February 22, 2000
DREYFUS PREMIER EQUITY FUNDS, INC.
Supplement to Statement of Additional Information
Dated February 1, 2000
Effective March 1, 2000, the following information supersedes and replaces
the fourth paragraph contained in the section of the Fund's Statement of
Additional Information entitled "How to Buy Shares--Class A or Class T Shares
Offered at Net Asset Value."
Class T shares also may be purchased at net asset value, subject to
appropriate documentation, through a broker-dealer or other financial
institution with the proceeds from the redemption of shares of a registered
open-end management investment company not managed by the Manager or its
affiliates. The purchase of Class T shares of the Fund must be made within
60 days of such redemption and the shares redeemed must have been subject to
an initial sales charge or a contingent deferred sales charge.
