December 15, 1999
DREYFUS PREMIER EQUITY FUNDS, INC.
Supplement to Statement of Additional Information
Dated February 1, 1999
Effective December 31, 1999, the following information supersedes and
replaces the first sentence of the first paragraph contained in the section of
the Fund's Statement of Additional Information entitled "How to Buy Shares--
Right of Accumulation - Class A Shares."
Reduced sales loads apply to any purchase of Class A shares, shares of
other funds in the Dreyfus Premier Family of Funds which are sold with a sales
load, shares of certain other funds advised by the Manager or Founders Asset
Management LLC ("Founders"), an affiliate of the Manager, which are sold with a
sales load and shares acquired by a previous exchange of such shares
(hereinafter referred to as "Eligible Funds"), by you and any related
"purchaser" as defined above, where the aggregate investment, including such
purchase, is $50,000 or more.
Effective December 31, 1999, the following information supersedes and
replaces the first sentence of the first paragraph contained in the section of
the Fund's Statement of Additional Information entitled "Shareholder Services --
Fund Exchanges."
You may purchase, in exchange for shares of the Fund, shares of the same
Class of another fund in the Dreyfus Premier Family of Funds, shares of the same
Class of certain funds advised by Founders, or shares of certain other funds in
the Dreyfus Family of Funds.
Effective December 31, 1999, the following information supersedes and
replaces the first sentence of the first paragraph contained in the section of
the Fund's Statement of Additional Information entitled "Shareholder Services --
Dreyfus Auto-Exchange Privilege."
Dreyfus Auto-Exchange Privilege permits you to purchase (on a semi-
monthly, monthly, quarterly or annual basis), in exchange for shares of the
Fund, shares of the same Class of another fund in the Dreyfus Premier Family of
Funds, shares of the same Class of certain funds advised by Founders, or shares
of certain other funds in the Dreyfus Family of Funds.
Effective December 31, 1999, the following information supersedes and
replaces the first sentence of the first paragraph contained in the section of
the Fund's Statement of Additional Information entitled "Shareholder Services --
Dividend Options."
Dreyfus Dividend Sweep allows you to invest automatically your dividends
or dividends and capital gain distributions, if any, from the Fund in shares of
the same Class of another fund in the Dreyfus Premier Family of Funds, shares of
the same Class of certain funds advised by Founders, or shares of certain other
funds in the Dreyfus Family of Funds.
