Filed pursuant to Rule 424(b)(3)
Registration File Nos. 333-104444,
333-104444-01 and 333-104444-02

Pricing Supplement No. 1 dated April 28, 2003
to the Prospectus dated April 25, 2003 and
the Prospectus Supplement dated April 25, 2003.



$500,000,000

Prudential Financial, Inc.

Medium-Term Notes, Series B
Due One Year or More from Date of Issue

The note being purchased has the following terms:

Underwriters and Principal Amount:			J.P. Morgan Securities Inc.		$250,000,000
			Banc of America Securities LLC		25,000,000
			Bear, Stearns & Co. Inc.		25,000,000
			Blaylock & Partners, L.P.		25,000,000
			Citigroup Global Markets Inc.		25,000,000
			Credit Suisse First Boston LLC		25,000,000
			Deutsche Bank Securities Inc.		25,000,000
			Lehman Brothers Inc.		25,000,000
			UBS Warburg LLC		25,000,000
			Wachovia Securities, Inc.		25,000,000
			Sandler O'Neill & Partners, L.P.		12,500,000
			The Williams Capital Group, L.P.		12,500,000
			TOTAL		$500,000,000
Stated Maturity:			May 1, 2008
Specified Currency:			U.S. Dollars
	principal:		U.S. Dollars
	interest:		U.S. Dollars
	exchange rate agent:		not applicable
Original Issue Date:			May 1, 2003
Original Issue Price:			99.95%
Underwriters Commission:			0.500%
Net Proceeds to Prudential Financial:			99.45% or $497,250,000
Original Issue Discount Note:			Not applicable
Form of Note:
	master global form only:		Yes
	non-global form available:
CUSIP No.			74432QAA3
Redemption and Repayment:			Not applicable
Interest Rate is Fixed:			Yes
	annual rate:		3.750%
	interest payment dates:		May 1 and November 1, commencing November 1, 2003
	Regular record dates:		April 15 and October 15
Defeasance applies as follows:
	full defeasance—i.e., our right to be relieved of all our obligations on the note by placing funds in trust for the investor:		Yes
	covenant defeasance—i.e., our right to be relieved of specified provisions of the note by placing funds in trust for the investor:		Yes

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Prudential Financial, Inc. estimates that its share of the total offering expenses, excluding underwriting discounts and commissions paid to the underwriters will be approximately $139,000.

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JPMorgan

Banc of America Securities LLC
        Bear, Stearns & Co. Inc.
                Blaylock & Partners, L.P.
                        Citigroup
                                Credit Suisse First Boston
                                        Deutsche Bank Securities
                                                 Lehman Brothers
                                                         UBS Warburg
                                                                 Wachovia Securities
                                                                         Sandler O'Neill & Partners, L.P.
                                                                                 The Williams Capital Group, L.P.

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