DREYFUS FUND INC
497, 1998-01-14
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                                                          January 1, 1998
                         THE DREYFUS FUND INCORPORATED
                           SUPPLEMENT TO PROSPECTUS
                              DATED APRIL 1, 1997
                           AS REVISED, AUGUST 7, 1997

        EFFECTIVE JANUARY 1, 1998, THE FOLLOWING INFORMATION SUPPLEMENTS AND
SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE PROSPECTUS UNDER THE
CAPTION "HOW TO BUY SHARES."
        The minimum initial investment is $750 for Dreyfus-sponsored Keogh
Plans, IRAs (including regular IRAs, spousal IRAs for a non-working spouse,
Roth IRAs, SEP-IRAs and rollover IRAs) and 403(b)(7) Plans with only one
participant and $500 for Dreyfus-sponsored Education IRAs, with no minimum
on subsequent purchases.
                                                                   026s0198





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