DREYFUS LAUREL FUNDS TRUST
497, 2000-03-20
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                                               March 22, 2000

                         THE DREYFUS/LAUREL FUNDS TRUST
                       DREYFUS PREMIER MANAGED INCOME FUND

                SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
                                   May 1, 1999


      THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/TRUST," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"

      Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.

             ----------------------------------------

      THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE TRUST:"

Stephen E. Canter,  President.  President,  Chief Operating  Officer,  and Chief
     Investment Officer of Dreyfus, and an officer of other investment companies
     advised and  administered  by Dreyfus.  Mr. Canter also is a Director or an
     Executive Committee Member of the other investment management  subsidiaries
     of Mellon Financial Corporation,  each of which is an affiliate of Dreyfus.
     He is 54 years old.

Mark N. Jacobs, Vice President.  Vice President,  Secretary, and General Counsel
     to  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 53 years old.

Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
     of  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 42 years old.

Steven F. Newman,  Secretary.  Associate General Counsel and Assistant Secretary
     of  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 50 years old.

Jeff Prusnofsky,  Assistant Secretary. Assistant General Counsel of Dreyfus, and
     an  officer of other  investment  companies  advised  and  administered  by
     Dreyfus. He is 34 years old.

Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
     and an officer of other  investment  companies  advised and administered by
     Dreyfus. He is 40 years old.

William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable
      Fixed Income of Dreyfus, and an officer of other investment companies
      advised and administered by Dreyfus. He is 41 years old.

James Windels,  Assistant Treasurer.  Senior Treasury Manager of Dreyfus, and an
     officer of other investment  companies advised and administered by Dreyfus.
     He is 41 years old.

      The address of each Fund officer is 200 Park Avenue, New York, NY 10166.

                ----------------------------------

      THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"

      Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.

                   ----------------------------

      THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND
SERVICE PLANS:"

      Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B and Class C shares (the "Service Plan") (together with the
Class A Plan, the "Plans"), to remove the inconsistency of the Plans' reference
to both DSC and the "Distributor" in the alternative, and to make other
non-material changes to update the Plans. The Class A Plan also was amended to
expressly provide that Mellon Bank, N.A. and other affiliates may be paid
directly under the Class A Plan for shareholder services they provide. There was
no change to the amount payable under the Plans or to any other material terms
of the Plans. The amended Class A Plan provides that Mellon Bank, N.A. and/or
any of its affiliates are entitled to payment with respect to shareholder
servicing services and the Distributor (DSC) is entitled to payment with respect
to distribution and shareholder servicing services. The amended Service Plan
provides that DSC, and/or any of its affiliates, are entitled to payment for
providing certain services to shareholders of the Fund. There were no changes
made to the Fund's Distribution Plan with respect to its Class B and Class C
shares.



                                          March 22, 2000

                         THE DREYFUS/LAUREL FUNDS TRUST
                  DREYFUS PREMIER LIMITED TERM HIGH INCOME FUND

                SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
                                   MAY 1, 1999


      THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/TRUST," "MANAGEMENT OF THE TRUST" AND "MANAGEMENT
ARRANGEMENTS:"

      Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.

                ----------------------------------


      The following information replaces the information contained in the
section of the SAI entitled "Management of the Fund - Officers of the Trust:"

Stephen E. Canter,  President.  President,  Chief Operating  Officer,  and Chief
     Investment Officer of Dreyfus, and an officer of other investment companies
     advised and  administered  by Dreyfus.  Mr. Canter also is a Director or an
     Executive Committee Member of the other investment management  subsidiaries
     of Mellon Financial Corporation,  each of which is an affiliate of Dreyfus.
     He is 54 years old.

Mark N. Jacobs, Vice President.  Vice President,  Secretary, and General Counsel
     to  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 53 years old.

Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
     of  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 42 years old.

Steven F. Newman,  Secretary.  Associate General Counsel and Assistant Secretary
     of  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 50 years old.

Jeff Prusnofsky,  Assistant Secretary. Assistant General Counsel of Dreyfus, and
     an  officer of other  investment  companies  advised  and  administered  by
     Dreyfus. He is 34 years old.

Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
     and an officer of other  investment  companies  advised and administered by
     Dreyfus. He is 40 years old.

William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
     Income of Dreyfus, and an officer of other investment companies advised and
     administered by Dreyfus. He is 41 years old.

James Windels,  Assistant Treasurer.  Senior Treasury Manager of Dreyfus, and an
     officer of other investment  companies advised and administered by Dreyfus.
     He is 41 years old.

 The address of each Fund officer is 200 Park Avenue, New York, NY 10166.

            ------------------------------------------

      THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"

      Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.

              --------------------------------------


      THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND
SERVICE PLANS:"

      Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B and Class C shares (the "Service Plan") (together with the
Class A Plan, the "Plans"), to remove the inconsistency of the Plans' reference
to both DSC and the "Distributor" in the alternative, and to make other
non-material changes to update the Plans. The Class A Plan also was amended to
expressly provide that Mellon Bank, N.A. and other affiliates may be paid
directly under the Class A Plan for shareholder services they provide. There was
no change to the amount payable under the Plans or to any other material terms
of the Plans. The amended Class A Plan provides that Mellon Bank, N.A. and/or
any of its affiliates are entitled to payment with respect to shareholder
servicing services and the Distributor (DSC) is entitled to payment with respect
to distribution and shareholder servicing services. The amended Service Plan
provides that DSC, and/or any of its affiliates, are entitled to payment for
providing certain services to shareholders of the Fund. There were no changes
made to the Fund's Distribution Plan with respect to its Class B and Class C
shares.



                                               March 22, 2000

                         THE DREYFUS/LAUREL FUNDS TRUST
                         DREYFUS PREMIER CORE VALUE FUND

                SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
                                 AUGUST 16, 1999


      THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/TRUST," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"

      Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.

              ---------------------------------------

      The following information replaces the information contained in the
section of the SAI entitled "Management of the Fund - Officers of the Trust:"

Stephen E. Canter,  President.  President,  Chief Operating  Officer,  and Chief
     Investment Officer of Dreyfus, and an officer of other investment companies
     advised and  administered  by Dreyfus.  Mr. Canter also is a Director or an
     Executive Committee Member of the other investment management  subsidiaries
     of Mellon Financial Corporation,  each of which is an affiliate of Dreyfus.
     He is 54 years old.

Mark N. Jacobs, Vice President.  Vice President,  Secretary, and General Counsel
     to  Dreyfus,  and an  officer of other  investment  companies  advised  and
     administered by Dreyfus. He is 53 years old.

Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund
      Accounting of Dreyfus, and an officer of other investment companies
      advised and administered by Dreyfus. He is 42 years old.

Steven F. Newman, Secretary. Associate General Counsel and
      Assistant Secretary of Dreyfus, and an officer of other investment
      companies advised and administered by Dreyfus. He is 50 years old.

Jeff Prusnofsky,  Assistant Secretary. Assistant General Counsel of Dreyfus, and
     an  officer of other  investment  companies  advised  and  administered  by
     Dreyfus. He is 34 years old.

Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
     and an officer of other  investment  companies  advised and administered by
     Dreyfus. He is 40 years old.

William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
     Income of Dreyfus, and an officer of other investment companies advised and
     administered by Dreyfus. He is 41 years old.

James Windels,  Assistant Treasurer.  Senior Treasury Manager of Dreyfus, and an
     officer of other investment  companies advised and administered by Dreyfus.
     He is 41 years old.

     The address of each Fund officer is 200 Park Avenue, New York, NY 10166.

                 ---------------------------------

           THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN
THE SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"

      Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.

                    ---------------------------------


      The clause "Pursuant to an agreement with the Distributor" hereby is
deleted in the following sections of the SAI: (i) the third sentence of the
third paragraph of the section of the SAI entitled "Purchase of Shares- Class A
Shares;" (ii) the third sentence of the second paragraph of the section entitled
"Purchase of Shares- Class T Shares;" and (iii) the first sentence of the
section entitled "Purchase of Shares - Class B and Class C Shares."

                   ----------------------------------

      THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND
SERVICE PLANS:"

     Coincident with the transfer of distribution  responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's  Distribution Plan,
with respect to Class A and Institutional shares (the "Distribution  Plan"), and
Service Plan,  with respect to Class B, Class C and Class T shares (the "Service
Plan")  (together  with the  Distribution  Plan,  the  "Plans"),  to remove  the
inconsistency  of the Plans' reference to both DSC and the  "Distributor" in the
alternative  and to make other  non-material  changes  to update the Plans.  The
Distribution  Plan also was amended to expressly  provide that Mellon Bank, N.A.
and  other  affiliates  may be paid  directly  under the  Distribution  Plan for
shareholder  services  they provide.  There was no change to the amount  payable
under  the  Plans or to any  other  material  terms of the  Plans.  The  amended
Distribution  Plan provides that Mellon Bank,  N.A. and/or any of its affiliates
are entitled to payment with respect to shareholder  servicing  services and the
Distributor  (DSC) is  entitled  to payment  with  respect to  distribution  and
shareholder  servicing  services.  The amended  Service Plan  provides that DSC,
and/or any of its  affiliates,  are  entitled to payment for  providing  certain
services to shareholders  of the Fund.  There were no changes made to the Fund's
Distribution Plans with respect to its Class B, Class C and Class T shares.



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