December 15, 1998
THE DREYFUS FAMILY OF FUNDS
PROSPECTUS SUPPLEMENT
The following information supplements and supersedes the information in
each fund's prospectus regarding Year 2000 Risks .
Year 2000 Issues
The fund could be adversely affected if the computer systems used by
The Dreyfus Corporation and the fund's other service providers do not
properly process and calculate date-related information from and after
January 1, 2000. The Dreyfus Corporation is working to avoid Year 2000-
related problems in its systems and to obtain assurances from other
service providers that they are taking similar steps. In addition,
issuers of securities in which the fund invests may be adversely
affected by Year 2000-related problems. This could have an impact on
the value of the fund's investments and its share price.
The following information reflects certain tax law changes adopted
during 1998. This supplements and supersedes any contrary information
in each fund's prospectus.
Tax Law Changes
The distribution of recognized gains from securities held by the fund
for one year or less will be taxed at ordinary income tax rates. The
distribution of recognized gains from securities held by the fund for
more than one year will be taxed at a maximum rate of 20% (or 10% for
taxpayers in the 15% income tax bracket). Please consult your tax
advisor for further information.
