March 22, 2000
DREYFUS INVESTMENT PORTFOLIOS
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 15, 1999
1. The following information replaces all contrary information contained in the
sections of the Statement of Additional Information ("SAI") entitled
"Description of the Fund and Portfolios", "Management of the Fund" and
"Management Arrangements":
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
2. The following information replaces the information contained in the section
of the SAI entitled "Management of the Fund - Officers of the Fund":
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of the Manager, and an officer of other investment
companies advised and administered by the Manager. Mr. Canter also is
a Director or an Executive Committee Member of the other investment
management subsidiaries of Mellon Financial Corporation, each of which
is an affiliate of the Manager. He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General
Counsel of the Manager, and an officer of other investment companies
advised and administered by the Manager. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of the Manager, and an officer of other investment companies advised and
administered by the Manager. He is 42 years old.
Steven F. Newman, Secretary. Assistant Secretary and Associate General
Counsel of the Manager, and an officer of other investment companies
advised and administered by the Manager. He is 50 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of the
Manager, and an officer of other investment companies advised and
administered by the Manager. He is 40 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of the
Manager, and an officer of other investment companies advised and
administered by the Manager. He is 34 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of the Manager, and an officer of other investment companies
advised and administered by the Manager. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of the Manager,
and an officer of other investment companies advised and administered
by the Manager. He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
