ADVISORY/Prudential-Bache International Hosts European Semiconductor Conference May 29-30, 2002; Chief Investment Strategist Ed Yardeni To Be Featured Luncheon Speaker.

Business & Technology Editors

ADVISORY...

WHAT:      Prudential-Bache International Ltd., the international
           wealth management and securities arm of Prudential
           Financial, Inc. (USA) (NYSE:PRU), will hold its annual
           two-day European Semiconductor Conference.  The conference
           will feature presentations by more than 30 leading European
           and US semiconductor companies.

           In addition, Dr. Ed Yardeni, the chief
           investment strategist and managing director of
           Prudential Securities, New York, New York, USA,
           will be the featured luncheon speaker on May
           30.(a)

WHO:       Featured presentations by leading European and US
           semiconductor companies such as, Infineon Technologies
           (IFX), NVIDIA, ARM Holdings (ARMHF), Genesis Microchip
           (GNSS), Microchip Technology (MCHP), Oak Technology (OAKT),
           GlobespanVirata (GSPN), Atmel, Brooks Automation, Lattice
           Semiconductor (LSCC), ASM International (ASMI), Microtune
           (TUNE), OmniVision (OVTI), ON Semiconductor (ONNN), Micron
           Technology (MU), KLA-Tencor (KLAC), Altera, Xilinx,
           Motorola (MOT), Intel, ATI Technologies (ATYT), CREE,
           Fairchild Semiconductor (FCS), ANADIGICS, Cirrus Logic,
           DuPont Photomasks(DPMI), Kulicke & Soffa and Silicon Image.

           Dr. Ed Yardeni, Prudential Securities, New York, New York,
           USA, chief investment strategist

WHEN:      Wednesday, May 29, 2002
           Thursday, May 30, 2002(a)

WHERE:     The Savoy Hotel, On the Strand, London, WC2R OEU GB,
DETAILS:   Accredited business press wishing to attend any
           of the presentations taking place on May 29-30,
           2002 at The Savoy Hotel in London should RSVP to
           Prudential Financial's Global Public Relations
           office at 1-973-367-2503 or by e-mail to
           [e-mail]. An RSVP is
           required to attend. Agenda of speaking
           presentations is available upon request. Press
           interested in interviewing the company's chief
           investment strategist should contact Lisa
           Villareal at 973-367-2503.

           Prudential Financial companies, with
           approximately $580 billion in total assets under
           management and administration as of March 31,
           2002, serve individual and institutional
           customers worldwide and include The Prudential
           Insurance Company of America, one of the largest
           life insurance companies in the U.S. These
           companies offer a variety of products and
           services, including life insurance, property and
           casualty insurance, mutual funds, annuities,
           pension and retirement related services and
           administration, asset management, securities
           brokerage, banking and trust services, real
           estate brokerage franchises and relocation
           services. The Prudential Financial companies are
           not affiliated with Prudential plc (UK).
           Prudential-Bache International is regulated in
           the UK by the Financial Services Authority. For
           more information, visit www.prudentialbache.com.

(a) Media Availability for Dr. Ed Yardeni immediately following the luncheon on May 30 from 12:25:13:55.