February 16, 1994
DREYFUS NEW LEADERS FUND, INC.
Supplement to Prospectus
Dated April 30, 1993
The following information supplements and should be read in conjunction
with the section of the Fund's Prospectus entitled "Management of the Fund."
The Fund's manager, The Dreyfus Corporation ("Dreyfus"), has entered into
an Agreement and Plan of Merger (the "Merger Agreement") providing for the
merger of Dreyfus with a subsidiary of Mellon Bank Corporation ("Mellon").
Following the merger, it is planned that Dreyfus will be a direct
subsidiary of Mellon Bank, N.A. Closing of this merger is subject to a
number of contingencies, including receipt of certain regulatory approvals
and approvals of the stockholders of Dreyfus and of Mellon. The merger is
expected to occur in mid-1994, but could occur significantly later.
As a result of regulatory requirements and the terms of the Merger
Agreement, Dreyfus will seek various approvals from the Fund's board and
shareholders before completion of the merger. Shareholder approval will be
solicited by a proxy statement.
The following information supplements and should be read in conjunction
with the section of the Fund's Prospectus entitled "Condensed Financial
Information."
Further information about the Fund's performance will be contained in the
Fund's annual report for the fiscal year ended December 31, 1993, which will
be available at approximately the end of February 1994 and may be obtained
without charge by writing to the address or calling the number contained on
the cover page of this Prospectus.
