<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> DREYFUS PREMIER EQUITY FUNDS INC.
<SERIES>
<NUMBER> 020
<NAME> DREYFUS PREMIER MARKET NEUTRAL FUND - CLASS T
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 4063
<INVESTMENTS-AT-VALUE> 4050
<RECEIVABLES> 4060
<ASSETS-OTHER> 219
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8329
<PAYABLE-FOR-SECURITIES> 249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3929
<TOTAL-LIABILITIES> 4178
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5366
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1111)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (112)
<NET-ASSETS> 1
<DIVIDEND-INCOME> 31
<INTEREST-INCOME> 113
<OTHER-INCOME> 0
<EXPENSES-NET> 72
<NET-INVESTMENT-INCOME> 72
<REALIZED-GAINS-CURRENT> (197)
<APPREC-INCREASE-CURRENT> (264)
<NET-CHANGE-FROM-OPS> (389)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (388)
<ACCUMULATED-NII-PRIOR> 92
<ACCUMULATED-GAINS-PRIOR> (914)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 126
<AVERAGE-NET-ASSETS> 1
<PER-SHARE-NAV-BEGIN> 9.47
<PER-SHARE-NII> 0.600
<PER-SHARE-GAIN-APPREC> (0.010)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.54
<EXPENSE-RATIO> 0.004
</TABLE>
