Prudential Mutual Funds
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                    Prudential Government Income Fund, Inc.

                         SUPPLEMENT DATED MAY 23, 2000
                        TO PROSPECTUS DATED MAY 4, 2000

The section entitled 'Risk/Return Summary--Evaluating Performance' is amended as
follows:

   The footnote to the Annual Returns bar chart is amended in its entirety as
follows:

         * These annual returns do not include sales charges. If the sales
      charges were included, the annual returns would be lower than those shown.
      Without the distribution and service (12b-1) fee waiver, the annual
      returns would have been lower, too. The return of the Class B shares for
      the quarter ended March 31, 2000 was 2.16%.