August 9, 1995
DREYFUS CAPITAL GROWTH FUND
(A PREMIER FUND)
SUPPLEMENT TO PROSPECTUS
DATED JANUARY 31, 1995
Effective June 16, 1995, the Fund's name is changed to Premier Capital
Growth Fund, Inc.
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THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS IN THE SECTION ENTITLED
"MANAGEMENT OF THE FUND."
Effective August 9, 1995, the Fund's primary portfolio manager is Michael
L. Schonberg. Mr. Schonberg has been employed by The Dreyfus Corporation
since July 1995. From March 1994 to July 1995, Mr. Schonberg was a General
Partner of Omega Advisors, L.P. Prior thereto, he served as Managing
Director and Chief Investment Officer for UBS Asset Management (NY), Inc.
009/s080995
