DREYFUS PREMIER EQUITY FUNDS INC
497, 1997-05-30
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                                                                March 31, 1997
                      PREMIER AGGRESSIVE GROWTH FUND
                         SUPPLEMENT TO PROSPECTUS
                          DATED FEBRUARY 1, 1997
        EFFECTIVE JUNE 1, 1997, THE FOLLOWING INFORMATION SUPERSEDES ANY
CONTRARY INFORMATION CONTAINED IN THE FUND'S PROSPECTUS.
        The Telephone Redemption Privilege is granted automatically unless
you specifically refuse it by checking the applicable "No" box on the Account
Application.  The Telephone Redemption Privilege may be established for an
existing account by a separate signed Shareholder Services Form or by oral
request from any of the authorized signatories on the account by calling 1-800-
645-6561.
        THE FOLLOWING INFORMATION SUPERSEDES  AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S CURRENT PROSPECTUS.
        Effective March 31, 1997, the Fund's name is Dreyfus Premier
Aggressive Growth Fund, a separate portfolio of Dreyfus Premier Equity Funds,
Inc.




                                                                March 31, 1997
                      PREMIER GROWTH AND INCOME FUND
                         SUPPLEMENT TO PROSPECTUS
                          DATED FEBRUARY 1, 1997
        EFFECTIVE JUNE 1, 1997, THE FOLLOWING INFORMATION SUPERSEDES ANY
CONTRARY INFORMATION CONTAINED IN THE FUND'S PROSPECTUS.
        The Telephone Redemption Privilege is granted automatically unless
you specifically refuse it by checking the applicable "No" box on the Account
Application.  The Telephone Redemption Privilege may be established for an
existing account by a separate signed Shareholder Services Form or by
oral request from any of the authorized signatories on the account by calling
1-800-645-6561.
        THE FOLLOWING INFORMATION SUPERSEDES  AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S CURRENT PROSPECTUS.
        Effective March 31, 1997, the Fund's name is Dreyfus Premier Growth
and Income Fund, a separate portfolio of Dreyfus Premier Equity Funds, Inc.









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