DREYFUS NEW LEADERS FUND INC
24F-2NT, 1995-02-17
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                          DREYFUS NEW LEADERS FUND, INC.
                                 200 PARK AVENUE
                              NEW YORK, NY  10166


Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC  20549


     Rule 24f-2 Notice - DREYFUS NEW LEADERS FUND, INC.
     Registration Statement No. 2-88816 - CIK #737520


Gentlemen:

    On January 15, 1985, the Registration Statement of Dreyfus New Leaders
Fund, Inc. was declared effective by the SEC.  The Registration Statement
represented the Fund's election to register an indefinite number of shares and
this Notice, filed pursuant to Rule 24f-2, is for the fiscal year ended
December 31, 1994.

    The following information is furnished:

    (a) Shares registered under Securities
        Act of 1933 during fiscal year other
        than pursuant to Section 24(f):                             None



                                                  SHARES        DOLLAR AMOUNT

    (b) Total number of shares sold during
        fiscal year ended 12/31/94 subject
        to registration under Rule 24f-2:       5,091,995      $172,304,714

    (c) Less shares redeemed during
        fiscal year ended 12/31/94:             3,509,729       116,777,211
                                               ----------      ------------

    Net Sales During Year [(b) - (c)]:          1,582,266      $ 55,527,503
                                                =========      ============


                                   CALCULATION OF FEE

    Net sales dollar amount of $55,527,503 @ 1/29 of 1% = $19,147.41.

    Funds in the amount of $19,147.41 representing the registration fee were
wired to CIK #737520.  An opinion of counsel is enclosed.


                                                   Very truly yours,

JJP/ems

                                                   John J. Pyburn, 
cc:  Mr. J. deMichaelis, SEC                       Assistant Treasurer
     Ms. R. McLaughlin, E&Y    


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