS $7,055,099,947
--------------
--------------
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Net assets were comprised of:
Common stock, at par $ 7,055,121
Paid-in capital in excess of par 7,048,044,826
--------------
NET ASSETS AT JULY 31, 2003 $7,055,099,947
--------------
--------------
</Table>
<Table>
Net asset value, offering price and redemption price per share
($7,055,099,947 / 7,055,121,050 shares of
$.001 par value common stock issued and outstanding) $1.00
-----
-----
</Table>
See Notes to Financial Statements.
10 Visit our website at www.jennisondryden.com
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Statement of Operations
Six Months Ended July 31, 2003 (Unaudited)
<Table>
<Caption>
NET INVESTMENT INCOME
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Income
Interest $42,321,712
-----------
Expenses
Management fee 776,509
Custodian's fees and expenses 124,000
Insurance expenses 65,000
Transfer agent's fees and expenses 50,500
Legal fees and expenses 30,000
Trustees' fees 21,000
Audit fee 14,500
Reports to shareholders 13,000
Miscellaneous 728
-----------
TOTAL EXPENSES 1,095,237
-----------
NET INVESTMENT INCOME 41,226,475
-----------
REALIZED GAIN ON INVESTMENTS
-----------------------------------------------------------------------------------
Net realized gain on investment transactions 58,323
-----------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $41,284,798
-----------
-----------
</Table>
See Notes to Financial Statements.
Dryden Core Investment Fund - Taxable Money Market Series 11
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Statement of Changes in Net Assets
For the Six Months and Year Ended Periods (Unaudited)
<Table>
<Caption>
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SIX MONTHS YEAR
ENDED ENDED
JULY 31, 2003 JANUARY 31, 2003
INCREASE (DECREASE) IN NET ASSETS
-----------------------------------------------------------------------------------
OPERATIONS
Net investment income $ 41,226,475 $ 130,508,651
Net realized gain on investment transactions 58,323 30,881
----------------- ----------------
Net increase in net assets resulting from
operations 41,284,798 130,539,532
----------------- ----------------
DIVIDENDS AND DISTRIBUTIONS (NOTE 1) (41,284,798 ) (130,560,635 )
----------------- ----------------
SERIES SHARE TRANSACTIONS (AT $1 PER SHARE)
Net proceeds from shares subscribed 23,800,466,410 44,654,738,558
Net asset value of shares issued to shareholders
in reinvestment of dividends and distributions 41,602,223 131,203,483
Cost of shares reacquired (23,840,891,918 ) (44,456,700,889 )
----------------- ----------------
Net increase in net assets from Series share
transactions 1,176,715 329,241,152
----------------- ----------------
Total increase 1,176,715 329,220,049
NET ASSETS
-----------------------------------------------------------------------------------
Beginning of period 7,053,923,232 6,724,703,183
----------------- ----------------
End of period(a) $ 7,055,099,947 $ 7,053,923,232
----------------- ----------------
----------------- ----------------
</Table>
See Notes to Financial Statements.
12 Visit our website at www.jennisondryden.com
<Page>
Notes to Financial Statements
(Unaudited)
Dryden Core Investment Fund (the 'Fund'), formerly known as the Prudential Core
Investment Fund, is registered under the Investment Company Act of 1940 as an
open-end, diversified management investment company. The Fund consists of six
series--the Taxable Money Market Series (the 'Series'), the Short-Term Bond
Series, the Short-Term Municipal Bond Series, the National Municipal Money
Market Series, the Government Money Market Series and the Treasury Money Market
Series. The Short-Term Bond Series, the Short-Term Municipal Bond Series, the
National Municipal Money Market Series, the Government Money Market Series and
the Treasury Money Market Series have not yet commenced operations. The
investment objective of the Series is current income consistent with the
preservation of capital and the maintenance of liquidity. The Series invests
primarily in money market instruments maturing in 13 months or less whose
ratings are within the two highest short-term ratings categories by a nationally
recognized statistical rating organization or, if not rated, are of comparable
quality as determined by the Series' investment advisors. The ability of the
issuers of the securities held by the Series to meet their obligations may be
affected by economic developments in a specific industry or region.
Shares of the Series are available only to investment companies managed by
Prudential Investments LLC ('PI') and certain investment advisory clients of the
subadvisor. At July 31, 2003, 100% of the shares outstanding were owned by such
entities.
NOTE 1. ACCOUNTING POLICIES
The following is a summary of significant accounting policies followed by the
Fund and the Series in the preparation of its financial statements.
Securities Valuation: The Series values portfolio securities at amortized cost,
which approximates market value. The amortized cost method involves valuing a
security at its cost on the date of purchase and thereafter assuming a constant
amortization to maturity of any discount or premium. If the amortized cost
method is determined not to represent fair value, the value shall be determined
by or under the direction of the Board of Trustees.
The Fund may hold up to 10% of its net assets in illiquid securities, including
those which are restricted as to disposition under securities law ('restricted
securities'). The restricted security held by the Fund at July 31, 2003 includes
registration rights under which the Fund may demand registration by the issuer.
Restricted securities,
Dryden Core Investment Fund - Taxable Money Market Series 13
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sometimes referred to as private placements, are valued pursuant to the
valuation procedures noted above.
Repurchase Agreements: In connection with transactions in repurchase agreements
with U.S. financial institutions, it is the Fund's policy that its custodian or
designated subcustodians, as the case may be under triparty repurchase
agreements, takes possession of the underlying collateral securities, the value
of which exceeds the principal amount of the repurchase transaction, including
accrued interest. To the extent that any repurchase agreement exceeds one
business day, the value of the collateral is marked-to-market on a daily basis
to ensure the adequacy of the collateral. If the seller defaults and the value
of the collateral declines or if bankruptcy proceedings are commenced with
respect to the seller of the security, realization of the collateral by the Fund
may be delayed or limited.
Securities Transactions and Net Investment Income: Securities transactions are
recorded on the trade date. Realized gains (losses) on sales of securities are
calculated on the identified cost basis. The Fund amortizes premiums and
accretes discounts on purchases of portfolio securities as adjustments to
interest income. Interest income is recorded on the accrual basis. Expenses are
recorded on the accrual basis which may require the use of certain estimates by
management.
Federal Income Taxes: For federal income tax purposes, each series in the Fund
is treated as a separate taxpaying entity. It is the Series' policy to continue
to meet the requirements of the Internal Revenue Code applicable to regulated
investment companies and to distribute all of its net income and capital gains,
if any, to its shareholders. Therefore, no federal income tax provision is
required.
Dividends and Distributions: The Series declares all of its net investment
income and net realized short-term capital gains or losses, if any, as dividends
daily to its shareholders of record at the time of such declaration. Payment of
dividends is made monthly. The Series does not expect to realize long-term
capital gains or losses. Income distributions and capital gain distributions are
determined in accordance with income to regulations which may differ from
generally accepted accounting principles.
NOTE 2. AGREEMENTS
The Fund has a management agreement with PI. Pursuant to this agreement, PI has
responsibility for all investment advisory services and supervises the
subadvisor's performance of such services. PI has entered into a subadvisory
agreement with Prudential Investment Management, Inc. ('PIM' or 'Subadvisor').
The subadvisory agreement provides that the subadvisor will furnish investment
advisory services in
14 Visit our website at www.jennisondryden.com
<Page>
connection with the management of the Fund. In connection therewith, the
subadvisor is obligated to keep certain books and records of the Fund. PI pays
for the services of PIM, the cost of compensation of officers of the Fund,
occupancy and certain clerical and bookkeeping costs of the Fund. The Fund bears
all other costs and expenses.
For its services, PI will be reimbursed for its direct costs, exclusive of any
profit or overhead. The costs are accrued daily and paid monthly. For the six
months ended July 31, 2003, the costs were at an annual rate of .024% of the
Series' average daily net assets.
PI and PIM are indirect, wholly-owned subsidiaries of Prudential Financial, Inc.
('Prudential').
NOTE 3. OTHER TRANSACTIONS WITH AFFILIATES
Prudential Mutual Fund Services LLC ('PMFS'), an affiliate of PI and an indirect
wholly-owned subsidiary of Prudential, serves as the Series' transfer agent.
During the six months ended July 31, 2003, the Series incurred fees of
approximately $50,000 for the services of PMFS. As of July 31, 2003, $8,300 of
such fees were due to PMFS. Transfer agent fees and expenses in the Statement of
Operations include certain out-of-pocket expenses paid to non-affiliates.
Dryden Core Investment Fund - Taxable Money Market Series 15
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Financial Highlights
(Unaudited)
<Table>
<Caption>
SEPTEMBER 18,
SIX MONTHS 2000(A)
ENDED YEAR ENDED JANUARY 31, THROUGH
JULY 31, ------------------------------- JANUARY 31,
2003 2003 2002 2001
------------------------------------------------------------------------------------------------------------
PER SHARE OPERATING PERFORMANCE:
NET ASSET VALUE, BEGINNING OF PERIOD $ 1.00 $ 1.00 $ 1.00 $ 1.00
------------- ------------- ------------- -------------
Net investment income and net
realized gains .01 .02 .04 .02
Dividends and distributions
to shareholders (.01) (.02) (.04) (.02)
------------- ------------- ------------- -------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00
------------- ------------- ------------- -------------
------------- ------------- ------------- -------------
TOTAL RETURN(B): .63% 1.85% 4.12% 2.50%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000) $ 7,055,100 $ 7,053,923 $ 6,724,703 $ 2,754,036
Average net assets (000) $ 6,509,734 $ 7,105,089 $ 5,289,046 $ 2,150,413
Ratios to average net assets:
Expenses .03%(c) .03% .03% .03%(c)
Net investment income 1.28%(c) 1.84% 3.66% 6.58%(c)
</Table>
- ------------------------------
(a) Commencement of investment operations.
(b) Total return is calculated assuming a purchase of shares on the first day
and a sale on the last day of each period reported and includes reinvestment
of dividends and distributions. Total returns for periods less than a full
year are not annualized.
(c) Annualized.
See Notes to Financial Statements.
16 Visit our website at www.jennisondryden.com
<Page>
Supplemental Proxy Information
(Unaudited)
A meeting of the Fund's shareholders was held on July 2, 2003. The meeting was
held for the following purposes:
(1) To approve the election of ten (10) trustees to the Board of Trustees, as
follows:
- David E.A. Carson
- Robert E. La Blanc
- Robert F. Gunia
- Douglas H. McCorkindale
- Stephen P. Munn
- Richard A. Redeker
- Judy A. Rice
- Robin B. Smith
- Stephen Stoneburn
- Clay T. Whitehead
(2) To approve a proposal to permit the manager to enter into, or make material
changes to, subadvisory agreements without shareholder approval.
(3) To permit an amendment to the management contract between PI and
the Fund.
(4a) To approve changes to fundamental investment restrictions and policies,
relating to: fund diversification.
(4b) To approve changes to fundamental investment restrictions and policies,
relating to: issuing senior securities, borrowing money or pledging assets.
(4c) To approve changes to fundamental investment restrictions and policies,
relating to: buying and selling real estate.
(4d) To approve changes to fundamental investment restrictions and policies,
relating to: buying and selling commodities and commodity contracts.
(4e) To approve changes to fundamental investment restrictions and policies,
relating to: fund concentration.
(4f) To approve changes to fundamental investment restrictions and policies,
relating to: making loans.
(4g) To approve changes to fundamental investment restrictions and policies,
relating to: other investment restrictions, including investing in
securities of other investment companies.
(5) To approve amendments to the Fund's articles of incorporation or
declaration of Trust.
Dryden Core Investment Fund - Taxable Money Market Series 17
<Page>
Supplemental Proxy Information
(Unaudited) Cont'd.
The results of the proxy solicitation on the preceding matters were:
<Table>
<Caption>
VOTES VOTES VOTES
MATTER FOR AGAINST WITHHELD ABSTENTIONS
--------------------- ------------- ---------- -------- -----------
(1) David E.A. Carson 6,280,242,095 -- -- --
Robert E. La Blanc 6,280,242,095 -- -- --
Robert F. Gunia 6,280,242,095 -- -- --
Douglas H.
McCorkindale 6,280,242,095 -- -- --
Stephen P. Munn 6,280,242,095 -- -- --
Richard A. Redeker 6,280,242,095 -- -- --
Judy A. Rice 6,280,242,095 -- -- --
Robin B. Smith 6,280,242,095 -- -- --
Stephen Stoneburn 6,280,242,095 -- -- --
Clay T. Whitehead 6,280,242,095 -- -- --
(2) Subadvisory
Agreements 6,280,242,095 -- -- --
(3) PI 6,280,242,095 -- -- --
(4a) Fund Diversification 6,280,242,095 -- -- --
(4b) Issuing Senior
Securities,
Borrowing Money or
Pledging Assets 6,280,242,095 -- -- --
(4c) Buying and Selling
Real Estate 6,280,242,095 -- -- --
(4d) Buying and Selling
Commodities and
Commodity Contracts 6,280,242,095 -- -- --
(4e) Fund Concentration 6,280,242,095 -- -- --
(4f) Making Loans 6,280,242,095 -- -- --
(4g) Other Investment
Restrictions 6,280,242,095 -- -- --
(5) Amendments 6,280,242,095 -- -- --
</Table>
18 Visit our website at www.jennisondryden.com
<Page>
Item 2 -- Code of Ethics -- Not required in this filing
Item 3 -- Audit Committee Financial Expert --
The registrant's Board has determined that Mr. Stephen Munn,
member of the Board's Audit Committee is an "audit committee
financial expert," and that he is "independent," for purposes of
this Item.
Item 4 -- Principal Accountant Fees and Services -- Not required in
this filing
Item 5 -- Reserved
Item 6 -- Reserved
Item 7 -- Disclosure of Proxy Voting Policies and Procedures for
Closed-End Management Investment Companies -- Not required in
this filing
Item 8 -- Reserved
Item 9 -- Controls and Procedures
(a) It is the conclusion of the registrant's principal
executive officer and principal financial officer that the
effectiveness of the registrant's current disclosure controls
and procedures (such disclosure controls and procedures
having been evaluated within 90 days of the date of this
filing) provide reasonable assurance that the information
required to be disclosed by the registrant has been recorded,
processed, summarized and reported within the time period
specified in the Commission's rules and forms and that the
information required to be disclosed by the registrant has
been accumulated and communicated to the registrant's
principal executive officer and principal financial officer
in order to allow timely decisions regarding required
disclosure.
(b) There have been no significant changes in the
registrant's internal controls or in other factors that could
significantly affect these controls subsequent to the date of
their evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.
Item 10 -- Exhibits
(a) Code of Ethics -- Not required in this filing
(b) Certifications pursuant to Sections 302 and 906 of the
Sarbanes-Oxley Act -- Attached hereto
<Page>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934 and 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 Core Investment Fund
By /s/ Jonathan D. Shain
---------------------------------------
Jonathan D. Shain
Secretary
Date September 26, 2003
Pursuant to the requirements of the Securities Exchange Act of
1934 and the Investment Company Act of 1940, this report has been
signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.
By /s/ Judy A. Rice
---------------------------------------
Judy A. Rice
President and Principal Executive Officer
Date September 26, 2003
By /s/ Grace C. Torres
---------------------------------------
Grace C. Torres
Treasurer and Principal Financial Officer
Date September 26, 2003