August 7, 2000
DREYFUS INVESTMENT PORTFOLIOS-- EMERGING LEADERS PORTFOLIO
SUPPLEMENT TO PROSPECTUS
DATED MAY 1, 2000
THE FOLLOWING INFORMATION SUPPLEMENTS AND SHOULD BE READ IN CONJUNCTION
WITH THE SECTION OF THE PORTFOLIO'S PROSPECTUS ENTITLED "MAIN RISKS."
The portfolio may purchase securities of companies in initial public
offerings (" IPOs" ). The prices of securities purchased in IPOs can be very
volatile. The effect of IPOs on the portfolio's performance depends on a variety
of factors, including the number of IPOs the portfolio invests in, whether and
to what extent a security purchased in an IPO appreciates in value, and the
asset base of the portfolio. As a portfolio's asset base increases, IPOs often
have a diminished effect on such portfolio's performance.
192s0800
August 7, 2000
DREYFUS INVESTMENT PORTFOLIOS-- EUROPEAN EQUITY PORTFOLIO
SUPPLEMENT TO PROSPECTUS
DATED MAY 1, 2000
THE FOLLOWING INFORMATION SUPPLEMENTS AND SHOULD BE READ IN CONJUNCTION
WITH THE SECTION OF THE PORTFOLIO'S PROSPECTUS ENTITLED "MAIN RISKS."
The portfolio may purchase securities of companies in initial public
offerings (" IPOs" ). The prices of securities purchased in IPOs can be very
volatile. The effect of IPOs on the portfolio's performance depends on a variety
of factors, including the number of IPOs the portfolio invests in, whether and
to what extent a security purchased in an IPO appreciates in value, and the
asset base of the portfolio. As a portfolio's asset base increases, IPOs often
have a diminished effect on such portfolio's performance.
181s0800
August 7, 2000
DREYFUS INVESTMENT PORTFOLIOS-- JAPAN PORTFOLIO
SUPPLEMENT TO PROSPECTUS
DATED MAY 1, 2000
THE FOLLOWING INFORMATION SUPPLEMENTS AND SHOULD BE READ IN CONJUNCTION
WITH THE SECTION OF THE PORTFOLIO'S PROSPECTUS ENTITLED "MAIN RISKS."
The portfolio may purchase securities of companies in initial public
offerings (" IPOs" ). The prices of securities purchased in IPOs can be very
volatile. The effect of IPOs on the portfolio's performance depends on a variety
of factors, including the number of IPOs the portfolio invests in, whether and
to what extent a security purchased in an IPO appreciates in value, and the
asset base of the portfolio. As a portfolio's asset base increases, IPOs often
have a diminished effect on such portfolio's performance.
189s0800
