December 15, 1999
DREYFUS PREMIER EQUITY FUNDS, INC.
Supplement to Statement of Additional Information
Dated February 1, 1999
Effective February 1, 2000, 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 February 1, 2000, 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 February 1, 2000, 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 February 1, 2000, 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.
DREYFUS PREMIER EQUITY FUNDS, INC.
DREYFUS PREMIER AGGRESSIVE GROWTH FUND
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999
EFFECTIVE DECEMBER 31, 1999, THE FOLLOWING INFORMATION SUPPLEMENTS AND
SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S
PROSPECTUS ENTITLED "YOUR ACCOUNT - ACCOUNT POLICIES" AND "YOUR ACCOUNT-SERVICES
FOR FUND INVESTORS."
RIGHT OF ACCUMULATION: lets you add the value of any shares in this fund,
any other Dreyfus Premier fund, or any other fund that is advised by Founders
Asset Management LLC ("Founders"), an affiliate of Dreyfus, sold with a sales
load (that you already own) to the amount of your next Class A investment for
purposes of calculating the sales charge.
DREYFUS DIVIDEND SWEEP: for automatically reinvesting the dividends and
distributions from the fund into another Dreyfus fund or certain
Founders-advised funds (not available for IRAs).
DREYFUS AUTO-EXCHANGE PRIVILEGE: for making regular exchanges from the
fund into another Dreyfus fund or certain Founders-advised funds.
EXCHANGE PRIVILEGE: you can exchange shares worth $500 or more (no minimum
for retirement accounts) from one class of the fund into the same class of
another Dreyfus Premier fund or Founders-advised fund.
009s1299
December 15, 1999
DREYFUS PREMIER EQUITY FUNDS, INC.
DREYFUS PREMIER GROWTH AND INCOME FUND
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999 AS REVISED NOVEMBER 8, 1999
EFFECTIVE DECEMBER 31, 1999, THE FOLLOWING INFORMATION SUPPLEMENTS AND
SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S
PROSPECTUS ENTITLED "YOUR ACCOUNT - ACCOUNT POLICIES" AND "YOUR ACCOUNT-SERVICES
FOR FUND INVESTORS."
RIGHT OF ACCUMULATION: lets you add the value of any shares in this fund,
any other Dreyfus Premier fund, or any other fund that is advised by Founders
Asset Management LLC ("Founders"), an affiliate of Dreyfus, sold with a sales
load (that you already own) to the amount of your next Class A investment for
purposes of calculating the sales charge.
DREYFUS DIVIDEND SWEEP: for automatically reinvesting the dividends and
distributions from the fund into another Dreyfus fund or certain
Founders-advised funds (not available for IRAs).
DREYFUS AUTO-EXCHANGE PRIVILEGE: for making regular exchanges from the
fund into another Dreyfus fund or certain Founders-advised funds.
EXCHANGE PRIVILEGE: you can exchange shares worth $500 or more (no minimum
for retirement accounts) from one class of the fund into the same class of
another Dreyfus Premier fund or Founders-advised fund.
320s1299
December 15, 1999
DREYFUS PREMIER EQUITY FUNDS, INC.
DREYFUS PREMIER EMERGING MARKETS FUND
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999
EFFECTIVE DECEMBER 31, 1999, THE FOLLOWING INFORMATION SUPPLEMENTS AND
SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S
PROSPECTUS ENTITLED "YOUR ACCOUNT - ACCOUNT POLICIES" AND "YOUR ACCOUNT-SERVICES
FOR FUND INVESTORS."
RIGHT OF ACCUMULATION: lets you add the value of any shares in this fund,
any other Dreyfus Premier fund, or any other fund that is advised by Founders
Asset Management LLC ("Founders"), an affiliate of Dreyfus, sold with a sales
load (that you already own) to the amount of your next Class A investment for
purposes of calculating the sales charge.
DREYFUS DIVIDEND SWEEP: for automatically reinvesting the dividends and
distributions from the fund into another Dreyfus fund or certain
Founders-advised funds (not available for IRAs).
DREYFUS AUTO-EXCHANGE PRIVILEGE: for making regular exchanges from the
fund into another Dreyfus fund or certain Founders-advised funds.
EXCHANGE PRIVILEGE: you can exchange shares worth $500 or more (no minimum
for retirement accounts) from one class of the fund into the same class of
another Dreyfus Premier fund or Founders-advised fund.
329s1299
December 15, 1999
DREYFUS PREMIER EQUITY FUNDS, INC.
DREYFUS PREMIER MARKET NEUTRAL FUND
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999
EFFECTIVE DECEMBER 31, 1999, THE FOLLOWING INFORMATION SUPPLEMENTS AND
SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S
PROSPECTUS ENTITLED "YOUR ACCOUNT - ACCOUNT POLICIES" AND "YOUR ACCOUNT-SERVICES
FOR FUND INVESTORS."
RIGHT OF ACCUMULATION: lets you add the value of any shares in this fund,
any other Dreyfus Premier fund, or any other fund that is advised by Founders
Asset Management LLC ("Founders"), an affiliate of Dreyfus, sold with a sales
load (that you already own) to the amount of your next Class A investment for
purposes of calculating the sales charge.
DREYFUS DIVIDEND SWEEP: for automatically reinvesting the dividends and
distributions from the fund into another Dreyfus fund or certain
Founders-advised funds (not available for IRAs).
DREYFUS AUTO-EXCHANGE PRIVILEGE: for making regular exchanges from the
fund into another Dreyfus fund or certain Founders-advised funds.
EXCHANGE PRIVILEGE: you can exchange shares worth $500 or more (no minimum
for retirement accounts) from one class of the fund into the same class of
another Dreyfus Premier fund or Founders-advised fund.
335s1299-2
