DREYFUS LIQUID ASSETS INC
497, 2000-01-28
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                                                      January 28, 2000

                          DREYFUS LIQUID ASSETS, INC.
                            SUPPLEMENT TO PROSPECTUS
                               DATED MAY 1, 1999

        The following replaces the first sentence of the first full paragraph
of the section of the Fund's Prospectus entitled "Distributions and Taxes."

        Effective April 3, 2000, the Fund usually will pay its shareholders
from net investment income once a month, and will distribute any net
securities gains it has realized once a year.

        039s0100



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