-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL |FORM 5| Washington, D.C. 20549 OMB Number: -------- 3235-0362 /_/ Check this box if ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: October 31, 2001 no longer subject Estimated average burden to Section 16. hours per Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities response........1.0 obligations may Exchange Act of 1934, Section 17(a) of the Public continue. See Utility Holding Company Act of 1935 or Section 30(f) Instruction 1(b). of the Investment Company Act of 1940 /_/ Form 3 Holdings Reported /_/ Form 4 Transactions Reported ------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* Morris Everett L. ------------------------------------------------------------------------------ (Last) (First) (Middle) 164 Laird Road ------------------------------------------------------------------------------ (Street) Colts Neck NJ 07722 ------------------------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol DTF Tax-Free Income Inc. ------------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Year FYE 10/31/02 --------------------------------------- 5. If Amendment, Date of Original (Month/Year) -------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) _X_ Director ___ Officer ___ 10% Owner ___ Other (give title below) (specify below) --------------------- ------------------- ------------------------------------------------------------------------------- 7. Individual or Joint/Group Reporting (check applicable line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ----------------------------------------------------------------------------------------------------------------------------------- 1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of of action action or Disposed of (D) Securities Form: Indirect Security Date Code (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial (Instr. 3) (Month/ (Instr. 8) Owned at Indirect (I) Ownership Day/ ------------------------------------------- End of (Instr. 4) (Instr. 4) Year) Issurer's Fiscal Year Amount (A) or Price (Instr. 3 and 4) (D) ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 10/31/02 P 575.03 A $15.10809 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 10/31/02 P 51.81 A $15.10809 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 9/30/02 P 572.34 A $15.9817 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 9/30/02 P 51.56 A $15.9817 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/30/02 P 569.66 A $16.0625 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/30/02 P 51.33 A $16.0625 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 7/31/02 P 2,358.50 A $15.8252 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 7/31/02 P 51.08 A $15.8252 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 6/28/02 P 2,347.16 A $15.51732 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 6/28/02 P 50.84 A $15.51732 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5/31/02 P 2,180.67 A $15.24723 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5/31/02 P 47.23 A $15.24723 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 4/30/02 P 2,170.50 A $14.9377 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 4/30/02 P 47.01 A $14.9377 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 3/28/02 P 2,160.20 A $14.6852 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 3/28/02 P 46.79 A $14.6852 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 2/28/02 P 1,920.61 A $14.7397 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 2/28/02 P 41.60 A $14.7397 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 1/31/02 P 1,912.44 A $14.64 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 1/31/02 P 41.42 A $14.64 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 12/31/01 P 1,904.08 A $14.22870 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 12/31/01 P 41.24 A $14.22870 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/30/01 P 41.07 A $14.77079 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/30/01 P 41.07 A $14.77079 8,399.26 units D ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ---------------------------------------------------------------------------------------------------------------------------------- 1. Title 2. Conversion 3. Transaction 4. Transaction 5. Number 6. Date 7. Title and of or Exercise Date Code of Derivative Exerciseable Amount of Derivative Price of (Month/Day/ (Instr. 8) Securities and Expiration Underlying Security Derivative Year) Acquired (A) Date Securities (Instr.3) Security or Disposed (Month/Day/Year) (Instr. 3 and 4) of (D) (Instr. 3, 4 and 5) ---------------------------------------------------------------------------------------------------------------------------------- Amount or Date Expiration Number of (A) (D) Exercisable Date Title Shares ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- 8. Price of 9. Number of Derivative 10. Ownership of 11. Nature of Indirect Derivative Securities Beneficially Derivative Security: Beneficial Ownership Security Owned at End Direct (D) or (Instr. 4) (Instr. 5) of Month Indirect (I) (Instr. 4) (Instr. 4) ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Explanation of Responses: /s/ Maria G. Master March 28, 2003 ------------------------------- --------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure POWER OF ATTORNEY The undersigned does hereby authorize, designate and appoint Richard Wirth, Grace Torres, Jack Benintende, Marguerite Morrison and Maria G. Master as attorneys-in-fact to execute and file, on behalf of the undersigned, statements on Form 3, Form 4, Form 5 and any successor forms adopted by the Securities and Exchange Commission, as required by the Securities Exchange Act of 1934 and the Investment Company Act of 1940 and the rules thereunder, and to take such other actions as any such attorney-in-fact may deem necessary and appropriate in connection with such statements, hereby confirming and ratifying all actions that each such attorney-in-fact has taken or may take in reliance hereon with respect to DTF Tax-Free Income Inc. This power of attorney shall continue in effect until the undersigned no longer has an obligation to file statements under the sections cited above, or until specifically terminated in writing by the undersigned. IN WITNESS WHEREOF, the undersigned has duly executed this power of attorney on the 28th day of August, 2002. /s/ Francis E. Jeffries /s/ E. Virgil Conway ----------------------- ------------------------ Francis E. Jeffries E. Virgil Conway /s/ William W. Crawford /s/ William N. Georgeson ----------------------- ------------------------ William W. Crawford William N. Georgeson /s/ Philip R. McLoughlin /s/ Everett L. Morris ------------------------ ------------------------ Philip R. McLoughlin Everett L. Morris /s/ Eileen A. Moran /s/ Richard A. Pavia ----------------------- ------------------------- Eileen A. Moran Richard A. Pavia /s/ Harry Dalzell-Payne /s/ Timothy M. Heaney ----------------------- ------------------------- Harry Dalzell-Payne Timothy M. Heaney /s/ James D. Wehr /s/ Alan Meder ------------------------ ------------------------- James D. Wehr Alan Meder The Prudential Insurance Company of America Gateway Center Three 100 Mulberry Street, 4th Floor Newark NJ 07102-4077 March 28, 2003 VIA EDGAR --------- Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: DTF Tax-Free Income Inc. (the "Fund") Form 5 of Everett L. Morris ---------------------------- Dear Sir or Madam: We are transmitting electronically via EDGAR a Form 5 with respect to the Fund filed by Mr. Morris, a Director of the Fund. I have executed and filed this Form 5 on behalf of Mr. Morris, pursuant to a power of attorney, a copy of which is included in the transmission. Please call me at 973-367-3028 if you have any questions relating to this filing. Thank you for your consideration. Sincerely, /s/ Maria G. Master ------------------------------------- Maria G. Master Vice President and Corporate Counsel